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OneAmerica Financial Partners Inc. has signed a letter of intent to acquire Virginia-based Shenandoah Life Insurance Co. Shenandoah would become a subsidiary of Indianapolis-based OneAmerica, whose other subsidiaries include American United Life Insurance Co. and The State Life Insurance Co. OneAmerica disclosed no details about the financial terms of the deal. Shenendoah is much smaller […]
Precise Path Robotics Inc., a Carmel company started by tech entrepreneur Scott Jones and other investors, is about to unveil its first product – a lawnmower guided by technology developed for the battlefield. Precise Path plans to display the RG3 at the Golf Industry Show in New Orleans in February, and anticipates selling 50 units […]
Indianapolis will host the 2015 men’s Final Four basketball tournament, the NCAA announced today. A men’s Final Four is considered a financial coup, bringing in $50 million for the host city, the NCAA estimates. Other winners announced today are New Orleans, 2012; Atlanta, 2013; Dallas/Fort Worth, 2014; and Houston, 2016. The sites were selected from […]
Smoking in public places is in retreat across the country, and now Charlie Brown, the state representative
from Gary, wants to ban it in bars, casinos and other enclosed places in Indiana.
Brown plans to introduce a bill during…
A prominent state senator filed a bill this week that would require retiring legislators to wait at least one year before they could lobby members of the Indiana General Assembly. Under the legislation proposed by Sen. Patricia Miller, R-Indianapolis, lawmakers who retire after June 2009 couldn’t register as a lobbyist before June 2010. The state […]
Efforts to land an Indy Racing League title sponsor have turned to 2010. Just two months ago, IRL officials said a deal appeared imminent. In October, the economy stifled negotiations. Now, almost all…
You know how, when you’re gathered in the living room filling out you Academy Award ballot with friends and there are the inevitable jokes about nobody having any idea what the nominated documentaries are about?
Well, this year, it could be…
Economic turbulence has prompted Great Dane Trailers to severely curtail operations at its Terre Haute plant, but another plant in western Indiana operated by the truck-trailer maker has dodged a massive closing. Great Dane Trailers plans to lay off about 115 employees at its Terre Haute plant, leaving 115 workers, according to The Tribune-Star. Two […]
Indianapolis Museum of Art has decided to acquire the landmark home and gardens of late Cummins Inc. Chairman J. Irwin Miller and his wife, Xenia. The Columbus house, designed in 1957 by architect Eero Saarinen and considered one of the best examples of the international Modernist aesthetic, will be donated to the museum by the […]
Months after receiving a $35 million injection of venture capital, Angie’s List has raised $18 million in venture debt, this time from a different firm. The Indianapolis company announced this afternoon that it has received $18 million from Lighthouse Capital Partners, a Menlo Park, Calif., firm specializing in secured loans to early-stage and expansion-stage technology, […]
A Dallas-based sandwich chain plans to open up to 10 locations in central Indiana in the next several years, IBJ’s Chip Cutter reports. Local franchisee Darcie Mueting is scoping out real estate…
Indiana University has launched a technology center to help scientists attract research funding and drive discoveries that could be turned into life sciences and information technology businesses. The Pervasive Technology Institute will be funded by a $15 million commitment from Lilly Endowment, and be located in the new business incubator IU is building at 10th […]
Newton County Loan & Savings bank couldnâ??t be more out of the way â?? or more relevant in this day of
government bailouts.
The thrift is in Goodland, a burg between Lafayette and Chicago, and has all of $7.3 million in…
IU is breaking ground today on a $10 million life-sciences and Internet-technology incubator in Bloomington. The new facility will be 40,000 square feet and is scheduled for…
USA Basketball today announced it will move its headquarters from Colorado Springs to Glendale, Ariz. Indianapolis and Louisville were the other front runners. Indianapolis officials announced earlier this year they were out of…
Hendricks Regional Health and YMCA of Greater Indianapolis announced a partnership today to build an integrated fitness center and medical office building – something they say will be unique in Indiana. The 100,000-square-foot center, named Hendricks Regional Health YMCA, will sit on nearly 29 acres along U.S. 36 in Avon. It will provide medical, wellness, […]
Auto parts maker Remy International Inc. said yesterday that it turned in a $4.3 million profit in the third quarter, a stark contrast to the $39.3 million loss of a year earlier. Sales for the Pendleton company increased 1.5 percent to $279.4 million. A decline in sales to General Motors Corp. was offset by sales […]
Mark Cuban, the Indiana University alumnus who owns the Dallas Mavericks, said this afternoon that accusations of insider trading leveled against him earlier in the day by the U.S. Securities and Exchange Commission are false. Cuban said in a statement posted on his Web site, www.blogmaverick.com., that he will contest the allegations, calling them “a […]
Every once in a while, I’ll turn the blog over to reporter Kathleen McLaughlin, who is now covering the arts business beat for IBJ. Welcome her aboard and look for her writing here and in the print edition of IBJ.
Take…
In a sign of financial challenges ahead, the Indianapolis Symphony Orchestra yesterday reported a 1-percent budget shortfall for the fiscal year ended Aug. 31. Expenses exceeded revenue by $293,000, or 1 percent of the $26.8 million budget. CEO Simon Crookall said income from ticket sales and contributions did not keep pace with rising expenses for […]
