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Glass uses humor during IU intro

Indianapolis attorney Fred Glass demonstrated a keen sense of humor during a press conference held this morning to introduce him as the next Indiana University athletic director. Given the expected sanctions on the…

On celebrity interviews

Peter Bart, one of the smarter guys in Hollywood, has an interesting blog over at Variety. His topic: Celebrity interviews. (Find it here.)

In the piece, Bart elequently points out something I’ve felt for a long time now: That most…

Interactive Intelligence profit plunges

Third-quarter profit plummeted nearly 70 percent for Interactive Intelligence Inc., the Indianapolis developer of automated help desk software reported late yesterday. The $924,000 in net income amounted to 5 cents a share. Excluding charges for stock-based compensation, profit came to 11 cents a share, down from 19 cents in the same period last year. Analysts […]

House sales inch up in September

Sales of existing houses in the 13-county Indianapolis area increased in September, the first year-over-year increase since May 2007, the Metropolitan Indianapolis Board of Realtors said yesterday. Not that the increase amounted to much – 1 percent, to 2,232 units, compared to the same month a year ago. But the uptick was a psychological boost […]

B.F. Goodrich temporarily idling 500 workers

A B.F. Goodrich Co. tire plant in the northeastern Indiana town of Woodburn will temporarily lay off as many as 500 of its workers for two months, according to The News-Sentinel of Fort Wayne. The layoff, which begins Nov. 1 and amounts to about 40 percent of the local work force, was forced by the […]

ImClone acquisition targeted by lawsuit

A shareholder in New York-based ImClone Systems Inc. has filed a lawsuit in an attempt to stop its pending acquisition by Eli Lilly and Co., according to a disclosure filed today with the U.S. Securities and Exchange Commission. State-Boston Retirement System of Massachusetts and several individual ImClone shareholders claim the company provided too little information […]

White River Capital launches stock buy-back

White River Capital Inc. today said it will buy back as many as 150,000 shares, or about 3.9 percent, of its common stock outstanding as of June 30. The Indianapolis-based company is the parent of Coastal Credit LLC, of Virginia Beach, which acquires sub-prime loans from franchised car dealers, and of locally based Union Acceptance […]

Software integrator GyanSys to add 139 jobs

GyanSys Inc., an Indianapolis software developer that integrates supply chain management, payroll and other business functions, plans to create 139 jobs within the next six years, the Indiana Economic Development Corp. said today. The hiring will result from a $3 million headquarters expansion on the northeast side. The company currently has 17 workers. The state […]

IU’s AD short list down to three

The 13-person search committee charged with finding candidates for Indiana University’s soon-to-be vacated athletic director position has paired its short list down to three candidates, according to two sources within IU’s athletic department.

Indianapolis…

Old National profit slumps, guidance curtailed

Evansville-based Old National Bancorp today reported $17 million in third-quarter profit. The 26 cents per share was 25 percent less than a year earlier and a penny less than expected by analysts surveyed by Thomson Reuters. The parent of Old National Bank also lowered its full-year guidance to $1.10 to $1.15 per share from its […]

BF Goodrich temporarily idling 500 workers

A B.F. Goodrich Co. tire plant in the northeastern Indiana town of Woodburn will temporarily lay off as many as 500 of its workers for two months, according to The News-Sentinel of Fort Wayne. The layoff, which begins Nov. 1 and amounts to about 40 percent of the local work force, was forced by the […]

Tony George ripped in Australia

The honeymoon in Australia between the Indy Racing League and locals ended almost before it began. The day after local newspapers published huge sections featuring the IRL race and drivers, local stories came…

Going public may be end-game for Biomet

A year after a group of private-equity investors took over Biomet Inc., CEO Jeff Binder has told a Fort Wayne newspaper that he expects the company to be taken public again. Binder didn’t predict when the transition might take place, but said that the move likely would make more sense than an outright sale, The […]

New rail route connects Hendricks to West Coast: Line should bolster county’s distribution industry

A new rail route launched last month between Los Angeles and CSX’s Avon rail yard could give a further boost to Hendricks County’s booming warehousing-and-distribution industry. The county already hosts some 29 million square feet of warehouse space. However, it lacked a direct connection to the teeming Port of Long Beach in Los Angeles, a major gateway for U.S./ Asian trade. Anyone in the Hendricks County area wishing to send or receive goods from that port by rail had to…

City prepares to compete for mega-conventions, risks losing small events

Over the years, the city has made a name for itself by hosting a handful of large conventions and a bevy of small and midsize
gatherings.  But as companies and other organizations tighten their belts, the number of conventions
held nationwide is expected to shrink in the months ahead.

Commentary: Gray is the new blonde-not!

Photos of four area university presidents graced the cover of The Indianapolis Star’s Sunday arts and entertainment section back in March. They were all female. My first reaction was, “Isn’t it cool that women are reaching the highest echelon of higher ed?” My second reaction was, “Why don’t any of them have gray hair?” Well, surely some of them do, since at that time their ages ranged from 59-66. It just doesn’t show. I was surprised. If there is a…

Martin professor’s ouster sparks student protests

Martin University students upset over the firing of a popular professor are staging protests over the direction the school has taken under new President Algeania Freeman. Freeman in January replaced the Rev. Boniface Hardin, a Benedictine monk who founded the inner-city school 30 years ago. She since has roiled many faculty members and students by letting go employees-many times without reason, they contend-as part of a strategy to cut costs. IBJ reported their concerns in July. But the Oct. 20…

BEHIND THE NEWS: Plunge takes bloom off investing stars-at least for now

You think the recent stock-market gyrations have been g u t – w r e n c h i n g ? Imagine if you’re responsible not just for your own money, but for millions of dollars others have entrusted to you. That’s the reality for Indiana’s professional money managers, who collectively oversee billions of dollars. In good times, top-performing managers of mutual funds and individual accounts are treated like heroes, heralded with features in Barron’s or appearances on CNBC….