Colts close window on controversy
Indianapolis Colts officials said ratcheting up the noise inside Lucas Oil Stadium had nothing to do with the decision to close the large window on the north end of the stadium for last…
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UPDATE: Finish Line exec jumps to Dollar Tree
Kevin Wampler, chief financial officer of The Finish Line Inc., has joined Dollar Tree Inc. in the same role. Normal 0 MicrosoftInternetExplorer4 Dollar Tree, headquartered in Chesapeake, Va., is a retailer specializing in selling items for less than $1. Wampler will be replaced on an interim basis by Finish Line Chief Operating Officer Steven J. […]
Moody’s upgrades OneAmerica
Indianapolis-based insurer OneAmerica Financial Partners Inc. has received upgrades from Moody’s Investors Service along with a lavish dollop of praise. Moody’s bumped the senior debt rating to Baa1 from Baa2. OneAmerica’s main insurance arm, American United Life Insurance Co., was pushed to A1 from A2. Profit and stability have improved as OneAmerica exited the reinsurance […]
UPDATE: Simon reining in spending
Simon Property Group Inc. this morning reported third-quarter results that beat analysts’ expectations. But in a late-morning conference call, CEO David Simon said the retail developer would curb its expansion in response to the weak economy. “Given the current economic conditions, we anticipate our capital spending will be down significantly in 2009,” he said. Investors […]
Schneider named interim CFO at Finish Line
Steven J. Schneider, chief operating officer at The Finish Line Inc., has been named interim chief financial officer, the Indianapolis retailer said today. Schneider, 52, will fill in for Kevin Wampler, 45, who left to pursue a similar position at another firm, Finish Line said. The company announced earlier that Schneider would become president on […]
Nuclear war, assessors and voters
Following a nuclear holocaust, itâ??s been said, only cockroaches and township assessors will be left.
Now, assessors might finally meet their match in something more powerful than atomic weapons â?? voters.
The Legislature wiped out a warren of them this year when…
Pacers poll flawed
If the Indiana Pacers want a true reading on how the community views their team, they may be talking to the wrong people. Last month, the Pacers polled 600 ticket holders to gauge…
Investments throw Baldwin & Lyons for loss
Baldwin & Lyons Inc. swung to a loss in the third quarter, the insurer of truck fleets announced today. The Indianapolis company lost $7.3 million compared with a $11.7 million profit of a year earlier. Much of the difference was driven by $16 million in losses on stocks and other investments. Baldwin & Lyons earned […]
Circuit City to close four Indiana locations
Troubled electronics retailer Circuit City Stores Inc. said today it will close its store near Washington Square Mall on the east side as part of a plan to shutter 155 locations nationwide and return to financial health. Also slated for closing are locations in Lafayette and South Bend, and one in the southern Indiana town […]
Emmis slashes 25 radio positions, cuts salaries
A “turbulent economy” that’s causing the radio industry to struggle has prompted Emmis Communications Corp. to lay off 4 percent of its workers in the sector. The downsizing amounts to 29 full-time workers and 6 part-time employees, the Indianapolis company announced this morning. Emmis also said it snipped 3 percent from salaries of radio and […]
Pacers partner with Clarian to improve citizen wellness
The Indiana Pacers are bellowing out a call to change—one that goes far beyond the new look team that has taken the floor this year. On Oct. 31, the Pacers announced a partnership…
Higher rents boost Simon margins
Simon Property Group today reported a 10.8-percent increase in third-quarter funds from operations. Funds rose to $463.9 million, or $1.61 per share – 4 cents per share more than expected by analysts surveyed by Thomson Financial. Mall occupancy dipped slightly. However, the company pushed up rents at a time when retailers are suffering and expecting […]
St. Francis, Anthem continue talks
The St. Francis hospital system has postponed the threatened termination of its contract with Anthem Blue Cross and Blue Shield in Indiana until Friday, Nov. 7. St. Francis had promised to cancel its contract at midnight Nov. 2, saying Anthem has been slow to pay claims and hasn’t granted St. Francis terms similar to other […]
Heritage CEO to chair transportation association
Charles F. Potts, the CEO of Indianapolis-based Heritage Construction, will serve as 2009 chairman of the American Road &
Transportation Builders Association.
Where was Horning in candidate story?
Libertarian candidate Andy Horning should have been covered in more detail in IBJ article about the governor’s race.
Indiana Economic Development Corporation offers new Web tools
The Indiana Economic Development Corp. has launched two free Web tools to assist Hoosier businesses.
Duke founder Wynne loses out using company stock as collateral
Retired businessman John Wynne, one of the founders of Duke Realty Corp., is the latest executive to get burned after using
company stock as collateral for a multimillion-dollar loan in his investment account.
Turbulent times spell opportunity for small businesses
Healthy banks have adopted stronger risk prevention measures for good reasons, but it’s important to know that well-performing
banks are still writing loans for small business and servicing their needs every day.
After record election revenues, TV ad income may hit 10-year low
With the economic swoon and no political ad campaigns in 2009, TV ad revenue could hit a 10-year low next year.
Bankers comfort customers worried about stability in wake of financial crisis
Banks launch campaigns to sooth jittery customers about the safety of their deposits, following an economic crisis that has brought down investment banks and sent stock values plummeting.