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Will JMV drive over to The Fan?

August 19, 2008

A couple things became clear from reader feedback I’ve been getting about a story I wrote regarding dueling sports/talk radio stations for this week’s print edition of the Indianapolis Business Journal. First, fans of WNDE-AM 1260 are much more…

Susan Bayh as a political liability

August 19, 2008

Barack Obama is expected to announce his vice presidential running mate any day now, and Evan Bayhâ??s name
is still thought to be on the short list.

The Indiana senator is viewed as a moderate who would counter Obamaâ??s liberal voting…

Colts fans let Lucas hear it

August 19, 2008

Lucas Oil Products Inc., and its owner Forrest Lucas, are taking a beating from IBJ readers after his request that Indianapolis Colts fans and local media not call the team’s new stadium “The Luke.” Lucas…

OFS Brands buys hotel furniture maker

August 19, 2008

Huntingburg office furniture manufacturer OFS Brands Inc. has acquired Loewenstein Inc., a maker of hotel furniture headquartered in Pompano Beach, Fla., for undisclosed terms. Family-owned OFS said the deal opens a seamless expansion into the hospitality market, and that OFS would protect the character of the Loewenstein brand and allow it to operate independently in […]

On the brink of IndyFringe 2008

August 19, 2008

IndyFringe 2008 launches this week with a kick-off party Thursday and performances beginning on Friday.

This year’s lineup includes 270 performances of 53 shows–including one-act plays, improvisational comedy, dance pieces, magic acts, confessional one-person shows and difficult-to-describe oddities.

As in the past, the shows aren’t…

Pharmakon moving to Carmel in expansion

August 19, 2008

Indianapolis-based Pharmakon LTC Pharmacy Inc. will pay an average of $50,000 a year to each of the 52 employees it plans to add in the next five years. The institutional pharmacy will move to a larger headquarters and warehouse in Carmel as part of its expansion, Indiana Economic Development Corp. said today. The $1.2 million […]

Finish Master profit hurt by economy

August 19, 2008

One-time events caused Finish Master Inc. profit to rise to $5.3 million in the second quarter from $4.6 million a year earlier, the Indianapolis company reported yesterday. However, the improvement was driven by proceeds from a lawsuit settlement and a non-recurring charge from the second quarter of 2007. Not taking those one-time changes into consideration, […]

Would JMV drive over to The Fan?

August 19, 2008

Two things are clear from reader feedback I’ve been getting this week about two stories I wrote for this week’s print edition of the Indianapolis Business Journal. First, fans of WNDE-AM 1260 are much more vocal than those of WFNI-AM…

Lilly’s Byetta might be tied to swelling, deaths

August 18, 2008

Bad news for one of Lilly’s up-and-coming drugs. The Food and Drug Administration warned health professionals today that the diabetes drug Byetta might be linked to six cases of severe inflammation of the pancreas, or pancreatitis, according to MarketWatch. All six patients were hospitalized and two died. The FDA advised doctors to discontinue Byetta promptly […]

Indians get attention from ESPN

August 18, 2008

It just keeps getting better for the Indianapolis Indians this season. With attendance already on its way to eclipsing last season’s total of 586,785, the Tribe is getting a boost from two special…

Duke shuttering retail real estate unit

August 18, 2008

Locally based Duke Realty Corp. is leaving the retail real estate business to focus on its bread-and-butter industrial, office and health care developments. The move will eliminate about six jobs, said company spokesman Joel Reuter. The company’s retail properties represent only about 1.5 percent of its nationwide portfolio, but it has worked on some high-profile […]

UPDATE: Layoffs to hammer Delphi in Kokomo

August 18, 2008

Delphi Corp. said today that it will lay off 600 salaried employees in its Electronics & Safety Division as part of an effort to cut costs by 25 percent. It said the layoffs will fall heaviest on its Kokomo operations, where about 2,500 of the division’s 3,340 salaried employees are based. Though three out of […]

Billboard blight or billboard rights?

August 18, 2008

UPDATE: The Metropolitan Development Commission overturned the billboard approval, and the city now is looking into whether the existing sign is legal.

The city’s planning staff is challenging a Board of Zoning…

Appraisers’ role in the meltdown

August 18, 2008

Some of the people most familiar with the mortgage foreclosure explosion in the Indianapolis area in recent
years have privately pointed fingers at appraisers.

Appraisers too often were in cahoots with lenders to illegally inflate prices of houses, the insiders complained,…

Indiana Farm Bureau sponsoring Colts facility

August 18, 2008

Officials of the Indianapolis Colts and Indiana Farm Bureau Insurance today announced that they have agreed to a multi-year deal to put the insurer’s name on the team’s 56th Street training complex. Terms were not released, but the Colts signed a similar deal in 2000 with Union Federal Bank that team sources said at the […]

Colts creativity rings cash register

August 18, 2008

The Indianapolis Colts sell sponsorships like Peyton Manning throws touchdown passes. A lot of the credit goes to the team’s former sales and marketing boss Ray Compton, who sold everything imaginable…

Overdosing on the Beatles?

August 18, 2008

In putting together this year’s IBJ A&E Season Preview (coming soon to your favorite business paper), I saw a mini-trend emerging.

It starts Aug. 28-29 with “Classical Mystery Tour,” a visit from a quartet of Liverpoolian-look-and-sing-alikes at Conner Prairie.

That same…

Delphi workers fear sweeping layoffs

August 18, 2008

Delphi Corp. plans meetings today with salaried workers at the company’s Electronics & Safety Division in Kokomo – meetings that employees fear will precede massive layoffs. Rumors of sweeping layoffs are unfounded, a Delphi spokesman told the The Kokomo Tribune. The Troy, Mich., auto parts maker learned Friday that that it must shift $1.5 billion […]

Lafayette officials hoping for best on Lilly plant

August 18, 2008

Lafayette-area leaders anticipate meeting soon with Eli Lilly and Co. officials to try to play a role in the Indianapolis-based drug giant’s plans for the 54-year-old Tippecanoe Laboratories, according to The Journal & Courier of Lafayette. Lilly said July 30 that an announcement on the future of the plant would be forthcoming within a year. […]

Spotlight on Hendricks County

August 18, 2008

Spotlight on Hendricks County Named for William Hendricks, governor of Indiana 1822-1825 5 LARGEST CITIES/TOWNS Population Plainfield ……………………………………24,734 Brownsburg ………………………………..18,850 Avon …………………………………………..9,847 Danville ……………………………………….7,827 Pittsboro ……………………………………..2,386 5 LARGEST EMPLOYERS employees(1) Redcats USA (Brylane Home) …………2,300 Hendricks Regional Health……………….1,350 Q-Edge /Foxconn …………………………..1,200 Duke Energy………………………………….1,000 Brightpoint……………………………………….936 COUNTY MSA(2) Population 134,558 1,695,037 Median age 35.7 35.6 Households 51,269 […]

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