Incentives for Buckingham HQ?
The city is taking a second look at a tax abatement request for the historic Stokely-Van Camp building at 941 N. Meridian St. Developer Buckingham…
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Steak n Shake chief outlines turnaround plan
The Steak n Shake Co. has hired an executive to improve operating efficiency of its restaurants as part of an overall turnaround plan. The appointment of Dennis Roberts, formerly chief operations officer at Massachusetts-based Friendly’s Ice Cream, was announced in a letter issued late yesterday by Steak n Shake Chairman and CEO Sardar Biglari. Biglari, […]
IU AD search: Who’s on first?
Where Indiana University is with its search for a new athletic director is anyone’s guess. IU officials are better—much better—at misdirection plays than its beleaguered football team.
Yesterday, IU spokesman Larry MacIntyre told the…
The future of Chrysler
The latest unnamed source to discuss the future of Chrysler raises the possibility of the company being sold
off in pieces.
This, after it became public that General Motors is interested in Chrysler to snag desperately needed cash.
Nissan…
Pacers host historic concert
To celebrate the beginning of their 10th season at Conseco Fieldhouse, the Indiana Pacers will host the first outdoor concert in the venue’s history before the team’s home opener Nov. 1.
A free, 75-minute…
Were ‘Great Books’ a great idea?
The 54-volume Great Books of the Western World series, a set of books that sold more than a million copies in the 1950s and ’60s, was:
a. an empowering, groundbreaking effort to bring brilliant writing to the masses.
b. a sales stunt perpetrated by Encyclopedia…
WellPoint profit slips, beats expectations
Profit at WellPoint Inc. fell nearly 6 percent in the third quarter, but the company added 63,000 new customers during the period. On a per-share basis, WellPoint improved its profit by 10 percent, earning $1.60 per share compared with $1.45 a year ago. Those results surpassed analysts‘ expectations of $1.50 per share, according to a […]
Celadon profit rolls ahead on cost-cutting
Indianapolis-based Celadon Group Inc. defied a difficult trucking market to report late yesterday that it boosted profit 12 percent in its first fiscal quarter ended Sept. 30. Profit rose to $2.8 million, or 13 cents a share, compared with $2.5 million, or 11 cents a share, for the same period last year. Analysts surveyed by […]
City Market fires director
Indianapolis City Market has a new director after the board ousted Joe Dayan, who had overseen a dramatic transformation of the Indianapolis landmark from a glorified food court into more of a public market. It was simply “time for a change,” said Bob Whitt, the board’s president. He wouldn’t say whether the board was unhappy […]
Aearo expanding Plymouth operation
Aearo Technologies Inc., an Indianapolis company acquired nearly a year ago by 3M, plans to expand its operation in the northern Indiana town of Plymouth. The 25,000-square-foot expansion in Heritage Industrial Park is projected to result in 54 jobs in addition to the 90 now working in Plymouth. The manufacturer of goggles, earplugs and other […]
White River park getting $300,000 sculpture
The 500 Festival announced today that Donald Lipski, a nationally known artist whose work graces public buildings and plazas throughout the country, is creating a $300,000 sculpture for Celebration Plaza in White River State Park downtown. The sculpture will honor the Festival’s 50 years of celebrating the Indianapolis 500 Mile Race. Site development begins today, […]
Candid conversation with Dungy
Indianapolis Colts Coach Tony Dungy likes Democratic presidential candidate Barack Obama. That’s just one of the interesting nuggets from this morning’s IBJ Power Breakfast featuring Coach Dungy. The coach stopped short of saying…
Rich, poor growing apart
A new report says the gap between the rich and the poor is getting wider, and that the gap is biggest
in the United States.
The problem, of course, isnâ??t new. Broadly speaking, the greater oneâ??s education and skills,…
Marty’s party over in IRL
It’s official, kind of. Marty’s party in the Indy Racing League is over. Sources have told IBJ that IRL officials have asked driver and team owner Marty Roth (through intermediaries) to explore other options…
National City slashing 4,000 positions
Cleveland-based National City Corp., the second-largest bank in the Indianapolis market, reported more dismal results today and said it plans to cut 4,000 jobs over the next three years in a bid to save more than $500 million. The bank lost $789 million, or $5.86 per share, in the third quarter, its fifth consecutive quarterly […]
High school musical memories
Between the upcoming release of Disney’s “High School Musical 3” in theaters–as both an arts journalist and the father of teenage girls, I know a lot about HSM–and my kid’s own real life high school musical (Pike High School’s production…
State Chamber endorses Gov. Daniels
The Indiana Chamber of Commerce today endorsed Republican Gov. Mitch Daniels for re-election. It was the first time in the business group’s 86-year history that it publicly endorsed a gubernatorial candidate. “Gov. Daniels’ record of accomplishment, particularly in the areas of job creation, innovation and sound financial management, has been critical to our state’s success […]
Tax-sale bidders pass on Winona
The vacant Winona Memorial Hospital attracted no bidders at the Marion County treasurer’s tax sale late last week. The property, at 3232 N. Meridian St., comes with a tax lien of about $1 million. Treasurer Mike Rodman will put it back on the list for a sale Jan. 16. If the hospital attracts no bidders […]
Prasugrel uncertainty weighs on Lilly shares
Uncertainty over when, or if, the U.S. Food and Drug Administration will approve prasugrel, a blood-thinner Eli Lilly and Co. hopes will be its next blockbuster, has taken a bite out of the company’s already slumping stock. Lilly shares closed Friday at $32.20, down $2.18, or 6.3 percent. It ticked up this morning, to $32.68, […]
IU eyeing Oregon State AD
Indiana University may have a shorter list than expected for its soon-to-be-open athletic director position. The Oregonian is reporting that Oregon State University athletic director Bob De Carolis could be offered the job…