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IU makes plans to hatch more businesses: Incubator in Bloomington hopes to duplicate success of local Emerging Technologies Center
Ground should be broken late this month or in early November, with completion expected by summer. Cost of the 40,000-square-foot facility-4,000 square feet smaller than the one here-is estimated in the $8 million to $10 million range. While it may be a bit smaller in size, the scope is broader. The new incubator will promote both life sciences companies and information technology firms. That goal differs from the mission of the existing IU Emerging Technologies Center on 10th Street, which…
Rooney’s death spawns uncertainty for struggling insurance company, not-for-profit
After the unexpected death of insurance magnate J. Patrick Rooney, two organizations he led until the day he died are scrambling
to figure out who will lead them into the future.
SPORTS: Pacers look to their roots to reconnect with fans
On Oct. 8, the Indiana Pacers are going to treat us older folks to a nostalgic trip. They’re going to take on the New Orleans Hornets in a preseason game at the Pepsi Coliseum. Before things like corporate naming rights came along, it was simply known as the Coliseum. It was that “other” basketball venue in town, playing second fiddle to Butler (now Hinkle) Fieldhouse. But when the Pacers entered the American Basketball Association and began dribbling those red, white…
Greenwood company hits it out of the park: Big League Tours tripled its revenue this year
While most Major League Baseball fans are focused on this year’s playoffs, local entrepreneur Glenn Dunlap is already thinking about next year. Dunlap formed Greenwood-based Big League Tours in 2006, offering group trips to big-league baseball games and other related attractions. One such trip took swings through games at Fenway Park in Boston, Yankee Stadium in New York, and the baseball Hall of Fame in Cooperstown, N.Y. Other trips hit fabled ballparks in Chicago, St. Louis, Milwaukee and San Francisco….
Local money managers’ advice: Don’t lose your nerve: Top wealth advisers eye opportunities for investment gains, tax savings in wake of recent Wall Street unrest
In a market this topsy-turvy, it’s tempting to panic. Few know that better than Indianapolis’ top investment managers, whose phones these days are ringing regularly. Spooked by Wall Street’s credit crisis, investors are gloomily contemplating asset-allocation strategies that involve stashing cash under mattresses. That would be a huge mistake, local experts warn. Even in tough times, every investor can limit losses. And with savvy help, there are gains to be made. But first, perspective is necessary. “As these events unfold,…
Arcadia banking on DailyMed: Company hopes product sales can help it escape debt, lift stock
When Arcadia Resources Inc. moved from Southfield, Mich., to Indianapolis last fall, the Indiana Economic Development Corp. crowed with pride. In exchange for incentives worth more than $6 million, the state had landed the headquarters of a publicly traded life sciences firm with more than 5,000 employees. Even better, the company was ready to launch an innovative new product that promises to improve home health care while simultaneously reducing its cost. A year has passed, but investors still aren’t as…
Pangea Lingua suddenly says adieu: Translation firm had served Indiana’s largest companies
Not long ago, translation firm Pangea Lingua was one of Indianapolis’ womenowned-business success stories. Its founder, Tamra Lewis, was named to IBJ’s “40 Under 40” list in 1999. Over the next few years, lengthy profiles followed in the pages of The Indianapolis Star and on the cover of Indianapolis Woman magazine. Yet suddenly, the company is out of business-apparently in part because other firms were undercutting it on price. Lewis, who’s in her early 40s, did not return calls left…
EYE ON THE PIE: Crisis pits fairness against urgency
As these words are written, we do not know what Congress will decide to do about the mortgage mess. But it is clear folks are angry about the inequity of rescuing borrowers, lenders or traders with funding from the pockets of the innocent. Among the “villains” are home buyers who took on mortgages they could not afford. Also marked for sanctions are over-eager lenders, highly paid executives, and those who dealt in “innovative” financial products linked to mortgages. Those who…
You-review-it Monday
For me, the weekend (I’m counting Thursday evening in this) included a stop at “Chocolate: The Exhibition” at the Indiana State Museum, a visit to Indianapolis Opera’s “Il Trovatore” at Clowes Hall and, in between, a run to Dearborn, Michigan,…
Helio case could engulf NASCAR
Indy Racing League officials are about to find out if the old adage “There is no bad PR” holds true. The tax dodging scandal involving Helio Castroneves is about to get ugly. Very,…
Lilly cancer drug deal worth up to $520M
Indianapolis-based Eli Lilly and Co. will pay privately held Deciphera Pharmaceuticals LLC of Lawrence, Kan., as much as $520 million to develop and win regulatory approval for four types of cancer drugs, Bloomberg News reported.The companies will collaborate to develop cancer drugs using a Deciphera discovery that seeks to inhibit an enzyme linked to cancer […]
Still no agreement for Lin TV, Bright House
Officials with Rhode Island-based Lin TV Corp., the parent company of WISH-TV Channel 8, and Bright House Networks were still huddled together as of 11 a.m. trying to iron out an agreement that would put the local channel back on the cable dial.Officials for Bright House-which has 125,000 central Indiana subscribers-have refused to pay what […]
Denver sniffing at Tinsley
At last, there could be a team interested in trading for Indiana Pacers castaway guard Jamal Tinsley. League sources said the Denver Nuggets are interested. Nuggets officials like Tinsley’s defense and think he…
Finish Line CEO, co-founder to retire
The co-founder of The Finish Line Inc. plans to step down as CEO in December, the locally based athletic apparel retailer said this morning. Alan H. Cohen will retire on Dec. 1, after 32 years at the company. He’ll remain as the chairman of the board.Glenn S. Lyon, Finish Line’s president, will assume the role […]
What new TV season?
The fall TV series is off and running. Well, not running. Stumbling is a better word.
What used to be an exciting time in TV land is now, well, just ask yourself when the last time was that people in your…
WISH-TV signals go silent on Bright House cable
Bright House Networks has stopped transmitting signals of three local TV stations owned by Lin TV Corp., including WISH-TV Channel 8, after the parties failed to agree to extend their current deal. Rhode Island-based Lin, which also owns WNDY-TV Channel 23 and WIIH-TV Channel 17, had complained that Bright House refused to negotiate. Bright House, […]
Work caused your injury? Prove it
The Indiana Court of Appeals ruled this week that an amendment passed by the Indiana General Assembly in 2006 puts the onus on employees to prove workplace injuries were caused by work conditions and not their existing medical conditions. The unanimous decision affirmed the intent of the Legislature to shift the burden of proof to […]
August home sales plummet
Sales of houses in the Indianapolis area dropped nearly 18 percent in August compared with the same month a year earlier, according to the Metropolitan Indianapolis Board of Realtors. The 13-county region generated 2,350 sales compared to 2,852 in August of 2007 year and 3,204 in the same month in 2006. The decline wasn’t just […]
Credit mess puts Ralston on hold
A $60 million project slated for South Street between Meridian and Pennsylvania streets is on hold until credit markets return to some semblance of normal, the developer…