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Three-quarters of Indiana stocks for which short-selling has been banned have lost value since the ban took effect last week. Fifteen of the 20 Indiana financial services firms put on the list by the U.S. Securities and Exchange Commission on Sept. 18 have seen their shares drop. The SEC banned short-selling because of concern that […]
Zionsville-based Traders Point Creamery has named a former Ben & Jerry’s executive as president. Charles “Chuck” M. Green said he plans to double sales to more than $5 million within the next 12 months, possibly by forming a cooperative with farmers to supply milk from grass-fed cows. Traders Point produces organic cheese, milk, yogurt, ice […]
Itâ??s a rare person who enjoys the asset bubbles and boom-and-bust cycles that afflict the U.S. economy, most
recently the subprime mortgage crisis and implosions on Wall Street.
But Purdue University economist David Hummels contends that the United States deals with…
The Tucson Sidewinders are getting a new name and address. The AAA affiliate of the Arizona Diamondbacks next year will be the Reno Aces.
Indiana Pacers co-owner Herb Simon is an equal partner in…
A few months back, when blogging about an arts-centric Washington, D.C. visit, I mentioned that one of my most memorable college moments was a spontanious road trip to the city, including a silent midde-of-the-night walk through a tourist-free Vietnam Veterans Memorial.
As…
Ricker Oil Co. Inc. has reached an agreement to acquire all 32 BP convenience stores in the Indianapolis area. The buyer is an Anderson company that owns 29 Marathon and BP convenience stores, primarily in Fort Wayne and Anderson. Ricker said yesterday that the BP franchise will continue at most of the locations, which are […]
Thomas Healthcare Consulting, an Indianapolis firm that helps long-term care facilities with reimbursements from Medicare and Medicaid as well as other issues, has been acquired by BKD LLP. BKD is an accounting and consulting firm headquartered in Springfield, Mo. Financial terms were not disclosed. Robert Thomas, who founded Thomas Healthcare in 1989, is joining BKD […]
Eli Lilly and Co. can restore its image and improve its stock price by doing a better job of touting benefits of the drugs it sells and turning research into new products faster. That’s the strategy CEO John Lechleiter planned to lay out today during a lunchtime speech to the Economic Club of Indiana. IBJ […]
Indiana Business College is expanding outside the state for the first time in its 106-year history. The company plans to open a $2 million campus in Columbus, Ohio, in September 2009. The 15,000-square-foot facility will be built by Indianapolis developer Browning Investments and leased to the college. A site will be chosen from two potential […]
As officials predicted, only about 45 minutes was needed this morning to deflate the RCA Dome roof. The roof, which has hovered over the former home of the Indianapolis Colts, gradually fell to the floor as air was bled from ventilation ducts. More images from the event will be available at www.IBJ.com later today.
A funeral director is planning a â??greenâ?? cemetery west of Bloomington, where plots will be identified
by
small field stones tied to global-positioning coordinates rather than by traditional headstones.
Nathan Butlerâ??s Evergreen Forest Cemetery will look more like a natural landscape…
Indianapolis Colts tight end Justin Snow recently opened a family fun center—Snapperz Family Fun and Sports—at 6002 Sunnyside Road in Lawrence.
The 33,000-square-foot facility features a 24-foot climbing tower, bungee trampoline, laser tag, bowling…
Singers of a certain age often coast on nostalgia. The primary pleasure of attending one of their concerts isn’t so much the sound of their voice or the wit of their banter. It’s being able to say you saw them….
Today is deflation day for the 24-year-old RCA Dome. Former Mayor Bill Hudnut is scheduled to begin letting the air out at 10:30 a.m. The stadium was built for $82 million…
Capital Group Cos., the Los Angeles-based parent of mutual fund giant American Funds, said today that it plans to add enough space at its 24-acre campus in Carmel to support an additional 500 employees. If the privately held company were to fill the new buildings, total employment would come to 1,500 – a 50-percent boost. […]
Conseco Inc. Chairman Glenn Hilliard snapped up 89,100 shares of the company late last week – at about the same time CEO Jim Prieur bought 200,000 shares, regulatory filings show. Hilliard acquired his shares for $4.61 to $7 each; Prieur acquired his for $4.35 to $4.97. Conseco stock has been flagging since the Carmel insurer […]
The Best Buy store at West 38th Street and Moeller Road will move to a new location to be built in Centre West, the redevelopment project at I-65 and Lafayette Road, the Indianapolis-based developer, Centre Properties, announced today. Best Buy will join existing Wal-Mart, Shoe Carnival and Garden Ridge locations in the redeveloped retail center. […]
Software Engineering Professionals Inc. intends to spend $7 million on an expansion will result in hiring nearly 90 employees in addition to its existing roster of 71, Indiana Economic Development Corp. announced today. The Carmel company, which develops enterprise and Web-based software for aerospace, medical, defense and automotive customers, plans to finish the expansion within […]
Best Buy is among seven retailers joining a Wal-Mart Supercenter and Shoe Carnival at Centre West, a new shopping mall at I-65 and Lafayette Road, developer Centre Properties announced today. Also planning to enter the location are Verizon Wireless, Dots, GameStop, CheckSmart, Pike Plaza Dental and Myra Eyebrows. Centre Properties is headquartered in Indianapolis.
Sluggish sales of new heavy trucks have prompted parts supplier Accuride Corp. to switch out its president and CEO and lay off 392 employees, the Evansville company announced this morning. Directors have accepted the tendered resignation of John R. Murphy and named independent director William M. Lasky as interim president and CEO. Lasky is chairman […]
