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Hitting the BIG TIME: ‘Big Joe’ Clark building national rep as investment commentator
The Anderson money manager known as “Big Joe” got his start as an independent insurance agent in Lafayette. He had been on the job just two weeks before Black Monday struck Wall Street in October 1987. The market shed more than 22 percent of its value, the largest one-day decline in U.S. history. With no clients and no money, the 20-year-old temporarily left the insurance industry and landed a job at AT&T’s old Western Electric division, helping rewire Ball State…
You-review-it Monday
So how was your weekend?
For me, it included a run to Ball State to visit its art museum and check out the student production of the music “Violet” (a show I’ve wanted to see for years that I, unfortunately, missed…
Lilly anticipates prasugrel decision today
Eli Lilly and Co. will learn a lot about its future today. The U.S. Food and Drug Administration is scheduled to rule on Lilly’s new blood-thinner prasugrel today after a nine-month review of clinical trial data. If approved, prasugrel will go on the market immediately under the name Effient. Prasugrel is the first big test […]
Anderson economic development funds tight
Anderson officials fear they will lose an economic development prospect because tax constraints imposed by the Legislature have crimped the amount of incentives the city can offer. Mayor Kris Okomon mentioned the shortfall in a recent political meeting, saying the city might lose the competition for a foreign alternative energy company. Linda Dawson, who leads […]
Cultural void at the debates
Check out this smart Los Angeles Times piece about the “well, duh” observation that culture won’t be a subject for any question during the Presidential debates.
“If I were moderating tonight’s TV debate,” writes Times art critic Christopher Knight, “…
Velodrome becomes slippery slope
You have to give the folks at Indy Parks and Recreation credit for creativity. How many people would consider turning a world-class sporting facility into a glorified sledding hill and hope to profit from it? Shiver…
Evansville may lose Mead Johnson home base
Mead Johnson Nutrition Co., the unit of Bristol-Myers Squibb Co. that is being spun off as a separate company, is considering moving its headquarters out of Evansville. Mead Johnson, which makes Enfamil and other baby food products, wants better access for international travel, according to the Evansville Courier & Press. About 40 to 60 employees […]
Finish Line profit beats expectations
Indianapolis-based Finish Line reported a second fiscal-quarter profit of $13.1 million yesterday, after posting a $1.8 million loss a year earlier. The 24-cents-a-share profit in the period ended Aug. 30 was better than the 17 cents anticipated by analysts surveyed by Thomson Financial. Sales increased 3.9 percent, to $353.3 million-barely meeting expectations. Sales at stores […]
Then & Now: The Dome
From architect Bob Hague: “I was a graduate architect just out of school responsible for building the study model, developing the construction documents and construction administration. Was involved in the project for 3 years. The rooftop tours are from 1983…
Parks district to reuse RCA Dome roof
The Indianapolis Department of Parks and Recreation imagines a future where pieces of the RCA Dome roof are sprinkled throughout the city as everything from picnic shelters to shades for pool lifeguards. Director Stuart Lowry said the district hopes to salvage as much of the seven-plus acres of roof as can be taken down safely […]
Business community honors Fisher
Indy Racing League driver and team owner Sarah Fisher this afternoon was honored at the fifth annual Indy’s Best & Brightest under 40 Awards in front of a crowd of 650 business professionals…
Many Indiana stocks decline despite ban
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 […]
Traders Point hires former Ben & Jerry’s exec
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 […]
Stability versus boom-and-bust
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…
Herb Simon moves team to Reno
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…
On the Pentagon 9/11 memorial
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…
Anderson firm to buy 32 Indy-area BP stations
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 […]
BKD buys Thomas Healthcare Consulting
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 […]
Lilly chief outlines plan to boost stock, image
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 […]