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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 […]
In a campaign rolled out this week, the Indiana Pacers are trying to spur ticket sales by selling their 11-game Slam Dunk Sampler for the price of eight games. While sports marketers think…
Carmel resident Scott Drew has been indicted by a grand jury in Los Angeles for allegedly taking part in a scheme to secretly rehire workers of Ralphs Grocery Co. under false names and Social Security numbers. The 47-year old, now a vice president at Kroger Co., was an executive at Compton, Calif.-based Ralphs when he […]
Neither engagingly mysterious or particularly thrilling, “Sherlock Holmes: The Final Adventure,” the season opener for the Indiana Repertory Theatre (running through Oct. 11) offers a handsome but passionless production that lacks either a convincing threat or a committed style.
Despite…
Indiana auto parts plants will continue laying off workers and closing for at least another year, and the plants probably won’t bounce back when auto sales recover, projected for 2010, experts say. Rebecca Lindland, director of automotive research at Massachusetts-based Global Insight, said that when sales rebound, most of the increased production will emerge at […]
If the Employee Free Choice Act sounds unfamiliar, you arenâ??t alone. The proposed legislation is getting little
coverage this election cycle.
But the measure could emerge as a flashpoint in the next Congress as business and labor groups battle for
power.
Business…
Before the Indianapolis Colts beat the Minnesota Vikings on the field Sept. 14, they were schooling them off the field.
Vikings owner Zygi Wilf and his top lieutenants spent two days the week before…
As Congress began debating a $700-billion bailout plan for institutions stung by loose lending practices, C.P. Morgan sent this e-mail last week:
And in a separate…
For me, the very busy weekend included visits to two art shows in Bloomington prior to quality time with Bill Cosby at IU Auditorium–and the drive-time opportunity to listen to Ricky Ian Gordon’s new American opera “The Grapes of…
An Elkhart-based manufacturer of modular houses and commercial buildings has gone out of business, closing a plant in the northern Indiana city and another at Leola, Penn. Miller Building Systems Inc. tossed a total of about 200 employees out of jobs as a result of the decision, according to the South Bend Tribune. The company […]
Paul Shoopman could have sat on the sidelines savoring the fact that he sold his homebuilding firm in 2004, just months before the market began a calamitous slide. But that’s not Shoopman, who’d been building houses since 1971, the year he graduated from high school. His dad loaned him the money for his first lot, and co-signed for the construction loan. Shoopman built Dura Builders Inc. into Indianapolis’ fifth-largest homebuilder before selling it to Los Angeles-based KB Home. A little…
Looking east from the 27th floor of Chase Tower, lawyers at Bose McKinney & Evans LLP can clearly see their former offices at M&I Plaza. But the short distance didn’t make the firm’s traipse across Pennsylvania Street to its new home any easier. Just ask Vicki L. Bruce, the firm’s chief operations officer, who coordinated the cumbersome move that concluded Labor Day weekend. “You still have to load up a truck,” she said, “and it has to be staged properly.”…
Columbus philanthropist J. Irwin Miller’s family is poised to donate his majestic home to the Indianapolis Museum of Art,
provided it can raise millions of dollars to maintain the sprawling Bartholomew County property. IMA board members have given
CEO Maxwell Anderson the go-ahead to seek funding for an endowment to care for the home.
This isn’t a scene from a dystopic sci-fi novel, nor a recreation of a fascist act from a less tolerant time. It’s actually just one of many outlandish and exhilarating moments of Art vs. Art, an event gaining more attention with each annual incarnation. (This year’s is Sept. 26 at the Vogue). Art vs. Art is a painting competition and auction, where entering artists are each given identical canvases, art supplies, and four hours to complete a work. These entries…
During the Kenny C h e s n ey / Ke i t h Urban concert on Sept. 13, Lucas Oil Stadium passed its first test as a concert venue. Not acoustically-the sound ranged from barely acceptable to awful, depending on where you sat-but customer service-wise. Anticipating some problems, stadium management had set aside a number of seats for people who complained. When I went to the first-floor ticket window, they replaced my seats in Section 635-upper level, rear of…
