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Commentary: Wishing Nat City a speedy recovery

On June 19, The New York Times business section led with an article titled, “Regional Banks are Rocked.” The accompanying graphic indicated that National City Bank lost 86 percent of its market value since the beginning of this year. No wonder. The news has not been good. On June 10, Peter Raskind, chairman and CEO of National City, acknowledged publicly that on Feb. 5, the bank had been placed under a memorandum of understanding by the comptroller of the currency….

‘Move heaven and earth to serve your customers’: LESSONS LEARNED

When the late Joe O’Malia ran a small Broad Ripple grocery store in the 1950s, customers occasionally would request items the store didn’t carry. Instead of turning them away, he gave his son Danny a fistful of change and an unusual order. “He would say, ‘Here’s 18 cents, go run down to Kroger'” and get it there, Danny O’Malia recalled. “He was taking care of [the customer] even though I had to work a little harder, and he had to…

THE TRAVELING LIFE: Visiting Katmandu, Nepal: The unrest of the story

Upon arrival in Katmandu, Nepal, we learned from our tour guide that the American Information Agency was bombed the day before, causing the peace corps representatives to be evacuated, along with the families of all U.S. Embassy staff. Maoist terrorists abducted 700 students and boycotted the city, closing down a dozen industries with a strike, killings and riots. The King dissolved the government, declared a state of emergency and imposed a curfew. The royal massacre of the then King and…

Plea deal raises questions about ice firm’s local clout BEHIND THE NEWS:

Plea deal raises questions about ice firm’s local clout BEHIND THE NEWS Home City Ice Co. has a stranglehold on the Indianapolis-area ice market. Good for the company, you say? Not if the Cincinnati-based ice powerhouse avoided competition through old-fashioned, monopolistic shenanigans. Whether Home City did is a reasonable question to ask in light of the June 17 announcement that the company has pleaded guilty to conspiring to suppress and eliminate competition in the Detroit and southeast Michigan ice markets….

Networks help practices extend their reach:

Outside of Indiana, the local law firm of Bose McKinney & Evans LLP has a nominal presence in Washington, D.C., and Raleigh, N.C. Yet, the midsize practice with roughly 130 lawyers in Indianapolis is handling an immigration issue for a fellow firm in India and is encouraged about prospects in Argentina, Colombia and Puerto Rico. Global gigs typically are reserved for larger rivals with an international scope. But scores of firms that want to expand their reach, without the risk…

Ailing Steak n Shake rehires ad agency, but will pact stick?

Local advertising powerhouse Young & Laramore signed a new contract with Steak n Shake, one of its flagship clients, just
two weeks ago, but ad industry observers can’t help but wonder if the 18-year-old relationship is about to run its course.
Before the ink on the contract was dry, the struggling hamburger chain had a new board chairman who is likely to shuffle Steak
n Shake’s executive suite and take the company in a new direction.

Henry resigns as Star publisher

Barbara Henry abruptly resigned today as publisher and president of The Indianapolis Star, notifying the paper’s employees by e-mail shortly after 1 p.m. Even Star Editor Dennis Ryerson said he was caught off guard by the resignation. Her departure is effective Aug. 1. Henry, 55, did not indicate why she was resigning, but said in […]

AIT chief wins entrepreneurship award

The CEO of AIT Laboratories in Indianapolis has won a Midwest Entrepreneur of the Year award from Ernst & Young in the “turnaround” category. Michael A. Evans received the award at a gala in Chicago last night. Evans spent his savings to found AIT 18 years ago. Growth initially came slowly for AIT, which conducts […]

Meet Indiana’s new poet laureate

I know the suspense was killing you, so here’s some relief.

As of last week, Indiana has a new poet laureate. He’s Norbert Krapf, a St. Joseph’s College grad with an M.A. from Notre Dame. His name is on 21…

Is next IU AD obvious choice?

Now that Rick Greenspan has announced his resignation, it’s time to start speculating on who the next Indiana University athletic director will be. As a news reporter, I try hard not to interject…

Adesa to buy auction software developer

Carmel-based auto auction Adesa Inc. said yesterday that it intends to buy the 82 percent of Live Global Bid Inc. it doesn’t already own. Headquartered in Moose Jaw in the Canadian province of Saskatchewan, Live Global Bid offers software Adesa uses to broadcast auctions over the Internet. The sale price was not disclosed. Adesa said […]

Infill coming to Fletcher Place

A local firm plans to break ground soon on two new infill buildings in Fletcher Place. The $1.7-million development, called Fletcher Place Terrace, will be built on…

Draft picks could draw boos, cheers

With the NBA draft just a few hours away, the rumors are running rampant. Speculators have any number of players going to the Indiana Pacers. Some of the projected selections are sure to have fans at tonight’s draft party at…

Mayor Ballard, arts patron

When I attended last night’s sneak preview of the “On the Road Again…” exhibition at the IMA, there was Mayor Ballard.

When I attended Gregory Hancock Dance Theatre’s “Hooray for Bollywood” performance at Pike Performing Arts Center, there was…

Fuel costs could nip flights at 3 Indiana airports

Airports in Evansville, Fort Wayne and South Bend are in danger of losing air service due to the rising cost of aviation fuel, says a study released yesterday by a consumer group. The Business Travel Coalition, which advocates for lower business-travel costs, today planned to discuss the 50 regional airports identified in its study during […]

Likely no shoe deal for Pacers pick

If IU’s Eric Gordon doesn’t get drafted by the L.A. Clippers at No. 7, he might find himself standing at the counter of The Finish Line buying shoes like everyone else.

Well, it probably…

Progress with entrepreneurship

Compendium Blogwareâ??s announcement today that it raised $1.6 million in private funding is another brick in
the wall as the Indianapolis area and the state continue their push to build a culture of entrepreneurship.

Investors are showing more interest…

Six execs of Steel Dynamics unit resign

Eight months after Steel Dynamics Inc. acquired the scrap steel recycler OmniSource Corp., six OmniSource executives have resigned. Three of the six were members of the Rifkin family, which sold OmniSource to Steel Dynamics for $1.1 billion, according to The Journal Gazette of Fort Wayne. Fast-growing Steel Dynamics and OmniSource both are in Fort Wayne. […]