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Rick Nisbeth, a prominent investment banker in Indianapolis before leaving the city in 2002, has retired from Citrus Bank in Boca Raton, Fla. Nisbeth, 60, was Citrus chairman, president and CEO. The bank is a subsidiary of CIB Marine Bancshares Inc., which is headquartered in the Milwaukee suburb of Pewaukee. CIB sold Citrus to 1st […]
Local marketing firm Three-Sixty Group created an unprecedented ad campaign for USA Gymnastics, aimed at capitalizing on this month’s Olympics. The campaign debuts today with an eight-page insert in USA Today. USA Gymnastics…
Twenty-three Indianapolis Star employees will be laid off as part of attempts by the newspaper’s parent, Gannett Co. Inc., to cut costs. President and Publisher Michael Kane told employees in a memo this morning that details about the layoffs would be forthcoming next week. The downsizing was necessary to counter a revenue decline that shows […]
Only Florida and Georgia lost more jobs than Indiana last month, the U.S. Department of Labor said today. Indiana saw a decline of 16,500 positions, with Florida losing 21,400 and Georgia, 18,900. The 0.6-percent loss for Indiana was 2nd worst; Alaska lost a slightly greater proportion of its jobs. Also in July, Indiana’s unemployment rate […]
Hill-Rom Holdings Inc., the giant hospital equipment maker, said today it has laid off 160 workers across its global operations, including about 50 at its headquarters in Batesville. The layoff amounts to fewer than 3 percent of Hill-Rom’s work force. Most were managers. The Batesville office attracts many workers from Indianapolis and Cincinnati, said spokeswoman […]
Here’s the overall vision for the new Zing restaurant at 543 Indiana Ave. By the way, I’m told the galvanized steel has to cure for one year before they paint it black. The restaurant should open in a couple weeks….
Joe Theismann has been inside every single National Football League stadium. The former quarterback and TV announcer said yesterday that the new Lucas Oil Stadium is a one-of-a-kind.
“I’m not saying it’s one of the best…
Parents and teachers for more than a generation have steered students toward college and white-collar work,
and few states need the graduates more than Indiana, which has one of the lowest levels of college attainment
in the country.
Lost in the…
Indianapolis-based CTI Group Holdings Inc. reported $533,412 in red ink in the second quarter after turning a $48,957 profit a year earlier. The company, which focuses on software for enterprise networks and telecommunication services providers, attributed the loss to ongoing costs to enforce its patents. CTI stock, which closed yesterday at 34 cents per share, […]
So were you there at the IBJ Night at the Movies screening of “American Teen,” the high school documentary shot in Warsaw,
Indiana?
Let us know what you thought of the film.
Indianapolis Motor Speedway CEO Tony George has been named 2008 “Motorcyclist of the Year” by Motorcyclist, one of the most widely circulated motorcycle magazines in the U.S., for his efforts to bring the…
Alvin T. “Kit” Stolen III has joined Salin Bank & Trust Co. as president and chief operating officer. Stolen, 52, was president and CEO of Union Federal Bank in Indianapolis until January 2007, when the bank’s transition to new ownership under Sky Financial Group Inc. of Bowling Green, Ohio, was complete. Sky was acquired in […]
Emmis Communications Corp. has cut an undisclosed number of positions from its magazine-publishing arm, the Indianapolis radio and publishing company said today. The positions, which amounted to 4.6 percent of its magazine staff, were eliminated through attrition in Indianapolis and through layoffs at other locations, spokeswoman Kate Snedeker said in an e-mail. Salaries of existing […]
Indy is becoming a hotbed for chain stir-fry restaurants. A popular player, Flat Top Grill, has signed a letter of intent with developer Kite Realty Group Trust to open a new…
Polaris Laboratories LLC, an Indianapolis company that analyzes oil, fuel and coolants, plans to create 80 jobs in the next six years, Indiana Economic Development Corp. said today. Polaris, which has 84 workers and is based at 7898 Zionsville Road on the far northwest side, will spend $1.65 million to add 10,000 square feet to […]
Companies are quietly planning expansion projects despite woes that continue to unfold in housing, finance and other hard-hit industries, Indianapolis-area economic development officials say. The officials’ experiences differ, but a couple of them contacted in a spot check say requests for information from expansion-minded companies are becoming more common, and another says activity hasn’t fallen […]
No, I’m not going to mock the costumed hoards that are converging on the Convention Center over the next few days for Gen Con. Instead, I’m just going to share some observations on the event, its people, and its…
Lucas Oil Stadium has nabbed lots of favorable reviews for its retro look, sliding widows looking onto downtown
and retractable roof.
Now a question.
What do you think about the Lucas Oil Stadium name painted in white on the black roof? Does…
The 500-employee office complex Cummins Inc. is building near its headquarters in downtown Columbus might have ended up in another state had the city not offered to pay for a new parking garage. The claim came Tuesday during Mayor Fred Armstrong’s mid-year State of the City report, according to The Republic of Columbus. Armstrong’s remarks […]
Poet LLC, a Sioux Falls, S.D., ethanol distiller, wants to build a fourth plant in Indiana, according to The Journal & Courier of Lafayette. The $260 million plant would be located at West Lebanon, which is west of Lafayette, and produce 115 million gallons a year. Poet operates sites in Jay and Madison counties and […]
