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Oesterle buys church for Indianapolis Opera
Angie’s List co-founder and CEO Bill Oesterle has purchased the Holy Trinity Greek Orthodox Church building in Meridian Kessler for nearly $1.5 million and leased it to the Indianapolis Opera to use for rehearsals, educational programming and smaller performances. The opera still will perform its mainstage productions at Clowe’s Hall and won’t move into the […]
Has George doomed open wheel?
Officials for the Indy Racing League are pretty pleased with the way the first half of the season has gone. Last week at Watkins Glen, they announced yet another new series sponsor, Izod. Earlier this year, IRL officials inked deals…
Your summer reading list
At the top of my reading pile right now is Doug Crandell’s new novel “Hairdos of the Mildly Depressed.” Crandell has Indiana roots, a big heart, and lots of talent and I’m looking forward to gliding into this one.
It will…
Emmis investor castigates director Susan Bayh
By Norm Heikens Susan Bayh, lead director for Emmis Communications Corp. and wife of U.S. Sen. Evan Bayh, has been blistered in a letter from an Emmis investor who says she isn’t taking proper responsibility for her board seat. Frank Martin, senior partner in Elkhart-based Martin Capital Management, said Bayh is indirectly responsible for a […]
IU gets grant to expand Purdue partnership
The Indiana University School of Medicine has received $1.25 million from the National Institutes of Health to expand a partnership with Purdue University to train physician-scientists. The grant is one of 40 given nationally by the NIH. The IU-Purdue program leads to both a medical doctorate and a Ph.D. degree. IU accepts only five students […]
UPDATE: Emmis shares slide after report
Stock in Emmis Communications Corp. dropped 15 percent this morning, to $1.70, after the Indianapolis radio broadcaster and magazine publisher reported a loss greater than Wall Street expected. The Indianapolis radio and magazine publishing company said its net loss narrowed to $1.1 million in its first fiscal quarter ended May 31 from $1.9 million in […]
Awarding high school theater?
Forgive the randomness of today’s posting. I’m in a clearing-my-desk frenzy before taking off tomorrow afternoon for a family trip to the Jersey shore. (Thank goodness I have some LA Theatre Works plays on tape to get me through…
Kempton is red-hot
Ever heard of Kempton? Itâ??s a burg between Indianapolis and Kokomo that just happens to be the second-fastest
growing town in the state.
Kemptonâ??s population last year was 716, an increase of 27 percent in just one year, according to an…
Copper Moon buys Coffee Etc. from Crystal
By Jennifer Whitson Florida-based Sun Capital Partners continues to sell off pieces of Crystal Food Services, a division of Marsh Supermarkets. Today, locally based Copper Moon Coffee LLC announced that it has purchased Coffee Etc., a division of Crystal Food Services that supplies equipment, coffees, teas, water and flavored syrups to business and convenience store […]
Lilly investing in venture to speed drug discovery
By J.K. Wall Eli Lilly and Co. is contributing to a $39 million pot of money to fund a startup that will develop tools to speed discovery and development of new drugs. Lilly has joined with rivals Pfizer Inc. and Merck & Co. Inc, as well as Boston venture capital firm PureTech Ventures LLC, to […]
UPDATE: Toyota shuffling production at Princeton
Toyota Motor Corp. said today it will stop making Tundra pickup trucks at its plant in Princeton and consolidate production at its new pickup plant in San Antonio. The Indiana plant, which opened 10 years ago, instead will begin assembling the Highlander mid-size sport-utility vehicle in fall 2009. Toyota planned to make the Highlander at […]
IU student, alum, sue Steve & Barry’s
Two Indiana University friends who sold Steve & Barry’s LLC t-shirts through a company they started have sued the struggling retailer for $12,300 they say they are owed. Finance major David Modiano and Matt Kesten, a New York advertising salesman who graduated last summer, say Steve & Barry’s hasn’t paid them for “Sampsonite” t-shirts their […]
Could Manning abandon Colts?
The Brett Favre saga in Green Bay had the guys on ESPN Radio yesterday morning discussing the possibility of the all-pro quarterback playing for another team next season if he comes out of…
Two more indicted in alleged mortgage fraud
By Norm Heikens A federal grand jury in Indianapolis has charged two more individuals in an alleged mortgage scheme, the U.S. Attorney’s Office for the Southern District of Indiana said yesterday. Timothy Hampton and Mia Weir made down payments on houses on behalf of buyers and assured the buyers that tenants would be found who […]
IRL draws record crowd at The Glen
The Indy Racing League race July 6 at Watkins Glen drew a 1.0 overnight TV rating, meaning 1 million households nationwide tuned in, according to Nielsen Media. That is the same rating as last year. This year’s race aired on…
Wells Fargo buys American Med-Scan
Carmel-based American Med-Scan has been acquired for an undisclosed price by Wells Fargo Insurance Services Inc., Wells Fargo announced today. American Med-Scan’s operations will be merged into the insurance brokerage’s local offices. The deal brings Wells Fargo Insurance operations in the state to 38 banking stores, 10 mortgage stores and 15 consumer finance stores, a regional commercial […]
Conseco unit hit with class-action suit
By Chris O’Malley A resident of Broward County, Fla., has filed a class-action lawsuit against a Conseco Inc. unit that allegedly failed to pay the maximum benefit for home health care insurance. Anna M. Cohen, in the July 2 case in U.S. District Court for the Southern District of Florida, seeks more than $5 million […]
UPDATE: Telamon plans to double local headcount
Carmel-based telecommunications firm Telamon Corp. announced this morning that it plans to add 250 jobs by 2012 and invest $3 million to update its local operations. The expansion would roughly double the 259 employees now at Telamon’s Carmel headquarters. The Indiana Economic Development Corp. offered $1.25 million in performance-based tax credits and up to $230,000 […]
Incentives as a way of life
Competition for jobs and investment has become so fierce that companies with a good growth plan are firmly
in the driverâ??s seat.
A local example is Bowen Engineering Corp., which is asking for $290,000 in incentives from Indianapolis to
move its…