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VIEWPOINT: Let’s bring government into this century

In the early 1970s, employees at Xerox Corp. developed a breakthrough version of the desktop personal computer called the Xerox Alto. The innovation was quickly shelved by the company-everyone knew there was no market for a personal computer! It was later licensed to Steve Jobs along with a few other “orphan technologies” for $1 million in stock in his young company, Apple. The rest, as they say, is history. Xerox is still a solid company, valued at $17 billion. Of…

Regulators fight to assess health risks in local plant: Sensient Flavors files lawsuit to prevent inspection

Federal regulators specializing in chronic-disease prevention are attempting to investigate a west-side food additives manufacturing plant. But Sensient Flavors is fighting in federal court in Indianapolis to prevent their inspection. On July 14, Sensient sued the National Institute for Occupational Safety and Health, part of the Atlanta-based Centers for Disease Control and Prevention. Sensient Flavors is an Indianapolisbased subsidiary of Sensient Technologies Corp., a publicly traded Milwaukee firm that makes artificial colors, flavors and fragrances used in a variety of…

VOICES FROM THE INDUSTRY: Stock investing means navigating emotional mind fields

This has been a dizzy stock market, maybe even ill, but it isn’t terminal. Learning how to manage one’s own emotions while investing is an important part of success. And, the most crucial factor is practicing realism over optimism, instead of the reverse. Hope is helpful in most areas of life because it gives us optimism and a reason to live, but in the investment arena, it can quickly drive our portfolio into negative territory. Our desire for excessive investment…

Independent coffee shops feeling perkier than Starbucks

At a time when Starbucks is closing hundreds of stores nationwide, he and other local independent coffeehouse owners say they’re doing just fine, largely because they’re infusing their stores with personality and offering consumers an experience chain stores can’t replicate.

Big crowds greet IRL in Edmonton

The Indy Racing League’s foray into Edmonton is looking good.

Sources on the ground there for this weekend’s race report that IRL race signage and promotional material posted by city officials is evident along streets,…

BW3, Madame Walker & Adobo

Wow, what a busy day. First off: No luck so far snagging a rendering of the new Buffalo Wild Wings under construction along Washington Street…

UPDATE: Irwin shares soar after loan sale

Columbus-based Irwin Financial Corp. shares rose 25 percent this morning, in the first trading session since the company announced late yesterday that it was scaling back its exposure to the battered mortgage business. The parent of Irwin Union Bank said it had struck a deal to sell $1 billion of home equity loans to a […]

Walker Theatre board names developer

The Madame Walker Theatre Board said it has chosen a preferred developer for a mixed-use development and renovation of the historic venue on Indiana Avenue. Full Spectrum of NY LLC would lead the mixed-use development, which may include retail and restaurants, office space and a boutique hotel. The first phase will involve renovating and expanding […]

IRL drafts off NASCAR

Indianapolis Motor Speedway President Tony George’s open-wheel racing enterprise has gotten a boost from its fendered brethren that few outside racing circles are aware of.

So powerful is the connection between NASCAR and the…

Pike/Warren add to touring choices

In the previous blog, I listed the upcoming schedule for the Clowes Presents series. Well, Clowes Hall isn’t our town’s only presenter of across-the-arts-spectrum one-night-only touring talent.

Here are the 2008-2009 shows coming to town courtesy of the Pike Performing…

Clowes announces schedule

Some arts organizations create. Others present.

As to the latter, what Clowes Hall brings to town helps define the Indy arts season. So what do you think of this year’s “Clowes Presents” lineup?

Loudon Wainwright III and Leo Kottke (Sept. 27)
Hubbard Street Dance…

DynAmerica closing Muncie plant

The devastated auto market and lender pressure are forcing the closure of the 105-worker DynAmerica Manufacturing LLC auto parts plant in Muncie, according to The Star Press. The Muncie-based company, which makes seat belt parts, was acquired by Chicago private equity firm TMB Industries in 2005. It sought bankruptcy protection on July 18. The Muncie […]

Irwin to sell home equity loans for $1B

Columbus-based Irwin Financial Corp. said late yesterday that it has struck a deal to sell $1 billion of home equity loans to a New York firm and to securitize an additional block of loans with the same firm. The moves are part of a restructuring that refocuses the bank on small-business and branch-based customers. The […]

Jeffersonville mulls $100M downtown project

A new study recommends that the southern Indiana city of Jeffersonville build a $100 million hotel and convention center complex to help revitalize its downtown. The project should be financed with public and private funds and include 125,000 square feet for the convention center, 275 hotel rooms and a 1,000-vehicle parking garage, the News and […]

Vectren unit to make electricity from landfill gas

Energy Systems Group, an arm of Evansville-based utility Vectren Corp., said today it plans to use gas from a southwestern Indiana landfill to power an electrical generator. The company is tapping gas from Veolia ES Blackfood Landfill near Winslow with the aim of generating 1.6 megawatts initially and building to 3.2 million megawatts – enough […]

Man arrested for offering bogus investments

Indianapolis police have arrested an Indianapolis man for allegedly operating a Ponzi scheme. Phillip Moore faces 36 felony counts for guaranteeing high rates of return on loans over short time periods, and then not paying out the returns or writing checks that bounced. Working through a business called Moore Business Group, Moore promised a 20-percent […]

Indians hit home run with sponsors

At a time when many professional sports teams and properties are seeing their revenue drop in the wake of a rocky economy, the Indianapolis Indians this year have seen a nearly 18 percent…

Children’s Museum plans $15.7M expansion

The world’s largest children’s museum is about to get bigger. The Children’s Museum of Indianapolis has filed plans to build a $15.7 million expansion that will add 37,500 square feet of space including a new welcome center, bus driveway and bike port. The project is slated to begin in the next few months and finish […]

UPDATE: Lilly execs questioned about future

Second-quarter sales and profits rose by double digits for Eli Lilly and Co., but overhead increased just as fast as the company worked feverishly to find new revenue sources before key patents expire. Investors yawned today after the Indianapolis-based drugmaker met Wall Street expectations of 99 cents per share. Lilly shares inched up 68 cents, […]