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BEHIND THE NEWS: Steely-nerved investor double dips on ITT stock

Richard Blum is a former mountain climber who once led an Everest expedition. In his day job as a professional investor, he’s almost as daring. Twice in the last four years, his San Francisco-based money-management firm, Blum Capital Partners, has bet big on locally based ITT Educational Services at times other investors were terrified of the stock. Blum, husband of Democratic U.S. Sen. Dianne Feinstein, began scooping up shares in the for-profit education company in February 2004-one day after federal…

Cancer taking lead role at IU: New hospital aims to boost reputation, research

To glimpse the priority list of the honchos running the Indiana University medical complex, drive west along Michigan Street and look north toward the IU Hospital. The 38-year-old facility is now nearly totally eclipsed from view by a sparkling, $150 million addition to the IU Simon Cancer Center, which stretches steel, glass and stone across an entire block between University Boulevard and Barnhill Drive. By bulking up its cancer care and research, IU leaders hope to improve the prestige of…

10 local Starbucks will be among 600 nationwide closings

At least 10 local Starbucks stores are slated to close by early next year as part of a 600-store nationwide purge. The chain
has named only 50 of the stores it plans to close, including two in Indiana, but it has notified the others. Those include
at least six in Indianapolis and stores in Carmel, Greenwood and Beech Grove.

CMG Worldwide takes tussle over vintage baseball cards to court

New York Yankees first baseman Lou Gehrig died in 1941 of a disease that came to bear his name. Six years later, second baseman
Jackie Robinson famously broke through baseball’s color barrier with the Brooklyn Dodgers, earning the league minimum $5,000.
He died in 1972. Mark Roesler believes the best earning years still lie ahead for both legendary players, as well as many
others like them. But first he must untangle their image rights in federal court in Indianapolis.

Carmel’s play for the arts: Some fear it will come at Indianapolis’ expense

The $80 million-plus Carmel Performing Arts Center, a neo-classical-styled concert hall designed to be an acoustical masterpiece, is still two years from opening. But it’s already the source of some dissonance in the Indianapolis arts community to the tune of Mozart’s String Quartet No. 19, in C major. On one hand, Indianapolis-area performing arts groups would sacrifice to theater god Dionysus for a chance to perform at the 1,600-seat music hall or at its adjacent 500-seat theater. But others fret…

RETURN ON TECHNOLOGY: Are applicants snickering over your want ads?

One of the biggest complaints techies have about employers is how their want ads are written. Some techies avoid certain jobs on the basis of their ads alone. It may come as a surprise to HR professionals, but in many cases their ads are received with mingled mirth and sarcasm. There are many sins the want ads commit. One of the most common is just general cluelessness. I’ve seen want ads that request 10 years of experience with a product…

ECONOMIC ANALYSIS: No simple solutions for our property taxes

There has been a common theme in many of the recent op-ed pieces in newspapers throughout the state: Our tax system is hard to understand and full of unnecessary complexities. I disagree, although there was a time when I also worried excessively about the intricacy of the tax system. But now that I am older, wiser and have come to understand that simple answers are usually helpful only for simple problems, my concern has abated. Here’s why: The real angst…

FUNNY BUSINESS: You’ll know really bad drivers when you see them

A reader recently forwarded an e-mail ranking the worst American drivers by city, along with the suggestion “Make fun of this.” While I usually don’t respond to such directives, this case was different, seeing as how it came from my mother. You know how it is. Anyway, here we go-a column about the worst drivers in America, as ranked by a well-known insurance company and recommended by Mom. The Top 10 “Where-Did-These-People-Get-Their-Licenses?” cities are: Columbia, S.C.; St. Louis, Mo.; Greensboro,…

You-review-it Monday

So how was your weekend? Did you go through some “Transformations” with ShadowApe Theatre? Take a trip down the yellow brick robe to see “The Wiz”? Take in a Black Expo Summer Celebration concert? Check out Chakaia Booker’s downtown artwork?…

NASCAR sponsors eyeing IRL

Subway restaurants won’t be the last NASCAR sponsor racing to the Indy Racing League, according to motorsports marketing experts.

An idea that seemed laughable a year or two ago is now reality. Subway, a big-time NASCAR sponsor, this week announced it…

Jarrett Engineering expand its headquarters

Jarrett Engineering Co., which designs machines and tooling used in manufacturing plants, plans to add to its headquarters at 1011 N. Pennsylvania St. and add nearly 40 employees by 2012 – doubling its head count. Jarrett received $225,000 in tax credits and training grants from the state based on hitting job-creation targets. Its customers are […]

UPDATE: Starbucks closings could hit 200 workers

At least 12 local Starbucks stores are slated to close by early next year as part of a 600-store nationwide purge. The chain is closing eight stores in Indianapolis and stores in Carmel, Greenwood, Beech Grove and Plainfield. About 200 people in central Indiana could lose their jobs in the move since each location employs […]

Beware of buying ‘flood’ cars

More than a month has passed since the June 7 floods inundated much of southern Indiana, plenty of time
for unsuspecting consumers to buy once-soggy vehicles.

The flooding was a drop in the bucket compared to what hit New Orleans and…

Cook name returns to airport street, terminal

The Indianapolis Airport Authority this morning stopped short of bringing the name of World War I flying ace Weir Cook back to Indianapolis International Airport, but compromised with supporters by tagging a major street and the new midfield terminal with the name. The road leading into the airport will be called Col. H. Weir Cook […]

Did airport decision split the baby?

As expected, the airport authority has opted to put Weir Cooksâ?? name on a major street leading to the new
terminal as well as the terminal itself.

Would the airportâ??s brand equity have been eroded had the board renamed…

Dick Lugar makes The Onion

A little light reading for the day, care of The Onion.

It’s the senator’s first appearance in the satiric newspaper since this story in 2004.

Enjoy. Just don’t forward these as real news, please.

Muncie call center adding 200 jobs in expansion

Lifetouch Inc., one of the nation’s largest portrait photographers, plans to consolidate call centers elsewhere in the country into its Muncie operation, resulting in a building expansion and 200 additional workers over several years, according to The Star Press of Muncie. About 7,700 square feet will be added to its 12,700-square-foot facility in Morrison Mock […]

Buckingham gets rights to develop apartments

Indianapolis-Marion County Public Library officials last night voted 7-0 to pick Buckingham Cos. to redevelop the Ambassador apartment building adjacent to Central Library downtown. The Indianapolis property management also was awarded two other nearby properties. Renovations could begin by the end of September or early October, said Andy Klineman, Buckingham’s senior legal counsel. “It’s just […]

Terre Haute lands call center, 480 jobs

N.E.W. Customer Service Cos. Inc. plans to locate a customer support center in Terre Haute, and create 480 jobs by 2011, Indiana Economic Development Corp. announced today. The Sterling, Va., company will hire employees for the Terre Haute location who will work from home to help callers fix problems with DirectTV satellite television service. Privately held […]

Time to say adios to Bush Stadium

Yankee Stadium, the House that Ruth Built, the home of 26 World Series Champions, a pillar of the Big Apple since 1923, will be demolished next spring.

Yet Indianapolis refuses to put Bush Stadium…