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More than 260 workers have accepted early retirements or buyouts at General Motors Corp.’s metal-stamping plant, a GM spokesman said today. That amounts to 24 percent of the work force at the plant west of downtown, leaving 833 employees, said spokesman Fred Cox. The departures are effective July 1. Some new employees are expected to […]
The Indianapolis Indians had a big weekend. The Indians won two out of three from Rochester but all three games were monetary winners for the AAA minor league baseball franchise.
Mostly blue skies along…
Okay, so what did I miss?
Anyone visit the ISO on the Prairie, shop at the Eiteljorg’s Indian Market, participate in the 48 Hour Film Project or stop in at the Florie Leviton show at the Indianapolis Art Center?
What A&E encounters did you…
Zimmer Inc. is racking up sales of a knee replacement designed for women despite lingering concern in the medical community that the implant is mostly a sales gimmick. More than 24,000 of the implants have been sold since the launch of Gender Solutions in 2006, according to The Journal Gazette of Fort Wayne. The women’s […]
In the zeal to “go green,” new construction that uses sexy, high-tech ways to reduce energy consumption gets the most attention, but historic preservation has been green all along. The most e nv i r o n m e n t a l l y responsible approach is to conserve, not to waste what’s already built. I applaud the U.S. Green Building Council’s Leadership in Energy and Environmental Design process, and I hope to see preservation receive more favorable treatment…
Last summer, the United Way of Central Indiana decided it needed to go to school. The not-for-profit concluded that to achieve its goal of building stronger communities, it needed to supplement its human-service initiatives with a comprehensive focus on early childhood development and elementary education. “Our board decided we needed to elevate what we’re doing with schools and focus on root causes of why students don’t succeed,” said Ellen Annala, CEO of United Way. “If we don’t invest now when…
Undeterred by a rocky economy, locally based electronics retailer HHGregg is trailblazing into new markets on a quest to quadruple
in size. The firm’s “price and advice” mantra seems to be catching on. That’s no surprise to Jerry Throgmartin, a 33-year
veteran of Gregg who has served as the company’s chairman and CEO since 2003.
Conseco Inc. has won another round in court against former Merchants National Bank CEO James D. Massey this month, ringing
up a $29 million judgment against him in a court in Illinois. But Massey shows no sign of throwing in the towel in the years-long
litigation over millions he borrowed to buy Conseco stock. Massey was a director of Conseco from 1994 to 2000.
If you’re a hospital and a flood has just shut down your facility for months, how do you survive? Pretty much like a person who’s just lost a job. Put big projects on hold and raid the savings account. Columbus Regional Hospital, evacuated and closed on June 7 because of historic levels of flooding, has tapped $30 million it set aside for building projects. It is now using the money to pay employees while it’s closed. Wages and benefits for…
“Diversity” is a word that gets thrown around a lot these days. The pair of words “diversity management” might be more to the point. Diversity really is a fact of life. In terms of humankind, the world is made up of different kinds of people. And those differences go way beyond race, gender and ethnicity. People come from different backgrounds, believe in different religions, and have different sexual preferences, for example. Some are physically handicapped or mentally impaired. Our differences…
Great is the art of beginning, but greater the art of ending. -Henry Wadsworth Longfellow Next week, a moving truck will pull up at the Carmelite Monastery on Cold Spring Road. The hired hands will load the simple possessions of the nine remaining nuns and their dog, Lucy. Then Sister Jean Alice, Sister Terese, Sister Betty, Sister Ruth, Sister Helen, Sister Marcie, Sister Rita, Sister Anna Mary and Sister Rachel will lock the massive wood door, climb into cars and…
Emmis Communications Corp.’s newly filed proxy statement includes this unsettling disclosure: CEO and controlling shareholder Jeff Smulyan has 99 percent of the 5 million company shares he owns as collateral for a personal bank loan. “If Mr. Smulyan defaults on the line of credit and the pledge is foreclosed, the sale of shares…could result in a change in control of the company,” the proxy notes. Similar language appeared in the company’s proxy statement a year ago. But since then, the…
Joe Ruffolo learned a great deal over 35 years as an executive at PepsiCo., Squibb Corp., Reynolds Aluminum and North American Van Lines. Now running his own investment banking company, Fort Wayne-based Ruffolo Benson LLC, Ruffolo also holds seats on a halfdozen company boards. Executive compensation experts say that’s too much on one plate. Ruffolo is one of a handful of Hoosiers who serve as independent board directors of more than one Indiana-based public company. Experts say it’s an increasingly…
By conducting market research for some of the largest pharmaceutical companies in the world, locally based G&S Research Inc. has grown into a $10 million firm. But founders have even higher expectations for their G&S Discovery division, which was formed two years ago. Its flagship product, Navigrant, provides a database of government grant awards for national biomedical research. The total market worldwide for life sciences research is estimated at $45 billion. Navigrant has compiled information on 450,000 awards from 60…
The NCAA is considering bringing its men’s and women’s Division I, II and III championships together for one big festival
of swimming, and the IUPUI Natatorium is a leading candidate to be the permanent site of the annual event.
I’m sure you’ve noticed by now that the stock market is having a few problems. Your statements are getting a little harder to open, and it’s a little more difficult to stay interested in potential investments. I hear from some people, though, who haven’t lost all of their money yet, and they want to know what and when they should buy. My answer is the same as it has been since late September: nothing and not yet. But at this…
While I try not to be swayed by an enthusiastic crowd, this week it was difficult not to be influenced by my fellow audience members. Their passion, their support and their we’re-with-you-ness seemed to boost performers to greater heights everywhere I looked. And while a passionate crowd won’t ever convince me that a play or concert is a satisfying one, if I’m already enjoying a show, it’s that much better when everyone else seems to be too. This weekend of…
The phrase “Let’s do lunch” has taken on a new meaning over the past five years in the Indiana life sciences community. Since 2003, a who’s who of the biotechnology, medical device, pharmaceutical and other fields have gathered at the downtown law offices of Barnes & Thornburg LLP to meet and eat at the Life Sciences Lunch Series. A collaborative effort of the law firm and the Indiana Health Industry Forum, the monthly event provides a networking and education platform…
I recently was invited to attend a t ow n – h a l l – s t y l e debate between members of a local fire department and an a n t i – p r o p e r t y – t a x group. For those of you who are sporadic readers of this column, it is important for me to clarify that I have recently angered both groups. It seems my research on government…
After many years, my good friend the Rev. Bob arrived in Indiana. He’s been busy tending his flock at St. Lucifer’s in Kansas. After some traditional words of greeting and invocation, the Rev. Bob tore right into me. “How come you never write about positive ideas for helping Indiana get out of its economic doldrums? All you do is elaborate on the well-known truth that the Hoosier economy is a long-term mess.” “What would you suggest?” I asked. “Something no…
