IRL races into flood-plagued Iowa
Despite flooding which has ravaged the area, officials at the Iowa Speedway—30 miles east of Des Moines—expect the Indy Racing League race there to be sold out Sunday.
“Track officials are expecting another strong…
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Star names McKee replacement
It’s not easy filling the shoes of a 26-year news veteran. But Kristen Leigh Porter is going to try. Officials for the Indianapolis Star recently announced that Porter has been named to replace…
Specialty Coating Systems changes hands again
Indianapolis-based Specialty Coating Systems Inc. has been acquired for an undisclosed price by Berwind Corp., a Philadelphia-based private investment manager. Specialty Coating was owned by Bunker Hill Capital LP of Boston, which had acquired it from Rhode Island-based Cookson Electronics in December 2005. Specialty Coating has nine facilities in the Americas, Europe and Asia that […]
The death of the CD
Reports of the death of the CD aren’t exagerated.
Wired magazine reports that Apple’s ITunes store has sold over five billion songs.
Meanwhile, Price WaterhouseCoopers LLC released a report that sales downloaded songs will surpass that of CDs by 2010.
In…
Indy developer gets green light in Shelbyville
Cedar Run Investments LLC, owned by Indianapolis developer Tim Shrout, has received the go-ahead from the Shelby County Plan Commission to build an industrial park in Shelbyville. The project will target suppliers to the Honda Manufacturing of Indiana plant in nearby Greensburg. The commission voted Wednesday to rezone 100 acres from agriculture to manufacturing, according […]
Auto parts maker closing Scottsburg factory
Freudenberg-NOK is shutting down a brake-parts plant it operates in the southern Indiana town of Scottsburg, throwing 135 out of work. The work will be moved to Queretaro in central Mexico to cut costs and follow auto-making customers that are adding locations in the area, according to WHAS-TV Channel 11 in Louisville. Headquartered in the […]
Hundreds in Fort Wayne take GM buyout
More than 460 workers at General Motors Corp.’s pickup truck assembly plant in Fort Wayne are taking early retirement or a buyout offer as part of the automaker’s most recent round of buyouts. The workers will leave GM on July 1, according to The Journal Gazette of Fort Wayne. The plant has 2,700 employees. Some […]
BREAKING: Steak n Shake dissident named chairman
A dissident investor who promised to overhaul the struggling Steak n Shake Co. now will get his chance as the company’s chairman. Steak n Shake said today that Sardar Biglari has been appointed chairman, replacing Interim Chairman Wayne L. Kelley. Biglari and his San Antonio-based Lion Fund have been agitating for tighter cost controls, improved […]
DC: Backstage at the Kennedy Center
The latest in a serious of reports from the American Theatre Critics Association conference in Washington, D.C.
It’s past intermission, but I chose not to go back into the theater. Stomach issues, I claim. Truth is, I saw a much better directed, better…
NBC bets on ND to turn it around
Notre Dame is renewing its television contract with NBC.
The university and NBC announced today they have agreed on a five-year deal that runs through the 2015 season. The current contract—which paid Notre Dame…
Hendricks hospital launching $60M expansion
Hendricks Regional Health will spend $60 million to add 205,000 square feet to its Danville hospital, the system announced today. The expansion will begin right away with a scheduled completion in January 2010. At that time, Hendricks Regional will boast 789,000 square feet at its Danville facility. The new three-story wing will house six operating […]
LaCrosse Footwear adding warehouse in Lebanon
LaCrosse Footwear Inc., the Portland, Ore.-based seller of work and outdoor boots, has contracted with Browning Investments Inc. and ProLogis to build a warehouse in the Boone County community of Whitestown. The 380,000-square-foot facility will be located in Park 267, an industrial park that Indianapolis-based Browning and ProLogis are developing near State Road 267 and […]
IU’s Gordon appears headed west
The Indiana Pacers’ Larry Bird won’t have to worry about fan reaction if he doesn’t select Indiana University guard Eric Gordon with the team’s No. 11 overall pick in the June 26 National Basketball Association…
IU, Purdue to seek $70M for life science pact
Two years ago, Indiana University School of Medicine officials showed up at the Indiana Statehouse holding out their hands for $80 million. In exchange they promised to boost Indiana’s life sciences industries and train more doctors for the state. State lawmakers responded with a little money and a lot of homework. They gave IU $15 […]
Humane Society CEO steps down
Six years after taking the helm of the struggling Humane Society of Indianapolis, CEO Martha Boden has left the not-for-profit as the agency’s board looks to transform it into a “smaller, leaner organization,” Chairman David Horth said. “It became obvious to the HSI board, and to Martha, that it no longer made sense for any […]
DC: Dancing with Presidents
We’re on the stage of the National Theatre, rich in history but on the verge of irrelevance. With a mere 1675 seats, it’s difficult to compete for tours and concerts with the Kennedy Center and other larger houses.
This is…
Software startup to expand downtown
A new software company that’s developing music-teaching software plans to locate its headquarters in Stutz Business Center downtown and create 100 jobs by 2015. Musical DNA LLC will invest $2.3 million in the headquarters and development center, Indiana Economic Development Corp. announced yesterday. The company, which has 15 employees, received performance-based commitments of $1.1 million […]
Big Ten Network war takes toll
It appears that the Big Ten Network’s fight with Comcast Cable is about over.
IBJ reported May 2 that sources close to Comcast Cable and the Big Ten Network said that an agreement to…
Analysts: Flooding to sap barge builder
Flooding on the Mississippi River will wipe out second-quarter profit for American Commercial Lines Inc., analysts at Stifel Nicolaus said in a report yesterday. Stifel Nicolaus had anticipated profit of 10 cents a share; now, the analysts expect the company to only break even. American Commercial Lines, which is headquartered in the Ohio River town […]
Renaissance Bay & SpongeBob
A huge condo project along Keystone Avenue at 78th Street is coming out of the ground fast, and the developers now are offering tours to potential buyers. The $150-million…