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Indianapolis-based Simon Property Group Inc. has access to $3.5 billion in credit as it anticipates snapping up shopping malls, according to Bloomberg. Chief Financial Officer Steve Sterrett told Bloomberg that the $1.5 billion of bond positions the company sold last week was used to pay down debt. The resulting improvement to Simon’s balance sheet positions […]
Lifeline Data Centers LLC said yesterday that its acquisition of Eastgate Consumer Mall has closed. The Indianapolis company announced in December that it would spend $23 million to transform the 370,000-square-foot mall at East Washington Street and Shadeland Avenue into a high-tech hub for hosting a data-storage operation. Common areas of the mall will not […]
A depressed stock price and a protest brought a bigger-than-usual crowd to WellPoint Inc.’s annual shareholder meeting this morning. About 80 people filled a conference room at WellPoint’s headquarters on Indianapolis’ Monument Circle. After the meeting, WellPoint CEO Angela Braly answered questions from five shareholders, many of whom cited the 30-percent drop in share price […]
In his second month as president of Eli Lilly and Co., John Lechleiter has ordered a reorganization to streamline the Indianapolis pharmaceutical maker. The changes will eliminate management layers and clarify roles and responsibilities in order to speed decision-making, Lechleiter said in a statement. Lilly spokesman Phil Belt the reorganization will result in few, if […]
Two defendants blamed for errors in the Central Library expansion project have agreed to pay the Indianapolis-Marion County Public Library $1.27 million. Patriot Engineering and Environmental Inc. and The Rosk Group Inc., both locally based, agreed to a settlement May 15 after participating in a series of court-ordered mediations, the library announced this morning. Both […]
News of Indy’s successful bid for the 2012 Super Bowl spread quickly among Hoosiers here in Las Vegas. Already, the selection has become a part of sales…
ATLANTA – A surprise boost in the quality of Phoenix’s bid for the 2012 Super Bowl nearly up-ended what had been expected to be a reasonably easy catch by Indianapolis at the NFL team owners meeting yesterday. Owners hesitate to discuss the vote, which eliminated Houston’s bid early and finally handed the event to Indianapolis […]
So TV’s “Dancing with the Stars” has another winner.
Hooray.
I caught some of the finals last night without having seen the rest of the series. And having been to Dance Kaleidoscope’s season ending performance Sunday, I’m curious as to whether the huge…
Many a back was slapped in Indianapolis and among the Indy troops in Atlanta yesterday when the NFL team
owners opted for Indianapolis over Phoenix and Houston to host the 2012 Super Bowl.
Elsewhere, though, the reaction was mixed.
The Arizona Republic…
ATLANTA - NFL owners have chosen Indianapolis to host the 2012 Super Bowl. The 32 team owners meeting here today picked Indianapolis over Houston and Phoenix, which hosted the 2004 and 2008 Super Bowls, respectively. Indianapolis officials had gone to great lengths to secure the 25,000 hotel rooms required by league bid specifications. They also hammered […]
Super Bowl site selections can create odd alliances among the 32 wealthy fellows casting the votes. The man who last year single-handedly dismantled Indianapolis’ bid to host the 2011 game came this year to the Circle City’s defense.
With Indianapolis embroiled…
ATLANTA – National Football League Commissioner Roger Goodell came to the podium this afternoon to tell the 32 team owners that Indianapolis had won the right to host the 2012 Super Bowl. But at the last minute, an assistant pulled him back and told him Indy hadn’t received the three-fourths majority support from the owners […]
Hundreds of developers are circulating thousands of siteplans from more than 2 million square feet of exhibition space at the International Council of Shopping Centers convention in Las Vegas. The pitches include dozens…
A New York-based investment firm today said that locally based insurer Baldwin & Lyons Inc. is wildly overcapitalized and encouraged the company to use its surplus to make a large dividend to shareholders. Loeb Partners, which owns 5.4 percent of the trucking insurer’s Class B stock, estimated that the company has $22 million in excess […]
It took four ballots for Indianapolis to persuade NFL owners to award the city the 2012 Super Bowl. The result means Indianapolis received less than 75 percent of the votes from the 32 team owners. Phoenix came in second, and the other contender, Houston, was third. Phoenix and Houston hosted the 2008 and 2004 Super […]
Rich Pegram, who suddenly left as general manager of WTHR-TV Channel 13 in November, has joined a Tampa, Fla., television station as vice president and general manager. The Tampa station, WFTS-TV Channel 28, is owned by Cincinnati-based The E.W. Scripps Co. WTHR is owned by the Wolfe family of Columbus, Ohio. “His trophy case is […]
ATLANTA – The streets of Atlanta’s Buckhead district were quiet late last night, but the atmosphere inside the Ritz-Carlton was like a New Year’s Eve party. The 32 NFL team owners met and mingled mostly behind closed doors, but the entourages spilled into the lobby and bar area as officials from Indianapolis, Houston and Phoenix […]
International Truck and Engine Corp. plans to temporarily lay off hundreds of workers next week at its east-side engine plant, citing slumping demand for Ford trucks. “It’s all driven by Ford demand, or lack thereof,” said Roy Wiley, spokesman for the Warrenville, Ill.-based engine maker. “High diesel fuel prices, the housing market – you name […]
Lilly Foundation is on a spending spree. The charitable arm of Eli Lilly and Co. announced today that it is giving $1.1 million to relief organizations working in China and Myanmar, both of which were hit by natural disasters this month. The gift announcement comes the day after the Lilly Foundation revealed a $1 million […]
Tiffany Olson has resigned as CEO of Roche Diagnostics’ North American headquarters for “personal reasons,” the company announced this morning. Olson’s replacement is Michael Tillmann, who has been head of Roche’s Asia-Pacific region, based in Singapore. Tillman will arrive in Indianapolis on Thursday, according to Roche spokeswoman Doyia Turner. Olson said she was resigning for […]
