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A&E: Welcome lace fans

Hear the word “lace” and you’d be justified in thinking of such terms as “delicate,” “elegant” or, if you were in a whimsical mood, even “doily-esque.” Hear “knitting” and you are likely to imagine a grandmotherly woman working on a shawl. That assumes, of course, that you haven’t already been to the Indiana State Museum to see the new exhibit “Radical Lace & Subversive Knitting.” Hear those words after visiting and you’re likely to have other ideas. The exhibition, organized…

Ring maker remakes industry with big buyout: Herff Jones’ purchase of American Achievement to narrow roster of rivals to two; deal may be worth $700M

Herff Jones Inc.’s latest acquisition is a whopper that will remake the competitive dynamics of its niche industry-the sale of high school rings, yearbooks and other products that help mark educational milestones. The Indianapolis-based company this month agreed to buy American Achievement Group Holding Corp., a deal that would reduce the roster of Herff’s major competitors from three to two. Herff has $511 million in annual revenue, while American Achievement has $315 million. Terms were not disclosed, but Dow Jones’…

Revival in nuclear energy puts engineers in demand: Purdue concerned about possible shortage in field

A renewed interest in nuclear energy coming at the same time aging workers are leaving the industry has created the elements for a shortage of nuclear engineers. Nuclear energy as an electricity source is enjoying a resurgence nearly 30 years after a reactor meltdown at Three Mile Island in Pennsylvania severely tarnished the industry’s image. Escalating oil prices and stiffening environmental regulations on coal-based systems are helping to spawn the rebirth of nuclear technology. The U.S. Nuclear Regulatory Commission in…

EYE ON THE PIE: Globalization in the fast-food business

My buddy Andy hates his name. He suffers because his parents were excessively influenced by “Wheel of Fortune” and named him Andreas Fawlty Towers. After years of teasing, Andy now hates just about everything. For example, he and I were having lunch at the redesigned “Steak, Shake and Sushi” as he complained about the new menu. “Foreign foods,” he said, groaning. “They take a perfectly fine menu of American classics and add something no one ought to eat. It’s bad…

Pats fan shown Hoosier hospitality

New Hampshire teen-ager Anna Grant, treated like a villain in the RCA Dome four months ago, is being treated like a queen today at the Indianapolis Motor Speedway.

Grant, 14, made news when she…

State drops canal development

A 1-acre site along the Central Canal will not be developed, at least for now, a state official said in an e-mail. The state’s public finance director, Jennifer Alvey,…

Indy developers, out-of-town deals

Check out a few of the projects local developers are working on outside Indy:

Kite Realty Group broke ground this week on Eddy Street Commons, a mixed-use village…

Rain doesn’t stall Carb Day party

Rain today didn’t dampen attendance at the Indianapolis Motors Speedway. Cars lined up for more than two hours along 16th Street to get in to the famed Brickyard for Carb Day.

And crowds did not…

IRL, Honda sign deal through 2013

Honda and the Indy Racing League officials announced today they have reached a deal to make the Japanese auto maker the engine supplier to the open-wheel racing series through 2013.

Honda officials said they still hope IRL officials will bring in…

Suit filed over NCAA Final Four tickets

An Arizona man yesterday filed a class-action lawsuit against the NCAA over its practice of not refunding the $6 handling fee for lottery applications for tickets to Final Four games. In his suit in U.S. District Court in Los Angeles, Tom George asks that the NCAA to end the “illegal gambling” practice for men’s hockey […]

UPDATE: Hurco stock dives after earnings report

Shares of Hurco Cos. Inc. plunged 17.2 percent this morning after the Indianapolis-based machine tool maker reported profit that missed analysts’ expectations. Hurco said it earned 85 cents per share in net profit, 3 cents less than analysts surveyed by Thomson Financial. The shares, which have traded near historic highs for the company, slumped to […]

Indy 500 teams still lack sponsors

For all the touting of higher television ratings, attendance and series Web site visits, there’s one glaring shortcoming that shows the Indy Racing League still has challenges.

Fourteen of the 33 cars that qualified…

RW Armstrong asked for money back

Johnson County commissioners have asked for a $22,531 reimbursement from the Indianapolis engineering and consulting firm RW Armstrong for unexpected additional work the county says it had to undertake on a road project. The commissioners blame Armstrong for leaving out drawings for a storm sewer and other work needed to upgrade the intersection of Stone’s […]

Greatest plays of all time?

A few days ago in this blog, I mentioned Daniel S. Burt’s book “The Drama 100: A Ranking of the Greatest Plays of All Time.”

While we can all agree that such a list is highly subjective, we can probably…

Lafayette Caterpillar plant to add 50 workers

The Lafayette Redevelopment Commission approved providing $50,000 to the Caterpillar Large Engine Center to train 50 new workers, reports the Journal & Courier. The funds will come from the city’s tax increment financing and economic development income tax funds. Caterpillar employs nearly 1,800 at the site now; the additional 50 workers will fill production jobs […]

Panera coming downtown

Weber Grill Restaurant could soon get some company. Panera Bread Co. is close to a deal to take the remaining portion of the former Old Navy space in Claypool Court. If landlord Simon…

IRL signs 5-year Long Beach deal

Indy Racing League officials today confirmed they have finalized a contract to hold a race in a new, important market next year.

The IRL signed a five-year deal with The Grand Prix Association of…

‘Rent’ at a theater near you

Yes, “Rent” — the movie — already played movie theaters (and didn’t do particularly well). But now it looks like it’s getting another shot. Not a second run of the film, though. This will be a from-the-stage performance of the hit…

Startup paving way for Chinese investment

Columbus, one of the first cities in the state to welcome Japanese investment in the 1980s, is taking an early role in drawing investment from China. Chinese investment in the southern Indiana city is miniscule so far compared to the factories built there by forklift manufacturer Toyota Industries Corp. and other Japanese companies. But the […]

HKW takes controlling stake in Airworx

Hammond Kennedy Whitney & Co. has bought a controlling interest in Airworx Construction Equipment and Supply LLC, an Indianapolis company that rents and sells aerial lift equipment, for an undisclosed price. Selling the stake in the 12-year-old company was Source Capital of Atlanta. Airworx has about 50 employees in Indianapolis and the northern Indiana town […]