Crean eyes assistant sans IU ties
It’s difficult to say what’s taking Indiana University’s new basketball coach Tom Crean so long to hire his third assistant.
IU sports department spokesman J.D. Campbell said May 2 the hire would be made…
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Let the art fair season begin
This weekend marks the unofficial launch of the summer art fair season, with the Broad Ripple Art Fair sure to attract mobs to the Indianapolis Art Center grounds (weather cooperating, of course).
I’m a fan of BRAF and its end-of-summer-IMA-bookend,…
Refrigerated warehouse to be built in Lebanon
A New Jersey company with 30 refrigerated warehouses in the country plans to build a unit in Lebanon Business Park. United States Cold Storage Inc. will spend $38 million on the 300,000-square-foot warehouse and distribution center, and hire 100 workers by 2012, according to the Indiana Economic Development Corp. The business park is owned by […]
Indy developer targeting Honda suppliers
Indianapolis developer Tim Shrout wants to open a business park in Shelbyville to attract suppliers to the new Honda Manufacturing of Indiana assembly plant in Greensburg. Shrout’s company, Cedar Run Investments LLC, is calling the 100-acre tract Pleasant View Commerce Park, according to The Shelbyville News. The location is 32 miles from the Honda plant. […]
Colts’ Bud deal creates party zones
The Indianapolis Colts today announced an expanded relationship with Budweiser and Bud Light.
A featured element of the agreement between the Colts and Anheuser-Busch is the Bud Light Blue Zone, an open-air fan gathering…
UPDATE: Steak n Shake shares tumble
Shares of Steak n Shake Co. tumbled this morning after the Indianapolis company reported late yesterday that same-store sales in its fiscal second quarter declined 6.3 percent. The stock fell 10.6 percent, to $6.81 per share. It was the 11th consecutive quarter in which the diner chain reported falling same-store sales. The company blamed the […]
Rain costing Speedway millions
As the rain falls at the Indianapolis Motor Speedway, the financial losses mount for the famed Brickyard.
So far this month, spectators have seen more activity from the IMS track drying crew than by actual racers. Yesterday, 15 Speedway safety vehicles…
UPDATE: New call center will employ 600
A call center operator announced today that it will add a location in Terre Haute and hire 600 workers before 2009. Alorica Inc., headquartered in Chino, Calif., will occupy 50,000 square feet in Plaza North Shopping Center, 1800 Fort Harrison Road, on Terre Haute’s north side, according to the Indiana Economic Development Corp. The space […]
Art auction record shattered
Last night at Sotheby’s auction house in New York, a 1976 angst-infused triptych by Francis Bacon sold for $86.3 million. Apparently that’s the highest price ever paid at auction for a piece of contemporary art.
My instinct was to ask…
Gas prices to heat up this winter, Vectren says
Natural gas prices will increase as much as 30 percent next winter over past winter, according to the Evansville Courier & Press, citing Vectren Corp. CEO Niel Ellerbrook. Prices are rising because customers want an alternative to utilities that use coal, which causes more pollution, Ellerbrook told investors at an annual meeting. Ten years ago, […]
WEDJ to sponsor super Mario
Locally based WEDJ-FM 107.1, also known as Radio Latina, yesterday announced its sponsorship of Mario Dominguez, the driver of the Pacific Coast Motor Sports entry into the this year’s Indianapolis 500.
Dominguez, 32, a…
Speedway signs energy drink deal
After months of rumblings from sports marketers, the Indianapolis Motor Speedway finally announced its category sponsorship deal with Frank’s Energy Drink.
Last October, IBJ first reported the deal that was revealed at the Speedway…
Fisher signs deal with IUPUI
Officials with Sarah Fisher Racing today announced they signed a sponsorship deal with IUPUI, which will aid the team’s effort to qualify for and race in this month’s Indianapolis 500.
“The group at IUPUI has become great friends of mine over…
Lilly springing 8,400 workers for cleanup detail
Two of three local Eli Lilly and Co. employees plan to fan out across the Indianapolis area tomorrow to help clean and fix up the area. The pharmaceutical maker’s first Global Day of Service will involve 8,400 workers’ delving into projects that include planting trees, clearing weeds from parks and framing Habitat for Humanity houses. […]
Bloomington firm lands $35M in venture capital
Bloomington-based ProCure Treatment Centers Inc. said today that it has received another infusion of $35 million in venture capital. Oklahoma City-based McClendon Venture Company LLC made the investment to help ProCure develop a network of cancer treatment centers across the country. McClendon also gave $35 million to ProCure in December 2006. “I have every reason […]
Lilly stock stagnation: 11 years and counting
Eli Lilly and Co. has been essentially treading water now for nearly 11 years. The company’s stock closed yesterday at a low the company hasn’t seen since June 5, 1997. Lilly shares dropped 74 cents apiece to close at $47.55. The last time Lilly shares closed lower, it still had patent protection on its antidepressant […]
McKinneys give $200,000 to environmental group
The Hoosier Environmental Council, through its affiliated foundation, said today that it had received the largest grant in its 25-year history. The McKinney Family Foundation donated $200,000 to support renewable energy, sustainable agriculture and transportation alternatives at the state and local level. The foundation, chaired by former First Indiana Bank CEO Bob McKinney, also said […]
Home sales slide in April, but inventory shrinks
Indianapolis-area home sales slipped in April, and the average price continued falling. But the inventory of houses on the market shrank, offering hope that the downturn might be slowing. Pending sales of houses in the nine-county Indianapolis area fell 14.1 percent, to 2,520 units, from a year earlier, according to the Indianapolis brokerage F.C. Tucker […]
Subsidizing thy neighbor
Should a city give incentives to companies that want to leave the city and expand in another town?
That question is dogging Muncie officials after they offered a $600,000 loan to a Spanish company that plans
to move an auto-parts plant…
Gas edges past $4 in N. Indiana
Gas is over $4 in northwest Indiana, according to http://www.indianagasprices.com/.
In some places, itâ??s up to $4.09.
How long until it hits $4 in the Indianapolis area, and how high will it go?