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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 […]
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 […]
Toledo, Ohio-based Precision Cutoff LLC said today it will open a machine shop in Franklin and hire 47 workers by 2012. Precision plans to invest $2 million at an existing, 110,000-square-foot building in Hurricane Industrial Complex. The Indiana Economic Development Corp. offered $35,000 in tax credits and $29,500 in training grants. The city of Franklin […]
1500 movie screens across the country will be upgraded to 3-D. So announced Regal Entertainment Group on Tuesday.
What was once a gimmick, now looks to be the standard for future moviegoing. This summer’s “Journey to the Center of the Earth”…
If you’re wondering how the voting action went behind closed doors for the 2012 Super Bowl site Tuesday in Atlanta, this is what several team owners and executives told IBJ.
Indianapolis, followed by Phoenix, then Houston made separate 15-minute pitches. Only four…
The federal government has rebuffed an attempt by Ball Memorial Hospital in Muncie to pay higher reimbursements for the Medicaid and Medicare patients it serves. Ball Memorial, which lost $7 million on the patients last year, is reimbursed 86 cents for every dollar of the costs. Many other hospitals in the state receive 96 cents, […]
Al Hubbard, the Indianapolis businessman who stepped down last year as director of President Bushâ??s National
Economic Council, is quoted in a recent Barronâ??s column as hammering Floridians and others living along U.S.
coasts for squeezing the tourniquet on additional…
As promised, here is a siteplan from Kite Realty Group Trust that shows its preliminary plan to redevelop Pan Am Plaza. The plan shows seven restaurant, retail or…
There’s a dark cloud hovering over Indianapolis’ selection by National Football League owners to host the 2012 Super Bowl.
The roar that raced from Atlanta where the decision was made Tuesday to Indianapolis almost…
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…
