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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 […]
Does Indianapolis experience winter? NFL owners meeting in Atlanta today could be forgiven for wondering, if
all they knew about Indianapolis was the information in the Super Bowl bid package.
The 30-plus pages in the executive summary have plenty…
Two books I’m in the midst of reading combine to raise questions about the future of art and audiences.
The first, “Against Happiness,” posits that our society’s increased emphasis on smoothing over the rough edges of life (through pharmaceuticals and…
There are still plenty of people in NFL circles who think Indianapolis is no place for a Super Bowl. And yes, some of those are among the 32 team owners and other team executives. Indianapolis remains a favorite today to…
ATLANTA-Indianapolis’ bid to host the 2012 Super Bowl calls for turning downtown into a big party, complete with massive fire pits to keep revelers warm. Officials hope to beat out Indianapolis’ larger rivals-Phoenix and Houston-in part by casting the city’s smaller size as a strength. “When the Super Bowl comes to Indianapolis, the NFL will […]
Browning Investments, the Indianapolis developer that has built projects ranging from the NCAA headquarters to the downtown Marriott Hotel, is considering building a four-star hotel in downtown Evansville near the Aztar Casino and a possible new arena desired by some Evansville boosters. Browning said a new arena and other attractions would lure convention traffic, and […]
Indianapolis won round 1 of the battle to host the 2012 Super Bowl. After a Super Bowl committee meeting this afternoon, it was determined that Indianapolis will present first, followed by Phoenix, then Houston. Indianapolis will give its 15-minute presentation…
They say a picture says a thousand words. This one taken today of the 33 Indy Racing League drivers that qualified for the Indianapolis 500 in New York certainly does.
Granted, the drivers were…
Two local developers are pitching retailers on a proposed 700,000-square-foot power center in Brownsburg. The massive project seeks to capitalize on a growing population center and the…
Steel Partners II said in a Securities and Exchange Commission filing yesterday that it is considering escalating its stake in Conseco Inc. from 10 percent to 22 percent. New York-based Steel Partners also said Conseco directors have been “slow” to implement a strategic review launched in March. “Return on equity of Conseco Insurance Group is […]
Simon Property Group continues to pitch upscale retailers on an expansion of the Fashion Mall at Keystone, although the Indianapolis developer has scaled back the project. The plans now call for the addition…
The Frank E. Irish Co., a large Indianapolis mechanical-contracting firm that’s been working on Lucas Oil Stadium, has ceased operations, according to company President John T. Irish. Irish said the company is striving to find alternative financing in the wake of current lender National City Bank’s move on Friday to shut down the contractor’s operations. […]
The governing body for Bloomington Hospital is scheduled to vote June 16 on a partnership between that hospital and Clarian Health Partners, according to The Times-Mail of Bedford. In November, Bloomington Hospital said it was considering the deal with Clarian. Such partnerships have become common nationally, as smaller hospitals seek to align themselves with larger […]
As of noon, the IBJ reporting team (that’s me) has officially touched down in the Buckhead district of Atlanta where the 32 National Football League owners will decide which of three bidding cities will host the 2012 Super Bowl. While…
