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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…
The strike at Detroit-based American Axle and Manufacturing Holdings Inc. was a drag on Indiana employment in April, according to the Indiana Department of Workforce Development. Overall employment of 2.98 million was down 3,100 from March but up slightly from a year earlier, the agency reported late last week. The agency estimates that the 12-week-old […]
As the housing debacle continues to unwind, another big â?? really big â?? issue in housing is going largely
unnoticed.
Houses built in the 1950s are at risk of falling into the same decay experienced by many older neighborhoods,
some of…
ATLANTA – The owners of the 32 National Football League teams began gathering here today for three days of meetings, which will include a vote tomorrow selecting the site of the 2012 Super Bowl. Indianapolis, league sources say, is the frontrunner. Houston and Phoenix also are competing to host the big game. Entourages from all […]
Purdue University might spend nearly $5 million this fiscal year on public relations, marketing and promotional activities, nearly double the $2.6 million the school budgeted in the 1997-’98 year, reports The Journal & Courier of Lafayette. The number of employees in Purdue’s promotion department grew 34 percent, to 67, at a time employment across the […]
For me, the weekend included a local premier at Theatre on the Square, a popular revival at Beef & Boards and a mix of old and new with Dance Kaleidoscope. Plus a stroll through the Broad Ripple…
HAMILTON COUNTY Helmer consolidates at Saxony Noblesville’s Saxony Corporate Campus has landed a life sciences firm. Helmer Inc., which manufactures and distributes laboratory equipment, has moved into a new 72,000-square-foot headquarters there. Founded in 1977, Helmer had been spread across four buildings in Noblesville. Its new headquarters, off Interstate 69’s Exit 10, features 52,000 square […]
BOONE COUNTY Distribution/warehousing still rule Duke looking to rail potential in Lebanon while Whitestown heats up LEBANON-The economy might be slowing like a down-shifting Mack truck, but Boone County’s economic development engine of warehousing and distribution keeps accelerating. The sector now accounts for more than 25 percent of the tax revenue in the county seat […]
MONROE COUNTY IU school climbs in rankings An Indiana University Kelley School of Business program climbed into the top 25 worldwide in a new ranking from the Financial Times of London. The school’s custom-designed executive education program was ranked 12th for its faculty and quality of teaching, 16th in preparation, and 21st in overseas programs, […]
TIPPECANOE COUNTY Lafayette, West Lafayette to get joint branding, marketing plan Indianapolis-based Hirons & Co. is developing a joint branding and marketing strategy for the downtown areas of Lafayette and West Lafayette. The new plan will be an update of a marketing plan Hirons developed for the cities five years ago. The Lafayette-West Lafayette Downtown […]
HENDRICKS COUNTY Tourism study set for western Hendricks County Field interviews start in June for a study on how to develop tourism in the western half of Hendricks County. Researchers will start in Danville and travel west, looking for ways to tie attractions together into a tourism corridor. Seattle-based Destination Development Inc. is being paid […]
Plastic welding factory bursting at seams HANCOCK COUNTY-A Fortville manufacturer that won acclaim for making helmet pads that better protect U.S. troops from roadside mine blasts has had to lease 10,000 square feet of additional space to meet demand for its products. Genesis Manufacturing leased space in two nearby buildings to supplement its 15,000-square-foot facility, […]
MORGAN COUNTY Church construction booms There’s no building trades recession in Martinsville or Mooresville where the Lord is concerned. Three churches and a Christian camp all are planning big projects. Church at Mount Gilead plans to build a worship center, vestibule and administrative offices at 6019 E. State Road 144 near Kitchen Road in Mooresville. […]
MADISON COUNTY Call center to employ 400 Startup Agape Communications LLC plans to open a call center in Anderson, hiring 75 workers immediately and bringing a total of 400 jobs to downtown within a year. The influx of jobs will make Agape the 12th-largest employer in Madison County. The jobs will pay about $10 an […]
BOONE COUNTY Wal-Mart store back on table Wal-Mart’s more-than-two-year struggle to build a store on North Michigan Road has been revived, after a judge ruled in favor of the retailer and sent its petition back to the Zionsville Plan Commission to decide. Arkansas-based Wal-Mart has refiled development plans for the 198,000-squarefoot store, which the commission […]
JOHNSON COUNTY Last indie bookseller closes The closing of Read Already Used Books in Franklin in late April marks the end of an era in Johnson County, which had a half dozen locally owned general-interest book stores a decade ago. Now there are none. National chains such as New York-based Barnes & Noble, which opened […]
