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If the price of corn keeps going higher, the best investment any of us could make would be to turn our lawns into cornfields. Before we do that, though, we would need to buy farm equipment and fertilizer to get the field ready. After we grow the stuff, we would have to transport it to a processing plant and turn it into ethanol. Then, we would need to ship the ethanol to the refinery where it would get mixed in…
Imagine a busy local bank that signs several new accounts weekly. With each new customer, the bank receives that person’s Social Security number, home and business addresses, and entire financial history. But what if a computer containing all that personal information-so useful for identity theft-is stolen from the building? Should the company notify its customers of the possible danger or hope the information itself is safe and keep quiet to avoid scandal? To answer those questions, the Indiana General Assembly…
Billionaire philanthropists Mel and Bren Simon are laying the groundwork to donate Asherwood–their extravagant Carmel estate
and golf course–to the Indiana University Foundation, potentially to house a new think tank. The couple plans to downsize
into a home just outside the town square in the nearby Village of WestClay.
A former Silicon Valley sales executive and a Cincinnati investment manager have formed a venture fund here that’s trying
to raise $100 million to invest in the new darlings of the investment world: clean technology firms. Clean Wave Ventures founders
Scott Prince and Rick Kieser are banking on soaring energy costs attracting investors to the risky but potentially lucrative
realm of alternative energy and transportation and related fields.
In mid-March, Bill Gates traveled to Washington to carry an unpopular message to Congress: Raise the limits on visas for foreignborn tech workers, or Microsoft and other high-tech companies will be forced to move more jobs overseas in search of a skilled work force. Gates’ testimony to the House Committee on Science & Technology wasn’t groundbreaking-the shortage of tech workers is well-documented. But it begs an obvious question: Why have computer science enrollments at U.S. colleges and universities fallen by…
It was a low-key weekend for me, with my only arts stop being a visit to Fountain Square for Primary Colours’ Allotropy event–which I may get to in a later blog.
Okay, I also watched “Lucky You,” the terrible Drew Barrymore/Eric Bana poker romance…
An Indianapolis plant that makes equipment to spray polyurethane on boats, water towers and other objects will close by the end of the year, its new owner says. Fifty-five workers will lose their jobs at the northwest-side GlasCraft plant, which was owned by Indianapolis-based Cohesant Technologies Inc. until the company was acquired in December by […]
Delta Faucet Co. laid off another 95 workers from its Greensburg plant yesterday, the company’s third round of cuts this year, according to the Greensburg Daily News. The Carmel-based company idled the same number of workers in mid-March. The new cuts will leave about 567 workers employed at the Greensburg facility. The cuts have been […]
Manufacturing seems to churn out about as many lay-off headlines as cars these days, but plenty of good
news about the sector is buried in a recent Ball State University study.
Indiana manufacturing workers are accomplishing far more work than peers…
ChemGen Corp., a biotechnology company based in Maryland, has bought a long-empty manufacturing plant in Terre Haute, according to the Terre Haute Economic Development Corp. ChemGen makes a natural feed additive that helps chickens, turkeys and pigs digest food. It expects to hire up to 20 people and begin operating in the plant by the […]
The big news on Broadway in the 2003-2004 season was the Tony-Award battle between mega-musical “Wicked” and where-did-that-come-from upstart “Avenue Q.”
(For an up close and personal look at the development of both shows, check out the documentary “ShowBusiness,” which…
A program rolled out yesterday by State Treasurer Richard Mourdock aims to encourage more Indiana business owners to sell companies to their employees. The Treasurer’s Office will subsidize banks for loans used in transitions to employee stock ownership plans, or ESOPs. Taxpayers will more than recoup the program’s annual cost of $500,000 a year because […]
A while back, I was asked by a charitable foundation if I’d be willing to be part of a silent auction package at a fund-raising dinner. The prize? The highest bidder would join me on one of my reviewing assignments….
Airleaf LLC, a Martinsville book publisher formerly known as Bookman Publishing LLC, has been sued by Indiana Attorney General Steve Carter for allegedly failing to follow through on agreements to publish and promote customers’ books and reimburse royalties. Included in the suit is Airleaf owner Carl Lau. Filed in Morgan Circuit Court, the suit seeks […]
One of Indy’s most notable writers, Dan Barden, earned national acclaim for his book “John Wayne: a novel,” published in 1997 by Random House. He’s also penned essays for such publications as GQ and Details, teaches creative writing at Butler…
A renewable energy company that is building an ethanol plant in Bluffton has agreed to be sold to an Omaha, Neb., ethanol firm. The acquisition of VBV LLC is valued at $383 million, the buyer, Green Plains Renewable Energy Inc., announced late yesterday. VBV is a Delaware company owned by Ireland-based NTR plc and the […]
British entrepreneur Richard Branson has unloaded a company thatâ??s building two ethanol plants in the U.S.,
including one near Fort Wayne.
In an interview with Fortune magazine during the peak of ethanol optimism in early 2006, Branson said industry…
Conseco Inc.’s loss narrowed in its first quarter, but the company still missed the expectations of Wall Street analysts. The Carmel-based insurer reported a loss of $5.8 million for the three months ended March 31, compared with a $10 million setback in the same quarter a year ago. Excluding investment losses, Conseco’s insurance companies posted […]
Conseco, Inc. has agreed to pay as much as $6.3 million in fines and restitution to settle an investigation by insurance regulators in Indiana and four other states into its handling of claims, complaints and marketing of its long-term care policies. The Carmel-based insurance company said today that the settlement affects customers of two subsidiaries: […]
Calumet Specialty Products Partners LP late yesterday reported a $3.4 million loss in its first quarter after having posted a $28.2 million profit a year earlier. The Indianapolis company, which processes crude oil into lubricating oils, solvents and other products, blamed the result on skyrocketing oil prices. Calumet’s specialty products segment was hit hard because […]
