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Officials in Greenwood and Franklin want Johnson County to consider implementing a hotel tax, reports the Daily Journal of Franklin. The money would be used to create a convention and visitors bureau. The tax, which likely would be as high as 5 percent, wouldn’t happen before next year because the current legislative session is set […]
Carlyle Capital Corp. Ltd., a unit of Carlyle Group, a Washington D.C.-based private equity group, did not meet banks’ margin calls on its $21.7 billion portfolio, according to several news services. Last fall, Carlyle Capital bought Allison Transmission in Indianapolis from General Motors Corp. for $5.6 billion. Carlyle Capital has received several notices from banks […]
Allied Waste Industries Inc. will announce this morning that it plans to remodel a site at Morocco, Ind., and add 350 customer service jobs within six years, according to The Journal & Courier of Lafayette. Morocco is between Lafayette and Merrillville in northwest Indiana. Allied Waste, headquartered in Phoenix and traded on the New York […]
Developer Stephen Alexander isn’t fazed by a zoning setback for his $67 million West Merrill Tower. The Metropolitan Development Commission denied his request to vacate an alley…
Champ Car Wednesday filed Chapter 11 bankruptcy, igniting what could potentially be a bidding war for its assets. The Indy Racing League last month agreed to acquire certain assets of Champ Car, but the bankruptcy court could open things up….
Guidant Corp. investors have lost a class-action lawsuit that claimed Guidant executives hid knowledge of defects in the corporation’s heart defibrillators and pacemakers so the value of the company wouldn’t slump at a time it was about to be acquired. Judge Sarah Evans Barker dismissed the case late last month, saying the investors didn’t produce […]
Indianapolis startup Marcadia Biotech Inc. today announced it has signed an agreement with drug giant Merck & Co. Inc. to help bring Marcadia’s promising diabetes therapies to market. Financial terms were not disclosed. However, Merck, headquartered in Whitehouse Station, N.J., will pay Marcadia an upfront fee as well as payments for exclusivity and ongoing collaborative […]
So Blu-ray won the high-definition format battle, effectively turning HD DVD into this generation’s Betamax.
Personally, this didn’t affect me at all. I managed to stay out of this turf war largely because a clearer picture and movie theater-quality sound are…
ATA Airlines said today it would close its Chicago Midway hub and cease all scheduled service there, starting with domestic flights on April 14 and international flights as of June 7. The announcement comes after ATA parent Global Aero Logistics said in a January regulatory filing that it was considering selling all or part of […]
Negotiations are heating up between Formula One and Indianapolis Motor Speedway officials that could bring F1 racing back to Indianapolis in 2009. Speedway boss Tony George told an audience at yesterday’s IU Business…
Earlier this week, Jill Long Thompson, who is running for the Democratic nomination for governor, said Gov.
Mitch Danielsâ?? approach to economic development has focused on individual companies to the detriment of big-picture
policy changes that could improve the…
Athletic-footwear retailer Finish Line Inc. said today its fourth-quarter same-store sales fell 6 percent, versus a 5.4-percent decline in the year-ago period. Stock in the Indianapolis company fell 3.4 percent, to $3.99, following the news. Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it […]
A 750,000-square-foot warehouse in Seymour will become vacant this summer after the latest in a string of third-party logistics providers moves out. Germany-based Schenker Logistics has announced it will leave the facility, which distributes computer printers for Lexmark International Inc., an IBM spinoff headquartered in Lexington, Ky. About 80 full-time and 40 temporary workers will […]
Hoosier Outdoor Advertising Corp., a Bloomington-based billboard company operating primarily in southern Indiana, has been acquired by Lamar Outdoor Advertising, a unit of Lamar Advertising Co. of Baton Rouge, La. Some Hoosier Outdoor workers no longer are with the company following the Feb. 21 deal, according to The Herald-Times of Bloomington. The company would not […]
A couple of topics to discuss:
More praise for Trail
In its March newsletter, New York-based Project for Public Spaces named Indianapolis one of five “Great Cities” thanks to the…
Growth in the Midwest manufacturing sector was stable in January and February, the Federal Reserve Bank of Chicago reported today in its Beige Book report. Manufacturers tied to aircraft, cranes, energy extraction and mining flourished, the Fed said. Steelmaking, aided by the low price of the dollar, was close to full production. However, makers of […]
Blame it on the weather. Blame it on the familiarity of the material. Blame it on the lack of a name star.
But there were empty seats at last night’s opening of “My Fair Lady.”
It’s a shame, because unlike many other…
Brownsburg-based Roark Custom Titanium Bicycles got a big marketing boost from a man from outer space–figuratively and literally. In its annual buyer’s guide published last month, VeloNews, one of the nation’s largest cycling…
You probably arenâ??t begrudging farmers and others for the record farmland prices theyâ??re enjoying.
But those prices wouldnâ??t be so high if the ethanol plants popping up across Indiana and elsewhere in the
Midwest werenâ??t using so much corn.
Now weâ??re…
Indiana farmland values skyrocketed to record levels last year, according to the most recent survey of agricultural lenders by the Federal Reserve Bank of Chicago. Prices in the northern two-thirds of the state shot up 6 percent in the fourth quarter and 16 percent in 2007. Southern Indiana was not included in the survey because […]
