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CMG Worldwide Inc. suffered a significant legal setback Monday when a federal judge ruled that Fishers-based CMG and a company it represents, Marilyn Monroe LLC, do not own Marilyn Monroe’s publicity rights. The California ruling could be a massive blow to CMG. Monroe’s likeness on everything from TV commercials to T-shirts generated about $30 million […]
The National FFA put out a release today saying its national convention in Indianapolis in October created
a $40 million impact. Lump out suppliers from outside the area, and the local impact amounted to $34.5 million.
Global Insight Inc., a respected…
Delta Faucet Co. has cut 95 blue-collar workers at its plant in Greensburg, leaving about 662 employees. The Carmel-based company blamed ongoing sluggishness in the housing market, according to the Greensburg Daily News. Earlier layoffs at the plant have claimed about 100 workers, and about 30 jobs at the Camel offices. Delta is owned by […]
Houston-based Horizon Wind Energy LLC is eyeing as many as 15,000 acres east of Kokomo on which to build wind generators, according to the Kokomo Tribune. The area could receive 100 generators, which could turn out 200 megawatts, enough to power about 66,000 houses. The area has plenty of open land, wind and transmission lines. […]
The Indianapolis Museum of Art’s Summer Nights film series is one of the most popular warm-weather attractions in the city — at least, one where those who want to attend often outnumber the room the IMA has to accommodate them.
This…
Rather than seeing the General Electric Co. refrigerator plant in Bloomington close, the Monroe County Economic Development Commission plans to study whether it would make sense for the employees to buy and operate the site. About 900 workers will lose their jobs next year if GE goes ahead with the plan it announced in January. […]
Two law firms have sued WellPoint Inc., claiming the company and its officers misled investors for weeks before the company lowered its earnings estimates this month. The lawsuits claim WellPoint officers knew their medical costs were rising and their customer rolls were growing more slowly than predicted, but did not tell investors. After WellPoint disclosed […]
As a result of quarterfinal losses by Indiana and Purdue, attendance for last week’s men’s Big Ten basketball tournament at Conseco Fieldhouse fell below projections. After Session 3 (the one featuring IU and…
Gov. Mitch Daniels is set to sign the property tax legislation tomorrow.
Daniels got most of what he proposed last fall. Homeowners get a tax cut, future bills will be capped and
the sales tax rises to compensate.
Are you happy with…
Growth at Roche Diagnostics will push across 96th Street and take over the Marsh Supermarkets headquarters building, Roche announced today. By the end of 2010, Roche will transfer roughly 340 jobs to the new location from its campus in the northeast corner of Marion County, which serves as the company’s North American headquarters. Swiss-based Roche, […]
About 3,500 retired employees of J.I. Case Co. – which had a plant in Terre Haute until 1987 – and surviving spouses of retirees have won a lawsuit that provides them with health care benefits for life. The company, now called CNH American and based in Pennsylvania, also must reimburse those covered by the lawsuit […]
Ever since the Chicago cows appeared in 1999, city marketers and arts folks have been trying to find attention-getting gimmicks to boost awareness of their towns’ coolness. Many of these—including our very own artist-decorated race cars—have been reactive rather than…
The company that powered Tony Stewart to the 1997 Indy Racing League championship is coming back to open-wheel racing. John Menard confirmed that his Menards chain of hardware superstores will be sponsoring Tony…
Evansville-based Mead Johnson Nutritionals could get a new owner if parent Bristol-Myers Squibb Co. succeeds in finding a buyer. The Financial Times reported Sunday that Bristol-Myers is “quietly sounding out potential bidders” for the baby formula maker. Mead Johnson’s value is estimated at $7 billion to $9 billion. Quoting unnamed sources familiar with the discussions, […]
Indiana Business Bancorp, the Indianapolis-based parent of Indiana Business Bank, reported $14,159 in profit for 2007. That compares with a $675,954 loss of a year earlier. Growth in loan and investment portfolios pushed net interest income up 29 percent, to $2.6 million. Service charges and other fee income increased nearly three-fold, to $180,289. The bank, […]
Forget outsourcing. A Michigan research group says the larger problem for manufacturing will be finding enough
domestic workers to navigate the complexities of modern factory floors.
The Center for Automotive Research in Ann Arbor contends in a recent report that while…
The chief executive officer of ATA Airlines’ parent company, Global Aero Logistics, has resigned, according to the Peachtree City, Ga., company. Subodh Karnik, who previously was CEO of Indianapolis-based ATA, was under pressure from New York investment firm MatlinPatterson to make ATA and its two sister carriers profitable. Global Aero’s most recently reported financials show […]
Getting you up to date:
Airport sinks approved
The Indianapolis Airport Authority board has approved an obscure bid package known as “T-31” that provides for the installation of floor-level foot sinks for…
Conseco Inc. shares tumbled today, despite the company’s announcement before trading opened that it was working with investment firm Morgan Stanley to explore “strategic alternatives” aimed at boosting its sagging stock. Such pronouncements typically signal a company is putting itself up for sale, raising the prospect of a rich payoff for shareholders. But Conseco likely […]
Pending house sales in the Indianapolis area increased in February for the first time since April 2007, prompting one expert to say the soggy market might be finding a bottom. The sales, which have been accepted but not closed, increased to 2,132 from 2,113 a year earlier, according to F.C. Tucker Co., which uses data […]
