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A Texas judge has sided with Clear Channel Communications Inc. in ordering several banks to fund the proposed $19 billion buyout of the San Antonio media company. In Indianapolis, Clear Channel owns rock powerhouse WFBQ-FM 94.7, alternative rock station WRZX-FM 103.3 and WNDE-AM 1260, which broadcasts a sports format. Clear Channel announced the ruling this […]
Wabash National Corp. is building a $25 million semi-trailer manufacturing plant in Franklin, Ky., rather than in its headquarters city of Lafayette because a persistently low unemployment rate drove up wages and complicated efforts to hire workers. Wabash CEO Dick Giromini told analysts in a recent meeting that the lower costs in Kentucky would help […]
Applewood Cinema, an Anderson theater that shows second-run movies, is closing because of the weak economy, according to The Herald Bulletin of Anderson. The rise of home entertainment also is thought to have hurt the theater. Owned by Michigan-based Goodrich Quality Theatre, Applewood had switched in 2004 to showing films that had appeared six to […]
Dutch Housing Inc. will close a manufactured housing plant it operates in LaGrange, the LaGrange-based company disclosed in a filing with the state. The closing will throw 250 employees out of work. Company officials were not immediately available for comment. Dutch Housing is owned by publicly traded Champion Enterprises of Troy, Mich.
Racial drawings and messages were found in a public men’s restroom at Methodist Hospital, according to a statement from Clarian Health, Methodist’s parent organization. Clarian Health’s top officials sent a letter to employees Tuesday to condemn the drawings, threaten disciplinary action and ask for information about their origin. The letter said that “steps were immediately […]
The Indianapolis Colts are inviting fans to create a logo of a horse that is “unique, versatile and fun” for the team’s Design a Horse contest. The Colts will use the winning design…
Only a few Hoosiers are among the 585 people Regions Financial Corp. laid off yesterday after absorbing rival bank AmSouth. Regions, based in Birmingham, Ala., employed about 33,000 people in 16 states before the cuts. The bank has about 250 employees in Indianapolis, and about 680 statewide. AmSouth also is headquartered in Birmingham. Three positions […]
IBJ reporter Jennifer Whitson has a scoop on developments at the in-the-works IMA Art and Nature Park. I temporarily turn the blog over to her:
The proposed 1,200-foot walkway and bridge by artist Mary Miss slated to swoop down from IMA’s…
The state of Indiana is satisfied with the results of Marion County’s property reassessment. This morning, the Indiana Department of Local Government Finance approved the new assessment of local residential, commercial and industrial property values via a letter to Marion County Assessor Greg Bowes. IBJ obtained a copy through a public records request. Gov. Mitch […]
Democratic candidate for governor Jim Schellinger wants to base economic development on a bottom-up style that includes work-force training, small-business advancement and pushing green jobs and buildings. Schellinger, president of CSO Architects in Indianapolis, is scheduled to unveil his plans at an early afternoon news conference at the Statehouse. IBJ obtained an advance copy of […]
More fuel for the local v. chain restaurant discussion: Chef Neal Brown is looking to move his popular L’explorateur restaurant from Ferguson Street in Broad Ripple to a new location near Monument Circle….
ReMax Real Estate Groups and ReMax Legends have merged to form ReMax Legends Group. With 88 agents, ReMax Legends Group is the largest ReMax office in the state. Half the new company is owned by ReMax Real Estate Groups owners John Demos and Logan Blackburn. The other half is owned by Judy Cohen, who owned […]
Yesterday I had my first encounter with the new Central Library’s conveyor-belted drive-up drop-off box. And in its own small way, it made me like the library even more — especially when I received a courtesy call saying that we…
The University of Notre Dame will lead a new research consortium that will launch the Midwest Academy of Nanoelectronics and Architectures in South Bend, reports the South Bend Tribune. The academy will attempt to develop the next nanoscale logic device, which is a basic building block of smaller, faster computers. The consortium includes Purdue University […]
Chelsea Clinton has been widely praised for her response to a question at Butler University yesterday about
how Monica Lewinsky might have affected her motherâ??s candidacy for president.
â??I donâ??t think that is any of your business,â?? Chelsea Clinton shot back.
The…
The Anderson Plan Commission has approved an ordinance that would let large companies use icon signage in the city, reports The Herald Bulletin. The rule, passed March 25, would let Nestle construct a 45-foot-tall, 3-D replica of the Nestle NesQuik rabbit leaning against a 40-foot-tall glass of chocolate milk. The company has built a $360 […]
IUPUI’s basketball program has an interesting problem. Its men’s basketball team needs to strengthen its non-conference schedule so it can make a postseason tournament. Postseason exposure would help it gain a stronger fan-following,…
The Lebanon City Council is considering a plan to annex land surrounding I-65 south of the current city limits that would roughly double the city’s acreage, according to The Lebanon Reporter. The area under consideration would be a mile-wide swath, straddling the interstate and stretching south from the city almost to State Road 267. A […]
Indianapolis-based Eli Lilly and Co. has settled a lawsuit brought by the state of Alaska for $15 million, the parties said in a joint announcement early this morning. Lilly admitted to no wrongdoing as to whether it provided enough information about side effects of its Zyprexa schizophrenia drug. Those side effects include weight gain, high […]
What Hoosier hasnâ??t been to Brown County for the fall colors, to shop in Nashville or tromp on the trails
at Brown County State Park?
Yet, as IBJ correspondent Jonathan Hiskes reported in this weekendâ??s edition, prosperity is coming harder and…
