Merrill Tower moving west
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…
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Champ Car files bankruptcy
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 investors lose lawsuit
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 […]
Marcadia inks development deal with Merck
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 […]
Blu-ray not singing the blues
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 exits Midway, Indianapolis jobs spared
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 […]
George pursuing F1 return for 2009
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…
Is Thompson right on jobs?
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…
UPDATE: Finish Line shares fall after sales report
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 […]
Closing empties big Seymour warehouse
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 […]
Lamar buys Hoosier Outdoor billboard firm
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 […]
Cultural Trail wins national kudos
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…
Fed says Midwest manufacturing ‘stable’
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 […]
‘Fair’er by far: a winner at Clowes
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…
Robin Williams puts Roark in orbit
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…
Energy and farmland values
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…
Farmland values surge on growing farm income
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 […]
Indiana avoids budget shortfall list
A new report by a Washington, D.C., think tank shows 25 states expect budget shortfalls in their 2009 fiscal
years. Illinois and Kentucky are on the list issued by the Center on Budget and Policy Priorities, but Indiana
isnâ??tâ??at least…
Another critic bites the dust
The Los Angeles Times has decided it doesn’t need a full-time dance critic and so Lewis Segal is now out of a job.
What does that matter to you?
Well, it’s no secret that daily newspapers are placing less emphasis on arts…
Indy trails in sponsor exposure race
Recently released data shows NASCAR’s Daytona 500 is still miles ahead of the Indianapolis 500 in terms of value the race delivers to sponsors. But, with the unification of the Indy Racing League…