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MainSource Financial Group Inc., a bank holding company in Greensburg, said today it has acquired Louisville-based 1st Independence Financial Group Inc. in a cash-and-stock deal valued at $37 million. MainSource said the transaction brings a long-desired presence in Kentucky. 1st Independence has eight branches in Kentucky and Indiana. The deal has been approved by directors […]
Sharon McShurley, Muncie’s new mayor, is scrutinizing economic development spending after learning the $1.5 million in income taxes the city collects annually will fall short by about $89,000. McShurley, a Republican who stunned Democrat Jim Mansfield in a recount in December, said she is considering reallocating some economic development dollars to matching funds that would […]
The local stop on the ATP Tour now will be known as The Indianapolis Tennis Championships Presented By Lilly. Eli Lilly-which will use the tournament to promote specific drugs such as Humalog…
Adam Herbert agreed with Athletic Director Rick Greenspan’s recommendation to hire basketball coach Kelvin Sampson, the former IU president said in an interview published today in The Florida Times-Union of Jacksonville. In his first interview about Sampson and the recent NCAA allegations about improper recruiting calls, Herbert said he, Greenspan, Sampson and two IU trustees […]
What to make of the New York Philharmonic’s decision to include a concert in North Korea on its latest musical road trip?
Conductor Lorin Maazel explained: “Music is a powerful language in which those of us who are humane and intelligent…
A new statewide poll shows a high correlation between registered voters who intend to vote for Democratic
presidential candidate Barack Obama and incumbent Republican Gov. Mitch Daniels.
Obama and Daniels are almost polar opposites philosophically, so what gives? Mostly…
Despite rumors-and a report in this space yesterday-that WellPoint will be announced as a title sponsor of the Indianapolis Tennis Championships today, WellPoint and tournament officials say that’s not the case.
Officials for the Indianapolis Tennis Championships, formerly the RCA Championships,…
The Anderson Parks Board has agreed to let the city’s redevelopment commission sell land that Hoosier Park horse track sits on to the track’s owner, Indianapolis-based Centaur Inc. Hoosier Park leases the land for nearly $190,000 a year, according to The Herald Bulletin of Anderson. Centaur would buy the land for $750,000 over five years […]
With Indiana’s Democratic primary election looming May 6, Barack Obama leads rival Hillary Clinton by a margin of 40 percent to 25 percent, according to a poll released yesterday. Obama holds commanding leads over Clinton among men, women, African-Americans, whites and young people who were registered to vote, according to the poll, which was conducted […]
AAR Corp., the Wood Dale, Ill., company that took over the abandoned United Airlines repair base three years ago, said it hopes to add more than 300 workers this year in Indianapolis. Mayor Greg Ballard is expected to attend a press conference early this afternoon announcing the expansion. AAR currently has 925 employees working in […]
Buffalo Wild Wings hopes to be back downtown by summer. The restaurant chain plans to take about 6,800 square feet next door to Borders at the southeast corner of Meridian…
It was a big weekend in Indianapolis. A record 420 credentialed media poured into town to report on the NFL Scouting Combine at the RCA Dome, while a 2007-08 league-high 12,575 fans…
A reorganization by New York-based bank giant Citigroup has resulted in 194 layoffs at the company’s statement-processing offices in South Bend. The workers were told last week that their jobs would disappear by the end of June, according to the South Bend Tribune. The operation, formerly Associates First Capital, was acquired by Citigroup in 2000.
Stock in Conseco Inc. sank 4 percent this morning after the Carmel insurer said it would restate earnings for nearly the past three years and alter other information as far back as 2003. The shares slumped to $11.62. Conseco said the action will correct errors identified by the company’s process of improving its internal financial […]
Congress and the courts long have tried to balance regulations to try to protect consumers while giving companies
space to operate.
Last week, the U.S. Supreme Court ruled 8-1 to limit lawsuits against medical device makers if the Food…
Catch any of the three Ps this weekend (“Proof” at TOTS, “The Piano Lesson” at the IRT, or Pilobolus at Clowes Hall)? Get to the Indianapolis Art Center or the Symphony?
Or just groggy from watching the Oscars?
Whatever the case, let…
An improved economy might result in construction on the Cabela’s store at Greenwood resuming as early as next year, according to the Daily Journal of Franklin. The project was brought to an abrupt halt by the Sidney, Neb., outdoor retailer in January after the slowing economy began to hurt sales at stores it opened last […]
Clarian Health has acquired a controlling stake in a cardiology practice based at the Indiana Heart Hospital, which is owned
by Clarian competitor Community Health Network.
We’ve come a long way since the beginning of this legislative session, and lawmakers are edging closer to assembling a property tax reform acceptable to both chambers, both major parties and the governor. Lawmakers faced competing pressures from constituents, the governor, business interests, schools and local governments, and citizen groups as they tackled the issue, but they resolved to labor with a minimum of partisanship. Of course, they frequently make the same pledge when dealing with major issues, but an…
The Indianapolis Airport Authority board this month approved spending up to $8.8 million to help fund construction of a hotel connected to the midfield terminal set to debut Oct. 28. But delays in finalizing a deal with developer Mansur Real Estate Services means the $50-million-plus Westin will not be ready for guests until August 2009 at the earliest. The airport board picked Indianapolis-based Mansur to build the hotel nearly a year ago. “We’re still talking about what it’s going to…
