Danica races into SI swimsuit issue
You can’t say Indy Racing League driver Danica Patrick doesn’t make a splash. Patrick can be found gracing the pages of Sports Illustrated’s annual swimsuit issue, which hits…
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Trustee eyes $9M development
Plans are taking shape for a $9-million, four-story building that would replace a one-story, township-owned structure at 875 Mass Ave. Center Township Trustee Carl Drummer plans to lease the property to Riley Area…
MetLife closing north-side office
New York insurer MetLife Inc. is closing its call center at 9001 Wesleyan Road and shifting the employees to working from home, the company said today. Approximately 89 workers take calls for auto and home claims. The office is located near Interstate 465 and North Michigan Road.
Powerway CEO elevated to chairman
Powerway Inc., an Indianapolis-based developer of manufacturing quality control software, today gave CEO H. Dave Chambliss the additional title of chairman. Prior to his association with Powerway, Chambliss was chief operating officer for Georgia-based Visiprise Inc., which specializes in integrated manufacturing operations solutions. While at Visiprise, he led operations through the company’s acquisition of HMS […]
Township government travails
Center Township Trustee Carl Drummer may be a nice guy, but he sure knows how to squirrel away taxpayer
dollars, IBJ reporter Peter Schnitzler showed us in this weekendâ??s IBJ.
Drummer has racked up a $7.1 million surplus â??…
Smart strategy or spinning wheels?
While the lights for an Indy Racing League-Champ Car merger appear to be turning green, smoke is apparently pouring from Champ Car’s balance sheet. Two well placed sources confirmed Champ Car will likely file bankruptcy, possibly as early as today.
Champ…
Union wins at Towne first time in 42 years
Approximately 40 truck drivers employed by Towne Air Freight LLC in Indianapolis have voted to be represented by the International Brotherhood of Teamsters. It was the first time in Towne’s 42-year history that drivers have opted to join a union. The South Bend company had rebuffed four previous attempts over the decades. Drivers operating out […]
Do doctors make too much money?
Health insurance companies including Indianapolis’ own WellPoint Inc. have been relentless in trying to suppress
spiraling health costs. So relentless, in fact, that doctors are pushing back.
Physician groups in Kokomo, Rushville and other cities are refusing to take new patients…
Illegal immigrant bill hearing tomorrow
A hearing about legislation that would penalize businesses that knowingly hire illegal immigrants begins at 9 a.m. tomorrow before the House Committee on Public Policy in the House chamber at the Statehouse. The bill, authored by Sen. Mike Delph, R-Carmel, has passed the Senate, and makes it a misdemeanor for transporting, shielding from detection, concealing […]
Brightpoint to add Google functions to phones
Plainfield-based wireless device distributor Brightpoint Inc. today announced that it has inked a deal to add Google Inc.’s services to cell phones. Under the deal, Brightpoint will install Google Search and Google Maps on a range of smartphones. “It is a major deal for us,” said Brightpoint CEO Bob Laikin. “Aligning Brightpoint with Google is […]
Steak n Shake critic officially launches fight
A Texas-based investor group today officially launched its campaign seeking two seats on the board of The Steak n Shake Co. The San Antonio-based Lion Fund filed papers with the Securities and Exchange Commission seeking the election of the fund’s Sardar Biglari and Philip Cooley at the company’s annual meeting next month. The hedge fund, […]
Arcadia shares fall following loss
Arcadia Resources Inc. reported today that it lost $3.7 million in its third fiscal quarter, about the same as a year earlier. The latest loss was driven in part by discontinued retail clinics. But the company, which moved its headquarters to Indianapolis from Michigan last fall, stressed that cash flow from continuing operations in the […]
Four score and a canal conundrum
A community group is calling on state and local government officials to preserve a one-acre lot along the Central Canal as Lincoln Park in honor of the former president. The narrow strip…
Batter up: Indians score big profit
While it’s still frigid outside, it will be heating up inside the corporate offices at Victory Field today, where the Indianapolis Indians will conduct the franchise’s annual shareholders meeting at 3 p.m. It’s difficult to say how the team will…
Bonds may portend year-end recovery
Trends in five-year Treasury bonds suggest the economy will be recovering from its slump within nine months, according to Bloomberg. The five-year Treasury and its relationship to other Treasuries was an indicator of recovery from recessions in 1990 and 2001. In recent days, the five-year Treasury has fallen to its lowest level since 2001 compared […]
Anthem, Clarian sign Medicaid pact
Anthem Blue Cross and Blue Shield and Clarian Health have formed a partnership to serve Indiana’s Medicaid recipients. The new agreement means Medicaid participants can go to one of Clarian’s five hospitals in the Indianapolis area, as well as LaPorte Hospital and Bedford Regional Medical Center. Anthem oversees health benefits for 123,000 Medicaid patients in […]
Opposition to Terre Haute land swap growing
More than 2,500 people have signed petitions opposing a proposed land swap that would make room for more retailing in Terre Haute. Responding to rising retail competition from Plainfield and Evansville, Terre Haute developers Gibson Development and Thompson Thrift want to swap 72 acres they own plus pay $9.2 million in return for the county […]
Trustee inches toward redeveloping property portfolio
Center Township Trustee Carl Drummer and his predecessors have stockpiled more than money over the years. The trustee’s office
also holds a portfolio of mostly undeveloped properties worth at least $10 million. Several key parcels have been on the trustee’s
books-and off the tax rolls-for decades. Drummer has made some progress in finding uses for the properties since an IBJ special
report first questioned his holdings in November 2006. But it would have to be measured in inches. The most…
Commentary: A story we all should heed
Last month, Brightpoint Inc. Chairman and CEO Bob Laikin was honored with Indiana University’s Distinguished Entrepreneurs-In-Residence Award. If the selection committee was looking for an executive with pluck, it chose well. The IU Kelley School of Business hosts the Distinguished Entrepreneurs-In-Residence program to inspire students and help them learn about the challenges of starting or expanding an emerging business. Laikin’s tumultuous and exciting journey left the students as dizzy as a day-long ride on the Kings Island Beast. Laikin founded…
Uphill battle ahead: State poses tough test for new enviro leader
By the time Jesse Kharbanda earned a Rhodes scholarship to study at Oxford, the University of Chicago student already knew he wanted to advocate environmental policies in the developing world, someday. Eight years later, some might say Kharbanda has landed in the developing world, all right-Indiana, insofar as it’s considered the backwater of environmental stewardship. One might recall the state’s 49thplace ranking in a 2007 review of “greenest” states by Forbes magazine. Only West Virginia-a national leader in illiteracy-scored worse….