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Offers to buy Steak n Shake were too low, the Indianapolis-based restaurant chain said late yesterday, and as a result the company will focus on a turnaround plan of improving existing stores. Steak n Shake didn’t disclose the number of offers or their values. A sale was among several plans considered by a special committee […]
Purdue University’s colleges of engineering and technology each will receive $1.1 million in planned gifts from 1976 engineering graduate Rick Kosdrosky and his wife, Cheryl. The donations, announced today, are unrestricted, which means the colleges will be able to use them as they wish. The pledges will be paid when the couple dies. Both Rick […]
The parent company of Circle Centre Mall anchor Carson Pirie Scott has joined a growing list of retailers struggling to stay afloat after disappointing fourth-quarter sales. About half…
The 200-plus workers EDS plans to add at Purdue Research Park will be housed in 45,000 square feet of a new, 78,000-square-foot office building. Called Innovation Center, the building will open in early 2009, the university said as part of this afternoon’s announcement. Many of the new positions will be software engineers and business analysts. […]
Indianapolis Colts tight end Dallas Clark is getting a raise. A big one. Two years ago, Clark was making $650,000. With the six-year contract Clark inked yesterday, he now figures to make $6 million plus per year. That doesn’t approach…
The Service Employees International Union, which has organized janitors in Cincinnati, Columbus, Ohio, and now Indianapolis, begins negotiations today on behalf of 1,500 local janitors after years of contentious organizing efforts. Companies participating in the Indianapolis negotiations are ABM Industries Inc. of San Francisco; Group Services France of Paris; Mitch Murch’s Maintenance Management Co. of […]
Hotel giant White Lodging Services said today it will expand its headquarters in the northwestern Indiana town of Merrillville and add 100 jobs within four years. Two buildings on the town’s southwest side will be renovated at a cost of $4 million. The project will result in 60,000 square feet of space, according to the […]
A few reasons why I’m interested in “The Other Boleyn Girl”:
1. Natalie Portman, still looking for a post-“Star Wars” winner.
2. Scarlett Johansson, ready to step up from the promise of her early, less challenging roles.
3. Eric Bana, in a role…
EDS plans to hire more than 100 workers at a new location in Purdue Research Park in West Lafayette, according to sources familiar with an announcement scheduled this afternoon. The exact number of jobs was not available. The Plano, Texas-based computer services firm would not comment. EDS will hire business analysts, systems and software developers […]
Brian W. Casey, a Harvard University administrator, has been chosen as the next president of DePauw University. DePauw officials were scheduled to make the announcement this morning. Casey, 44, has been associate dean for academic affairs in the faculty of arts and sciences at Harvard since 2005. Prior to that post, Casey was assistant provost […]
Officials and business owners in Yorktown say employees of Marsh Supermarkets claim the grocery store chain is considering moving jobs to their town from the company’s Indianapolis headquarters. However, The Star-Press of Muncie reported, Marsh wouldn’t confirm or deny the talk. Also, Roy Budd, who leads a Muncie-area economic development group called Energize-ECI, cautioned that […]
Construction on the Getrag transmission plant north of Indianapolis will resume Monday, now that the German transmission maker and its partner on the project, Chrysler LLC, have settled a dispute. The companies wouldn’t discuss the issue that caused work on the $530 million project near Tipton to grind to a halt on Dec. 21, according […]
Xenia Miller, the widow of Columbus industrialist J. Irwin Miller, died Tuesday at the age of 90, according to The Republic of Columbus. The Morgantown native supported causes ranging from downtown redevelopment to bringing to Columbus art by Dale Chihuly, whose tower of blown glass is a permanent sculpture in the Children’s Museum of Indianapolis. […]
UPDATE (Feb. 22): Owners of Champ Car and the Indy Racing League completed an agreement in principle today that will unify the sport for 2008, said a statement released at 4:40 p.m. by the Indy Racing League. Several Champ Car…
Republican presidential candidate John McCain is coming to Emmis Communications Corp. headquarters on Monument Circle, McCain’s campaign said yesterday. McCain is scheduled to appear Friday at 9 a.m. Is McCain venturing into enemy territory, considering Emmis CEO Jeff Smulyan traditionally supports Democrats and has contributed to both Hillary Clinton and Barack Obama? “Our lobby is […]
Mercantile Bancorp Inc., a Quincy, Ill., holding company with locations in four states, plans to open a loan-production office in Carmel as the bank’s entry into Indiana. Headed by former First Indiana Bank Vice President Kevin Murphy, the office will focus on business loans of $5 million to $15 million. Mercantile CEO Ted Awerkamp said […]
The city waived several zoning requirements in allowing Simon Property Group to install a giant electronic sign at the entrance to Castleton Square Mall. The electronic portion of…
Businesses and their employees opened pockets last year to enable United Way of Central Indiana to hit a
record $39 million in contributions.
The not-for-profit attributed the good news to hustle by campaign co-chairmen who offered money from their…
Inflation is speeding up and wage growth is slowing down, the U.S. Bureau of Labor Statistics said this
morning.
Blame rising oil prices for the inflation and the slowing economy for the sluggish wage growth, says the
Economic Policy Institute, a…
With all that’s happening on the local sports scene, it’s easy to forget about the NFL Scouting Combine, which begins today in the RCA Dome. The Combine, which was first held in Indianapolis in 1987, is an event that has…
