Veterans group moving downtown
The Hoosier Veterans Assistance Foundation is renovating a two-story building near the Central Library to serve as its new headquarters. The not-for-profit group, which now is located at the former…
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Steelmaker questions railroad acquisition
ArcelorMittal, the biggest steelmaker in northwest Indiana, is worried about the future of a railroad it uses to annually ship 5 million tons of steel and receive $2 million tons of raw materials. ArcelorMittal competitor U.S. Steel Corp. is selling most of the 198-mile EJ&E Railway, which serves industrial customers in the Chicago area, to […]
Major League Winners
Author and former IUPUI dean Mark Rosentraub is writing another book.
This one, titled “Major League Winners,” focuses on the five U.S. cities he thinks have most successfully used sports as an economic…
Steel processor to expand, add 100 workers
Indiana Steel and Tube, a steel processor in the southern Indiana community of Brownstown, plans to expand and hire 100 extra workers by 2010, the Indiana Economic Development Corp. announced yesterday. The $8 million plant will begin making about 2,500 tons of steel coil this year. The state offered nearly $975,000 in incentives, and the […]
Supplier bankruptcy casts shadow over Chrysler
The immediate future of Chrysler’s operations in Indiana is open to question now that a supplier to the Detroit automaker has sought bankruptcy protection. Friday’s Chapter 11 filing by Plastech Engineered Products Inc. suddenly cut off a stream of plastic parts to Chrysler’s 14 assembly plants, according to the trade publication Automotive News. All 14 […]
Green developer has $20M pipeline
Is green development finally catching on in Indianapolis? The four owners of Casa Verde LLC certainly hope so. The company has plans for a $14-million, LEED-certified condo project in Columbus. In Indianapolis,…
Who will win the banking wars?
Itâ??s no secret that banks are in upheaval thanks to the subprime mortgage crisis and the domino affect mess
itâ??s creating.
In an IBJ story over the weekend, reporter Cory Schouten discusses the local grab for market share, as…
UPDATE: Steak n Shake investor rips bylaw
A dissident investor in The Steak n Shake Co. today blasted the company for changing its bylaws to make it more difficult for shareholders to call a special meeting. San Antonio-based Lion Fund, whose affiliates own 8 percent of Steak n Shake, said in a filing with the Securities and Exchange Commission that it would […]
Seeking your take on the markets
You IBJ readers are a wealthy lot. Our latest survey, taken in September of last year, shows that you had
a $170,700 median household income and the median value of your investments came to $679,700.
Three of four had corporate stocks…
Steak n Shake shields board with bylaw change
The Steak n Shake Co.’s board of directors has thrown up a roadblock to a plan by a dissident investor to oust most of its members. San Antonio-based Lion Fund, whose affiliates own more than 8 percent of the Indianapolis company, wants to get two of its representatives elected to the board at the company’s […]
Manning vs. Manning
The day after the New York Giants’ improbable Super Bowl XLII triumph, sports marketers are already lining up to talk with the game’s MVP, Eli Manning. And there’s speculation that Manning’s sudden success will have a profound effect on older…
Nytes named head of Mapleton Fall Creek
City-County Council representative Jackie Nytes has been hired as executive director of Mapleton Fall Creek Development Corp., the neighborhood group announced today. Nytes replaces Shary Johnston, who is retiring. Nytes was a finalist to replace former Indianapolis-Marion County Public Library CEO Linda Mielke, who left in January 2007. Nytes is a former chief financial officer […]
M&I signs go on First Indiana branches today
The $529 million takeover of First Indiana Corp. ripples to 32 branch locations today, as Milwaukee-based Marshall & Ilsley Corp. hoists its M&I Bank signs into place. Shareholders of First Indiana OK’d the acquisition in December. M&I’s Indiana region president is Reagan Rick, who had been with First Indiana for about three years. He previously […]
Kentucky may add tolls to bridges into Indiana
Kentucky might charge tolls on bridges that connect to Indiana, reports The Evening News of Jeffersonville. In a study released late last week, the Kentucky Transportation Cabinet included eight options ranging from adding tolls to all bridges to just one bridge. The tolls would help pay for the $4.1 billion Ohio River Bridges Project, which […]
Ryder to distribute school supplies at Plainfield
As many as 90 jobs will be created as a result of a recent agreement by Ryder System Inc. to distribute educational materials for K12 Inc. from Ryder’s warehouse in Plainfield, according to the Indiana Economic Development Corp. Ryder, headquartered in Miami, received $139,000 in state incentives for the expansion at Plainfield Business Center at […]
Local Girl Scouts take lead in national consolidation: Larger councils to mean more opportunities for girls
Last year’s merger of five area Girl Scout councils into one central Indiana organization has gone so well that it’s being used as a model for others to follow. Local staffers are being flown around the country-at national Girl Scouts’ expense-to coach other councils on how to achieve the same results. The local merger was the first in a national drive to consolidate far-flung and often uneven Girl Scout councils, reducing their numbers by almost a third. With the local…
VIEWPOINT: Cookie-cutter schools: a fatally flawed idea
What would happen if Congress passed a law requiring every U.S. statehouse to use the exact same building design? And that every city hall, every fire station and library must be built from a canned design? Imagine being told that, from now on, every house in the state would have the exact same design, so homeowners could spend less on design costs. It sounds crazy to think one design fits all, but that’s exactly what lawmakers are considering for educational…
Financial crisis offers opening for banks’ market-share reshuffling
Market observers rank today’s credit crisis on par with some of the ugliest moments in U.S. banking history. News service
Bloomberg predicted fourth-quarter lending losses could make it “the worst earnings period for the financial industry since
the Great Depression.” Yet amid the carnage, financial institutions are sniffing around for opportunities.
Developer with environmental bent has $20M pipeline of projects
Expensive suits and luxury cars are standard issue for most developers, but not for the owners of locally based Casa Verde
LLC. Three of four owners sport beards. They build only Leadership in Energy and Environmental Design, or LEED, certified
projects. But don’t let the hippie image mask the company’s mission: Make green by building green.
A&E: At Herron Gallery, you win some with Wirsum
Usually, the only souvenir you can take home from a gallery exhibition is an artists’ catalogue. Visitors to “Karl Wirsum: Winsome Works(some)” at the Herron Galleries can also buy Karl Wirsum ball-and-paddle toys. Get the message? This show is supposed to be fun, folks. And it is-without diminishing the fact that it celebrates the work of an important artist-in some ways the Midwest’s answer to Andy Warhol. Like Warhol, Chicago’s Karl Wirsum makes significant use of flat, bright colors with…