More closings, some temporary
The Music Mill, a north-side restaurant, bar and concert venue, has temporarily closed its restaurant for a renovation. The box office remains open at the 82nd Street facility.
Seven nightclub in Broad Ripple…
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Super hero museum closes
Superman leaps tall buildings in a single bound (note: If he can fly, why does he bother leaping? Just asking).
Dane Nash took his own enormous leap—of faith—when he decided to put his Superman and Batman memorabilia collection—including a full-sized Batmobile…
GramTel acquired by Cincinnati Bell
South Bend-based GramTel USA Inc. has been acquired by Cincinnati Bell Inc. for about $20 million. GramTel, which was a unit of Chicago-based Jordan Industries Inc., provides disaster recovery, data backup and related services. It expects to post revenue of about $5 million for 2007, a 73-percent increase from 2006. In early December, Cincinnati Bell […]
Brazil truck trailer maker lays off 130 workers
Georgia-based Great Dane Trailers has laid off 130 workers at its plant in Brazil in west-central Indiana, reports The Tribune-Star in Terre Haute. The company said a downturn in the housing and automotive markets prompted the layoffs at the plant, which employs about 1,000. Great Dane officials expect the market to turn around in the […]
Bankrupt Evansville metal-plating firm closes
Miller Plating & Finishing LLC in Evansville closed at the end of the year after a struggle with bankruptcy, according to the Evansville Courier & Press. About 90 workers lost jobs at the company, which focused on plating and polishing metal. Miller sought Chapter 11 bankruptcy protection and then filed Chapter 7, placing its assets […]
Taxing lawyers, docs, Realtors
Your lawyer probably isnâ??t complaining. Neither would your doctor, Realtor or accountant.
In all the talk about reforming property taxes, hardly a word has been said about shifting some of the
property tax burden to services.
That means some of the most…
Lilly stock shoots up after recommendation
Shares of Eli Lilly and Co. jumped more than 4 percent today after a Morgan Stanley analyst upgraded the stock to “equal weight” from “underweight.” After opening at $53.16, the shares rose as high as $54.49; the stock traded near $54.10 early this afternoon. Morgan Stanley broker Jami Rubin said Wall Street’s fears about Lilly […]
Will oil really hit $200?
Bloomberg carried a story today saying some of the hottest oil investments are options on the New York Mercantile
Exchange to buy oil for $200 a barrel. Presumably at least some investors think oil prices are going to
double.
Weâ??ve already…
New mutual fund launched in Carmel
A father and son have started a mutual fund in Carmel based on an investment strategy they used for their personal investments, and which they say left Standard & Poor’s 500 returns in the dust. Bob Auer, who was vice president of investments at Morgan Stanley from 1986 to August 2007, and his father, Bryan […]
Condos take shape atop building
Construction has begun on a project that will add 18 condos and four penthouses to the top of a historic four-story office building at 429 N. Pennsylvania St. The project, dubbed…
You-review-it Monday
This weekend, I caught Dance Kaleidoscope’s “Funny Feet,” The Phoenix Theatre’s “End Days,” Beef & Board’s “Run for Your Wife” and stopped in, briefly, at the Midwest Museum of Contemporary Art’s “Backyard” at the Harrison Center.
In short, I spent a…
Great Lakes Compact likely to get Indiana OK
A ban on drawing greater amounts of water from the Great Lakes is expected to pass the Indiana General Assembly this session, according to the Post-Tribune of Merrillville. The Great Lakes Compact – agreed to by governors of eight states and two Canadian provinces – would prohibit new and increased diversions unless the governors approved. […]
Markets ponder $200 oil this year
Traders are running up the price of oil on the New York Mercantile Exchange despite some analysts’ predictions that oil will fall as the economy slows. In the past two months, $200 options have increased 10-fold, to 5,533 contracts, according to Bloomberg. That’s the fastest-growing bet on oil. Matthew Simmons, chairman of an energy-focused investment […]
VOICES FROM THE INDUSTRY: Annual reviews can help prevent financial horror stories
Sharing stories of success are always a lot more fun for me than horror stories. Nevertheless, much like staring at an accident on the side of the road, most people can’t help but find them more interesting. Of course, you have recently completed your annual review with your financial professional. If not, schedule one as soon as you complete reading your IBJ. Here are two stories to illustrate why it is important. A near-miss The first story goes like this:…
A&E: One more added to Best of 2007
Last week, I expounded on 11 of the most intriguing performances and exhibitions that I caught in 2007. But that list was compiled before I visited the Eiteljorg Museum for its Fellowship show. Having stopped in during the final days of 2007, I’m compelled to add the show as a 12th item on that list. And so, for the record: 12. “Diversity & Dialogue: The Eiteljorg Museum Fellowship for Native American Fine Art” The idea of Native American artists shattering…
Burn foundation targeting campus fire deaths: Federal grant will help carry DVD’s message to thousands of colleges
A local not-for-profit has received a $1 million grant to help keep college kids safe from fires, some of which are set as pranks. The People’s Burn Foundation will begin pilot testing a DVD video on fire prevention and mail a final version to nearly 5,000 colleges and 38,000 fire departments, starting in April. The video was funded largely by a $1 million grant from the U.S. Department of Homeland Security. It’s the latest in a string of grants received…
Rash of deals saves Gazelle venture-capital fund
Back in 1999, investors in Gazelle TechVentures expected a sprint to spectacular profits. Instead, they got a marathon slog.
According to Gazelle Chairman and largest investor Scott Jones, it was like training for a race on a sunny day, then running
it through a blizzard.
ECONOMIC ANALYSIS: Those fearing China’s economic prowess miss the point
Fear of China is a staple of protectionist rhetoric. Concern about China’s emergent power comes from the formerly thoughtful broadcasters from CNN, the presidential primary trail, the Pentagon and, of course, the blogosphere. What really is China’s economic role, and what do we have to fear? China’s billion souls, strategic location, emergent market economy and long history of tyranny make it an interesting, and now quite dynamic, area of study. China’s economy looks to be a powerful engine of growth,…
EYE ON THE PIE: Change economy to raise incomes
My holiday gift was the latest quarterly data from the U.S. Bureau of Economic Analysis. Santa put them in my e-mail box and I played with them when not attending to ritual family matters. Yes, personalincome numbers for all the states right up to the third quarter of 2007. Oh, joy; oh, ecstasy-feeding my lascivious quantitative desires. And what did I find? Over the past year, the third quarter of 2006 to the same quarter of 2007, Indiana has ranked…
STATEHOUSE DISPATCH: Agendas vary widely as tax-reform efforts heat up
How did it all seem so simple back in September? The reality of reform is sinking in for lawmakers and interest groups. Hoosiers who demanded serious property tax reform in November-and expected their wishes to be fulfilled-now see indications that the road to reform may be bumpier than foreseen. The property tax reform plan detailed in late October by Gov. Mitch Daniels was initially largely well-received by voters and lawmakers, but after it rattled around for a while and the…