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The soft economy might feel like a recession, but isn’t, and conditions won’t deteriorate into a recession. That’s the take of 62 economists surveyed by Bloomberg from Jan. 3-8. Their median estimate predicts the economy will grow 1.5 percent through June, the slowest since the final three quarters of 2001. One of the economists, Mickey […]
WellPoint Inc. has appointed Brian A. Sassi as CEO of its consumer business unit, which includes the individual, senior and Medicaid arms of the Indianapolis-based health insurer’s operations. By Feb. 1, Sassi will replace Joan Herman, who announced in October that she planned to retire by mid-2008. Sassi was president of Blue Cross of California, […]
A sluggish radio market continued to plague Emmis Communications Corp., which today reported a fiscal third-quarter loss of $2.1 million. The locally based media company showed a $946,000 profit a year earlier. Revenue in the three months ended Nov. 30 was $91.7 million, up slightly from $91.2 million last year. Radio revenue fell 3.2 percent, […]
Nearly 103,000 visitors took in the Indianapolis Museum of Art’s recently closed exhibit “Roman Art from the Louvre,” setting an attendance record for a traveling exhibit at the IMA. The collection of Roman artifacts opened Sept. 23 and closed Jan. 6, logging 102,980 visits and eclipsing the previous record holder, “Gifts to the Tsars.” That […]
An insurance company headquartered in Fort Wayne has refused to offer a property policy to a Michigan church
that belongs to a denomination that backs gay rights.
Brotherhood Mutual Insurance Co., says the risk of insuring West Adrian United Church of…
The U.S. Food and Drug Administration has approved once-daily use of Cialis, the anti-impotence pill made by Eli Lilly and Co., the Indianapolis drugmaker announced today. The once-daily version is a lower dose designed to allow men to have sex at any time between doses. It already has been available in parts of Europe. Since […]
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…
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…
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 […]
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 […]
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 […]
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…
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 […]
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…
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 […]
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…
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…
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. […]
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 […]
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:…
