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FUNNY BUSINESS: ‘Twas the office pitch-in before Christmas

I love this time of year … the lights, the music, the hustle and bustle of shoppers rushing from optometrist to optometrist trying to use up their flex spending money before the year runs out. And then there are the holiday greetings. How meaningful and thoughtful they are, especially the ones that begin, “Due to lower-than-expected performance in the first three quarters, the traditional holiday bonus will this year be replaced with the enclosed certificate good for 50 percent off…

EYE ON THE PIE: The soul-searing side of shopping

For me, shopping at any time, any place is an ordeal. However, from time to time, I am pressed into service by our household purchasing agent. My role is either to be a surrogate buyer or just the designated driver/hauler. When a surrogate I am sent out with lists of desired substances. These lists might work for a less conscientious, or more sophisticated, person. After all, five pounds of sugar or flour can mean only just that. However, I find…

eGix buyout sets up Bell battle

The fiercely competitive local telecommunications landscape should get even more heated, following Cincinnati Bell Inc.’s
$18 million acquisition of Carmel-based eGix Inc. eGix provides bundled voice and data services, as well as high-speed Internet
access and messaging products, to about 17,000 commercial customers.

A&E: ‘Scoundrels’ con at Clowes; we play games at home

This week, thoughts on “Dirty Rotten Scoundrels” at Clowes Hall,” new games from Indiana manufacturer Fundex, and a handful of holiday movie releases. The con game musical “Dirty Rotten Scoundrels” jauntily bounced into Clowes Hall on Dec. 11 for a week-long stay and withstood a lifeless opening 15 minutes or so before at last making a connection with the crowd. Swinging charts, clever lyrics, relatively foolproof physical comedy moments and a patient crowd willing to chuckle at every smutty line…

Eye research could spawn biotech product: Cornea Research Foundation aims to reduce global shortage of corneal transplants

Peering into a high-powered microscope in cramped, shared lab space at Indiana University Medical Center, Dr. Juan Carlos Grandin is trying to see a solution to a worldwide problem: a shortage of corneas available for transplants. If he’s successful, Grandin’s work could one day lead to a new biotech product for an Indianapolis company. Officials from Indianapolis-based EndGenitor are watching the project but currently have no stake in it. At the very least, Grandin’s work provides a bit of prestige…

ETS turns city into world’s tanning-bed capital: Company produces 24 models for home, business use

Indianapolis-based ETS Tan Inc. is the world’s largest manufacturer of tanning beds, annually churning out twice as many as its nearest competitor. Yet, the company founded in 1984 by Trevor and Edna Gray has plans to boost production, thanks to new ownership that has the financial clout to make it happen. In August 2006, MH Equity entered the indoor tanning industry with the purchase of Sunshine Holdings, the umbrella company for ETS, Australian Gold and software provider Helios LLC. MH…

Lilly’s plan to outsource more work is good news, bad news

Eli Lilly and Co. will shrink itself with “great intensity” over the next few years, in part by
outsourcing. For other local life sciences firms, that’s a fat pitch for new business. But it’s not clear if non-Lilly firms
can grow fast enough to offset the jobs and wages Indianapolis will lose from Lilly.

Should city embrace hotel union?

Just when you thought plans for a new downtown convention hotel were set to go forward, four City-County
Council members want the full council to essentially force the new hotel to employ union workers after it
opens.

The City-County Council, which…

Council vote could threaten convention hotel

Backers of the $250 million convention hotel project slated for downtown are raising alarm bells about a City-County Council resolution they say would kill the deal between the city and developers. The resolution, sponsored by Democratic council member Joanne Sanders, requires the hotel to have a “labor peace agreement” to get city financing. The Bond […]

Ex-Purdue president to lead library strategy

Former Purdue University President Martin C. Jischke and his wife, Patty, will co-chair a strategic planning committee charged with identifying service and programming priorities as well as funding opportunities for the Indianapolis-Marion County Public Library over the next five years. The Jischke-led strategic planning process will begin in the first quarter of 2008. As part […]

Study: Angel returns match other investments

Angel investors – wealthy people who toss money at fledgling companies – received about the average rate of return as other types of private equity investments, according to a survey of 539 U.S. angels. The average rate of return of angel investments was 2.6 times the investment over a period of 3.5 years. “This average […]

Republic to buy back $100M of its shares

Republic Airways Holdings today announced plans to repurchase as much as $100 million of its common stock, a move that helps lift earnings per share for the company at a time merger rumors are swirling around its big airline customers. Republic shares late this morning were trading at $19.90, up 2.5 percent on the day. […]

End Times/Good Times

Today, “I am Legend” opens in theaters and “The Mist” is still lingering. I’m hoping to see both this weekend.
Next month, “End Days” opens at the Phoenix Theatre, and Spotlight Theatre will stage the apocalyptic “Early One Evening at the…

Greenwood panel bans new I-65 gas stops

New gas stations and auto service shops will be barred from Greenwood’s two Interstate 65 interchanges if the city council approves a unanimous decision reached this week by the city’s planning commission. Truck-oriented businesses such as body shops and storage yards also will be banned. The city wants to lure high-end retail and other attractive […]

India rebuffs Lilly patent claim on Cialis

Regulators in India have rejected a patent claim by Indianapolis-based Eli Lilly and Co. for its Cialis erectile dysfunction drug. The drug’s basic components were synthesized in 1970 by Indian scientists at a government body that researches pharmaceuticals, the Central Drug Research Institute, an Indian drugmaker contended. Moreover, drugmaker Ajanta Pharma argued, the Indian scientists […]

A greasy-spoon grudge match

Long a staple in the South, Huddle House diners are beginning to pop up in Indiana. Can they outmatch Bud’s Chili and Alice’s Iced Tea over at Waffle House? The first Indianapolis-area…

Haynes shares slide despite huge profit gain

Investors are selling off stock in Kokomo-based Haynes International Inc. despite a glowing earnings report yesterday. Shares in the maker of precision alloy parts for aerospace and chemical processing are down to $78.88 each this afternoon from $84.50 at yesterday’s close. The sell off came after Haynes reported fiscal fourth-quarter profit shooting up 73.8 percent […]

Amendment for houses of worship

State Sen. Pat Miller says sheâ??s looking to the future by proposing a constitutional amendment that would
protect churches and other houses of worship from someday being taxed.

Itâ??s not a â??crisis today,â?? but could become a problem in the future…

Mellencamp in the Hall of Fame

Just moments ago, it was announced that John Mellencamp will be inducted into Cleveland’s Rock and Roll Hall of Fame. A celebration of the honorees will occur March 10 at the Waldorf-Astoria in NYC.

 Is it too early for Mellencamp? Too…

The Broadway series: What’s next?

A decent enough production of “Dirty Rotten Scoundrels” is being presented this week at Clowes Memorial  Hall as part of the Broadway in Indianapolis series (my review will appear in the upcoming IBJ) and lobby speculation at Tuesday’s opening had…