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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 […]
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 […]
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 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. […]
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…
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 […]
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 […]
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…
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 […]
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…
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…
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…
Cummins Inc.’s midrange engine plant in Walesboro will add a week to its Christmas break due to slowing demand for diesel engines in Dodge Ram pickup trucks. The holiday layoff will begin Dec. 17, a week early, and end Jan. 2, according to a spokesman for the Columbus company. About 540 workers are affected. Pickup […]
Columbia Sussex Corp., the Fort Mitchell, Ky.-based owner of Casino Aztar in Evansville, has been denied a renewal of its license to operate the Tropicana Casino and Resort in Atlantic City, N.J. Yesterday’s action by the New Jersey Casino Control Commission is only the second such denial in the 29 years gambling has been legalized […]
If Simon couldn’t revive Lafayette Square Mall, what can be expected from an out-of-town company without the same mall experience? Simon Property Group is selling the 1.2 million-square-foot Lafayette Square Mall to…
The transition team of Mayor-elect Greg Ballard hasn’t decided whether the city should go after Super Bowl 2012. “We absolutely want to do it … but there may be demands the NFL has included that mean we can’t do it,” said Ballard spokesman Robert Vane. On Friday, Indianapolis Convention & Visitors Association President Bob Bedell […]
AAC Management Corp., the company that has agreed to buy Lafayette Square Mall, faces big challenges reviving the flagging property, retail brokers say. The 39-year-old northwest-side mall has lost customers and anchor tenants as new developments to the west and north have siphoned off affluent shoppers, brokers say. “This is a roll-up-your shirtsleeves kind of […]
By J.K. Wall Indiana ranked among the top 10 states for its strength in medical technology, according to a new report from the Advanced Medical Technology Association, a trade group of makers of medical devices, equipment, software and supplies. The report was based on the number of jobs and wages in medical technology companies and […]
The cost of parking is one of the top reasons office space has been a tough sell downtown when compared to the suburbs. But it’s not a problem if you’re the mayor-elect….
Ag Growth Industries LP, a Winnipeg, Canada, maker of grain-handling equipment, will add a location in an existing building in Union City in east-central Indiana, the Indiana Economic Development Corp. said today. The company, which fabricates augers, conveyors, grain storage bins, will occupy the former Union City Body Co. building, which has 163,000 square feet. […]
