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When Indianapolis Motor Speedway and Formula One parted ways this summer, more than one person in Indianapolis
muttered, â??Good riddance.â??
F1â??s leader, Bernie Ecclestone, was viewed as arrogant, pushy and greedy. Just the same, the city likes the
prestige of hosting…
A final discussion question to consider today: What retailers, restaurants or development methods are missing from Indy? Plenty of new names are entering the market, and “green” building seems to be gaining…
Indy Racing League driver Helio Castroneves wasn’t the only winner during Tuesday’s Dancing with the Stars finale. The two-hour show posted an overnight 23 rating, with a 32 share, making WRTV-TV Channel 6 the most-watched ABC affiliate in the country, according to New York-based Nielsen Media Research. The show’s ratings were higher than any other […]
Clarian Health wasnâ??t able to get its $75 million medical complex near Muncie off the ground partly because
doctors balked.
So much sentiment poured out in favor of the home team, Ball Memorial Hospital, that Clarian couldnâ??t sign
enough doctors to…
Clarian Health has decided not to follow through on a medical park it planned near Muncie because, among other reasons, it couldn’t sign enough doctors. The president of the Delaware County commissioners, John Brooke, said a Clarian official told him yesterday that the medical complex wasn’t viable because too few doctors were willing to be […]
The Fort Wayne City Council has approved the city’s purchase of Aqua Indiana Inc., a water and sewer utility owned by Pennsylvania-based Aqua America Inc. Fort Wayne City Utilities has offered $16.9 million for the private utility, although the seller says the price is too low. The city says it is taking over the utility […]
Conseco Inc. will transfer 120 of its 2,300 Carmel employees to a Minnesota company, under a plan the insurer announced today. The employees, who make up nearly two-thirds of Conseco’s long-term care team, still will work from Conseco’s offices on its Carmel campus. Along with the employees, Conseco will shift administration of 170,000 of its […]
About three months after the Indiana Fiscal Policy Institute quietly closed its doors, the board has decided to make a comeback with a new leader charged with fewer duties. Board President Bob Kraft said the organization hopes to hire an executive director – who will oversee research and policy development – by February. Fund raising […]
Marriott International Inc., the Bethesda, Md., hotel chain, plans to construct a building near the Purdue University campus in West Lafayette that will house two hotels, the city announced Nov. 27. The building, which is to be completed by December 2009, will have a 151-room Spring Hill Suites and a Fairfield Inn & Suites with […]
A chunk of the Midwest saw economic growth slow in October and early November, the Federal Reserve Bank of Chicago said yesterday in its Beige Book report. However, even though businesses ratcheted back spending, spending by consumers was mixed. The report is issued eight times a year based on interviews and other means of gathering […]
Sam Zell, the Chicago billionaire who in April paid $8.2 billion to win a bidding war for Chicago Tribune parent Tribune Co., has accumulated more stock in Jefferson barge builder American Commercial Lines Inc. Nine of Zell’s affiliates, including Chai Trust Co., increased their position to 25.5 percent of American Commercial Lines, from 24.5 percent […]
The Wall Street Journal carried an interesting op-ed piece yesterday by a researcher who claimed cities are
putting their eggs in the wrong basket by trying to attract young single professionals with a â??brew-latte-and-they-will-come-approach.â??
Joel Kotkin, presidential fellow at Chapman University,…
Profit in Fortune Industries Inc.’s fiscal fourth quarter rose to $602,000, from $536,000 in the same period a year earlier, the Indianapolis-based technology holding company reported today. Revenue in the period ended Aug. 31 fell 9.8 percent, to $43.1 million. For the fiscal year, the company lost $7.8 million on $158.3 million in revenue, partly […]
Several downtown projects, including Lucas Oil Stadium and the JW Marriott, will add new dimensions to a skyline that hasn’t changed much in the last dozen years. What is your favorite building…
A German company that makes pipes, containers and other plastic parts for the auto, heating and medical industries is opening a plant in New Castle because the weak value of the American dollar lowers the cost of the investment. Founder Claus Koetke told The Star-Press of Muncie that he located the facility in the eastern […]
Former Conseco Inc. CEO Steve Hilbert says he isn’t the as-yet-unidentified individual who has reached an agreement to buy the Carmel mansion that he built in the 1990s. “We are not involved whatsoever in the purchase,” Hilbert told IBJ. “I have people on the street every day say, ‘Hey, are you going to buy that […]
OneAmerica Financial Partners Inc. says it has reached an agreement to provide administration and marketing for a big Japanese insurer that’s entering the medical stop-loss market in the U.S. Locally based OneAmerica’s agreement with a subsidiary of Nippon Life Insurance Co. takes effect Jan. 1. Medical stop-loss insurance limits losses on self-funded insurance plans. A […]
Stock in Tennessee-based Genesco Inc. is down nearly 11 percent today after the mall retailer revealed late yesterday that federal prosecutors had issued it a subpoena. The shares rallied briefly early this morning, and then fell $3.27, to $26.90. The move by the U.S. Attorney’s Office for the Southern District of New York suggests the […]
William Crouse Jr., 39, of Greenwood, has been sentenced to 57 months in jail after he pleaded guilty to embezzling health care premiums and laundering money through his company, TRG Marketing. The company sold health care coverage through TRG Health Plan. Crouse embezzled more than $1 million of premiums, using about half of it to […]
Shipments of recreational vehicles are on track this year to fall for the first time since 2001, when the last recession ended, and the downturn is prompting experts to wonder if another recession could be on the way, according to Bloomberg. Recessions in the early 1980s, early 1990s and 2001 each were preceded by two […]
