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Brightpoint Inc. said in a new regulatory filing that it invested $7.3 million to acquire a 9.1-percent stake in Maryland-based TESSCO Technologies Inc. TESSCO competes with Plainfield-based Brightpoint in the wireless-phone logistics business. In a press release, Brightpoint said it purchased 470,000 shares of TESSCO because “it believes that the shares are currently undervalued in […]
The oldest portion of the downtown canal walk could soon get a $3.2-million upgrade. The city is finalizing plans for new pavement, stairs, retaining walls, lighting and railings along…
AMPATH, a program that grew out of the partnership between Indiana University School of Medicine and Kenya’s Moi University Teaching and Referral Hospital, has received a 5-year, $60-million grant to prevent and treat HIV/AIDS in Kenya. The grant, announced today in Nairobi, comes from the U.S. Agency for International Development and is part of President […]
John Cannon, formerly senior vice president and deputy general counsel at CIGNA Corp., has joined WellPoint Inc. as executive vice president and general counsel. The appointment takes effect at WellPoint on Dec. 10, the Indianapolis-based health insurance giant announced yesterday. Cannon will oversee legal strategy, legal compliance, litigation and regulatory matters. “We are very pleased […]
Genesco Inc. stock plunged 23 percent today after a banker for Indianapolis-based Finish Line Inc. asked a New York judge to allow it to withdraw financing for Finish Line’s $1.5 billion acquisition of the Tennessee mall retailer. The shares plummeted to about $30 this morning before rebounding slightly. “The combined Finish Line-Genesco entity would be […]
Angela Braly, WellPointâ??s CEO, has not only made The Wall Street Journal â??s list of â??50 Women to Watchâ??
but she hit the top spot.
Not so long ago Braly was largely unknown right here in WellPointâ??s headquarters city.
Does Bralyâ??s rise…
Baekgaard Ltd., a Fort Wayne company that designs home furnishings and accessories, will build a $3.6 million corporate headquarters and distribution center on Interstate 69 near Fort Wayne, the Indiana Economic Development Corp. announced today. Baekgaard will add 55 jobs to its existing 10 employees as part of the expansion at Silverado Park industrial park. […]
The Wall Street Journal has ranked WellPoint Inc. CEO Angela Braly No. 1 on its “50 Women to Watch” list. It’s an annual ranking of women who Journal editors “believe have the potential to make a significant impact on business in the year ahead.” Braly, 46, became CEO of WellPoint on June 1, making the […]
J.J.B. Hilliard W.L. Lyons Inc., a unit of Pittsburgh-based PNC Financial Services Group Inc., is being sold to Houchens Industries Inc., a Bowling Green, Ky., holding company that owns businesses in construction, insurance, recycling, warehousing and grocery retailing. Financial terms were not disclosed. Hilliard Lyons is a Louisville, Ky.-based investment firm with 10 offices, including […]
Two decades ago the southern Indiana town of Seymour suffered from double-digit unemployment, a degraded tax base and an outflow of residents. Today, the town, located between Indianapolis and Louisville, is adding jobs along with housing, hotels and restaurants. The key was a 1986 decision by Toyota supplier Aisin Seiki to locate its first U.S. […]
One of New York’s premiere poster designers is featured in a solo show at the Dean Johnson Gallery, while one of the most popular stand-up comics in the country stops at Conseco Fieldhouse. Last week I wanted to tell you about the Paula Scher show at Dean Johnson Gallery. Alas, space was short and there wouldn’t have been room to show you any of the work. Where’s the fun in that? Now, with more space, we can show you some…
You gotta love Steve Hilbert. He conceived of an idea and had the strength and focus to achieve an extraordinary result that he sustained over a number of years. … He will undoubtedly return to the grand game of entrepreneurship. If given the opportunity, I would be inclined to invest in his next venture. -July 10, 2000 I penned the above prediction in this column on the anointment of Gary Wendt as CEO and savior of Conseco Inc. After Stephen…
Susan Brooks seems to have returned to her roots in her new role with Ivy Tech Community College. The former U.S. attorney for the Southern District of Indiana began Oct. 1 leading the post-secondary educational institution’s work force and economic development functions, as well as becoming its general counsel. Brooks spent her growing-up years in Fort Wayne watching her father, a high school teacher and football coach, push his students and players on the football field and in the classroom….
Entertainment is a big part of a $480 million development proposed for the south side of downtown–plans include a 3,400-seat
theater to attract the likes of Bruce Springsteen and first-run tours of Broadway shows such as “Wicked.” The question is
whether the city can support another midsize venue.
If you are among those who believe-and I am among them-that the University of Notre Dame treated Tyrone Willingham unjustly three years ago when it fired him as its football coach just three seasons into his tenure, then you probably share my sense that what goes around has come around in South Bend. If you also are among those who believe-and, again, I am among them-that one of the reasons Charlie Weis is a chunky fellow is because he’s so…
Two years ago, Indianapolis insurance broker Greg Wright started hawking an old kind of health insurance in a new way. He calls it a mini med. Others call it a limited-benefit health plan. It allows employers or their employees to pick coverage from a menu of items and receive insurance for only those items. If they don’t pick emergency room visits, for example, they’re not insured for them. It’s the kind of bare-bones benefits some retailers and restaurants, such as…
When I graduated seven years ago with a minor in leadership development, I really thought I knew it all: Leadership theory, group stages of development, change management tactics, etc. My professional career has always been tied to “leadership,” but the more experience I have in the field, the more I struggle with what “leadership” really means. I get frustrated daily when I hear phrases such as “we build leaders,” “we develop leaders for tomorrow,” “leadership is our mantra.” What do…
In a case with huge financial implications for Indianapolis Power & Light and Virginia parent AES Corp., a labor union and
16 IPL retirees have asked regulators to force the utility to pay up to $115 million to back-fund a retirement plan it spun
off in 2001.
Ten times a year, for 24 hours, a select group of executives leaves the comforts of career to embark on an experience meant to mold the participants into better leaders. They gather on Thursday evenings for dinner, bunk overnight at a hotel, and spend the following day listening to the likes of Dennis Perkins, author of “Leading at the Edge: Leadership Lessons from the Extraordinary Saga of Shackleton’s Antarctic Expedition.” Or, they may travel to Saint Meinrad in southern Indiana…
The Indianapolis Newspaper Guild Local 70 filed a grievance Nov. 9 on behalf of fired Indianapolis Star editorial writer RiShawn Biddle. Guild officials expect to meet with Star management this month to discuss Biddle’s dismissal. Biddle was fired Oct. 31 by the Star for using a racial slur in reference to City-County Council President Monroe Gray in an online blog. “We’re acting to protect the contract, and due process,” said Abe Aamidor, a Star reporter and guild president. “We’re not…
