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Good news for housing market?

Local homeowners tired of all the bad news about the housing market likely will be encouraged by data in a recent Fortune Magazine article. The magazine studied the correlation…

Wood-Mizer finishes sale to employees

A shift in ownership of Wood-Mizer Products Inc. to its employees was completed Nov. 16 when employees acquired remaining shares in the Indianapolis manufacturer of portable sawmills. Co-founders Don Laskowski and Dan Tekulve sold 53.9 percent of Wood-Mizer to an employee stock ownership plan, or ESOP, in June 2004. The ESOP bought a small percentage […]

Unions gaining, losing ground

Unions are experiencing mixed results.

The United Auto Workers lost clout during negotiations with Detroit car companies this year.

Yet, the Service Employees International Union is forcing janitorial firms to the table in Indianapolis, Cincinnati
and other cities. And workers at Casino…

Three companies to create 152 jobs in Angola

The northeastern Indiana town of Angola will see three companies expand or open new operations-creating a total of 152 jobs by 2010, according to the Indiana Economic Development Corp. Supreme Building Technologies, a start-up builder specializing in small modular buildings for the food and beverage industry, plans to make an existing facility home to its […]

Brightpoint buys 9 percent of rival

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 […]

Fixing a crumbling canal walk

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…

IU partnership snags $60M HIV/AIDS grant

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 […]

WellPoint signs Cigna exec as executive VP

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 shares tumble on Finish Line news

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 […]

Fort Wayne company to expand, add 55 workers

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. […]

Braly tops Journal list of women to watch

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 […]

Holding company buys Hilliard Lyons

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 […]

Japanese firms drive solid growth in Seymour

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. […]

A&E: A Mass Ave gallery showcases poster artist

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…

Commentary: Let’s welcome Hilbert back

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…

What’s new is old for Brooks: Former U.S. attorney finding familiar ground in Ivy Tech positions

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….

Concert hall component would test demand

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.

SPORTS: The Irish fired-and hired-themselves into a stew

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…

‘Mini meds’ latest medicine for rising health care costs: Employers begin to embrace limited-benefit plans

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…