Regulators seek mortgage reforms
State regulators want more firepower to fight mortgage crimes. But a month before the General Assembly convenes, real estate
interests are uneasy, fearing lawmakers may go overboard.
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Minorities, women turn to franchises: Proven business systems offer more opportunities
Betsy Knoke’s northeast-side business is the latest addition for Colorado-based 10 til 2, a franchised staffing service that places college-educated individuals in part-time employment. On a grander scale, the landscape-architect-turned-business-owner is among the scores of women and minorities who are finding business opportunities through franchises. A report issued in October by the IFA Educational Foundation found minorities own 20 percent of the nation’s franchises and women 25 percent. The affiliate of the International Franchise Association in Washington, D.C., used U.S….
Gatorade inventor’s death recalls local links: Stokely-Van Camp launched sports drink here in 1960s
Gatorade’s inventor, Dr. J. Robert Cade, who died Nov. 27 in Gainesville, Fla., left a legacy in Indianapolis that stretches back four decades to the birth of the multibillion-dollar sports drink industry. The invention became a blockbuster product for an Indianapolis-based company and spawned the creation of an Indianapolis-based trust that has doled out tens of millions of dollars in royalties to inventors and other beneficiaries. The city continues to get an economic jolt from Gatorade, with nearly 500 local…
IPS superintendent doesn’t shy away from challenges
Indianapolis Public Schools Superintendent Eugene White, in his third year as head of the state’s
largest school district, is determined to reverse the long decline of the state’s largest school district. The status quo
is not an option.
SPORTS: A greedy impasse makes radio relevant again
Of this, that and the other: A fond childhood memory is of summertime evenings spent with my father on the screened-in back porch of our farmhouse. While my dad enjoyed a cigar and a frosty libation after a hard day’s work, we would dial in either a Cincinnati Redlegs or Chicago White Sox game on the radio. There, as the sun went down and the flickering dance of the lightning bugs became visible, we’d follow through the static the exploits…
Local hospitality market continues expanding: Last year’s numbers are in; this year looking strong
More visitors are coming to Indianapolis and spending more money, leading to more jobs in the local hospitality industry, a soon-to-be-released report from the Indianapolis Convention and Visitors Association shows. And that’s likely to continue, given the numbers predicted for 2007, even though the city’s overall employment growth doesn’t look strong. “These numbers show a continued growth in tourism in Indianapolis,” said ICVA spokesman Bob Schultz. Tourism in Indianapolis had an economic impact of $3.6 billion last year-$31 million more…
Retailers hope to buck holiday predictions: Optimism found in online sales, busy Black Friday
High oil prices and a continuing credit crunch have many retailers bracing for a blue Christmas. Holiday sales this year are expected to grow a modest 4 percent, according to some retail experts, which would be the weakest pace in five years. The ominous forecasts prompted retailers to unveil promotions in October, although the official start of the shopping season was the day after Thanksgiving, traditionally known as “Black Friday.” Stores likely will rely upon a variety of incentives to…
Should Formula One come back?
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…
Your wish list?
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…
Castroneves barn storms TV ratings
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 driven back in Muncie
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 abandons Muncie-area project
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 […]
Deal to buy Aqua Indiana moves forward
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 workers to transfer, but stay in Carmel
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 […]
Fiscal Policy Institute board to retrench
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 to add West Lafayette hotels
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 […]
Growth slowing in Midwest, Fed says
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 […]
Billionaire raises stake in barge builder
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 […]
‘Creative class’ debunked?
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,…
Fortune Industries profit moves up
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 […]