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The mighty U.S. dollar. There was a time when it really could take you places. When my wife, Sarah, and I went to Rome nine years ago, we felt as if we were stealing clothes from the Italian vendors. We went back a few months ago; the pain was reversed. Our currency is under attack, which is affecting all our lives. Twenty years ago, the United States did a majority of its international trade with a few large European countries…
The developer of a $750 million mixed-use project called Venu has acquired a 13-acre site across the street from where another
developer had planned to build condos and a Whole Foods Market.
Perhaps the most performed American opera, “Susannah” tells of a good woman brought down by the hypocrisy of her Appalachian town. Spotted bathing nude in a creek by townspeople looking for a spot for revival meeting baptisms, the parentless 19-year-old’s reputation and spirit are soon destroyed by gossip-and the visiting preacher. It’s an opera with sex (implied), death (thanks to an angry brother), religion (including a revival service) and-something you don’t see in many operas-square dancing. What it also has…
Premier Properties, the developer of Venu at 86th Street and Keystone Avenue, has acquired a 13-acre property across the street where another developer had planned to build a Whole Foods and condos. Premier…
Is it a wish list, or are some of the nation’s top retailers eyeing the Saxony project in Hamilton County? Some big names, including Lacoste, North Face and Polo, appear on a map…
Improved sales through specialty retailers and dealers helped lift third-quarter profit for Escalade Inc., the Evansville sporting good maker reported today. The $3.1 million in earnings for the quarter ended Oct. 6 was a 4.6-percent increase from a year earlier. The improvement came despite what Escalade described as eroding sales of soccer and hockey game […]
Cummins Inc. snagged a couple of ratings upgrades today from investment firms that follow the Columbus-based diesel engine maker. Citigroup recommends holding the stock rather than selling and Credit Suisse rated Cummins “outperform” instead of “neutral.” The changes follow a dip in Cummins’ stock price yesterday after its third-quarter earnings missed analyst expectations. The shares […]
The Indiana Pacers have rolled out yet another marketing campaign featuring new coach Jim O’Brien-this time using a tactic the team has never tried before. In the days leading up to the Oct. 31 home opener, O’Brien will record a personal phone message inviting certain loyal fans and previous season ticket holders to the game. […]
Barry-Wehmiller Design Group Inc., a St. Louis company focusing on manufacturing automation and engineering consulting, has opened an engineering consulting office in Indianapolis. The location, the 10th for Barry-Wehmiller, will serve Indiana, Michigan, Ohio and Kentucky, and will be staffed with 30 professionals. The region had been served from its offices in Chicago, St. Louis […]
Ball State University has created a position to oversee its Building Better Communities economic-development outreach efforts. Frank Sabatine, dean of the School of Extended Education, has been appointed to the new position of associate vice president of economic development and community engagement. Before joining Ball State, Sabatine was liaison to the Community College of Indiana […]
Simon Property Group CEO David Simon has been named chairman, the Indianapolis-based shopping mall giant announced today. He will remain CEO. Former co-chairmen Melvin Simon and Herbert Simon, who founded the former Melvin Simon & Associates Inc. in 1960, have become chairmen emeriti effective today, and will focus on the company’s international expansion, the announcement […]
An investor that holds 5.7 percent of Emmis Communications Corp. said today that the stock has performed so poorly that the board should allow the company to be taken private. New York-based Arnhold and S. Bleichroeder Advisers LLC made the request to directors Peter Lund and Susan Bayh, the wife of U.S. Sen. Evan Bayh, […]
Economic recovery in Brazil helped drive third-quarter sales for Indianapolis-based Dow AgroSciences to $788 million, a 19-percent increase from the same period last year, its parent, Midland, Mich.-based Dow Chemical Co. Inc., reported yesterday. In Brazil, more sugar cane acres and a good season for growing corn sparked strong demand for Dow AgroSciences’ commodity herbicides. […]
More than 20 cities-including Indianapolis-are bidding for the USA Basketball headquarters and national training facilities, which have been located in Colorado Springs since 1979. The official announcement came today from officials of USA Basketball, the national governing body for men’s and women’s basketball in the U.S. Bids are due Dec. 20, with a decision set […]
Analysts and investors turned sour on Eli Lilly and Co.’s stock overnight after the Indianapolis drug maker stopped enrolling patients in two small safety trials of a potential blockbuster drug. Lilly shares opened today at $52.15, down $3.74 or 6.6 percent from their close yesterday. Lilly announced yesterday after markets closed that it had temporarily […]
Share prices of Indianapolis-based Celadon Group Inc. fell 15 percent this morning after it reported late yesterday that soft demand for its services caused profit to plunge in its first fiscal quarter. The stock fell to $8.16 from its close yesterday of $9.65, then bounced back to $8.35. The long-haul trucking service reported that it […]
BioCrossroads said today it has formed a not-for-profit group to find ways to tie pharmaceutical research in San Diego and other biotech centers to Indiana companies and universities that that can turn the discoveries into marketable drugs. The not-for-profit, BioCrossroadsLinx, will tap more than 40 Indiana companies that support large pharmaceutical companies and small biotech […]
Cummins Inc.’s stock price slid this morning after the Columbus diesel engine maker reported earnings that fell short of analysts’ expectations. Shares dipped to $119 from yesterday’s close of $133, but have rebounded slightly to trade near $121, a 9-percent decline from yesterday. Earlier this morning, Cummins reported that third-quarter profit was up 7.6 percent […]
The 19-square-mile, 24,000-population town of Westfield could balloon to 56 square miles and 110,000 people in the next several years. More than 11,000 new homes are in the works. And the residential rush…
It isn’t often managers of manufacturing plants earn an affectionate editorial in the local newspaper when they move on to their next job, but that’s what Steve Brock received from the Chronicle-Tribune in Marion this morning. Brock, who managed General Motors Corp.’s stamping plant in the city between Indianapolis and Fort Wayne, not only helped […]
