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PROFILE TRINA BANNISTER: Tasty treat, traditions lead to new business

PROFILE TRINA BANNISTER Tasty treat, traditions lead to new business It all started with the sweet-potato pies. Each Thanksgiving, Trina Bannister’s grandmother Ruby would bake dozens of the sweet treats for her large extended family. Bannister and her sisters grew up learning her baking secrets. To honor her grandmother, who died about six years ago, Bannister named her new business in the Indianapolis City Market “Ruby’s Sweet Treasures.” She sells a wide variety of baked goods, from her signature pies…

Chakaia Booker tire art might replace Opie’s

As Julian Opie’s pop art sculptures get carted away this week, officials are in talks with New York City artist Chakaia Booker
about featuring her work in next year’s public art blowout. Booker’s shtick-sculptures created entirely from used tires.

MICKEY MAURER: No gala, but a glorious grand opening

In 2006, the Indiana Economic Development Corp. closed almost 200 transactions. Many recipients of the IEDC largess marked the opening of their job-creation activities with hightech galas featuring products rolling down gangways accompanied by the applause of dignitaries and well-wishers. Recognizing that attendance at these ceremonies was not an efficient use of time, the IEDC adopted the mantra, “We don’t cut ribbons, we just cut deals.” With rare exception, ribbon-cutting was left to the politicians. Last month, I participated in…

Help in form of guaranty funds: Local women work to cover insurance claims-when your insurance company can’t

You have an auto accident, but you have insurance. You’ve religiously paid your premiums, so when you arrive to pick up your repaired vehicle at the auto body shop, you are shocked to discover that your auto insurance company has gone under, the shop hasn’t been paid, and it won’t release your car. At this point, despair sets in, but is soon replaced with hope in the form of the guaranty fund systems in place to cover claims of insolvent…

Colts-Saints game sinks in TV ratings

The Indianapolis Colts rout of the New Orleans Saints last night likely led to a drop in television ratings for the National Football League kickoff game compared to the last two years. Twenty-one percent of all television households nationwide tuned into the game, but that’s down from last year’s Pittsburgh Steelers-Miami Dolphins season opener, when […]

Moody’s downgrades Conseco outlook to ‘negative’

Moody’s Investors Service has slapped Conseco Inc. with a downgrade of its senior debt to “negative” from “stable.” The change was sparked by “sub-par earnings” in the past year, according to Bloomberg. Moody’s also is concerned about a string of one-time charges the company has sustained. The Carmel insurer lost $65 million in the second […]

Better know a developer: Lauth

Locally based Lauth had a big week. They announced plans for a 7.1-million-square-foot distribution park on 555 acres at Interstate 70 and State Road 39 near Plainfield. But lately the company…

Chase to hire as many as 150 Nelnet workers

Chase Education Finance announced today that it will hire as many as 150 of the 265 workers laid off in Indianapolis yesterday by student loan company Nelnet. Chase Education Finance is adding the workers in an attempt to boost its capacity to originate student loans, the bank said. The Chase unit has 250 workers based […]

BREAKING: Plainfield lands 1,400 jobs at FoxConn

FoxConn Electronics Inc., an electronics assembly and storage company based in Taiwan, will create 1,400 jobs at its computer assembly site in Plainfield, Indiana Gov. Mitch Daniels said today. In late 2005, Foxconn signed a lease with Duke Realty Corp. for 259,260 square feet of a 481,874-square-foot industrial facility in Plainfield. The new location allowed […]

BREAKING: M-Plan drops employer HMO benefits

 M-Plan Inc., central Indiana’s largest health maintenance organization, will phase out its HMO coverage for employers and is referring its clients to Anthem Blue Cross and Blue Shield. Anthem’s parent company, Indianapolis-based WellPoint Inc., made the announcement this morning. It said M-Plan covers 125,000 customers through its commercial HMO. A press release said that M-Plan […]

BREAKING: M-Plan drops employer HMO benefits

M-Plan Inc., central Indiana’s largest health maintenance organization, will phase out its HMO coverage for employers and is referring its clients to Anthem Blue Cross and Blue Shield. Anthem’s parent company, Indianapolis-based WellPoint Inc., made the announcement this morning. It said M-Plan covers 125,000 customers through its commercial HMO. A press release said that M-Plan […]

Federal lobbying cost Lilly $2M in first half of year

Eli Lilly and Co. spent nearly $2 million in the first half of 2007 to lobby the federal government, the Associated Press reported today. The Indianapolis-based drug maker lobbied on issues related to patent reform, intellectual property, counterfeiting, prescription drug user fees, health care reform and Medicare, according to the form posted online Aug. 13 […]

Barge builder agrees to buy engineering firm

American Commercial Lines Inc., the Jeffersonville barge builder, has agreed to buy the assets of Seattle-based Elliott Bay Design Group Ltd. for an undisclosed price. The naval architecture and marine engineering firm employs 60 in Seattle and at its second location in New Orleans. The deal is expected to close by the end of the […]

Lauth closes on land for huge distribution park

A long-planned distribution park at Interstate 70 and State Road 39 in Hendricks County can go forward now that Lauth Property Group has closed on the purchase of 555 acres it has assembled at the northeast corner of the intersection. Lauth announced the closing today. As IBJ reported a year ago, Westpoint Business Park will […]

Shelbyville bank company delisting from NASDAQ

Blue River Bancshares Inc. said yesterday that it will delist its stock from NASDAQ to save money. “We believe the costs associated with being a filing company outweigh the benefits,” CEO Russell Breeden III said in a statement. Costs to comply with the 2002 Sarbanes-Oxley Act also played into the decision, Breeden said. Yet another […]

AuthorHouse parent buying self-publishing rival

Bloomington-based Author Solutions Inc. is purchasing a big rival-a move that reflects consolidation in the self-publishing industry as firms like Amazon.com take a bigger share of the business. Author Solutions, which operates as AuthorHouse, agreed to buy Nebraska-based iUniverse. Terms were not disclosed. Since its founding in 1997, Authorhouse has produced more than 45,000 books. […]

Roche researchers aided study identifying honeybee virus

Roche Diagnostics is sharing in the publicity this afternoon as the journal Science releases a study that identifies a virus involved in the sudden death of billions of honeybees. About half a dozen employees of Roche subsidiary 454 Life Sciences collaborated with researchers at Columbia University to conduct the study, which was posted on the […]

Dome demolition: Implode or no?

In the spirit of today’s Colts festivities, there’s an update this week on the new stadium and discussions about the old one. In a progress report, the Indiana Stadium and Convention Building…

Nursing ‘hottest’ Indianapolis-area job, state says

A new index compiled by the Indiana Department of Workforce Development predicts registered nurse will be the job most in demand in the state from 2004 to 2014. Registered nurses were followed by post-secondary teachers, computer software engineers and truck drivers. Jobs on the list had to be in the top 200 in both total […]

Honda plant will drive up wages, expert predicts

Manufacturers within a half-hour’s drive of Greensburg might have to boost pay for their workers by 5 percent to 10 percent to compete with the Honda Manufacturing Indiana assembly plant now under construction, said the president of a prominent company that supplies temporary workers to manufacturers and warehouses. Gary Hentschel of Personnel Management said the […]