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Local restaurants joining online reservation trend: High-tech systems tool up customer service

A last-minute meeting with a key client pops up at the end of a workday. If the host wants to take the group to dinner afterward, he could ask an assistant to scramble, calling his favorite restaurants in search of a last-minute opening. But nowadays, there’s a simpler option: With a couple of mouse clicks, he can use an online reservation system to check availability at some of the city’s best haunts. “Businesspeople use [online reservations] the most,” said Kimberly…

OneAmerica methodical in approach to new deals: Flush with capital, local insurer on the lookout for acquisitions

Don’t expect OneAmerica Financial Partners Inc.’s purchase of a $700 million annuity portfolio last month to be its last big-ticket buy. The Indianapolis-based insurance holding company says its executives and heads of its various product lines are constantly on the prowl for acquisitions. But don’t hold your breath for the company’s next deal. Its purchase of annuities from Iowa-based Transamerica Life Insurance Co., announced July 24, took two years to come together. So did its previous acquisition, the 2005 purchase…

Heating-assistance program on the bubble: Agency urges improvements, questions accounting

The Indiana Office of Utility Consumer Counselor has filed a lukewarm response to plans from a pair of local utilities to continue a program intended to reduce gas disconnections in the upcoming heating season. The Indiana Utility Regulatory Commission is weighing whether to continue the 20-month-old “universal service” programs offered by locally based Citizens Gas & Coke Utility and Evansville-based Vectren Corp. The programs are funded by the utilities and ratepayers. They amount to the secondlargest source of funds in…

SPORTS: Plenty to chew on for sports fans of every stripe

You leave town for a little vacation, but that doesn’t mean the world of sports is going to stop spitting out news. Therefore, thoughts about this, that and the other while I was away: News item: Barry Bonds breaks Henry Aaron’s home run record. Thought: Yawn. I ceased to care long ago. Major League Baseball has gotten what it deserved for ignoring the steroid issue for so long. News item: Tiger Woods wins his fourth PGA Championship, his second in…

Will Indy get an IKEA?

That’s a popular question around here. Has been for years. The city is not currently in discussions with the Swedish home furnishings giant, said Jim Garrard, Indy’s economic development director. But it was…

Indiana in recession, forecaster says

Indiana has been in recession since late last year but is on a trajectory to climb out this fall, according to Moody’s Economy.com, a national forecasting company. A computer model based on employment and industrial production also shows that the manufacturing-intensive metro areas of Anderson, Muncie, Elkhart and Michigan City are in recession, Economy.com said. […]

Steak n Shake investor seeks board seats

A Texas-based investment group disclosed in a regulatory filing this morning that it has amassed a 5.8-percent stake in The Steak n Shake Co. and wants two of its representatives added to the struggling company’s board. The group includes San Antonio-based Lion Fund and Western Sizzlin Corp., a steakhouse chain based in Virginia. According to […]

Marbaugh acquired by Florida company

Indianapolis-based Marbaugh Reprographics Supply Co. has been bought by Global Imaging Systems Inc., a Tampa, Fla., firm that was acquired by Xerox Corp. in May. Marbaugh sells and services wide-format copiers. The downtown company also scans, prints and offers other reproduction services. Former Marbaugh co-owner Brad Clough will be vice president and general manager.

St. Vincent exec named to Michigan position

Patricia Maryland, chief operating officer of the Indianapolis region of St.Vincent Health and president of St.Vincent Indianapolis Hospital, has taken a new position overseeing marketing in Michigan for Ascension Health. Ascension Health, the nation’s largest Catholic and not-for-profit health system, is based in St. Louis. St. Vincent Indianapolis Hospital will name an interim president.

Indiana rated more favorably for business costs

Indiana ranks 36th in this year’s annual “Cost-of-Doing-Business,” an index compiled by the Milken Institute, a California think tank. Last year, Indiana placed 33rd. The ranking is a modest win for Indiana Gov. Mitch Daniels, who has focused much of his effort on lowering the cost of Hoosier business. The index considers states’ costs of […]

Westfield OKs expanded Eagle Station project

Westfield town councilors have unanimously approved an expansion of multi-use development Eagle Station to 997 acres, up from the 856 acres approved last year. The project now could include 2,230 single-family houses, 800 apartments and a number of businesses, according to the Noblesville Daily Times. The developer, Westfield-based Wilfong and Kreutz Land Development LLC, has […]

IRL extends Iowa race deal two more years

Iowa Speedway today at the Iowa State Fair announced a two-year extension with the Indy Racing League to host the Iowa Corn Indy 250 through 2009. The Iowa Corn Growers Association will remain as title sponsor for the races. The announcement was made by ABC/ESPN racing analyst and former NASCAR driver Rusty Wallace, who designed […]

Auto suppliers to hit ‘devastating’ stretch, expert says

Hundreds, and possibly thousands, of auto parts suppliers could be forced out of business within five years as Detroit automakers continue downsizing to bring costs under control, Farmington Hills, Mich., consultant Laurie Harbour-Felas told Bloomberg. “Some of these suppliers will go into bankruptcy and be bought up in pieces; some will just go away,” Harbour-Felas […]

Eastgate Mall is up for sale, again

The owners of the eyesore formerly known as Eastgate Consumer Mall have put the property back on the market at an asking price of $3.5 million. Dallas-based JTL Capital LLC received…

Scotty’s looking downtown

Scotty’s Brewhouse, the Indiana college town institution, is working on plans for new restaurants in downtown Indianapolis, Chicago and Charlotte, N.C. The restaurant would like to locate at Pan Am Plaza, said…

Rolls-Royce lands $269M Air Force contract

The U.S. Air Force Research Laboratory has awarded Rolls-Royce Corp. a contract valued at upward of $296 million to develop jet engines for a variety of military airplanes. General Electric was awarded a similar contract after a competition that fielded several proposals. The Air Force’s Adaptive Versatile Engine Technology program aims to develop engines that […]

Hurco profit shoots up on strong sales, fees

Profit at Hurco Cos. Inc. soared 36 percent in its third fiscal quarter due to vibrant sales and service fees, particularly in Europe. The Indianapolis-based maker of machine tools said the $5.2 million profit in the period ended July 31 also was driven by a big increase in orders in Europe and North America. A […]

Cape Air might link Indy to Evansville, South Bend

Massachusetts-based Cape Air has scheduled a meeting Aug. 20 in Indianapolis with airport officials from Evansville and South Bend to discuss starting commuter flights between the two cities and Indianapolis. An official of Evansville Regional Airport told the Evansville Courier & Press that the planes used by Cape Air, nine-passenger Cesna 402s, would be ideal. […]

BREAKING: Feds cancel $38M contract for FBI office

The federal government has canceled a contract with a Missouri developer chosen to build a new FBI field office in Castleton. The U.S. General Services Administration awarded the $38-million contract to Kansas City-based BC Development Co. on March 23, but the company failed to obtain control of the 12-acre property in time to meet a […]

Fishers law firm plans to sue Bear Stearns

Maddox Hargett & Caruso in Fishers said it plans to team with three other law firms to sue Bear Stearns on behalf of investors in the Wall Street firm’s failed hedge funds. Bear Stearns has been buffeted in recent weeks as it announced that it has had to rescue two funds that lost money as […]