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The Indianapolis Colts lost a slew of popular players in the off-season who were key to the team’s Super Bowl run. The defections–though
unusual for a championship team–were business as usual for a franchise that has gained a reputation around the league for
its bold personnel moves.
Family members of military personnel called to active duty could now spend a little more time with loved ones without worrying about job security, thanks to Indiana’s Military Family Leave Law, which took effect July 1. That’s good news for the work force. But it could be problematic for some companies. That’s why it’s important for both employees and employers to be aware of the facts. 10 days per year The law, which ensures that qualifying employees aren’t penalized for…
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…
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…
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…
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…
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 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. […]
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 […]
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.
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 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 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 […]
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 […]
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 […]
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 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…
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 […]
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 […]
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. […]
