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For two years in a row, the Indianapolis-Carmel metro area has been the nation’s most affordable major housing market, the National Association of Home Builders and Wells Fargo said yesterday. An index shows that 87 percent of new and existing homes sold in the second quarter were affordable to families earning the area’s $63,800 median […]
After studying every U.S. city with minor-league sports but no major league teams, Street & Smith’s Sports Business Journal concluded that Ft. Wayne was the nation’s No. 1 minor league sports town. Rounding out the top five were Hershey-Harrisburg, Penn., Oklahoma City, Okla.; Rochester, N.Y., and Reading, Penn.. Cities were judged on number of teams, […]
Central Indiana homebuilder Paul Estridge Jr. plans to donate $10 million to the Central Indiana Community Foundation’s Legacy Fund and $10 million to unspecified Indiana businesses. The donations come from the $53.5 million in proceeds Estridge is expected to receive by selling his 34-percent stake in the Indiana Downs horse-racing track to South Bend-based Oliver […]
The largest integrated soybean-based biofuel production facility in the world opened today near Claypool. The northern Indiana plant, owned by the French agribusiness giant Louis Dreyfus Commodities has enough capacity to consume nearly one of every six bushels of soybeans grown in the state. It’s big enough to produce 88 million gallons of biodiesel fuel […]
Eli Lilly and Co.’s depression drug Cymbalta dampened pain in patients with fibromyalgia and has asked the Food and Drug Administration to approve it for secondary use, the Indianapolis pharmaceutical maker said today. Patients experienced less pain beginning a week after taking the treatment, a study showed. Two percent to 4 percent of Americans, mostly […]
The state has released new renderings of Lucas Oil Stadium that more accurately reflect the brown brick color. What do you think?
Riverside Manufacturing Inc. of Fort Wayne has acquired Transportation Safety Technologies Inc., an Indianapolis maker of wiring harnesses, sensors and other electronics for trucks and emergency vehicles, the companies plan to announce today. Transportation Safety Technologies is near downtown on the northeastside and was owned by Arcapita, a Bahrain-based investment firm with an office in […]
Chicago Tribune travel writer Alan Solomon says Indianapolis’ resurgence has become old hat, but that a recent trip was revealing nonetheless. “What’s astonishing is, while other Midwestern cities continue to struggle, Indianapolis has become a worthwhile destination while still being surrounded by Indiana,” Solomon said. “It’s not anything like Muncie. Not anymore.” Several downtown bars […]
Construction is set to begin soon on a 417,000-square-foot addition to the Indianapolis campus of St. Francis Hospital (Beech Grove campus is shown here). The $200-million project is slated for completion…
It’s taken contractors 16 months, but repairs to thousands of central Indiana houses and cars following storms in March and April of last year finally are winding down. Marc Fairchild, vice president of claims at Indiana Farmers Mutual Insurance Co. in Carmel, said only 10 of the 4,330 claims his firm logged remain open. “It […]
Courier Corp. plans to announce this afternoon that it will create more than 100 jobs in addition to the 500 now working at its book publishing operation in Kendallville north of Fort Wayne, a source familiar with the expansion said. A public company headquartered in North Chelmsford, Mass., Courier has 10 locations that publish educational, […]
Corn-Indiana’s top agricultural crop-is a better investment than oil, copper and other commodities, Goldman Sachs and other Wall Street firms are telling clients. Agricultural products are more likely to withstand a global economic downturn because people still have to eat, according to a Bloomberg report. Consumers in China and other emerging Asian markets will continue […]
Giving out awards can be a tricky business. To wit, news broke Aug. 13 that CEO Peter Dunn has left Steak n Shake, a company we honored in 2005 with our annual Enterprise Award. A good chunk of the credit in our article profiling the company two years ago was directed at Dunn, an MBA and food-industry veteran who had energized the company with a philosophy that was producing results. Now he’s gone. Do his departure and a decline in…
I N T H I S I S S U E FOCUS:Insurance&BenefitsQuarterly19-24 Employerslooktohealthsavingsaccountsforpremiumrelief19 OneAmericaingoodpositiontogrowthroughacquisition19 NOTSTRICTLYBUSINESS45-47 15 A&EbyLouHarry:FringecharacterspopulateaFringeFilmhighlight45 Dining:FritesatBruggeBrasserie45 FunnyBusinessbyMikeRedmond:TheWorldofTomorrowhovers,preparestoland46 SportsbyBillBenner:Plentytochewonforsportsfansofeverystripe47 PERIMETER15-18 HendricksCounty:Brownsburgluresdrag-racingfirms15 45 BehindtheNews:Andrews4OPINION & EDITORIAL HowmortgagemeltdownsankOakStreet,Commentary:ChrisKatterjohn10othersIBJ’sEnterpriseAwardhits25 EconomicAnalysis:Barkey28AEditorial10 PartingthoughtsonIndiana’sstrengths,Dunnexitshowsboarddoingjobweaknesses EyeonthePie:Marcus11ClassifiedsandInternetDirectory34-35LifegoesondespitepropertytaxesPeople18Viewpoint:DeborahJ.Daniels11ReturnonTechnology:Altom32Helpingex-offendershelpsallofusSavingprinterpaperdoesn’tsavemuchmoneyRECORDS SmallBusinessProfile40Calendar33FundRaising41It’sadog’slifeConventions33InRecognition41 LISTS LargestIndianapolis-AreaRetirementSTOCKS Communities26Investing:Hauke28LargestIndianapolis-AreaAssisted-LivingDominoeffectworsenedwoesinsubprimeFacilities37market ProxyCorner:IrwinFinancialCorp.31 COMPANY INDEX This index does not include companies mentioned in letters to the editor, lists, charts and records. The page numbers listed refer to the pages where articles begin. 3S Karting Supply ………………17 Conseco Inc……………………….30 Interactive Intelligence Inc……10 Precedent Commercial 96th Street Steakburgers……….1 Crowe Chizek…
Insurers are split in their support of legislation that could significantly alter the way they do business by creating a federal agency to regulate the insurance industry. The National Insurance Act of 2007, introduced by Reps. Melissa Bean, D-Illinois, and Ed Royce, R-California, would let insurers choose whether to be regulated by the new system or continue to receive oversight from the states. The current way in which insurers are regulated gives the states authority to set industry standards. The…
Less than a decade ago, diesel engines were viewed as loud pollution machines punching holes in the ozone. Now their cleaner,
quieter cousins are powering a resurgent Cummins Inc.
When Gabi comes to work, she enters a room with food and toys before walking down a winding hallway to greet her guests. The friendly welcome she receives could be due to her soft, black hair or her mellow charisma, but her happy tail wag is probably a factor, too. Gabi is “head dog” at Noblesville-based DogDayz Playhouse and Retreat. Her human companion, Brian Cottrell, launched DogDayz in 2003 to offer other pet lovers the kind of services he wanted…
At one company I know, the head of information technology took note of rising printing costs and took decisive action. He immediately asked everyone to start printing on both the front and back of each printed sheet. Every time I saw people in meetings flipping pages up and down trying to read front-and-back, I wondered if he’d done the math, because it’s highly probable he didn’t save much at all. The big cost in copiers and printers isn’t paper, but…
Noble Roman’s Inc. stock this year has been rising nearly as fast as its pizza dough, defying skeptics who’d written off the
long-ailing Indianapolis company. With a new business strategy built on franchising and dual-branded restaurants, Noble Roman’s
has seen quarter-to-quarter earnings increase for more than two years.
Steak n Shake Co. CEO Peter M. Dunn analyzed and measured just about everything at the restaurant chain, from drive-through
times to employee turnover. All that research and testing was welcome when the company was thriving a few years ago. But the
lack of evidence that all the analysis was paying off eroded Wall Street’s confidence in Dunn.
