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Commentary: Hedda gives a searing Civic review

I cede my column this week to Hedda Hopper, a Hollywood gossip columnist. Hopper died in 1966, but she agreed to come back again to review the Indianapolis Civic Theater benefit performance. HEDDA HOPPER’S HOLLYWOOD-Just detrained in Hoosierland to catch the Indianapolis Civic Theatre benefit. Charlie Morgan played Ed Sullivan in a sendup titled “A Really Big Shooow.” Sullivan, your career is safe. Morgan, general manager and vice president of Cumulus radio stations in Indy, was stiffer than Charlie McCarthy….

BULLS & BEARS: Answers to tax questions are sometimes surprising

Taxes are always a consideration in investment decisionmaking. Investors need to be vigilant to changes in the tax code, because from year to year there may be changes that can affect the choices they make. And while there are some broad tax generalities, an individual’s tax profile is specific to that person. Navigating the tax code can be daunting. Yet with some tedious reading and a strong dose of common sense, investors can arrive at rational decisions. I have found…

SURF THIS: Put the i in iGoogle to personalize page

“What’s that?” she asked, looking over my shoulder as I logged into my Google account and opened my personalized page. When I told her that this was my iGoogle page, replete with all of the news, weather, stock quotes, information, blogs-everything-that I like to have at my fingertips, she was dumbstruck. “How did you get that?” she asked. I was dumbstruck, too. Is it possible that she-and, maybe, you-haven’t heard about iGoogle? Well, that changes today, and you can thank…

Marsh spending remodeling, renaming 105 stores

the mood seems upbeat again at Marsh Supermarkets Inc., thanks to a chain-wide effort to upgrade stores and win back loyalty
from customers and employees. CEO Frank Lazaran said the chain has launched a campaign to remodel 70 percent of its grocery
stores within a year and rebrand every one of them.

IBJ wins six national journalism awards

IBJ was named the best large-market business journal and collected five other awards at the Alliance of Area Business Publications’
summer conference June 23 in Denver.

United Water acquisition doubles customer base

United Water said today it has acquired AOS Operating System for $6.7 million, sweeping in 82 contracts and 180 workers mostly in Eastern and Western states. United Water’s North American headquarters is in Indianapolis at 151 N. Delaware St. It oversees wastewater services at Indianapolis’ two wastewater treatment plants and wastewater plants in Cumberland and […]

UAW overwhelmingly approves Delphi agreement

Sixty-eight percent of voting United Auto Workers members approved an agreement with bankrupt Delphi Corp., the union said today. Ratifying the deal will help the Michigan auto parts maker emerge from two years of bankruptcy reorganization. Delphi’s operation in Kokomo was among operations voting in favor, according to Bloomberg.

UPDATE: Finish Line stock slumps after reporting loss

Shares of The Finish Line Inc. fell 6 percent, to $9.03, this morning after the company announced that it lost $3.9 million in its first fiscal quarter ended June 2. The loss of 8 cents per share is less than the 9 to 11 cents the Indianapolis company expected. Finish Line reported a $4.4 million […]

Update: Foundry collapse

Workers this morning cleared away the rubble from the old Herron School foundry building along 16th Street. It collapsed yesterday, possibly clearing the way for a deal that would provide…

St. Vincent boasts of four NBA draft picks

St. Vincent Sports Performance Center got to pound its chest a bit last night. Four of its clients were selected in National Basketball Association draft-including Greg Oden, the Indianapolis native picked first by the Portland Trail Blazers. The other clients include Indianapolis native Mike Conley Jr. at No. 4; Daequan Cook, a teammate of Oden […]

Conseco litigation to cost $35 million more

Conseco Inc. expects to cough up another $35 million to settle a massive consumer lawsuit about changes to its life insurance policies. That brings the Carmel-based insurer’s total pre-tax expense on the case to $250 million-and there’s always a chance the bill could run higher, the company warned today. The settlement is subject to court […]

Purdue ends seven-year campaign with $1.7 billion

A Purdue University fund-raising campaign launched in 2000 has amassed $1.7 billion, $400 million more than the original goal. The fund-raising results, to be officially announced tomorrow, cap a stint by Purdue President Martin Jischke that includes a furious economic development effort advanced yesterday by the unveiling of a tech park project near Indianapolis International […]

Finish Line loses $3.9 million in first quarter

Shares of The Finish Line Inc. fell 6 percent, to $9.03, this morning after the company announced that it lost $3.9 million in its first fiscal quarter ended June 2. The loss of 8 cents per share is less than the 9 to 11 cents the Indianapolis company expected. Finish Line reported a $4.4 million […]

BREAKING: Purdue launches Indianapolis tech park

Purdue Research Foundation has purchased a half-interest in 78 acres in AmeriPlex industrial park on the far west side to start a technology park that the university anticipates filling with as many as 75 businesses and 1,500 jobs. The announcement is expected during a 1 p.m. news conference at the site. AmeriPlex is south of […]

Property tax moment of truth

Marion County will begin sending out property tax bills tomorrow, filling hundreds of mailboxes with bad news. Homeowners are bracing for higher bills thanks in large part to the state’s decision a…

Lilly tops drug companies in Vermont marketing

When it comes to throwing money at doctors in Vermont, Eli Lilly and Co. is tops. According to Vermont’s attorney general, Indianapolis-based Lilly exceeded all other drugmakers in 2006 for doling out cash, food and gifts to doctors, as well as hospitals, clinics and universities. The report did not specify how much Lilly gave. But […]

500 Festival moving downtown

The nonprofit volunteer organization that puts on the 500 Festival Parade and other events is moving its headquarters to an office building downtown. 500 Festival plans to move its operations to 21…

Haynes workers ratify contract with $4,000 lump sums

Workers at Haynes International Inc. in Kokomo will receive lump-sum payments of $4,000 each as a result of a three-year contract they ratified 362-85 yesterday. The pact with United Steel Workers Local 2958 includes a 12-percent general wage increase over the period and a boost in pensions of $300 to $400 a month, said District […]

Allison Transmission sold to two private equity groups

General Motors Corp. said today it has sold its Allison Transmission division to The Carlyle Group and Onex Corp. for $5.6 billion. Virtually all of Allison will shift to Washington, D.C.-based Carlyle and Toronto-based Onex. GM is keeping a production facility in Baltimore, Md. The sale, anticipated in a story published in the Financial Times […]