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The summer of 2007 will likely go down in history as the Summer of Terror in the Skies. Well not exactly terror in the skies, more like terror in the skies as it relates to waiting at the gate area for your plane to arrive, as in sitting on the runway for two hours waiting for your plane to take off, as in wondering if you can possibly make your connecting flight now that your original flight is three hours…
Well into my career as an economist, I used to have a recurring conversation with my now-departed father, who had wanted me to become a doctor. What would you have to do, he would say, if you decided today that you wanted to be an MD? Somehow, the list of actions I would tick off-quitting my job, taking several years of chemistry and biology, years of medical school and internships-never seemed to faze him, and he was always eager for…
Finish Line Inc. and Foot Locker Inc. aren’t just in the same business; they’re bitter rivals. So you can bet Finish Line executives are savoring the fact that they outmaneuvered the New York company in the battle to buy Genesco Inc. To be sure, we’re a long way from knowing whether the deal Finish Line negotiated last month to purchase Tennessee-based Genesco for $1.5 billion in cash was a wise one for the Indianapolis-based company. Investors aren’t exactly slapping CEO…
Hillenburg Building Group Inc. All in the family Firm diversified business to build new client base When Willard Hillenburg started his home-building company in 1950, he knew sons Gary, Jerry and Larry would have the chance to learn the business at his side. Five decades later, the business is still a family affair. Now named Hillenburg Building Group to reflect its expansion from residential building to commercial and home remodeling, the Martinsville company is owned by Larry and his wife,…
Not-for-profits that banked on consistent support from the banker down the street can no longer count on a tip of the top
hat, thanks to ever-larger mergers among institutions that have changed the dynamic of their charitable giving.
The Arts Council of Indianapolis and the Indianapolis Cultural Development Commission recently launched a campaign to encourage individuals and businesses to buy art from local artists. I couldn’t agree more with the message. In addition to the “Be Indypendent, Buy Indy Art” stickers you’ll no doubt see all over town soon, the campaign includes a Web site, www.beindypendent.org, with a downloadable “how to” guide, plus links to the Arts Council’s artist database that includes the work of more than 400…
The Indianapolis Airport Authority’s management contract with British firm BAA unceremoniously expired July 15, and authority
officials taking the helm for the first time since 1995 say they’re confident they are prepared to continue to innovate as
they prepare to open a new terminal.
An idea fermenting for some time in the minds of several Indiana Health Industry Forum insiders has solidified into a plan to catalogue all life sciences-related resources across the state. The not-for-profit group, which promotes economic development in the health care and life sciences industries, will use the information to create strategies for communities, regions and the state to boost Indiana’s growth in the industry. Companies including Eli Lilly and Co., Roche Diagnostics and Zimmer Holdings have put the state…
What is the one thing nearly every investment adviser, financial planner or grandpa would tell you is the most important attribute of a solid portfolio? Diversify. In other words, don’t put your eggs in one basket-right? It makes perfect sense to any rational person and is almost a religion among some in the financial-planning community. Planners use fancy-schmancy software to “optimize” asset allocation and will plot your portfolio vs. “the efficient frontier” in order to fine-tune your risk and potential…
Shares in Indianapolis-based appliance and electronics retailer hhgregg Inc. increased $1.09, or 8.4 percent, following its initial public offering this morning at $13. The IPO price was less than the $15 to $17 Gregg anticipated July 9. In announcing today’s IPO, Gregg didn’t discuss why it pared back the price. Today’s trading launched Gregg on […]
Job cuts are on the way at Boston Scientific Corp. after the Boston company missed analysts’ profit estimates in part because of a 5.3-percent decline in sales of implantable defibrillators manufactured by Guidant Corp., the Indianapolis company that Boston Scientific acquired last year. Boston Scientific officials told analysts during a conference call this morning that […]
Eli Lilly and Co. may have found a new use for its osteoporosis drug Evista, according to Bloomberg. The U.S. Food and Drug Administration said Evista reduced the risk of certain invasive breast cancers in post-menopausal women. However, studies from Indianapolis-based Lilly provided weaker support for Evista’s ability to help women at high risk of […]
Indianapolis developer Paul Kite Co. has offered the Highland Springs Homeowners Association in McCordsville more than $3 million to support Kite’s plans to build a retail center with a Target store nearby. The offer hasn’t been accepted. To get the money, association board members would have to testify in support of the 63-acre project, and […]
Indianapolis-based appliance and electronics retailer hhgregg Inc. announced today that it would price its initial public offering at $13 per share, less than the $15 to $17 it anticipated July 9. In announcing today’s IPO, Gregg didn’t discuss why it pared back the price. The event launches Gregg on the New York Stock Exchange under […]
Fort Wayne-based Tower Financial Corp. said today that second-quarter profit tumbled to $217,000 from $912,000 a year earlier because of costs to build loan loss reserves and a decision to retreat from plans to start a bank in the Indianapolis area. Tower announced in October that it would enter the Indianapolis market by opening a […]
North-siders are set to get even more shopping and dining options in the coming months. Several new retailers have filed plans to open new stores in the Fashion Mall at…
Russell Investment Group has included Indianapolis-based Interactive Intelligence Inc. in its Russell 2000 Index of small-cap companies. Interactive, a local business-communication software developer, said being added to the index offers exposure to mutual funds and other buyers that might be interested in its stock. Interactive shares trade on NASDAQ. The company regained its footing after […]
Check out the new look for the former Junior Achievement building at 21 Virginia Ave. The office building is getting a new name, 500 Festival Building, along with a renovation in…
France Cordova, who took over as Purdue University’s new president this week, said she plans to stress communication while trying to boost faculty salaries, research funding and student financial aid. In some of her first public remarks about her goals, Cordova said she will assemble committees to fix problems on campus, the Journal & Courier […]
