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Food news: Mexican, Cuban coming

Deals are in the works for two new restaurants downtown: a Mexican joint and a Cuban joint. Adobo Grill is expected to complete a deal this week to take about 6,000 square feet…

Improved railroad could carry more Indy traffic

Plans to improve Central Railroad of Indianapolis tracks between Shelbyville and Cincinnati could mean some shippers will have a better alternative to trucks. Rail America Inc., headquartered in Boca Raton, Fla., is upgrading the track to prepare to carry 8,000 rail cars a year of finished autos from the Honda Motor Co. plant in Greensburg. […]

UPDATE: Tower cites competition for Carmel decision

Tower Financial Corp. is putting off its planned launch of a bank in Carmel because the Indianapolis market is becoming too crowded, a Tower spokeswoman said today. “We’ve seen many banks coming to town,” Michelle Gray told IBJ. Fort Wayne-based Tower had announced last October that it planned to enter the Indianapolis market by opening […]

DeHaven to replace Cousins at bankers group

Indiana Bankers Association CEO James H. Cousins will retire July 1, the trade group said today. Cousins will be replaced by President S. Joe DeHaven, who will add the title of CEO. Cousins was president and CEO of the Indiana League of Savings Institutions when it merged with the Indiana Bankers Association in 2000, and […]

Walsingham parking hurdle cleared?

For about two years, a lack of parking has delayed a condo conversion at the historic Walsingham Apartments (pictured here, courtesy of Indiana Historical Society) at Delaware and 16th streets. But now, an…

Delphi expects Kokomo plant to dwindle, report says

Revenue at plants in Kokomo and elsewhere that bankrupt Delphi Corp. intends to keep open will fall 40 percent, according to a Detroit Free Press report. The reduction, which resulted from a tentative contract with the United Auto Workers and Delphi’s main customer, General Motors Corp., will result in the Kokomo operation falling to $310 […]

Tower Financial delays launch of Carmel bank

A Carmel bank planned by Tower Financial Corp. has been deferred indefinitely, the parent of Fort Wayne-based Tower Bank & Trust Co. said today. Tower said in October it would form Tower Bank of Central Indiana with $13.5 million to $15 million in capitalization. The decision to pull back was driven by “Indianapolis market conditions” […]

Duke lacrosse publicity a concern to all prosecutors: The ‘Nifong effect’ likely to have an impact on public perception, courtroom strategy, Indiana attorneys say

Indiana prosecutors worry about heightened suspicion of any charging decision they make as a result of the recent highprofile disbarment of a North Carolina prosecutor. Talk started months ago, but banter took a new surge following Michael Nifong’s nationally televised disciplinary proceeding June 16. He was disbarred for violating professional conduct rules in his prosecution of three Duke University lacrosse players falsely accused of rape. “Around the country and here, prosecutors are talking about the Nifong effect,” said Stephen Johnson,…

Will employees ride IndyGo to jobs in north suburbs?: Low fares could draw those who can’t afford to drive

With little effort, IndyGo may well pack buses on a new route starting in September from Fishers to Indianapolis. After all, the hellish commute on interstates 69 and 465 is its own best advertising for taking the bus. But while full loads each morning to big employment center Indianapolis are one thing, how about when the bus heads back to Fishers to pick up another load for the inbound commute? “It’s like a trucking firm. You want to have full…

Indiana short on honeybees

A cold snap wiped out at least half of Indiana’s honeybee hives over the winter. For some beekeepers, the loss was as high
as 80 percent. Fortunately, most don’t look to bees for their livelihood.

EYE ON THE PIE: Here’s government behavior at its best

At last, the professional basketball season is over. At last, the saga of the Sopranos is ended. The Cubs, the Cards, the White Sox and the Reds are in their usual states of disgrace. Our governor has announced his candidacy for reelection. There seem to be no surprises in our world. How normal are things? Consider this: Indiana and Illinois have agreed on reciprocal discounts for motorists on their toll roads. If you live in DeKalb County, Indiana, and visit…

PROFILE ANNIE-O’S: Party planner’s plan: Help others celebrate Personal losses helped owner appreciate the good times

“I don’t find that some direct-mail piece says what I do,” said Dezelan, owner of Annie-O’s event planning. “I think a lot of what sells myself is me-my personality.” That’s why, Dezelan said, most of her new business comes via word-of-mouth, from people who’ve met the energetic 36-year-old with the big, bright personality. Her marketing efforts try to reflect that personality. Dezelan recently revamped the Annie-O’s Web site so that “it’s like a party at your desk,” she said. On…

VOICES FROM THE INDUSTRY: After 5 years, it’s time to think about changing SOX

Almost five years ago, the Sarbanes-Oxley Act, or SOX, was passed in haste, largely in response to the large-scale securities frauds and market dislocations surrounding Worldcom, Enron and other large accounting scandals involving public firms. It imposed new federalized standards for internal controls, corporate governance, accounting independence and review, whistle-blowing and legal review. It represented the most important change to the federal securities laws since the passage of the Securities Act of 1933 and the Securities and Exchange Act of…

Finish Line’s buy praised, panned

Athletic retailer The Finish Line Inc. had cultivated a reputation for conservative play calling, keeping clean books with
minimal debt. Then on June 18, the Indianapolis-based retailer called a surprise audible. The $1.3 billion company agreed
to acquire Nashville, Tenn.-based Genesco Inc. for $1.5 billion.

State begins modernizing case-management systems: Moving from paper to electronic records a big task

Beside a marble counter in the Appellate Clerk of the Courts office at the Indiana Statehouse, a one-room storage area known as “the vault” is the storehouse for paper case files. Each is bound by string and has case numbers written on an attached tag, and they only move to be carted between floors and buildings when a court needs to review a file. While the clerk creates an electronic docket at the appellate level, that system remains largely unconnected…

‘Find your niche ‘:

His goal was to provide the proverbial one-stop shop, a place where “honey do” lists got done. Before long, he realized he may not have been aiming high enough. It seemed homeowners with not-so-handy honeys weren’t the only customers interested in what Schneller was selling. He also got calls from real estate agents who needed some last-minute home repairs completed before a sale could close. “They came to us with a laundry list of items,” Schneller said, ticking off an…

Court reporters in short supply: School closings lead to openings

Tom Richardson credits fictional defense attorney Perry Mason and the climactic trials on the long-running television series for prompting him to become a court reporter more than 30 years ago. But the romance of participating in a high-profile court case or deposition and translating riveting testimony seems to be lost on the younger set. Industry experts say the dwindling number of licensed court reporters and the closure of a number of court-reporting schools have mired the profession in a severe…

A&E: Building connections at IU Museum

This week: An architectural art show at IU, Kurt Vonnegut’s board game, “Sissies” on stage, and an Indy Jazz Fest question. An art museum exhibition doesn’t have to be a multi-room blockbuster to be enormously satisfying. Case in point, “Architecture, Real and Imagined” (running through Sept. 2 at Indiana University Art Museum). It’s a must-see for architects and architectural students, but also an accessible show for anyone interested in where we live and how we adorn and perceive our environments….

STARTUP THE SLEEPY HOLLOW STORE LLC: Irvington book store starting small

STARTUP THE SLEEPY HOLLOW STORE LLC Irvington book store starting small Type of business: books, music, art supplies and gifts Location: 5535 E. Washington St. Phone: 354-8000 E-mail: [email protected] Web site: www.sleepyhollowstore.comor www.myspace.com/sleepyhollowstore Founded: April 2007 Owner: Bobbie and Joanna Zaphiriou Owners’ backgrounds: Bobbie Zaphiriou, 25, has worked in bookshops since she was 16. Sister-in-law Joanna Zaphiriou, 31, graduated from IUPUI with a degree in anthropology, and managed Hollywood Bar and Filmworks, where she learned about running a business. Why…