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Several businesses have filed suit against the city of Fort Wayne in the hope of persuading a judge to declare a pending city-wide smoking ban unconstitutional. The business owners claim the ordinance is too broad, but the author, City Councilman John Crawford, says he is confident the suit will fail, according to The Journal Gazette […]
Dick Turner, the man who owns the name and recipes to the classic Indy restaurants from the 1930s to 1970s, is hoping to open an updated version on the south side. Check out the story here. At its…
First-quarter profit fell to $7.3 million from $7.4 million a year earlier for Shoe Carnival Inc., the Evansville shoe retailer reported today. Comparable-store sales in the period ended April 29 dipped 3.7 percent. The company blamed the results on sluggish shoe sales across the industry.
Central Indiana Corporate Partnership Vice President Lee Lewellen is leaving the group over a transition ending July 31 to become senior vice president of community and regional development at Thomas P. Miller & Associates, the Greenfield consulting firm that wrote the state’s economic development plan. Lewellen, 54, spent most of his seven-year tenure at CICP heading research […]
3D Machine Inc. in Goodland will spend $3 million and create 27 jobs in an expansion, Indiana Economic Development Corp. said today. The northwest Indiana machined parts manufacturer received as much as $335,500 in state and local incentives. Family-owned 3D Machine supplies to Pitney Bowes Inc., the Stamford, Conn., mail- and message- equipment maker, among other customers.
Kevin B. Kelly has been named Economic Development Director for the city of Noblesville, Mayor John Ditslear announced today. The 47-year-old was president of the Illinois chapter of the Associated Builders and Contractors, based in Elgin, Ill. Kelly also has been mayor of the Chicago suburb and headed that city’s chamber of commerce.
Gerald R. Francis, who has engineered the sale of two Indiana banks to out-of-state concerns, has joined Financial Stocks Inc. of Cincinnati as managing director of its private equity group. Francis will identify and evaluate opportunities to recapitalize or turn around community banks and thrifts. Francis, who will work from Indianapolis, revived Kokomo-based First National […]
Sallie Mae parent SLM Corp. said late yesterday that CEO Thomas J. “Tim” Fitzpatrick had resigned and would be replaced by Executive Vice President and Chief Financial Officer C.E. Andrews. News outlets including The Wall Street Journal and Reuters reported that directors of the Reston, Va., student loan giant felt a fresh start was needed […]
Several major retailers are poised to open in the new Hamilton Town Center, the 900,000-square-foot shopping center under construction at Interstate 69 and the new 146th Street. Simon Property Group says in documents promoting the project that it will include…
Indianapolis-based Emmis Communications Corp. and Indianapolis Motor Speedway have signed a unique, exclusive deal that will allow Indianapolis 500 fans to answer trivia questions and make race and Carburetion Day predictions via their cell phones. Carb Day is Friday and the race is Sunday. Financial terms were not released, but sports marketers said it’s an […]
Wire-fraud charges against International Outsourcing Services have been dismissed by federal prosecutors after the Bloomington company’s new managers pledged to cooperate in the prosecutors’ case against 11 of its indicted officials.Topping the list of indicted executives are CEO Bruce A. Furr, Executive Vice President Lance Furr and Chief Financial Officer William L. Babler, all of […]
George Foreman, who twice won the world heavyweight boxing championship, has bought a part of Panther Racing, the Indianapolis company said today. Terms of the deal were not disclosed. Foreman will add savvy honed by years of involvement in professional sports, team owner John Barnes said in a statement. The Indy Racing League team has […]
NASHVILLE, Tenn.-Indianapolis will get a Super Bowl, Colts owner Jim Irsay said today. When is another matter. NFL owners voted this afternoon to play the 2011 game at the 100,000-seat Cowboys Stadium in Arlington, Texas. The decision, which Irsay said came down to a 17-15 vote, dashed Indianapolis’ hopes of strengthening its status as a […]
Dallas added suites to its 2011 Super Bowl proposal at the 11th hour-a move that may have dealt a fatal blow to Indianapolis‘ bid to host the big game. Sources say Dallas viewed the additional suites as needed because of strong competition from Indianapolis. The suites will be used by the NFL to entertain guests […]
NASHVILLE, Tenn.-National Football League owners today awarded Dallas the 2011 Super Bowl, dashing Indianapolis’ hopes of strengthening its status as a sports powerhouse. The 32 team owners voted by secret ballot following 15-minute presentations from representatives of North Texas, Arizona and Indianapolis. Owners of the Dallas Cowboys, Arizona Cardinals and Indianapolis Colts also addressed their […]
Word of Indy’s Super Bowl defeat spread quickly among Hoosiers attending the International Council of Shopping Centers annual event in Las Vegas. Employees at booths for several real estate companies, including Simon, checked news Web sites all morning…
A giant book distributor has agreed to lease more than 500,000 square feet-an entire building-in Park 100. North Carolina-based Baker & Taylor, the world’s largest distributor of books, will take the entire Building 140 at 5045 W. 79th St. The building is owned by Prudential and managed and leased by locally based Duke. Jay Archer, […]
NASHVILLE, TENN.-Indianapolis’ Super Bowl bid has been delivered. Now comes the wait. A five-person contingent from the Circle City, led by Baker & Daniels partner Fred Glass and headlined by Indianapolis Colts Coach Tony Dungy, spent more than 20 minutes in a closed-door meeting with NFL owners. They emerged a few minutes before 1 p.m. […]
The Indianapolis committee bidding to host the 2011 Super Bowl has raised more than $25 million to pay for the event. The figure was a self-imposed goal, and has been funded entirely by private donations, said Baker & Daniels partner Fred Glass, who is helping head the team. A decision is expected this afternoon. Indianapolis […]
