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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 […]
Less than six months after settling a bitter lawsuit with Conseco Inc., Stephen and Tomisue Hilbert will auction off more than 100 pieces of art and antiques beginning this week at Sotheby’s in New York. The auctioneer values the Hilbert collection between $7 million and $11 million, according to a catalogue from the show. The […]
NASHVILLE, TENN.-Lucas Oil Stadium isn’t the only local sports venue that would see action if NFL owners pick Indianapolis to host the 2011 Super Bowl. Indianapolis Motor Speedway would be decked out for the league commissioner’s prestigious Friday night party, and Conseco Fieldhouse would be the site of a “star-studded concert” on the eve of […]
A site plan from Kite Realty Group shows how a new Target store will fit within Glendale Town Center and also reveals some of the shopping center’s new tenants. A…
People on the northwest side could get another fitness option to go with a brand new Gold’s Gym that just opened near 86th Street and Michigan Road. A development fact sheet from…
Eli Lilly and Co. could benefit from a recent New England Journal of Medicine report that Avandia, GlaxoSmithKline’s diabetes drug, might heighten the risk of heart attacks by 43 percent, according to Forbes. Lilly and a Japanese partner have developed Actos, which is similar to Avandia. However, unlike GlaxoSmithKline’s drug, Actos doesn’t make a big […]
A plastics-molding plant in the southwestern Indiana town of Mount Vernon has been bought as part of Saudi Basic Industries Corp.’s $11.6 billion acquisition of GE Plastics. The Saudi Arabian company is committed to the facility and its 1,450 workers, GE Plastics CEO Brian Gladden told the Evansville Courier & Press. Opened in 1960, the […]
