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Less than two years after being driven out of Adesa Inc. as unceremoniously as a Buick down its auction lanes, James Hallett
is back behind the wheel of the nation’s No. 2 wholesale vehicle-auction company.
What advantage does Indiana have over other places? Living here gives you more time for living. Put differently, Hoosiers drive fewer minutes each way each day to and from work compared to many people living in other parts of the nation. The May 7 issue of U.S. News and World Report lamented the stress placed on Americans by gridlock. It discussed the “war on traffic” and suffocating congestion. With hope, the authors pointed to new transit systems and trafficmanagement techniques…
Recently, I served as a moderator for a panel that included Indianapolis Colts President Bill Polian; Conseco Fieldhouse Executive Director and Indiana Pacers Vice President Rick Fuson; NCAA President Myles Brand; Indianapolis Motor Speedway President Joie Chitwood; and former Indiana Sports Corp. Chairman Jack Swarbrick. Except for the moderator, it was an all-star lineup, convened to discuss the impact sports has had on Indianapolis. It was both informative and inspiring as it captured the essence of the sports initiative and…
A 2-1/2-year-old Indianapolis not-forprofit that funds melanoma education and research through an annual race hopes to extend its footprint around the country. Outrun the Sun Inc. has had preliminary talks with a race management firm in Los Angeles, said co-founder and Executive Director Anita Day. Los Angeles is the headquarters of Neutrogena, which recently agreed to sponsor Outrun the Sun’s annual race. Momentum to take the organization national also picked up this year when it landed Shape magazine and Subaru…
Dick Turner is looking for an entrepreneur who shares his taste for nostalgia and Big Chief cheeseburgers. For 20 years, he has dreamed of opening an updated version of the classic TeePee restaurants that served as hangouts for generations from the 1930s to 1970s. At its peak, the chain had three Indianapolis locations, each with dining rooms and curb service, on Madison Avenue and Fall Creek Boulevard and in Nora. Turner can show you the frayed legal documents that outline…
Property Lines will be on location in Las Vegas next week for the retail real estate community’s version of the Super Bowl. The annual International Council of Shopping Centers event is the nation’s…
Twenty-one states, including Indiana, are pushing ahead with consumer-protection laws and bond sales to try to minimize the impact of the deepest housing downturn since the Great Depression, according to Bloomberg. Indiana Gov. Mitch Daniels signed a bill designed to offer consulting to homeowners who are in default or in danger of doing so. A […]
The former Rollerland skating rink, which also once served as a car dealership, is up for sale. The 1928 building at 922 N. Pennsylvania St. is part of a block of four properties owned by Master Glass & Color Inc….
Hurco Cos. Inc. today reported profit of $4.7 million for its second fiscal quarter ended April 30 compared to $3.9 million a year earlier. Revenue increased 15 percent, to $42.5 million. The Indianapolis-based maker of interactive computer controls, software and machine tools attributed the upswing partly to rising demand, mostly in Europe.
An $800 million factory now churning out engines for Chrysler, Hyundai and Mitsubishi might have landed in Marion instead of Dundee, Mich., had Marion been able muster more college-educated workers, according to The Chronicle-Tribune of Marion. A Marion economic development official pointed out that the Global Engine Manufacturing Alliance plant, which employs 530, demands at […]
Shopping mall developer Melvin Simon and wife, Bren Simon, have given the Indianapolis Museum of Art $10 million to endow the director and CEO position, the IMA announced today. The donation will be added to IMA’s endowment of $367 million, but interest proceeds will fund salary and professional development expenses for the museum’s head. Though […]
Six Midwest clergy were arrested today at Market Tower downtown for protesting what they said was resistance from an Indianapolis company to increasing compensation for janitors. The group, called Indianapolis Clergy Committee, led by the Rev. Darren Cushman-Wood, pastor of Speedway United Methodist Church, said Executive Management Services would not take part in a process […]
Here are some restaurant nuggets, along with a chance to win free food: The Jimmy Johns on Pennsylvania Street downtown has closed. The chain has another restaurant about a block away, at Meridian and Washington streets.Hoaglin Fine Catering plans to…
Philip Cochran has been named to replace Roger Schmenner as head of Indiana University’s business school at IUPUI. Schmenner, who led the program for nine years, will remain on the faculty and help IUPUI Chancellor Charles Bantz with special projects. As associate dean for the school, Cochran, a professor of business management and philanthropic studies, […]
West Lafayette-based Chromcraft Revington Inc. posted a loss of $1.2 million in the first quarter, compared with profit of $1.1 million in the year-ago period. Revenue in the three months declined 26 percent, to $33.8 million. The maker of residential and commercial furniture attributed the decline to a soft retail market, pressure from import markets […]
While Gov. Mitch Daniels is cautioning that German transmission maker Getrag Corporate Group hasn’t signed a contract with Chrysler, construction equipment is arriving at land Getrag owns near U.S. 31 and State Road 28 north of Indianapolis. Two bulldozers and a front-end loader arrived yesterday, according to the Kokomo Tribune. Getrag bought 145 acres earlier […]
Tropicana Entertainment says profit at its Casino Aztar in downtown Evansville was hurt in the quarter ended March 31 by the opening of the new casino in the southern Indiana community of French Lick. Profit fell 16 percent, to $9.3 million, on a 9.5 percent drop in gambling revenue, according to The Evansville Courier & […]
Keronite International, a British firm that changes aluminum and magnesium surfaces into high-wear ceramics, will locate a site in Greenwood, bringing 25 jobs and $1.5 million in investments, Gov. Mitch Daniels announced today during his trade mission to Europe. The company’s first U.S. operation will focus on motorsports with a possibility of expanding to broader […]
Warren Buffett likes WellPoint. Buffett’s Berkshire Hathaway Inc. this week revealed it has amassed nearly 980,000 shares in WellPoint Inc., the Indianapolis-based health benefits firm, according to Reuters. Berkshire’s stake is worth about $82 million. Shares of companies often rise after Berkshire discloses investment in them. Buffett, the second-richest man in America, looks for stable, […]
