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BULLS & BEARS: SEC faces difficult task fighting insider trading

In the second episode of the excellent trilogy “Back to the Future,” Biff Tannen obtains a magazine that gives the final scores of yet-to-beplayed sporting events. He uses that information to “gamble” his way to wealth. Similarly, haven’t we all wistfully wondered what we would do if we only had a copy of tomorrow’s Wall Street Journal today? Well, occasionally some people do obtain that kind of advantage in the securities markets. One former Securities and Exchange Commission attorney noted…

SPORTS: Bad news no surprise in our ‘anything goes’ world

I considered the notion for a moment and conceded, “You may be right.” After all, shock-jock Imus had made a career of offering insensitive, crude and sometimes race-based insults (he once referred to New York Knicks’ star Patrick Ewing as a “knuckle-dragging moron”). But when he offered his unconscionable take on the women of the Rutgers University basketball team, his primary mistake was timing. His comments came at the wrong time in the media cycle. There was a vacuum, and…

Ivy Tech boasts healthy enrollment, but most students wither on vine

Ivy Tech Community College–charged with cranking out workers to fill high-demand jobs in critical occupations–has an output
rate reminiscent of an old, state-owned Soviet assembly line. Incoming President Thomas Snyder is taking over a community
college system that graduates only 12 percent of its students within three years.

What you crave

Never fear, White Castle fans. The downtown location at 16th and Illinois streets, which is closed and surrounded by a fence, apparently will soon serve sliders again in a shiny new White Castle building with nicer landscaping. Changes are coming…

Technology award finalists named

TechPoint today announced the finalists for its 2007 Mira Awards, which honor the top performers in technology-related industries.   Finalists were broken down into 12 categories covering the information technology, life science and advanced manufacturing industries; educators also will be honored for their contributions to high-tech business.   Winners will be recognized at a banquet […]

First Camry to roll out of Lafayette plant today.

Subaru of Indiana Automotive Inc. is slated to begin producing the Toyota Camry at its Lafayette plant today, according to the Journal & Courier of Lafayette. Toyota partnered with Subaru to take advantage of an available assembly line to ramp up production of the popular sedan. In coming months, 1,000 workers will turn out an […]

UPDATE: Shares of Hat World parent leap

Shares of Tennessee-based Genesco Inc.—parent of Indianapolis-based Hat World—rocketed higher this morning after New York-based Foot Locker Inc. offered $1.2 billion for Genesco.   Genesco owns several other chains, including Journeys and Johnston & Murphy. Hat World, which has more than 700 locations, accounted for about 23 percent of Genesco’s $1.46 billion in sales in […]

Downtown getting home shops

People living downtown won’t have to wait for a proposed Target to go home shopping closer to home. Carson Pirie Scott is renovating 25,000 square feet of its space on the third floor of Circle Centre mall for a new…

BREAKING: Foot Locker bids for Hat World parent

New York-based Foot Locker Inc. this morning offered to buy Tennessee-based Genesco Inc. for $1.2 billion—a deal apparently driven by Foot Locker’s desire to gain ownership of Genesco’s Indianapolis-based Hat World unit. Talk of a possible deal has been brewing for weeks. Women’s Wear Daily reported last month that Foot Locker planned to open its […]

Getrag plant would build minivan transmissions

The $560 million transmission plant Tipton-area residents hope to lure to their city north of Hamilton County would make units for a minivan Chrysler plans to roll out for the 2010 model year, according to the Kokomo Tribune. Production of Getrag transmission production would begin in February 2009, with an anticipated annual rate of 400,000 […]

Angola manufacturer to expand, add 100 positions.

Vestil Manufacturing Co., which makes industrial materials handling equipment in the northeastern Indiana city of Angola, will boost its work force nearly 50 percent, the Indiana Economic Development Corp. said today. The addition of 104 jobs comes through an $8.2 million investment supported with $2.2 million in economic development incentives. Construction on the manufacturing plant […]

Why so picky?

Barnes and Thornburg building next door to Borders, not leasing to anyone
Oceannaire and Flemings, Thornburg turned down. Steve Lee, Hokenson.

UPDATE: IndyPartnership to retain brand, mission

IndyPartnership, the not-for-profit that markets central Indiana to prospective businesses, will keep its brand name and sales mission in a merger its board approved today with Central Indiana Corporate Partnership, another non-profit that represents CEOs of Indiana’s largest corporations. The parties also agreed to carve out a separate economic development organization for Marion County, said […]

Lilly Endowment tiptoes into diversification

Lilly Endowment Inc. said today that it has begun the processing of diversifying its assets by putting $100 million into index funds managed by Vanguard. The huge private foundation announced last July it would begin diversifying away from Eli Lilly and Co. shares. A swoon in Lilly shares has halved the value of the endowment […]

No deal yet on JW Marriott

The city and two local developers still are working on an agreement for a $250-million hotel complex including a JW Marriott near White River State Park. The parties had hoped to reach agreement by April 1. There are no hangups…

BREAKING: IndyPartnership agrees to merger

The IndyPartnership, the regional economic development organization that markets Indianapolis for business relocations and expansions, today agreed to be absorbed by the Central Indiana Corporate Partnership. IndyPartnership spokesman Todd McCall confirmed that the proposal was ratified today by the organization’s board of directors. “It’s the first step in the process toward putting the IndyPartnership initiative […]

ESPN bumps Indy Racing League event

The Indy Racing League took a hit today when ESPN decided to pre-empt coverage of the league’s race in Japan this Saturday so that it can show a National Basketball Association playoff game live.   ESPN officials announced this morning that they moved the Indy Japan 300 at Twin Ring Motegi from its original noon […]

Lucas Oil to pitch $1 million toward Super Bowl bid

Forrest Lucas announced this morning that his company, Lucas Oil Products, has pledged $1 million toward the city’s bid to host the 2011 Super Bowl. The game would be played in the new stadium for which the California businessman paid $121 million to gain naming rights. A not-for-profit launched to bid for the game with […]

Stoops spinning off Nissan dealership in Muncie

Jeff Stoops, who owns a Buick dealership in Plainfield and a Freightliner truck dealership on the far south side, plans to sell a Nissan car dealership he owns in Muncie with a brother, Randy Stoops. Randy Stoops told The Star Press of Muncie that the brothers are committing to the Buick, Pontiac and GMC brands […]

Gibraltar puts apartment properties up for sale.

Nine multi-family residential properties have been put up for sale by Indianapolis-based Gibraltar Properties Inc. Two are in Nebraska and two are in Fort Wayne. The rest are in the Indianapolis area in Avon, Brownsburg, Greenfield, Plainfield and Danville. Gibraltar priced the properties, which have 2,412 units, at a total of $170 million.