Home » Search

Search Results

13946 results for 'articles'

To refine your search through our archives use our Advanced Search

BEHIND THE NEWS: Few signs of endowment’s diversification yet

It’s a rite of spring. The annual arrival of Lilly Endowment Inc.’s annual report provides a rare glimpse into the operations of the secretive-butsuper-powerful Indianapolis-based foundation. This year, there’s more anticipation than usual. Beyond the listings of who received the hundreds of millions of dollars in grants the endowment passed out last year, the report-due to be released by the end of this month-also will show where the endowment invests its $7 billion in assets. Until now, that part of…

Relax, you better get used to it-it’s only globalization: VOICES FROM THE INDUSTRY

Globalization, like all sweeping economic trends, provokes a widespread disquiet. Specifically, we fear that somehow, if it continues unchecked, people in the United States will lose their high-paying jobs and we will devolve into a lowwage service economy. As China gains, we lose. To borrow a phrase from Thomas Friedman, they’re frightened that the flattening of the world economy will flatten us. It is true that traditional manufacturing jobs are fewer now than before. And, lots of things are made…

Fred Glass brings city’s ‘to do’ list to life

Fred Glass, president of the city's Capital Improvement Board, headed historic transitions in both the mayor’s and governor’s
offices and has become the go-to guy for some of the city’s biggest initiatives, most of them sports-related.

Competition drives hospital chief: Lennen labors to grow hospital, county to stay ahead of Indianapolis peers

Competitive. That’s how Shelbyville community leaders describe Tony Lennen. Indeed. Any CEO of the city’s Major Hospital needs to be. Shelby County residents can, in just 20 to 45 minutes, drive up Interstate 74 or Interstate 65 to any of Indianapolis’ large hospitals, many of which boast massive marketing budgets and stables of specialists. But in nearly 14 years at the helm of Major Hospital, Lennen has found creative ways to boost profits, enhance technology, woo specialists and even-through aggressive…

Overseas strategy has Hurco roaring back: Local manufacturer sells most of its products abroad

Even with the U.S. auto industry under pressure and the North American manufacturing market experiencing relatively slow expansion, Indianapolis-based Hurco Cos. Inc. is on a tear. The maker of metal- and machine-cutting tools and software has stayed ahead of the curve by growing aggressively overseas while keeping a lid on expansion costs. That double feat is easier said than done, said Ananth Iyer, professor of operations management at Purdue University and director of the Dauch Center for the Management of…

INVESTING: Embattled Emmis may provide short-term opportunity

It’s been more than five years since I (accurately) predicted that satellite radio would be a major problem for traditional radio. And while I got no love for that call back then, I am going to step back to the lonely side of the street with this call: Terrestrial radio will take a long time to die, and in the short term there may be money to be made. The radio industry (both from the sky and the ground) is…

Hasten brothers commit to funding Jewish students

Hart and Mark Hasten, who sold Kokomo-based First National Bank & Trust in January to Harris Bankcorp Inc. of Chicago, have given a grant to Hasten Hebrew Academy that paves the way for more low-income students to attend the school. Some families didn’t qualify for assistance programs already in place or were reluctant to disclose […]

Indianapolis-area home sales dip nearly 9 percent

Pended sales of existing single-family homes and condominiums in the nine-county Indianapolis area fell 8.9 percent in March from the same month last year, F.C. Tucker Co. said today. The sale of 2,763 units was a set-back due to lingering wintry weather in February, said the brokerage, which bases its report on Metropolitan Indianapolis Board […]

Escalade announces interim CEO, less profit

Evansville-based sporting goods maker Escalade Inc. today announced that CFO Terry Frandsen will serve as interim CEO following the sudden April 9 death of CEO Daniel Messmer. Frandsen also will continue serving as CFO. The company has begun a search for Messmer’s permanent replacement. Escalade also reported $1.1 million in profit for the quarter ended […]

Mortgage woes clip Irwin Financial

A troubled mortgage market and a charge-off from a bad loan in Michigan likely will result in a $5 million-$10 million first-quarter loss for Irwin Financial Corp, the Columbus company said today. The quality of the bank holding company’s traditional mortgage business remains strong, but it said turmoil in the secondary market likely will lead […]

Glicks to donate $30 million to IU medical school.

Apartment-builder Gene Glick and his wife Marilyn will give $30 million to found an eye institute at the Indiana University School of Medicine, the school announced this morning. Two-thirds of the money will pay for a new building to house the Eugene and Marilyn Glick Eye Institute. The remainder will fund research on eye diseases, […]

Sallie Mae eyed by private equity buyer, report says.

The New York buyout firm Blackstone Group might offer $20 billion to take over the parent of student loan provider Sallie Mae, The New York Times reported this morning. Sallie Mae, which is owned by Reston, Va.-based SLM Corp., operates a loan processing center in Fishers and has a new loan-collection service in Muncie that […]

Dow AgroSciences parent might become takeover target

Dow Chemical Co. CEO Andrew Liveris said this week that he doesn’t want to sell the Midland, Mich., company. But that doesn’t mean private equity firms eyeing Dow won’t return with hostile offers, according to a Bloomberg report. The parent of Indianapolis-based Dow AgroSciences fired Executive Vice President Romeo Kreinberg and J. Pedro Reinhard, a […]

American General to expand Evansville headquarters.

American General Financial Services received the go-ahead yesterday from the Evansville Area Plan Commission to buy industrial property near its downtown headquarters. The consumer finance company wants to add 135,000 square feet of offices at an estimated cost of $35 million, although only 15 jobs would be created, according to the Courier & Press. Owned […]

Tipton could land economic development prize

Indiana might be on the verge of landing the largest economic development plum since Honda Motor Co. announced in June that it would build a $550 million assembly plant in the southeastern Indiana city of Greensburg. Getrag Corporate Group, a German company that specializes in manufacturing transmissions, is likely to announce in the next few […]

Dow ousts 2 over unauthorized sale talks

Dow Chemical Co., parent of Indianapolis-based Dow AgroSciences, said today that it has fired two longtime executives because they “were involved in unauthorized discussions with third parties about the potential acquisition of the company.” A British newspaper reported over the weekend that an investor group had lined up financing to make a $50 billion bid […]

UPDATE: Citizens shuttering dinosaur coke plant

Hammered by foreign competition, declines in heavy industry and rising environmental costs, Citizens Gas & Coke Utility said today it plans to close its 98-year-old Indianapolis Coke plant, eliminating 300 jobs. The utility said today it was unsuccessful in finding a buyer for the southeast-side plant despite interest from about 20 firms over the last […]

UPDATE: Incentives helped PrincetonOne choose Indy

Its past work with Eli Lilly and Co. and the presence of central Indiana’s universities led executive search firm PrincetonOne to commit to adding 200 jobs in Indianapolis, the company said today.   And $2.1 million in city and state incentives didn’t hurt, either.   The city offered PrincetonOne $55,600 in tax abatements, and the […]

Carmel nursing home cited for violations

Manor Care at Summer Trace in Carmel has violated several state regulations for long-term care facilities, the Indiana State Department of Health said this morning. The Department of Health said it wants to put the facility on probation, and require the facility to hire a nurse and licensed administrator consultants. Among violations found in four […]

BREAKING: Citizens to close Coke plant

Citizens Gas & Coke Utility will close its 99-year-old Indianapolis Coke plant on the southeast side, eliminating 300 jobs. The utility said today it was unsuccessful in finding a buyer for the plant despite interest from about 20 firms over the last 11 months. Sources outside the company who were close to the talks said […]