IMA may drop Puck for service lapse
The Indianapolis Museum of Art is considering whether to revoke Wolfgang Puck’s exclusive catering contract after the company’s
slow service marred an important event in November.
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ECONOMIC ANALYSIS: Ford was from another era, one walloped by inflation
The death of a former president still is a pretty big deal in this country. We can probably thank our first president, one of the most beloved men in the country in his time, for the reverence and respect we hold for those who have sat in the Oval Office. But as the media pundits remark on the political decisions and world events that helped define President Gerald Ford’s administration, I am struck by a retrospective of a different type….
Blue Crew Sports Grill beating the odds
Being an Indianapolis Colts fan doesn’t mean you will necessarily succeed at running a Colts-themed restaurant, but Blue Crew
Sports Grill owners Randy Collins, Dan Dilbeck and Everett Myers aren’t ordinary fans. They are three pillars on which one
of the National Football League’s biggest fan clubs has been built.
BRIAN WILLIAMS Commentary: Lottery could help education even more
Recently, Gov. Mitch Daniels put forth a proposal to privatize the Hoosier Lottery. As envisioned by the governor, a private contractor would give the state an upfront payment of at least $1 billion and pay the state a guaranteed $200 million per year for the life of the contract. Daniels has proposed two uses for the upfront payment. Dollars would be split between a) scholarships for Indiana high school students attending Indiana universities and colleges and b) funding programs to…
Merging banks to put pressure on downtown real estate: Huntington, Sky to combine offices, but where?
Ohio-based Huntington Bank’s plans to buy Sky Financial Group Inc. will mean more available office space in a downtown market already awash in it. “People never merge without reducing their space,” said Jeff Harris, president of locally based Meridian Real Estate. “[This merger] is not going to have a monumental effect overall, but it’s just more square feet, another hole to be filled.” Columbus, Ohio-based Huntington Bancshares Inc. announced Dec. 21 that it agreed to purchase Bowling Green, Ohio-based Sky…
Downtown ice rink in the works
Ice skating on Monument Circle ended in the mid-1980s after damage from the weight of ice was discovered in the fountain basin.
But outdoor skating downtown might return. White River State Park plans to build a $1.5 million Olympic-size rink complete
with sound and light equipment and a skate-rental stand.
Library might pull out of struggling Glendale Mall
The building committee of the Indianapolis-Marion County Public has voted unanimously to move its branch out of Glendale Mall—a potential blow to Kite Realty Group’s attempt to redevelop the site into an open-air mall. The library announced this afternoon that the new configuration wouldn’t be conducive to patron access and would make moving materials more […]
Westfield firm survived Consumer Reports test
IMMI, a Westfield company that makes buckles, harnesses and other components for child car seats, said none of the seats using its parts failed a recent test by Consumer Reports. The not-for-profit watchdog group said this week that it could recommend only two of 12 infant seats it tested. Infant seats face to the rear […]
More souls aboard ATA planes
ATA Airlines said today it is filling more seats on its aircraft. The Indianapolis-based carrier said its scheduled service passenger load factor increased 3.3 points, to 79.1 percent, compared with December 2005. Scheduled service traffic was down 15.4 percent and total passengers fell 32 percent, to 217,029, in December. But comparisons are difficult because ATA […]
First National Bank & Trust sale closes
Harris has closed its $290 million acquisition of First National Bank & Trust, the Kokomo bank owned by the Hasten family of Indianapolis, the Chicago institution announced today. Harris is the U.S. arm of Bank of Montreal in Canada. It said in September it bought First National as part of a strategy to expand personal […]
Massive cattle farm OK’d in northwest Indiana
A confined feeding operation specializing in calves up to 90 days old has been approved 4-1 by the Jasper County Board. Wolf Creek Calf Co. agreed to dust and odor controls before being allowed to proceed with plans to inventory as many as 10,000 head on the property at a given time, according to the […]
Semafore Pharmaceuticals raises $9.5 million in financing
Semafore Pharmaceuticals Inc. has raised $9.5 million in equity partly to finance Phase I clinical tests of its cancer treatment. The start-up Indianapolis drug developer said both existing and new investors were involved in the infusion, and that the funding would be paired with $4 million received last year from the state’s 21st Century Research […]
Lilly licenses British diabetes technology
Eli Lilly and Co. said this morning that it has licensed rights to the diabetes and obesity subsidiary of Melville, N.Y.-based OSI Pharmaceuticals Inc. for $25 million plus as much as $360 million in addition payments, depending on the success of any compounds developed through the arrangement. The subsidiary, Prosidion Limited, is in the United […]
United Technologies lays off 112 in Huntington
A slowdown in house construction has prompted United Technologies Electronic Controls to lay off 112 workers at its Huntington plant, where it makes components for heating and air-conditioning units. The layoffs, effective Jan. 1, were mostly voluntary. But International Brotherhood of Electrical Workers Local 983 President Tyler Brown told The Journal Gazette of Fort Wayne […]
Health insurance vanishes for Steel Parts retirees
Health insurance was unexpectedly canceled Dec. 1 for about 100 retired workers of Steel Parts Corp. in Kokomo, complains Scott Sigler, vice president of Local 3875 of the United Steelworkers Union. A union lawyer said the Cleveland turnaround firm that bought Steel Parts out of bankruptcy the same day, Resilience Capital Partners, canceled the policy. […]
OFS Brands buys Carolina furniture maker
OFS Brands, a family owned manufacturer of desks, bookcases and other case goods in Huntingburg, has bought Carolina Business Furniture of Archdale, N.C., for an undisclosed price. The purchase will speed an expansion by the southern Indiana company into health care, according to the Evansville Courier & Press. OFS also operates as Styline Industries.
Former Bloomington mayor joins investment firm
Former Bloomington mayor John Fernandez has joined First Capital Group, a Bloomington firm that invests in new business ventures, as partner and senior vice president. Fernandez served from 1996 to 2003, and lost the 2002 race for Indiana Secretary of State to Republican Todd Rokita. Fernandez most recently advised on real estate deals at the […]
Amenities stripped from Johnson County development
Neighbors of a proposed subdivision in northwestern Johnson County complained so fiercely that developer Paul Shoopman now plans to meet zoning requirements precisely—and take the project downscale. Shoopman’s Indiana Land Development Corp. is stripping parks and walking trails as well as businesses, apartments and town homes, according to the Daily Journal of Franklin. House density will […]
F.S. English car dealerships sold
Indianapolis-based F.S. English Inc., which operates three buy-here/pay-here auto dealerships in the area, has been bought by Dallas-based Manchester Inc. for $8 million. The deal includes GNAC Inc., the company’s auto lending unit. F.S. English’s owner, Rick Stanley, will continue as CEO of the dealerships.
U.S. pended home sales down in November
The pace of pended sales of existing homes in the United Statesfell 0.5 percent in November from the month before, reports the National Association of Realtors. It was the third consecutive monthly decline. Overall, pended home sales are down 11.4 percent from a year ago.