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Defense contractor Rolls-Royce has signed a $900 million contract with Italian aircraft maker Alenia Aeronautica SpA to supply turboprop engines for nine years. The AE2100D2 engine comes from a bread-and-butter line of military engines that the British company designs, develops and manufactures in Indianapolis. The engine will be used on medium-size C-27 J Spartan cargo […]
Shares of Indianapolis-based Kite Realty Group Trust hit a 52-week low this morning for the second day in a row, opening at $11.23, down from a peak above $20 last October. The shares are trading at the lowest price since the real estate investment trust debuted as a public company in August 2004, and near […]
The Steak n Shake Co. disclosed in a regulatory filing today that it paid interim president Jeffrey A. Blade the equivalent of his $305,000 annual salary in severance in connection with his departure announced July 11. Blade also will receive $12,000 to spend on outplacement services. The resignation, which was effective immediately, came after director […]
Indianapolis developer Lauth Property Group didn’t breach a joint venture contract with a Chicago company when Lauth abandoned the joint venture and formed a partnership with a different company to build a hotel and casino in the southern Indiana town of French Lick, the Indiana Court of Appeals ruled today. The state’s second-highest appeals court […]
Jack Swarbrick, a Baker & Daniels attorney and key figure in Indianapolis professional and amateur sports, is Notre Dame’s first choice to replace Kevin White as athletic director, the Chicago Tribune reported today. Citing an unidentified source, the newspaper said the deal isn’t finished but that an announcement of a new athletic director could come […]
Despite the hype surrounding Indianapolis Colts quarterback Peyton Manning, it’s still easy to underestimate—or simply forget about—the impact this one player has on the team. That impact goes beyond winning on the field.
The…
Premier Exhibitions Inc., the Atlanta company that has been accused of using body parts from Chinese prisoners for its controversial cadaver exhibits, will open the show July 30 in Claypool Court near Circle Centre mall. The “Bodies…the Exhibition” exhibit will open just months before the Indiana State Museum brings its “Body Worlds III” exhibit to […]
The Metropolitan Development Commission is scheduled tomorrow to consider a tax abatement worth more than $100,000 for The Steak n Shake Co. The incentives would be doled out in exchange for the Indianapolis company’s retaining 160 jobs and a $2.5-million investment in new equipment. IBJ first reported in April on local government plans to throw […]
It looks like Indiana University can scratch one of the candidates for its soon-to-be-vacant athletic director position off the list.
Late yesterday, word began to spread that Indianapolis attorney Jack Swarbrick is a candidate for the Notre Dame athletic director position….
Marketing the Gary SouthShore RailCats minor league baseball team is a struggle because area residents are still mad that the price of the team’s home, U.S. Steel Yard stadium, climbed far beyond original projections. That’s what the team’s new owner, Waukegan, Ill., attorney Patrick Salvi, was told during a speech yesterday to the Gary chamber […]
How did we get to the point where someone can be accused of racial harassment for reading a scholarly book
about the Ku Klux Klan â?? a book in which the good guys, Notre Dame students, whip the bad guys,…
With concerts booked heavily at Verizon Wireless Music Center, the Lawn at White River State Park, the Murat, the Indiana State Fair, Music Mill, the Vogue, the casinos and other venues as well as Indy Jazz Fest, IBE’s Summer Celebration, and RibAmerica, it…
Pennsylvania gambling regulators have unanimously rebuffed an attempt by Indianapolis-based Centaur LLC to gain a temporary slots license that would clear the way to develop a horse race track and casino. Financing for the project expires July 15, a Centaur attorney told the Pennsylvania Gaming Control Board earlier this month. “This whole project could go […]
Indiana ranked 13th on CNBC’s annual list of top states for business, a vast improvement over the 26th place last year. The biggest jumps occurred in the categories of economy, business friendliness, transportation and cost of doing business. The state’s ranking for innovation and access to capital were stagnant. States were ranked on 40 measures […]
There will be a flurry of off-track activity in the next two weeks as the Indy Racing League finalizes its 2009 schedule. Series officials are expected to sit down with several track operators in the next few days to discuss…
Duke Realty Corp., the developer of the mixed-use Anson in Boone County, has chosen Hansen & Horn Group Inc. to build single-family houses in the project. Locally based Hansen & Horn replaces Los Angeles-based KB Home Inc., which backed out of plans to build in Anson when it exited the Indiana market in July 2007. […]
Starbucks Corp. plans to close a location at 3021 W. 16th St. as part of a downsizing that the Seattle coffee giant blames on a slow economy and decline in consumer confidence. About 600 stores will be shuttered nationwide in the pull-back, Starbucks announced July 1. Only one other Indiana location will close, in the […]
AM General, the Mishawaka company that makes Humvee military vehicles and the hulking Hummer sport-utility vehicle, says it’s about to sign an agreement to build the new Standard Taxi for Vehicle Production Group LLC of Troy, Mich. Assembly could begin next year, according to the South Bend Tribune. Prototypes generated by Vehicle Production Group are […]
Angie’s List CEO Bill Oesterle has paid nearly $1.5 million to buy Holy Trinity Greek Orthodox Church in the Meridian-Kessler neighborhood and is renting it to the Indianapolis Opera to use as a multi-function center offering rehearsal space, classes and small performances. “I would have been hard-pressed to tell you much about the Indianapolis Opera before all of this. But I think they’ll be great neighbors,” said Oesterle, who lives on Washington Boulevard, directly north of the church parking lot….
Sky-high oil prices have rekindled an industry in east-central Indiana that many thought had run its course a century ago.
A handful of wily prospectors motivated by oil prices approaching $150 a barrel are betting that’s not the case.
