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In March 2006, USA Today picked up a local newspaper’s profile of Indianapolis-based Fatheadz Inc., the company Rico Elmore
and two partners founded in 2005 to sell eyeglass frames for larger heads. That eventually led to the company’s big break:
A Wal-Mart Stores Inc. executive read the article and ordered buyers to track down Fatheadz to make a deal.
Let us now give two cheers to the good-enough musical. The good-enough musical usually has some fun songs, some laughs and maybe a sweet moment or two. The good-enough musical demands very little of its audience. The good-enough musical may do OK on Broadway despite harsh words from the critics, but it has a longer life in regional theaters, and community productions. The good-enough musical depends on a good-enough production to work. When it’s got one-and your expectations aren’t too…
The “event data recorder,” a so-called black box car makers have installed in their cars over the last decade and a half as
part of air-bag systems, can be a double-edged sword for motorists. Yet they likely don’t even know it’s spying from under
their seat or dashboard.
Removing a post-retirement health plan for retirees would amount to breaking a “solemn promise,” a former top executive of Indianapolis Power and Light once told state regulators. A dozen years later, those words are coming back to haunt the utility in a case before the Indiana Utility Regulatory Commission that seeks to force IPL to pay up to $115 million to back-fund a retirement plan it spun off in 2001. The complaint, filed in November, also demands that IPL resume…
As millions of television viewers have been swept up in the twirl of the ABC reality series hit “Dancing with the Stars,” local studios are cashing in on the craze as everyday folks try to learn to dance like fall winner Helio Castroneves. Dance studio owners said they’ve seen a surge in business since the television program debuted in 2005, and the tempo has picked up with each new season. Simply Ballroom owner Romaric Cansino said he surveys all new…
Carmel-based Woods Industries Inc., which manufactures and imports electrical products, is being closed, according to a notice posted by the Indiana Department of Workforce Development. The closing will result in displacing 68 workers by April 25, the notice said. Woods was acquired in November by Coleman Cable Inc. of suburban Chicago. Coleman manufactures electrical and […]
More than 1,000 workers a day in two shifts are scrambling to finish Lucas Oil Stadium, installing everything from seats and concession stand equipment to portions of…
Here are some photos of the new Lucas Oil Stadium shot during a tour on Jan. 24. I was a guest of the Concord Business Association.
West Lafayette-based drug developer Endocyte Inc. today announced it has secured a $15-million credit line through Alexandria, Va.-based Oxford Finance Corp. and Chicago-based GE Healthcare Financial Services. Endocyte CFO Mike Sherman said the credit line gives his company financial flexibility as it tries to advance a series of patented cancer treatments. Unlike a venture capital […]
I’m a bit shamed to admit it, but when I picked up Steve Almond’s recent collection of essays “(Not that You Asked)” I cringed a little when I saw that the first substantial one focused on the author’s literary hero,…
Three layoffs were announced yesterday in as many locations in Indiana. Superior Essex Inc. said it will close its wire manufacturing plant in Vincennes as part of a restructuring and shift the work to plants in Tennessee and Mexico, the Vincennes Sun-Commercial reported. By the end of the year, 250 workers will lose their jobs. The […]
Indianapolis-based Steak n Shake Co. Inc. reported a $1.2 million loss in its first fiscal quarter after having shown a $4.2 million profit a year earlier. The loss of 4 cents per share was greater than the 2-cent loss expected by analysts surveyed by Thomson Financial. Revenue in the period ended Dec. 19 slipped 7.4 […]
Cummins Inc. plans to build a four-story, 100,000-square-foot building as part of a revitalization of the old Commons Mall in Columbus. The project calls for demolishing much of the mall and replacing…
If you pay taxes, President Bush and leaders in Congress have agreed to send you at least $600 in the
hope youâ??ll spend it and pump more life into the economy.
They have their wishes, but Americans are independent sorts.
What would…
The brother of former race team owner Tony Bettenhausen, who died in a plane crash nearly eight years ago, has won an appeal of a court case involving ownership of a related business. The Indiana Court of Appeals this month reversed a previous decision awarding business associate Thomas Godby full ownership of 109 Gasoline Alley […]
Noblesville-based Warner Bodies Inc. said today that it has acquired the fabrication division of Metro Products, an Indianapolis company that makes a variety of products, for $850,000. The 15 workers at Metro have been asked to join Warner, a longtime maker of truck bodies.
ITT Educational Services Inc. reported today that fourth-quarter profit shot up 18.6 percent, to $48.5 million, on rising enrollment and the opening of new locations. The Carmel-based operator of technical schools said revenue was $230.4 million, up 11.7 percent from the year-ago period. The $1.20 per share in profit exceeded the $1.17 anticipated by analysts […]
Terre Haute is losing shoppers to Plainfield and Evansville, so two developers want to attract more stores to the western Indiana city. To make room for the stores, the Terre Haute-based developers, Thompson Thrift and Gibson Development, want land now occupied by the Wabash Valley Fairgrounds, according to the Tribune-Star. In exchange, the fairgrounds would […]
Earnings of Celadon Group plunged 72 percent in the quarter ended Dec. 31, the Indianapolis-based trucking company reported yesterday, reflecting a continued downturn in the industry. Net income of $1.7 million was down from $6.1 million for the same quarter the previous year. Earnings per share fell to 8 cents, from 26 cents a year […]
Shares of Cummins Inc. shot up more than 6 percent late this afternoon after the Columbus, Ind., diesel engine maker announced it would add 500 engineering and other professional positions in the next two years. The stock closed at $45.33, up $2.71 a share, then edged up 13 cents more in after-hours trading. The 500 […]
