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The average sale price of houses in the 13-county metro area fell 3 percent in July from the same month last year-to $163,612, the Metropolitan Indianapolis Board of Realtors said today. The number of sales slid 6.7 percent, to 2,765. Pending sales-signed but not closed-fell 5 percent. Inventories held steady at 22,270, a sign that […]
A group tied to the United Auto Workers union is calling on Toyota Motor Corp. to rehire two workers it says were fired from the Japanese automaker’s Georgetown, Ky., assembly plant for trying to organize a union. Kentucky Jobs With Justice also said Toyota should improve safety and treatment of temporary workers at the plant, […]
A 5-foot wall of water pouring through a broken levee would have wreaked havoc on the nearly completed Cabela’s store in Hammond had a newly built berm not stopped it, according to the Post-Tribune of Merrillville. Also saved from the floodwaters were more than 1,000 homes. Nebraska-based Cabela’s was within six weeks of opening the […]
The Renaissance Flats project is taking shape along St. Joseph Street between Delaware and Alabama streets just north of downtown. The 19-unit project, by Britton Buildings Design Inc., is just north…
A sluggish real estate market hasn’t deterred investment groups interested in owning the 31-story First Indiana Plaza. Brokers say the New York-based owners of the struggling skyscraper have received about 10…
BP won’t have to cut emissions of soot at its Whiting oil refinery because the Indiana Department of Environmental Management has granted the petroleum giant an exemption from federal regulations, according to the Chicago Tribune. The rules would have required the refinery to halve the amount of microscopic pollution the refinery emits. However, Indiana regulators […]
The Evansville-Vanderburgh Airport Authority yesterday approved commuter flights to Indianapolis through the Massachusetts carrier service Cape Air. When the flights start, possibly in October, they will be the first flights between the cities in two years. Tickets for the flights on the nine-passenger Cessna 420s are likely to be $85 to $125, according to the […]
Bloom Marketing Group, a Bloomington-based call center, plans to add 400 to 500 workers to the current roster of 120 by the end of the year, according to the Herald-Times of Bloomington. The startup, which was spun off from the Bloomington advertising firm Finelight Strategic Marketing Communications, is ramping up in anticipation of the Nov. […]
After testing a new kind of wellness program at Eli Lilly and Co., WellPoint Inc. is offering the broad program to all national employers served by its Anthem subsidiary. WellPoint touts its Healthy Lifestyles program as a help to employers trying to get their workers to make healthy behavior changes in five key areas: tobacco […]
Anderson at-large city councilman Rick Muir is questioning the $144,000 cost and performance of the city’s marketing consultant, Greg Winkler, according to the Herald Bulletin. Since being hired in 2004, Winkler has helped bring 119 of the roughly 400 jobs employers have said they’d add to the area. Muir last week told the city council that […]
A Texas company has terminated its contract to buy Pan Am Plaza because of turmoil in the credit markets. Principle Equity Management had hoped to build a $50 million restaurant and…
The Evansville-Vanderburgh Airport Authority Board plans to meet today to consider whether to approve commuter flights between Evansville and Indianapolis. Massachusetts-based Cape Air would launch five flights a day in nine-passenger Cessna 402 aircraft, according to the Evansville Courier & Press. The flights might begin in October. Today’s meeting follows a meeting last week among […]
Indianapolis-based Eli Lilly and Co. paid more money-$11 million-to Minnesota doctors, nurses and medical foundations than any other drug company between 2002 and 2004, according to the Pioneer Press of St. Paul, Minn. The report is based on Minnesota’s strict disclosure law. Only Maine and Vermont have similar laws requiring pharmaceutical companies to open books […]
The Home Depot Inc.’s board yesterday agreed to slash the sale price for its wholesale business by 18 percent, to $8.5 billion, a sign that disarray in credit markets is taking the momentum out of the private equity buyout boom. Home Depot in June had agreed to sell the business for $10.3 billion to private […]
Long ago, on a muggy Hoosier morning, my wife, Pam, and I packed the car, coaxed our reluctant sons into the back seat and drove three hours north from Indianapolis. Our destination was a summer camp in the far reaches of the state-a place where Austin and Zach would spend their first extended time away from home. When we walked into the camp’s registration area, we found two people we knew: Indianapolis Mayor Bart Peterson and his wife, Amy. They…
A Texas hedge fund manager young enough to be the grandson of several Steak n Shake Co. board members might cause the board a lot of headaches in the months to come. Twenty-nine-year-old Sardar Biglari, who runs the San Antonio-based Lion Fund, is leading a group that recently amassed a 5.8-percent stake in the struggling Indianapolis restaurant company. Biglari isn’t the passive investor type-just ask the folks at Applebee’s, Friendly Ice Cream Corp. and Western Sizzlin Corp., three other chains…
Far from its older perception of a backoffice function, information technology today is cutting edge and business savvy, driving innovation in virtually every industrial sector. As an industry, IT in Indiana has seen significant growth in the past few years. In fact, the state’s tech nology sector has grown so quickly that the industry faces a new challenge-employers are experiencing explosive growth and cannot find enough qualified individuals to fill these new positions. As documented by the Indiana Department of…
Once a year, the CEO implores employees to sign pledge cards to the United Way. Local health and human services agencies that
benefit wait to redeem your tax-deductible gift. But others are preaching there’s another path to charitable-giving heaven.
Lesser-known federations continue to nip at the heels of the United Way establishment in the workplace.
The upheaval in the credit markets has cast doubt on whether the long list of the acquisitions announced months ago will be completed. Some of these deals will blow up, but there also is opportunity for investors who are able to weigh the probabilities a deal will be completed. The spread between the current market price and takeover price on many of the deals in the works offers potential arbitrage profits. An example of a deal that has a low…
