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VOICES FROM THE INDUSTRY: Nanotechnology presents an enormous opportunity
In a “supersized” culture, where bigger is better, nanotechnology is redefining the meaning of slimming down. Today, all of our favorite songs fit on a business card-size machine instead of on hundreds of CDs. Loud, clunky medical equipment has been with sleek quiet machinery that produces results in seconds. And, scientists and engineers in various industries are working with the smallest particles to build some of the most complex structures. The term “nanotechnology” refers to materials and devices that function…
At most Indiana public firms, CEO pay hasn’t fallen with stock
Most public companies say they tie executive compensation to performance, but an IBJ review of pay data from 65 Indiana-based
firms shows otherwise. Last year, more than two-thirds of Indiana-based public companies saw their share prices decline, yet
many continued to award eye-popping compensation to their executives.
Butler’s pharmacy addition just what the doctor ordered: New $14M building will help college meet increasing demand for graduates
Mary Andritz, dean of Butler University’s College of Pharmacy and Health Sciences, bursts into laughter when asked how long her department’s been short on space. “I’ve only been here for two years, but I think it’s been for some considerable amount of time,” she guessed. “Probably for 10 years.” Lilly Endowment Inc., however, is filling the prescription in the form of a grant to fund a 40,000-square-foot addition under construction and scheduled to open by the fall 2009 semester. The…
SPORTS: I’m hanging onto my belief in honest outcomes
Other than the occasional NASCAR race and, notably, professional wrestling, I choose not to believe in orchestrated outcomes and conspiracy theories when it comes to sports. OK, I’m just kidding about NASCAR. Well, sort of. Anyway, I defended that belief even as I was being besieged by Pacers fans- back when the Pacers were the local team of choice and favor-who were convinced NBA Commissioner David Stern and his minions were preventing our small-market darlings from reaching the NBA Finals…
Local tree-care firms respond to rash of storms: Forestry specialists and arborists work 14-hour days to keep up with sky-high demand in central Indiana
If there’s a silver lining to high winds and torrential rain, it can be found in the bank accounts of companies called upon to clean up the mess. For the dozens of tree cutting, trimming and hauling firms that fill up seven pages in the local Yellow Pages, the storms of late spring came at just the right time. “We didn’t get one call for three weeks prior to the storms hitting,” said Russell Goodman, owner of locally based All…
DC: Awards matter
It’s the fourth day of the American Theatre Critics Association annual conference and my feet or sore, my eyes a little glazed over, and my excitement about theater and its potential increased.
Here are some notes:
* One of the factors credited…
Farm Bureau Insurance offering flood gift
Indiana Farm Bureau Insurance said today it plans pay its policyholders $125 in cash if their personal property was damaged by flooding earlier this month. The gifts are a goodwill gesture, said spokesman Rick Nelson. “Flood insurance is immaterial,” Nelson said. “If the have it, we’re going to give it to them. If they don’t […]
Hiring ground to halt in May
Indiana companies cut back hiring in May, but government added to its rosters – resulting in virtually no net gain in employment, according to new figures from the Indiana Department of Workforce Development. The 2.98 million jobs was a decline of 1,300 from April, and 1 percent below levels of a year earlier. The figures […]
Library puts off Ambassador decision
Indianapolis-Marion County Public Library board members couldn’t reach a consensus last night on who should get rights to develop two library-owned properties adjacent to its flagship downtown branch. The library’s Board of Trustees met for more than two hours to discuss plans to redevelop the vacant Ambassador apartment building and property the library owns at […]
UPDATE: New tourism chief known for energy
Seattle hospitality leaders say Indianapolis made a good choice in selecting current Seattle Convention and Visitors Bureau CEO Donald P. Welsh as its new tourism leader. “[Welsh] has been a driving force in getting the state to talk about tourism and engaging the governor and mayor,” said Anthony Anton, president of the Washington Restaurant Association. […]
Would-be Finish Line exec named Genesco CEO
The executive who would have become president of The Finish Line Inc. if the Indianapolis company had closed on its purchase of Genesco Inc. has been promoted to Genesco CEO. Robert J. Dennis, 54, will add the CEO title to his existing post of president of the Nashville, Tenn., retailer come Aug. 1. He replaces […]
IRL races into flood-plagued Iowa
Despite flooding which has ravaged the area, officials at the Iowa Speedway—30 miles east of Des Moines—expect the Indy Racing League race there to be sold out Sunday.
“Track officials are expecting another strong…
Star names McKee replacement
It’s not easy filling the shoes of a 26-year news veteran. But Kristen Leigh Porter is going to try. Officials for the Indianapolis Star recently announced that Porter has been named to replace…
Specialty Coating Systems changes hands again
Indianapolis-based Specialty Coating Systems Inc. has been acquired for an undisclosed price by Berwind Corp., a Philadelphia-based private investment manager. Specialty Coating was owned by Bunker Hill Capital LP of Boston, which had acquired it from Rhode Island-based Cookson Electronics in December 2005. Specialty Coating has nine facilities in the Americas, Europe and Asia that […]
The death of the CD
Reports of the death of the CD aren’t exagerated.
Wired magazine reports that Apple’s ITunes store has sold over five billion songs.
Meanwhile, Price WaterhouseCoopers LLC released a report that sales downloaded songs will surpass that of CDs by 2010.
In…
Indy developer gets green light in Shelbyville
Cedar Run Investments LLC, owned by Indianapolis developer Tim Shrout, has received the go-ahead from the Shelby County Plan Commission to build an industrial park in Shelbyville. The project will target suppliers to the Honda Manufacturing of Indiana plant in nearby Greensburg. The commission voted Wednesday to rezone 100 acres from agriculture to manufacturing, according […]
Auto parts maker closing Scottsburg factory
Freudenberg-NOK is shutting down a brake-parts plant it operates in the southern Indiana town of Scottsburg, throwing 135 out of work. The work will be moved to Queretaro in central Mexico to cut costs and follow auto-making customers that are adding locations in the area, according to WHAS-TV Channel 11 in Louisville. Headquartered in the […]
Hundreds in Fort Wayne take GM buyout
More than 460 workers at General Motors Corp.’s pickup truck assembly plant in Fort Wayne are taking early retirement or a buyout offer as part of the automaker’s most recent round of buyouts. The workers will leave GM on July 1, according to The Journal Gazette of Fort Wayne. The plant has 2,700 employees. Some […]
BREAKING: Steak n Shake dissident named chairman
A dissident investor who promised to overhaul the struggling Steak n Shake Co. now will get his chance as the company’s chairman. Steak n Shake said today that Sardar Biglari has been appointed chairman, replacing Interim Chairman Wayne L. Kelley. Biglari and his San Antonio-based Lion Fund have been agitating for tighter cost controls, improved […]