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Compendium Blogwareâ??s announcement today that it raised $1.6 million in private funding is another brick in
the wall as the Indianapolis area and the state continue their push to build a culture of entrepreneurship.
Investors are showing more interest…
Eight months after Steel Dynamics Inc. acquired the scrap steel recycler OmniSource Corp., six OmniSource executives have resigned. Three of the six were members of the Rifkin family, which sold OmniSource to Steel Dynamics for $1.1 billion, according to The Journal Gazette of Fort Wayne. Fast-growing Steel Dynamics and OmniSource both are in Fort Wayne. […]
Startup software developer Compendium Blogware said today it has raised $1.6 million in private funding. The downtown company’s third round of funding, which targeted $1.5 million, closed in just three weeks. The latest round included eight new investors, bringing the total to 40. Compendium’s software is aimed at simplifying blogging for companies and organizations. Added […]
Lebanon‘s city council has voted to bring more than six square miles along Interstate 65 into the city and zone the land for single-family housing. The 3,675 acres extends half a mile on each side of the interstate, and as far south as State Road 267, according to The Lebanon Reporter. The council could make […]
A prominent Evansville hotel owner cannot collect damages from the state because the state built a median in a road that makes it more difficult for patrons to reach the hotel, the Indiana Court of Appeals said in a unanimous ruling handed down today. John M. Dunn previously had been awarded $4.7 million in damages […]
Houston-based Stewart Title Services Corp. is closing five Indianapolis-area offices and consolidating the work at 20 E. 91st St. Stewart will lay off 15 employees, leaving the office with a total of 19 after the downsizing takes effect July 1, said State Manager Tom Fickle. “It’s just not profitable to keep that many offices open […]
Indy Racing League and one of its partners are offering a bounty to help corral scofflaws who stole several priceless items that series drivers want back.
Sinden Racing Service, the locally based company that manages the IRL’s Indy Fan Zone, is…
The Steak n Shake Co. has rolled back a roadblock originally designed to stop an activist investor from taking control of the struggling chain. The company’s board has agreed to reduce the percentage of Steak n Shake shares needed to call a special meeting from 80 percent to 25 percent. The board had raised the […]
Locally based Brightpoint Inc. today said that it has reached an agreement with New Jersey-based Verizon Wireless to distribute wireless devices to the carrier’s authorized agents and national retailers. Brightpoint spokesman Anurag Gupta called the pact “a significant deal for us.” Verizon is one of the nation’s largest wireless networks.
The developers of an 8-story condo building southeast of College Avenue and North Street have taken a…
Thereâ??s nothing like travel to change oneâ??s perspective on the world.
Graham Toft, perhaps the stateâ??s most experienced economic development expert, has traveled a lot in the past
couple of years, consulting to state governments worried about rebounding from their doldrums.
The…
I’ve got a pretty broad definition of art. And a pretty broad definition of art films.
But “Get Smart”? “You Don’t Mess with the Zohan”? “Indiana Jones”? “The Happening”? “Sex in the City”?
Such is the lineup at Landmark’s Keystone Art…
Intense bidding yesterday from parties in Asia, the Middle East, Europe and the United States pushed the auction price of a Claude Monet painting owned by Columbus industrialist J. Irwin Miller and his wife, Xenia, to $80.45 million. A spokesman for Christie’s Auction House said the “Le Basin aux Nympheas” nearly broke a record for […]
The June 22 Indy Racing League race at Iowa earned a 1.2 overnight TV rating, according to New York-based Nielsen Media Co., meaning about 1.2 million households nationwide tuned in to watch the…
Miller Pipeline Corp., the pipeline contractor owned by Evansville-based Vectren Corp., has acquired a small pipeline contractor in Greenville, S.C., for an undisclosed price, Miller said yesterday. The South Carolina firm, E&M Pipeline, has 35 workers. E&M pushes Indianapolis-based Miller into its 22nd state. Most of Miller’s work is in Indiana and Ohio. The acquisition […]
Bankrupt ATA Airlines aims to land court approval Friday to conduct a massive auction of assets next month in Indianapolis and Chicago. “This will be one of the biggest auction events in Indy this year,” states the Web site of Key Auctioneers. ATA wants the Avon firm to conduct the auction July 22 at ATA’s […]
Investors in Eli Lilly and Co. showed displeasure this morning in the decision announced late yesterday that the U.S. Food and Drug Administration will extend its review of Lilly’s prasugrel drug by three months. Shares in the Indianapolis pharmaceutical company fell 2 percent, to $46.63 – a 52-week low. The FDA’s decision on the highly […]
“Sometimes I worry that culture is like vegetables and that I’d be better off eating that which is locally grown,” writes novelists Ann Patchett in today’s Wall Street Journal.
The piece isn’t a celebration of local arts. Rather, it’s a tribute to the…
A Purdue University civil engineering professor made news this week by rolling out a study showing the new
70 mph speed limit on rural interstates in Indiana caused virtually no increase in fatalities or injuries.
The study was prompted by the…
It’s still no Silicon Valley, but Indianapolis’ high-tech economy enjoyed a modest expansion last year, according to the latest annual Cybercities report issued by the American Electronics Association. The good news is that high tech employment grew in Indianapolis and surrounding counties last year, albeit by only 2 percent. The growth gave the region a […]
