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Dear Win: I’m writing to say thank you. I’m not sure I’ve ever adequately done that. I’m not sure I ever can. I’m also not sure I ever quite grasped the gamble you took on me when I was a not-even-graduated college senior 28 years ago-not until the resumes and referral requests started filling my inbox and the risks of hiring rookies sank in. But this isn’t just between you and me. I hope this letter will prompt others to…
Last month, the front page of The Wall Street Journal featured 25-yearold Saeed Khouri, who paid at auction the equivalent of $14 million of our increasingly worthless American dollars for a license plate bearing “1.” His cousin, Talal Khouri, threw in $9 million in pocket change for tag “5” to tool around Abu Dhabi in his Rolls Royce. Get this, the Khouris declined to be interviewed because they didn’t want to be the center of attention. I am not particularly…
Each year, the 30,000 people who ride the Fishers fair train disembark at a depot east of Fall Creek and shuffle 228 feet across the historic 39th Street bridge, which leads to Gate 6 of the Indiana State Fairgrounds. Few likely give much thought to the crumbling condition of the bridge, other than noticing that a large block of stone railing has broken off at the west end. But, below, stones also have fallen off the sides of an arch…
The Indianapolis Colts will score almost $18 million annually through their new stadium’s title sponsorship and deals with 14 founding sponsors, each of which has its own themed area of the stadium’s interior. Including sponsor agreements for two massive video boards at each end of the stadium, a narrower video board circling the upper reaches of the lower bowl, and other in-stadium deals, the Colts should bring in $20 million, 30 percent more than in the RCA Dome, according to…
When it came to timing its initial public offering, ExactTarget Inc. didn’t exactly hit a bull’s-eye. The Indianapolis-based maker of e-mail marketing software filed to go public in mid-December, well into the market swoon that began before Halloween. Since then, the market’s only gotten spookier. The S&P 500 has shed another 13 percent, leaving the bellwether index 18 percent off its October high. Not surprisingly, ExactTarget is stuck at the starting gate. It hasn’t moved forward with launching its $86…
Interactive Intelligence Inc. is enduring a serious stock slump. Its battered shares are trading around $10, about $20
off their 52-week peak. Yet CEO Don Brown remains so bullish on the software maker that he’s authorized a $10 million stock
buyback.
Alternative-energy giant Horizon Wind Energy is opening an Indianapolis office focused on developing up to four new wind
farms in Indiana at a cost of more than $2 billion. The Houston-based company is renovating space on the
top floor of the 12-story J.F. Wild Building at 129 E. Market St., where it plans to manage development
of new wind farms in Indiana and Ohio.
American Sentry Guard, a Greenwood company named to last year’s Inc. 500 list of fastest-growing private companies, has closed. Officials with the maker of high-tech surveillance systems could not be reached for comment, and doors at its offices in a former Stokely Van Camp tomato cannery were locked yesterday. A representative of property owner Revel […]
Trelleborg Automotive, an auto parts maker headquartered in Sweden, plans to close its 200-worker plant in the north-central Indiana city of Peru at the end of the year. The plant makes rubber parts. Trelleborg blamed rising costs, a downturn in the auto market and “overall medium-term prospects” for the North American market.
A couple of restaurant updates today:
Workers are adding a wraparound balcony to Zing, a new small-plate restaurant in the old Payton’s Place at 543 Indiana Ave. Restaurateurs…
Baldwin & Lyons Inc., an Indianapolis property and casualty insurer specializing in trucking firms, said yesterday that Otto N. Frenzel III, 77, has retired as a director. Frenzel, a former chairman of National City Bank of Indiana and Merchants National Corp., held the post since 1979. He has been replaced at Baldwin by his son, […]
Kite Realty Group Trust late yesterday reported $11.6 million in funds from operations in the second quarter, down slightly from a year earlier. The Indianapolis-based real estate investment trust, which focuses on neighborhood shopping centers, scaled back guidance for its funds from operations for the year, citing higher interest rates and sluggish market conditions. Stifel […]
Sardar Biglari, the rebel Steak n Shake Co. shareholder who in June persuaded fellow directors to name him chairman, now is taking on the additional post of CEO. He replaces interim CEO Wayne Kelley, who will retain his board seat, the company announced late yesterday. Kelley was named to the interim post in March, replacing […]
Developers White Lodging and REI Investments have made some changes to their plans for a Courtyard by Marriott and a SpringHill Suites next door to the JW Marriott convention hotel, at the request of city planners. Among the changes: signs…
Earlier today, City County Councillor Christine Scales e-mailed me regarding the city arts budget and the rumored threats against it. I’m reprinting the letter here (and posting it with the earlier blog) with her permission. Your thoughts are, of…
Goshen-based Keystone RV Co., which makes recreational vehicles under 20 brand names, has laid off 290 workers across 15 plants in its home base of Elkhart County, according to The Truth of Elkhart. The company will be left with 2,600 employees after the layoffs. Keystone CEO Ron Frenech said the industry hasn’t seen such difficult […]
Nestle has gotten the green light from the city of Anderson to build a 50-foot-tall rabbit near the companyâ??s
new Nesquik plant along I-69.
The steel and fiberglass rabbit will look like the smiling cartoon logo thatâ??s been on…
Haynes International Inc., a Kokomo company that makes specialized alloy parts used in corrosive and high-temperature conditions, saw its stock price explode this morning after it reported a jump in profit late yesterday and an analyst upgraded his recommendation. The shares traded up 25 percent, to $54.25 each. Haynes said profit in its third fiscal […]
Schwab Corp., a Lafayette company founded shortly after the Civil War, has been acquired by another manufacturer of safes, Rochester, N.Y.-based SentrySafe, for an undisclosed price. Schwab employs 105, including 80 at its manufacturing plant in Cannelton. In addition to safes, the company makes files, cabinets and vault doors. SentrySafe makes residential and small office […]
Clarcor Air Filtration Products announced this morning that it will bring 425 jobs to Jeffersonville by relocating its Louisville headquarters and consolidating its Midwest manufacturing operations there. Jeffersonville is across the Ohio River from Louisville. The company, which manufactures filters under the brands Purolator, Air Technologies, Airguard Industries and ATI, will invest $8.5 million to […]
