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Shares of Steel Dynamics Inc. are climbing higher, egged on this week by Morgan Stanley’s starting coverage and encouraging investors to buy. The Fort Wayne steel recycler, which operates a mill in Pittsboro, west of Indianapolis, picked up the buy rating as Morgan Stanley slapped a downgrade on a giant competitor, Charlotte, N.C.-based Nucor Corp. […]
Soaring gas prices, a tough job market and job cuts – plus high medical costs – are driving more middle-class people to food banks in Johnson County, reports The Daily Journal of Franklin. At least one food pantry has seen a doubling of those seeking the services for the first time, with 53 families – […]
Donnie Walsh has spent the last few days in Indianapolis cleaning out his Conseco Fieldhouse office and gathering his belongings to head back to New York where he will begin his post this…
What did you think of “Smart People,” Monday’s IBJ Night at the Movies sneak preview?
Comments most welcome below.
Whether you made it or not, act now to be a part of the next one. We’ll be hosting a screening of the…
A local developer hopes to add restaurants and retail space and possibly a hotel to Pan Am Plaza to capitalize on a growing convention center and the new Lucas Oil Stadium. Kite Realty Group Trust joined with Sacramento, Calif.-based Coastal Partners LLC to buy the plaza and two adjacent ice skating rinks from Indiana Sports […]
The NCAA and National Basketball Association announced today from the site of this year’s Final Four in San Antonio that they are going in business together.
As reported in the March 17 Indianapolis Business…
A local developer hopes to add restaurants and retail space and possibly more to Pan Am Plaza to capitalize on a growing convention center and the new Lucas Oil Stadium. Kite…
NASCAR rookie Michael McDowell owes Indy Racing League leaders—and especially Tony George—a measure of gratitude.
If not for research funded by the IRL and George, and led by the University of Nebraska, McDowell, 23,…
IBJ reporter Jennifer Whitson offers this interesting piece of news.
Look for an announcement, likely next week, from White River State Park about a new summer series featuring local performing arts groups with shows geared toward family audiences.
The free offerings will…
Pan American Plaza and two adjacent ice skating rinks have been sold by Indiana Sports Corp. to a joint venture of locally based Kite Realty Group Trust and Sacramento, Calif.-based Coastal Partners LLC. Terms were not disclosed. Sports Corp. President Susan Williams said the not-for-profit sold the property because its proximity to the soon-to-be-expanded Indiana […]
Evansville-based Old National Bancorp said this morning that it has fired a loan officer operating from an Indianapolis office after an internal investigation revealed that the banker falsified loan documents. Bank CEO Bob Jones said a routine internal review in the middle of the first quarter discovered a loan document that had been forged by […]
Genesco Inc. won’t be a major Finish Line Inc. stockholder for long. Tennessee-based Genesco received a 12-percent stake in Indianapolis-based Finish Line under a settlement the two companies negotiated last month. The pact canceled the agreement Finish Line struck in June 2007 to buy Genesco for $1.5 billion. Regulatory filings show the settlement requires that […]
The Indiana Repertory Theatre has won a $3-million grant from the Lilly Endowment to fund renovations of the Indiana Theatre building at 140 W. Washington St. IRT plans to…
Environmentalists are accusing the Indiana Department of Environmental Management of putting economic development above its core mission of protecting human health and the environment, reports the Post-Tribune of Merrillville. In particular, environmentalists say, the agency is playing soft with petroleum giant BP and steelmaker U.S. Steel. “They make it clear they see it as their […]
Did you get to the final performances of Roundabout Theatre’s outstanding “Twelve Angry Men?” Catch Michael Cavanaugh with the ISO? Patrick Ball (and harp) with Storytelling Arts?
Were you part of the mob at the Indianapolis Museum of Art’s Project Runway…
Executives at locally based Duke Realty Corp. fielded questions for years about what was taking so long with Anson, a $1.4 billion residential, retail and industrial development along Interstate 65 in Whitestown. Not anymore. A string of blockbuster new tenants including MedcoHealth Solutions Inc. and Amazon.comInc. have fired up interest in the 1,700-acre project, particularly its industrial component known as Allpoints at Anson. Together, the companies plan to invest more than $175 million-Medco is building an automated pharmacy and Amazon…
Helped by a combination of plant closures and better emission controls, industrial air pollution in the nine-county region
has fallen 14 percent since the economic boom of the late 1990s, a federal database shows. But even with the reductions, the
metro area will struggle to comply with reduced ground-level ozone limits announced by the U.S. Environmental Protection Agency
March 12.
Event-planning software developed by a local firm has been the backbone of volunteer efforts for the Men’s Final Four, the Indianapolis 500 Festival and the USA Track & Field Championships. Now it will add a Super Bowl to its resume. The Tampa Bay Super Bowl Host Committee, which is staging the 2009 NFL championship, will use Indianapolisbased Simply Hospitality’s TRS software to recruit and coordinate the 6,000 volunteers it expects to use for the big game. Officials looked at eight…
Berkshire Hathaway Inc. released Warren Buffett’s annual letter to shareholders recently. As always, Buffett provided a detailed update of the many businesses and investment positions the company owns. And Buffett added some entertaining commentary on a few topics that are relevant to investors. Under the heading “Fanciful Figures-How Public Companies Juice Earnings,” he comments on two corporate accounting problems: one finally solved, and one that continues to obscure earnings reports. The first accounting injustice was about to be corrected in…
I don’t recycle. There it is. I’ve said it-gotten it off my chest in hope that I might be able to go forward with the rest of my life knowing that my secret shame is now public knowledge. A little like the new governor of New York, I’ve cleansed my sins in a font of public awareness. (Or something like that.) The truth is, I’m not very “green.” I don’t return the milk bottles. I absolutely love paper towels. We…
