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Legislature set to give tax breaks to big events: NCAA asks for ‘super’ perk that NFL already requires

Lawmakers last year approved a bill that would have given the NFL a onetime tax break on spending and revenue tied to the 2011 Super Bowl, a moot point once team owners awarded the game to Dallas. Now, similar legislation has passed both chambers of the General Assembly-this time extending the exemption to the NCAA, which has committed to hosting its Final Four basketball championships in Indianapolis regularly through 2039. If signed into law, the measure would allow the NFL…

Knight’s ESPN deal draws reaction

Not surprisingly, not everyone is thrilled with former Indiana University and Texas Tech basketball coach Bob Knight joining ESPN’s in-studio crew for its NCAA March Madness coverage. Knight’s move to the media…

Penn Centre delayed but not dead

Construction won’t begin on the ambitious Penn Centre proposal for at least a few more months, but the project still is a go, said developer J. Greg Allen, who also…

Will Ferrell gives bounce to ABA

New Line Cinema today is releasing its latest feature film, giving a comedic glimpse of life in the American Basketball Association. Will Ferrell plays Jackie Moon, an ABA player-owner trying to break into…

Kid stuff the focus for new theater

In yesterday’s IBJ Daily A&E e-mail, I discussed the Children’s Theatre Institute at the Junior Achievement Center, which officially opens its doors tonight with a party and performance of “Treasure Island.” The company promises a full slate of kid-centric productions,…

“The Other Boleyn Girl”-your reviews

So what’s your verdict on Thursday evening’s IBJ Night at the Movies film “The Other Boleyn Girl”?  

(Sorry I couldn’t make it.)

Your thoughts?

Pacers deal with more bad press

A throng of media members besieged Indiana Pacers players and front office executives after the team’s practice today at Conseco Fieldhouse, seeking comment about the latest off-court incident involving a Pacers player. This…

In motorsports, does 1+1=3?

Does Gov. Mitch Daniels’ anointing of auto racing industry veteran Rollie Helmling as the state’s motorsports development director–or the unification of the Indy Racing League and Champ Car–create more motorsports business opportunities here? While state officials say yes, others in…

UPDATE: Lilly shares slip following Zyprexa news

Shares of Eli Lilly and Co. fell this morning after the company announced regulators had rejected its application for a long-acting, injectible version of its best-selling drug, Zyprexa. Lilly’s stock price fell roughly 2 percent, to $50.73. The U.S. Food and Drug Administration said in a “not approvable” letter that it needs more information on […]

Reviews, previews, blogs, etc.

While this blog has loads of readers (110,000 page visits in January.), I’ve found, anecdotally, that that number includes some who know little about IBJ’s other arts and entertainment coverage.

So I thought I’d take today’s posting and give you a…

Europe, Asia fuel Hurco profit

Profit at Hurco Cos. Inc. soared 45 percent in its first fiscal quarter on a surge in sales in Europe and Asia. The Indianapolis-based machine tool maker reported $7.8 million in profit in the quarter ended Jan. 31. About 10 percent of the $60.9 million in sales resulted from a weakened dollar. A cheaper dollar […]

FDA rebuffs long-acting Zyprexa

Eli Lilly and Co. has been rejected in its attempt to win approval for a long-acting, injectible version of its best-selling drug, Zyprexa. The U.S. Food and Drug Administration told the Indianapolis-based drugmaker in a “not approvable letter” that it needs more information on the medicine’s major side effect, excessive sleepiness, the Indianapolis drugmaker announced […]

Americans not inclined to spend rebate, poll shows

Only 18 percent of people polled in a survey by Bloomberg and the Los Angeles Times said they plan to spend the federal government’s rebate check when it comes. A third plan to save it and about another third said they’ll pay off debt with the money. Congress approved the rebate checks on the expectation […]

Delta Faucet cuts workers in Greensburg

Carmel-based Delta Faucet Co. cut 20 workers at its plant in Greensburg, reports the Greensburg Daily News. The number represents about 25 percent of the facility’s salary positions. The continued downturn in the housing market was blamed for the employee reduction. Delta Faucet employees told the newspaper that they were told an undetermined number of […]

Hummer plant dodging strike fallout-so far

The AM General Corp. plant in Mishawaka, which makes the Hummer H2 sport-utility vehicle, hasn’t been affected by the strike at American Axle & Manufacturing Holdings Inc., but could be if the strike lingers long enough, according to the South Bend Tribune. The Hummer plant is supplied by an American Axle site in nearby Three […]

Payton Wells auction set

An auction date has been set for three parcels near Meridian and 16th streets that housed the Payton Wells car dealership. The properties are 2.5 acres with a 50,000-square-foot…

Community to expand South hospital

Community Health Network plans to announce a $130 million expansion of its Community Hospital South on Thursday. The city’s third-largest hospital chain said the expanded hospital would help “meet demand of (the) growing south market,” according to a press statement. The hospital is located on the north side of County Line Road. Less than a […]

Daylight-saving time angst

The debate over daylight-saving time never seems to end.

University of California-Santa Barbara economists have studied Duke Energy Corp. electricity bills and found
that Indianaâ??s switch to daylight-saving time in 2006 cost Duke households $8.6 million extra. Duke operates
in the…