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Your favorite Indy building?

November 28, 2007

Several downtown projects, including Lucas Oil Stadium and the JW Marriott, will add new dimensions to a skyline that hasn’t changed much in the last dozen years. What is your favorite building…

Cheap dollar lures German firm to New Castle

November 28, 2007

A German company that makes pipes, containers and other plastic parts for the auto, heating and medical industries is opening a plant in New Castle because the weak value of the American dollar lowers the cost of the investment. Founder Claus Koetke told The Star-Press of Muncie that he located the facility in the eastern […]

Hilbert: I’m not buying back my house

November 27, 2007

Former Conseco Inc. CEO Steve Hilbert says he isn’t the as-yet-unidentified individual who has reached an agreement to buy the Carmel mansion that he built in the 1990s. “We are not involved whatsoever in the purchase,” Hilbert told IBJ. “I have people on the street every day say, ‘Hey, are you going to buy that […]

OneAmerica signs deal with Japanese insurer

November 27, 2007

OneAmerica Financial Partners Inc. says it has reached an agreement to provide administration and marketing for a big Japanese insurer that’s entering the medical stop-loss market in the U.S. Locally based OneAmerica’s agreement with a subsidiary of Nippon Life Insurance Co. takes effect Jan. 1. Medical stop-loss insurance limits losses on self-funded insurance plans. A […]

Genesco shares slide after subpoena notice

November 27, 2007

Stock in Tennessee-based Genesco Inc. is down nearly 11 percent today after the mall retailer revealed late yesterday that federal prosecutors had issued it a subpoena. The shares rallied briefly early this morning, and then fell $3.27, to $26.90. The move by the U.S. Attorney’s Office for the Southern District of New York suggests the […]

Greenwood man gets jail term for embezzlement

November 27, 2007

William Crouse Jr., 39, of Greenwood, has been sentenced to 57 months in jail after he pleaded guilty to embezzling health care premiums and laundering money through his company, TRG Marketing. The company sold health care coverage through TRG Health Plan. Crouse embezzled more than $1 million of premiums, using about half of it to […]

Sliding RV sales could presage recession

November 27, 2007

Shipments of recreational vehicles are on track this year to fall for the first time since 2001, when the last recession ended, and the downturn is prompting experts to wonder if another recession could be on the way, according to Bloomberg. Recessions in the early 1980s, early 1990s and 2001 each were preceded by two […]

Lawrence could gain from Kansas defense cuts

November 27, 2007

The Defense Finance and Accounting Service in Lawrence is expected to gain some of the more than 600 jobs scheduled to be eliminated from a similar base in Kansas City, Mo., when it closes in August 2008, according to the Kansas City Star. The Kansas City base, which provides accounting for all military branches, is […]

Orthopedic maker adding site in Plymouth

November 27, 2007

Cspine Inc., a startup orthopedic and dental device maker based in Plymouth, plans to launch research and development and prototype manufacturing operations in the northern Indiana town, the Indiana Economic Development Corp. said today. The move is expected to create as many as 49 jobs over the next five years. Cspine will spend about $3 […]

Northwest intermodal project derailed

November 27, 2007

A second railroad has said it isn’t interested in building an intermodal facility in LaPorte County in northwestern Indiana. The Canadian National Railway expressed its lack of interest this week, according to the Post-Tribune of Merrillville. Last week, CSX Corp. announced it would build an intermodal site in northwestern Ohio and would not pursue one […]

Feds subpoena Genesco records

November 26, 2007

Federal prosecutors have issued a subpoena to Genesco Inc., a move that suggests they’ve launched an investigation into allegations that the Tennessee company hid financial problems before agreeing in June to be acquired by The Finish Line Inc. for $1.5 billion. Genesco revealed late Monday afternoon that it had received the subpoena from the U.S. […]

Lottery vs. local ad firms

November 26, 2007

The Hoosier Lottery has rejected all bids for the creative part of its advertising account. Most of the
bidders were local, and the agencies involved are miffed that they were passed over.

In this weekendâ??s IBJ, reporter Anthony Schoettle…

Notre Dame included in usury lawsuit

November 26, 2007

A Boston-area developer has sued the University of Notre Dame and several other universities and foundations, claiming they violated a Massachusetts law that forbids charging interest rates greater than 20 percent. Notre Dame – along with Harvard, Yale and Princeton universities, among others – invested in Realty Financial Partners, an entity that made $16.7 million […]

Your vision for Lucasville?

November 26, 2007

The host of Property Lines, Cory Schouten, is on vacation this week. Meanwhile, the blog will feature discussion questions about Indianapolis real estate. Today’s topic is the area surrounding Lucas Oil…

Hilbert mansion sale pending; buyer a mystery

November 26, 2007

An individual who does not yet want to be identified has reached an agreement to buy the Carmel mansion that once belonged to Conseco Inc. co-founder Steve Hilbert. This morning Judy Koehler, managing broker for Carpenter Realtors’ Fishers office, confirmed to IBJ that Carpenter Sales Associate Linda Genrich is representing the buyer in the transaction. […]

WXIN to simulcast morning news on WTTV

November 26, 2007

Starting Jan. 2, the morning newscast on WXIN-TV Channel 59 will be simulcast on its sister station, WTTV-TV Channel 4. While other central Indiana affiliates offer a blended local and national morning newscast, WXIN is the only station to offer an all-local weekday news show. The local “Fox 59 Morning News” airs from 6 a.m. […]

Is Jones a political football?

November 26, 2007

Carmel tech entrepreneur Scott Jones is finding himself in the middle of a political debate he didnâ??t ask
for and doesnâ??t want.

The spokeswoman for the Indiana Democratic Party is questioning whether Jones needed the $4 million in grants
that two…

Warming to produce mixed bag, prof predicts

November 26, 2007

Global warming will make winters in northwest Indiana feel like those in southern Ohio by 2030, with implications for business, a University of Illinois professor says. Quoted in the Times of Munster, Don Wuebbles said soybeans and wheat could be helped by the longer growing season, but that extremes in rain and drought could hurt […]

High-speed rail still on slow track in state: Economic study, innovative financing explored

November 26, 2007

The effort to put high-speed trains into service in Indiana and eight other Midwestern states sometimes seems as fanciful as the first manned flight to Mars. There have been years of talk and countless meetings. And it will be many more years before a vehicle is fueled-and-ready, if ever. In the 13 years since the Indiana High Speed Rail Association was formed in Highland, the closest thing to high-speed rail Hoosiers have seen is an occasional speedy European locomotive brought…

VOICES FROM THE INDUSTRY: Be vigilant of cyber risks to protect your company

November 26, 2007

Remember when securing an enterprise meant investing in an alarm system to protect your inventory and a fireproof cabinet to keep your documents safe? In today’s expanding cyber world, threats to security extend far beyond walls and paper trails. With facilities, employees and customers all over the world, companies offer unprecedented access-but behind that convenience lurks vulnerability. Unless, of course, the corporation has truly managed to secure the confidential information stored online and throughout file-sharing networks. Unfortunately a lot of…

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What if you just gave cash to needy? Program explores guaranteed income

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Mickey Shuey

Q&A: Carmel entrepreneur pursues reset of competitive cheer industry

Mickey Shuey
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