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Options sparse for Finish Line as dubious deal nears close:

Finish Line Inc. officials are mum these days, but you can be sure they’re exploring every option they can imagine to avoid closing on the acquisition of Tennessee-based Genesco Inc., at least at the $1.5 billion price they’d agreed to pay. Trouble is, they may not have an out, said John Shanley, an analyst with Susquehanna International Group LLP in New York City. “As far as we can determine, the deal they signed with Genesco is pretty ironclad,” Shanley said….

Heart or head?: Intellect, emotions play role in most biz-location decisions

Ithe process of f n theory, retail, office or industrial location as should putting be as rational and unemotional reality, emotions together a spreadsheet. But in as hard data. can carry just as much weight “People use very sophisticated uildings processes , but in and evaluations to compare b ,” s as much of an art as a science the end, it’ . Smith, CEO eteran Samuel F said industry v Commercial of Indianapolis-based Resource aspect of it Real Estate…

RETURN ON TECHNOLOGY: Web puts employers on display as much as job candidates

Job searches nowadays aren’t what they used to be, on both sides of the hunt. Looking for a job is a global endeavor now. And looking for employees produces more candidates, but is more complicated. As with so many other business matters, the Web has changed everything. At first glance, it would seem the old want ads page just moved into databases. Monster (www.monster.com) was one of the first companies to offer cyberlistings. The employer pays for the listing. The…

MCL spending $1M to freshen its image

After 12 months of market research, MCL cafeterias discovered younger folks and families aren’t familiar with the taste of
the Mayfield’s Value Plate or the Noon Special. So the company has launched a $1 million campaign to reposition its brand.

Township wrestles with incorporation: As Greenwood, Bargersville annex commercial corridors, rest of township declines

White River Township in northwest Johnson County is dotted with an increasing number of high-priced homes and anchored by one of the area’s strongest school districts. But the area, known as Center Grove, also is marked by crumbling roads, poor drainage and an anemic parks system. To preserve its strengths and shore up its growing weaknesses, some in the area think White River Township needs to incorporate into its own city. The township of more than 40,000 residents faces the…

ExactTarget accurately predicts its fast growth

ExactTarget Inc.’s 2005 announcement that it would be moving into 30,000 square feet on Monument Circle and hiring 100 people over seven years seemed ambitious. Indianapolis was littered with the ashes of once-high-flying technology startups that had flamed out. But ExactTarget is fast becoming one of the city’s biggest technology success stories.

A&E: Diva delivers at ISO opening gala

They ran out of food early in the pre-concert reception. They ran out of programs in the theater. But once the Indianapolis Symphony Orchestra’s Opening Night Gala concert started, there was no shortage of powerful music. Indianapolis’s own Angela Brown headlined the sold-out event Sept. 9. After she played the lead in Verdi’s “Aida” at the Metropolitan Opera to rave reviews you wouldn’t think she’d have trouble with “Ritorna vincitor,” and she didn’t. Brown proved herself adept at not only…

PROFILE: Lumasis.com: Finding its niche Focus on small business pays off for Web design firm

Lumasis.comFinding its niche Focus on small business pays off for Web design firm When Zionsville native Jamie Brown graduated from Purdue in 1995, most consumers were still in the dark about the possibilities the Internet could offer. Having been immersed in the Web while studying electrical engineering technology at Purdue, Brown linked up with a local Internet provider and started his first company, Computer Specialists. In 1997, the business morphed into Lumasis, a full-service Web site design and hosting company…

EYE ON THE PIE: Time to make government accountable

The biggest change the Kernan-Shepard commission could recommend for improving local government would be to focus responsibility. Some folks want to consolidate government horizontally; that means combining units of the same type. It might take the form of consolidating school corporations or bringing the number of library districts down from 238 to some smaller number. (It could mean reducing the number of counties from 92 to a more realistic number, but I should not try to make you laugh.) Many…

BREAKING: Finish Line bankers threaten to back out

Finish Line Inc. disclosed this afternoon that its bankers are considering withdrawing the financing that the Indianapolis company needs to complete its $1.5 billion cash purchase of Tennessee-based Genesco Inc. If New York-based UBS Securities LLC is able to back out of a “commitment letter” it signed in June, that may provide financial relief to […]

An English Avenue opportunity?

A not-for-profit neighborhood revitalization group has slashed the prices on three remodeled live/work buildings at English and State avenues. The brick buildings near Fountain Square have undergone various levels of renovation by…

Elkhart Investor Pushes Emmis Liquidation

Elkhart money manager Frank Martin said in a regulatory filing this morning that he conducted a video teleconference with Emmis Communications Corp. directors this week to express his deep dissatisfaction with the company’s performance. Martin, whose firm own 9.7 percent of Emmis stock, said in the filing that the company should seriously consider selling its […]

Emmis Dismisses Claims In Radio Lawsuit

Locally-based Emmis Communications Corp. claims a lawsuit filed against the company by Talk Radio Network morning host Erich “Mancow” Muller, a former Emmis personality, is “without merit.” “The suit and the allegations it contains aren’t worth dignifying with a response,” Emmis Radio President Rick Cummings said in a written statement. “Emmis doesn’t have the ability […]

Former Rolls Royce Exec Lands Samsung Pact

An Anderson company controlled by retired Rolls Royce executive Mike Hudson has signed an engineering, manufacturing and distribution agreement with a global powerhouse, Seoul, Korea-based Samsung Techwin Co. Ltd. IPower Energy Systems, which makes energy-efficient and environmentally friendly generators, gets exclusive Samsung distribution rights in markets including China, Korea, Vietnam, India, Australia, Russia, Ukraine and […]

FDA Approves Lilly’s Evista For Breast Cancer

Eli Lilly and Co.’s osteoporosis drug Evista has been approved to reduce risk of invasive breast cancer in postmenopausal women with osteoporosis and postmenopausal women at high risk for invasive breast cancer, the Indianapolis drugmaker announced today. The U.S. Food and Drug Administration move came after an FDA advisory panel in late July recommended the […]

East Chicago Casino Sold To Ameristar

The Indiana Gaming Commission has approved the purchase of Resorts East Chicago by Las Vegas-based Ameristar Casinos Inc. Ameristar is buying a subsidiary of Las Vegas-based Resorts International Holdings LLC that owns and operates Resorts East Chicago for $675 million.

Hendry Replacement Likely To Be Local

The person who replaces Gordon Hendry at the helm of Indy Partnership likely will be from the Indianapolis area, said Mark Miles, who is president of the economic development marketing group’s oversight organization, Central Indiana Corporate Partnership. Without divulging names, Miles said he has three or four possibilities in mind: “We will have superb choices […]

Integra Bank to Buy Cincinnati Bank

Evansville-based Integra Bank Corp. said today it has agreed to acquire Cincinnati-based Peoples Community Bancorp Inc. in a deal valued at $85.6 million. The cash and stock deal, approved by both companies’ boards of directors, helps boost Integra’s Cincinnati presence. Peoples Community Bank has 19 locations in southwestern Ohio and southeastern Indiana. Integra has 80 […]

Clarian Scales Back Employee Health Demands

Instead of charging its employees for failing to quit smoking, lose weight or improve other health factors, Clarian Health Partners now will give them incentives to change bad health habits. Beginning next year, Clarian had planned to charge employees $5 per paycheck-or $130 a year-if they smoked cigarettes and weren’t trying to quit. The hospital […]

Local House Sales Tumble In August

Pended home sales in the Indianapolis area fell 14.2 percent in August compared to a year earlier, according to residential real estate brokerage F.C. Tucker Co. The nine-county region generated 2,419 pending sales of single-family homes and condominiums. Such sales are signed but not closed. Tucker, which receives the information from the Metropolitan Indianapolis Board […]