Old Builder’s Square finally leased
The empty big-box Builder’s Square near Lafayette Square Mall finally has a new tenant after sitting vacant more than 10 years. Garden Ridge, a Texas-based home-decor chain, plans to take the 110,000-square-foot…
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Study: Indiana college towns affordable
There’s at least one ranking related to college football where Indiana schools-and the towns that surround them-come out on top: Home affordability. A study by Coldwell Banker has found that Muncie, home of Ball State University, is the nation’s most affordable college town. The average price in Muncie for a four-bedroom, two-bath home with a […]
Arts leaders tout Peterson
The race between Indianapolis Mayor Bart Peterson and his Republican challenger, Greg Ballard, became interesting
in the final days, and not just because Ballard suddenly got traction in a widely publicized poll.
In the past few days, two prominent arts leaders…
Logistics company owner dies suddenly
David Kiebach, the co-founder and principle of MD Logistics in Plainfield, died of a heart attack yesterday prior to leaving for work. Kiebach, 47, started MD Logistics and MC Express in 1996. He launched a strategic partnership with SEKO Worldwide in 2002 and then MD Packaging Services a year later. MD Logistics ranked 8th among […]
Whirlpool loses discrimination appeal
The Indiana Court of Appeals has ruled against Whirlpool Corp., saying an employee at its Evansville plant was fired in retaliation for filing a racial-discrimination complaint, reports the Evansville Courier & Press. The ruling, which upholds earlier decisions by the Vanderburgh County-Evansville Human Relations Commission and Circuit Court Judge Carl Heldt, states Harriett Layne should […]
Long-time Muncie manufacturer sold for $185M
Maxon Corp., a Muncie company that makes burners, gas valves and other heating equipment used by industry, has signed a definitive agreement to be sold to Honeywell International for $185 million. In a statement, Maxon President Rich Clasby said he anticipates Honeywell’s presence in developing countries to accelerate Maxon growth that had shown increasing strength […]
A new ‘Landmark’ in Lockerbie
A local developer hopes to break ground next month on an $11.5-million condo project along East Street between Ohio and New York streets. Landmark of Lockerbie would feature 16 loft units,…
UPDATE: Haverstick headquarters staying put
The headquarters of Haverstick Consulting Inc., the Carmel-based defense-consulting firm acquired by Kratos Defense & Security Solutions Inc. of San Diego, will remain in Indianapolis, a company executive said this afternoon. Haverstick, headed by Conseco founder Steve Hilbert, announced earlier today that it had agreed to be acquired by Kratos for $90 million, including $69 […]
A dozen network doctors reject Anthem
American Health Network says its doctors in Kokomo, Russiaville and possibly other locations no longer will take new patients who are insured by Anthem Blue Cross and Blue Shield of Indiana. The announcement was issued yesterday, the physician network said, after Anthem refused to increase reimbursement rates even as the cost of providing care is […]
My, how Marion has changed
It wasnâ??t so long ago that Marion was the poster child for Rust Belt decline in Indiana. The city, which
is just off Interstate 69 between Indianapolis and Fort Wayne, lost a string of manufacturers and then finally
the big…
Lilly to launch new test of blood thinner
After reporting mixed results on a potentially lucrative blood thinner, Eli Lilly and Co. plans a new late-stage test of prasugrel for patients not receiving stents to open clogged heart arteries. Lilly and its development partner, Daiichi Sankyo Co. Ltd., plan to submit the drug for regulatory approval before the end of this year; the […]
Haverstick to be acquired for $90M
Haverstick Consulting Inc., the Carmel defense-consulting firm, is being acquired by Kratos Defense & Security Solutions Inc. of San Diego, Calif., for $90 million. Of the $90 million, $69 million is cash and $21 million is Kratos stock. Kratos’ announcement late this morning did not discuss the future of Haverstick’s employees. Financial backers of Haverstick […]
Emmis magazine retracts glowing Vick article
Atlanta Magazine, which is owned by Indianapolis-based Emmis Communications Corp., has published an unusual retraction to a fawning profile of disgraced Falcons quarterback Michael Vick it published four years ago. The magazine reprinted the article but with observations in red handwriting, portions marked out and other changes. A section of one sentence, “You know about […]
Survey: Indy residents feel less safe downtown
Fewer people feel safe downtown, particularly after dark, the latest annual survey from the IUPUI Department of Tourism, Conventions and Event Management shows. Seventy-five percent feel safe downtown compared to 83 percent two years earlier, the survey found. After dark, only 34 percent feel safe; that figure declined from 44 percent in the 2005 survey. […]
Bank of America keeps local LaSalle chief
LaSalle Bank’s purchaser is keeping on Keith Slifer, head of LaSalle’s commercial lending services in Indianapolis, and giving him additional responsibilities. Charlotte, N.C.-based Bank of America Corp., which bought LaSalle Oct. 1, has put Slifer in charge of its commercial banking operations in Indiana and Ohio. He will remain in Indianapolis and oversee the converted […]
Five years after merger, agency out of the woods: Big Brothers Big Sisters moving in the right direction
Big Brothers of Indianapolis and Big Sisters of Central Indiana merged five years ago in hopes of mentoring more at-risk children, but turnover at the top of the organization has made it hard to get the ball rolling. The combined agency has had three leaders since the 2002 merger; revenue, which peaked at $2.3 million in 2003, has been up and down; and one-on-one mentor matches-its core activity-also declined. Despite the challenges, Big Brothers Big Sisters of Central Indiana finally…
Now solo, VP set to expand
Convenience store stalwart Village Pantry has launched a $15 million plan to renovate 146 stores and is eyeing acquisitions
that could double the chain’s size in three years. The moves come as Village Pantry separates from parent Marsh Supermarkets
Inc., a company that for years treated the convenience-store division as a redheaded stepchild.
EYE ON THE PIE: Many are fans of ‘the man’s’ plan
This is why I like Mitch Daniels. Speaking about his property-tax program, he said, “When Indiana acts this time, and act we must, our steps must be fair, far-reaching and final,” Look at that alliteration … “fair, far-reaching and final.” Who else in public life gives us sentences like that? Look at his idealism: “fair, far-reaching and final.” Our state is known for its persistent lack of fairness, its shortsighted special-interest legislation, and its neverending tinkering. Mitch thinks he can…
Medical-device startup lands venture capital: Symbios bringing orphan Biomet technology to market
When large companies make innovations that don’t fit their business plan, the discovery often ends up gathering dust on a shelf. But entrepreneurs are eager to build new companies around these orphaned technologies. Four years ago, Jeffrey Alholm spotted just such an opportunity. Warsaw-based Biomet Inc. had tabled a promising anesthetic-dispensing device. So Alholm formed Symbios Medical Products LLC and cut a deal to secure its rights. Now, Symbios has a chance to commercialize the device widely, thanks to a…
SURF THIS: Our changing expectation of experts
It seems like everyone is an expert at something. We have automobile experts, stock market experts, antique experts… my company even has a client who’s a sheep and goat expert. In an I n t e r n e t – c e n t r i c world, though, these experts can find themselves in a tough place. Online, information is clamoring to be free (or pretty cheap) and readily available. It’s no longer enough to declare yourself an…