Arcadia hopes health care reform means more revenue
The CEO of Indianapolis-based Arcadia Resources said the environment is perfect for his company’s fast-growing DailyMed
service.
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Lawmakers cut state tourism office’s budget in half
Destinations throughout Indiana no longer can count on a state marketing campaign to help drive summer crowds. Lawmakers who
passed a budget during the special session at the end of June sliced the state’s annual contribution
to the Indiana Office of Tourism Management in half—from $4.8 million to $2.4 million.Grain Dealers Mutual merges with Florida firm
Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will
become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning.Grain Dealers Mutual merges with Florida firm-WEB ONLY
Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning. Financial terms of the transaction were not disclosed. The agreement has been approved by directors of both firms and is awaiting approval from the […]
FDIC expense trims German American’s profit-WEB ONLY
Jasper-based German American Bancorp this morning reported second quarter profit of $2.8 million on $19.7 million in revenue. That compares to a profit of $3.1 million on $21.3 million in revenue during the same period a year ago. German American Bancorp CEO Mark Schroeder attributed most of the decline in profit to increased deposit insurance […]
Allstate ends Brickyard 400 sponsorship
Allstate Corp. is ending its five-year run as the lead sponsor of the Allstate 400 at the Brickyard NASCAR race in Indianapolis,
company officials said today. The announcement comes after this year’s race at Indianapolis Motor Speedway
suffered a 20-percent attendance drop from last year’s event.Allstate ends Brickyard 400 sponsorship-WEB ONLY
Allstate Corp. is ending its five-year run as the lead sponsor of the Allstate 400 at the Brickyard NASCAR race in Indianapolis, company officials announced today. The announcement comes one day after this year’s race at Indianapolis Motor Speedway suffered a 20-percent attendance drop from last year’s event. Allstate spokesman Raleigh Floyd told the Associated […]
Allstate ends Brickyard 400 deal
Officials for Allstate today announced they are ending their sponsorship of the Brickyard 400 NASCAR race after five years.
The timing comes after a 20 percent attendance drop from last year, though Allstate officials…
Poll says Colts are the local fan favorite
A newly released 2008 poll shows the Indianapolis Colts thumping the Indiana Pacers in fan support, which isn’t a
surprise given the recent fortunes of the teams. But some observers say the numbers are more a reflection of the popularity
of the National Football League and the Colts’ Peyton Manning than an indictment of the Pacers.Clients flee advisory firm for not-for-profits
WorkPoint, an Indianapolis firm entrusted to handle finances for not-for-profits, has lost several clients in the past 12
months, and all for the same reason—missing money.LOU’S VIEWS: Thrill parks offer rides of our lives
This week, three of my fellow IBJ scribes join me in picking our favorite area amusement park rides
Advertising veterans launch new agency
Three Indianapolis advertising and marketing veterans have launched a new full-service agency. While the timing might not
be great—with the swooning economy—Dave Lesh, Bruce Dean and Bill Hendrickson think they have the experience to
forge a solid business.Lauth insiders offer to put up $15M-WEB ONLY
Several principals of Indianapolis-based Lauth Group Inc. and their spouses have offered to provide $15 million in financing to Lauth subsidiaries in bankruptcy. The insiders say in court filings that they are offering the proposal because Lauth Investment Properties LLC doesn’t have enough hard assets to serve as a “borrowing base” for a more traditional […]
U.S. new jobless claims rise by 554,000-WEB ONLY
The number of newly laid-off workers seeking jobless benefits rose nationally last week, though the government said its report again was distorted by the timing of auto-plant shutdowns. Unemployment insurance claims have declined steadily since the spring, but most private economists and the Federal Reserve expect jobs to remain scarce and the unemployment rate to […]
Lender accuses Lauth Group of fraud-WEB ONLY
The largest outside investor in Indianapolis-based real estate firm Lauth Group Inc. has accused company principals of fraud, conspiracy and racketeering in a lawsuit filed this week in U.S. District Court. The suit, filed by a subsidiary of Chicago-based Inland American Real Estate Trust, points to “a disturbing pattern of fraudulent misrepresentations” by Robert L. […]
Seniors are nation’s fastest-growing group of entrepreneurs
For four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout,
for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby considers himself too energetic for retirement. He’s
now 67 years old. And a first-time entrepreneur.Speedway president Chitwood resigns-WEB ONLY
The president of the Indianapolis Motor Speedway announced today that he will step down after this weekend’s Allstate 400 at the Brickyard, the second top administrator to depart the speedway in a month. Joie Chitwood, a longtime Speedway official, became president and chief operating officer of IMS in December 2004. He said he is resigning […]
Suit accuses NBA owner Cuban of diverting profits-WEB ONLY
A lawsuit accuses Dallas Mavericks owner Mark Cuban of wrongfully diverting millions of dollars from the NBA franchise’s home arena to make up for shortfalls incurred by the team. Hillwood Center Partners filed the lawsuit last week in state district court in Dallas. The company is controlled by the team’s former owner, Ross Perot Jr. […]
STYLE: New retailers add dimension to canal-side shopping
Along with the debut of this new column, focusing on style in Indy and beyond, comes a Broad Ripple shopping
shuffle, where the reorganization of two mainstays has given way to new life along the canal.House bill aims to restore GM, Chrysler dealers
Palmer Chrysler Jeep Dodge on the west side closed last month as part of Chrysler LLC’s bankruptcy reorganization. But
the dealership would sell the company’s cars once more given the chance.