Aearo Technologies Inc., the Indianapolis company that makes goggles, earplugs and other personal safety equipment, has agreed to be acquired by 3M for $1.2 billion, the companies announced this morning. St. Paul, Minn.-based 3M plans to use Aearo to expand its own health and environmental-safety product lines. Aearo brands include E-A-R, Peltor, AOSafety and SafeWaze. […]
Neither side is talking, but one thing is certain: The removal of the 13-year WTHR veteran known for a sometimes-testy temperament
comes at a crucial time for the local television station.
A long-neglected neighborhood south of downtown called Babe Denny suddenly is in the spotlight, attracting attention from
city planners, code enforcers, land speculators and a politically connected attorney.
State officials are challenging a $7-million assessment for a 2.3-acre parking lot sandwiched between the RCA Dome and Lucas Oil Stadium. The state has launched eminent domain proceedings, and the owner isn’t…
A legal fight is brewing over a 2.3-acre parking lot sandwiched between the RCA Dome and Lucas Oil Stadium. The state is seeking
to acquire the property through eminent domain and is fighting an appraisal that puts its value at $7 million. The owners,
meanwhile, contend the land is worth about twice as much.
The developer of a $750 million mixed-use project called Venu has acquired a 13-acre site across the street from where another
developer had planned to build condos and a Whole Foods Market.
Seemingly unbeknownst to the stock market, problems continue to lurk in the credit markets. Regulators are concerned about the market upheaval caused by structured investment vehicles. Large banks set up SIVs as off-balance-sheet investments to leverage their investment capital and earn higher returns. There are reportedly some 30 SIVs with $400 billion in assets. SIVs employ a simple strategy to make money: They borrow short term (at low rates) and invest in longer-term securities (at higher rates), thereby earning the…
The Beckmann Theatre has an impressive board, a unique mission and, judging from the benefit performance staged Oct. 15 at the American Cabaret Theatre, the goodwill of a strong talent pool. What it could use are some actual theatrical productions. Launching in 2002 and carrying the name of Bob Beckmann, the late arts and civic leader who helped transform downtown, the Beckmann Theatre has offered about a show a year, plus a handful of readings, since its inception. The company’s…
I spent two days last week in Bloomington, visiting my alma mater. I walked tree-lined paths I walked 30 years ago, spoke from the front of an auditorium where I once faded into the middle-row masses, grabbed pizza for dinner with some journalism students and their professor. In my lectures, I told the undergrads how I got from there to here. How, at their age, I had no idea what I wanted to be when I grew up. How a…
Local mental health advocates are applauding a U.S. Senate bill passed last month that would require equal health insurance coverage for mental and physical ailments when policies cover both. The bill, which passed unanimously, moves advocates one step closer in their long-fought quest for a concept known as mental health parity. Mental Health America, formerly known as the National Mental Health Association, praised the passage as an opportunity to end discrimination against people with mental health disorders. Steve McCaffrey, president…
Last weekend, my wife Cherà and I visited my son, Austin, and his girlfriend, Karolina, in New York City, where they’re first-year students at New York University. Whenever I land at LaGuardia, catch a cab into the city, ride the subway, shop on Fifth Avenue, or meld with the masses at Times Square, the iPod in my brain advances through Stephen Sondheim’s “Company” to a song called “Another Hundred People.” Amid the horns, sirens and white noise, I hear: Another…
The Cincinnati Ballet is taking an exploratory step toward a regional ballet company, announcing plans to stage a six-show
“Nutcracker” production here this December. The idea of a collaboration–where the two cities would share production and administration
expenses–has elicited mixed response.
Paul Estridge Jr. has filed a petition to try to stop the state from collecting a fee stemming from the sale of his minority stake in Indiana Downs horse track in Shelbyville. Estridge, of Carmel, claims that the fee is in effect a transfer tax, and that the tax is unconstitutional, according to The Courier-Journal […]
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…
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…
Advertising agency Bradley and Montgomery launched an unorthodox campaign for cable television station MTV last month that is gaining the local firm-and its client-national acclaim. A friend of a friend led BAM officials to the New York-based music television channel, which was looking to promote the release of its show “The Hills” on DVD. BAM officials pulled video snippets from the show, enhanced them graphically, then uploaded the snippets to Web sites such as YouTube.comand Veoh.com. The resulting vignettes can…
Indianapolis-based Eli Lilly and Co. paid more money-$11 million-to Minnesota doctors, nurses and medical foundations than any other drug company between 2002 and 2004, according to the Pioneer Press of St. Paul, Minn. The report is based on Minnesota’s strict disclosure law. Only Maine and Vermont have similar laws requiring pharmaceutical companies to open books […]
With the 200th anniversary of Abraham Lincoln's birth approaching, Indiana, Illinois and Kentucky all are fighting for
a share of the bicentennial limelight. Each has a valid claim to the 16th president: Lincoln was born in Hodgenville, Ky.,
on April 12, 1809, moved to a southern
Indiana farm with his family at age 7, then moved to Illinois at 21.
Central Indiana homebuilder Paul Estridge Jr. plans to donate $10 million to the Central Indiana Community Foundation’s Legacy Fund and $10 million to unspecified Indiana businesses. The donations come from the $53.5 million in proceeds Estridge is expected to receive by selling his 34-percent stake in the Indiana Downs horse-racing track to South Bend-based Oliver […]
Noble Roman’s Inc. stock this year has been rising nearly as fast as its pizza dough, defying skeptics who’d written off the
long-ailing Indianapolis company. With a new business strategy built on franchising and dual-branded restaurants, Noble Roman’s
has seen quarter-to-quarter earnings increase for more than two years.
