LaSalle Bank, which has offices downtown and in Carmel, will be spun off by its Dutch Parent, ABN Amro, to Charlotte, N.C.-based Bank of America for $21 billion as part of a larger deal considered to be the world’s biggest financial-services takeover. ABN Amro this morning said it would back a $91 billion acquisition offer […]
Justin Williams and Meredith Barrett grew up on the south side, but that’s not where they’ll live after getting married in September. They’re looking for an apartment downtown. It’s the only neighborhood they’re considering. “I love being right in the middle of everything,” said Williams, 25, a server at P.F. Chang’s China Bistro in Circle Centre. Barrett, a 22-year-old nurse at Wishard Hospital, said she “just likes to be able to walk everywhere.” The couple is part of a growing…
DOING GOOD LINDSAY CORNELIUS MBA student emerging as philanthropic leader To hear Lindsay Cornelius tell it, Indianapolis is the best place to live: It’s a growing city, with terrific new restaurants, fabulous art galleries, great parks, excellent museums, hip clubs and a booming downtown. But like any major metropoli tan area, it has its problems. And that has Cornelius, 26, determined to be among the legions of young men and women who care deeply about things like quality schools and…
Decatur County Commissioners have approved a 425-acre industrial park near the Honda Motor Co. assembly plant under construction at Greensburg. The decision Monday rebuffed an Area Plan Board recommendation in March against rezoning the area to industrial from agricultural, according to the Greensburg Daily News. The plan board opposed making the change after dozens of […]
Sometimes we need to be reminded of the simplest, most basic things. Like the value of profit in a capitalist society. In a week where I was hard pressed to find the time to write a column, my friend Roland Dorson submitted an unsolicited piece for our consideration. I’ve known the president of the Indianapolis Chamber of Commerce to be a witty man with a clever way with words. Here, he deftly summarizes a notion to which I and IBJ…
The java stands Hubbard & Cravens Coffee Co. opened a year ago within Clarian Health Partners’ three downtown hospitals are brewing a rich aroma of results. Yet executives of the locally based coffee retailer and wholesaler know sales could be sweeter. “The hospitals are so huge that we don’t capture even a third of what we could,” said Marcie Hubbard, director of store operations. “So the question is, how do you reach everybody in that entire hospital?” The 23 Taiwanese…
When the state kicks off its spring tourism ad campaign April 22, it will have a little more staying power thanks to a 38-percent surge in spending. The increase, made possible by cutting back in other areas, means a total of $550,000 will be spent on TV, radio and magazine ads targeted not only at neighbors in Chicago and Cincinnati but also Hoosiers from Evansville to South Bend. “We thought it was really important to put more money into that…
It’s a rite of spring. The annual arrival of Lilly Endowment Inc.’s annual report provides a rare glimpse into the operations of the secretive-butsuper-powerful Indianapolis-based foundation. This year, there’s more anticipation than usual. Beyond the listings of who received the hundreds of millions of dollars in grants the endowment passed out last year, the report-due to be released by the end of this month-also will show where the endowment invests its $7 billion in assets. Until now, that part of…
Its past work with Eli Lilly and Co. and the presence of central Indiana’s universities led executive search firm PrincetonOne to commit to adding 200 jobs in Indianapolis, the company said today. And $2.1 million in city and state incentives didn’t hurt, either. The city offered PrincetonOne $55,600 in tax abatements, and the […]
Former Union Federal Bank of Indianapolis President and CEO Alvin “Kit” Stolen III has taken a position as vice president of consulting at Achievant LLC. The Indianapolis company, launched in September with funding from the 2005 sale of the Carmel banking software firm Baker Hill, sells consulting services and software to help financial institutions with […]
The age-old concept of living above your workplace is catching on again in Indianapolis, just as the developers of Douglass
Pointe Lofts had hoped. The $2.65 million landmark at 25th and Delaware streets already will soon also be known for a diverse
roster of local businesses.
ATLANTA – At the Final Four last week, I was reminded that even without a team, Indiana was well represented. It began at the United States Basketball Writers Association breakfast on the Friday morning before the national semifinals. The occasion was the presentation of the USBWA’s Oscar Robertson Trophy to the player of the year, which happened to be Kevin Durant from Texas. Robertson, the Crispus Attucks great who went on to star at the University of Cincinnati-and who was…
A $750,000 penalty has been levied against Conseco Inc. by the Iowa Insurance Division, but the reason for the fine is being kept confidential, according to The Des Moines Register. The Carmel insurer’s Conseco Life Insurance Co. unit and regulators settled issues related to how the unit priced some of its life insurance policies. Conseco […]
Lots of people are taking the week off for spring break, but plenty of people are still toiling away at their jobs, local employers say. At F.C. Tucker Co.’s corporate office on the far northside, 20 to 25 percent of workers are out this week, said Stan Phariss, vice president of human relations for the […]
Temporary staffing agencies used to be like big-box discount stores: Customers could find anything and everything under one roof. As temp workers have become an increasingly important part of corporate business models, however, a more boutique approach is taking hold. Take Carmel-based LGC Associates, which specializes in providing temporary staffing for the food service and hospitality industries-and has started providing workers to fill the accounting, financial and administrative needs of its clients. LGC was launched in May 2003 by Carmel…
Executive Steve Kellam once went to such great lengths to cheer up colleagues during a difficult period that he arrived at a company meeting wearing a Clifford the Big Red Dog costume. He’s dressed as a clown as well. It’s doubtful every corporate gathering requires those types of creative tactics to grab the attention of associates, but there are ways to ensure the boardroom doesn’t descend into a state of boredom. “I was just trying to get some laughs,” Kellam…
Carmel-based Maaguzi LLC, a maker of software for clinical researchers, plans to relocate its North Carolina operations to an undetermined location in central Indiana. The expansion would add 42 high-tech jobs through 2009. The company will produce and host its Internet-driven clinical trial data management system in the new location. Maaguzi’s lease at 11711 N. […]
Shareholders of Carmel-based Adesa Inc. today approved the auto auction’s $3.7 billion acquisition by Kar Acquisition Inc., which is owned by Kelso & Co.; GS Capital Partners, an affiliate of Goldman Sachs; ValueAct Capital and Parthenon Capital. The price of $27.85 per share was a premium of about 10 percent over the value of Adesa […]
IndyGo tomorrow plans to reveal details of an express bus route between downtown and Fishers, starting late this summer or early fall. In Fishers, the bus will stop at 106th Street and Lantern Road, at Eastern Star Church. It likely will proceed down Binford Boulevard and make stops at a handful of downtown locations, Indianapolis […]
A who’s-who of local firms is planning bids to redevelop the Market Square Arena site with mixed-use projects that would depart
sharply from previous efforts focused on residential. New plans are expected to include retail , offices, apartment units
and condos backed by high-profile local developers that didn’t bid before.
