Phony going-out-of-business sales long have plagued Oriental rug retailing here and across the country, dealers say. The industry
is susceptible because Oriental rugs can cost thousands of dollars, and many consumers lack the expertise to judge whether
a rug’s quality matches its price.
Lawmakers last year approved a bill that would have given the NFL a onetime tax break on spending and revenue tied to the 2011 Super Bowl, a moot point once team owners awarded the game to Dallas. Now, similar legislation has passed both chambers of the General Assembly-this time extending the exemption to the NCAA, which has committed to hosting its Final Four basketball championships in Indianapolis regularly through 2039. If signed into law, the measure would allow the NFL…
Not surprisingly, not everyone is thrilled with former Indiana University and Texas Tech basketball coach Bob Knight joining ESPN’s in-studio crew for its NCAA March Madness coverage. Knight’s move to the media…
Institutional Shareholder Services, a proxy advisory firm, is recommending that two Steak n Shake Inc. stockholders be elected to the Indianapolis company’s board of directors at the annual meeting on March 7. For months, Sardar Biglari, who controls San Antonio -based Lion Fund, has been appealing to Steak n Shake investors through billboards and other […]
With Indiana’s Democratic primary election looming May 6, Barack Obama leads rival Hillary Clinton by a margin of 40 percent to 25 percent, according to a poll released yesterday. Obama holds commanding leads over Clinton among men, women, African-Americans, whites and young people who were registered to vote, according to the poll, which was conducted […]
Based on 50 conversations IU Foundation President Curt Simic had with donors the week after news broke of the potential firing
of men’s basketball coach Kelvin Sampson over alleged NCAA improprieties, the chief of Indiana University’s philanthropic
arm says he has little fear the latest athletic department controversy will affect financial support to the school.
In the mid 1990s, Carmel’s then-giant Thomson Consumer Electronics annually sold $300 million worth of high-end televisions under the name Proscan. But by the end of the decade, the company’s French owners had abandoned Proscan in favor of a strategy emphasizing the betterknown RCA brand. Now a former Thomson executive based in Indianapolis is attempting to revive Proscan. Last year, Pat Deighan sold nearly $50 million worth of Proscan high-definition flatscreen LCD televisions in the United States. This year, he…
In 1994, Indianapolis real estate entrepreneur Mark Ristow read some investment advice that changed his life. In the book “Beating the Street,” Peter Lynch, the former star mutual fund manager, described a “can’t lose proposition (almost)” called bank-conversion investing. The game: Buying stock in mutual, depositor-owned banks when they convert into public companies. Depositors get in at the initial-public-offering price, often a discount. So “the next time you pass a mutual savings bank or an S&L that’s still cooperatively owned,”…
“All of us have a healthy respect for the freedom of artistic expression that college theater represents, and all of us agree that out of respect for the families of those victims of the tragedies at Northern Illinois University and…
UnitedHealthcare has signed a three-year contract with the Indiana Orthopaedic Hospital, bringing the specialty hospital into UnitedHealthcare’s central Indiana network of health care providers. The contract, announced today, took effect on Feb. 1. It gives the orthopedic hospital “in-network” status, which typically means bigger discounts for UnitedHealthcare customers. OrthoIndy, a group of more 60 orthopedic […]
The 200-plus workers EDS plans to add at Purdue Research Park will be housed in 45,000 square feet of a new, 78,000-square-foot office building. Called Innovation Center, the building will open in early 2009, the university said as part of this afternoon’s announcement. Many of the new positions will be software engineers and business analysts. […]
The Service Employees International Union, which has organized janitors in Cincinnati, Columbus, Ohio, and now Indianapolis, begins negotiations today on behalf of 1,500 local janitors after years of contentious organizing efforts. Companies participating in the Indianapolis negotiations are ABM Industries Inc. of San Francisco; Group Services France of Paris; Mitch Murch’s Maintenance Management Co. of […]
EDS plans to hire more than 100 workers at a new location in Purdue Research Park in West Lafayette, according to sources familiar with an announcement scheduled this afternoon. The exact number of jobs was not available. The Plano, Texas-based computer services firm would not comment. EDS will hire business analysts, systems and software developers […]
The debate over making Indiana employers responsible for illegal immigration will live to see another day. This morning, the House Public Policy Committee voted 7-4 to pass an amended version of a Senate bill that aims to crack down on illegal immigration by targeting their employers. Under the version passed by the committee, some language […]
Brent Waltz, a Republican who unseated long-time state Senate Finance Committee Chairman Larry Borst in 2004, is under attack by a primary election challenger who claims Waltz lives outside his district. Waltz lives at his parents’ White River Township home in Johnson County rather than at a condominium he leases in Greenwood, according to a […]
With the revelation that the NCAA discovered more possible wrongdoings by Indiana University basketball coach Kelvin Sampson than the school reported in October, the embattled coach and his boss, athletic director Rick Greenspan, could become marketing liabilities for the school…
New York insurer MetLife Inc. is closing its call center at 9001 Wesleyan Road and shifting the employees to working from home, the company said today. Approximately 89 workers take calls for auto and home claims. The office is located near Interstate 465 and North Michigan Road.
Center Township Trustee Carl Drummer may be a nice guy, but he sure knows how to squirrel away taxpayer
dollars, IBJ reporter Peter Schnitzler showed us in this weekendâ??s IBJ.
Drummer has racked up a $7.1 million surplus â??…
In the Middle Ages, the French coined a new word that today we would identify as “undertake.” Around 1828, this old French word, “entreprendre” was absorbed into the English language and after some use and m o d i fi c a t i o n s became a word we recognize and vener ate in our society today … entrepreneur. As a nation founded and populated by men and women who risked life and fortune to reach our shores,…
Paul Gresk, the bankruptcy trustee overseeing the liquidation of Winona Memorial Hospital, is pushing for a showdown in court
to prove his claims that Winona’s former owner, Leland Medical Centers Inc., illegally transferred more than $4 million out
of Winona.
