EDITORIAL: Pacers recovery well-timed
The Indiana Pacers have returned to relevance in the NBA and in the eyes of local fans.
IBJ Staff
Articles
Live Nation drops beer prices at outdoor concert venues
The $2.75 drop is meant to enhance the concert experience at Klipsch Music Center and The Lawn at White River State Park.
PROXY CORNER: Ameriana Bancorp
New Castle-based Ameriana Bancorp operates more than a dozen banking offices in north-central and central Indiana.
Local WellPoint unit eliminating 112 employees
National Government Services Inc., which processes Medicare and Medicaid claims for the federal government, attributed the job reductions to the loss of a government contract. The subsidiary will still have about 500 workers in Indianapolis.
Children’s Museum selects developer for Winona site
Local affordable housing developer The Whitsett Group has been chosen to redevelop the site on North Meridian Street. Its other major development is a $22 million project set for the former Keystone Towers site.
Shareholders vote disapproval of Simon’s $120M bonus
Shareholders of Simon Property Group Inc. sent a resounding message to the company that they don't approve of a $120 million retention award given to CEO David Simon.
Pacers owner teams with Smulyan to buy Emmis stock
A partnership of Herb Simon and Jeff Smulyan filed plans to buy up to an additional 1 million shares of Emmis Communications Corp. at no more than $2 apiece.
South-side medical office building in foreclosure
Munster-based Citizens Financial Bank claims the owner of the building at 1340 E. County Line Road owes $4.1 million on a loan originating from 2002 and is seeking to have a court-appointed receiver manage the building’s operations.
NFP of NOTE: Cornea Research Foundation of America
The Cornea Research Foundation of America is a not-for-profit clinical research organization dedicated to the preservation and restoration of vision.
Utilities, public clash on tree-trimming policies
Indianapolis Power & Light, others say money is at stake if tighter controls are enforced.
Community foundations recovering from recession
Many have bounced back and report asset levels that exceed their 2007 highs.
EDITORIAL: Speedway poised for more change
It’s great to see such an impressive team of corporate and civic heavy-hitters working together to ensure a bright future for one of central Indiana’s most iconic businesses.
Bloomington greeting card company closing plant
Sunrise Greetings said it will move operations by the end of the year to the Kansas City, Mo., headquarters of parent Hallmark Cards Inc., resulting in the loss of 93 jobs.
Cummins hires ex-Indianapolis mayoral candidate
Melina Kennedy has joined the diesel engine maker’s corporate communications team and will be responsible for executive communications, research and speechwriting for CEO Tom Linebarger.
Emmis shares again escape NASDAQ delisting
The NASDAQ exchange notified the Indianapolis-based company on Tuesday that its stock avoided delisting after shares traded above $1 for 10 consecutive trading days. Emmis has been in danger of losing its NASDAQ status for several years.
Subaru to add 100 jobs as part of $75 million expansion
Subaru already employs 3,600 at its Lafayette facility, with 600 workers added in the past three years. The expansion will ramp up production from nearly 171,000 cars a year to at least 180,000.
First-quarter profit, revenue flat for Noble Roman’s
The pizza franchisor earned $365,079 in the quarter ended March 31. But it continues to see more growth from take-n-bake products in grocery stores.