USA Track & Field repeals controversial rules
USA Track & Field has repealed restrictions on uniform advertising that angered athletes across the country, but it remains to be seen whether athletes will take advantage of their renewed freedom.
Kathleen McLaughlin
Articles
IUPUI faculty vote to keep public affairs school
The School of Public and Environmental Affairs won’t be eliminated from IUPUI any time soon. Faculty members at SPEA have turned down a proposal to merge with the Center on Philanthropy.
Hurco shares surge after quarterly profit soars
Hurco Companies Inc. said its fiscal first-quarter profit soared 200 percent over the same period a year ago, driven by strong sales increases in Europe.
Allison’s private-equity owners to get IPO spoils
When Allison Transmission Holdings Inc. a year ago filed plans to go public, it said some of the proceeds would go toward reducing billions of dollars in debt. But, in an updated filing with the SEC, the company reversed course, saying all of the more than $500 million that’s expected to be raised would go to its private-equity owners.
Foundations try to tap grain farmers’ wealth
The average price Indiana farmers received for a bushel of corn reached a high last August of $7.18, nearly twice as much as the prior year. That kind of windfall tends to benefit farm-equipment sales, but it could also lead to more charitable giving.
LISC sues to foreclose on Emrich’s Furniture building
LISC, a not-for-profit lender, says it has not received any payments on its $515,265 construction loan since Jan. 1, 2011, and is owed more than $228,000.
Will Manning remain an Indianapolis icon? It’s his call
While Manning will likely always be remembered as an Indianapolis Colt, his time as informal city representative is over, according to sports marketing experts. And it will be up to Manning whether he resumes the association after his retirement.
Rolls-Royce plans $42M local investment, more jobs
Rolls-Royce Corp. plans to invest $42 million to set up a new manufacturing plant in Indianapolis and create 100 jobs by 2014, the company announced Tuesday morning.
BrightPoint making local employment cutbacks
BrightPoint Inc. has laid off an undisclosed number of its local employees and decided not to fill another 120 open positions, the Indianapolis-based company acknowledged Thursday.
Arts groups run by founders lay groundwork for next generation
Succession planning is critical for any organization but even more so when the person making the hand-off is the creator and driving force, and several local arts groups are still led by their founders.
Indiana Live receives offer from Hoosier Park owner
Indiana Live is receiving overtures from potential buyers, including the owner of local competitor Hoosier Park & Casino, its parent company said in a recent bankruptcy court filing.
IU may launch Indy school focused on philanthropy
Administrators at Indiana University and IUPUI want to create a philanthropy-driven school in Indianapolis, and they might do away with another widely recognized school in the process.
Steel Dynamics to expand Pittsboro operations
Fort Wayne-based Steel Dynamics Inc. plans a $76 million expansion in Pittsboro, increasing the mill’s capacity by 52 percent, the company announced Thursday.
Nuts-and-bolts distributor’s sale leaves suppliers empty-handed
The purchaser, The Whitesell Group of Companies, bought the assets but not the liabilities, including $5 million owed to various unsecured creditors.
Symphony challenges complicate CEO search
Indianapolis Symphony Orchestra trustees are seeking a new leader who can help reverse three consecutive years of seven-figure budget deficits, raise $100 million to replenish its endowment and motivate staff working for reduced pay.
Indianapolis Downtown Inc. leader Zahn stepping down after 19 years
Indianapolis Downtown Inc. announced Thursday morning that President Tamara Zahn plans to leave her position by June. Zahn was IDI's first president and has been in the post for 19 years.
Merger to give northwest Indiana bank local foothold
Horizon Bancorp of Michigan City announced Friday that it has agreed to acquire Heartland Community Bank of Franklin for about $14 million, or $9.72 per share.
Senator drops push for paid dealers at charity games
A proposal to allow charities to pay people to run bingo, poker and other gambling games is too touchy of an issue to tackle this session, Indiana Senate Public Policy Chairman Ron Alting said Friday morning. Instead, he’ll request a summer study committee.
Fishers warehouse to close, costing 248 jobs
New York-based Sony DADC Americas will start shutting down its Fishers distribution facility in May and lay off all 248 workers by September, the company said Friday morning.
Local manufacturer tapped for trade mission to Russia
Hoosier Gasket Corp. hopes to land more business in Russia, where a growing middle class and new financing options are fueling the automotive market.