Outgoing state commerce secretary Nate Feltman said today that he likely will return to practicing law and become involved in business after leaving the post at the end of the month. Feltman said he plans to stay in Indianapolis, though he wouldn’t divulge details of his plans. “This is a place my family and friends […]
A new Carmel venture-capital firm focused on food and agriculture has closed its first fund with $27.8 million, including $15 million from Indiana investors. IN Partners LLC announced the landmark yesterday but continues to raise money. Ron Meeusen, a co-founder and managing partner, said IN Partners is one of only a handful of venture firms […]
Indianapolis investment firm KSM Capital Advisors disclosed today that the scandal unfolding around New York hedge fund manager Bernard Madoff could cost its clients as much as $15 million. Making matters worse: KSM’s parent, accounting firm Katz Sapper & Miller LLP, could lose up to 1 percent of its book value as a result of […]
The Indianapolis Museum of Art wants a share of revenue from its restaurant operation rather than relying on a management fee. The change comes as the museum examines four proposals it has received to run its restaurant and café, and possibly a renewed catering service. Chief Operating Officer Jack Leicht said local and national companies, […]
Trailer-maker Wabash National Corp. and broadcaster Emmis Communications Corp. are suspending dividend payments as the economy deteriorates. Their announcements in recent days follow a September decision by Evansville-based Integra Bank Corp. to cut its dividend to a penny in order to build capital that had suffered from the housing downturn. Lafayette-based Wabash National Corp. said […]
Ivy Tech Community College has grown to become the largest post-secondary institution in the state, and it probably will get a lot bigger. Ivy Tech said today its enrollment of 120,447 in the 2007-08 academic year topped the 118,952 students in the Indiana University system. Purdue had 39,102 students. Ivy Tech attributed the growth to […]
A $100 million office park in Fishers that has been a dream of an Indianapolis developer for a decade will be anchored by USA Funds. Edgeworth Laskey Properties LLC plans to announce today that USA Funds will lease 30,000 square feet in one of five buildings designed for the 26-acre site, which is west of […]
An acquisition in the works between Herff Jones Inc., the Indianapolis-based giant that makes class rings and other educational products, and an Austin, Texas, competitor has been ended by mutual agreement, the parties said Friday. The acquisition target, American Achievement Corp., is owned by Austin-based AAC Group Holding Corp. Herff Jones offered no further comment […]
Three key promoters of the Indiana motorsports industry have formed a company to launch a new trade show in Indianapolis next year. The threesome – Indiana Motorsports Association Executive Director Tom Weisenbach, local auto and truck dealer Jeff Stoops and C&R Racing Inc. owner Chris Paulson – hope the new show will fill part of […]
Medical Technology Leadership Forum, a not-for-profit think tank focused on medical devices, is relocating to Indianapolis from its home in Minneapolis, the organization announced today. The forum will be headquartered at the Indiana University Research and Technology Corp. campus on the downtown canal, and will hold one of its three annual conferences in Indianapolis on […]
Luther King Capital Management Corp., a Fort Worth, Texas, money manager, has nearly doubled its stake in Indianapolis-based Emmis Communications Corp., a Securities and Exchange Commission filing says. The firm increased its number of shares to nearly 2 million, or about 6.2 percent of the total available. Luther King Capital also wants to discuss the […]
Indiana will be out of recession by spring, but the Indianapolis area will perform so well that most people will not even realize a recession came and went. That’s how Ball State University economist Michael Hicks sizes up prospects for 2009 in a forecast scheduled to be issued Dec. 9. “I’m not sure that you’re […]
Fourteen former employees of GMAC Mortgage Corp. have found jobs at First Republic Mortgage Corp., a mortgage banker headquartered on the northeast side near Fort Benjamin Harrison. The GMAC workers migrated to First Republic Mortgage after the mortgage arm of General Motors Corp. closed down in September. The additions bring total employment to 53. As […]
Indiana’s jobless rate rose to 6.4 percent in October from 6.2 percent in September, according to figures released today by the Indiana Department of Workforce Development. Unemployment was well over the 4.8 percent of a year earlier. Still, the department emphasized that Indiana was below the national rate of 6.5 percent and below all neighboring […]
Precise Path Robotics Inc., a Carmel company started by tech entrepreneur Scott Jones and other investors, is about to unveil its first product – a lawnmower guided by technology developed for the battlefield. Precise Path plans to display the RG3 at the Golf Industry Show in New Orleans in February, and anticipates selling 50 units […]
Indiana University has launched a technology center to help scientists attract research funding and drive discoveries that could be turned into life sciences and information technology businesses. The Pervasive Technology Institute will be funded by a $15 million commitment from Lilly Endowment, and be located in the new business incubator IU is building at 10th […]
Car and motorcycle dealerships owned by Russell J. Dellen before his death will continue under family ownership, according to one of his sons, Nick Dellen. Russ Dellen, who died of a heart attack on Nov. 8 at age 56, owned two car dealerships in Greenfield – one handling Buick, Chevrolet, GMC and Pontiac brands, and […]
A timber investment firm has bought nearly 12,000 acres of Kentucky woodland owned by Jasper-based furniture and electronics manufacturer Kimball International Inc. The auction yielded $24.5 million for the property, which fronts the Ohio River near Evansville and has been the scene of numerous outdoor and hunting television shows. Buying the entire tract was Forest […]
If General Motors Corp. were to collapse into bankruptcy, Indiana would be clobbered, says Indiana Manufacturers Association President Pat Kiely. Credit markets already roiled by the financial crisis would be unlikely to extend the bridge financing GM would need to survive a restructuring, Kiely said, and most consumers would be unwilling to buy the cars. […]
Officials of Indianapolis-based HHGregg Inc. are buying tens of thousands of shares in the appliance and electronics retailer at a time when the stock is trading at its lowest level since Gregg’s initial public offering in July 2007. This week: -Chairman and CEO Jerry W. Throgmartin bought 41,050 shares for $4.83 to $5.05 each. -Gregg […]
