The Penrod Society is reeling from news that one of its top volunteers allegedly absconded with $380,000 – every penny the organization earned from its annual art fair, plus reserves. “It’s devastating news for us. It’s devastating news for the arts community,” said President Jimmy Art. The 42-year-old society stages the Penrod Arts Fair, held […]
Eli Lilly and Co. CEO John Lechleiter played a game of pharmaceutical poker with former Lilly Chief Financial Officer Jim
Cornelius—and won.
These days, when an Indiana National Guard member or military reservist is called to active duty, that "weekend warrior" may
be gone for a good deal longer than a weekend.
It was a bad year to be a shareholder of most companies. But the value of the Indianapolis-based health insurer’s stock lost
more than 55 percent of its value during the year.
Former IU basketball coach Dan Dakich is doing his daily sports-talk radio show barefoot through January 17 to draw awareness to Samaritan’s Feet (www.samaritansfeet.org), an organization dedicated to providing shoes to kids…
Troubles this year for the Indy Racing League—and the Indianapolis Motor Speedway—that led to layoffs last Friday, started with a NASCAR event.
“We started seeing a downturn in revenue with the Allstate 400,” said…
The newly organized MLK Business Revitalization Association aims to bring new life to the neighborhood west of downtown by
uniting area business owners behind a common goal — cleaning up the community to attract other entrepreneurs.
Indianapolis Mayor Greg Ballard has notified the City Market that the financially strapped city is phasing out its subsidies
to the historic downtown fixture, which account for one-quarter of the market’s nearly $1 million budget.
Now expecting $935 million less in annual revenue than they did a year ago, legislators will spend the next four months arguing
over budget cuts.
Beware when coaches profess unfailing loyalty to a school.
Indy Racing League and Indianapolis Motor Speedway are planning staff cuts, likely before year end, to become more efficient during a difficult economic environment, according to sources within both organizations who are familiar with the decisions. The number of layoffs was not immediately available. The IMS also has instituted a hiring freeze. The sources referred […]
If you’re an open-wheel racing fan, should you be concerned that Detroit cancelled its 2009 Indy Racing League race, reducing the IRL schedule to 17 races? You bet.
Sure, Detroit—with all the tumult surrounding…
Sen. Evan Bayh’s campaign efforts on behalf of Barack Obama may soon pay off for Indiana’s alternative power industry. A Bayh spokeswoman said the Democrat will stage a press conference at 1 p.m. at Indianapolis Motor Speedway. He’s expected to announce efforts to secure part of President-elect Obama’s economic stimulus package on behalf of Indiana’s […]
Four companies signed deals to be presenting sponsors for the Indianapolis Motor Speedway’s Centennial Gala: Just Marketing International, Old National Bank, the Indiana Pacers and Honda. Financial terms of the deal were not…
Indianapolis Motor Speedway officials are looking at a plan to build a new hotel, possibly with a new IMS Hall of Fame Museum, sources close to the Speedway say. IMS officials announced yesterday that the Brickyard Crossing Inn, which is adjacent to the fabled race track, has closed because it would be too costly to […]
I’m sure soon-to-be new Indiana University athletics director Fred Glass took notice of what San Diego State paid to lure football coach Brady Hoke away from Ball State. The cost of luring a…
Indianapolis-based Midwest Model Makers has found big success by making very small objects — specifically, detailed architectural
models of everything from buildings to golf courses to weapons systems.
Yet another Illinois governor is going down in legal flames, as Rod Blagojevich struggles to extricate himself
from federal accusations that he brazenly tried to peddle Barack Obamaâ??s Senate seat to the highest bidder.
So, weâ??re reminded again that power corrupts….
Dane Hudson continues an acquisition binge aimed at making Arthur J. Gallagher & Co. a stronger health benefits broker in
the Indianapolis market.
I don’t begrudge those who legally obtain and carry guns, whether their intended use is hunting or self-protection, and I
question the media frenzy that erupted after New York Giants wide receiver Plaxico Burress was arrested for carrying a weapon
without a New York license.
