IRL title sponsor hunt loses power
The Indy Racing League’s drive for a title sponsor has hit the wall.
“The economy is having a huge impact,” said Zak Brown, president of Just Marketing International, the local firm the IRL hired…
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Review: ‘Striped Pajamas’
The Heartland Film Festival kicks off tonight with the North American premiere (which I incorrectly stated was a World Premiere in my weekly e-mail) of “The Boy in the Striped Pajamas.”
Landing a major studio premiere is a coup for Heartland…
Pre-season is fan base indicator
For those who say the pre-season means nothing, I disagree. It’s a good indicator of a team’s fan base. While I didn’t expect the Indiana Pacers to draw hordes of fans for its…
Steel Dynamics profit surges 92 percent
Steel Dynamics Inc. said late yesterday that its third-quarter profit jumped 92 percent over the same period a year ago as the steel manufacturer’s revenue more than doubled despite a sharp decline in ferrous scrap prices. For the three months ended Sept. 30, the company said net income was $193 million, or 98 cents per […]
Paul Newman’s legacy helping kids
In the coming years, Graham Rahal can expect more than a few thank you cards from critically ill youngsters. The 19-year-old Indy Racing League driver raised $40,900 for Flying Horse Farms with the…
Review: “Avenue Q”
A few month’s back, I travelled to Louisville to catch the national tour of “Avenue Q.” Not only was I anxious to see the Tony-winning show, but I also wanted to catch it before it came to Indy, the better to…
Former Winona Hospital on the block
The former Winona Hospital site – and its unpaid tax bill of nearly $1 million – will be listed in the Marion County Treasurer’s tax sale, which starts tomorrow. The tax sale is going forward as the owners of the deteriorating buildings on a site exceeding 1 acre at 3232 N. Meridian St. try to […]
Lucas: Stadium worth the cost
There have been a fair number of complaints about the new home of the Indianapolis Colts since its opening in August, from the temperature inside the stadium to traffic flow in concourses and…
Offers made for former site of Wells dealership
Several potential buyers submitted bids today for a handful of properties near Meridian and 16th streets that once housed the Payton Wells car dealership. Colliers Turley Martin Tucker Auctioneer Bob Getts confirmed bids were submitted but declined to identify the bidders. He said property owners are reviewing the submitted bids. The auction had originally been […]
Pacers give away free gasoline
The Indiana Pacers—in conjunction with sponsor Kia Motors—today are giving away free gasoline. You heard that right.
From 5 p.m. to 6 p.m., Pacers players will be at gas stations at 7751 S. Meridian St. in Greenwood, 11544 Allisonville Rd. in…
Cummins to buy $25M of Irwin stock
Engine maker Cummins Inc. said Tuesday it will buy $25 million of stock of Irwin Financial Corp. to support the Columbus bank’s restructuring plan. The investment is contingent upon regulatory approval of the purchase and the restructuring plan, a Cummins spokesman said. Irwin Financial said earlier this month that it planned to raise a total […]
St. Francis would cancel Anthem contract early
The St. Francis hospital system threatened to terminate its contract with Anthem Blue Cross and Blue Shield of Indiana on Nov. 2-well before the contract expires next September, saying Anthem has been slow at paying claims and has not granted St. Francis terms similar to other area hospitals. If no deal is reached before Nov. […]
Lilly commences ImClone tender offer
Eli Lilly and Co. has commenced its tender offer for New York-based ImClone Systems Inc., the Indianapolis-based drugmaker announced today. Lilly agreed on Oct. 6 to pay $70 a share in cash to acquire ImClone, for a total purchase price of $6.5 billion. Two of ImClone’s largest shareholders-ImClone Chairman Carl Icahn and New York-based Bristol-Myers […]
WellPoint’s Braly boosts United Way giving
United Way of Central Indiana is hoping that a matching gift of $300,000 from WellPoint CEO Angela Braly and her husband, Doug, nets $1 million in additional giving over the next three years. “We feel it’s important to challenge others to continue to give, or increase their giving, during this uncertain economic time,” Braly said […]
Son of ex-Pacer chronicles change
Game of Change, a documentary directed by Jerald Harkness, will be featured at the 2008 Heartland Film Festival in Indianapolis, beginning Oct. 18. Harkness, who is the son of Jerry Harkness, a two-time…
More ISO ‘Guys and Dolls’ thoughts
At some point, I will write about something besides the Indianapolis Symphony Orchestra’s presentation of “Guys and Dolls in Concert” last weekend.
But that point isn’t here yet.
I blogged on one aspect of the show on Saturday. (Find it here, along…
Insurer settles state lawsuit for $16.5M
A legal malpractice insurance carrier has agreed to pay $16.5 million to Indiana ‘s insurance department, settling a federal lawsuit stemming from the multi-million-dollar collapse of a health insurance trust. Alabama-based ProNational Insurance Co. agreed to make the payment to settle a bad-faith and breach-of-contract lawsuit filed by the department four months ago. ProNational was […]
Like a new skyscraper
The new curtain wall is almost done on the north and south faces of One Indiana Square. What do you think so far? (IBJ Photo/Robin Jerstad)
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Report: Area home sales up 5 percent
Central Indiana home sales rose 5 percent in September, compared with a year earlier, according to a report released today by Landrigan & Co., a residential real estate firm. Landrigan said September sales in 13 area counties, including Marion, totaled 2,192, up from 2,084 in the same month a year earlier. The report offered a glimmer […]
State stocks rally after grim week
Stocks in Indiana and across the globe shot higher this morning, wiping out some of the devastating losses of last week, one of the worst in the history of Wall Street. In late morning trading, the Dow Jones industrial average was up more than 450 points, or 5.5 percent. The S&P 500, meanwhile, had advanced […]