Ace eyes Fall Creek Place
King Park Area Development Corp. is in advanced talks with Ace Hardware to anchor a new retail project at the northeast corner of 22nd and…
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Conseco chief buys 200,000 shares
Conseco CEO Jim Prieur bought 200,000 shares in the company today, the Carmel insurer disclosed. The purchase brought Prieur’s stake to 430,000 shares, according to Bloomberg. Prieur acquired the shares for $4.35 to $4.97 a share. The stock is up 22 percent today, to $4.62, after having lost nearly half its value this week. The […]
Inlow estate must be reimbursed, court rules
The wife of former Conseco Inc. chief counsel Lawrence Inlow has lost a court appeal in which she attempted to prevent money from a wrongful death settlement with the Carmel insurance company from being used to pay for his funeral. The decision means the $248,034 cost of the funeral and burial will be taken from […]
Colts roll back stadium opening
The Indianapolis Colts have rolled back the opening of Lucas Oil Stadium by two hours on home game dates. LOS will now open two hours before games, instead of the four hours it…
Regional banks surge amid Wall Street turmoil
As stock prices of Wachovia Corp. and other big names in banking take massive hits, regional banks like Integra and Old National in Evansville are quietly racking up large gains. An analysis of the best-performing Indiana stocks since Sept. 1 reveals regional banks atop the list. Integra Bank Corp. has seen its shares soar nearly […]
Forbes: Cook still richest Hoosier
Bloomington billionaire Bill Cook placed 68th on this year’s Forbes 400 list of the richest Americans, the same rank he held last year, retaining his spot as the wealthiest Indiana resident. However, Cook needed $500 million more to keep the placing. Last year, the 77-year-old had $4.5 billion; this year he hit $5 billion. Cook […]
Izod rolls out IRL clothing line
Izod rolled out a new line of Indy Racing League-themed jeans and shirts at a leading fashion show in Las Vegas last month.
This week Izod announced they will rev up a major marketing…
Lilly CEO Lechleiter to become chairman
Eli Lilly and Co. announced today that CEO John Lechleiter will also gain the additional title of chairman on Jan. 1. Lechleiter will replace Sidney Taurel, who is retiring. Lechleiter took over for Taurel as CEO on April 1. Lilly directors today also named Taurel as chairman emeritus.
Reviews: Phoenix, Civic, ATI
Space is limited in this week’s print IBJ, so instead of cutting down the week’s reviews, I thought I’d share my thoughts here on three recent theater production openings. (FYI: You can find A&E reviews every week in IBJ’s Not Strictly Business…
Casino Aztar to be auctioned Nov. 18
Casino Aztar, the riverboat docked at Evansville, will be sold at auction Nov. 18, according to the Evansville Courier & Press. The casino had been sold to Reno, Nev.-based Eldorado Resorts LLC in March for as much as $245 million, but then the owner, Tropicana Entertainment LLC, sought bankruptcy protection, negating the sale. A Delaware […]
Court: Property owners on hook for fees
Owners of rental property are responsible for paying sewer fees if their tenants fail to pay the bills, the Indiana Supreme Court said today. Municipalities can transfer delinquent balances to property owners without notice because the owners ultimately are responsible for paying the fees, said the unanimous ruling, which upheld lower court decisions. Pinnacle Properties […]
Financing for new Centaur casino collapses
A consortium of financiers led by Credit Suisse has turned down an attempt by Centaur LLC to build a $455 million harness race track near Pittsburgh, the company announced yesterday. Centaur said it has immediately begun seeking an investment bank to help it move ahead with the $445 million project, called Valley View Downs. “We […]
Following the heart to a ‘real job’
Just what is a ‘real job?’
Most college students define the term in light of Adam Smithâ??s capitalism â?? high pay, having an office
and
so on, says Purdue University communications professor Robin Patric Clair.
Clair, who recently wrote a book called…
Indy investors take control of startup for $80M
Two Indianapolis-area investment funds and several local individuals have bought a controlling stake in a startup company in a St. Louis suburb for more than $80 million. The company, Furminator Inc., sells combs for untangling undercoats of dogs and other animals. Equity investors include Hammond Kennedy Whitney & Co. and Cardinal Equity Partners, said Hammond […]
Kite stock slumps to 52-week low
Shares in Indianapolis-based Kite Realty Group Trust hit a 52-week low this morning in what is shaping up as another rough day for Indianapolis developers and Wall Street as a whole. Kite, which owns and develops retail properties, including Glendale Town Center, fell nearly 4 percent this morning to trade at $10.75. Fellow local developer […]
Private support to IU hits record
Indiana University fielded $408.6 million in support from donors and non-government research grants in its most recent fiscal year, the university announced today. The figure was a record. Gifts to IU Foundation and Riley Hospital for Children hit records, and nongovernmental grants were the second-highest ever.
St. Francis back in Humana network
St. Francis Hospital & Health Centers has reached a contract with managed-care giant Humana Inc. to provide health services to Humana’s 164,000 members in Indiana, the parties announced today. St. Francis has been out of the network since June 2007. St. Francis facilities included in the agreement include St. Francis Hospital & Health Centers in […]
Fisher racing to sign sponsors
Popular Indy Racing League driver Sarah Fisher is making plans to drive at least 10 races next year. Fisher is currently in negotiations with Dollar General and other unnamed sponsors to get back…
Signs and the First Amendment
The American Civil Liberties Union has taken up the case of a Plainfield man who says a city zoning ordinance
tramples his First Amendment right to free speech.
Plainfield officials told the man, Nick Crews, to take down a…
Lehman’s not-for-profit fallout
When a major company goes under, it’s not just the employees and shareholders who take hits. It’s also the not-for-profits that the company helps support. A Bloomberg story today reports on Lehman Brothers endowment, which contributes to over 200 causes…