Colts climb NFL valuation ladder
Lucas Oil Stadium has pushed the Indianapolis Colts into the upper echelon of the National Football League in terms of team value. The team jumped from 21st most valuable team last year to…
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Arcadia starts pharmacy project
Nearly a year after Arcadia Resources Inc. moved its headquarters from Michigan to Indianapolis, the company has started work on an additional pharmacy operation nearby that is expected to employ 130 by the end of 2010. Arcadia, based at 9229 Delegates Row on the northeast side, said today it has finalized a lease on 7,000 […]
WellPoint may lose $214M on Fannie, Freddie
WellPoint Inc. expects to lose $214 million of its $243 million in investments in troubled housing lenders Fannie Mae and Freddie Mac, the Indianapolis-based health insurer disclosed yesterday. WellPoint said it would take a charge for the losses in the third quarter, but that the total figure is difficult to predict considering the volatility of […]
Mamet to actors: Stay out of school
With David Mamet’s latest play, “November,” opening this week at the Phoenix Theatre, I was interested in reading the acclaimed playwright’s latest words on his art.
What I found in his recent book “True and False: Heresy…
UIndy unveils new dorm
The University of Indianapolis plans to break ground on a new $9-million residence hall, the campus’ sixth, on Thursday. The four-story…
First Merchants to carve $8M from Lincoln
The Muncie bank that last week announced plans to buy Lincoln Bancorp anticipates slashing $8 million in expenses from the Plainfield institution. First Merchants Corp. disclosed the figure in a regulatory filing yesterday. The savings would amount to roughly one-third of the $25 million in expenses Lincoln reported last year. About 75 percent of the […]
Conseco rebuffed in insurance challenge
Conseco Inc. just wants its $10 million back. But federal judges keep saying no. The Carmel-based insurance company lost another round in court yesterday when the U.S. Court of Appeals for the Seventh Circuit affirmed that an insurance policy that Conseco once held cannot be applied to the $10 million Conseco paid in 2005 to […]
Bailing out Detroit carmakers
Executives of General Motors, Ford and Chrysler are optimistic about their chances of getting inexpensive federal
loans to help tide them through the credit crunch and sales downturn.
The discussions, which have come to light in recent weeks, have the execs…
Cassel as good a bet as Manning
The Indianapolis Colts are no better than the New England Patriots—even without quarterback Tom Brady.
That’s right, the Matt Cassel-led Patriots have just as good a chance as the Peyton Manning-led Colts to win…
U.S. premiere to launch Heartland
Heartland Truly Moving Pictures announced today that its Opening Night Event, Oct. 16, will feature the North American premiere of the Miramax film “The Boy in the Striped Pajamas.”
Actor David Thewlis (best known from the Harry Potter films),…
Buggs Temple restaurant closing
Tavern at the Temple restaurant at 11th Street and the Central Canal in Buggs Temple will close for good on Wednesday. Creation Cafe, a casual restaurant and…
Tharp, true cabaret at ACT, etc.
Time to empty the notebook with some quick items.
–It was announced today that Indiana’s own Twyla Tharp will be the recipient of a Kennedy Center Honors this year. She’ll be joined by Morgan Freeman, Barbra Streisand, George Jones, Pete Townshend…
Sour market slows Penn Arts work
Developer Christopher Piazza says “difficult market conditions” have led to a delay for his $3-million renovation of the Penn Arts building at 16th and Pennsylvania…
Emmis targets minority listeners
Indianapolis-based radio and magazine company Emmis Communications Corp. has formed a partnership to broadcast ethnic programming to Indian, Pakistani and other South Asian communities in Chicago, Los Angeles and New York. The partner, New York-based WorldBand Media LLC, will send its programming over Emmis’ high-definition radio bandwidth, Emmis said today. The signals are expected to […]
Getting Hoosiers through college
The Indiana Commission on Higher Education rolled out an ambitious goal yesterday â?? to increase the number
of graduates from state-supported colleges and universities by a third within four years.
Indiana isnâ??t plagued by too few high school grads…
Duno tops Danica in laps led
So who led more laps during this Indy Racing League season; Danica Patrick or Milka Duno?
Well, if you chose Milka Duno, you are right on. On lap 141 of Sunday’s race at Chicagoland, during…
Warner Bodies expands in Noblesville
Noblesville-based truck body maker Warner Bodies Inc. has added 30,000 square feet of production space following its January acquisition of Metro Products in Indianapolis. The $850,000 deal included the food processing, chemical and pharmaceutical equipment Metro made through its Langsenkamp division. Warner is adding 15 employees to its existing roster of 80.
Hurricanes prompt firm to boost food production
AmeriQual Group LLC, an Evansville company that makes ready-to-eat meals for the military and vending machines, plans to hire 400 temporary workers due to rising demand from hurricane-stricken areas. The positions are available in general production, warehousing and packaging, according to the Evansville Courier & Press.
Marketing Informatics sells print operation
Marketing Informatics LLC, an Indianapolis direct-marketing firm, has sold its printing unit to Indianapolis-based Printing Partners Inc. Marketing Informatics acquired the print operation, then called RPS Printing Inc., from Tom Bius three years ago. However, the print arm needed a big investment to bring capacity in line with Marketing Informatics’ needs, said founder and CEO […]
Clarian eyes Cardinal Health merger
Indianapolis-based hospital system Clarian Health is moving to bring Muncie-based Cardinal Health System, parent of Ball Memorial Hospital, into its fold by the end of the year. Directors of both hospital systems have voted unanimously to enter into a letter of intent and exclusive discussions, which could lead to a merger, according to a joint […]