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A California dry cleaning company whose own financial viability is in doubt has submitted the high bid in U.S. District Bankruptcy Court in Delaware to buy 23 Tuchman Cleaners stores in the Indianapolis area. Newport Beach-based US Dry Cleaning Corp. reported a negative cash flow of $4.8 million in the nine months ended June 30 […]
Brightpoint Inc. executives in recent days have scooped up tens of thousands of shares of company stock, a move that suggests they believe the battered shares have become a bargain. At the time of the purchases, the stock was off more than 50 percent for the year. Disclosures of the purchases this week gave Brightpoint […]
The former Paul C. Stetson School northeast of Fall Creek Parkway and College Avenue could soon find new life as a 47-unit senior apartment complex….
Maple Leaf Farms, one of the nation’s largest duck producers, has sold a production location in Wisconsin due to high feed costs. The company, headquartered near the northern Indiana town of Milford, partly compensated for the downsizing by stepping up production at its home plant. Maple Leaf is in its third generation of family ownership […]
Indianapolis-based WellPoint Inc. said today it has hired a new chief accounting officer and appointed its acting chief information officer to the position on a long-term basis. Martin Miller, 46, will join WellPoint as chief accounting officer on Sept. 15 after working as global controller for Molson Coors Brewing Co. He also will be senior […]
Several Indiana schools made U.S. News & World Report’s latest annual university rankings, which was released today. The most impressive rankings go to the University of Notre Dame, which came in 18th in the overall ratings, and to Purdue University’s undergraduate engineering program with a doctoral track, which tied for ninth in the nation. Other […]
Marvin Harrison is a football superstar, but he sure isn’t a commercial superstar. Harrison had a deal with Degree antiperspirant in the late 1990s and another with the Got Milk campaign following the…
David Amram (recently seen here in town at the opening of the Indianapolis Museum of Art’s Kerouac/Frank exhibition) has been named Composer in Residence for the Democratic National Convention. See full story here.
The story reports that Amram, who has…
The European Commission has approved Cymbalta, the anxiety drug developed by Eli Lilly and Co. The thumbs-up came from the commission’s European Medicine Agency Committee for Medicinal Products for Human Use, the Indianapolis company said today. The approval opens markets in 27 European Union nations as well as Iceland, Liechtenstein and Norway. Lilly estimates nine […]
Kokomo Sanitary Pottery, a toilet maker that has operated in the city north of Indianapolis since 1932, will close in November due to high costs, according to the Kokomo Tribune. The company, owned by Gerber Plumbing Fixtures LLC, which is based in the Chicago suburb of Woodridge, laid off 125 hourly employees last October, leaving […]
NASCAR driver Tony Stewart is having a pretty bad week. During the same week Stewart was docked 150 points for his team’s efforts to mask his car’s true horsepower at a recent Nationwide…
Ron Rosenbaum at Slate.com seems think so.
“What always gets to me,” he writes, “is the self-congratulatory assumption on the part of puzzle people that their addiction to the useless habit somehow proves they are smarter or more literate than the…
EnerDel Inc.’s $100 million expansion, one of the biggest in the state this year, earmarks 277 of the 850 new positions for the Indianapolis area. The lithium-ion battery company announced this morning that it will add 217 jobs to the 100 positions at its headquarters at 8740 Hague Road on the far northeast side of […]
EnerDel, the Indianapolis company that’s developing lithium ion batteries for cars, plans to create 850 jobs across the state by 2012, Gov. Mitch Daniels announced today. Some of the jobs will be at the company’s headquarters on the northeast side of Indianapolis. Other positions will be located in Noblesville and the rest will be at […]
The Indianapolis law firm socked by an $18 million jury verdict two years ago over the collapse of a health insurance trust has appealed to the state’s highest court. If Fillenwarth Dennerline Grothe & Towe can escape the verdict, the firm might be relieved of an agreement it struck with the Indiana Department of Insurance […]
Indianapolis Indians outfielder Andrew McCutchen is included in a baseball prospects feature in this week’s Sports Illustrated. The print version includes a photo of him shot by team photographer Bill Gentry.
SI…
Workers were trying to figure out what to do next after the city’s compliance department issued a stop-work order this morning on the new Buffalo Wild Wings. The order threatens a $2,500 fine for any company or individual found in…
The Bob & Tom Show, the long-running morning radio show, will be shown on the WGN America network beginning Nov. 3, the show said today. WGN will broadcast highlights of the radio show from midnight to 1 a.m. Eastern Time. Locally, the program is being carried on WTTV-TV Channel 4. The show, which features comedy […]
A positive sign on the local arts scene (and we certainly could use those), is the launching of more professional arts organizations. Community theater is fine, but the more paying work there is for actors, directors, and designers, the better…
Tipton County officials have unanimously approved leasing Tipton County Hospital to Indianapolis-based Clarian Health for 35 years. Clarian has managed the hospital for 10 years in a relationship that feeds patients to the sprawling Clarian system and, for Tipton, offers medical expertise and muscle to negotiate with insurers. Under the agreement, the county will continue […]
