IRL drafts off NASCAR
Indianapolis Motor Speedway President Tony George’s open-wheel racing enterprise has gotten a boost from its fendered brethren that few outside racing circles are aware of.
So powerful is the connection between NASCAR and the…
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Pike/Warren add to touring choices
In the previous blog, I listed the upcoming schedule for the Clowes Presents series. Well, Clowes Hall isn’t our town’s only presenter of across-the-arts-spectrum one-night-only touring talent.
Here are the 2008-2009 shows coming to town courtesy of the Pike Performing…
Clowes announces schedule
Some arts organizations create. Others present.
As to the latter, what Clowes Hall brings to town helps define the Indy arts season. So what do you think of this year’s “Clowes Presents” lineup?
Loudon Wainwright III and Leo Kottke (Sept. 27)
Hubbard Street Dance…
Updating disabilities regulations
Eighteen years have passed since the Americans with Disabilities Act opened doors for people who hadnâ??t been
able to participate in much of American society â?? and brought a corresponding flood of construction costs
and lawsuits.
Now the Justice Department is…
DynAmerica closing Muncie plant
The devastated auto market and lender pressure are forcing the closure of the 105-worker DynAmerica Manufacturing LLC auto parts plant in Muncie, according to The Star Press. The Muncie-based company, which makes seat belt parts, was acquired by Chicago private equity firm TMB Industries in 2005. It sought bankruptcy protection on July 18. The Muncie […]
Irwin to sell home equity loans for $1B
Columbus-based Irwin Financial Corp. said late yesterday that it has struck a deal to sell $1 billion of home equity loans to a New York firm and to securitize an additional block of loans with the same firm. The moves are part of a restructuring that refocuses the bank on small-business and branch-based customers. The […]
Jeffersonville mulls $100M downtown project
A new study recommends that the southern Indiana city of Jeffersonville build a $100 million hotel and convention center complex to help revitalize its downtown. The project should be financed with public and private funds and include 125,000 square feet for the convention center, 275 hotel rooms and a 1,000-vehicle parking garage, the News and […]
Vectren unit to make electricity from landfill gas
Energy Systems Group, an arm of Evansville-based utility Vectren Corp., said today it plans to use gas from a southwestern Indiana landfill to power an electrical generator. The company is tapping gas from Veolia ES Blackfood Landfill near Winslow with the aim of generating 1.6 megawatts initially and building to 3.2 million megawatts – enough […]
Man arrested for offering bogus investments
Indianapolis police have arrested an Indianapolis man for allegedly operating a Ponzi scheme. Phillip Moore faces 36 felony counts for guaranteeing high rates of return on loans over short time periods, and then not paying out the returns or writing checks that bounced. Working through a business called Moore Business Group, Moore promised a 20-percent […]
Indians hit home run with sponsors
At a time when many professional sports teams and properties are seeing their revenue drop in the wake of a rocky economy, the Indianapolis Indians this year have seen a nearly 18 percent…
Children’s Museum plans $15.7M expansion
The world’s largest children’s museum is about to get bigger. The Children’s Museum of Indianapolis has filed plans to build a $15.7 million expansion that will add 37,500 square feet of space including a new welcome center, bus driveway and bike port. The project is slated to begin in the next few months and finish […]
UPDATE: Lilly execs questioned about future
Second-quarter sales and profits rose by double digits for Eli Lilly and Co., but overhead increased just as fast as the company worked feverishly to find new revenue sources before key patents expire. Investors yawned today after the Indianapolis-based drugmaker met Wall Street expectations of 99 cents per share. Lilly shares inched up 68 cents, […]
Jackets required for grand opening
Fear not. If you didn’t get your free ticket to tour the Indianapolis Colts’ new home venue, there’s still a way to get a sneak peak—at a steep price. And this event is…
Ads infiltrate fringe fest
One of the core ideas behind most fringe theater festivals is that anyone can sign up to perform. If you get your application in early enough–and pay the nominal sign-up fee–your show is part of the event.
As demonstrated by the…
Dow AgroSciences profit, sales hit records
Rising prices and strong demand around the world fueled record profit and sales for Dow AgroSciences in the second quarter. Dow AgroSciences, the Indianapolis-based agricultural arm of Dow Chemical Co. Inc. of Midland, Mich., reported $1.4 billion in sales, a 25-percent increase from a year earlier. Profit soared to $335 million from $208 million. The […]
Schellinger looks back
The Democratic primary race between presidential candidates Hillary Clinton and winner Barack Obama attracted
so much attention that the Indiana governorâ??s race got short shrift â?? and the governorâ??s race still isnâ??t
getting the respect it deserves.
Thatâ??s how Jim Schellinger…
UPDATE: Davis Homes chief to start again
The collapse of Davis Homes doesn’t mean the Davis family will stop building houses altogether in the Indianapolis area. Davis Homes CEO Brad Davis said today he plans to begin building custom and semi-custom houses before the end of the year. Davis said he plans to start on his native north side by tapping relationships […]
Fed says economy was sluggish in June
The Chicago region experienced a sluggish economy last month, according to the latest Beige Book report by the Federal Reserve Bank of Chicago. Mixed consumer spending was influenced by federal tax rebates and increased retail discounting as well as by slowing auto sales. Tourism and agriculture was hurt by wet weather, and discretionary spending on […]
UPDATE: Investors cheer WellPoint earnings
Wall Street rejoiced today after WellPoint Inc. posted second-quarter profit that exceeded analysts’ estimates. Investors bid up shares of the Indianapolis-based health insurer as much as 9 percent. As of late this morning, the stock traded at $52.06, up 6.8 percent. WellPoint stock rose along with broader markets, which surged as the price of crude […]