To refine your search through our archives use our Advanced Search
“As for the longer term, if these investment banks are experiencing this kind of pain in what is really not that turbulent of times, just wait a year. As I mentioned a few weeks ago, the seeds of the next bear market have been planted. It could take a while for the seeds to get going, but when they do, watch out!” I wrote the paragraph above on Aug. 13, 2007. The investment banks have been hammered since, and, as…
As motorists rush to buy antacid pills with each $4.25-a-gallon fill-up, the same car dealers who got pudgy five years ago selling SUVs with $6,000 profit margins are scrambling to profit from Aveos or anything else with decent mileage.
Nine former Noble Roman’s franchisees and a current operator have filed a lawsuit charging that the Indianapolis chain lied
to them about the costs and risks of opening one of its pizza and sub restaurants. The franchisees say the 1,000-restaurant
chain aggressively marketed its stand-alone, dual-brand Noble Roman’s and Tuscano’s Italian Style Subs restaurants without
testing the concept–a scheme they contend was designed to inflate the company’s stock price so owners could unload shares
at a profit.
Adam Herbert, who may go down as the sorriest presidential hire in the history of the Big Ten, is nowhere to be seen, those velvety crimson jumpsuits disappearing about the same time Sampson was shown the door. Certain members among the IU trustees-who so violated the trust part of their duties, first in hiring Herbert and then in bringing in Sampson-are not about to step up and take responsibility for their actions. I guess it will all come out some…
Identifying corporate villainy is a delightful pastime that virtually all of us have reveled in at some point or another. There are only two problems with this form of entertainment. A description of the first comes simply stated to us from the Gospel of John as “he who is without sin cast the first stone.” The second problem is a general lack of intellectual rigor in the debate. The heavily funded attacks on corporate America come primarily from organizations with…
Daniel H. Pink, in his intriguing new book, “A Whole New Mind: Moving from the Information Age to the Conceptual Age,” said, “The new era we are entering will be characterized by ‘right brain’ processes as opposed to the ‘left brain’ functioning of the more technical information age we’re exiting. These days, left-brain functioning is being done more efficiently and effectively by computers.” “Right-directed thinking,” as Pink calls it, is uniquely human and is about design and interpersonal relationship. My…
This week, China art at the Indianapolis Art Center. And a famous scroll finds itself in remarkable company at the Indianapolis Museum of Art. Anyone who has set foot into the Indianapolis Art Center has bumped into the name Fehsenfeld. It is, after all, half the moniker of the center’s Churchman-Fehsenfeld Gallery. And so I think some skepticism was to be expected when I heard that one of the two artistic worlds showcased in the Indianapolis Art Center’s “Two Worlds,…
“I heard the news,” Sorethroat says. “It’s a shame and a surprise. Funny how you think there’s always time and then there isn’t. I talked with him just a week ago and we discussed plans to have lunch.” “Same here,” I say. Sorethroat, my inside informant at state government, and I are on the steps of the Capitol. We’re reflecting on the life and death of Chuck Coffey, a good man and a good friend. “He worked in this building…
Between construction of the Indianapolis Airport’s midfield terminal and Lucas Oil Stadium, John Thompson’s companies have won $11.5 million in work. His plumbing and electrical supply distributorships, as well as his consulting and engineering firms, all at the corner of 22nd Street and College Avenue, collectively have grown annual revenue to $50 million. Such revenue growth would have been impossible for Thompson and scores of other minority and female business owners if not for projects that require their participation. “I…
Well-known names are bubbling to the top as speculation heats up about who will replace embattled Indiana University Athletic
Director Rick Greenspan and how much money the job will command. Greenspan announced June 26 that he’ll step down at the end
of the year. The decision came after the NCAA added to the list of charges facing IU’s men’s basketball program over rules
violations under former Coach Kelvin Sampson.
A trendy bar and an upscale hotel have agreed to anchor the 11-story Ralston Square project slated for South Street between
Meridian and Pennsylvania streets. The developers of the $60 million mixed-use project are moving forward after landing the
tenants necessary to secure a loan commitment, said Brian Epstein, president of locally based Urban Space Commercial Properties
and a partner on the project.
On June 18, CNN (www.cnn.com) had a story about a study in CyberPsychology and Behavior Journal (www.liebertpub.com) that examined how people use the Internet for personal use at work. It was supposed to be eye-opening, but it wasn’t to me. The study showed that managers who fret and make rules about Internet use by employees are probably using it themselves for the same purposes. Of course, no manager would ever let himself be seduced into wasting company time, would he?…
It was a long weekend. Surely you found some entertainment beyond the barbecue.
Like me, did you take the opportunity to visit with the Indianapolis Symphony Orchestra at Conner Prairie…on with the Sanders Family in “Smoke on the Mountain: Homecoming”…
Printing Partners Inc., one of the larger commercial printers in the Indianapolis area, has acquired Budget Direct Mail for a price the printing firm describes as greater than $500,000. The printing firm will use the direct mail acquisition to vertically integrate direct mail campaigns. The company now will be able to develop, produce and implement […]
Steve & Barry’s LLC, a clothing retail chain with stores in Washington Square and Lafayette Square malls, is considering closing 100 stores as it struggles to pay its debts, according to published reports this week. It isn’t clear how many stores would close, and whether any closings would sweep in the Indianapolis locations. In a […]
WellPoint Inc.’s main rival announced yesterday it would slash 4,000 jobs in order to save money as its profits sag. Will other health insurers follow the lead of Minnesota-based UnitedHealth Group? They have few other options to substantially reduce costs, said Les Funtleyder, a health care analyst at Miller Tabak & Co. in New York. […]
Yesterday’s story of an Indianapolis police officer and his wife being accused of running a prostitution ring
took an interesting turn this morning when Nuvo issued a release denying any connection to the alleged wrong-doing.
Lori Vernon-Lee has advertised in Nuvo for…
Indiana guard Eric Gordon took his show—which could easily be titled Midwest Manners and Sensibility—on the road to L.A. yesterday.
And while Gordon came across a bit timid, most of the crowd loved him.
Gordon…
Cooper Tire & Rubber Co., the Findlay, Ohio, tire manufacturer, plans to move a warehouse operation to Franklin from Dayton, Ohio. The 808,500-square-foot building will be located in Franklin Tech Park near I-65, and open in 2011 with 60 workers, according to the Daily Journal of Franklin. Cooper has asked for $275,000 in local tax breaks […]
The flooding that socked central and southern Indiana on June 7 created more than $100 million in damages to Cummins Inc., the Columbus diesel engine maker. Insurance will cover all costs but the deductible, the company told The Republic of Columbus. Most of the damage was confined to the Technical Center, and the research and […]
