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Chemtura Corp., the company resulting from Crompton Corp.’s 2005 acquisition of Great Lakes Chemical Corp., plans to remain independent. The Middlebury, Conn.-based chemical maker announced last week that a review by Wall Street firm Merrill Lynch & Co. concluded a sale would bring too low of a price. Chemtura said it also considered a merger […]
Another departure at Indiana University, another golden parachute. IU released information today revealing that athletic director Rick Greenspan will get a $441,600 severance package upon his departure and retains the right to write…
Today’s Variety quotes a study stating that the average age of TV network viewers–at least, those viewing shows live and not on DVR–is now 50. That’s the highest it’s ever been.
CBS has the oldest average age viewer, at 54. The…
Unification of open-wheel racing is causing quite a stir among engine manufacturers. At a June 25 meeting held by the Indy Racing League, more than 10 engine builders showed up to hear about…
So did you visit the “On the Road” scroll at the IMA? Swing to “Swing” at American Cabaret Theatre? Try to understand the great Joe Cocker at Verizon Wireless Music Center?
Let us know what A&E you experienced this weekend.
For me, much…
Weâ??ve reached the season when companies start lining up employee health care coverage for the following year.
Like prior years, companies will complain about skyrocketing costs and workers will complain about getting
fewer benefits. Study after study suggests both parties will…
Indiana University’s former economic development chief, Mark Long, shepherded dozens of scientists and entrepreneurs as they started businesses. Now he’s launched one of his own. This month, Long formed the consultancy Long Performance Advisors Inc. Based in Greenwood, it’s a platform for him to share his expertise in business formation and incubation. Long plans to help startups patent their intellectual property, write their business plans, and sharpen their proposals for federal money. In short, all the things he used to…
Herb Simon is taking a new hands-on approach
with the Indiana Pacers, which he co-owns with his brother, Melvin. In response to a string of losing seasons and off-court
mishaps involving players, Simon is transforming himself from a behind-the-scenes owner into a visible figure intent on reconnecting
the franchise with the community that once adored it.
“What should I teach my 5-year-old about finance?” a client asked. I responded: “Teach him that finance is fun.” Investment finance is neither complicated nor intimidating and, like a foreign language, the earlier the learning, the better the result. Thanks to a smart and active parent, I learned early, over the dinner table, or in the car. For example, my mother took me for a drive on the new highway near our home, and said: “When this building program started,…
Marketing firm owner Lorraine Ball knows how to promote a business-a valuable commodity among cashstrapped entrepreneurs looking to bolster their bottom lines. So it’s little wonder that she is able to trade her expertise for services she needs, whether it’s help with an online video or time with a personal trainer. Ball is among a growing group of small-business owners embracing the age-old barter system, methaphorically scratching one another’s backs to save on cash and credit. Although Ball prefers to…
In the late 1980s, Lafayette native Robert Meitus set off for Los Angeles with his band East of Eden in an attempt to make it in the music business. The group that shared management with Guns N’ Roses [singer Axl Rose grew up in Lafayette] never reached a sliver of its fame, however fleeting. But the experience did give Meitus an introduction to what ultimately would lead to a burgeoning career as an intellectual property lawyer. Capital Records came calling,…
The U.S. health care policy debate has been strangely quiet the past few months. But the underlying problems grow ever more serious. Here’s some background. First, health care costs are rising rapidly. A huge amount of the increase stems from greater demand for the most costly services. These services include advanced end-of-life care, much more extensive neonatal care, and high-end elective surgery. Higher use of these services represents perhaps the largest single contributor to overall health care costs. Second, we…
Steak n Shake needs healing Biglari deserves turnaround shot It appears the battle is over at Steak n Shake, where the table is set for new board Chairman Sardar Biglari to overhaul everything from the executive roster to items on the menu in his quest to revive the struggling restaurant company. Longtime stewards of the venerable hamburger chain are no doubt upset that Biglari, a 30-yearold upstart investor from San Antonio, is calling the shots, but he won control fair…
Curt Simic has spent 31 years as a student and in various positions at Indiana University. That’s nearly half his life devoted to the Bloomington campus. So it’s no surprise that Simic, 66, views his retirement as president of the IU Foundation-his most recent post and one he’s held the past 20 years-with mixed emotions. While he’s looking forward to having time to go bike riding-as a student in the early 1960s, Simic competed in the school’s Little 500 Bicycle…
A Maryland company has taken ownership of downtown’s 28-story M&I Plaza just three months before a major tenant departure
leaves the skyscraper 70-percent vacant. The new owner is CapitalSource Inc., a commercial finance and investment firm based
in Chevy Chase, Md. It had been a lender to the former owner, which defaulted.
In this column, I usually write about content, not containers; arts software, not the hardware; the creative stuff, not the bricks and mortar. But in the case of the drive-in movie, context is everything. The specifics of what’s on screen aren’t nearly as important as where you are. The magic is in the air, not the flickering images. And it’s been that way for 75 years this month. On June 6, 1933, the first drivein theater opened in Camden, N.J….
No doubt, the Daniels administration will trumpet the fact that Indiana was the ninth-fastestgrowing state in the first quarter of this year. That’s right; personal income in the Hoosier state grew at an annual rate of 5.1 percent, while the nation advanced 4.6 percent. But, as noted by the U.S. Bureau of Economic Analysis, which generates these data, Indiana was among the fastergrowing states because of dramatic increases in the prices of corn and soybeans. North Dakota came in first,…
One of our sister Midwestern cities is locked in a fight for its corporate identity. A n h e u s e r- B u s c h , maker and distributor of Budweiser brand beers-and the corporate icon of St. Louis-is engaged in a $46.3 billion takeover battle for its survival as a U.S.-based company. The would-be acquirer is Belgium-based InBev, the second-largest brewer by volume in the world. London-based SABMiller, who in 2002 bought Miller Brewing in Milwaukee,…
Every December, my wife and daughters ask the inevitable question, “What do you want for Christmas?” I always reply, “world peace.” Otherwise, I’ve been blessed with an abundance of stuff. No sense adding to the pile. But this past December, I actually got something that transcended a want. It was a need. Golf lessons. Like, from a pro. I’ve been chasing the little white pill around the pasture for 40 years. I’m selftaught and it shows. I picked up a…
Facebook and MySpace have harnessed the Internet to revolutionize how Americans keep in touch. Could providers of health care do the same? Indianapolis-based Community Health Network is trying to find out. It has opened its Web site to allow its patients to create their own MySpace-like pages to keep their family and friends informed about their treatment or about their new baby. Community’s Web site also hosts discussion forums for various groups of patients, such as new moms, cancer patients,…
