Premier Properties to be liquidated
A judge reclassified the bankruptcy status of Premier Properties USA today,
clearing the way for a U.S. trustee to take hold of the company and begin selling its assets.
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Pacers sell $6 tickets
The Indiana Pacers today began offering season tickets for about $6 per game. That’s one of the lowest ticket prices in the National Basketball Association. The cost is cheaper if you figure in preseason games, which are included in the…
Shoe Carnival upgraded despite profit setback
A Soleil Securities analyst upgraded the stock of Evansville-based Shoe Carnival Inc. today despite a lackluster earnings report from the company yesterday. Jeffrey Stein, who declined to discuss his reasoning, moved the retailer to “Hold” from “Sell.” Shoe Carnival said net profit in its fiscal first quarter ended May 3 plummeted nearly 35 percent, to […]
Indy Star loses another sports vet
The Indianapolis Star is about to lose its third sports department veteran since April.
Star Sports Editor Jim Lefko announced this week that assistant sports editor Pat McKee will depart the state’s largest daily…
Bigger names at Indiana casinos
It seems like Indiana’s casinos are starting to step up when it comes to consistent summer showroom entertainment. Now it’s just a matter of figuring out how to…
Maker of personal care products to expand
Canada-based KIK Custom Products plans to spend $7 million to expand its operations in Elkhart and create 190 jobs, according to the South Bend Tribune. The company makes personal care and household products for companies like Gillette, Johnson & Johnson and L’Oreal. KIK employs 700 in Elkhart and will begin hiring mechanics, forklift drivers and […]
Conseco rejects investors’ overture
Conseco Inc. rejected a proposal by activist investor Steel Partners II LP to acquire up to 22 percent of the company’s shares, according to a letter from Conseco CEO Jim Prieur. Prieur told New York-based Steel Partners that allowing it to amass such a large stake would limit Conseco’s ability to repurchase its own shares. […]
Local restaurants land at airport
Top-name Indianapolis restaurants including Shapiro’s Deli, Harry & Izzy’s, Scholar’s Inn and Slippery Noodle Inn could land restaurants at the new…
Big Ten shoots for corporate deals
The Big Ten Conference recently hired Dallas-based Learfield Sports to bring in more revenue from sponsorships, hospitality and other corporate initiatives.
Big Ten and Learfield Sports officials announced they have signed a pact where Learfield will develop an exclusive corporate partner…
Steak n Shake shares hit 52-week low
A dissident group of investors in The Steak n Shake Co. continues to add to its stake in the locally based restaurant chain even as share prices sink to new lows. Steak n Shake stock hit a 52-week low of $6.51 per share yesterday, down from more than $15 at this time last year. The […]
$5 gas could become sign of the times
Drivers are still wincing from their brush with $4 gas this month, but some station operators already are getting ready in case prices rise to $5 per gallon. A company that makes gas station signs has begun to field orders for plastic signs with the number “5” printed on them. Operators, who just months ago […]
Attorney charged with stealing investment
Bloomington attorney Phillip Chamberlain was arrested last night and charged with five felony counts for allegedly stealing money from a client instead of investing the money in a golf course project and building a house in Lawrence County. Indiana Secretary of State Todd Rokita said today Chamberlain offered to invest the money as an alternative […]
IU, Purdue land prestigious research grant
Indiana and Purdue universities will create a new medical research program after receiving a $25 million grant from the National Institutes of Health, the universities announced today. IU and Purdue will launch the Indiana Clinical and Translational Sciences Institute to turn scientific and medical discoveries more quickly into better care for patients and into new […]
IRL has new problem, new race
The Indy Racing League has a new problem.
Too many cars.
Twenty-seven car-driver combos are expected to show up for this weekend’s Milwaukee Mile. The problem is, the short oval only has room for 26…
Concerts: the great outdoors?
This week, Sheryl Crow launches the season for the Lawn at White River State Park and Eric Clapton plays Verizon Wireless Music Center.
It seems an appropriate time for you to offer what you see as the pros and cons of…
WellPoint exec retiring, reorganization to follow
WellPoint Inc.’s top information technology officer will retire from the company July 1, prompting the health insurer to reorganize the business unit he led. Mark Boxer, WellPoint’s CEO of operations, technology and government services, is leaving for the University of Connecticut, where he will teach business courses and conduct health care policy research, according to […]
Lilly said to ‘regret’ delay in noose incident
Eli Lilly and Co.’s director of global security said in a company newsletter that he regrets that Lilly officials did not immediately report the discovery of an alleged noose hanging in a tree on its corporate campus in Indianapolis, according to a statement issued yesterday by a law firm that is suing Lilly for racial […]
Indy lawyer gets good news from China quake
The earthquake that devastated so much of southwestern China this month hit close to home for Baker & Daniels attorney Calvin Ding. Ding, who focuses on international law, has a 9-year-old cousin who was in a school leveled by the 8.0-magnitude quake. The school was in Dujiangyan, a city near the epicenter in Sichuan province. […]
Farm bill stranglehold
It isn’t easy providing tomatoes to the nation. Consider the ongoing struggle at Red Gold Inc. The state’s largest food processor, which is headquartered north of Anderson in Orestes, was all but locked out of buying tomatoes from Indiana growers under…
Pacers cool on IU’s Gordon
The Indiana Pacers won’t likely have a shot at Indiana’s Eric Gordon in next month’s National Basketball Association draft. Most hoops prognosticators project Gordon to go seventh or eighth in the June 26…