The man who improved improv
Half my lifetime ago, I journeyed across the country from East Coast to West and found myself on my own for a few days in Los Angeles. Looking for some cheap entertainment, I picked up a $6 ticket to see…
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Allied Solutions buys Kansas City company
Carmel-based Allied Solutions LLC, which sells insurance, lending and market products to financial institutions, said today it has acquired a similar company headquartered in Kansas City, Mo., for an undisclosed price. The Kansas City company, MJB Insurance Services Inc., operates in Kansas, Missouri and Nebraska. MJB owner Mike Button is remaining with Allied Solutions as […]
Return Weir Cook to airport title?
Weir Cook has been dead a long time, since 1943, but a military veterans group wants to bring his name
back to what is now Indianapolis International Airport.
The war heroâ??s name was on the airport from 1944, a…
Fun with tax abatements
A couple of development projects that would include tax abatements are up for hearings Wednesday at the Metropolitan Development Commission:
Community Hospital of Indiana Inc. plans to spend $3.7 million updating and expanding…
Bloomington coupon company acquired
A private equity firm has bought the coupon redemption operations of Bloomington-based International Outsourcing Services for undisclosed terms. Los Angeles-based Marlin Equity Partners announced today it has formed a company, ProLogic Redemption Solutions, that will help retailers recover the value of coupons used in stores. Marlin said the new company’s headquarters will be in Los […]
Pricey appliances, electronics fuel Gregg profit
HHGregg Inc. said today that a 24-percent increase in net profit in its fourth fiscal quarter was driven by rising sales of big flat-screen televisions, high-end washing machines and refrigerators, and notebook computers. The Indianapolis-based appliance and electronics retailer reported a $10.3 million profit in the quarter ended March 31 on sales of $324.2 million, […]
IBJ Movie Night: Get Smart
Want to join IBJ for a screening of the new comedy “Get Smart,” starring Steve Carell and Anne Hathaway?
It’s happening June 17 at AMC College Park
For a pair of tickets, just take both of the following steps:
1. Post a comment…
Fisher races to get back on track
Sarah Fisher is speeding ahead with plans to do at least two more Indy Racing League races this season. Despite the defection of two main sponsors and a crash at last month’s Indianapolis 500, Fisher still thinks her team will…
What slowdown? Government keeps hiring
The sluggish economy has prompted businesses to pull back on hiring, but units of local government keep adding workers as if nothing has changed. In the Indianapolis area in April, local governments employed 2,200 more workers than the same month last year, according to the Indiana Department of Workforce Development. The growth to 79,100 workers […]
Rolling the dice in Indiana
A new electronic casino opens for business at Hoosier Park in Anderson today, and another at Indiana Downs in Shelbyville is set to open next week. The…
Boberschmidt appointed Premier trustee
Philip Boberschmidt of the downtown law firm of Boberschmidt and Powers has
been appointed trustee to oversee liquidation of Premier Properties USA – a task that begins today.
Sharper Image store to close
The Sharper Image Corp. store at the Fashion Mall at Keystone at the Crossing will close. The bankrupt company announced Sunday that it will shutter all of its remaining stores. Eighty-six stores will be liquidated. The company liquidated 96 of its stores following its February bankruptcy, which was blamed on a slow economy and tight […]
IRL wins again in Milwaukee
The Indy Racing League is continuing its popularity growth.
After a strong month of May in Indianapolis, the IRL saw a 30 percent attendance increase at its race yesterday in Milwaukee, to just more than 30,000.
While…
You-review-it Monday
I wish I had more to report from the weekend, but I was under the weather and didn’t get to take advantage of Indy’s offerings.
If nothing else, I had hoped to get out to The Jazz Kitchen for Sunday night’s…
Fortune closes on $32M line of credit
Indianapolis-based Fortune Industries Inc. has closed on a $32 million line of credit with the company’s majority shareholder, Carter Fortune. The credit line replaces one with Fifth Third Bank and is secured by most of the company’s assets. John Fisbeck, the company’s CEO, will personally guarantee up to half of the credit line. The company […]
Etiquette for high gas prices
It seems like more people are driving below the speed limit now that gas has become expensive.
Particularly on interstates, it isnâ??t uncommon to come upon congestion only to realize that somebody, for
no apparent reason, is puttering along and holding…
Cummins to furlough 125 diesel engine workers
Sluggish demand for Dodge Ram pickup trucks has prompted Cummins Inc. to announce plans to lay off 125 workers at its diesel engine plant in Walesboro, just south of Columbus, from June 8 to mid-August. Rising fuel prices are hurting Ram sales. In October, the Columbus-based diesel engine maker ended contracts with 90 temporary workers […]
ECONOMIC ANALYSIS: Sky-high gas prices are revving up the political rhetoric
From all the noise surrounding gasoline prices, you’d think nobody actually benefited from the high prices. But, of course, some folks do benefit. Let’s figure out who they might be. Obviously, consumers don’t benefit. The average car owner in the United States pays about $80 more per month with gas at $4 per gallon than he did back when it was $2.25. Not good news, of course, but hardly the end of the world. Folks who provide goods and services…
IU, Bloomington disagree over best sites for biz development
Indiana University and the city of Bloomington are at odds over how best to commercialize the university’s discoveries–or,
more specifically, where to commercialize them.
Commentary: The ‘Oracle of Omaha’-live! “Only know-nothings diversify.” -Warren Buffett, May 3, 2008
Last September, I instructed my retirement plan to purchase two of the very expensive Berkshire Hathaway (A) shares so I could attend the annual meeting of shareholders and participate in the numerous peripheral activities. Actually, I could have purchased just one share of the B stock for much less and still have been entitled to four credentials. Warren Buffett, one of the richest men in the world, and his partner, Charlie Munger, are retail hucksters. They have created the perception…