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IU nets $21 million from Adidas deal

April 30, 2008

Indiana University today signed an eight-year deal with Adidas that will net the school’s athletic department $21 million in cash and products over the course of the agreement.

Portland, Ore.-based Adidas will supply footwear…

Greetings from New York I

April 30, 2008

The line is short at the temporary TKTS half-price ticket booth (although just about everyting is available), every third non-tourist woman seems to want to be Tina Fey, and Central Park looks great. Wish you were all here.

I’m blogging from…

Boone incomes edging Hamilton

April 30, 2008

Hamilton County is where the wealth is, followed by Boone County, right?

Not necessarily, anymore.

The average person in Boone County now makes more money than the average person next door in Hamilton County.

In an upcoming column in IBJ, Morton Marcus, who…

Polian looks for wrestlers, pitchers

April 30, 2008

While a lot of National Football League presidents and general managers are looking closely at college prospects’ football pedigree, Indianapolis Colts President Bill Polian takes his background check a step further. Sure, Polian wants to know…

UPDATE: Sommer Barnard approves merger

April 29, 2008

The 64 partners of Sommer Barnard PC unanimously voted today to approve the firm’s merger with Cincinnati-based Taft Stettinius & Hollister LLP. The vote means Taft Stettinius & Hollister will absorb Sommer Barnard on May 1, meaning Indianapolis will lose one of its largest law firms. Sommer Barnard was founded in 1969 and has 103 […]

UPDATE: Wabash National stock dives

April 29, 2008

Shares of Wabash National Corp. plummeted 15 percent today after the Lafayette-based truck-trailer manufacturer reported more red ink than analysts expected. The stock fell $1.50, to $8.50, by mid-afternoon. Wabash said it lost $6.4 million in the first quarter, a reversal from a $1 million profit a year earlier. The loss amounted to 21 cents […]

TV ratings up for Sunday’s IRL race

April 29, 2008

The good news for the Indy Racing League keeps rolling in. On the heels of a significant attendance increase at the April 27 race at Kansas Speedway over last year’s event, series officials are now reporting that television ratings also…

Obama, Clinton neck-and-neck, poll shows

April 29, 2008

Democratic presidential hopefuls Barack Obama and Hillary Clinton are locked in a virtual dead heat in Indiana, according to the latest Howey-Gauge Poll. Hoosiers favor Obama over Clinton by the slim margin of 47 percent to 45 percent. In the race for governor, Democrat Jill Long Thompson holds a commanding lead of 45 percent to […]

What outsiders think

April 29, 2008

Conner Prairie landed its own four-page section in the current issue of Smithsonian magazine and, of course, the powers that be at the rustic landmark are thrilled.

In a press release, Brenda Myers, executive director of the Hamilton County Convention…

Daylight-saving time a hit for Tribe

April 29, 2008

The Indianapolis Indians are just 321 fans short of drawing 7 million fans to Victory Field, which opened mid-summer 1996.

The team plans to celebrate the milestone tonight when the Tribe plays the Columbus Clippers….

Simon funds, same-store sales rise

April 29, 2008

Simon Property Group today reported that funds from operations, a common measure of real estate investment trusts like the Indianapolis-based shopping mall giant, rose 7 percent in the first quarter. The $420 million amounted to $1.46 per share, slightly more than the $1.44 expected by analysts surveyed by Thomson Financial. Net income fell 10.7 percent, […]

Exports, price increases fuel Dow Agro profit

April 29, 2008

Dow AgroSciences, the Indianapolis-based agricultural arm of Dow Chemical Co., saw profit leap to $331 million in the first quarter from $282 million a year earlier due to internal growth and acquisitions. Sales increased 27 percent, to $1.3 billion, on price increases averaging 11 percent across its global footprint, particularly in Europe and Latin America. […]

Brightpoint buys British wireless company

April 29, 2008

Brightpoint Great Britain Ltd., a unit of Plainfield-based Brightpoint Inc., has bought the wireless distribution business of Hugh Symons Group Ltd. for $586,000. Hugh Symons also will receive up to an additional $7.2 million if it reaches certain performance goals over the next three years. The acquisition gives Brightpoint a long-desired entry into the United Kingdom. […]

Wabash National swings to loss

April 29, 2008

Truck trailer manufacturer Wabash National Corp. reported a $6.4 million loss in its first quarter, down from a $1 million profit a year earlier. The loss amounted to 21 cents a share, more than the 14-cent loss anticipated by analysts surveyed by Thomson Financial. New trailer sales plummeted 43 percent, to 6,300 units, in the […]

Interactive Intelligence profit drops, sales rise

April 29, 2008

Profit at Indianapolis-based Interactive Intelligence Inc. fell 36 percent, to $1.1 million, in the first quarter due to timing of taxes on its earnings. However, the developer of business communications software saw operating income climb to $1.5 million in the quarter ended March 31 from $1.4 million a year earlier. The income was driven by […]

Big cold-storage warehouse on tap in Lebanon

April 29, 2008

United States Cold Storage Inc., a Voorhees, N.J., company specializing in logistics for refrigerated and frozen food, is considering building a warehouse in Lebanon. The $50 million warehouse eventually could be as large as 423,000 square feet, according to The Lebanon Reporter. It would be built on 59 acres in Lebanon Business Park. Duke Realty […]

Sommer Barnard merging into Cincinnati firm

April 29, 2008

Indianapolis will lose one of its largest law firms May 1 when the Cincinnati-based Taft Stettinius & Hollister LLP absorbs Sommer Barnard PC. Neither firm would confirm or deny the deal, but several sources in the local legal community say the deal will be announced today. When reached by phone, Taft Stettinius Managing Partner Thomas […]

Dome demolition details announced

April 28, 2008

The signs of the 25-year-old RCA Dome are coming down next week. The building which helped lure the Indianapolis Colts here from Baltimore will follow. 

The Indiana Stadium and Convention Building Authority this afternoon announced detailed plans for demolishing the RCA Dome…

Herrod scores for Special Olympics

April 28, 2008

Jeff Herrod said all it took was a head-first dive into freezing cold water to wake him up to the importance of the Special Olympics here in Indiana. 

The Former Indianapolis Colts linebacker will host a silent auction…

Old National profit, stock price soar

April 28, 2008

Shares of Old National Bancorp shot up more than 8 percent this morning after the Evansville bank reported that first-quarter profit increased 81 percent. Old National said it earned $19.3 million, or 29 cents per share – more than double the 14 cents expected by analysts surveyed by Thomson Financial. The bank, which has several […]

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