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The Federal Reserve saved the day, right? That’s what everyone is telling me. The Bear Sterns bailout in the middle of March put the bottom on this market, and while it may not be sunny skies right away, the worst is without a doubt behind us. If the middle of March was the beginning of a bull market, then pigs really do fly! Sometimes the stock market takes on the tone of a battlefield. A lot of noise and confusion…
May is show time for 500 Festival Inc., and the local not-for-profit should have more than enough gas in its tank to cross
the 2008 finish line. In the past five years, it has doubled its budget, improved attendance–and quality–at its signature
parade, and continued to grow the nation’s largest half-marathon. But once the checkered flag flies, festival leaders will
sit down to consider whether they can maintain that pace without losing focus.
Like most of the rest of the sporting world and to some extent beyond, I had awakened on that Sunday morning to the delightful news that, overnight in faraway Japan, Patrick had broken through to secure her first Indy Racing League victory in 50 tries. She now is something more than a pretty face and, to some, a sexual object who also just happened to drive race cars. She is a champion. Now this isn’t, as one gearhead suggested, along…
All Indiana counties revised property tax bills as a result of an outcry by thousands of homeowners who fought back when they saw their 2007 tax reassessments and bills. Assessors had to go back to work and try again. So, they did. The new bills are out, and while it may be good news for homeowners, you can bet commercial property owners aren’t turning cartwheels in the parking lot. The average assessment for commercial properties (where you shop, work and…
The effect of Danica Patrick’s victory is being felt from Japan to Kansas.
A measurable surge in ticket demand for today’s Indy Racing League’s race near Kansas City, Kansas pushed the event near its…
Connecticut-based Centerplate Inc. has purchased the Crystal Catering contract for the NCAA headquarters from Florida-based Sun Capital Partners. The contract was announced this afternoon along with four other contracts reported earlier today by IBJ. The four contracts cover food service at the Indiana Convention Center, Indianapolis Zoo, Indiana State Museum and Murat Theatre, and are […]
It wasnâ??t so long ago that the thought of Indiana and Purdue universitiesâ?? doing anything of consequence
together was a nonstarter.
Then they began working on economic development together, and later life science projects.
But the person who dreamed up Indianaâ??s first…
A U.S. bankruptcy judge has scheduled an April 28 emergency hearing over Premier Properties USA Inc.’s refusal to turn over records
concerning its retail properties including Metropolis mall in Plainfield.
An attempt to improve efficiency of train maintenance has prompted Amtrak to relocate 80 positions away from its long-time maintenance hub in Beech Grove. Fifty-three positions specializing in wheels will be moved to Chicago and 27positions with locomotives will go to Wilmington, Del., said spokesman Marc Magliari. After the restructuring, 475 workers will remain at […]
Unspecified issues with the kitchen staff have delayed the change in ownership of The Glass Chimney and Deeter’s, said James Roudebush, one of the three buyers in talks with restaurant owner Dieter Puska. “I’d say the deal is a little wobbly,” Roudebush said, but declined to explain the issues with the workers in the kitchen. […]
The leader of Indianapolis’ bid to host the 2012 Super Bowl is more optimistic than ever about the city’s chances after a meeting yesterday with NFL officials that lasted more than five hours. League officials seemed to like the direction the city is taking with the more creative aspects of the bid, including a pedestrian-zone […]
Sony Corp. of America’s $260 million acquisition of Emeryville, Calif.-based Gracenote Inc. this week may seem like a Pacific Rim deal. But it has some Hoosier DNA. Indiana technology entrepreneur Scott Jones acquired Gracenote in 1998 and placed it under his Escient Technologies LLC umbrella of companies. Escient attempted to develop a series of consumer […]
Bristol-Myers Squibb Co. said today it is planning an initial public offering for its Evansville-based baby formula division, Mead Johnson Nutritionals. The New York pharmaceutical giant would sell no more than 20 percent of Mead Johnson, however, retaining an equity interest of at least 80 percent. A registration statement is to be filed by the […]
After negotiating a $19 million settlement with Illinois-based Southfield Corp., class-action attorneys are pressing ahead with claims against three other concrete companies accused of price fixing that so far have not agreed to a deal. The civil case is an outgrowth of a U.S. Department of Justice investigation several years ago that found local concrete […]
The Gary/Chicago International Airport Authority Board has approved temporarily leasing 50 acres of the airport’s designated foreign trade zone to Gary’s Chase Street Industrial Center, according to The Times of Munster. The Center has applied for a foreign trade zone designation from the federal government on behalf of a tenant. The process can take two […]
Indianapolis-based Duke Realty Corp. reported it spent $89.5 million on development and $28 million on acquisitions in the first quarter, down from a total of $137.1 million in the same period last year. About $43 million of the newly developed property will be added to the company’s rental inventory. The rest will be sold. The […]
Scott Skiles is apparently a big fan of Indiana University’s former basketball coach Kelvin Sampson.
Sources close to both said Skiles, who has a house in Bloomington where Sampson used to work, is urging the…
In June, the Indianapolis Museum of Art will be showcasing the 120-foot-long scroll on which Jack Kerouac wrote his landmark work “On the Road.” My question: Is the scroll itself art or artifact?
The scroll
Indianapolis Star sports reporter Mark Montieth has covered his last Indiana Pacers game for the paper he dreamed about working for since he was a young child.
Effective at the end of today, Montieth,…
Citation Corp. said today it will close its aluminum molding foundry in the northeast Indiana town of Butler, costing 138 workers their jobs. The Novi, Mich., company said the closing, which begins in May, will allow it to focus on its ductile iron and die casting businesses. It also operates in Alabama, North Carolina and […]
