Monarch building new headquarters
Locally based Monarch Beverage Co. plans to transform a vacant drive-in theater in Lawrence into its new headquarters. The theater would be replaced with nearly 1 million square feet of new…
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MainGate signs deal with Rams
Indianapolis-based MainGate Inc. today announced it has signed an exclusive three-year deal to be the on-line merchandiser for the National Football League’s St. Louis Rams. Though terms of the deal were not disclosed,…
Western Indiana manufacturer to expand
West Terre Haute-based Marion Manufacturing said it plans to spend $2 million to expand its operations and more than double its work force by 2011. The woman-owned business provides machining services to heavy-equipment makers like Illinois-based Caterpillar, as well as automotive, aerospace, agriculture and medical clients. The company employs 35 and expects to hire another […]
Safeco to be acquired by Liberty Mutual
Liberty Mutual Group said Wednesday it has agreed to acquire publicly traded Safeco Corp. and take it private in an all-cash, $6.2 billion deal to create the nation’s fifth-largest property and casualty insurer. Boston-based Liberty Mutual and Seattle-based Safeco said the boards of both companies approved the deal, which is subject to approval by Safeco […]
BREAKING: Centerplate lands key catering contracts
The Indiana Convention Center, the Indianapolis Zoo, White River State Park and Murat Theatre have agreed to transfer their catering contracts to Connecticut-based Centerplate Inc., a move that clears the way for Centerplate to purchase locally based Crystal Catering. Crystal, central Indiana’s largest caterer, had held all those contracts. Jack and Dan Bayt founded Crystal […]
Centerplate secures key catering contracts
The Indiana Convention Center, the Indianapolis Zoo and White River State Park have agreed to transfer their catering contracts to Connecticut-based Centerplate Inc., a move that clears the way for Centerplate to purchase locally based Crystal Catering. Crystal, central Indiana’s largest caterer, had held all those contracts. Jack and Dan Bayt founded Crystal in 1987 […]
Republic severs ties with Frontier, shares fall
Shares of Republic Airways Holdings Inc. were down 10.7 percent this morning on news the locally based airline had severed ties with bankrupt Frontier Airlines. Shares were at $16.03 as of 11 a.m. Republic this morning said it would begin breaking away from Frontier due to the Denver-based airline’s recent decision to file for Chapter […]
Edgy musicals on the way
Old school musical purists, cover your eyes. A parade of new, irreverent musicals (some not yet officially announced) are on the way to Indy.
Some examples:
In the fall, Theatre on the Square not only will be offering the blood-spattered “Evil Dead:…
Marketers teach biz of school sports
The looming property tax crisis has Indiana high schools fearful that athletic department budgets could be the focus of future fiscal cuts.
Ray Compton, one central Indiana’s most successful—and unconventional—sports marketers has a plan…
UPDATE: Investors unfazed by WellPoint results
Shares of WellPoint Inc. were up slightly this morning, despite the company’s news that profit fell below expectations in the first quarter. Profit at WellPoint Inc. fell below the company’s already lowered expectations in the first quarter and company officials for a second time lowered their profit forecast for the year. The Indianapolis-based health insurer […]
Boston Scientific workers roiled in Spencer
Workers at Boston Scientific Corp.’s plant in the southern Indiana town of Spencer fear departments that manufacture catheters and stents might be moved to Costa Rica, but the Massachusetts company wouldn’t comment. Most workers leaving the plant yesterday wouldn’t discuss the changes with The Herald-Times of Bloomington, but some whose names weren’t disclosed said the […]
Reverse 911 parent acquired
PlantCML Inc., which bought Indianapolis-based Reverse 911 in May last year, itself has been acquired by EADS North America for $350 million. PlantCML, headquartered in Temecula, Calif., was owned by Golden Gate Capital, a private equity fund in San Francisco. EADS North America is based in Arlington, Va., and is an arm of aerospace and […]
Homebuyers remain upbeat about investments
Despite the national housing market’s slump, more than three-quarters of U.S. homebuyers remain confident their purchase was at least as good an investment as stocks. That’s according to a new survey released today by the Metropolitan Indianapolis Board of Realtors. “Real estate is a long-term investment. Don’t buy and expect to make a fortune in […]
Crean touts new IU facilities
New Indiana University basketball coach Tom Crean is convinced athletic facility improvements under way on the Bloomington campus will help the Hoosiers return to dominance.
Crean told a group of mayors from southern Indiana…
Charging employees to smoke
Whirlpool is struggling with its employees in Evansville as it tries to keep a lid on escalating health
care costs.
The company says it has caught a few dozen of them smoking. That wouldnâ??t be a problem had the…
Roundup: Bowling alley closing
Sport Bowl calling it quitsThe owners of Sport Bowl, a south-side institution for 67 years, plan to close in about a week. The 32-lane bowling alley has struggled since locally based Royal Pin…
Pathfinder banquet features Kellog
Clark Kellogg will serve as the master of ceremonies for the 2008 Pathfinder Awards Banquet June 29 at Conseco Fieldhouse. The Pathfinder Awards are presented annually to individuals for their contributions and dedication…
Talking turkeys: bombs on stage
The New York Times today reports on a revival of “Moose Murders”—considered by many to be the worst play ever staged on Broadway. (See Frank Rich’s original review, here.)
While New Yorkers will often pay as much attention to…
Whirlpool might purge ‘nonsmokers’
Whirlpool Corp.’s refrigerator plant in Evansville has suspended 39 production workers suspected by the company of continuing to smoke despite claiming on health insurance forms that they were nonsmokers. Fact-finding meetings with each of the workers will precede final discipline, the company told the Evansville Courier & Press. Whirlpool learned of the alleged infractions from […]
Sponsors pump up Danica-mania
Sponsors of Danica Patrick, who became the first woman to win a major open-wheel race with her Indy Racing League victory in Japan Saturday, have been quick to capitalize on the exposure.
AirTran Airlines quickly put huge photos of Patrick on…