Premier Properties retreats into bankruptcy
Premier Properties USA Inc. filed for bankruptcy protection yesterday, narrowly avoiding the appointment of a receiver to
take control of the troubled Indianapolis company.
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Mayweather to green flag Indy 500
Boxer Floyd Mayweather Jr., the WBC welterweight world champion, will drop the green flag on this year’s Indianapolis 500.
Mayweather competed on ABC’s hit “Dancing with the Stars” last fall along with two-time Indianapolis…
IPL planning wind energy farm
A new current is blowing through Indiana today when it comes to wind energy. Indianapolis Power & Light said it has partnered with a French energy company to build a 100 megawatt wind farm near Fowler. The Benton County town is near Lafayette. Meanwhile, workers are erecting a 150-foot-tall wind turbine in Marion County to […]
Southwest adds non-stop flights to Denver
Southwest Airlines will launch non-stop service to Denver, apparently smelling blood from bankrupt Frontier Airlines, which has flown the route from Indianapolis since 2005. Dallas-based Southwest will begin nonstop daily service to Denver on June 4. The carrier is the fourth-busiest at Indianapolis International, with 12.1 percent of traffic in 2007. Currently it offers 17 […]
Character key for Colts draftees
The Indianapolis Colts are fine tuning their strategy for this year’s National Football League draft, which is held in New York April 26 and 27.
While there is much speculation about which players the…
Film fest opens
The Indianapolis International Film Festival opened last night with a screening of the Sundance Film Festival hit “Son of Rambow.” I’d tell you more about this charmer, but since that was the only festival screening for the film, I’ll…
ChaCha praised in Wall Street Journal review
Wall Street Journal technology columnist Walter Mossberg writes in a column today that the ChaCha Web browser is “a fun and useful service.” Answers supplied by ChaCha, the Carmel startup founded by tech entrepreneur Scott Jones, generally were fast, accurate and useful, the influential columnist said. By calling 800-2chacha, Mossberg was able to find local […]
BP to buy NiSource plant
BP Alternative Energy plans to buy NiSource Inc.’s Clean Energy plant in Whiting for $210 million. The Whiting facility uses heat generated by its power station to make electricity sold on the open market. Steam generated by the station is sold to a BP refinery, also in Whiting. No job cuts will result from the […]
Retail development slated for Shelbyville
A development company is buying 185 acres on the east side of Shelbyville with plans to turn it into retail space. Shelbyville Development Group LLC is owned by Wyoming retail developer Tom Kremer along with Robert Rynard Jr. of Greensburg and Chad Middendorf of Louisville. Kremer told The Shelbyville News that it’s too early to […]
Republic Airways profit edges up
Indianapolis-based Republic Airways Holdings Inc. generated $20.2 million in profit in the first quarter, a slight increase from the $19.3 million from a year earlier. Excluding a loss on an interest rate transaction and a reserve on accounts receivables from Frontier Airlines, which filed for Chapter 11 bankruptcy protection April 10, Republic profit came to […]
Soaring fuel prices hammer Celadon profit
Profit at Celadon Group Inc. plunged to $1.1 million in its third fiscal quarter, from $6.6 million a year earlier, the Indianapolis trucking firm announced yesterday. The penny of profit per share in the quarter ended March 31 was well under the 6 cents anticipated by analysts surveyed by Thomson Financial. Skyrocketing diesel fuel prices […]
The next Fortune 500 companies
Conseco has dropped off the Fortune 500, leaving WellPoint, Lilly, Cummins and NiSource as the only Indiana companies remaining. Several Indiana firms are closing in on the elite list, though. One is Steel Dynamics, the Fort Wayne company that recycles scrap metal….
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…
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:…