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Monroe County could lose $1.2 million in taxes after General Electric Co. closes its refrigerator plant in Bloomington next year. The company paid nearly $1 million in property taxes last year, and the $22 million payroll likely generated about $221,000 from the county’s 1-percent county option income tax, according to The Herald-Times of Bloomington. The […]
Indiana University basketball coach Tom Crean made the hire today that several school trustees dreaded. Over the next week, you can bet those trustees along with Crean and IU President Michael McRobbie will be asked about the hire of Bennie Seltzer…
An announcement today that Indiana Pacers co-owner Herb Simon will become CEO and Jim Morris will be elevated to president has many sports marketers applauding, but at the same time asking “What’s next?”
Several key questions persist. First, how much steam…
Herb Simon is now both owner and CEO of Pacers Sports & Entertainment, the parent organization of the Indiana Pacers. The 73-year-old real estate magnate announced at a news conference today that he’ll become more involved in the teams operations, taking over some of the duties held by Donnie Walsh following his resignation from the […]
A former employee of WellPoint Inc. has filed a lawsuit that claims his pension plan was mismanaged because his pension was invested in declining stock of the Indianapolis-based health insurance giant. Paul West’s suit seeks class-action status for 10,000 pension-plan participants, according to Bloomberg. WellPoint shares have slumped 45 percent this year, to about $50. […]
At least one economist thinks central Indiana’s life sciences sector can absorb the 500 people Eli Lilly and Co. plans to let go through early buyouts. “These aren’t the 1950s factory workers that we have to worry about. These are nimble, highly skilled workers,” said Mike Hicks, director of the Bureau of Business Research at […]
Property Lines turns one this week. We’ve reached 300 posts and more than 5,500 comments thanks to the participation and support of a loyal group of readers. Thank you.To mark the occasion, let’s…
The Linton City Council has approved the sale of 19 acres it owns to Bedford-based Hi-B Fuels for a biomass plant, according to the Greene County Daily World. The sale price was $60,000. The southern Indiana plant will accept yard and lumber trimmings which it will mix with coal to make fuel. The plant will […]
Less than a month after retiring as CEO of Eli Lilly and Co., Sidney Taurel has joined BioCrossroads Inc.’s board of directors. BioCrossroads, an Indianapolis-based group that promotes development of life sciences businesses, made the announcement this morning. Taurel is continuing as chairman of Lilly, the Indianapolis-based drugmaker, until the end of this year. He […]
With Pope Benedict XVI on his U.S. tour, attention is being paid to just about every aspect of the Catholic Church…including its music. Not only is the playlist for the Pontiff’s stadium mass in Washington being scrutinized, but thoughts are…
The Indiana Pacers are in a giving mood for tonight’s Fan Appreciation Night. The team is advertising that all lower level tickets will sell for $30, club level tickets for $20 and upper…
Steel giants ArcelorMittal of Belgium and Nippon Steel Corp. of Japan plan to double production of galvanized steel at their I/N Kote joint venture in New Carlisle and add 100 workers by 2010. The plant galvanizes steel made by ArcelorMittal’s mills in Indiana Harbor and Burns Harbor on Lake Michigan, and Nippon’s operation in New […]
A West Lafayette research building used until a couple of years ago by Elkhart-based CTS Corp. has been acquired by a startup real estate company. The company, Indiana Technology Group LLC, is headquartered in West Lafayette. It is owned by five individuals, including principal and spokesman Ahmed Alsoffi, a long-time West Lafayette businessman. Other owners […]
Manufacture a unique product and your company will enjoy stronger profits and stay ahead of the competition, right? Not necessarily, a new study has discovered. Rather, manufacturers that focus on customized products don’t always turn in profits as great as those that rely on mass production. That’s what Purdue University’s Dauch Center for Management of […]
Yes, it’s the music that matters.
Now that that’s out of the way, let’s acknowledge that classical music organizations aren’t shy about using images of attractive musicians in their marketing.
A hottie violinist, the theory goes, will sell more tickets than a…
Major Hospital in Shelbyville plans to open an immediate care center this fall, according to The Shelbyville News. The center, which will provide non-emergency care, will share space at Rampart Professional Center with the HealthWorks Occupational Health Clinic, which focuses on job-related injuries and illnesses. The center has not been named, and a more specific […]
Donnie Walsh is tapping into his old Indiana Pacers contacts to fill key vacancies for the New York Knicks. Since becoming president of the Knicks last month, Pacers scout Jimmy Powell and Brian…
An Idaho firm is applying to the federal government for a permit to study building a hydroelectric power plant at Newburgh Lock and Dam, which is up the Ohio River from Evansville. Symbiotics LLC is interested in a plant that would generate 80 to 100 megawatts, according to the Evansville Courier & Press. The company […]
Fast-growing local marketing software-maker Aprimo Inc. is shelving its plan to stage a $50 million initial public offering. Aprimo withdrew its registration statement with the U.S. Securities and Exchange Commission in a letter dated April 3. “As a result of the extended weakness in the equity and new issues markets, the Company has determined that […]
Locally based Browning Investments plans to develop a 20-acre mix of hotels, office buildings, a medical center and retail space on a vacant former church property along North Meridian Street in Carmel. Browning hopes to break ground this summer on the $10-million project, which will include a hotel built by Dora Brothers Hospitality Corp. The […]
