Pacers give tickets away, set future
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…
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Steelmakers to expand New Carlisle plant
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 […]
Startup buys West Lafayette research building
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 […]
Study: Custom product might not boost profit
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 […]
Classical musicians: hot or not?
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…
Shelbyville hospital to add immediate care center
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 […]
Pacers pipeline could be Knicks fix
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…
Firm to study hydroelectric power at Newburgh
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 […]
Aprimo shelves $50 million IPO plan
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 […]
Browning planning mixed-use project in Carmel
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 […]
Developer plans Carmel project
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…
“Forbidden B’way”/You-Review-It
So what did you do this weekend? Hear the Earth Harp at the IMA or the slew of country stars at the Fairgrounds? Discover “Black Gold” at the Phoenix?
My weekend included the national tour of “Forbidden Broadway” at Clowes Hall,…
Belden laying off 135 in Richmond
St. Louis-based Belden Inc. plans to lay off about 14 percent of the 1,000 workers at its Richmond manufacturing plant by the end of the month, according to the Palladium-Item. The newspaper in eastern Indiana said 85 are permanent positions and 50 are temporary positions. The company anticipates slow growth this year, and plans to […]
Speculation heats up about Gordon
Now that Indiana University freshman Eric Gordon has announced his decision to enter the National Basketball Association draft, speculation about the 19-year-old’s future is running rampant.
Draft analysts predict Gordon will be chosen anywhere…
Losses narrow for Fortune Industries
Fortune Industries Inc. today reported a second fiscal quarter loss of $2.8 million, an improvement from a $4.9 million loss a year earlier. The Indianapolis holding company didn’t break out profits by operating segment for the quarter ended Feb. 29, but CEO John Fisbeck said the slowing economy hurt its human-resources arm. Revenue in its […]
Credit union, school, more parking coming to Anson
The Boone County Area Plan Commission has approved three more parts to the massive AllPoints at Anson project at Whitestown. The latest approvals were granted for an Indiana Members Credit Union, a Primrose School Franchising Co. childcare and preschool facility, and additional parking for a 600,000-square-foot Amazon.com distribution center, according to The Lebanon Reporter. AllPoints […]
ECONOMIC ANALYSIS: How kids do in high school matters to economy
Far too often, our worry about the shortterm state of the economy prevents us from focusing on the long term. That’s too bad because it is the long term, not the short run, that we have the most ability to influence. The most important issue looming for Indiana and the nation is education. Here is the fate of a representative group of 10 18-year-olds. Four years ago, our 10 Hoosier students entered high school. One could not read. As of…
Sales tax will finally settle old police, firefighter pensions: Local government headache now on state’s books
For decades, local governments begged the Legislature to pick up their enormous tab for pre-1977 police and firefighter pensions. Thanks to property tax reform, this year they got their wish. Indiana will use a portion of its 1-percentage-point sales tax hike, which is expected to raise close to $1 billion annually, to underwrite the pensions. The state’s additional yearly expense will be $115 million to $125 million. “We believe the portion of the sales tax pledged will be sufficient to…
VOICES FROM THE INDUSTRY: Creating a safety culture can benefit the bottom line
When then-Mayor Rudy Giuliani hired David Gunn to direct the New York City subway system, he knew Gunn would be unorthodox in his approach to fighting crime. While many encouraged Gunn to use traditional lawenforcement tactics, he saw fit to clean up the subway’s crime problem by literally cleaning up the trains. Day after day for six years, the graffiti artists painted their “art” on the sides of the trains, and day after day Gunn had the graffiti cleaned off…
Janitors want Lilly, WellPoint to push for better health benefits
Service Employees International Union Local 3 is backing local janitors as they restart contract negotiations April 16 with
five of the largest janitorial contractors in Indianapolis. SEIU now is taking direct aim at Lilly, health insurer WellPoint
Inc. and even some local hospitals, hoping they will pressure the janitorial contractors to come to terms.