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If General Motors Corp. were to collapse into bankruptcy, Indiana would be clobbered, says Indiana Manufacturers Association President Pat Kiely. Credit markets already roiled by the financial crisis would be unlikely to extend the bridge financing GM would need to survive a restructuring, Kiely said, and most consumers would be unwilling to buy the cars. […]
Kokomo’s legislative delegation should do all it can in the next General Assembly to ensure the city is linked to the Indianapolis area by high-speed rail, Mayor Greg Goodnight told the Kokomo Tribune. High-speed rail could get a boost from President-elect Barack Obama, who has shown support for the Midwest Regional Rail System, an initiative […]
Indianapolis-based Eli Lilly and Co. said today that its workers and retirees contributed $11.1 million to the 2008 fundraising campaign of United Way of Central Indiana and other United Way chapters. The contribution includes a matching gift from Lilly Foundation. Lilly said it exceeded its goal by $100,000. The overall donation amounts to nearly 23 […]
A whirlwind of a day started with my earlier-than-usual weekly Fox 59 segment (if you missed it, you can catch it here later today) and will end with the IBJ Night at the Movies midnight screening of “Quantum of Solace”…
Officials of Indianapolis-based HHGregg Inc. are buying tens of thousands of shares in the appliance and electronics retailer at a time when the stock is trading at its lowest level since Gregg’s initial public offering in July 2007. This week: -Chairman and CEO Jerry W. Throgmartin bought 41,050 shares for $4.83 to $5.05 each. -Gregg […]
Sales of houses in the Indianapolis area dipped 12.3 percent, to 1,838, in October from the same month last year, the Indianapolis real estate brokerage F.C. Tucker Co. said yesterday. Year-to-date sales are down 11.3 percent, said Tucker, which based the figures on data gathered by the Metropolitan Indianapolis Board of Realtors. Eight local counties […]
Tonight is a big night for Greg Oden. It marks his return after an ankle injury during the season opener. But Portland Trailblazers owners, coaches and fans won’t be the only ones with…
Mitch Daniels has plenty of reason to feel good about himself these days.
Last week, he won reelection in a landslide after cutting a wake through a change-averse state, and without
going negative on his opponent, Jill Long Thompson.
Daniels also needs…
Indianapolis‘ house construction market won’t recover for at least another year, according to a forecast issued today by Metrostudy, a Houston research firm. The supply of vacant lots has soared to 54.5 months from an average of 20 to 24 months before the housing bust, Metrostudy said. In some submarkets outside Indianapolis where speculation was […]
Small-town newspaper editors know that the more names of people they cram into each issue, the better the
chances someone will pick up the paper.
Now the principle has caught on in a big way with the largest publications â?? and…
It was encouraging to a see a packed house at the Central Library for the Nov. 9 performance of “Powered by Poetry– Whirl of the Divine.”
It was even better to see that the production itself–a collaboration between Butler University Departments…
A booming business collecting overdue student loans has prompted Premiere Credit of North America to launch an expansion of its Indianapolis headquarters that will add 300 workers. The expansion will more than double Premiere’s work force, according to the Indiana Economic Development Corp. Premier will spend more than $4 million on the expansion at its […]
Medical tourism is getting the attention of two Indianapolis-area insurance companies. Carmel-based Seven Corners announced yesterday that it will offer coverage for medical complications if they arise during or after a trip overseas to receive surgery. Seven Corners claims it is the first insurer to offer such coverage. Also, Indianapolis-based WellPoint Inc. has been working […]
FinishMaster Inc. turned a $4.8 million profit in the third quarter, nearly identical to its net income of a year earlier, due to three acquisitions. Sales increased 4.1 percent to $123 million, the Indianapolis-based automotive paint distributor said yesterday. Without the acquisitions, sales would have been flat. FinishMaster shares closed at $18.85 yesterday, down from […]
The 18-year relationship between Indianapolis-based Steak n Shake Co. and its hometown ad agency has fizzled out. At an investor conference this afternoon at the Marriott Hotel downtown, the restaurant chain said it is terminating its contract with Young & Laramore and will hire another agency of record. Young & Laramore leaders got the news […]
Several retail nuggets to peruse today:
Reis-Nichols plans to add 2,000 square feet to its Greenwood store by taking over the former Steve’s Flowers & Gifts space. The $500,000 project is slated to…
An Indiana University committee made the right call yesterday when it recommended leaving the name of a segregationist
on an athletics facility, says a Ball State University historian.
John Mathew Glen says the committee appropriately recognized contributions of former judge and…
A decline in franchise sales prompted by the slowing economy and financial crisis dragged down profit for Noble Roman’s Inc. in the third quarter. The pizza and sub sandwich franchisor, which is headquartered in Indianapolis, reported late yesterday that net income fell to $304,809, less than half the level of a year earlier. Revenue plunged […]
Sliding sales coupled with costs incurred from a turnaround plan threw Steak n Shake Co. for a $9.2 million loss in its fiscal fourth quarter, the Indianapolis-based hamburger and milkshake company reported last night. It was the fourth quarterly loss in a row, and the 13th straight decline in same-store sales. The period ended Sept. […]
An interesting Wall Street Journal piece (read it here) asks why we don’t see conservative political theater. Apart from Tom Stoppard and David Mamet, the writer of the piece “can’t think of a single well-known American or British playwright…
