Colts cuts not made on emotion
First and foremost Indianapolis Colts President Bill Polian is a businessman. And he’s one of the best in the National Football League. Don’t expect Polian to get too giddy over the extra bucks…
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Bankrupt firm might close Elkhart operations
Atlantis Plastics Inc., an Atlanta-based plastics manufacturer that filed for Chapter 11 bankruptcy protection on Aug. 10, has notified the Indiana Department of Workforce Development that it might close three plants in the Elkhart area. Two of the plants are extruding operations and one specializes in injection molding. They employ a total of 170. The […]
International theater launching here
You heard it hear first–unless you’ve been hanging out in the halls of Butler University.
BU theater head John Green and prof/actress/director Diane Timmerman will be launching a new theater company next summer. Dedicated to bringing the best of world theatre artists…
NBC wins, Oprah seeks Olympians
This year’s Summer Olympics turned out to be a winner for NBC. Through Saturday night, NBC was averaging a 16.2 rating—meaning about 27.7 million viewers tuned in for its prime time coverage. Nationally, 28 percent of households on average tuned…
Paramount Tower plan shrinks
Developers are taking a new approach to a student housing project proposed for a 2.3-acre parking lot a few blocks east of the Central Canal….
Math bee might come to Indianapolis area
The mathematical version of the Scripps National Spelling Bee could be coming to Indianapolis, according to a spokesman for the organization that hosts the event. The not-for-profit National Math Bee is based in Birmingham, Ala. It was founded by S. David Vaillancourt, who moved to the Indianapolis area recently. A Carmel office address is listed […]
Publisher hit with $50,000 for software violations
Author Solutions has been fined $50,000 for using unauthorized copies of Adobe, Microsoft and Symantec software, the Business Software Alliance announced today. The Bloomington provider of self-publishing services was outed through a report to the alliance’s hotline, the alliance said. Author Solutions President and CEO Kevin Weiss said in a joint statement with the alliance […]
AG accuses Countrywide of deception
Indiana Attorney General Steve Carter has filed a lawsuit in Steuben County Court against Countrywide Home Loans Inc., alleging that the nation’s largest mortgage lender engaged in deceptive practices that led borrowers to obtain costly and potentially risky loans. He joins attorneys general from four other states in taking action against Calabasas, Calif.-based Countrywide this […]
Housing bust hits some counties, prices harder
The squishy Indianapolis-area residential real estate market has come to this: -Sluggish though it is, the region hasn’t been hit as hard as the nation as a whole. -Sellers have the greatest advantage if their house is priced below $75,000 or if the house is in Hendricks County. -Buyers have the most leverage if the […]
Busted for copying software
Author Solutions, the Bloomington company that helps people publish their own books, has admitted to using
copies of software from Adobe, Microsoft and Symantec.
The penalty? $50,000.
Author Solutions says the violations began under prior ownership and that it cooperated…
IUPUI, Pacers negotiating deal
The IUPUI men’s basketball team appears headed across town to play home games at Conseco Fieldhouse. Officials for Pacers Sports & Entertainment said they would let IUPUI make any announcement.
University officials said an…
Cymbalta helps lower-back pain, Lilly says
Eli Lilly and Co. said its depression drug Cymbalta showed some effectiveness against chronic low back pain, according to data presented today in Spain. The study gives Lilly evidence to perhaps get Cymbalta approved to treat yet another medical condition. The drug already has approval to treat depression, generalized anxiety disorder, diabetic nerve pain and […]
You-review-it Monday
As you can see from the previous three posts, I spent most of the weekend on and around Mass Ave soaking up IndyFringe. It was great to see such strong crowds out. The festival continues through Aug. 31 and while…
Toll-road workers reject unionization
The company that leases the Indiana Toll Road from the state said late last week that a vote involving 86 maintenance workers resulted in rejecting an organization attempt by the International Union of Operating Engineers and the International Brotherhood of Teamsters. ITR Concession Co. LLC did not release vote totals. Meanwhile, the company is tussling […]
Charter Homes builder draws scrutiny for odd sales claims, multiple liens
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its
rampant crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
Wet spring, slow economy slice into area golf business
On a typical Saturday at Smock Golf Course on the city’s south side, visitors are treated to a symphony of thwacks, pings
and the occasional plunk. In good or bad economic times, it seems, people in Indiana and across the country have always played
golf. But these days, the sound of that symphony has waned. Nationwide, the number of rounds of golf played through the first
half of this year is down 2 percent from last year. In Central Indiana, the situation is worse.
VIEWPOINT: How to win Uncle Sam’s gas-tax shell game
Between 1956 and 1991, Indiana motorists willingly paid “temporary” hikes in the federal gasoline tax, knowing the money was being used to build the 42,000-mile interstate highway system. In 1991, Congress declared the highway system completed-but the tax lived on and on, growing bigger and bigger. No longer needed to build the interstate, the current 18.4-cents-per-gallon federal gas tax-double what it was in 1990-now funds a “highway trust fund” shell game that shifts $866 million a year, and control over…
Billiondollar chance: OneAmerica foresees huge growth opportunity in long-term-care policies thanks to new tax breaks
That’s when new tax benefits kick in for an unusual kind of long-term-care insurance, called asset-based longterm care. The Indianapolisbased life insurer is betting those tax breaks send a wave of money flooding toward asset-based long-term-care policies, which one of its subsidiaries has sold for nearly 20 years. With people living longer and the 70 million baby boomers aging, the need to pay for long-term care, such as in-home elder care and assisted-living facilities, is sure to rise. “We see…
BEHIND THE NEWS: Banker ready to make Salin a force in state’s largest city
Alvin “Kit” Stolen is back atop an Indianapolisbased bank, albeit one many locals have never heard of. But Salin Bank & Trust Co. has big plans to get noticed-and get customers-here. After establishing strong market positions in south-central and northern Indiana, it finally has its sights on the center of the state. For now, Salin has just one Indianapolis-area branch, its headquarters near Keystone at the Crossing. But plans are in motion for two Hamilton County locations. And while bank…
Developers fear stricter IDEM cleanup rules
State environmental regulators are catching an earful for what some businesses complain is a rush to aggressive new rules
for remediating land contamination. Developers worry the Indiana Department of Environmental Management’s proposals, which
could require comprehensive site cleanup, will discourage brownfield redevelopment, especially the reuse of tainted-but-valuable
land in urban areas.