New stadium’s food vendor for sale
The company city officials hired to handle general concession sales and premium dining at Lucas Oil Stadium could be sold before serving its first hot dog at the 63,000-seat venue set to open…
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Struggling casinos lay off workers
The slow economy is prompting casinos to lay off employees in order to cut costs. Horseshoe Casino, the former Caesar’s Indiana in the southern Indiana town of Elizabeth, has eliminated 14 positions, according to the Courier-Journal of Louisville. None were dealers or other “frontline” positions; one position getting the ax was diversity coordinator. The casino […]
Indiana’s entrepreneurial hotspots
If youâ??re an entrepreneur, or dream of one day becoming one, which place in the state offers the best
opportunity?
Are you a fan of fast-growing exurbs like Fishers? If youâ??re into medical startups, is the best spot on
the downtown…
Celadon foresees turnaround despite profit slide
Net profit in Celadon Group Inc.’s fourth fiscal quarter plummeted to $2.2 million from $5.2 million in the same quarter last year as the Indianapolis-based long-haul trucking firm continued to slog through the toughest stretch the industry has experienced in several years. The profit of 10 cents per share in the most recent quarter beat […]
IBJ Movie Night: ‘American Teen’
“American Teen” won the Best Director/Documentary award at the Sundance Film Festival.
Shot in Warsaw, Indiana, it follows a group of teens through senior year of high school. Rolling Stone’s critic said, “If ‘The Hills’ went back to high school and developed…
Workers allege union-busting at not-for-profit
About 50 workers at Arc Bridges in Gary organized a strike Friday to protest labor relations at the not-for-profit social service agency. The organization provides training and support for the handicapped. Arc Bridges’ 200-plus workers claim it has engaged in “union busting” strategies as the American Federation of Professionals attempts to negotiate an initial contract, […]
Favre’s return spurs Colts question
Brett Favre is returning to Green Bay today to play for the Packers. This after Packers brass offered to pay him $20 million to stay away.
This got me thinking. Which of the Indianapolis Colts that has retired or otherwise left …
Ball State tosses IU a grenade
Three Ball State University economists have gone public in recent weeks with their distaste for corporate social responsibility as it’s practiced these days. Philip Coelho and James McClure argued in a letter to the editor in The Herald-Times of Bloomington that…
You-review-it Monday
This weekend, family commitments kept me out of the arts loop–although I did find time to take some sports-crazy out-of-towners through the National Art Museum of Sport and my in-laws to the “To Live Forever” show at the Indianapolis Museum…
EYE ON THE PIE: How I spent my summer vacation
Helen Heavybreath is one of the most intrusive persons in my life. She always wants to know, “Where have you been? What have you been doing? Whom did you see?” At least the woman’s grammar is good. Before she accosts me again, I will report my vacation activities. What do you think an economist would do this summer, given current circumstances? Quite naturally, high gasoline prices induced me to take a 3,000-mile driving vacation from Indiana into Colorado, New Mexico…
Center at IU helps nation’s rec areas become inclusive: Venues of all types, sizes learn methods to make attractions more accessible to visitors with disabilities
Since its inception, the center’s staff has worked with venues ranging from the Golden Gate Bridge in San Francisco to local parks in the Indianapolis area. Besides facilities, it also comes to the aid of individuals. Recently, the center helped a bride who wanted to get married on the beach at sunset. A family member uses an electric wheelchair, so the center offered advice to her Florida hotel on how to construct a portable wheelchair path to the ceremony that…
Strip-mall developer scales back as housing slump hurts small retail centers
A local developer known for its strip centers has stopped building new projects, scaled back its staff, and is trying to
unload several of its properties in an apparent bid to survive. Williams Realty Group earlier this year
shuttered its custom-home-building operation, DayMarc Homes, and now observers are wondering if owners Dave
Crockett and Marc Freije can keep the rest of Williams afloat.
It’s all about CHINA: Cultural programming on the rise in Indianapolis as local Chinese population rises, country opens up
When Dr. Zao C. Xu moved to Indianapolis in 1986, there were only a handful of other Chinese immigrants working at the Indiana University School of Medicine. Now, there are more than 20. Xu’s wife works at Eli Lilly and Co. When she started there in the mid-1980s, she was one of about 20 Chinese immigrant employees at the pharmaceutical giant. Today, there are more than 500. “Many people who came from China started working in the East or West…
ECONOMIC ANALYSIS: Speculators aren’t to blame for pain at the gas pump
Speculators are blamed for a number of bad things-lately, even high gas prices. It is fun to find villains. In fact, casting blame has replaced baseball this summer as the official sport of Congress. But it might do some good for the soul to ask just who these speculators are, and how they might affect gasoline prices. To begin with, it is worth understanding that the price of gasoline is largely determined by the price of oil today. Refinery capacity,…
SURF THIS: Finding a stray $500-a hint of what Mint can do
I received an email the other day offering some suggestions to save about $500 a year through a variety of basically painless financial moves. Most consisted of suggestions like “move this account, which is making next to nothing, to this bank where they’ll pay you 4 percent.” The email also recommended that I build an emergency fund, provided a list of all my account balances (everything from banking to credit cards to investments), pointed out the top purchases of the…
BEHIND THE NEWS: News from the front lines: More tough times ahead
The past 12 months have been hard to take, with all the gloom-anddoom headlines about the weak housing market, subprime credit crisis and softening economy. We’re all ready for some good news. Unfortunately, I can’t provide it here. That’s because executives on the front lines of Indiana business-those most tuned in to the twists and turns of the state’s economy-aren’t ready to call a turnaround yet. In second-quarter conference calls with analysts, the executives are trumpeting their firms’ ability to…
VIEWPOINT: Here’s what inclusion looks like
Diversity of people is a fact. Look around you on the street, in a store or at work. According to diversity experts at Roosevelt Thomas Consulting, diversity is “any collective mixture characterized by differences, similarities and related tensions.” Acceptance of our diverse reality is the first step toward creating a highly productive, inclusive workplace. Inclusion is an act. The object of inclusion management is to embed inclusion into management practices and the culture, since culture is “how we do things…
Startup NICO reassembles Suros’ management team: Medical-device maker aims to launch product soon
Medical-device maker Suros Surgical Systems was one of the fastest-growing companies in Indianapolis history. Just six years after forming it in 2000, founders sold it for $248 million. Is it any wonder they want to work together again? In late July, former Suros Chairman Jim Baumgardt and former Vice President of Sales Jeff Hanthorn joined locally based NICO Corp., the startup launched early this year by former Suros CEO Jim Pearson and Joseph Mark, one of Suros’ founders. The mission…
Marketing veteran Ray Compton unveils Webcasting venture at State Fair
Local radio icons Big John Gillis and Jeff Pibeon will be broadcasting live this year from the Indiana State Fair. But
you won’t find their show on any radio station. Gillis and Pigeon have been hired by locally based Compton Strategies to create
audio-only, Internet-based shows for area events, companies and entertainment venues.
State Fair brings in bounty of corporate sponsorships
An economic dry spell may have corporate America praying for rain, but tough times have led to a bountiful year at the
Indiana State Fair. Two weeks before the fair’s Aug. 6 start date, corporate sponsorships were running 22 percent ahead of
2007, surpassing $1.5 million for the first time.