Time to say adios to Bush Stadium
Yankee Stadium, the House that Ruth Built, the home of 26 World Series Champions, a pillar of the Big Apple since 1923, will be demolished next spring.
Yet Indianapolis refuses to put Bush Stadium…
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Airport forecasts fewer passengers
Airline woes will crimp the number of passengers expected to use Indianapolis International Airport next year, the airport authority projects in a 2009 budget the board will consider at its meeting tomorrow. About 4.1 million passengers are expected to pass through boarding gates – 6 percent fewer than previously forecast for 2009 but similar to […]
Proton center may have ‘turned a corner’
The Midwest Proton Radiotherapy Institute, which has been a money-loser since opening in 2004, expects to turn a $1.5 million profit in the coming fiscal year, according to The Herald-Times of Bloomington. The Bloomington center, co-owned by Clarian Health and Indiana University, is attracting more patients and getting better reimbursement from the federal Medicare program. […]
RV maker to close plants, cut 1,400 workers
Monaco Coach Corp. today said it will shutter its recreational vehicle service and manufacturing operations in the northern Indiana towns of Elkhart, Nappannee and Wakarusa. Production of most of its motorized RVs will be shifted to the company’s home base of Coburg, Ore. Two motorized models and towable models will be made at a plant […]
Emmy nominees announced
The Emmy Awards don’t have the same cache–or offer the same box-office boost–as the Oscars or the Tonys. But they do lend prestige to the TV shows and talent that win them.
Because much of my evening time is spent at…
Empty seats plague in-state commuter flights
Cape Air plans to end commuter flights between South Bend and Indianapolis just eight months after they began, and flights between Evansville and Indianapolis are under a cloud, too. The Massachusetts company will stop flying from South Bend in September because St. Joseph County Airport is cutting off a subsidy, according to the Evansville Courier […]
New York publisher to lead Indianapolis Star
Virginia-based Gannett Co. Inc. yesterday named Michael G. Kane to replace outgoing Indianapolis Star publisher Barbara Henry. Henry, 55, retired suddenly on June 27; her departure is effective Aug. 1. Kane was publisher of the Rochester Democrat and Chronicle in New York and regional vice president of the company’s East Publishing Group. Unlike Henry, who […]
Scrub named 400 grand marshall
Actor John C. McGinley, best known for his role as the sarcastic Dr. Perry Cox on the long-running network comedy “Scrubs,” was announced today as the grand marshal for the Allstate 400 at…
Shapiro’s, Harry & Izzy’s confirmed for terminal
As IBJ reported in May, Shapiro’s Deli and Harry & Izzy’s restaurants will open locations at the new midfield terminal at Indianapolis International Airport. SSP America, the airport’s United Kingdom-based food operator, confirmed the report today in a statement. The airport authority announced in April that Cafe Patachou, 96th Street Steakburgers, King David Dogs and […]
Centaur casino project might survive
By Norm Heikens Financial commitments for Centaur LLC’s proposed $455 million horse race track and casino near Pittsburgh expired yesterday, but the project may not be dead. The Indianapolis company issued a brief announcement this morning saying that discussions with lenders continue. “Additional details will be available when we have a resolution,” the statement said. […]
Sarah Fisher back on track
Sarah Fisher Racing officials today announced they signed a deal with Dollar General Stores that will put Fisher on the track for races in Kentucky Aug. 7 and Chicago Sept. 7.
Though Fisher wouldn’t…
Living with feisty inflation
You might have seen the startling news this morning about inflation. The cost of living exploded by 1.1
percent in June, which is a sobering annual rate above 13 percent.
One of the Indianapolis areaâ??s leading financial planners says…
Losses widen for Fortune Industries
By Norm Heikens Across-the-board problems caused by the sluggish economy resulted in Fortune Industries Inc. reporting a greater loss in its third fiscal quarter than in the same period a year earlier, the Indianapolis company reported yesterday. Fortune lost $3.1 million in the quarter ended May 31, nearly double the loss of a year earlier. […]
Summer of the Superhero
There was Iron Man. There was the Hulk. There was Hell Boy. Now, Batman is back.
Summer has long been the time of blockbuster special effects movies, but this year seems disproportionately super hero focused.
What does it say that so many films–not…
Rolls-Royce snags $900M contract
Defense contractor Rolls-Royce has signed a $900 million contract with Italian aircraft maker Alenia Aeronautica SpA to supply turboprop engines for nine years. The AE2100D2 engine comes from a bread-and-butter line of military engines that the British company designs, develops and manufactures in Indianapolis. The engine will be used on medium-size C-27 J Spartan cargo […]
Kite execs snap up shares as stock droops
Shares of Indianapolis-based Kite Realty Group Trust hit a 52-week low this morning for the second day in a row, opening at $11.23, down from a peak above $20 last October. The shares are trading at the lowest price since the real estate investment trust debuted as a public company in August 2004, and near […]
Steak n Shake pays former exec year’s severance
The Steak n Shake Co. disclosed in a regulatory filing today that it paid interim president Jeffrey A. Blade the equivalent of his $305,000 annual salary in severance in connection with his departure announced July 11. Blade also will receive $12,000 to spend on outplacement services. The resignation, which was effective immediately, came after director […]
Appeals court sides with Lauth in casino suit
Indianapolis developer Lauth Property Group didn’t breach a joint venture contract with a Chicago company when Lauth abandoned the joint venture and formed a partnership with a different company to build a hotel and casino in the southern Indiana town of French Lick, the Indiana Court of Appeals ruled today. The state’s second-highest appeals court […]
Report: Notre Dame looking to Swarbrick
Jack Swarbrick, a Baker & Daniels attorney and key figure in Indianapolis professional and amateur sports, is Notre Dame’s first choice to replace Kevin White as athletic director, the Chicago Tribune reported today. Citing an unidentified source, the newspaper said the deal isn’t finished but that an announcement of a new athletic director could come […]
Peyton Manning is Colts’ sales MVP
Despite the hype surrounding Indianapolis Colts quarterback Peyton Manning, it’s still easy to underestimate—or simply forget about—the impact this one player has on the team. That impact goes beyond winning on the field.
The…