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Steve & Barry’s LLC, a clothing retail chain with stores in Washington Square and Lafayette Square malls, is considering closing 100 stores as it struggles to pay its debts, according to published reports this week. It isn’t clear how many stores would close, and whether any closings would sweep in the Indianapolis locations. In a […]
WellPoint Inc.’s main rival announced yesterday it would slash 4,000 jobs in order to save money as its profits sag. Will other health insurers follow the lead of Minnesota-based UnitedHealth Group? They have few other options to substantially reduce costs, said Les Funtleyder, a health care analyst at Miller Tabak & Co. in New York. […]
Yesterday’s story of an Indianapolis police officer and his wife being accused of running a prostitution ring
took an interesting turn this morning when Nuvo issued a release denying any connection to the alleged wrong-doing.
Lori Vernon-Lee has advertised in Nuvo for…
Indiana guard Eric Gordon took his show—which could easily be titled Midwest Manners and Sensibility—on the road to L.A. yesterday.
And while Gordon came across a bit timid, most of the crowd loved him.
Gordon…
Cooper Tire & Rubber Co., the Findlay, Ohio, tire manufacturer, plans to move a warehouse operation to Franklin from Dayton, Ohio. The 808,500-square-foot building will be located in Franklin Tech Park near I-65, and open in 2011 with 60 workers, according to the Daily Journal of Franklin. Cooper has asked for $275,000 in local tax breaks […]
The flooding that socked central and southern Indiana on June 7 created more than $100 million in damages to Cummins Inc., the Columbus diesel engine maker. Insurance will cover all costs but the deductible, the company told The Republic of Columbus. Most of the damage was confined to the Technical Center, and the research and […]
Some workers at BorgWarner Automotive’s plant in Muncie believe a layoff last Friday could signal an early end to the plant, according to The Star Press of Muncie. The Auburn Hills, Mich., company issued the notices to 193 employees – about half the work force – as the annual summer break was about to get […]
Hamilton County is the best place in the country for raising families, Forbes magazine said in a recent ranking. Hamilton County boasts good schools, low-priced housing and cost of living, and fairy short commutes, the magazine said. The ranking included counties with at least 65,000 residents. Hamilton has 250,000. Good schools were given high priority. […]
Detroit keeps turning out bad news, what with General Motors, Ford and Chrysler losing market share and Volkswagenâ??s
announcement last fall that it would abandon the city and move its U.S. headquarters to Virginia.
Now Volkswagen is days away from unveiling…
Indy Racing League drivers Danica Patrick and Scott Dixon have been nominated for ESPY awards to be presented July 20 on ESPN.
Patrick, the Andretti Green Racing driver who is fifth in the standings…
Grubb & Ellis Healthcare REIT Inc. has acquired 13 health care properties in the Indianapolis area from HCP Inc., a real estate investment trust headquartered in Long Beach, Calif., for an undisclosed price. The portfolio is spread across 20 buildings and 689,000 square feet, said Grubb & Ellis, which is based in Santa Ana, Calif. […]
Eugene Tempel, executive director of the Center on Philanthropy at Indiana University, has been chosen to replace Curt Simic as president of the IU Foundation, the university announced this morning. Many of Simic’s peers and colleagues said his shoes would be hard to fill, but Tempel, considered nationally an expert on philanthropy and not-for-profit management, […]
An impasse between the private operator of the Indiana Toll Road and the union that has represented collectors since December might lead to a strike, according to WSBT-TV Channel 2 in South Bend. Negotiations were to resume today. The 150 members of the International Brotherhood of Teamsters have worked without a contract since voting in […]
Flaherty & Collins Properties, an Indianapolis construction, development and management firm, announced this week that it will manage an additional 13 apartment communities for Alliant Real Estate Investments LLC. The new properties include 1,200 units in Michigan, Kentucky, Virginia, Tennessee and Georgia. Flaherty & Collins now handles 18 communities and 1,200 units for Alliant, which […]
The Indianapolis Indians’ July 4 home game against the Louisville Bats—the Cincinnati Reds farm team—is sold out. A limited number of standing-room-only tickets will be made available at game time.
Victory Field has a…
Indianapolis-area executives are struggling to keep their compensation at last yearâ??s levels â?? which were
no
improvement over 2006.
Thatâ??s the observation of compensation specialist Debi Muelller, a partner in the human relations firm HR
Dimensions.
â??At best, itâ??s flat,â?? says Mueller…
If this were a normal economic slowdown, companies would have eliminated temporary workers in droves beginning last year. But that hasn’t happened this time. Indiana companies continued adding temp workers right up until February, according to figures from the Indiana Department of Workforce Development. Indianapolis-area companies hired for another month, until March, and then began […]
My just-over-the-cubicle-wall colleagues at Indiana Lawyer reported yesterday that Judge Sarah Evans Barker “threw out a new Indiana law requiring bookstores and other retailers to register with the state and pay a $250 fee if they want to sell…
“Quality is the best business plan of all.”
So Pixar chief John Lasseter told the L.A. Times.
And the combination of reading that statement and seeing Pixar’s remarkable “Wall*E” last night gives me hope for, well, everything.
I’m not going to…
ExactTarget, the local maker of e-mail marketing software, has attracted a pair of heavyweights to its board of directors. This morning the company announced the addition of CareerBuilder.com CEO Matthew Ferguson and venture capitalist Timothy Maudlin. Their expertise should boost fast-growing ExactTarget’s attempt at an initial public offering. In December the company filed paperwork with […]
