Colts fans let Lucas hear it
Lucas Oil Products Inc., and its owner Forrest Lucas, are taking a beating from IBJ readers after his request that Indianapolis Colts fans and local media not call the team’s new stadium “The Luke.” Lucas…
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OFS Brands buys hotel furniture maker
Huntingburg office furniture manufacturer OFS Brands Inc. has acquired Loewenstein Inc., a maker of hotel furniture headquartered in Pompano Beach, Fla., for undisclosed terms. Family-owned OFS said the deal opens a seamless expansion into the hospitality market, and that OFS would protect the character of the Loewenstein brand and allow it to operate independently in […]
On the brink of IndyFringe 2008
IndyFringe 2008 launches this week with a kick-off party Thursday and performances beginning on Friday.
This year’s lineup includes 270 performances of 53 shows–including one-act plays, improvisational comedy, dance pieces, magic acts, confessional one-person shows and difficult-to-describe oddities.
As in the past, the shows aren’t…
Pharmakon moving to Carmel in expansion
Indianapolis-based Pharmakon LTC Pharmacy Inc. will pay an average of $50,000 a year to each of the 52 employees it plans to add in the next five years. The institutional pharmacy will move to a larger headquarters and warehouse in Carmel as part of its expansion, Indiana Economic Development Corp. said today. The $1.2 million […]
Finish Master profit hurt by economy
One-time events caused Finish Master Inc. profit to rise to $5.3 million in the second quarter from $4.6 million a year earlier, the Indianapolis company reported yesterday. However, the improvement was driven by proceeds from a lawsuit settlement and a non-recurring charge from the second quarter of 2007. Not taking those one-time changes into consideration, […]
Would JMV drive over to The Fan?
Two things are clear from reader feedback I’ve been getting this week about two stories I wrote for this week’s print edition of the Indianapolis Business Journal. First, fans of WNDE-AM 1260 are much more vocal than those of WFNI-AM…
Lilly’s Byetta might be tied to swelling, deaths
Bad news for one of Lilly’s up-and-coming drugs. The Food and Drug Administration warned health professionals today that the diabetes drug Byetta might be linked to six cases of severe inflammation of the pancreas, or pancreatitis, according to MarketWatch. All six patients were hospitalized and two died. The FDA advised doctors to discontinue Byetta promptly […]
Indians get attention from ESPN
It just keeps getting better for the Indianapolis Indians this season. With attendance already on its way to eclipsing last season’s total of 586,785, the Tribe is getting a boost from two special…
Duke shuttering retail real estate unit
Locally based Duke Realty Corp. is leaving the retail real estate business to focus on its bread-and-butter industrial, office and health care developments. The move will eliminate about six jobs, said company spokesman Joel Reuter. The company’s retail properties represent only about 1.5 percent of its nationwide portfolio, but it has worked on some high-profile […]
UPDATE: Layoffs to hammer Delphi in Kokomo
Delphi Corp. said today that it will lay off 600 salaried employees in its Electronics & Safety Division as part of an effort to cut costs by 25 percent. It said the layoffs will fall heaviest on its Kokomo operations, where about 2,500 of the division’s 3,340 salaried employees are based. Though three out of […]
Billboard blight or billboard rights?
UPDATE: The Metropolitan Development Commission overturned the billboard approval, and the city now is looking into whether the existing sign is legal.
The city’s planning staff is challenging a Board of Zoning…
Appraisers’ role in the meltdown
Some of the people most familiar with the mortgage foreclosure explosion in the Indianapolis area in recent
years have privately pointed fingers at appraisers.
Appraisers too often were in cahoots with lenders to illegally inflate prices of houses, the insiders complained,…
Indiana Farm Bureau sponsoring Colts facility
Officials of the Indianapolis Colts and Indiana Farm Bureau Insurance today announced that they have agreed to a multi-year deal to put the insurer’s name on the team’s 56th Street training complex. Terms were not released, but the Colts signed a similar deal in 2000 with Union Federal Bank that team sources said at the […]
Colts creativity rings cash register
The Indianapolis Colts sell sponsorships like Peyton Manning throws touchdown passes. A lot of the credit goes to the team’s former sales and marketing boss Ray Compton, who sold everything imaginable…
Overdosing on the Beatles?
In putting together this year’s IBJ A&E Season Preview (coming soon to your favorite business paper), I saw a mini-trend emerging.
It starts Aug. 28-29 with “Classical Mystery Tour,” a visit from a quartet of Liverpoolian-look-and-sing-alikes at Conner Prairie.
That same…
Delphi workers fear sweeping layoffs
Delphi Corp. plans meetings today with salaried workers at the company’s Electronics & Safety Division in Kokomo – meetings that employees fear will precede massive layoffs. Rumors of sweeping layoffs are unfounded, a Delphi spokesman told the The Kokomo Tribune. The Troy, Mich., auto parts maker learned Friday that that it must shift $1.5 billion […]
Lafayette officials hoping for best on Lilly plant
Lafayette-area leaders anticipate meeting soon with Eli Lilly and Co. officials to try to play a role in the Indianapolis-based drug giant’s plans for the 54-year-old Tippecanoe Laboratories, according to The Journal & Courier of Lafayette. Lilly said July 30 that an announcement on the future of the plant would be forthcoming within a year. […]
Spotlight on Hendricks County
Spotlight on Hendricks County Named for William Hendricks, governor of Indiana 1822-1825 5 LARGEST CITIES/TOWNS Population Plainfield ……………………………………24,734 Brownsburg ………………………………..18,850 Avon …………………………………………..9,847 Danville ……………………………………….7,827 Pittsboro ……………………………………..2,386 5 LARGEST EMPLOYERS employees(1) Redcats USA (Brylane Home) …………2,300 Hendricks Regional Health……………….1,350 Q-Edge /Foxconn …………………………..1,200 Duke Energy………………………………….1,000 Brightpoint……………………………………….936 COUNTY MSA(2) Population 134,558 1,695,037 Median age 35.7 35.6 Households 51,269 […]
HAMILTON COUNTY
HAMILTON COUNTY Software sales company plans growth streak in Carmel Carmel-based Sales Diesel LLC plans to add at least 50 employees and expand into much larger offices before the end of the year. Founded only a year ago, the company provides sales analysis, lead generation and sales processes for companies that sell software and technology […]
HANCOCK COUNTY
HANCOCK COUNTY Stink over sewer/water billing The Indiana Office of Utility Consumer Counselor on July 11 filed a complaint against the Sugar Creek Utility Co. Inc. over rates and billing practices for water and sewer service. The utility serves Riley Village, an 84-lot manufactured housing community in Greenfield, and Heartland Resort, a 280-site camping park […]