Fisher finds saviors
While ResQ Pure Power Energy Drink is out as Sarah Fisher’s primary sponsor, there is no shortage of white knights coming to this damsel’s rescue.
Yesterday, Bingham Entertainment & Sports Talent, was the first…
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The ‘Times’: Nothing in Indy
Readers of the New York Times received their “Summer Stages” preview in Sunday’s Arts & Leisure section.
The annual piece offers a rundown of what’s happening around the country in Dance, Theater, Pop/Jazz and Classical Music. And while the Cleveland and…
Just Marketing grows local HQ
Just Marketing International, a Zionsville-based motorsports marketing firm, today revealed plans to double the physical footprint of its existing headquarters to more than 31,000 square feet.
A ground breaking ceremony tomorrow at 10 a.m. will be attended by Lt. Gov. Becky…
Trustee to intervene in Premier bankruptcy
The U.S. Trustee’s office plans to file a motion to intervene in a Chapter 11
bankruptcy case brought by Premier Properties USA Inc. because the development firm is insolvent.
UPDATE: Emmis shares rise after report
Emmis Communications Corp. Chairman Jeff Smulyan was as upbeat as ever about the company’s earnings report today, but this time there might be greater reason for his optimism. Revenue at the Indianapolis-based media company rose 9 percent, to $85.8 million, in the fiscal fourth quarter despite having posted a $13 million loss. Much of the […]
Lilly dedicates biotechnology complex
Eli Lilly and Co. this morning held a dedication ceremony for the last phase of its $1 billion biotechnology complex southwest of downtown Indianapolis. The latest addition is a 475,000-square-foot laboratory building. It will house nearly 500 Lilly scientists and support staff who are moving from an older building used to make propellers during World […]
Massive auction of Miller art planned
The art collection in the estate of Columbus industrialist J. Irwin Miller and his wife, Xenia, could bring $80 million next month at a Christie’s auction in Europe, according to The Republic of Columbus. The collection includes works from artists including Pablo Picasso, Henri Matisse and Andy Warhol, among others. A painting of water lilies […]
Work set to start on RCA Dome demolition
New traffic and sidewalk restrictions are being put in place near the RCA Dome so that demolition work can begin. Closing two lanes of Capitol Avenue in downtown Indianapolis will allow preliminary work, such as removal of the dome’s signs. City police officials do not expect the new lane restrictions to cause significant traffic troubles. […]
New ballpark draining Gary coffers, report says
U.S. Steel Yard, the baseball stadium Gary officials hoped would draw development into city’s downtown, is experiencing mixed success five years after opening, according to the Post-Tribune of Merrillville. It still isn’t making money and the city’s stadium fund had $8,000 in it at the end of 2007, down from $15,000 when the year began. […]
Pacers launch new outreach effort
The Indiana Pacers are hitting the streets of central Indiana in an attempt to reach out to the local corporate community. Pacers officials are also considering hosting a draft-day party to help reconnect…
Pacers launch new outreach effort
The Indiana Pacers are hitting the streets of central Indiana in an attempt to reach out to the local corporate community. Pacers officials are also considering hosting a draft-day party to help reconnect…
Opposition expected to proposed TIF district
Shelby County residents who oppose a tax increment financing district near the Indiana Downs racino are expected to show up in large numbers this evening at the last public meeting scheduled before the Shelbyville Redevelopment Commission, according to The Shelbyville News. The Shelbyville plan commission and city council already have approved creating a fourth TIF […]
Emmis does better, sort of
Emmis Communications chief Jeff Smulyan today was more positive about the companyâ??s fiscal fourth-quarter performance
than heâ??s been about an earnings report in a long time.
Revenue at its U.S. radio stations, which have been dogged by an industry…
Emmis loss widens, but revenue climbs
Indianapolis-based publisher and broadcaster Emmis Communications Corp. said today that its fourth-quarter net profit widened to $15.8 million from $10.7 million a year earlier due to a $21.2 million charge for its broadcast licenses. Revenue in the quarter ended Feb. 29 increased 9 percent, to $85.8 million. And revenue climbed in both segments. Emmis recorded […]
Thompson faces uphill fight against Daniels
Jill Long Thompson says she knows it will be tough to unseat Republican Gov. Mitch Daniels in November, and she already has come out swinging. Just hours after squeaking out the Democratic gubernatorial nomination over Jim Schellinger last week, the former Indiana congresswoman verbally jabbed Daniels. “Four years ago he went through the state wearing […]
Small Towns, Big Business
Small Towns, Big Business Hospitals mixed bag for rural economies WILLIAMSPORT-To see the economic impact hospitals have on Indiana, this town of 1,900-which boasts its county’s only stoplight-provides a good view. The 16-bed St. Vincent Williamsport Hospital is the fourthlargest employer in Warren County, where Williamsport is the seat, and pays wages that are 60 […]
Commentary: Making the segue to Segways
Have you seen Margot Eccles or Brian Payne cruising downtown sidewalks on their Segways? It’s quite the sight, and a still-novel one considering Eccles and Payne are the only two people I know who have the two-wheelers and use them regularly in the central business district, save the security people at Circle Centre mall. I went to a meeting Eccles attended on the 29th floor of One American Square and her Segway was parked in the corner of the conference…
Hospitals are mixed bag for rural economies
Around Indiana, hospitals continue to grow and add workers, increasing their role as an economic driver to the state’s economy.
But health care reformers say hospital growth has a double edge, as higher health care costs dampen growth prospects for other
Indiana employers and their workers.
ECONOMIC ANALYSIS: Why the arguments against free trade don’t hold water
Americans are in a tough spot when it comes to negotiating free trade agreements. With the exception of a small Scandinavian country and a couple of European principalities, everyone we trade with has lower wages, weaker environmental standards, and less personal liberty. So it is easy to argue that we shouldn’t trade with a country until it becomes like us. This is the siren song of economic catastrophe. Here’s why. First, countries don’t trade with each other; people do. The…
Sommer Barnard merger pumps up attorney pay: Arrival of Cincy firm may lift starting salaries citywide
This month’s merger of the law firm Sommer Barnard PC into Cincinnatibased Taft Stettinius & Hollister LLP likely will cause salaries for starting lawyers to escalate citywide. That’s because, starting June 1, Taft plans to pay its first-year associates here $107,500-more than the $100,000 firstyear associates currently make at the highest-paying Indianapolis firms. If history is any indication, the topthree Indianapolis firms of Ice Miller LLP, Baker & Daniels LLP and Barnes & Thornburg LLP, and likely a few others,…