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IndyStar.com: Business

Indiana's leading news source for all the top stories, local news, sports and weather.

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Wall Street makes it 5 in a row

NEW YORK -- Wall Street climbed again in a shortened trading day Friday, wrapping up its biggest five-day rally in more than 75 years.The market got big boosts over the past week from President-elect Barack Obama naming his economic team, the...

indystar, on Nov 29, 2008 at 2:03 AM in Business
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New center for Cooper

FRANKLIN » An 804,000- square-foot "green" distribution center is being built at I-65 and Ind. 44 for Cooper Tire. Indianapolis-based GDI Construction, the general contractor, broke ground in September on the project, which will house a Cooper...

indystar, on Nov 29, 2008 at 2:03 AM in Business
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Gasoline prices rising

INDIANAPOLIS » If you want to pay the cheapest prices for gas, better get your fill. Speedway stations in the Indianapolis area uniformly bumped prices to $1.75 a gallon Friday, according to the company's Web site. Those 58 stations can influence...

indystar, on Nov 29, 2008 at 2:03 AM in Business
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Development planned

NASHVILLE » Brown County planning officials have given preliminary approval to developer Burt Perdue's plans for housing, a hotel and retail businesses at a shuttered ski resort. The Brown County Area Plan Commission voted 6-0 this week in favor...

indystar, on Nov 29, 2008 at 2:03 AM in Business
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Noteworthy

The Indiana Association for Floodplain and Stormwater Management presented Tim Stottlemyer of the Noblesville Department of Wastewater Utility with the Excellence in Stormwater Management Award.» Baker & Daniels received the Diversity in Practice...

indystar, on Nov 30, 2008 at 2:04 AM in Business
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Datebook

Carmel-Clay Kiwanis, 7 a.m. Carmel Life and Learning Center, 515 E. Main St., Carmel. Speaker: Brad Little of the Hamilton County Legacy Fund. Call Don Moehn, (317) 873-1956.Scientech Club, noon. Children's Museum, 3000 N. Meridian St. Speaker: C....

indystar, on Nov 30, 2008 at 2:04 AM in Business
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Holiday gifts that can keep on giving

It won't have the "wow" factor of an iPhone, but a money-minded gift may have more sizzle than you think this season.Nevertheless, there are rules to keep in mind when bestowing such presents -- like making sure they don't come off as judgmental...

indystar, on Nov 30, 2008 at 2:05 AM in Business
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Know your rights when shopping retailer that's on shaky ground

The fallout from the current economic downturn is hitting retailers hard.Linens 'n Things, a home goods merchandiser, is going out of business.New York-based Steve and Barry's, which sold nice but inexpensive clothing, is being shut down.Circuit...

indystar, on Nov 30, 2008 at 2:05 AM in Business
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What can I do now to help reduce my taxes that are due next spring?

As 2008 heads down to the wire, it's time to take a final look at ways to minimize tax obligations come April 15. Strategies might include an early mortgage payment, charitable donations and additional contributions to certain retirement plans....

indystar, on Nov 30, 2008 at 2:05 AM in Business
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SBA loans

These Small Business Administration loans were approved in September:4:59 barberlounge, Indianapolis: $44,000, National Bank of Indianapolis.B & E Painting Inc. LLC, Indianapolis: $279,000, Premier Capital Corp.21st Subway Inc., Indianapolis:...

indystar, on Dec 01, 2008 at 2:05 AM in Business
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Student debt levels portend rising loan default rates

Not long ago, Dan Brown and his roommate headed from San Francisco to Las Vegas. They were aiming to win big so they could pay off their student loans."If you don't try, you can't win," said Brown, a 26-year-old marketing consultant. He's sitting...

indystar, on Dec 01, 2008 at 2:05 AM in Business
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A nation's new frugality

Frugality is making a comeback.Fearful that economic conditions could get worse and stay that way, Americans are showing an enthusiasm for thriftiness not seen in decades.This behavioral shift isn't simply about spending less. The New Frugality...

indystar, on Dec 01, 2008 at 2:06 AM in Business
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Bankruptcies

These bankruptcies were filed Sept. 4-Oct. 15 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets.Master's Choice Inc., 19424 Amber Way, Noblesville. D, $91,583; A, $1,200.Rariden Enterprises Inc., d/b/a...

indystar, on Dec 01, 2008 at 2:06 AM in Business
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Tourist Watch

Dec. 27-31 Campus Crusade for Christ International. Estimated attendance: 2,500.To submit any event for consideration (minimum attendance 1,000), contact Jill Phillips at (317) 444-6246; e-mail jill.phillips@indystar.com

indystar, on Dec 01, 2008 at 2:06 AM in Business
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Numbers

7.4Percentage of Indianapolis-area residents who watched the Encore cable network in the past seven days.Source: 2008 Scarborough Research Release 2, designated market area of 2 million adults 18 and older.

indystar, on Dec 01, 2008 at 2:06 AM in Business
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ICVA leases space at Claypool Court

The tourism arm of the Indianapolis Convention & Visitors Association has leased 27,145 square feet in the Claypool Court/Embassy Suites building at 110 W. Washington St. Tourism Tomorrow's offices previously were in the RCA Dome, which is being...

indystar, on Dec 01, 2008 at 2:06 AM in Business
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The Fast Track

Name: Deborah Cline Kish.New Position: Volunteer services manager at the Eiteljorg Museum of American Indians and Western Art.Previous position: Volunteer manager at the Visiting Nurse Service.Other experience: She was volunteer and program...

indystar, on Dec 01, 2008 at 2:06 AM in Business

Commercial developers are bracing for slump

WASHINGTON — Benjamin Lacy and his wife, Debra, sipped beer and munched on beef carpaccio at a commercial real estate gathering a few weeks ago in Munich. In recent years, the Lacys have advised Germans to invest about $1 billion in office...

indystar, on Dec 01, 2008 at 2:06 AM in Business
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For the record

Bonneau Production Services is the agency of record for Church Brothers Collision Repair.Brand Acceleration I in Indianapolis is the agency of record for the Pulaski County Community Development Commission, based in Winamac.Healthful Solutions...

indystar, on Dec 01, 2008 at 2:07 AM in Business
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For online shoppers, it's Cyber Monday

With deep discounts and door-buster sales that lasted for days instead of hours, retailers tried hard to make tightfisted consumers open their wallets over the weekend -- and they're not giving up now.Today is Cyber Monday, the kickoff of the...

indystar, on Dec 01, 2008 at 2:07 AM in Business
indystar

Orthopedic makers' shares feel some pains

Looking back now, July seems like such a simpler time.The Dow was around 11,000. "Bailout" wasn't yet a buzzword.So, with that in mind, consider the following stock pitch made by CNBC's "Mad Money" host James Cramer during his July 17 TV...

indystar, on Dec 01, 2008 at 2:07 AM in Business
indystar

Heating bills to drop for budget customers

Many Indiana natural gas customers will see a drop in their next heating bills.Vectren announced today that its 120,000 budget-plan customers would see lower bills, while Citizens Gas said that about 13,000 budget-plan participants would...

indystar, on Dec 01, 2008 at 11:31 AM in Business
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Highlights of what Big 3 automakers want

The Detroit Three automakers, making a second bid for federal loans, presented Congress with plans Tuesday. Highlights of each automaker's plan:» Seeking $18 billion, split into a $12 billion term loan (of which $4 billion would be provided by the...

indystar, on Dec 03, 2008 at 2:02 AM in Business
Ted Evanoff

Japan's automakers have stake in deal

Quietly rooting for Congress to bail out Detroit is the Japanese auto industry.While American and Japanese automakers fight for sales on the car lots, they peacefully share one common trait behind the scenes: Both buy tons of auto parts from the...

Ted Evanoff, on Dec 03, 2008 at 2:03 AM in Business
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IU Hospital expands transplant unit

Indiana University Hospital today unveiled the new Clarian Transplant unit, which has more than doubled its capacity, adding 25 beds to reach a total of 46 beds.The new unit includes all levels of care, providing transplant patients with both their...

indystar, on Dec 04, 2008 at 4:30 PM in Business

On the Move

New post: Partner at Women’s Health Alliance at Clarian North Medical Center.Previous position: Private practitioner in Michigan.Experience: She was vice chairperson for the Department of Obstetrics and Gynecology at Battle Creek Health...

indystar, on Dec 05, 2008 at 2:01 AM in Business

Locke Reynolds: new name, clout

Indianapolis is shaping up as Exhibit A in a new wave of mergers sweeping the legal industry.On Thursday, one of the city’s oldest mid-sized firms, Locke Reynolds, best known for defending such clients as Ford and Honda in product-liability...

John Russell, on Dec 05, 2008 at 2:01 AM in Business
Jeff Swiatek

Indy Bar Association is relocating

Indianapolis Bar Association will move a few doors up the street to the M&I Bank Tower in January.The 8,854-square-foot space under renovation on the tower’s 15th floor provides column-free meeting space for the over 200 seminars the...

Jeff Swiatek, on Dec 05, 2008 at 7:01 AM in Business
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Latest Indianapolis sister city is Hangzhou, China

Indianapolis Mayor Greg Ballard joined Hangzhou Mayor Cai Qi on Friday to sign an agreement to make Hangzhou the newest sister city and the first one in mainland China for Indianapolis. The capital of Zhejiang province is a cultural and commercial...

indystar, on Dec 06, 2008 at 12:22 PM in Business
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Wastewater service company seeks tax abatement for HQ

NOBLESVILLE » A company that provides services to the wastewater industry will ask the Noblesville City Council on Tuesday for a tax abatement to build a corporate headquarters in the city. Boyer-Rexroth proposes to construct an 8,400-square-foot...

indystar, on Dec 06, 2008 at 12:23 PM in Business

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