News & Analysis

Hillenbrand profit falls on acquisition costs

August 4, 2010
 IBJ Staff
Excluding acquisition costs, the Batesville-based maker of caskets exceeded Wall Street forecasts with earnings of $28.1 million.
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Indiana Downs cancels horse races after complaints

August 4, 2010
 IBJ Staff and Associated Press
The Shelbyville track's final race on Monday was canceled after a horse pulled up lame and was later euthanized. The track canceled its full card of Tuesday races.
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Former commerce chief lands at local company

August 4, 2010
Scott Olson
Nate Feltman, former state secretary of commerce, has left his partnership position at Baker & Daniels LLP to become president of Home Health Depot LLP, a growing home-medical-equipment supplier.
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LEADING QUESTIONS: Education guru's back-to-school advice

August 4, 2010
Mason King
LQ_Merisotis_Watch_VideoCollege costs continue to soar, putting more pressure on students. Jamie Merisotis, CEO of the Lumina Foundation, offers advice on how to keep them enrolled and engaged in school.
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Calumet see smaller loss in second quarter

August 4, 2010
 IBJ Staff
The Indianapolis-based owner of oil refineries lost $907,000 in the three months ended June 30. In the same quarter last year, the company lost $26 million.
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Consumers facing record prices for bacon

August 4, 2010
Bloomberg News
The U.S. hog-breeding herd is near the smallest on record, and wholesale pork-belly prices are up 72 percent in the past year, to the highest price since at least 1998.
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Analyst: Arcadia sales poised to take off

August 4, 2010
J.K. Wall
Arcadia Resources’ DailyMed business will grow revenue 10-fold in the next three years and push the Indianapolis-based company into profitability, according to a research report by the first analyst to officially cover the company.
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Q&A

August 4, 2010
J.K. Wall
Dr. Michael Meneghini, 37, became the first orthopedic surgeon at the Indiana Clinic when he joined last month. Until two years ago, he worked mainly at St. Vincent hospitals. After a two-year stint at the University of Connecticut Health Center, Meneghini returned to Indianapolis to be near family.
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Republic Airways profit dips despite higher revenue

August 4, 2010
 IBJ Staff
The 2009 acquisition of Frontier and Midwest airlines more than doubled second-quarter revenue for Indianapolis-based Republic Airways Holdings Inc., the company said late Tuesday, but profit fell because of additional expenses.
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Revenue, earnings up for KAR Auction Services

August 4, 2010
 IBJ Staff
The company had revenue of $470 million in the quarter ended June 30, a 7-percent increase over the $439.1 million it reported in the same quarter of 2009.
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UPDATE: Emmis postpones buyout decision

August 3, 2010
Scott Olson, J.K. Wall
Emmis Communications Corp. on Tuesday postponed a decision on CEO Jeff Smulyan's bid to take the company private, saying it did not receive enough votes from shareholders to reach a quorum.
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CNO Financial profits surge 20 percent, beating expectations

August 3, 2010
J.K. Wall
The Carmel-based life and health insurer earned $33.1 million in the three months ended June 30, or 12 cents per diluted share. Excluding losses on investments and retired debt, the company would have earned 16 cents per share.
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Trustee: Durham used Fair funds for gambling, donations

August 3, 2010
Greg Andrews, Associated Press
The bankruptcy trustee said Durham spent $2.8 million on gambling and resorts, $3.3 million on interior decorating and $14 million on real estate.
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Seven cab companies denied licenses

August 3, 2010
The city of Indianapolis' Department of Code Enforcement rejected the applications largely because the companies didn't have a dispatch facility or didn't have employees to staff a facility.
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Emmis shares skid ahead of buyout vote

August 3, 2010
J.K. Wall
Opposition by preferred shareholders has Emmis shares trading at more than 30 percent below the buyout price of $2.40 per share.
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Bank trying to sell former home of Premier Properties founder

August 3, 2010
Cory Schouten
A Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an asking price of $1.48M.
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Wellness-based development would be first of kind here

August 3, 2010
Tom Harton
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
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Construction

August 3, 2010
Tom Harton
-Browning Construction has broken ground on a 60,174-square-foot diagnosis, education, treatment and surgery center for Indiana Spine Group at 13225 N. Meridian St. The project is scheduled to be completed in September 2011.  

-Shamrock Builders-Commercial has completed construction of a 6,154-square-foot dental office for Daniel S. Martin at 1000 W. Jefferson St., Franklin.
 
-Shamrock Builders-Commercial has completed a 2,125-squhttps://admin.ibj.com/admin/article/workflow/claim?articleId=21452#are-foot tenant build-out for Synapse Neuromonitoring at East 10th Street and Mitthoeffer Road.
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Dow Agro boosts sales, profit in second quarter

August 3, 2010
 IBJ Staff and Bloomberg News
Indianapolis-based Dow AgroSciences improved sales and profit in its second quarter thanks to higher volumes and lower costs, the company said Tuesday morning.
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WellPoint, peers focus on health reform rules, campaign

August 3, 2010
Bloomberg News
WellPoint Inc., UnitedHealth Group Inc. and three other health insurers, criticized by Democrats during the health care reform debate, are seeking to influence how the new law will be implemented, and possibly change it, by campaigning for supportive congressional candidates.
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IU gets $9.2 million grant for 2 global networks

August 3, 2010
Associated Press
Indiana University has won a $9.2 million federal grant to lead two high-speed global networks intended to boost scientific collaborations between U.S., European and Asian researchers.
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Indianapolis making contingency plan for Super Bowl

August 2, 2010
Associated Press
NFL officials and the Indianapolis Super Bowl Host Committee have a contingency plan if a work stoppage postpones the 2012 Super Bowl.
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UPDATE: Walgreens goes 0-for-4 in pursuit of liquor permits

August 2, 2010
Scott Olson
Drug store chain pulls two applications, while local board rejects its request to sell booze at a store on East Washington Street and deadlocks on a 2-2 vote regarding a store on East 86th Street.
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Enforcement lax on teen-driver mobile-phone ban

August 2, 2010
Associated Press
Indiana State Police report ticketing only one driver for violating the cell phone ban, and a state agency that tracks infractions for 160 police departments could find just two other citations.
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Film advocate Heartland aims to raise $12.5 million

August 2, 2010
Kathleen McLaughlin
Heartland Truly Moving Pictures is well on its way to raising $12.5 million to use for numerous film-related projects, the group announced Monday morning during a press conference featuring director Rob Reiner.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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