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News & Analysis
Celadon profit, revenue slides; shares to be listed on NYSE
October 28, 2009
IBJ StaffIndianapolis-based trucking company Celadon Group Inc. on Wednesday reported lower revenue and profit during its most recent
fiscal quarter, and also announced plans to list its shares on the New York Stock Exchange instead of the NASDAQ starting
Nov. 10.
MoreGM to draw government funds for Delphi costs, source says
October 28, 2009
Associated PressGeneral Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a
chunk of troubled parts supplier Delphi Corp., a person briefed on the company's finances said Wednesday.
MoreGrill maker to locate HQ in Indiana, hire 300
October 28, 2009
IBJ StaffWaterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill
production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
MoreWellPoint shares flat after profits beat analyst predictions
October 28, 2009
J.K. WallWellPoint Inc.'s third-quarter profits soared above analysts' expectations, but the insurer remains cautious in the face of
the flu and high unemployment.
MoreCenter Township seeks redevelopment bids for former YMCA
October 28, 2009
Cory SchoutenThe owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down the building
and redeveloping the prime 2-acre site.
MoreKing Systems, Steel Dynamics fined over safety violations
October 28, 2009
Cory SchoutenThe Indiana Department of Labor has slapped two Indiana companies with fines of about $200,000 each for repeated safety violations
that put workers at risk.
MoreNew IT firm to create 400 jobs in Kokomo
October 28, 2009
IBJ StaffZuna Infotech will locate in Kokomo's Inventrek Technology Park, a high-tech business incubator and state-certified technology
park.
MoreDoctors balk at Senate attempt to cut waste
October 28, 2009
J.K. WallSome Indianapolis-area doctors fear a bill in the U.S. Senate would botch the way costs for tests and procedures are calculated,
and ultimately
lead to a reimbursement system that works worse than the existing system.
MoreWellPoint's third-quarter profits beat expectations
October 28, 2009
J.K. WallWellPoint Inc.'s third-quarter profits fell 11 percent, the company reported this morning, but still soared above analysts'
expectations.
MoreConcrete firm agrees to pay $29M in price-fixing case
October 27, 2009
IBJ Staff and Associated PressA lawyer says Irving Materials Inc. has agreed to pay $29 million to settle a class-action antitrust lawsuit alleging it and
six other companies conspired to fix the price of ready-mixed concrete.
MoreIndiana lands $39.4M in power-grid stimulus grants
October 27, 2009
IBJ Staff and Associated PressIPL will receive $20 million to help pay for a $48.8 million project to install more than 28,000 smart meters; Midwest ISO
will get $17.3 million toward a $34.5 million project to install 150 phasor measurement units.
MoreSmoking-ban backers, opponents vow to keep battling
October 27, 2009
Brock BenefielSupporters of a stricter ban on smoking in Indianapolis workplaces said the City-County Council's decision Monday night to
table the proposal will not kill efforts to get legislation passed.
MoreChallenges remain for Emmis despite NASDAQ save
October 27, 2009
IBJ StaffShares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished
trading above $1—preserving the company's listing on the NASDAQ stock exchange, but big challenges remain for the locally
based owner of radio stations and magazines.
MoreWith airport hotel stalled, Hendricks County makes its move
October 27, 2009
Cory SchoutenHendricks County's moves to entice a developer to build a conference hotel in Plainfield could further crimp plans
for
a
hotel attached to the new Indianapolis International Airport terminal.
MoreRevenue, profit on rise for Interactive Intelligence
October 26, 2009
IBJ StaffIndianapolis-based business software firm Interactive Intelligence on Monday reported higher third-quarter profit on
record revenue of $33.2 million.
MoreCouncil tables smoking ban
October 26, 2009
Brock BenefielEfforts to broaden Indianapolis' workplace smoking ban came up short Monday night as members of the City-County Council voted
to table the proposal. The ordinance would have prohibited patrons from lighting up in bars, bowling alleys and nightclubs,
expanding an existing law that prohibits smoking in most public places, including restaurants that serve minors.
MoreLilly to move 1,000 from Faris campus
October 26, 2009
J.K. WallAs it shrinks its work force, Indianapolis-based pharmaceutical firm Eli Lilly and Co. will move more than 1,000 employees
to its corporate
center
by mid-2010.
MoreIndy Chamber of Commerce endorses smoking ban
October 26, 2009
Cory SchoutenThe Indianapolis Chamber of Commerce is throwing its weight behind a tougher workplace smoking ban up for consideration tonight
by the City-County Council.
MoreHendricks County offers land for hotel development
October 26, 2009
IBJ StaffThe Hendricks County Convention and Visitors Bureau said Monday that it is asking for proposals to develop a full-service
convention hotel on up to 18 acres in Plainfield at the intersection of Interstate 70 and Highway 267.
MoreOld National reports earnings well below expectations
October 26, 2009
IBJ StaffEvansville-based Old National Bancorp on Monday morning reported a third-quarter profit of $4 million, or 6 cents per diluted
share, missing
consensus analyst expectations by about 5 cents per share.
MoreLilly Endowment gives $10M to improve charities' facilities
October 26, 2009
Kathleen McLaughlinLilly Endowment will give United Way of Central Indiana $10 million to replenish its capital improvement program, which
helps not-for-profit agencies repair and upgrade their buildings.
MoreEmmis stock closes at $1.53, avoids delisting
October 26, 2009
IBJ StaffShares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished
trading above $1—preserving the company's listing on the NASDAQ stock exchange.
MoreI-465 bridge in Indianapolis reopens after blast
October 25, 2009
Associated PressThe left eastbound lane over the eastbound bridge and the Interstate 69 southbound ramp to I-465 southbound will remain closed
through midweek as crews continue repair work.
MoreRelated-party loans pile up at Durham-owned finance firm
October 24, 2009
Greg AndrewsIndianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
MoreOpportunists hunt deals in commercial real estate
October 24, 2009
Cory SchoutenJust about every player in the real estate business—whether individual investor, private-equity fund or publicly
traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial
property.
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liek the rest of America
These quaint,obsessed musings by the stalkers are certainly entertaining, but I'm trying to figure out what, if anything, all the yelping below has to do with Zak Brown.
It's evident that Moffett was pushing the right buttons and corporate America is now trying to squash him. He just wanted to withdraw the free pilot services provided to the company by the pilots to try and put some pressure on a company that has not been interested in negotiating a contract in over 5 years. The company does not provide a contract because not having one has saved them a bundle of money. Shame on any Republic pilots not standing behind their union leader just because things are getting tough, can you not see such strategic moves by the company as putting the last union president in a corporate position and into THEIR pocket. Do you really believe the last union president is so appalled at the attempts by Moffett, do you not remember his oppositions to the company? We stood behind him. It has been proven over and over again for thousands of years without fail, a man cannot serve two masters. Anyone that believes people vote contrary to their paycheck and livelihood deserve to be taken advantage of, the recent statements by the former union president are laughable as he denounces the current union president from his new corporate position. Have you ever seen a drafted sports player score points for his previous team, it cannot be done, he is not on the pilots side anymore, he gets his money a different way now than you and I do, and he should not be allowed to remain on the seniority list. A drafted player brings strength, credibility, tactical knowledge, and a strategic advantage to his NEW team, he would not be drafted or paid were it otherwise. We are all forced to choose only one side to play for and support, not doing so has many references in life such as insider trading and shaving points, all illegal for good reason. This basic fact is why corporate moguls, scientist, and engineers all sign non-discloser agreements and non-compete clauses, as protection in case they are lured into switching sides as our former union president has done. No NFL coach ever drafted a player so that both teams could benefit and better understand each other, they are recruited to win the game against that former team, period. Likewise the company does not recruit the former union president by accident or mutual understanding, its strategy. Don't confuse playing the game with good sportsman-like conduct in support of common business and prosperity goals, with the requirement to only play for one side. Good men we all love and favor fall subject to this manipulation, often without their knowledge, and it is not a betrayal of their friendship to oppose them when they switch sides. If we did not love and trust them, they would not have been chosen and lured to the other side in the first place. The deception by the drafted player is not made at a conscious level, it's just human nature and it's all about money and power which corrupts our ability to be objective and loyal to two masters. This is why our court system created the defense attorney, and why our military created counter intelligence. Its strategy and its propaganda, and it works, and that's why the "powers to be" manipulate the chess pieces by sometimes changing their colors. Some players know they are being manipulated when their color is changed, but it brings them more money and power so they do not care. The rest have good intentions but do not even realize they are being manipulated. This tactic is also known by another name, Divide and Conquer. In battle sending an imperfect message with an imperfect team is obviously not ideal, but it's still being sent by YOUR team, your union leader, a leader that has common goals and common rewards with you, they are the best, because we have elected them to do a job for us. If you are not backing Moffett but believing the spin by those that have recently switched sides, you are taking food out of your own mouth. Showing unity and backing an imperfect situation still results in taking just as much ground, it's about unity and bargaining power. It's not necessary to wait around for that perfect attack because it will never come, the company will spin and attempt to destroy anyone that gets in their way. Ultimately it's not about any specific attack anyway, ASAP or whatever it makes no difference, it is and always has been only about power. If this company cared about safety it would not build pairings with 8 hour overnights, come on, are you that naive? Besides, do you really think Hoffa cares, no, he got a call from corporate America and was squeezed into denouncing Moffett. If he didn't they would spin the safety card against him and the Teamsters National with implication for truckers, future contracts, insurance rates etc...saying something like the Teamsters use safety as a bargaining chip, blah blah blah... Do you really think any pilot is going to do something unsafe for the contract, absolutely not, the only ones threatening safety here is the company with reduced rest, fatigue, and poverty. Do you not find it odd that Hoffa and the Teamsters are opposing a Teamster president publicly? Would the Teamsters National not normally support and work with one of their own? Why did they not sit down and help him strategize, correct any mistakes, and charge ahead? Would the Teamsters National not normally support and leverage a contract for all those pilots that have been paying Teamster dues, isn't that why we have all been paying Teamster dues in the first place? I sure haven't been paying dues so that the Teamsters National could come along and write this kind of an article undercutting our union leader and our unity. Whose side is the Teamsters National really on, it's obviously not the Republic pilots side.
No matter what Moffatt does the company is going to spin it like he is the terrorist and brainwash people like you into believing it, wake up, back your players that are trying to change things for you and your livelihood. Where has Hoffa been for the last 6 years, except collecting our dues. Seriously, do you really think an FO going for upgrade, signed off by a checkairman ready for the upgrade, who then fails, is not even capable of returning as a First Officer.
whoa!