Auto industry strength boosts Indiana’s outlook
Economists at BMO Harris Bank are projecting “above average” growth for Indiana this year, citing a stronger auto sector and a healthier housing outlook.
IBJ Staff
Articles
Home starts flat in frigid January
Homebuilders filed roughly the same number of building permits in central Indiana last month, 300, that they did in January 2013. The severe winter weather has kept builders at bay, the Builders Association of Greater Indianapolis said.
PROXY CORNER: Bioanalytical Systems Inc.
Bioanalytical Systems Inc. (www.basinc.com), 2701 Kent Ave., West Lafayette, 47906, provides contract-research services to the pharmaceutical industry. In the fiscal year that ended Sept. 30, 2013, Bioanalytical earned $773,000, or 9 cents per share, on revenue of $22.1 million. In the same period a year earlier, the company lost $6.3 million, or 88 cents per […]
Emmis acquiring two New York radio stations for $131 million
The purchase from YMF Media will bulk up Emmis' presence in the nation's largest radio market and is projected to double the company's radio station operating income.
CNO sees higher profit, revenue in fourth quarter
The Carmel-based insurance company reported profit of $106 million, up from $101.2 million in the same quarter of 2012.
Kite paying $1.2B for rival real estate developer
Kite Realty Group Trust will remain in Indianapolis after the purchase, which will balloon its holdings to 131 properties covering 20 million square feet of shopping center space in 26 states.
EDITORIAL: Roll out red carpet for NRA confab
Few trade groups are more polarizing, so city officials, the local hospitality industry and the NRA itself have all been remarkably low-key about the group’s upcoming visit.
Capital Center honored as outstanding building
Capital Center, a downtown twin-office-tower complex, has been honored with The Outstanding Building of the Year award for central Indiana by the Building Owners and Managers Association.
Channel 13 to start morning news at 4 a.m.
Currently, the only local station airing a newscast that early is WXIN-TV Channel 59. Perhaps it’s no coincidence that WXIN’s former general manager, Larry Delia, is now WTHR’s president and general manager.
Ad agency Willow Marketing adds jobs
Indianapolis ad agency Willow Marketing has hired eight more employees since mid-2013, bringing its head count to 21. The jobs range from graphic designers to video producers to project coordinators. Even modest hiring in the public relations/marketing/advertising industry is notable given agency downsizings during the economic downturn, when many clients slashed their ad budgets. The […]
NFP of NOTE: Keep Indianapolis Beautiful Inc.
Keep Indianapolis Beautiful engages diverse communities to create vibrant public places, helping people and nature thrive.
Cummins posts strong 4Q results to boost slower year
The Columbus-based engine maker recorded a 7-percent increase in profit, but full results for 2013 lagged behind 2012.
Auto supplier plans 220-worker plant in Indiana
Switzerland-based Autoneum Holding AG said it will lease 300,000 square feet on a 23-acre site at the River Ridge Commerce Center in Jeffersonville.
Purdue, Cook create $12M fund for life-science startups
The Foundry Investment Fund will join with other investors to provide funding for companies that use Purdue-licensed technology or expertise in human and animal health and plant sciences.
Indy political, business leader Beurt SerVaas dies at 94
SerVaas was elected to the City-County Council in 1962 and served for more than 40 years, including 27 as council president. He was one of the architects of Unigov, the consolidated city-county government plan credited with revitalizing Indianapolis.
Longtime Simon Property CFO stepping down
Stephen Sterrett joined the predecessor to Simon Property Group Inc. in 1989, before the retailing giant went public in 1993 and eventually became the world’s largest mall developer.
Hendricks County man sentenced for Ponzi scheme
A Brownsburg businessman will serve two years in prison and 14 years on probation for his role in stealing $1.5 million from 24 investors in Johnson and Hendricks Counties, as well as Colorado.
EDITORIAL: Commuter tax needs fences
Indy Chamber might incite a little road rage by proposing a commuter tax that would allow Indianapolis to collect revenue from those who work in the city but live outside county lines.