The amount paid to lawyers so far nearly accounts for the entire $1.8 million that a Fair Finance trustee has recovered so far for investors of the Akron, Ohio-based company led by indicted financier Tim Durham.
Indianapolis-based HP Products Corp. has acquired Renard Paper Co., a 58-year-old distributor of commercial-cleaning, paper and food-service products, based in the St. Louis area.
Pending home sales in the nine-county metropolitan area climbed 7 percent in August compared with the same month a year ago, marking the fourth straight month of year-over-year increases.
Progress Rail Services, which said last October that it would create up to 650 jobs in Muncie by 2012, now expects to employ just 250 people at the plant by the end of next year, according to a magazine.
David Swanson had requested to be let out of prison until an appeals court hears his case for early release later this month. He’s serving a 12-year sentence for wire fraud, money laundering and tax evasion.
Directors appointed Jeffrey G. Belskus president and CEO of the Terre Haute-based company effective Oct. 1. Hulman & Co. is the family owned firm that oversees the Indianapolis Motor Speedway and IndyCar Series, as well as Clabber Girl Baking Powder and other holdings.
Computerized machine tool maker Hurco Cos. Inc. on Friday announced its third consecutive quarterly profit, helped in part by its best sales performance ever in Asia.
Howe-based Cruiser RV LLC will begin hiring this month as part of an $850,000 expansion to add a new production line in nearby LaGrange.
The city of Indianapolis is launching a $20 million war on abandoned houses without a plan for dealing with the properties after the wrecking-ball dust has settled.
The Office of Energy Development is dispensing grants of up to $500,000 to help private- and public-sector organizations convert their vehicles.
Annual program put on in conjunction with Ice Miller law firm will offer more workshops on business fundamentals.
For the season, the city’s minor-league baseball team drew 580,082 fans to Victory Field over 71 home dates. The franchise has posted year-over-year attendance increases in four of the last five seasons.
The three-day drew 150,000, about 50,000 more than organizers had hoped.
Shelbyville racetrack and casino could save millions if it successfully contests the way Indiana interprets state tax law.
The not-for-profit musical theater company has grown its subscriber base and raised $2.6 million toward a $10 million goal, Executive Director Cheri Dick said.
Tridien Medical, a Coral Springs, Fla.-based manufacturer of therapeutic support surfaces, plans to expand its plant in Fishers, adding up to 40 new jobs by 2013, including 25 in the next year.
The day before closing on a $120 million sale of three radio stations, Emmis was warned about non-compliance with NASDAQ’s minimum-price rule for the third time in two years.
Every business sector has influential players, whether they are in the public eye or wield their influence behind the scenes. This month, IBJ zeroes in on Health Care and Benefits.
