ITT Educational OKs bonuses to keep managers in place
Carmel-based ITT Educational Services Inc.’s management team will get special cash bonuses if they remain with the company until the end of June, ITT disclosed in a regulatory filing last week.
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Indiana Seed Fund makes 11th investment
A $250,000 investment in Aarden Pharmaceuticals will go toward advancing tuberculosis therapy through the pre-clinical development stage.
EDITORIAL: Our wish list for next year
We don’t expect all our holiday wishes for the New Year to come true. We’re not that naïve. But in this season of hope, we’d like to offer these familiar refrains—and end with some proof that dreams do, sometimes, come true.
Rolls-Royce, Raytheon win $154M in military contracts
A pair of Indianapolis military contractors scored new government deals worth a combined $154.4 million, the Department of Defense announced late Wednesday.
CIB seeking bids for stadium, convention security
Request for proposals calls for providing 24-hour security at both Lucas Oil Stadium and the Indiana Convention Center, as well as providing armed guards for special events. The CIB plans to award contracts in mid-March.
PROXY CORNER: First Merchants Corp.
Muncie-based First Merchants Corp. operates about 80 banking offices, nearly all in Indiana.
Centerfield invests in California company
Centerfield Capital Partners’ investment in Fresh Food Concepts Inc. is the 12th deal from the local venture capital firm’s second fund.
Skillman won’t run for governor’s seat in 2012
Lt. Gov. Becky Skillman issued a statement Monday morning announcing that “minor” health issues will keep her from running for Indiana governor in 2012.
Duke Realty planning $967M in property deals
The Indianapolis-based real estate investment trust said it will sell 3.1 million square feet of suburban office space for $516.7 million and buy 4.9 million square feet of mostly industrial space for $450 million.
Deal saves Carmel, Fishers commuter bus routes
The service, funded for the last three years by a federal grant that expires on Dec. 31, 2010, was set to end on that date unless new arrangements could be made.
Airport consultant presents long-term land-use plan
Much-hyped study won’t portend immediate investment, but will help steer development on and around airport through 2040.
State unemployment rate dips to 9.8 percent
Indiana’s jobless rate dropped for the second month in a row and has decreased four-tenths of a point since hitting 10.2 percent this summer.
Rolls-Royce scores more military business
Rolls-Royce Corp. landed more than $100 million in new business this week, winning two contracts to provide support for aircraft engines it makes in Indianapolis for the U.S. Army and Navy.
2010 Holiday Wish List
The following is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
NFP of NOTE: Little Red Door Cancer Agency
Little Red Door is committed to serving people with cancer in the greater Indianapolis area and surrounding counties who lack financial means or adequate insurance.
EDITORIAL: Have faith in fantasy despite real-life woes
Some days, it’s hard to believe in Santa Claus. It’s altogether too easy to be “affected by the skepticism of a skeptical age,” as the New York Sun’s Francis Pharcellus Church wrote in his famous response to an 8-year-old girl’s inquiry about the existence of the Jolly Old Elf.