Daniels appoints new social services chief
Indiana Gov. Mitch Daniels has accepted the resignation of Family and Social Services Administration Secretary Anne Murphy and has appointed the agency’s chief of staff, Michael Gargano, to replace her.
IBJ Staff
Articles
Quick Hits: Indianapolis dwarfs Milwaukee in convention, tourism business
Indianapolis and Milwaukee are about the same size, with 1.7 million and 1.6 million people in their respective metro areas, but Indianapolis’ convention trade is better developed.
Teachers Credit Union chooses new leader
Senior vice president Paul A. Marsh will take over for Richard J. Rice, who has been president of the credit union since 1987.
City names new controller, communications director
Jeff Spalding, a former financial administrator at the Indiana Commission for Higher Education, has been named controller for the city of Indianapolis.
Dealer Expo returning to Indianapolis through 2016
Massive powersports trade show Dealer Expo has committed to keep its annual event in Indianapolis through at least 2016—extending its stay by five years.
Citigroup subsidiary agrees to $717,000 Indiana fine
The penalty stems from charges that Citigroup Global Markets failed to monitor a former agent accused of working with Robert Nelms, who was sentenced in May for securities fraud involving a $24 million cemetery trust fund operated by Indianapolis-based Memory Gardens Management Corp.
Emmis faces NASDAQ delisting danger again
Emmis Communications Corp. spent much of last year in danger of being delisted from the NASDAQ stock exchange. Now, it’s back in the same precarious position.
City revokes four cab companies’ licenses
The license revocations stemmed from violations such as failure to maintain a dispatch log, failure to maintain a dispatch facility and failed body or mechanical inspections.
Indiana life sciences upstarts tap health reform booty
The federal legislation is roundly criticized at a BioCrossroads meeting, but some firms have found a silver lining.
Sam Schmidt Motorsports moves into Tony George’s former shop
Old Vision Racing HQ gives Schmidt team room to expand.
Fishers Arts Council cranks up effort to support creative community
The Fishers Arts Council, which merged this year with the Fishers Cultural Alliance, is looking to become the suburb’s foremost arts advocate.
NFP of NOTE: Flanner House of Indianapolis
Flanner House of Indianapolis supports, advocates for and empowers individuals, children and families by applying educational, social and economic resources that move the community toward self-sufficiency.
EDITORIAL: Building safety requires oversight
The saga of the Di Rimini apartments is a cautionary tale, and one Indianapolis officials would do well to heed.
Library cuts 37 employees in effort to reduce deficit
The Indianapolis-Marion County Public Library’s decision to reduce its work force is in response to expected revenue annual shortfalls of up to $4 million through 2013. The cuts follow a reduction in hours last month.
KAR Auction reports higher profit, revenue
The auction company had revenue of $445.3 million in the quarter ended Sept. 30, a 4-percent increase from same quarter of 2009. Profit tripled, to $25.6 million.
Kite Realty improves third-quarter results
Indianapolis-based Kite Realty Group Trust improved its financial performance in the third quarter, reporting funds from operations of $7.8 million, up from $2.8 million in the same period last year despite a slight dip in revenue.
Fishers valve maker plans expansion
Nexus Valve Inc. plans to invest $2.3 million to expand its headquarters and distribution operations, adding up to 21 jobs by 2015.
Brightpoint shares rise after results top expectations
The wireless-device distributor reported revenue of $889 million in the third quarter, an increase of 3 percent compared to the same quarter of 2009.