Business bank reports second-quarter loss
Indiana Business Bank’s restructuring of a real estate loan leads to loss of $484,678 in the second quarter.
IBJ Staff
Articles
Van Rooy buys Greenwood apartment complex
Indianapolis-based company purchases 438-unit Westminster Apartments from court-appointed receiver. The listing price of the property was $8.2 million.
Hurco reports smaller loss on higher revenue
The Indianapolis-based machine tool maker said the increase in sales primarily was driven by increased demand for computerized metal cutting machines, particularly in the Asia Pacific region.
Dow Agro acquires Colorado seed company
Grand Valley Hybrids has been growing and conditioning hybrid seed corn in the West since 1946.
EDITORIAL: University research funding is on right path
Indiana’s public universities aren’t garnering enough research funding, and the research they’re conducting isn’t churning out high-paying jobs in quantities everyone would like, but Hoosiers shouldn’t be wringing their hands in despair.
Quest Information Systems software powers online voter registration in Indiana
Indiana voters are getting a hands-on opportunity to use software created by a Castleton company that works in the minefield that is government contracting.
Young & Laramore wins Indiana Farm Bureau account
Young & Laramore “will embark on a brand positioning assignment, and will handle all advertising and marketing communications” for the insurance company.
Sarbanes-Oxley co-author speaking at INVESTIndiana conference
Former Ohio congressman Michael G. Oxley will join Gov. Mitch Daniels as a speaker at the event.
Hoosier pitches solar-power solution
An Arcadia man has developed a novel way to generate alternating current from the sun.
Hat World acquires New York sporting goods dealer
The purchase of Anaconda Sports helps Hat World to grow its LIDS Team Sports division, created to expand the Indianapolis-based company’s reach beyond hat retailing.
PROXY CORNER: Noble Roman’s Inc.
Noble Roman’s Inc. is a franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs restaurants.
Indianapolis software firm RealMed acquired
Health care software firm RealMed Corp. will keep its base of operations in Indianapolis after being acquired by health information exchange provider Availity LLC of Jacksonville, Fla. Terms of the deal announced Wednesday were not disclosed.
Local venture capital firm launches investment arm
Heron Capital Equity Partners seeks to invest $1 million to $10 million in private companies headquartered within 250 miles of Indianapolis. HCEP is part of Heron Capital, one of the largest venture capital funds in the city.
Ex-Dow Agro scientist’s espionage indictment unsealed
A federal indictment unsealed Tuesday in Indianapolis charged 45-year-old Ke-xue "John" Huang
with theft and attempted
theft of trade secrets to benefit a foreign government.
Kokomo firm taps state tax credits to make animated film
Kokomo-based Bach Morris Technologies Corp. will spend $2.4 million to produce “Whoever Heard of a Herd of Fird?”
a movie based on company co-founder Othello Bach’s 1984 best-seller “Whoever Heard of a Fird?” A Ball State
University commercial spinoff will provide production and design services.
Metropolis mall purchased by Israel firms
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier
Properties USA Inc. developed Metropolis, with an investment of $160 million.
City parking agreement to receive first scrutiny
Indianapolis’ Department of Public Works Board and its City-County Council Rules and Public Policy Committee both will meet
on Monday to consider the long-term deal. It would need approval from the City-County Council before taking effect.
Bid deadline looms for former Hilbert mansion
The 25,000-square-foot mansion once owned by Conseco Inc. founder Stephen Hilbert was listed five years
ago at $20 million—and
about half that in recent months. Now the property is being sold in a sealed-bid auction, and offers are due Friday.