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PROXY CORNER: Kite Realty Group Trust
Kite Realty Group Trust, is a real estate investment trust that engages in the development, construction, acquisition, ownership and operation of shopping centers in the United States.
Indiana universities offer cash incentives for technology transfer
The Indiana Clinical and Translational Sciences Institute awarded $750,000 to 10 teams of researchers.
Butler basketball hires play-by-play announcer
Brandon Gaudin will be the new radio voice of Butler University men’s basketball.
Benesch/Dann Pecar adds lawyers from Barnes & Thornburg
The firm–the product of a merger between a local firm and a Cleveland firm–is bolstering its business reorganization practice.
Local manufacturer Deflecto lives to see 50
Customers intervened to keep inventor of bicycle reflectors, dryer vents from going out of business.
Red Gold expanding Madison County operations
Following $5.1 million investment, the company plans to create 42 jobs by 2012 by expanding its production operations in Orestes.
New store openings drive HHGregg profit
Indianapolis-based appliance and electronics retailer opened 26 new stores in its fiscal first quarter and earned $2.7 million
in profit.
Brightpoint boosts revenue, profit
Brightpoint Inc. on Wednesday reported second-quarter revenue of $788.6 million as the Indianapolis company continued to grow
its share of the wireless device distribution business.
Nordstrom confirms plans to open Rack store in Indianapolis
IBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of the Shops at Rivers Edge.
Hillenbrand profit falls on acquisition costs
Excluding acquisition costs, the Batesville-based maker of caskets exceeded Wall Street forecasts with earnings of $28.1 million.
Calumet see smaller loss in second quarter
The Indianapolis-based owner of oil refineries lost $907,000 in the three months ended June 30. In the same quarter last year,
the company lost $26 million.
Republic Airways profit dips despite higher revenue
The 2009 acquisition of Frontier and Midwest airlines more than doubled second-quarter revenue for Indianapolis-based Republic
Airways Holdings Inc., the company said late Tuesday, but profit fell because of additional expenses.
Revenue, earnings up for KAR Auction Services
The company had revenue of $470 million in the quarter ended June 30, a 7-percent increase over the $439.1 million it reported
in the same quarter of 2009.
Adesa parent reports higher second-quarter profit, revenue
The company earned $28.6 million, or 21 cents per share, compared with $12.8 million, or 12 cents per share, in the year-ago period. Total revenue increased 7 percent, to $470 million.
Seven cab companies denied licenses
The city of Indianapolis’ Department of Code Enforcement rejected the applications largely because the companies didn’t have
a dispatch facility or didn’t have employees to staff a facility.
Alcohol board denies Walgreens’ booze permit application
Marion County’s Alcoholic Beverage Board on Monday denied Walgreen Co.’s application for a permit to sell alcohol at
its location on East Washington Street in Irvington, citing neighbors’ opposition. The panel split 2-2 on a permit for its
Nora store. Earlier, the drugstore chain withdrew two
other requests.
Celadon reports higher quarterly, fiscal-year profit
CEO Steve Russell attributed the improved earnings to a recovering freight environment, coupled with a decrease in
competition. Celadon also is benefiting from increased trade with Mexico.
Simon Property Group reports improved quarterly results
The Indianapolis-based real estate giant experienced higher occupancy and sales at its shopping malls compared to a year ago.
EDITORIAL: City needs to keep momentum from utilities deal
We’re happy to see that partisanship didn’t sink Mayor Greg Ballard’s plan to sell Indianapolis’
water and sewer utilities to Citizens Energy Group. Now city leaders need to make sure they spend the money wisely.