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IBJ Staff
Articles
Basiles give big gift to Carmel performing arts center
The center will recognize the donation by naming
the cafe and gift shop inside the 1,600-seat concert hall after the Basiles.
Stericycle to expand in Indianapolis
Illinois-based medical waste disposal firm Stericycle Inc. will expand its Indianapolis operations, creating as many as 109
jobs by 2011, the Indiana Economic Development Corp. announced Wednesday.
Report: Insurers secretly funded ads attacking health reform
Indianapolis-based WellPoint Inc. reportedly joined fellow health insurance giants to fund TV ads as insurers tempered their
support for reform.
Kittle’s Furniture shuffles executives, names new CEO
Jim Kittle Jr., the company’s owner and chairman of the board, will be less involved in daily operations, giving two executives
more responsibility.
Hillenbrand acquiring conveyor manufacturer
The Batesville holding company said it will purchase K-Tron International Inc. in New Jersey for about $435 million, including
$45 million in K-Tron debt and cash on hand. The deal is expected to close by the end of March.
Office furniture dealer acquires competitor
Commercial Office Environments gets larger with its purchase of Area 4 Office Furniture. Operations of the two companies will
be consolidated at Commercial Office Environments’ facility on Zionsville Road.
High-end audio firm Indy Audio Labs powers up with new hires
An upstart audio products company with offices at Purdue Research Park at AmeriPlex has brought in big guns to launch sales.
Health care spending slows in most sectors, but government spending increases
Health spending is growing slower than it has in 48 years, but whether health care reform will continue the trend is the
subject of debate here and around the country.
Indianapolis Economic Development reports healthy 2009 job attraction, retention numbers
The organization responsible for attracting new businesses to Marion County and helping companies already
located here with expansion secured 11,135 job commitments and $157 million in private investment from
45 companies in 2009.
The Flying Cupcake is among restaurants expanding as others contract
Bobby Joe’s Beef and Brew, a popular home-grown restaurant at Southport Road and Interstate 65,
has closed. Riviera Maya, billed as an authentic Mexican restaurant, is slated to replace Old Town Ale
House in Fishers
Carmel’s performing arts center hiring key staff
With a year to go before completion of a 1,600-seat concert hall, Executive Director Steven Libman added Jeremy Hatch as development
director.
Lucas Oil Stadium lease for Final Four is on CIB’s front burner
Greg Shaheen, NCAA senior vice president of basketball and business strategies, said the deal needs tweaking
because Lucas Oil Stadium was in the conceptual stages when Indianapolis won the bid to host the 2010
Final Four.
Children’s Bureau consolidates
The Children’s Bureau Inc. has moved into offices in the Gene Glick Family Support Center.
The move represents the first time in 50 years that Children’s Bureau administrators have worked in the same building
that
houses their programs for families and children in crisis.
EDITORIAL: Biglari putting Steak n Shake’s future at stake
The company’s return to profitability under CEO Sardar Biglari can’t be overlooked. But neither can strong signals
that Steak n Shake’s CEO is using the venerable restaurant chain as a cash machine to finance his
bigger goals.
PROXY CORNER: Zimmer Holdings Inc.
Zimmer Holdings Inc. develops, manufactures
and markets orthopedic and dental reconstructive implants, spinal implants, trauma products and other related surgical products.
Johnson County woman guilty of securities fraud
Wanda Robertson was sentenced to eight years in prison, with four years suspended, after pleading guilty Wednesday.
Hill-Rom hires new CEO
John J. Greisch was most recently president of international operations at Baxter International Inc.