EDITORIAL: Program gives people a financial leg up
Nearly 80,000 people in the city are “unbanked” and therefore lack this basic building block to financial health. A new program called Bank on Indy aims to change that.
IBJ Staff
Articles
PROXY CORNER: Arcadia Resources Inc.
Arcadia Resources Inc. markets and sells surgical supplies, orthotic and prosthetic products, and durable medical equipment, such as wheelchairs and hospital beds and provides oxygen and other respiratory therapy services and equipment.
Western-themed restaurant to open in Union Station
The Cadillac Ranch restaurant will feature a mechanical bull above an inflatable floor.
State charges Stifel Nicolaus didn’t disclose risks of auction-rate securities
An administrative complaint filed today by the Indiana Secretary of State’s Office alleges Stifel Nicolaus failed to disclose
risks associated with the sale of auction-rate securities to 141 Hoosiers who invested $54.9 million.
People in the news
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Irsay joins ranks of nation’s wealthiest
Indianapolis Colts owner Jim Irsay has joined the ranks of the richest Americans, earning a spot on this year’s Forbes
400 list of the nation’s wealthiest people.
Whirlpool agrees to maintain Evansville operations
Whirlpool Corp. has notified state officials that it will continue to operate its refrigeration product development center
in Evansville that employs nearly 300 people.
Dow Agro to become Purdue research tenant
Officials of Purdue University and Dow AgroSciences unveiled a collaboration Wednesday in which the Indianapolis-based company
will become one of the largest tenants at the Purdue Research Park in West Lafayette.
Purdue student-inventor nabs VC on TV show
A Purdue University student who invented a soy-based modeling dough walked away with a $300,000 investment after appearing
Tuesday on the ABC show “Shark Tank.”
Indiana hospitals settle Medicare lawsuit
Six hospital systems, including three in Indiana, have agreed to pay the federal government $8.3 million to settle a whistleblower
lawsuit alleging the hospitals deliberately overcharged Medicare for routine back surgeries.
Indiana mine operations to close, costing 80 jobs
Peabody Indiana Services LLC notified the Indiana Department of Workforce Development on Monday that it will close its surface
mine operations at Francisco in southwestern Indiana, putting about 80 employees out of work.
Georges put north-side estate up for sale
Tony George and his wife, Laura, have put up for sale their 12-acre, wooded estate at 8030 Spring Mill Road on the north side
of Indianapolis.
Hat World acquires Minnesota sporting goods dealer
Indianapolis-based Hat World Inc. said Monday that its Impact Sports division has acquired Great Plains Sports in St. Paul,
Minn.
Local Better Business Bureau names new leader
William J. Thomas has been named president of the Better Business Bureau of Central Indiana, the organization announced Monday.
Renewable-energy firm eyeing Tipton County plant
A renewable-energy firm is considering manufacturing solar panels in an empty Tipton County plant where transmissions were
to be built for Chrysler automobiles, according to the Kokomo Tribune.
Carmel company plans to expand, add employees
Dealer Services Corp. announced Monday morning that it plans to create up to 60 jobs by the end of 2012 and invest $6.4 million
in its Carmel headquarters.
WIBC wins Marconi Award for station of year
Emmis Communication Corp.’s WIBC-FM 93.1 won the 2009 Marconi Radio Award for Large-Market Station of the Year yesterday in
a ceremony in Philadelphia.
Indiana improves in business tax ranking
Indiana is becoming more business-friendly, according to the latest national ranking from the Tax Foundation, which moved the state
up two places to 12th.
MZD, Kron add clients to roster
Two local advertising agencies recently signed new clients: MZD Advertising signed a deal to be agency of record for Edward’s Transmissions and Engines, and Kron & Associates recently was named agency of record for the School of Adult Learning at Anderson University.
Historic building gets reprieve
The Historic Landmarks Foundation of Indiana and the Salvation Army have worked out a deal that could save a Queen-Anne-style
building on Michigan Street just west of Alabama Street.