Falling demand for wireless devices and discounted prices caused locally based Brightpoint Inc.’s revenue to drop 36 percent in the fourth quarter of 2008 compared with the same period a year ago, the company said today. The Indianapolis-based mobile technology distributor reported a loss of $344.4 million on $1 billion of revenue for the […]
Indianapolis-based medical device startup NICO Corp. yesterday announced it has raised another $1.73 million from investors. NICO was founded last year by the same core group of entrepreneurs who formed automated breast-biopsy device-maker Suros Surgical Systems Inc., one of the fastest-growing companies in Indianapolis history. Just six years after starting Suros in 2000, they sold […]
Funeral arrangements for a fourth grade boy killed by a school bus are being kept private. Family members will gather today to remember Christopher Michael Beltz, 10, who was struck by the bus Friday morning at Spring Mill Elementary School. The family is asking interested Hoosiers to make donations to the Northview Christian Life Church […]
Indianapolis Colts defensive end Darrell Reid faces disorderly conduct and trespassing charges following his arrest early yesterday morning on East 82nd Street near Allisonville Road. Police officers trying to clear the parking lot outside the Oxygen Lounge say Reid kept insisting he be let into the club. After repeated warnings, they arrested Reid when he […]
Camp Atterbury in Edinburgh will host a departure ceremony this afternoon for 60 Hoosiers soldiers heading to Afghanistan. Members of the National Guard’s 119th Agribusiness Development Team will help Afghan leaders improve their farming practices. The ceremony begins at 2 p.m. in Building 722 at the Camp Atterbury Joint Maneuver Training Center.
Arcadia Resources Inc., an Indianapolis-based provided of health care services, this morning reported a loss of $2.6 million on revenue of $35.2 million for its third fiscal quarter, which ended Dec. 31. The loss was 7.7 percent more than the company reported in the same period a year earlier. Arcadia provides home health care equipment, […]
The Indy Racing League is considering delaying adoption of its new engine formula by a year—to 2012—so teams
can afford to make the switch.
Two Indiana businessmen, Michael Maurer and the late Jesse Cox, made the Philanthropy 50 with enormous gifts to Indiana University in 2008.
Angel investor Bob Compton has produced a pair of sequels to his 2007 documentary film "Two Million Minutes," which examined the differences between education in the United States, India and China.
The not-for-profit King Park Area Development Corp. is working on plans for a retail development at the vacant northeast corner of 22nd and Delaware streets.
The Indianapolis Airport Authority has fired back against a Hebron, Ky.-based contractor that alleged in a lawsuit last December
that the airport operator failed to pay in full on a $14.7 million contract to build aircraft parking spaces.
The Indianapolis Museum of Art is one step closer to establishing its first conservation science lab, which Conservator-in-Charge David Miller said would put the IMA on par with museums in New York, Chicago and Boston—at least in terms of technology.
Creativity and transparency are required to fix the Capital Improvement Board’s financial woes.
Cook Medical has split its interventional devices business into two units, pulling its lesser known cancer products out from under the shadow of its heart products.
The Baskin-Robbins ice cream chain hopes to add more than 50 franchise locations in the Indianapolis area.
Fairbanks is focused on recovery from alcohol and other drug problems, serving as a resource to improve the well-being
of individuals, families and communities by offering hope and support through its programs and services.
