Dow AgroSciences LLC announced today it is acquiring sales, marketing, agronomy and product development assets of Wabash-based Brodbeck Seed Inc. Financial terms were not disclosed. Brodbeck, which develops corn, soybean and wheat seeds, will remain headquartered in the northern Indiana city and be reconstituted as Brodbeck Seeds LLC. Dow AgroSciences said the deal will build […]
Cooling global markets and the rising strength of the dollar will weaken Indiana exports and ultimately hurt the state’s economy next year, a panel of Indiana University economists said this morning. Employment will fall through most of 2009 and leave the state with 10,000 to 15,000 fewer jobs than in 2008, said the economists, who […]
Toshiba Office Solutions has acquired HPS Office Systems from ImageTec LP less than two years after Illinois-based ImageTec bought the Indianapolis supplier of copiers and other office equipment. Leon Mordoh sold HPS to ImageTec LP in December 2006 for more than $6 million. HPS was the fifth-largest Indianapolis-area office-equipment dealer. Mordoh said at the time […]
Minneapolis-based retailer Target Corp. announced today that it will shutter its location at 3700 S. East St. The store is south of downtown but north of I-465. Target said the store, which will remain open until Jan. 17, is being closed “after careful consideration of the long-term viability of this specific location.” The 84 employees […]
U.S. Sen. Richard Lugar isn’t interested in becoming secretary of state in the administration of President-elect Barack Obama, according to an MSNBC report today. Nor is Lugar interested in any other position in Obama’s cabinet, the report said. However, a spokesman for Lugar, who serves on the Foreign Relations Committee, said he was looking forward […]
Locally based Kite Realty Group Trust will report its third quarter earnings after the stock market closes this afternoon. The developer has seen its shares flounder as investors predict a slow holiday shopping season will hurt retail real estate firms. Shares dropped as low as $4.21 in recent weeks but fetched more than $6 this […]
Indianapolis-based Miller Pipeline Corp. has made its second acquisition since June, this time snagging Dover Contracting Inc. Headquartered in its namesake town in Ohio, Dover is an underground pipe contractor, and has 50 employees. The company serves gas utilities in Ohio, Pennsylvania, Kentucky and West Virginia. Miller is owned by Evansville-based electricity and natural gas […]
A Dayton, Ohio, television station is reporting that a company that helps home-school parents develop curriculum has narrowed its choice for a relocation to the eastern Indiana city of Richmond or a city in Iowa. WHIO-TV Channel 7 didn’t identify the company or its source of the report. However, the station said the company would […]
Republican Gov. Mitch Daniels will be staying in the Statehouse for a second term. The Associated Press declared Daniels, a former Eli Lilly and Co. executive, the winner over Democrat Jill Long Thompson at 7:05 p.m. Thompson, a former U.S. representative from northern Indiana, was running close to Daniels as of this summer, but polls shows […]
Heartland Bancshares Inc. said today it lost $323,000 in the third quarter because it set aside additional reserves in anticipation of two used car lots’ not repaying their loans. The Franklin-based parent of Heartland Community Bank said it increased its loan loss provision to $1.1 million from $60,000 in the same quarter last year. Without […]
Kevin Wampler, chief financial officer of The Finish Line Inc., has joined Dollar Tree Inc. in the same role. Normal 0 MicrosoftInternetExplorer4 Dollar Tree, headquartered in Chesapeake, Va., is a retailer specializing in selling items for less than $1. Wampler will be replaced on an interim basis by Finish Line Chief Operating Officer Steven J. […]
Indianapolis-based insurer OneAmerica Financial Partners Inc. has received upgrades from Moody’s Investors Service along with a lavish dollop of praise. Moody’s bumped the senior debt rating to Baa1 from Baa2. OneAmerica’s main insurance arm, American United Life Insurance Co., was pushed to A1 from A2. Profit and stability have improved as OneAmerica exited the reinsurance […]
Steven J. Schneider, chief operating officer at The Finish Line Inc., has been named interim chief financial officer, the Indianapolis retailer said today. Schneider, 52, will fill in for Kevin Wampler, 45, who left to pursue a similar position at another firm, Finish Line said. The company announced earlier that Schneider would become president on […]
Baldwin & Lyons Inc. swung to a loss in the third quarter, the insurer of truck fleets announced today. The Indianapolis company lost $7.3 million compared with a $11.7 million profit of a year earlier. Much of the difference was driven by $16 million in losses on stocks and other investments. Baldwin & Lyons earned […]
Charles F. Potts, the CEO of Indianapolis-based Heritage Construction, will serve as 2009 chairman of the American Road &
Transportation Builders Association.
The Indiana Economic Development Corp. has launched two free Web tools to assist Hoosier businesses.
A new market called Indy Winter Farmers Market is scheduled to open Nov. 15 at 2442 N. Central Ave. It will be open all winter
on Saturdays from 9 a.m. to 12:30 p.m.
Hawker Beechcraft Corp. has begun work on a $14 million expansion of its terminal and aircraft service facility at Indianapolis
International Airport.
We have a long-standing policy of not endorsing political candidates, but there’s no such policy where ballot initiatives
are concerned. So we urge our readers to vote "yes" on assessor consolidation.
United Way of Central Indiana has raised $22.9 million, or 57 percent, of the $40 million goal announced for this fall’s annual
campaign. Helping the agency out of the gate were 100 companies that started "Pacesetter" campaigns before the official
Sept.
12 kickoff.
