CIB financial situation improving
The past year has been mighty unkind to the Capital Improvement Board, the entity charged with operating the city’s
professional sports venues and Indiana Convention Center.
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Banks gobble TARP money, suffer losses
The housing meltdown and recession gave banks in Indiana and across the nation their biggest test in decades.
Indiana banker meets with Obama, Geithner
Mark Schroeder, CEO of Jasper-based German American Bancorp, was one of just 12 community bankers who talked shop Tuesday
with the president and Treasury secretary.
Health care industry braces for reform
Congress is on the cusp of transforming health insurance—if it can pass a health reform bill that was losing popularity
late in the year.
First decade of century marked by buyouts and bubbles
The decade witnessed a massive terrorist attack, two wars, and a building-and-buyout boom fueled by easy credit.
Durham firm departing top floor of Chase Tower
Tim Durham’s Obsidian Enterprises Inc. plans to vacate the top floor of the state’s tallest building next month, real
estate sources say.
Cash-flush Finish Line likely to open new stores
With an improved balance sheet and $150 million in its pocket, the athletic-gear retailer is looking at new locations and
improving its online shopping hub.
Area voters to decide on Greenwood merger
Greenwood and White River Township officials advance a plan that would create Indiana’s sixth-largest city, if residents
approve it May 4.
Slump sets Hoosier job levels back 14 years
The 131,000 jobs lost
in the 12 months ended in November amounted to a 7.2-percent decline and were nearly equivalent to the combined populations
of Carmel and Fishers.
Indy airport expects less travel than last year
The Indianapolis International Airport is expecting to be busy this week and next despite an average 8 to 10 percent decline
compared to the same period last year.
College cuts will favor some schools over others
The Indiana Commission for Higher Education said state colleges and universities need to find new ways to be efficient—without
new tuition hikes—to cope with spending cuts ordered by Gov. Mitch Daniels.
Finish Line profit exceeds analyst expectations
The Finish Line Inc. barely eked into the black in its fiscal third quarter, but even that exceeded analysts’ expectations.
Sweet Things keeps same flavor with new owner
Candy store on north side of Indianapolis changes hands, but new owner Cassandra Schuchman keeps chocolate recipe intact.
The shop has stores at North Willow Mall and River Crossing.
Engineer doubles as inventor
Hidden Toilet Paper, a small business in Fishers, patented a device that installs toilet-paper rolls into walls, keeping paper
safe from pets and children.
SBA loan approvals – November 2009
SBA loan approvals above $100,000 for the Indianapolis area for November 2009
Safis Solutions speaks ‘FDA’
Indianapolis regulatory compliance consultant Safis Solutions snares contracts with Eli Lilly, other big clients. CEO Ping
Poulsen has built company to 20 employees.
Estate tax confusion leaving family businesses in limbo
Federal estate taxes are set to expire next year, but increase in 2011. Confusion is leaving family businesses like Greenwood-based Byrd Enterprises in limbo. Vice President Jonathan Byrd II is still sorting through the aftermath of his father’s August death.
Conseco raises nearly $223 million in stock offering
The Carmel-based life and health insurer immediately applied $161 million of the funds to its bank loans.
College cuts will favor some schools over others
The Indiana Commission for Higher Education says state colleges and universities should find new ways to be efficient—without
raising tuition—to meet spending cuts ordered by Gov. Mitch Daniels.
Bank buys part of property targeted for Fishers water park
A high-profile piece of land in Fishers that is part of a proposed hotel and water park project has been bought by the bank
that foreclosed upon it.