Kite Realty Trust CEO unloads $467K in company stock
The CEO of Kite Realty Group Trust last week sold 130,000 shares, or nearly a half-million-dollars worth, of the Indianapolis-based
real estate firm’s common stock.
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Conseco consolidation to save $2.5M a year
Conseco Inc. this morning said it is consolidating three of its insurers into one, a move that will have no impact on employment
but will save the company about $2.5 million annually.
Lumina chair Mutz preps for a W downturn
John Mutz, former lieutenant governor and chairman of the Lumina Foundation, is digging in for extended hard times.
Kilroy’s will soon be here
The former home of Smokey Bones Barbeque and Grill at 201 S. Meridian St. is getting a new tenant after sitting vacant for
more than two years. The Bloomington institution Kilroy’s plans to open a new location in the 8,700-square-foot space.
Indiana set to announce $164M in stimulus awards for housing
Indiana Lt. Gov. Becky Skillman plans to announce the first awards of $164 million in federal stimulus money to build low-
and moderate-income housing across the state.
New contract ends strike for 700 in Terre Haute
Union members have approved a new contract that ends a strike by more than 700 workers at a Bemis Co. plant in Terre Haute
after 40 days.
Daniels’ name popping up as potential presidential candidate
Republican Mitch Daniels has repeatedly insisted that his 2008 run for a second term as Indiana’s governor was his last election
and that he’s not interested in the "savagery" of a national campaign.
You-review-it Monday
The final days of IndyFringe. The first weekend for “Seven Brides for Seven Brothers.” The first screenings of “Taking Woodstock.”
What did you do this weekend?
Anthem, St. Francis reach agreement in principle
The St. Francis hospital system has reached a tentative contract agreement with Anthem Blue Cross and Blue Shield of Indiana,
ending a disagreement over insurance reimbursement costs, the parties said today.
Whirlpool to close 1,100-worker Evansville refrigerator factory
Whirlpool Corp. announced Friday that it will close its refrigerator factory in Evansville by next year and cut 1,100
jobs as it continues a push to trim excess capacity.
University Loft plans 30 jobs in Greenfield
Indianapolis-based University Loft Co. expects to add 30 full-time jobs at its Greenfield manufacturing facility thanks to
a federal pact with the U.S. Marine Corps. The company recently was awarded a multi-million-dollar contract to supply metal
furniture for the Marine Corps’ Camp Lejeune base in North Carolina.
Indiana’s $132M energy-conservation plan OK’d
Indiana will use nearly $132 million in federal stimulus funding to help more than 30,000 low-income households weatherize
their homes and obtain more efficient appliances.
Local contractor Enterprise acquires Freije
Indianapolis-based Enterprise Electrical & Mechanical Co. has acquired The Freije Company, a 50-year-old local firm that
specializes in refrigeration-systems design, installation and service.
Local high-end home sales in deep slump
Sales of higher-priced homes nationally have slowed to a glacial pace. In the Indianapolis area, the supply of homes for sale
above $1 million has risen from three year’s worth in 2007 to more than eight year’s worth, according to the Metropolitan
Indianapolis Board of Realtors.
Hurco suffers quarterly loss as sales plummet
Indianapolis-based Hurco Cos. this morning reported another quarterly loss after sales dropped a staggering 64 percent. Hurco
lost $1.2 million, or 19 cents a share, in its fiscal third quarter ended July 31. The company had a profit of $5.8 million,
or 90 cents a share, during the same quarter last year.
Whirlpool to cut 1,100 jobs, close Indiana plant
Whirlpool Corp. said today that it will cut 1,100 jobs by closing a refrigerator factory in Evansville. The jobs will be eliminated
in mid-2010.
ISTA insurance fund sues ex-officials
The Indiana state teachers union’s insurance fund has filed a lawsuit alleging former officials, financial advisers and consultants
mismanaged a long-term disability insurance trust.
Purdue business school dean to step down
Richard A. Cosier, dean of Purdue University’s Krannert School of Management for the past decade, plans to leave the post
June 30, 2010, the university announced today.
Humane Society eyes city for $3M clinic
The Humane Society of Indianapolis is shopping for donors to support construction of a $3 million spay/neuter clinic in the
Fountain Square area.