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Dow Agro sale still possible, but less likely

Midland, Mich.-based Dow Chemical Co. is still considering divesting Indianapolis subsidiary Dow AgroSciences LLC. But chances
that the chemical manufacturing giant will sell its local agricultural chemical and biotech unit have decreased.

Carmel’s Dormir raises $12M from venture capital firms

Carmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million
in venture capital from three out-of-state firms. The company plans use the proceeds to acquire six to 10 companies this year
and more next year, according to CEO Tim Miller.

Dow AgroSciences names new CEO

Indianapolis-based Dow AgroSciences LLC will have a new CEO after its parent organization moves Jerome Peribere into a new
position, the company announced today. Antonio Galindez, 54, vice president of Dow AgroSciences’ crops business, will step
into the top job.

Investments propel Baldwin & Lyons profit

Baldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company history, as investment
gains from recovering equity markets helped boost performance.

Duke Realty suffers second-quarter loss

Indianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations,
a key performance measure for real estate investment trusts.

Muncie manufacturer Duffy calling it quits

Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development
that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result
of the closure, Duffy said in its July 27 filing.

Energy act will hurt Indiana’s economy

A deeply concerning piece of legislation has just recently slipped through the [U.S.] House of Representatives. Although the American Clean Energy and Security Act has an appealing name and is created to improve our environment, in actuality, its passing through the Senate will cause dire problems for Hoosiers.

Officials should redevelop prison property

After outcry from the community, the plan to turn the current Women’s Prison on the near east side into a work release
facility for male prisoners was modified to make it barely palatable. However, there’s a larger point that shouldn’t
be overlooked.

GARNER: Urban redevelopment requires dialogue

Later this summer, architects, urban planners, economists and hydrologists from around the city and around the nation will
come to Indianapolis to begin planning for the redevelopment of the area near 22nd Street and the Monon Trail. Known
as the American Institute of Architects Sustainable Design Assessment Team, it will work with neighborhood organizations
and city leaders to develop a renewal plan to turn this blighted area into a thriving neighborhood.

MARCUS: Economic slump inspires platitudes galore

If the problem is that consumers and businesses
are not spending because banks aren’t lending, then government making it easier for banks to lend and consumers to spend
is a good thing. The stimulus plan is right on target.

Investments propel Baldwin & Lyons profit

Baldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company
history, as investment gains from recovering equity markets helped boost performance.

Dow AgroSciences’ profit falls in second quarter-WEB ONLY

Dow AgroSciences LLC’s profit and sales slumped in the second quarter after the Indianapolis-based company racked up record earnings in the prior period, parent Dow Chemical Co. reported today. The agricultural arm of the Midland, Mich. corporation generated $140 million in earnings before interest and taxes in the second quarter, a 61-percent drop from the […]

Small town, budget hotels hold own in difficult economy

While the local hotel industry is being rocked by the current economy, budget hotels and those in the small towns surrounding
Indianapolis are actually seeing gains. Properties affected by the Indianapolis 500, Brickyard 400 and Big Ten Tournament
are among the losers.

Duke Realty suffers second-quarter loss-WEB ONLY

Indianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations, a key performance measure for real estate investment trusts. The office, industrial and health care developer reported FFO of $61.6 million, or 29 cents per share, compared with $91.1 million, or 59 cents a share, from the same time […]

Lawmakers cut state tourism office’s budget in half

Destinations throughout Indiana no longer can count on a state marketing campaign to help drive summer crowds. Lawmakers who
passed a budget during the special session at the end of June sliced the state’s annual contribution
to the Indiana Office of Tourism Management in half—from $4.8 million to $2.4 million.