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Profits at ITT Educational Services Inc. soared nearly 53 percent in its second quarter, crushing the expectations of Wall Street analysts.The Carmel-based education company raised its year-end profit forecast by as much as 60 cents per share to a range of $7.55 to $7.85, confident that rampant joblessness will keep driving Americans back to its […]
Second-quarter profit slipped at Zimmer Holdings Inc., but the Warsaw-based orthopedic implant maker topped the lowered expectations of Wall Street analysts.Zimmer earned $210 million in the quarter, down 7 percent from $227 million during the same period a year ago. On a per-share basis, Zimmer earned 98 cents, down from 99 cents a year ago.Excluding […]
Lenders must notify homeowners of their right to request a settlement conference within 30 days of filing a foreclosure notice under a new Indiana law that state officials promoted Wednesday. The conferences give homeowners a chance to renegotiate terms, such as their interest rates or payments, and keep their homes. State officials also said about […]
An Indiana committee that oversees government spending will seek detailed explanations next week from public colleges and universities on why they have raised or proposed to raise tuition. Republican state Sen. Luke Kenley of Noblesville, chairman of the State Budget Committee, said today that the panel wants the colleges to justify their tuition increases at […]
So, did you make it to the screening of “500 Days of Summer”? If so, what did you think?
I’ll let a few others post before I chime in with my thoughts.
The largest outside investor in Indianapolis-based real estate firm Lauth Group Inc. has accused company principals of fraud, conspiracy and racketeering in a lawsuit filed this week in U.S. District Court. The suit, filed by a subsidiary of Chicago-based Inland American Real Estate Trust, points to “a disturbing pattern of fraudulent misrepresentations” by Robert L. […]
The economic stimulus package allocated $375 million to the U.S. Small
Business Administration so it could offer more generous terms to small-business borrowers.
SBA loan guarantees for the month of June. These businesses have received loans from financial institutions with a guarantee
from the SBA. Not all funds are disbursed immediately, and some approved loans are subsequently canceled.
Earle Travel Co. has been weathering challenges as the recession has deepened and H1N1 influenza spiked
earlier this year. Those problems have nearly capsized many travel agencies, but co-owner Kelly Shea said Earle’s business
slumped only 8 percent last year.
MoveSmart LLC works with business clients looking to make better use of their space, helping to design, furnish and adapt
their offices for maximum efficiency.
After working in retail management for four years, Rich and Jodi Scheve decided to take business into their own hands—and
their own garage. Passing on business plans for Subway and South Bend Chocolate Co. franchises, the couple
skirted heavy franchise fees and started Twisted Wick Candle Co.
For four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout,
for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby considers himself too energetic for retirement. He’s
now 67 years old. And a first-time entrepreneur.
Eli Lilly and Co. will relocate the research offices of its ImClone subsidiary into a new bioscience park developed by New York City. Indianapolis-based Lilly will be the first tenant in the new East River Science Park, according to an announcement made this afternoon by New York Mayor Michael Bloomberg and Lilly CEO John Lechleiter. […]
Indianapolis Fox television affiliate WXIN-TV Channel 59 today disclosed plans to expand its weekday news coverage by adding an hour-long newscast at 4 p.m. and adding a half-hour to its morning news. The station expects to make the moves beginning Sept. 21. The expansion will add “several” on-air and off-air positions to Fox 59’s staff, […]
Investors and analysts brushed off the 21-percent quarterly profit growth announced by Eli Lilly and Co. this morning and focused on the company’s launch of its new blood-thinning drug Effient. Shares of the Indianapolis-based drugmaker were flat in morning trading, in line with broader markets, even though Lilly boosted its year-end profit forecast by a […]
A southern Indiana city is considering whether to convert its municipal power plant so that it could burn waste wood instead of coal. Jasper city officials say the plant has been shut down for all but a few weeks this year because low electricity prices have made it too expensive to operate. Doug Tischbein of […]
A former member of the Indianapolis City-County Council has been elected to fill a vacancy in the Indiana State Senate. Republican precinct committee members elected Scott Schneider during a caucus last night to replace Teresa Lubbers, who resigned from the Senate to become the state’s higher education commissioner. Schneider’s term representing Senate District 30, which […]
Second-quarter profit rose 21 percent at Eli Lilly and Co., helping the company beat the expectations of Wall Street analysts and raise its year-end profit forecast. The Indianapolis-based drugmaker earned $1.16 billion, or $1.06 per share, including a $105 million after-tax charge Lilly recorded to prepare for an expected legal settlement involving its bestseller Zyprexa. […]
The minimum wage for Indiana workers is going up. The state’s minimum wage will increase from $6.55 per hour to $7.25 per hour on Friday. It coincides with a 10.7-percent increase in the federal minimum wage to $7.25 per hour. The Indiana Minimum Wage Law applies to the minority of Hoosier employers and employees not […]
The Duffy Tool and Stamping plant in Muncie will close by the end of October, costing about 130 workers their jobs, company officials said. Duffy’s parent company, Cleveland-based Brittany Stamping LLC, told the Muncie Star Press that the decision to close was caused by poor national economic conditions “created by the collapse of the banking […]
