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Biomet Inc. yesterday reported a $170.9 million loss in its fiscal fourth quarter as the result of more than $300 million in special charges. For the period ended May 31, the Warsaw-based manufacturer of orthopedic products reported $103 million in charges related to its 2007 merger with LVB Acquisition LLC, a private-equity consortium partly managed […]
The Labor Department said today that inflation at the consumer level rose by 0.7 percent last month, slightly higher than the 0.6-percent increase that economists were expecting. It was the biggest one-month gain since a 0.7-percent increase last July. The big jump was seen as a temporary blip, however. Inflation is not expected to be […]
A Danica Patrick-Tony Stewart partnership. How long before some kind of volcanic reaction? It’s enough to make the media salivate. Sponsors are already chomping at the bit.
It’s true, Patrick was in the land…
Ivy Tech Community College and the Indiana Housing and Community Development Authority are offering free training to contractors who want to work with an energy-conservation program. Officials say the training will help contractors learn about weatherization and energy-conservation techniques they can use in people’s homes. Contractors who complete the training will be eligible to do […]
Indiana will receive up to $6.1 million in federal stimulus funds to offer rebates to consumers who buy new energy-efficient appliances, including furnaces, air conditioners, refrigerators and water heaters. U.S. Energy Secretary Steven Chu announced nearly $300 million in grants to states yesterday. The program is intended to allow homes to use energy more efficiently […]
Normal 0 false false false MicrosoftInternetExplorer4 Indiana Gov. Mitch Daniels plans to join Kentucky Gov. Steve Beshear today in Louisville when Beshear conducts a ceremonial signing of a bill that creates a two-state authority for transportation projects with Indiana. The plan seeks two bridges over the Ohio River between Louisville and southern Indiana‘s Clark […]
The Indianapolis Colts have become one of the first National Football League teams to sell a corporate sponsorship patch
on players’ practice jersey.
The Indianapolis Colts have become one of the first National Football League teams to sell a corporate sponsorship patch on players’ practice jerseys, finalizing a deal with Indiana Farm Bureau Insurance this week. The five-year deal will bring in a mid-six-figure annual sum for the team, said Colts officials. NFL owners voted to allow such […]
The Indianapolis Colts continue to be leaders in innovation—and I’m not talking about Peyton Manning’s on-field audibles or Bill Polian’s scouting and drafting system.
The Colts sales and marketing staff has done its fair…
Dow Agrosciences LLC said today it is acquiring the majority of assets of Illinois-based seed corn company Pfister Hybrids. A sale price was not disclosed. Under the terms of the agreement, Indianapolis-based Dow AgroSciences, a subsidiary of Dow Chemical Co. in Michigan, will acquire the Pfister brand and the sales and marketing areas, as well […]
Owner Jim Nethercott said he had to shut down Saturday because of falling traffic and other financial troubles.
His…
Florida-based radio operator Russ Oasis has agreed to sell Indianapolis station WKLU-FM 101.9 for $6.3 million to Rocklin, Calif.-based not-for-profit Educational Media Foundation, one of the country’s biggest radio station operators. The deal, signed last Friday, is expected to close within 90 days of regulatory approvals, said Michael Bergner, whose Florida-based firm, Bergner and Co., […]
President Barack Obama yesterday declined to predict how high unemployment will climb but made clear he expects it to keep worsening for a while as hiring lags behind other signs of economic recovery. “How employment numbers are going to respond is not year clear,” the president said on a day when he was headed to […]
The Indiana Court of Appeals yesterday rejected a challenge to a state law that eliminated most township assessor offices across the state. The court agreed with a Huntington County court decision that found state lawmakers had the legal right to eliminate the elected offices in midterm. Huntington Township Assessor Joan Stoffel had argued that the […]
For a peek into just how hard the housing bust has hit the Indianapolis area, look no further than a new
study by the Indiana Business Research Center, an arm of Indiana Universityâ??s Kelley School of Business.
The region,…
Interactive Intelligence said yesterday it expects a profit of between $1.8 million and $2.5 million in the second quarter, up from $845,000 the company earned in the same period last year. The Indianapolis business-communications software firm will report official second quarter financial results July 30. Earnings per share are estimated to be between 10 cents […]
Interactive Intelligence said yesterday it expects a profit of between $1.8 million and $2.5 million in the second quarter,
up from $845,000 the company earned in the same period last year.
Whether he ever gets another job as a basketball coach remains to be seen, but Bob Knight is still The General.
During an exhibition softball game played in St. Louis in conjunction with the…
Evansville officials plan to build a new 11,000-seat arena in conjunction with a major remodeling of a downtown hotel.Work could start as early as next month on what Evansville Mayor Jonathan Weinzapfel said will be a transformation of the city’s downtown.The plan, announced yesterday, will put the $127 million arena on a different site than […]
Lower gasoline prices, while good news for drivers, were a gut punch for ethanol producers and promoters of the high-ethanol blend known as E85. In Minnesota, the nation’s leader in E85 pumps, sales fell off by more than half this spring compared with the year before, a disappointment to E85 producers and the farmers who […]
