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Indianapolis-based Fortune Industries Inc. managed a small profit in its fiscal third quarter – its third straight profitable quarter, the company announced this morning. Profit for the period ended May 31 rose to $318,000 compared to a loss of $2.9 million in the same quarter a year ago. Revenue fell to $15.4 million from $40.2 […]
Indianapolis-based Fortune Industries Inc. managed a small profit in its third quarter and now has turned a profit in each
of its last three quarters, the company announced this morning.
So did you walk with dinosaurs? Hang out at Conner Prairie with the Symphony? Catch one of the final performances of “Octopus” at the Phoenix Theatre?
I spent Sunday afternoon at the oldest continually operating theater in the country catching a…
A $754 million project is being proposed to replace the aging Wishard Memorial Hospital in downtown Indianapolis. Hospital officials say renovating the current facility is not practical because its mechanical systems are failing and the patient rooms can’t accommodate modern equipment. Wishard’s facility is spread over 17 buildings, many of which were built before World […]
Indiana welfare officials considering canceling the state’s privately run welfare system have no backup plan in place, and critics say it will be hard to undo the privatization of 1,500 state case workers more than two years ago. Anne Murphy, secretary of the Family and Social Services Administration, confirmed recently that the system led by […]
Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis and…
Emmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but
the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent.
Eli Lilly and Co. finally won approval today from U.S. regulators to sell prasugrel, its highly anticipated blood thinner,
according to Bloomberg News.
Eli Lilly and Co. finally won approval today from U.S. regulators to sell prasugrel, its highly anticipated blood thinner, according to Bloomberg News. The U.S. Food and Drug Administration approved prasugrel to prevent blood clots when patients come in to receive stents or other coronary devices. The drug will have the trade name Effient. After […]
Duke Energy has proposed spending $121 million to study the feasibility of injecting carbon dioxide deep underground, adding
1 percent to the average ratepayer’s bill between 2010 and 2013.
New restaurants include Iozzo’s Garden of Italy, slated to open July 17 at 946 S. Meridian St.,
in the former home of Leland’s and Cafe@Ray. The owner’s grandfather in the 1940s owned an
800-seat restaurant of the same name where the Hyatt Regency now stands.
Damar Services has closed its four-year, $6 million capital campaign, thanks to a donation of eight acres of land from
South Bend-based Holladay Properties.
Carmel-based Conseco Inc., still a bit strapped for cash, brought in a reinsurance company to shoulder some of the risk
of its life insurance policies. Minnesota-based Wilton Reassurance Co. will pay $57.5 million to Conseco as a ceding
commission to co-insure and administer 104,000 policies held by Conseco subsidiaries.
Emmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent. Indianapolis-based Emmis turned a profit of $7.5 million, or 20 cents per share, for the […]
Ivy Tech Community College President Tom Snyder is one of 13 candidates being considered for the position of chancellor of the State University System of Florida. A search committee will meet Monday to select candidates to be interviewed July 17. A recommendation from the committee and an appointment by the system’s Board of Governors is […]
Purdue University researcher Philip Low, also the chief science officer for West Lafayette-based Endocyte Inc., has developed
a prostate cancer “homing device” to help anti-cancer agents specifically target prostate
cancer tumors.
Indianapolis-based merchandiser MainGate Inc. continues scoring deals with National Football League teams.
On July 7, company officials announced they had signed a 10-year deal to be the exclusive retail and merchandising company
for the Minnesota Vikings.
Thirty-seven people were laid off at the Indianapolis Star yesterday and today as part of Virginia-based parent Gannett
Co. Inc.’s attempt to grapple with the swooning economy and falling advertising revenue. Seventeen of those laid off were
in the newsroom of the state’s largest daily newspaper, including seven editors, which constitutes one-fourth of the
editorial management team.
President Obama was in Egypt last month to see the Sphinx, the Pyramids and other relics of a bygone age but, more important,
to set the tone for a new age—according to Obama, “a new beginning” in relations between the United States
and the Muslim world.
A state budget was passed June 30, but it’s balanced on the backs of poor children. Legislators
deserve praise for at least slightly increasing overall education funding, but because of a flawed funding
formula, urban districts such as Indianapolis Public Schools actually will lose money in the next two
years.
