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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 […]
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.
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 […]
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.
Cummins Inc. today reported dramatically lower revenue and profit in the second quarter compared to the same period a year ago. Quarterly revenue at the Columbus-based engine maker fell 37 percent, from $3.9 billion a year ago to $2.4 billion this year. Profit was $56 million, or 28 cents a share, down from $293 million, […]
The Indianapolis Convention and Visitors Association is putting together an all-star corporate consortium to make the city
a hub for medical and life sciences conventions, meetings and trade shows. The ICVA began running the initiative
full-speed this year and already has signed deals to bring 40 medical meetings to Indianapolis through 2015, including annual
meetings for the American Association of Diabetes Educators in 2012 and the American College of Sports Medicine and American
Chemical Society in 2013.
Commenting on a summer teen theater workshop production is akin to writing about high school plays. Friends and family constitute 95 percent of the audience, and extended applause between songs and standing ovations afterwards are a given.
So rather than offer…
Indianapolis-based Finish Line Inc. has signed a multi-year agreement to extend its title sponsorship
of the 500 Festival’s 5K race held each May, officials announced today.
Shares of Conseco Inc. soared today in response to the company’s preliminary report of second-quarter profits. The Carmel-based insurer’s stock price jumped as much as 53 percent, to $2.91, before settling a bit in the afternoon. Conseco said late yesterday that it would meet analysts’ expectations for the second quarter by posting earnings of at […]
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
WellPoint Inc. shares slipped in morning trading after the company beat analysts’ expectations for second-quarter profits but failed to raise its year-end earnings forecast. Shares of the Indianapolis-based health insurer tumbled 5 percent, to $51.63 each. WellPoint earned $1.50 per share in the latest quarter, excluding investment losses. Analysts were expecting $1.43 per share, according […]
Carbon Motors this morning officially selected Connersville for its proposed headquarters and
manufacturing operations.
The Indy Racing League is expected to unveil its 2010 schedule as early as this weekend, but a few interesting tidbits have already leaked out.
It looks like an 18- to 20-race slate next…
A Superior Court judge has sided with the Metropolitan Development Commission in a dispute over digital billboards. Outdoor advertising giant Lamar had sought a summary…
A rally this morning in Connersville originally intended to help persuade a police car manufacturer
to locate a major factory there appears to be a celebration party.
Slate has an interesting piece running about the death of music magazines. Writer Jonah Weiner points to the folding of Vibe and Blender, lay-offs at Spin, and staff cuts at Rolling Stone. He further notes te notes the challenges faced in covering music…
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.
Eli Lilly and Co. CEO John Lechleiter and his wife, Sarah, have pledged to give the United Way of Central Indiana a total
of $1 million over the next four years as a “challenge to CEOs and other community leaders to step up their giving.”
Conseco Inc. said it would meet analysts’ expectations for the second quarter by posting earnings of at least 22 cents
per share, before investment losses. The Carmel-based health insurer announced the preliminary financial results today after
the market closed.
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.
