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Lafayette-based Radian Research Inc. is the first participant in a state initiative that helps companies become employee-owned. Radian received $3.6 million in financing yesterday from the state to make the transition. State Treasurer Richard Mourdock created a program that has $50 million available to companies. The goal is to encourage Indiana companies to embrace employee […]

Indianapolis Airport Authority honcho John J. Kish is flying south, leaving his current position in April to oversee development of an arena in downtown Evansville. The Evansville Redevelopment Commission voted to hire him yesterday. Kish, 54, oversaw construction of the airport’s $1.1 billion midfield terminal project, which opened in November. Before becoming executive director of […]

Columbus, Ohio-based Huntington Bancshares Inc., parent of Indianapolis’ fourth-largest bank, Huntington National Bank, this morning announced a $417.3 million loss, or $1.20 per common share, for its fourth quarter. The company also posted a year-end loss of $113.8 million, or 44 cents per common share, for 2008. Huntington’s fourth quarter results included $560.6 million in […]

A 29-percent increase in student enrollment helped ITT Educational Services Inc. grow its fourth-quarter revenue to $279.8 million, up from $230.4 million the same period the prior year. The Carmel-based technical school operator released financial results for the period ending Dec. 31 this morning. ITT posted a $63 million profit for the quarter, up 30 […]

Indianapolis-based Celadon Group Inc. reported today fiscal second-quarter revenue of $119.6 million, a nearly 14-percent decline from the same period last year. Profit was unchanged, at $1.7 million for both the 2008 and 2007 quarters. Celadon’s latest fiscal quarter ended Dec. 31. CEO Steve Russell said the trucking company is feeling the effects of the […]

FlamencoNets, a minority-owned Internet service in Indianapolis, is the first tenant signed at the Purdue Research Park at AmeriPlex-Indianapolis. The 4-year-old company plans to hire about five employees and lease space inside the park’s 55,000-square-foot accelerator, the first phase and cornerstone of the project. The accelerator will house 15 to 25 startups and create roughly […]

More than 220 dentists and patients from across Indiana filled the Statehouse this morning, urging lawmakers to pass a bill guaranteeing that insurance companies honor patient requests about where to send benefit payments. Patients typically ask insurance company to send payments directly to the dentist, but some insurers won’t do that if the dentist isn’t […]

A Lebanon woman charged with killing her teenage daughter has rejected a proposed plea agreement. Elizabeth Fairfield, 38, told a judge she would not plead guilty to reckless homicide. Fairfield is accused of killing her 14-year-old daughter by overdose last June. The girl had Down zyndrome and was found with a high level of pain […]

An Evansville-area GOP lawmaker is backing a bill to slow changes to the state’s welfare system. Rep. Suzanne Crouch has criticized the way the Family and Social Services Administration has managed the transition to a new system that encourages people to apply for aid online, over the phone or by fax. Some applicants have complained […]

Just three months after announcing an aggressive expansion, Indianapolis-based Angie’s List said today it is eliminating 90 jobs-about 20 percent of its work force. In an effort to trim costs, 50 jobs will be cut from the data acquisition and processing departments and another 40 from other departments, CEO Bill Oesterle said in a statement. The […]