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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 […]
Lucas Oil Stadium’s retractable roof continues to be the center of much debate. How much use the convertible ceiling at LOS will get remains to be seen. But after a few phone calls…
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 […]
Just an observation: If visitors are relying on the promotional banners on downtown’s light poles, they’re probably pretty confused by now. Many of the banners are for the Lion King, which had its last Murat Theatre performance on Dec. 28.
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 […]
The cost of a night on the town in Bloomington could go up if state lawmakers approve a bill calling for a 1-percent food and beverage tax to help expand the Bloomington/Monroe County Convention Center. State Rep. Peggy Welch filed the measure late last week. If it passes, local officials also would have to approve […]
The cost-cutting moves announced yesterday by Indianapolis-based Angie’s List are the latest setback for a company whose ambitious growth plans lately have been tempered by job cuts. The consumer-rating service laid off 90 employees this week, reducing its work force to 350. The decision came just three months after announcing an aggressive expansion that included […]
The cost-cutting moves announced yesterday by Indianapolis-based Angie’s List are the latest setback for a company whose ambitious growth plans lately have been tempered by job cuts. The consumer-rating service laid off 90 employees this week, reducing its work force to 350. The decision came just three months after announcing an aggressive expansion that included […]
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 […]
The cost of a night on the town in Bloomington could go up if state lawmakers approve a bill calling for a 1-percent food and beverage tax to help expand the Bloomington/Monroe County Convention Center. State Rep. Peggy Welch filed the measure late last week. If it passes, local officials also would have to approve […]
The announcement that Indiana University is lowering the price of its balcony seats from $23 to $5 for the last seven home games got me wondering how new athletic director Fred Glass is…
On the same day last week, Eli Lilly and Co. cleared a big hurdle regarding its bestselling drug Zyprexa and immediately found itself facing another one. Lilly paid dearly – $1.42 billion – for pleading guilty to improperly marketing the antipsychotic Zyprexa between 1999 and 2001 and to settle lawsuits filed by states. But that […]
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 […]
A hip frozen yogurt chain with a foothold in California and New York is getting ready to stake a claim in Broad Ripple. Red Mango has filed…
