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‘BioTown’ ethanol firm files for bankruptcy

November 1, 2008

The ethanol producer that planned to build a plant in Reynolds, the town where Gov. Mitch Daniels is attempting to showcase energy independence, has filed for Chapter 11 bankruptcy protection. VeraSun Energy Corp. announced yesterday that it and 24 of its subsidiaries filed the voluntary petition yesterday in U.S. Bankruptcy Court in Delaware. The Sioux […]

Changing sides?

November 1, 2008

     Dr. Catherine Michael, a part-time emergency physician for Indianapolis-based St. Vincent Health, desperately wants Republican John McCain to be the next president.      The 39-year-old mother of three gave McCain’s campaign $500 in May because, she said, he will appoint Supreme Court Justices that are antiabortion. Michael, who attends a conservative Presbyterian church, […]

Headhunter: Market not so bad

October 31, 2008

A corporate recruiter says employers in Indianapolis arenâ??t acting like their counterparts elsewhere in the
country, if headlines are to be believed.

The employment market here has stayed fairly resilient, says Steve Mattei, a partner in Pinnacle Partners
Inc.

Pinnacle specializes in…

Random tricks/random treats

October 31, 2008

Some random thoughts on cultural horrors.

 –Boris Karloff may be Hollywood’s most underrated golden-era star. Watch him in “Son of Frankenstein” if you get a chance (although the film itself isn’t as good as the perversely fun “Bride of Frankenstein”).

–When we…

Update: City OK with abatement

October 31, 2008

The city has decided to support a request by Buckingham Cos. to abate part of the additional tax liability stemming from its $2.5-million renovation of…

Bandwagon Colts fans sell tickets

October 31, 2008

That thud you just heard was the sound of thousands of people falling off the Indianapolis Colts bandwagon. Yes, the argument of how soft—or hard core–this converted football town is, has begun anew….

Donovan accounting firm moves, changes name

October 30, 2008

The Danville accounting firm of Donovan & Thomas PC has changed its name to Donovan PC and consolidated its Danville and Plainfield offices in Avon. Bob Donovan, who founded Donovan & Thomas in 1972, continues as president. Donovan’s long-time partner Paul Thomas, is no longer a partner but remains an employee. Donovan’s son, Jeff – […]

Questions arise about tennis event

October 30, 2008

It’s unclear how the resignation of U.S. Tennis Association chief exectuive Arlen Kantarian will affect the Indianapolis Tennis Championships. Kantarian, 55, announced his resignation from the USTA this afternoon after eight…

UPDATE: Marion lands 340 plastics jobs

October 30, 2008

TriEnda LLC plans to fill part of the former Thomson Consumer Electronics plant in Marion with 340 workers within four years, the Indiana Economic Development Corp. announced yesterday. The Portage, Wis., company, which makes plastic packaging, intends to invest $20 million in the former television picture tube plant, which was closed in 2004. It will […]

Indianapolis ad agency signs Hillbillies deal

October 30, 2008

Baton Rouge, La.-based Beverly Hillbillies Brands has hired MZD Advertising as its advertising and promotional agency of record. In addition to public relations, the Indianapolis agency will be responsible for marketing the Beverly Hillbillies brand in a number of ventures. “The great thing about the Beverly Hillbillies brand is that it’s recognizable around the world,” […]

More than 200 jobs slated for old Thomson plant

October 30, 2008

A manufacturer headquartered outside Indiana but in the northern Midwest plans to announce today that it will bring more than 200 jobs to the former Thomson Consumer Electronics television picture tube plant in Marion. The project will take up 200,000 square feet of the 1 million-square-foot facility, according to a person familiar with the announcement. […]

UPDATE: Republic Airways shares soar

October 30, 2008

Shares in Republic Airways Holdings Inc. shot up nearly 9 percent this morning, to $14.54 each, after the Indianapolis-based regional carrier reported profit that beat analysts’ expectations. Republic said late yesterday that it earned $17 million in the third quarter, down 16 percent from a year earlier on higher expenses. Still, the 50-cents-per-share rise outpaced […]

Oesterle plans east-side revitalization

October 30, 2008

A company closely tied to Angie’s List anticipates doubling its property holdings just east of downtown in the next five years, according to Bill Oesterle, CEO of the growing service that rates plumbers and other services. By then, Henry Amalgamated LLC will have succeeded in revitalizing the once-blighted Whiskey Hill neighborhood into a mix of […]

Colts kill rowdiness via text system

October 30, 2008

If you’re feeling threatened at this Sunday’s Indianapolis Colts game at Lucas Oil Stadium, or if some obnoxious fan near you is dropping the F-bomb left and right for all your kids to…

Higher expenses hurt Republic Airways profit

October 30, 2008

Republic Airways Holdings Inc. earned $17 million in the third quarter, down 16 percent from a year earlier on higher expenses, the Indianapolis-based regional carrier reported late yesterday. The 50 cents per share beat the 47 cents expected by analysts surveyed by Thomson Financial. Republic had $7.4 million in additional expenses related to the return […]

Bringing on the generic drugs

October 30, 2008

Times are tough enough that more people are beginning to switch to generic drugs to save money. Insurers
like Indianapolis-based WellPoint are playing a role, too, by pushing policy holders toward generics.

People also are splitting pills…

Bookstore booze to be tested

October 30, 2008

According to the Western Michigan Business Review, Schuler Books and Music in Grand Rapids (an outstanding locally owned chain) is looking to go beyond the cafe-and-sweet-treats ammenities that have become stapes in bookshops.

The downtown store has applied for a…

Berry offers $1 for ball field valued at $237,750

October 30, 2008

Evansville’s redevelopment commission has rebuffed an offer from Berry Plastics Group Inc. that valued a Boys & Girls Club baseball field at less than a penny on the dollar of its appraised value. Evansville-based Berry offered $1 for the field, which is appraised at $237,750, according to the Evansville Courier & Press. The company wants […]

Rising costs swing Wabash National to loss

October 30, 2008

Lafayette-based truck trailer maker Wabash National Corp. reported a third-quarter loss of $4.3 million late yesterday after having turned a $3.8 million profit a year earlier. The 14 cents per share in red ink matched expectations of analysts surveyed by Thomson Financial. President Dick Giromini said material costs outpaced progress made in cutting other costs […]

Duke sustains profits, stops new development

October 30, 2008

Duke Realty Corp. generated 66 cents per share in funds from operations in the third quarter, a decline of two pennies from the same period last year, the Indianapolis real estate company reported late yesterday. Funds from operations are a common measure of financial performance for real estate investment trusts like Duke. Analysts surveyed by […]

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