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Trailer-maker Wabash National Corp. and broadcaster Emmis Communications Corp. are suspending dividend payments as the economy deteriorates. Their announcements in recent days follow a September decision by Evansville-based Integra Bank Corp. to cut its dividend to a penny in order to build capital that had suffered from the housing downturn. Lafayette-based Wabash National Corp. said […]
Fortune Industries Inc. said this morning that it has sold all its businesses outside of human resources, a shift in strategy aimed at reducing the company’s debt and making financial results less volatile. Indianapolis-based Fortune had operated as a conglomerate, with holdings in fields ranging from wireless services to ultraviolet printing. Financial terms of the […]
In good times and bad, the Indianapolis Indians continue to be a hit with local sports fans. The Indians scored a $1.23 million profit this year on $8.7 million in revenue, according to…
The Federal Reserve this week is expected to drop the rate at which banks loan money to each other below
1 percent. That means interest rates on loans for just about everything, from cars to housing, eventually
would fall further.
The…
Locally based manufacturer Deflecto Corp. has told the state that it will close a plant in Indianapolis and another in Fishers, throwing a total of 219 workers out of jobs. However, the company said it may keep a small service office with about 11 employees in the Indianapolis area. Details of Deflecto’s plans were not […]
This weekend, I finally got to see “On Thin Ice: A Very Phoenix Xmas 3” (the best yet). I also hopped over to opening weekend of Actors Theatre of Indiana’s “A Year with Frog and Toad” (as wonderful as last year….
In order to comply with stricter rules from the Internal Revenue Service, schools and other not-for-profits are making changes
and consolidations to retirement plans, creating growth opportunities for companies like Indianapolis-based American United
Life Insurance Co.
Knauf Insulation is cutting 11 percent of its work force in Shelbyville as the recession prolongs the housing downturn that
began two years ago.
A not-for-profit group led by an account executive at Clayton-based Ray’s Trash Service is raising money to build a sports
complex designed for people with special needs.
What started as a dispute over a pair of digital billboards in Lawrence has evolved into a battle with broad implications
for Marion County.
EXECUTIVE COMPENSATION Total ’07 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) Paul E. Hassler $785,875 $323,687 $257,023 $205,165 118% CEO, president $0 Andy L. Nemeth $602,789 $204,451 $257,023 $141,315 156% CFO, secretary, treasurer $0 Todd M. Cleveland $412,748 $246,565 $0 $166,183 N/A Chief operating officer $0 Gregory […]
Indianapolis-based Golden Rule Insurance Co. has launched a plan aimed at people who move in and out of jobs that don’t offer
health insurance.
In response to Mayor Ballard’s Citywide Food Initiative, banks in our community have combined forces to help restock food
pantries.
A suburban Cincinnati construction company known for airport and interstate projects alleges the Indianapolis Airport Authority
has failed to pay on a $14.7 million contract to build aircraft parking spaces.
If Indianapolis is going to be a first-class city, it needs to have a comprehensive smoke-free workplace law.
FUND-RAISER The Light Their Future Gala is a night of dinner and dancing, live and silent auction, and cash raffle. The eighth annual gala, April 8, sold out at 500 guests and raised $157,000. The next gala, April 17, 2009, will be held at a larger location, the Marriott hotel downtown.
It’s holiday time, and nothing gets you into the spirit like songs and carols.
Johnson County officials this month approved a 7-percent tax on hotel-room stays.
“I have no intention of retiring â?? now or ever,” said Steve Stitle, CEO of National City Bank in Indiana, after the bank
was purchased by PNC Financial.
Indianapolis-based Midwest Model Makers has found big success by making very small objects — specifically, detailed architectural
models of everything from buildings to golf courses to weapons systems.
