Pinball passion resparked
At the tail end of an IBJ piece I wrote last week on Xscape, the amusement center at Lafayette Square Mall, I lamented the absence of pinball machines at the facility.
Growing up in the boardwalk town of Wildwood, NJ,…
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Zimmer profit falls 37 percent on buyout costs-WEB ONLY
Orthopedic implant maker Zimmer Holdings Inc. today said its fourth-quarter profit dropped 37 percent due to slowing sales and the cost of buying Abbott Spine. Warsaw-based Zimmer said its profit decreased to $167.5 million, or 75 cents per share, from $263.8 million, or $1.12 per share, in the prior-year period. Revenue fell 4 percent to […]
Duke profit down, ’09 dividend slashed-WEB ONLY
Indianapolis-based Duke Realty Corp. exceeded analysts’ expectations in the fourth quarter, generating funds from operations of 69 cents per share – more than a nickel better than the consensus estimate. Funds from operations is a common measure of financial performance for real estate investment trusts like Duke. Excluding one-time items, funds from operations were 71 […]
ImClone deal hurt Lilly’s fourth quarter-WEB ONLY
Eli Lilly and Co. posted a $3.6 billion fourth-quarter loss because of its $6.5 billion acquisition of New York-based ImClone Systems Inc. Not counting that deal, however, Lilly’s profits beat the expectations of Wall Street analysts by two cents per share. Indianapolis-based Lilly earned $1.07 per share excluding the ImClone purchase. Analysts were expecting $1.05 […]
Trendy retail shakeup on Mass Ave
One locally owned retailer aiming for a New York City vibe is closing and another is opening along Mass Ave downtown. The boutique shop Tantrum, which opened…
Greenwood delays plans for new city hall-WEB ONLY
Greenwood officials are putting plans to build a new city hall on hold until they know whether the city will add an unincorporated area with about 40,000 residents. The Johnson County community just south of Indianapolis currently has about 47,000 residents. Greenwood Mayor Charles Henderson told the Daily Journal of Franklin that city leaders don’t […]
Expert: Put conditions on Pacers bailout-WEB ONLY
Marion County‘s Capital Improvement Board may be preparing to swallow an extra $15 million in expenses to keep the Indiana Pacers in town, but one sports business expert said the aid shouldn’t come without conditions. “They have to demand something in return from the Pacers, either more community involvement or some measures from management to […]
Time for Ballard to face storm
Until now, Mayor Greg Ballard hasn’t weighed in on the topic of financially assisting the Indiana Pacers. When last asked by the IBJ in late December, Ballard offered the following response.
“[The Pacers] haven’t…
UPDATE: WellPoint shares up, profit down-WEB ONLY
WellPoint shares surged after it reported fourth-quarter earnings that were battered by investment losses and job cuts. Shares of the Indianapolis-based health insurer closed at $44.50 today, up more than 4 percent on the day. The broader markets also rose on President Barack Obama’s plan to create a so-called “bad bank” to remove toxic mortgage assets […]
International Paper, OFS add to state job losses-WEB ONLY
Two more Indiana employers filed closing notices with the state Department of Workforce Development last week, disclosing plans to eliminate another 167 jobs. International Paper Co. said it will close its industrial packaging plant in Hartford City, north of Muncie, laying off 99 workers beginning March 26. The Memphis, Tenn.-based company also has operations in […]
Snow system wreaks havoc across country-WEB ONLY
The winter storm that walloped central Indiana this week isn’t just causing problems here. It also is dropping snow and freezing rain from Texas to New England. State road crews are fighting to keep up with slippery roads, while emergency workers clear up accidents. The storm is being blamed for at least 19 deaths across […]
WellPoint shares climb despite lower profits-WEB ONLY
WellPoint shares surged after it reported fourth-quarter earnings that were battered by investment losses and job cuts.Shares of the Indianapolis-based health insurer rose 4.3 percent in the first hour of trading, faster than the broader markets, which climbed on President Barack Obama’s plan to create a so-called “bad bank” to remove toxic mortgage assets from […]
Marvin Harrison’s accuser due in court-WEB ONLY
A Philadelphia man shot with a gun owned by Colts wide receiver Marvin Harrison is headed to trial. Dwight Dixon is accused of lying to police. Dixon initially told police he was shot during a robbery, but later accused Harrison of shooting him on April 28. Three weeks ago, Philadelphia’s district attorney announced it was […]
Expert: Put conditions on Pacers bailout-WEB ONLY
Marion County’s Capital Improvement Board may be preparing to swallow an extra $15 million in expenses to keep the Indiana Pacers in town, but one sports business expert said the aid shouldn’t come without conditions. “They have to demand something in return from the Pacers, either more community involvement or some measures from management to […]
Ballard consolidation plan targets townships-WEB ONLY
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
Union says Navistar foundry closing a surprise
United Auto Workers officials are hoping to find a way to keep open the foundry that has been associated with an east-side engine plant for 70 years, despite Navistar International Corp.'s plans to close both facilities by July 31.
Ballard consolidation plan targets townships-WEB ONLY
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
Medical exchange hopes stimulus falls its way-WEB ONLY
President Barack Obama’s economic stimulus bill provides a big opportunity for the Indianapolis-based Indiana Health Information Exchange to spread its expertise around the country. The organization created a company called Mergetics Inc. last year to help other cities set up health information networks similar to the Indiana Health Information Exchange. Obama’s bill, as it currently […]
Free tickets…with a catch
Free tickets are being offered for theaters throughout the city. But the catch is one you don’t have much control over…your age.
It’s the tenth year for Free Ticket February, presented by The League of Indianapolis Theatres (which, given its name,…
International Paper, OFS planning layoffs-WEB ONLY
Two more Indiana employers filed closing notices with the state Department of Workforce Development last week, disclosing plans to eliminate another 167 jobs. International Paper Co. said it will close its industrial packaging plant in Hartford City north of Muncie, laying off 99 workers beginning March 26. The Memphis, Tenn.-based company also has operations in […]