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FinishMaster Inc. turned a $4.8 million profit in the third quarter, nearly identical to its net income of a year earlier, due to three acquisitions. Sales increased 4.1 percent to $123 million, the Indianapolis-based automotive paint distributor said yesterday. Without the acquisitions, sales would have been flat. FinishMaster shares closed at $18.85 yesterday, down from […]
The 18-year relationship between Indianapolis-based Steak n Shake Co. and its hometown ad agency has fizzled out. At an investor conference this afternoon at the Marriott Hotel downtown, the restaurant chain said it is terminating its contract with Young & Laramore and will hire another agency of record. Young & Laramore leaders got the news […]
Several retail nuggets to peruse today:
Reis-Nichols plans to add 2,000 square feet to its Greenwood store by taking over the former Steve’s Flowers & Gifts space. The $500,000 project is slated to…
An Indiana University committee made the right call yesterday when it recommended leaving the name of a segregationist
on an athletics facility, says a Ball State University historian.
John Mathew Glen says the committee appropriately recognized contributions of former judge and…
A decline in franchise sales prompted by the slowing economy and financial crisis dragged down profit for Noble Roman’s Inc. in the third quarter. The pizza and sub sandwich franchisor, which is headquartered in Indianapolis, reported late yesterday that net income fell to $304,809, less than half the level of a year earlier. Revenue plunged […]
Sliding sales coupled with costs incurred from a turnaround plan threw Steak n Shake Co. for a $9.2 million loss in its fiscal fourth quarter, the Indianapolis-based hamburger and milkshake company reported last night. It was the fourth quarterly loss in a row, and the 13th straight decline in same-store sales. The period ended Sept. […]
An interesting Wall Street Journal piece (read it here) asks why we don’t see conservative political theater. Apart from Tom Stoppard and David Mamet, the writer of the piece “can’t think of a single well-known American or British playwright…
It’s been a big year for the Indianapolis Motor Speedway and Indy Racing League. The IRL has seen some growth in this season of unification, with more viewers overall for the IRL and…
An Idaho real estate firm that sold interests in central Indiana properties to dozens of investors around the country filed for Chapter 11 bankruptcy protection in Delaware today. DBSI Inc.’s local properties include three buildings in the Allison Pointe office park, and an office building at Heritage Park; both locations are on the northeast side. […]
St. Vincent Foundation said today that it will use a $1 million donation from retired Herff Jones Inc. CEO A.J. Hackl to set up a permanent endowment for the St. Vincent Joshua Max Simon Primary Care Center. The center, which serves poor and uninsured patients, opened in October 2007 at 8414 Naab Road, across from […]
Struggling Irwin Financial Corp. reported today that it lost $54 million in the third quarter, down from $108 million in the second quarter, and said it is making progress turning itself around. The Columbus-based banking company is scaling back its far-flung operations and increasing its capital. Columbus neighbor Cummins Inc. last month committed to purchase […]
Evansville-based truck parts maker Accuride Corp. disclosed today that its stock has been suspended from trading on the New York Stock Exchange. Accuride’s market capitalization in the past month fell below the minimum average of $25 million. The company’s average had fallen to $9.2 million when Accuride warned of the potential delisting late last month. […]
One of the most secretive companies in town has made its first public announcement in a long time.
Harlan Sprague Dawley, which is best known for supplying custom-designed laboratory rats for research, has
reorganized its various units under a…
Indianapolis-based contract research firm Harlan Sprague Dawley has re-branded itself, bringing its multiple companies under one name – Harlan Laboratories Inc. Harlan, which provides animal testing and other kinds of pre-clinical research services, employs 3,000 workers in 12 countries, including 300 in Indianapolis. Its subsidiaries included SafePharm, a contract research firm for the chemical industry, […]
Health care benefits that promote wellness should be an ongoing executive suite focus, not simply an annual budget concern.
The new, $1.1 billion terminal at Indianapolis International Airport likely won’t house as many airport employees as the existing
facility. Instead, portions of the terminal are being set aside for their revenue-generating potential.
Indianapolis-based MZD Advertising topped a field of 14 agencies competing to become agency of record for Gap Solutions Inc.,
which provides contracted services that support the National Guard Child Care Program.
For the first time in more than 40 years, Indiana helped elect a Democratic president.
This week, low-key dynasty dynamics at the Indianapolis Museum of Art and a mismatched couple at the Phoenix Theatre.
The development of shopping, restaurants, museums, public arts and hotels downtown in the past 25 years has made Indianapolis
a vibrant, more interesting place to live—and to visit.
