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Fishers tables $100M project
An Ohio developer and the Town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million mixed-use project featuring 250,000…
Fishers, Town Center developer part ways
A proposed $100 million redevelopment project in downtown Fishers has come to at least a temporarily halt. The town and Cleveland-based Fairmount Properties LLC issued a joint statement yesterday saying they have agreed to end the agreement, which was signed in November of last year. Fishers was unwilling to use eminent domain to acquire properties […]
Dow AgroSciences buys Indiana seed company
Dow AgroSciences LLC announced today it is acquiring sales, marketing, agronomy and product development assets of Wabash-based Brodbeck Seed Inc. Financial terms were not disclosed. Brodbeck, which develops corn, soybean and wheat seeds, will remain headquartered in the northern Indiana city and be reconstituted as Brodbeck Seeds LLC. Dow AgroSciences said the deal will build […]
UPDATE Conseco shares leap after report
Stock in Conseco Inc. shot up 58 percent this morning after the Carmel insurer reported a big third-quarter loss but beat analyst expectations. The shares rocketed to $2.79 each – well below the $9 level where they traded in September but a big improvement over the all-time lows of less than $2 of recent days. […]
After assessors, what’s next?
Indiana voters this week in effect fired most of the remaining township assessors after the Legislature merged
the vast majority of their work into county-level assessor offices earlier this year.
But many of the recommendations from the report on…
UPDATE: IU forecasts ‘rough’ economy
If the economy were the weather, the extended forecast would call for cloudy skies with a smattering of sunshine. That’s the consensus of Indiana University economists who presented their 2009 economic forecast this morning in Indianapolis. A recession that started in the third quarter will last through the middle of next year and possibly until […]
McCain loss a hit to motorsports
John McCain’s loss to Barack Obama in Tuesday’s presidential election is a loss not only for staunch Republicans and conservatives, it’s also a loss for motorsports.
I know, there are more pressing presidential issues,…
Gregg same-store sales drop, profit disappoints
HHGregg Inc. reported today that same-store sales fell in its second fiscal quarter, and that profit missed analyst expectations. The Indianapolis-based appliance and electronics retailer said sales in stores open at least a year slumped 8.8 percent during the period ended Sept. 30. Earnings per share of 10 cents fell short of the 12 cents […]
IU: state economy will shrink; Indy in recession
Cooling global markets and the rising strength of the dollar will weaken Indiana exports and ultimately hurt the state’s economy next year, a panel of Indiana University economists said this morning. Employment will fall through most of 2009 and leave the state with 10,000 to 15,000 fewer jobs than in 2008, said the economists, who […]
Kite revenue rises, but profit tumbles
Revenue for Kite Realty Group Trust rose more than 5 percent, to $35 million, for the third quarter. But its profit fell by $1 million compared to the same period last year, the locally based company reported late yesterday. Kite recorded a profit of $2.9 million for the third quarter, compared to $3.9 million in […]
Conseco’s loss big, but smaller than forecast
Conseco Inc. reported a big third-quarter loss after the markets closed today. But the results appeared to be better than analysts had forecast. Carmel-based Conseco recorded a net loss of $182 million, or 98 cents per common share. That widened its loss from the third quarter last year, which totaled $53 million, or 28 cents […]
HPS Office Systems changes hands again
Toshiba Office Solutions has acquired HPS Office Systems from ImageTec LP less than two years after Illinois-based ImageTec bought the Indianapolis supplier of copiers and other office equipment. Leon Mordoh sold HPS to ImageTec LP in December 2006 for more than $6 million. HPS was the fifth-largest Indianapolis-area office-equipment dealer. Mordoh said at the time […]
Super Bowl ads selling fast
NBC has sold almost 90 percent of its advertising inventory for Super Bowl XLIII, which leaves only about 7 of 67 in-game spots remaining, according to network officials. That leaves an astoundingly low number…
Target to close south-side location
Minneapolis-based retailer Target Corp. announced today that it will shutter its location at 3700 S. East St. The store is south of downtown but north of I-465. Target said the store, which will remain open until Jan. 17, is being closed “after careful consideration of the long-term viability of this specific location.” The 84 employees […]
IBJ movie nights: Bond, etc.
In the past, I’ve hosted a wide range of IBJ Night at the Movies screenings.
The next two, however, are a little different. The tickets I’m giving away are, to be accurate, for IBJ LATE Nights at the Movies. Midnight, to be specific.
First…
Report: Lugar not interested in Obama post
U.S. Sen. Richard Lugar isn’t interested in becoming secretary of state in the administration of President-elect Barack Obama, according to an MSNBC report today. Nor is Lugar interested in any other position in Obama’s cabinet, the report said. However, a spokesman for Lugar, who serves on the Foreign Relations Committee, said he was looking forward […]
Third high-level exec to leave Community
Anita Harden, a 34-year veteran of Community Hospitals of Indiana and president of Community Hospital East since April 2004, is taking early retirement as of Nov. 26, the hospital announced to employees yesterday. Harden, 61, is the third executive to announce a departure in recent months. Longtime CEO Bill Corley said in June that he […]
3Mass taking shape
The luxury condo and retail project called 3 Mass is taking shape as sales pick up speed. Buyers have snapped up 26 of the 44 units, including $8 million in sales in September and October, said Todd Maurer of lead…
Assessor referendum sweeps Marion townships
Voters in eight Marion County townships overwhelmingly opted to consolidate duties of their local assessors and transfer the duties to the county assessor. Warren Township had the lowest affirmative count, 57 percent, while Washington had the highest, 70 percent. Results of the referendum question, “Should the assessing duties of the elected township assessor in the […]