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White River Capital Inc. today reported a $20.5 million loss in the third quarter, in line with expectations the company announced Oct. 27. The loss reflected a previously disclosed non-cash write-off of $34.5 million of goodwill to reflect the declining values of financial services stocks. The Indianapolis company owns Virginia Beach-based Coastal Credit LLC, which […]
An auction yesterday of 9,422 acres of wooded property in southern Indiana owned by Kimball International Inc. was peppered with bidders who snapped up small tracts for recreational purposes. The company’s auction raised $15.6 million. Seventy-two buyers paid an average of $1,654 per acre for tracts that averaged 130 acres each, according to auctioneer Woltz […]
The former Whistle Stop Deli at 901 East 64th St. isn’t the only building along the Monon Trail the city’s parks department is…
At his strongest when addressing the largely student audience on generationally-specific subjects, stand-up B.J. Novak–best known from his role as Ryan on NBC’s “The Office”–riffed smartly on OnStar, iTunes, Bill Nye, Wikipedia and GoogleMaps during his Thursday night set at…
Does Bill Polian’s attendance at Ball State’s home football game Wednesday night mean the Indianapolis Colts are quarterback shopping? League sources and draft experts said the notion shouldn’t be discounted, although Colts Coach…
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…
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 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 […]
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. […]
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…
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 […]
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,…
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 […]
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 […]
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 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 […]
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 […]
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…
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 […]
