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Lafayette-based truck trailer maker Wabash National Corp. reported a third-quarter loss of $4.3 million late yesterday after having turned a $3.8 million profit a year earlier. The 14 cents per share in red ink matched expectations of analysts surveyed by Thomson Financial. President Dick Giromini said material costs outpaced progress made in cutting other costs […]
Duke Realty Corp. generated 66 cents per share in funds from operations in the third quarter, a decline of two pennies from the same period last year, the Indianapolis real estate company reported late yesterday. Funds from operations are a common measure of financial performance for real estate investment trusts like Duke. Analysts surveyed by […]
Indianapolis health care equipment manager TriMedx LLC has separated its ultrasound business unit into a new company called Axess Ultrasound LLC. Axess, wholly owned by TriMedx, repairs ultrasound transducers and circuit boards in 37 states and 11 countries, and generates $10 million in annual revenue, TriMedx President Greg Ranger said yesterday. Axess is launching with […]
The Indianapolis private-equity firm of Hammond Kennedy Whitney & Co. Inc. has sold a medical products company in Lebanon, Tenn., to The Riverside Co., a private-equity firm headquartered in New York. Financial terms were not disclosed. Coeur Inc. makes syringes, tubing and other single-use products for the imaging market. Hammond Kennedy had owned Coeur since […]
An Indianapolis company that specializes in printing, packaging and dimensional mail has bought a cross-town direct-mail firm to broaden its services. The printer, Vista Graphic Communications LLC, announced yesterday that it has acquired Centennial Press-Printing and Mail for an undisclosed price. The deal becomes effective Oct. 31. Vista founder and President Tim Rolfsen said Centennial’s […]
Siemens Healthcare USA has leased 320,070 square feet in the Building 100 warehouse in Plainfield Distribution Center. The announcement was made by NAI Olympia Partners, which brokered the deal on behalf of Republic Property Co. Headquartered in Cary, N.C., Siemens Healthcare supplies diagnostic and therapeutic equipment. Olympia brokers Chip Barnes and Matt Dickerson represented Republic. […]
The Indianapolis Star is set to lay off as many as 95 people, or about 10 percent of its work force. The move is part of an effort by its parent, Virginia-based Gannett Co. Inc., to shore up its bottom line amid a sagging economy and eroding readership and revenue caused by the rise of […]
Beech Grove is working on a redevelopment proposal for its St. Francis Hospital campus. The tentative plans call for a mix of office, senior residential and possibly retail….
One of the people responsible for ensuring we stay healthy is Dr. Judy Monroe, who directs the Indiana Department
of Health.
So, what keeps someone with a job like hers up at night?
A nightmare scenario is a new virus that quickly…
No other metro area in the nation staged as large of an increase in its unemployment rate in September as Elkhart-Goshen in northern Indiana, the U.S. Bureau of Labor Statistics reported today. The rate leaped 5.1 percentage points from a year earlier to 9.3 percent. The region has suffered from a number of closings and […]
In a unique marketing campaign, the Indiana Pacers are asking fans to paint the town for the home opener Nov. 1 against the Boston Celtics. The team even went so far as to send out…
More than three weeks after Bright House Networks stopped carrying television signals of three Indianapolis television stations over its cable network, Bright House and the stations’ owner have reached an agreement to restore the service. Lin TV Corp., the Providence, R.I., owner of WISH-TV Channel 8, WNDY-TV Channel 23 and WIIH-TV Channel 17, said the […]
IdX Corp., a St. Louis company that designs and manufactures retail displays, will create 150 jobs within three years as part of an expansion of its Jeffersonville facility, the Indiana Economic Development Corp. said today. The $2.7 million project will add 420,000 square feet to the southern Indiana facility. IdX moved into the location in […]
MSI Packaging Inc. plans to move from Park 100 to Lebanon Business Park, an industrial park in the Boone County city, according to The Lebanon Reporter. The company sells and designs stretch films, foam and other packaging materials, and has been looking for a location to expand. MSI is buying a 6.5-acre site from Duke […]
Interesting stat in today’s New York Times: The last four winners of the Academy Award for Best Picture (“No Country for Old Men,” “The Departed,” “Crash,” and “Million Dollar Baby”) combined didn’t bring in the box office money of 2003’s…
Executives of Ace Holding Co. LLC didn’t foresee the financial storm that caused the company to shut down late last week. In an interview with IBJ 18 months ago, CEO Richard Hall said the company had originated more than $3 billion in loans in 2006, and he projected business to be up at least 30 […]
A surge in orders for the fuel systems it manufactures resulted in Franklin Electric Co. Inc. reporting a 48-percent increase in third-quarter profit late yesterday. The record $17.3 million in net income was driven by sales rising by nearly a third from the same period last year, the Bluffton company said. Franklin Electric’s 74 cents […]
Getrag won’t exactly have a white elephant on its hands if the German company is unable to make transmissions in its partially completed plant at Tipton. The 900,000-square-foot plant might work well for another auto supplier or even another use outside of manufacturing, experts say. Getrag’s plans to build a fuel-efficient dual-clutch transmission for Chrysler […]
First Internet Bancorp today reported a 30-percent drop in third-quarter profit, to $461,867, as borrowers struggled to pay back their loans. The $461,867 returns the parent of First Internet Bank to 2006 levels after it enjoyed a strong 2007. The bank also said today that it nearly doubled its provision for loan losses in the […]
Indiana University President Michael McRobbie said after he met with the finalists in contention to become the university’s next athletic director, there was no doubt in his mind that Indianapolis attorney Fred Glass was the man for the job. “When I kept reflecting on all the characteristics I wanted, I kept returning to Fred Glass,” […]
