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The Indianapolis private-equity firm Hammond Kennedy Whitney & Co. Inc. has financed the recapitalization of Crane Rental Corp. of Orlando, Fla. Hammond Kennedy partner Jim Snyder said the value of the deal was more than $60 million, and involved the existing president of the family-owned company remaining in the post and holding a minority equity […]
Believe it or not, there are a few people who actually don’t know anything about Peyton Manning. They wouldn’t know him if they saw him drinking Gatorade, and they wouldn’t know him with or without a fake mustache. They wouldn’t…
The down economy hasnâ??t exactly been a gift to not-for-profits, but at least one is actually doing better.
Habitat for Humanity of Greater Indianapolis plans to build 22 houses this year, a couple of units more
than last year.
With dollar donations…
Indianapolis-based Celadon Trucking said it will help Farmington, N.Y.-based Priority America wind down its over-the-road trucking operations, but did not disclose the value of the agreement. Celadon will handle some of Priority America’s customer loads and assist a lender retrieve tractors and trailers and collect accounts receivable. However, Celadon will not buy assets of the […]
Fourteen thousand members of the United Steelworkers union are being asked to vote today to permit a strike against domestic plants operated by ArcelorMittal, a Luxembourg-based steel giant. In Indiana, ArcelorMittal has plants in Burns Harbor, East Chicago and New Carlisle. About half of the company’s 14,000 U.S. union employees are in the Indiana plants, […]
Officials for local cable television provider Bright House Networks said they expect to finalize a deal later this week to carry Big Ten Network programming. A deal would make Big Ten sports programs available to 120,000 households in central Indiana that don’t have access to the network. Comcast, the other major cable provider in the […]
Layoffs announced last week by The Indianapolis Star violated a contract with the Indianapolis Newspaper Guild, the guild alleged in a grievance filed yesterday Five of the seven newsroom staff who were laid off lost their jobs without consideration of their seniority, the guild claimed. The other two were managers, thus were not covered by […]
This yearâ??s SAT scores are out, and there isnâ??t much to cheer about. Indiana saw math scores improve slightly,
but reading and writing scores dropped a few points. All three remain below national averages.
Educators say the tests are…
First and foremost Indianapolis Colts President Bill Polian is a businessman. And he’s one of the best in the National Football League. Don’t expect Polian to get too giddy over the extra bucks…
Atlantis Plastics Inc., an Atlanta-based plastics manufacturer that filed for Chapter 11 bankruptcy protection on Aug. 10, has notified the Indiana Department of Workforce Development that it might close three plants in the Elkhart area. Two of the plants are extruding operations and one specializes in injection molding. They employ a total of 170. The […]
You heard it hear first–unless you’ve been hanging out in the halls of Butler University.
BU theater head John Green and prof/actress/director Diane Timmerman will be launching a new theater company next summer. Dedicated to bringing the best of world theatre artists…
This year’s Summer Olympics turned out to be a winner for NBC. Through Saturday night, NBC was averaging a 16.2 rating—meaning about 27.7 million viewers tuned in for its prime time coverage. Nationally, 28 percent of households on average tuned…
Developers are taking a new approach to a student housing project proposed for a 2.3-acre parking lot a few blocks east of the Central Canal….
The mathematical version of the Scripps National Spelling Bee could be coming to Indianapolis, according to a spokesman for the organization that hosts the event. The not-for-profit National Math Bee is based in Birmingham, Ala. It was founded by S. David Vaillancourt, who moved to the Indianapolis area recently. A Carmel office address is listed […]
Author Solutions has been fined $50,000 for using unauthorized copies of Adobe, Microsoft and Symantec software, the Business Software Alliance announced today. The Bloomington provider of self-publishing services was outed through a report to the alliance’s hotline, the alliance said. Author Solutions President and CEO Kevin Weiss said in a joint statement with the alliance […]
Indiana Attorney General Steve Carter has filed a lawsuit in Steuben County Court against Countrywide Home Loans Inc., alleging that the nation’s largest mortgage lender engaged in deceptive practices that led borrowers to obtain costly and potentially risky loans. He joins attorneys general from four other states in taking action against Calabasas, Calif.-based Countrywide this […]
The squishy Indianapolis-area residential real estate market has come to this: -Sluggish though it is, the region hasn’t been hit as hard as the nation as a whole. -Sellers have the greatest advantage if their house is priced below $75,000 or if the house is in Hendricks County. -Buyers have the most leverage if the […]
Author Solutions, the Bloomington company that helps people publish their own books, has admitted to using
copies of software from Adobe, Microsoft and Symantec.
The penalty? $50,000.
Author Solutions says the violations began under prior ownership and that it cooperated…
The IUPUI men’s basketball team appears headed across town to play home games at Conseco Fieldhouse. Officials for Pacers Sports & Entertainment said they would let IUPUI make any announcement.
University officials said an…
Eli Lilly and Co. said its depression drug Cymbalta showed some effectiveness against chronic low back pain, according to data presented today in Spain. The study gives Lilly evidence to perhaps get Cymbalta approved to treat yet another medical condition. The drug already has approval to treat depression, generalized anxiety disorder, diabetic nerve pain and […]
