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The collapse of Davis Homes doesn’t mean the Davis family will stop building houses altogether in the Indianapolis area. Davis Homes CEO Brad Davis said today he plans to begin building custom and semi-custom houses before the end of the year. Davis said he plans to start on his native north side by tapping relationships […]
The Chicago region experienced a sluggish economy last month, according to the latest Beige Book report by the Federal Reserve Bank of Chicago. Mixed consumer spending was influenced by federal tax rebates and increased retail discounting as well as by slowing auto sales. Tourism and agriculture was hurt by wet weather, and discretionary spending on […]
Wall Street rejoiced today after WellPoint Inc. posted second-quarter profit that exceeded analysts’ estimates. Investors bid up shares of the Indianapolis-based health insurer as much as 9 percent. As of late this morning, the stock traded at $52.06, up 6.8 percent. WellPoint stock rose along with broader markets, which surged as the price of crude […]
Several indicators suggest the bear market in stocks is over and greener pastures lie ahead, an Indianapolis broker says. Kevin Schmidt, executive vice president of the private client group at City Securities Corp., said most of the bad news has emerged from the housing, airline and finance debacles, which suggests investor sentiment will begin to […]
If you haven’t seen the video of Saturday’s altercation between Indy Racing League drivers Danica Patrick and Milka Duno, you can go to YouTube. More than 600,000 people have watched it since…
Indianapolis-based YourEncore Inc. has launched an office in the United Kingdom primarily to serve one of its main customers, Cincinnati-based Procter & Gamble Co. Founded in 2003, YourEncore enlists retired scientists and engineers to help companies in the life, consumer and food sciences as well as in specialty materials, aerospace and defense. It has a roster […]
At England’s Ways with Words literary festival, authors were asked to name books that they are ashamed to admit they haven’t read. See story here.
For me, that would be a long list, including “Catch-22,” “Moby Dick,” “Remembrance of Things…
By Norm Heikens Charge-offs on consumer loans crimped second-quarter profit for First Internet Bank, its parent, First Internet Bancorp, said yesterday. The bank reported $437,000 in profit, down 48 percent from the same period a year earlier. First Internet Bank charged off $343,000 in the most recent quarter and set aside an additional $767,782 for […]
The handshake â?? a meet-and-greet fixture since medieval folks developed the gesture to show they werenâ??t armed
â?? is beginning to be replaced in some circumstances by the fist bump.
Lightly tapping fists has been a staple of athletes…
Art Patterson, who launched Flagship Enterprise Center in Anderson and built the small-business incubator and accelerator into a three-building operation, has been named CEO at Elona Biotechnologies Inc. in Greenwood. Patterson left Flagship early this year after completing a four-year startup phase. Expertise to help small businesses had been established through host Anderson University as […]
Broadway has a new lead actress for “Legally Blonde: The Musical,” thanks to an MTV talent competition (see story here). London and Broadway have also cast talent for revivals of “Grease,” “Joseph and the Amazing Technicolor Dreamcoat,” “The…
IUPUI men’s basketball Coach Ron Hunter is making good on a promise he made in January to personally deliver shoes to the poorest of the poor.
Thursday, Hunter and members of the Jaguars team…
Warsaw-based Zimmer Holdings Inc. will create 100 jobs in a $19 million expansion of its foundry in the northern Indiana city, the Indiana Economic Development Corp. said today. The 50,000-square-foot expansion will result in greater automation and produce 1.3 million castings a year. The state offered 400,000 in tax credits based on jobs created. Zimmer […]
A new study shows newspapers continue to lose advertising dollars and circulation to the Internet, and theyâ??re
slicing ever deeper into newsroom budgets to try to stay in the black.
Stories are shorter and devote less attention to international…
FedEx Corp. has asked a bankruptcy judge to allow it to sue ATA Airlines Inc. for breaching a contract to carry military personnel. The filing comes a month after ATA sued FedEx, claiming that it was forced into bankruptcy when FedEx notified ATA that the contract would end this fall. ATA was obligated to continue […]
AAA Hoosier Motor Club today finalized a three-year deal with the Indianapolis Motor Speedway, making AAA Hoosier Insurance a primary sponsor of the inaugural Red Bull Indianapolis GP MotoGP event on Sept. 14…
One of Indiana’s biggest information technology companies is adding new leadership. Muncie-based Ontario Systems LLC, which develops debt-collection software, has named Tony Reisz as its new president and CEO. He replaces Ontario co-founder Wil Davis, who continues as chairman. Davis was not immediately available for comment. But co-founder Ron Fauquher said top management jobs had […]
Record flooding in early June won’t spark an economic shot in the arm for Indiana like the typical rebuilding process that follows hurricanes and many other natural disasters, according to Richard DeKaser, senior vice president and chief economist at National City Bank. That’s because most of the damage was to agricultural crops, which cannot be […]
Standard & Poor’s Rating Service has raised Indiana’s credit rating to its highest-ever, allowing schools and other agencies to borrow money at lower interest rates. Standard & Poor’s pushed the rating to “AAA” from “AA+,” where it had stood since 2006. The was due in part to property tax reform, low-overall state debt levels, a […]
