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Arcadia Resources Inc. narrowed its losses in its fiscal fourth quarter, the Indianapolis-based home health care company reported today. Arcadia also grew its net revenue by nearly 8 percent to more than $37 million. The company recorded a net loss of $3.1 million in the quarter ended March 31. In the same period a year […]
It’s difficult to say which challenge will be more daunting for Indiana University’s athletic department—the king-size sinkhole in the school’s football field or the self-inflicted wound to the image of its men’s basketball…
St. Francis Hospital & Health Centers settled a contract dispute with Cigna HealthCare and its Sagamore Health Network last week, days before their old contract expired June 15. The new reimbursement contract will run through 2011. Indianapolis’ fourth-largest hospital system made public its feud with the Philadelphia-based health insurer in early May. The agreement allows […]
A consultant hired to help Bloomington decide how to replace lost manufacturing jobs recommends storing data for companies. Boyd Co. Inc. said in a recent report that Bloomington ranked third in a list of 45 cities in suitability for hosting data storage centers, according to The Herald-Times of Bloomington. The centers, which generate well-paying jobs, […]
German industrial giant Robert Bosch GmbH said late last week that it plans to buy CST/berger, a West Lafayette-based maker of laser tools, for $205 million. The deal must be approved by regulators. CST/berger is owned by The Stanley Works of New Britain, Conn. Its tools for measuring, detection and leveling help contractors and homeowners […]
A busy weekend for me included spending quality time with “Some Men” at the Phoenix Theatre, an afternoon visit to the Indy Jazz Fest, finally getting to see “Iron Man” at the movies, a trip to Bollywood courtesy of the Gregory…
MONROE COUNTY Self-publisher eyes new offices Expansion plans for Bloomington’s Author Solutions Inc. likely will eventually include a new building near the firm’s offices at State Road 37 and Second Street. Author Solutions CEO Kevin Weiss tells IBJ he has been looking around at sites to accommodate an influx of 130 new employees in the […]
TIPPECANOE COUNTY New research-to-market institute will be based on Purdue campus Purdue University will be part of a group that will use a $25 million grant to help turn health discoveries into commercial products through the creation of the Indiana Clinical Translational Sciences Institute. The National Institutes of Health will give the five-year grant to […]
HAMILTON COUNTY Carmel to sing virtues of Great American Songbook Carmel’s new 1,600-seat Regional Performing Arts Center has attracted a permanent resident. The Feinstein Foundation for the Education and Preservation of the Great American Songbook plans to relocate its headquarters there. The Feinstein Foundation, currently based in Los Angeles, holds museum artifacts that originally belonged […]
BOONE COUNTY Internet provider gets reprieve Lebanon Utilities will continue offering Internet service despite calls from a few utility board members to cancel the service. At a meeting in early June, the Lebanon Utilities Service Board voted 3-2 to continue providing the iLines service through a restructuring that establishes a telecommunications department within the city’s […]
SHELBY COUNTY Shelbyville troubles shut down Kings Title & Abstract Co. Troubles that surfaced in October at the Shelbyville office of Kings Title & Abstract Co. have now scuttled the company, one of the state’s largest title insurance agencies, and led to felony charges against one of its former employees. New Castle-based Kings Title ceased […]
JOHNSON COUNTY High fuel costs boost firm Casting Technologies Co., which makes lighter automotive parts that improve vehicles’ fuel efficiency, will expand this summer and add 40 new employees as part of its most recent $3 million expansion. It is the company’s second expansion in a year. The company, which employs 110 at its 183,000-square-foot […]
Flagship rises over post-GM town Incubator has helped preserve automotive talent base, foster diverse businesses ANDERSON – Along Interstate 69, in a new industrial building with side-windows covered in paper to foil prying eyes, Altair Nanotechnologies is perfecting a ceramic oxide battery with three times the power of a conventional lithium battery. Up the road, […]
HANCOCK COUNTY Pennsy Trail will grow to 5.3 miles The City of Greenfield will double the size of the Pennsy Trail, a 2.6-mile recreational trail atop former Pennsylvania Railroad bed that runs east-west, south of downtown Greenfield. Last month the city was awarded an $800,000 grant under the “Hoosiers on the Move” statewide trails plan. […]
HENDRICKS COUNTY Midwest Hospitality Group adding hotel in Avon Midwest Hospitality Group has filed plans to build a 73-room, four story Fairfield Inn and Suites in Avon, one of nine hotels the Avon-based company is building. Midwest Hospitality owns and operates six hotels in Central Indiana, including a Super 8 Motel in Avon. It’s expanding […]
Colossal signs may welcome visitors MADISON COUNTY-Anderson could become the city-of-the-enormous-sign. Most recently, the city zoning board approved plans for a 644-square-foot, Las Vegaslike electronic sign for the new Hoosier Park racino along Interstate 69. City officials believe the sign, which features a 16-foot video screen, will help draw the 50,000 people who are expected […]
Spotlight on Madison County Named for James Madison, the fourth U.S. president (1809-1817) 5 LARGEST CITIES/TOWNS population Anderson …………………………………..57,496 Elwood ………………………………………..9,096 Alexandria ……………………………………5,888 Pendleton …………………………………….3,919 Chesterfield ………………………………….2,780 5 LARGEST EMPLOYERS employees Guide Corp……………………………………1,500 Saint John’s Health System ……………..1,500 Red Gold…………………………………………900 Atlas Cold Storage…………………………….600 Delphi Automotive Holding………………….450 COUNTY MSA* Population 131,312 1,695,037 . Median age 39.2 […]
The accuracy of a key global interest rate has been under scrutiny since the credit market crisis surfaced last summer. The London-interbank-offered rate, known as Libor, is used to determine interest rates on more than $350 trillion in financial instruments around the world-note that was “t” for trillion. Many mortgages, fixed-income securities, consumer and corporate loans, and derivatives use Libor as a base rate when setting their interest rates. Libor is administered by the British Bankers Association, which once a…
It might be a bit over the top to say that a man I met only once and barely knew had a profound influence on my life, but that’s how I felt about Jim McKay. Thus, when I tuned in to view the Belmont Stakes on June 7 and the lead story was not of Big Brown’s (failed) bid for the Triple Crown but of Jim McKay’s passing at the age of 86, I admit I felt a sudden pang…
At the ripe age of 71, Sen. John McCain is poised to become the Republican nominee for president. Simply put, McCain is a senior. Years ago, we would’ve called him a senior citizen. If elected president, he would be 72 years old when taking office. While there is a minimum age of 35 to be elected president, there is no maximum. This raises the question: How old is too old to be a leader? Would a win for McCain be…
