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A program rolled out yesterday by State Treasurer Richard Mourdock aims to encourage more Indiana business owners to sell companies to their employees. The Treasurer’s Office will subsidize banks for loans used in transitions to employee stock ownership plans, or ESOPs. Taxpayers will more than recoup the program’s annual cost of $500,000 a year because […]
A while back, I was asked by a charitable foundation if I’d be willing to be part of a silent auction package at a fund-raising dinner. The prize? The highest bidder would join me on one of my reviewing assignments….
Airleaf LLC, a Martinsville book publisher formerly known as Bookman Publishing LLC, has been sued by Indiana Attorney General Steve Carter for allegedly failing to follow through on agreements to publish and promote customers’ books and reimburse royalties. Included in the suit is Airleaf owner Carl Lau. Filed in Morgan Circuit Court, the suit seeks […]
One of Indy’s most notable writers, Dan Barden, earned national acclaim for his book “John Wayne: a novel,” published in 1997 by Random House. He’s also penned essays for such publications as GQ and Details, teaches creative writing at Butler…
A renewable energy company that is building an ethanol plant in Bluffton has agreed to be sold to an Omaha, Neb., ethanol firm. The acquisition of VBV LLC is valued at $383 million, the buyer, Green Plains Renewable Energy Inc., announced late yesterday. VBV is a Delaware company owned by Ireland-based NTR plc and the […]
British entrepreneur Richard Branson has unloaded a company thatâ??s building two ethanol plants in the U.S.,
including one near Fort Wayne.
In an interview with Fortune magazine during the peak of ethanol optimism in early 2006, Branson said industry…
Conseco Inc.’s loss narrowed in its first quarter, but the company still missed the expectations of Wall Street analysts. The Carmel-based insurer reported a loss of $5.8 million for the three months ended March 31, compared with a $10 million setback in the same quarter a year ago. Excluding investment losses, Conseco’s insurance companies posted […]
Conseco, Inc. has agreed to pay as much as $6.3 million in fines and restitution to settle an investigation by insurance regulators in Indiana and four other states into its handling of claims, complaints and marketing of its long-term care policies. The Carmel-based insurance company said today that the settlement affects customers of two subsidiaries: […]
Calumet Specialty Products Partners LP late yesterday reported a $3.4 million loss in its first quarter after having posted a $28.2 million profit a year earlier. The Indianapolis company, which processes crude oil into lubricating oils, solvents and other products, blamed the result on skyrocketing oil prices. Calumet’s specialty products segment was hit hard because […]
DCL Medical Laboratories will add 125 jobs at its Indianapolis offices, the company announced today. DCL, which provides clinical laboratory test services to makers of drugs and medical devices, will invest more than $4.7 million and add more than 20,000 square feet of commercial laboratory space in its expansion. The company now employs more than […]
Last night I caught a sneak preview of “Speed Racer,” the would-be summer blockbuster from the makers of “The Matrix.”
This overlong adaptation of the cheesy kids show of yesteryear has a cool color palate, a lead performance from Emile Hirsch…
FinishMaster Inc. posted first-quarter profit of $6.3 million, nearly double the $3.2 million of a year earlier, the Indianapolis company announced late yesterday. FinishMaster attributed the upswing to a settlement from a lawsuit and a one-time prior year charge. Without the two items, profit would have been $3.2 million, down from $4.2 million a year […]
Exit polls yesterday showed Hoosiers voted their pocketbooks. Theyâ??re worried about the economy.
That has a familiar ring. Many voters made a similar point four years ago when Gov. Mitch Daniels beat
Gov. Joe Kernan by promising to improve the economy.
Now,…
Shares of Plainfield-based Brightpoint Inc. increased 3 percent, to $9.76, this morning after sliding nearly 5 percent earlier in the day. The gyrations came after the cell phone distributor announced late yesterday that it earned $7.3 million, or 9 cents per share, in adjusted net income in the first quarter, less than the 12 cents per […]
In a story rich with irony, Cigna HealthCare is threatening to kick the St. Francis hospital chain out of Sagamore Health Network, the very managed care network that Cigna bought last year from St. Francis and other hospital groups. The dispute comes after health insurance giant Cigna and Sagamore failed to negotiate a new reimbursement […]
Duke Realty Corp. and CB Richard Ellis Realty Trust have formed a joint venture that will buy from Duke up to $800 million of industrial buildings over the next three years. The agreement calls for the joint venture to buy six properties this year. The properties span 5.2 million square feet and are valued at […]
This Thursday, the folks behind Saxony, the latest let’s-make-a-town-from-scratch in Hamilton County, will be dedicating a new sculpture by Bloomington artist Dale Enochs. The piece will be a prominent part of the 725-acre housing/office/retail community.
Indianapolis-based The Finish Line Inc. and Nike Inc. are opening a concept store in the Phoenix area catering to young runners and athletes in training, the companies said today. The store, to be called Finish Line Ltd., will be divided into segments focusing on running, sport style and training, and will specialize in shoes, clothing […]
Weâ??ve experienced, or maybe endured, one of most intense campaign seasons in memory here in Indiana.
Perhaps you were one of the people who pollsters and news organization kept saying would turn this primary
election, the undecideds.
If you voted in the…
MD Logistics added 120,000 square feet to its warehouse in Plainfield and hired 80 workers after expanding a contract it holds with Audiovox Corp. MD will label and repackage Thomson Consumer Electronics products arriving in bulk from Asia, then distribute the repackaged products. Audiovox, headquartered in Hauppauge, N.Y., in October 2006 acquired Thomson’s consumer electronics […]
