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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 […]
Roche Diagnostics announced late this afternoon that it was transferring 300 local jobs to Germany. The company, which employs 2,800 locally, said moving the jobs-most of which are in operations and R&D-makes sense because similar positions already are there. Swiss-based Roche makes pharmaceuticals and medical equipment. The jobs are expected to shift to Germany over […]
Thanks to its improved efficiency, manufacturing is in much better shape in Indiana than conventional wisdom suggests, a new study says. The state is holding its own in workers employed in the sector, said the study, sponsored by Conexus, an Indianapolis-based not-for-profit that promotes manufacturing and logistics. Moreover, Indiana manufacturing workers are among the most […]
WellPoint Inc. has won a contract to administer the Medicare program in New York and Connecticut, a deal worth up to $323 million over five years, the company announced today. The Indianapolis-based health insurer will perform key Medicare administrative functions, for its contracts with hospitals, nurses and physicians, including appeals, reimbursement, claims processing, medical review […]
Emmis Communications Corp. today said it has signed an agreement to sell Fox affiliate WVUE-TV in New Orleans for $41 million to Louisiana Media Co. LLC, which is principally owned by Tom Benson, owner of the New Orleans Saints. After-tax proceeds are expected to be about $35.5 million, Emmis officials said. In addition, Emmis will […]
In his five years as executive director of the United Nations World Food Programme, Jim Morris saw global
hunger from an uncomfortably close vantage point.
So, one might expect him to criticize the idea of turning corn and soybeans into alternative…
A key company in Elwood closed abruptly on Friday, pushing 60 to 70 people out of jobs. State Plating, which coated steel with nickel, had been in business in the town north of Fishers since 1962. The company didn’t respond to messages from The Herald Bulletin of Anderson, but the newspaper said the rising cost […]
About a year ago, on a previous trip to NYC, I happened to be in town with a free Sunday evening. That’s usually not the most happening time in any town, but I knew there had to be something outstanding…
The topic of health care sparked the most spirited comments from business leaders interviewed by IBJ ahead of the May 6 presidential
primary. When asked whether they thought Barack Obama or Hillary Clinton would be better for business, executives in manufacturing,
exporting, computer technology, logistics and education largely demurred.
Since its founding 17 years ago, Indianapolis-based Harlan Bakeries LLC has built its reputation, and its fortune, on making
bagels. Untold millions of bagels. Considering the number of conventional treats Harlan turns out, it might be easy to overlook
its newest project: producing a non-medical “diet cookie” for Boca Raton, Fla.-based Smart For Life Weight Management Centers.
Some high-tech companies are so risky that even venture capitalists quiver. That’s when they turn to angels, who aren’t afraid to fly to the rescue of cash-strapped innovators with chancy yet possibly lucrative ideas. Last year, two dozen of central Indiana’s most successful business veterans decided to intercede on behalf of Hoosier entrepreneurs. They formed HALO Capital Group, a network of angel investors who seek to speculate on promising Indiana startups. Every other month, the HALO group meets at a…
Cynthia Cyphon called me for “insights” on the latest county statistics released by the Bureau of Economic Analysis. “So what’s doing with these numbers?” she asked. “I see Hamilton County, the state’s wealthiest county, is not anymore.” I went out on the deck with my lapdog and my laptop. This was going to be a long phone conversation. “Cynthia, get your head around this,” I said. “Per-capita personal income is used widely as an indicator of economic wellbeing. That’s why…
