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Shares of Wabash National Corp. plummeted 15 percent today after the Lafayette-based truck-trailer manufacturer reported more red ink than analysts expected. The stock fell $1.50, to $8.50, by mid-afternoon. Wabash said it lost $6.4 million in the first quarter, a reversal from a $1 million profit a year earlier. The loss amounted to 21 cents […]
The good news for the Indy Racing League keeps rolling in. On the heels of a significant attendance increase at the April 27 race at Kansas Speedway over last year’s event, series officials are now reporting that television ratings also…
Democratic presidential hopefuls Barack Obama and Hillary Clinton are locked in a virtual dead heat in Indiana, according to the latest Howey-Gauge Poll. Hoosiers favor Obama over Clinton by the slim margin of 47 percent to 45 percent. In the race for governor, Democrat Jill Long Thompson holds a commanding lead of 45 percent to […]
Conner Prairie landed its own four-page section in the current issue of Smithsonian magazine and, of course, the powers that be at the rustic landmark are thrilled.
In a press release, Brenda Myers, executive director of the Hamilton County Convention…
The Indianapolis Indians are just 321 fans short of drawing 7 million fans to Victory Field, which opened mid-summer 1996.
The team plans to celebrate the milestone tonight when the Tribe plays the Columbus Clippers….
Simon Property Group today reported that funds from operations, a common measure of real estate investment trusts like the Indianapolis-based shopping mall giant, rose 7 percent in the first quarter. The $420 million amounted to $1.46 per share, slightly more than the $1.44 expected by analysts surveyed by Thomson Financial. Net income fell 10.7 percent, […]
Dow AgroSciences, the Indianapolis-based agricultural arm of Dow Chemical Co., saw profit leap to $331 million in the first quarter from $282 million a year earlier due to internal growth and acquisitions. Sales increased 27 percent, to $1.3 billion, on price increases averaging 11 percent across its global footprint, particularly in Europe and Latin America. […]
Brightpoint Great Britain Ltd., a unit of Plainfield-based Brightpoint Inc., has bought the wireless distribution business of Hugh Symons Group Ltd. for $586,000. Hugh Symons also will receive up to an additional $7.2 million if it reaches certain performance goals over the next three years. The acquisition gives Brightpoint a long-desired entry into the United Kingdom. […]
Truck trailer manufacturer Wabash National Corp. reported a $6.4 million loss in its first quarter, down from a $1 million profit a year earlier. The loss amounted to 21 cents a share, more than the 14-cent loss anticipated by analysts surveyed by Thomson Financial. New trailer sales plummeted 43 percent, to 6,300 units, in the […]
Profit at Indianapolis-based Interactive Intelligence Inc. fell 36 percent, to $1.1 million, in the first quarter due to timing of taxes on its earnings. However, the developer of business communications software saw operating income climb to $1.5 million in the quarter ended March 31 from $1.4 million a year earlier. The income was driven by […]
United States Cold Storage Inc., a Voorhees, N.J., company specializing in logistics for refrigerated and frozen food, is considering building a warehouse in Lebanon. The $50 million warehouse eventually could be as large as 423,000 square feet, according to The Lebanon Reporter. It would be built on 59 acres in Lebanon Business Park. Duke Realty […]
Indianapolis will lose one of its largest law firms May 1 when the Cincinnati-based Taft Stettinius & Hollister LLP absorbs Sommer Barnard PC. Neither firm would confirm or deny the deal, but several sources in the local legal community say the deal will be announced today. When reached by phone, Taft Stettinius Managing Partner Thomas […]
The signs of the 25-year-old RCA Dome are coming down next week. The building which helped lure the Indianapolis Colts here from Baltimore will follow.
The Indiana Stadium and Convention Building Authority this afternoon announced detailed plans for demolishing the RCA Dome…
Jeff Herrod said all it took was a head-first dive into freezing cold water to wake him up to the importance of the Special Olympics here in Indiana.
The Former Indianapolis Colts linebacker will host a silent auction…
Shares of Old National Bancorp shot up more than 8 percent this morning after the Evansville bank reported that first-quarter profit increased 81 percent. Old National said it earned $19.3 million, or 29 cents per share – more than double the 14 cents expected by analysts surveyed by Thomson Financial. The bank, which has several […]
I’m going to be out of town later this week, but that doesn’t mean you can’t be part of another IBJ Night at the Movies in my absence.
This time, it’s the critically praised documentary “Young @ Heart,” sneak previewing Thursday…
Details of a crucial aspect of the Lucas Oil Stadium-Convention Center project could be revealed today as city and stadium construction officials meet to discuss the project.
The construction timeline on the $10 million connector…
For me, it was a whirlwind of a weekend, especially if you start with Thursday (OK, so I’m still a college student at heart).
I started with a road trip to Louisville to catch the national tour of “Avenue Q,” found…
Chicago Sun-Times columnist Mark Brown suggested over the weekend that Barack Obama might fare better with
Indiana voters if Obama werenâ??t from Illinois.
Indiana folks think of Illinois â??as the land of hoods and thugs,â?? Brown said. Illinois people…
Buehler Foods, which operates 22 grocery stores in Indiana, Illinois and Kentucky, is being sold to Bowling Green, Ky.-based Houchens Industries Inc., according to the Evansville Courier & Press. Buehler Foods, a family owned business founded in Jasper in 1940, employs about 1,500 workers. All stores are expected to remain open and all employees will […]
