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Hillenbrand Industries Inc. reported today that profit in its fiscal fourth quarter fell on an adjusted basis to 82 cents per share from $1.12 per share a year earlier. The setback in the period ended Sept. 30 resulted from troubles in its Acute Care and Batesville Casket businesses in North America as well as investments […]
Aearo Technologies Inc., the Indianapolis company that makes goggles, earplugs and other personal safety equipment, has agreed to be acquired by 3M for $1.2 billion, the companies announced this morning. St. Paul, Minn.-based 3M plans to use Aearo to expand its own health and environmental-safety product lines. Aearo brands include E-A-R, Peltor, AOSafety and SafeWaze. […]
Drug prescription giant CVS Caremark Corp. has leased 162,000 square feet of warehouse space in Hancock County at Mount Comfort Commercial Park, according to Colliers Turley Martin Tucker, which helped broker the lease with KTR Capital Partners, a New York private equity firm. The deal, valued at more than $3 million, consolidates several locations and […]
An upscale martini bar and restaurant has signed a deal to take the anchor retail space at 757 Mass Ave, the luxury condo building at the southwest corner of Massachusetts and College avenues….
The Milwaukee bank that announced in July that it would acquire First Indiana Bank plans to close First Indiana’s longtime operations center at 1253 N. Emerson Ave. in Greenwood by Jan. 2, according to a filing with the state. Marshall & Ilsley will lay off 121 workers in conjunction with the closure, the filing said. First […]
Itâ??s been a busy day for the movement in Indianapolis to organize janitors under the Service Employees International
Union.
The union announced that it plans to begin negotiating with several janitorial firms operating in the Indianapolis
areaâ??a huge victory for the…
Several janitorial firms operating in the Indianapolis area have agreed to negotiate a contract with the Service Employees International Union, which has been holding protests and other events downtown for two years to try to force the talks. Meanwhile, a clergy group that backs the union is taking its campaign against Indianapolis-based HDG Mansur Group […]
Morton Meyerson, formerly president of EDS and the former chairman and CEO of Perot Systems, is the lead investor in a group that has placed $8 million into Indianapolis-based ChaCha, a search engine that uses people to aid in searches. ChaCha also announced today that Meyerson has been named to its board. In addition, ChaCha […]
A team of local developers is hoping to build a 550-bed, 16-story apartment tower near the IUPUI campus. The $40 million project, dubbed Paramount Tower, would target the lucrative student-housing market….
Bloomington Mayor Mark Kruzan is expressing concern over a previously announced partnership between his city’s hospital and Indianapolis-based Clarian Health. Kruzan said in a letter to The Herald-Times of Bloomington that his first worry is the potential loss of local control at Bloomington Hospital. “Bloomington Hospital needs to remain just that-Bloomington’s hospital,” he said. “Patient […]
Shares of HHGregg Appliances Inc. shot up 6 percent, to $15.68, today after the Indianapolis appliance and electronics chain reported a brighter earnings outlook and an 8.9-percent increase in same-store sales in its second fiscal quarter. The increase came during a stretch when many retailers struggled. Gregg reported a $6.9 million loss in the quarter […]
A $40 million gift from the Simon family to Riley Hospital for Children will help finish a new 10-story in-patient building and launch a fund-raising campaign, Riley Children's Foundation announced this morning.
Gov. Mitch Daniels’ personal involvement and the “entrepreneurial spirit” of the Indiana Economic Development Corp. were among the reasons Medco Health Solutions announced Nov. 12 that it had chosen the Indianapolis area over Louisville for the location of a $150 million pharmaceutical distribution center. The sentiment was expressed by Medco President Kenneth Klepper in The […]
Contractors uncovered a bit of history this week as they continued renovation work at One Indiana Square, the 36-story office tower at Ohio and Pennsylvania streets. The work revealed parts…
A state legislative commission studying Indiana’s tax woes said today that it thinks the government should trim property taxes 50 percent for most homeowners. The bipartisan commission also wants to reduce taxes by 25 percent for other residential property like apartments and second homes. It would balance these cuts with increases in local option income […]
A huge mixed-use project proposed for just south of downtown would feature a 3,400-seat theater designed to attract 150 concerts, plays and events per year. Lead developer Ryan Zickler says the venue could draw 250,000 new visitors to downtown per year. His development team is finalizing plans for the overall $480-million project, which also calls […]
Conseco Insurance Group announced yesterday that its president, Michael J. Dubes, has retired and been replaced by Dan R. Bardin. Dubes, age 65, led the unit of Carmel-based Conseco Inc. since June 2005. Bardin most recently was an industry consultant. He also has been chief executive of insurance at Prudential Corp., Asia, and general manager […]
Gov. Mitch Daniels has proposed capping residential property taxes at 1 percent of a homeâ??s assessed value,
rental properties at 2 percent and businesses at 3 percent.
Now state Sen. Luke Kenley says the bipartisan commission on taxes he heads will…
WISH-TV Channel 8 today launched a dedicated channel on the growing Internet site YouTube.com., which is owned by Google Inc. and has become the Web’s biggest video search engine. WISH’s parent company, Rhode Island-based Lin TV Corp., made the same move for its stations in Grand Rapids, Mich.; New Haven, Conn.; and Providence, R.I. Lin […]
Standard & Poor’s Ratings Service has increased its outlook on Indianapolis’ general obligation bonds to “AAA stable” from “AAA negative.” The rating, which anticipates the city’s ability to repay its debt as far as two years into the future, is the highest issued by S&P. Prompting the upgrade was the city’s decision to increase income […]
