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On Feb. 20, Plainfield-based cell phone distributor Brightpoint Inc. announced a blockbuster deal to buy Dangaard, its largest
European rival, for $308 million, a reversal of fortunes from five years ago between the competitors.
Nothing erases the thrill of getting a raise from your employer faster than the news that someone else got a bigger one. We care about how much money our friends, neighbors and coworkers make-not always in a benevolent sense-even though there is usually little we can do about it. The trappings of material wealth are all around us, and it is almost impossible, it seems, not to get caught up in the game. But despair over disparities in income and…
Buckingham Cos., the Indianapolis-based owner/manager of more than 60 apartment complexes in five states, has broadened its
development sphere to include three square blocks of downtown real estate.
For the first time in its history, Ivy Tech Community College has ranked tops in the nation in private donations to community colleges, according to the Council for Aid to Education, a New York not-for-profit that conducts policy research on higher education. Ivy Tech received $15.3 million last year from foundations, corporations and individuals. The […]
DTE Energy, the Detroit-based parent of Detroit Edison, is a key contender to buy Citizens Gas & Coke Utility’s east-side coke plant, according to a source familiar with the talks. DTE also owns MichCon, is a natural gas utility that serves 1.3 million customers in Michigan and has a diverse portfolio of energy operations. The […]
A company with operations in Indianapolis plans to announce Tuesday that it will create “hundreds” of additional jobs, according to Mitch Frazier, spokesman for Indiana Economic Development Corp. Frazier declined to identify the company, but said Indiana has won a tussle with several other Midwestern states for the project. Gov. Mitch Daniels and Indianapolis Mayor […]
Conseco Inc. expects to spend $53 million after taxes to shore up capital reserves for its long- term care and core insurance businesses, the company announced today. The Carmel-based insurer said the expense likely will wipe out its fourth-quarter profit, which Conseco now will announce on March 6, a week later than originally planned. During […]
About 300 workers at Citizens Gas & Coke Utility’s coke-making division have been told that they risk be laid off because the plant might be sold, Citizens announced this morning. Citizens, which has been trying to sell the plant at 2950 Prospect St. because it no longer fits its business strategy, said it is “concluding […]
Shares of Hurco Companies Inc. are setting records and soaring well above their nearly worthless status of three years ago. The stock has shot up 28 percent, to $45, since the Indianapolis machine tool maker late last week reported a surge in sales and earnings for its first fiscal quarter ended Jan. 31. The $5.4 […]
Eli Lilly and Co. today launched its first insulin injector pen with a digital memory in the hope of regaining market share lost in recent years to generic and inhalable insulin. HumaPen Memoir resembles a writing pen and is designed for patients who take several daily shots of insulin at mealtimes. The Indianapolis drugmaker said […]
Greg Tinsley has been named manager of the Conrad hotel in downtown Indianapolis, replacing Jan Chovanec, who resigned in January to be closer to his family. Tinsley most recently managed the Beverly Hilton in Beverly Hills, Calif. Prior to the Beverly Hilton, Tinsley held posts with Sheraton Hotels in several cities.
Businesses that use natural gas rated Vectren Corp. lower than companies across the country generally feel about their gas suppliers, according to this year’s J.D. Power and Associates report on business satisfaction with gas companies. The Evansville company, which serves the Indianapolis area outside Marion County, received a 708 rating on a 1,000 point scale. […]
Memphis-based Lenny’s Sub Shops announced today that it will open 28 sandwich shops in the Indianapolis area, beginning this spring in Avon and Carmel. Franchisee SamStorm Subs will locate 15 in Marion County, three in Hendricks County, and five each in Hamilton and Tippecanoe counties. Founded in 1998, the company has 700 locations in 18 […]
Appliance makers and other suppliers to the housing industry might feel the ripple effect of the housing downturn through the end of this year, according to a Bloomberg report. Sales of new and existing houses fell nearly 10 percent last year, though many observers believe the worst is over for the sales decline. The industry, […]
Marion Superior Court Judge Thomas J. Carroll yesterday issued a preliminary injunction ordering an Indianapolis company controlled by high-profile businessman Alan G. Symons to return computer files and other information allegedly taken from a Fishers competitor. The competitor, Product Action International LLC, claimed in a lawsuit filed in May that Symons’ company-Fast Tek Group […]
Guide Corp. has told retirees and former salaried workers that they will not receive medical and life insurance through the company after March 16. The salaried workers are eligible for a one-time cash payout of $35,000 to $45,000, according to The Herald-Bulletin of Anderson. In January, the Pendleton-based maker of auto lighting closed a taillight […]
Eli Lilly and Co. and other companies that make drugs for attention deficit hyperactivity disorder have been ordered by the U.S. Food and Drug Administration to develop handouts to give to patients warning of side affects. Some patients with heart problems have died suddenly or sustained strokes and heart attacks after taking the drugs, the […]
Two analysts who follow Plainfield-based Brightpoint Inc. have issued upgraded recommendations since the Plainfield-based cell phone distributor announced yesterday that it would buy Dangaard Telecom of Denmark in a $308 million stock swap. Ittai Kidron of CIBC World Markets said the stock will outperform its sector, and Christin Armacost of Lazard Capital Markets issued a […]
Meyer & Wallis has been retained by Marsh Supermarkets as its advertising agency of record. The Indianapolis ad firm was originally hired by Marsh in 2003. Florida-based Sun Capital Partners bought the Indianapolis-based grocery chain in September for $78 million.
NTN Driveshaft Inc. will add as many as 250 workers in Columbus, according to The Republic. NTN, which is headquartered in the city and employs a total of 1,600, makes constant-velocity joints for front-wheel and four-wheel-drive vehicles, and wants to be the largest such manufacturer in the world. The newspaper also reported that the city […]
