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Baldwin & Lyons Inc. swung to a loss in the third quarter, the insurer of truck fleets announced today. The Indianapolis company lost $7.3 million compared with a $11.7 million profit of a year earlier. Much of the difference was driven by $16 million in losses on stocks and other investments. Baldwin & Lyons earned […]
Troubled electronics retailer Circuit City Stores Inc. said today it will close its store near Washington Square Mall on the east side as part of a plan to shutter 155 locations nationwide and return to financial health. Also slated for closing are locations in Lafayette and South Bend, and one in the southern Indiana town […]
A “turbulent economy” that’s causing the radio industry to struggle has prompted Emmis Communications Corp. to lay off 4 percent of its workers in the sector. The downsizing amounts to 29 full-time workers and 6 part-time employees, the Indianapolis company announced this morning. Emmis also said it snipped 3 percent from salaries of radio and […]
The Indiana Pacers are bellowing out a call to change—one that goes far beyond the new look team that has taken the floor this year. On Oct. 31, the Pacers announced a partnership…
Simon Property Group today reported a 10.8-percent increase in third-quarter funds from operations. Funds rose to $463.9 million, or $1.61 per share – 4 cents per share more than expected by analysts surveyed by Thomson Financial. Mall occupancy dipped slightly. However, the company pushed up rents at a time when retailers are suffering and expecting […]
The St. Francis hospital system has postponed the threatened termination of its contract with Anthem Blue Cross and Blue Shield in Indiana until Friday, Nov. 7. St. Francis had promised to cancel its contract at midnight Nov. 2, saying Anthem has been slow to pay claims and hasn’t granted St. Francis terms similar to other […]
Charles F. Potts, the CEO of Indianapolis-based Heritage Construction, will serve as 2009 chairman of the American Road &
Transportation Builders Association.
Libertarian candidate Andy Horning should have been covered in more detail in IBJ article about the governor’s race.
The Indiana Economic Development Corp. has launched two free Web tools to assist Hoosier businesses.
Retired businessman John Wynne, one of the founders of Duke Realty Corp., is the latest executive to get burned after using
company stock as collateral for a multimillion-dollar loan in his investment account.
Healthy banks have adopted stronger risk prevention measures for good reasons, but it’s important to know that well-performing
banks are still writing loans for small business and servicing their needs every day.
With the economic swoon and no political ad campaigns in 2009, TV ad revenue could hit a 10-year low next year.
Banks launch campaigns to sooth jittery customers about the safety of their deposits, following an economic crisis that has brought down investment banks and sent stock values plummeting.
This week, two attempts at stage bawdiness — “Lysistrata,” and “The Wild Party,” come up short.
A new market called Indy Winter Farmers Market is scheduled to open Nov. 15 at 2442 N. Central Ave. It will be open all winter
on Saturdays from 9 a.m. to 12:30 p.m.
Sixty Indianapolis-area business and civic leaders visited Denver Oct. 19-21 as
part of the Greater Indianapolis Chamber of Commerce 2008 Leadership Exchange and paid close attention to public transportation, especially commuter trains.
Hawker Beechcraft Corp. has begun work on a $14 million expansion of its terminal and aircraft service facility at Indianapolis
International Airport.
With all the disruption in Indiana University’s athletic programs, Head football coach Bill Lynch should stay on and be given
a chance to build a strong program.
We have a long-standing policy of not endorsing political candidates, but there’s no such policy where ballot initiatives
are concerned. So we urge our readers to vote "yes" on assessor consolidation.
While many banks were getting drunk on loose lending in the last few years, most credit unions stuck to conservative lending
and other plain-vanilla banking practices.
