Update: City OK with abatement
The city has decided to support a request by Buckingham Cos. to abate part of the additional tax liability stemming from its $2.5-million renovation of…
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Bandwagon Colts fans sell tickets
That thud you just heard was the sound of thousands of people falling off the Indianapolis Colts bandwagon. Yes, the argument of how soft—or hard core–this converted football town is, has begun anew….
Donovan accounting firm moves, changes name
The Danville accounting firm of Donovan & Thomas PC has changed its name to Donovan PC and consolidated its Danville and Plainfield offices in Avon. Bob Donovan, who founded Donovan & Thomas in 1972, continues as president. Donovan’s long-time partner Paul Thomas, is no longer a partner but remains an employee. Donovan’s son, Jeff – […]
Questions arise about tennis event
It’s unclear how the resignation of U.S. Tennis Association chief exectuive Arlen Kantarian will affect the Indianapolis Tennis Championships. Kantarian, 55, announced his resignation from the USTA this afternoon after eight…
UPDATE: Marion lands 340 plastics jobs
TriEnda LLC plans to fill part of the former Thomson Consumer Electronics plant in Marion with 340 workers within four years, the Indiana Economic Development Corp. announced yesterday. The Portage, Wis., company, which makes plastic packaging, intends to invest $20 million in the former television picture tube plant, which was closed in 2004. It will […]
Indianapolis ad agency signs Hillbillies deal
Baton Rouge, La.-based Beverly Hillbillies Brands has hired MZD Advertising as its advertising and promotional agency of record. In addition to public relations, the Indianapolis agency will be responsible for marketing the Beverly Hillbillies brand in a number of ventures. “The great thing about the Beverly Hillbillies brand is that it’s recognizable around the world,” […]
More than 200 jobs slated for old Thomson plant
A manufacturer headquartered outside Indiana but in the northern Midwest plans to announce today that it will bring more than 200 jobs to the former Thomson Consumer Electronics television picture tube plant in Marion. The project will take up 200,000 square feet of the 1 million-square-foot facility, according to a person familiar with the announcement. […]
UPDATE: Republic Airways shares soar
Shares in Republic Airways Holdings Inc. shot up nearly 9 percent this morning, to $14.54 each, after the Indianapolis-based regional carrier reported profit that beat analysts’ expectations. Republic said late yesterday that it earned $17 million in the third quarter, down 16 percent from a year earlier on higher expenses. Still, the 50-cents-per-share rise outpaced […]
Oesterle plans east-side revitalization
A company closely tied to Angie’s List anticipates doubling its property holdings just east of downtown in the next five years, according to Bill Oesterle, CEO of the growing service that rates plumbers and other services. By then, Henry Amalgamated LLC will have succeeded in revitalizing the once-blighted Whiskey Hill neighborhood into a mix of […]
Colts kill rowdiness via text system
If you’re feeling threatened at this Sunday’s Indianapolis Colts game at Lucas Oil Stadium, or if some obnoxious fan near you is dropping the F-bomb left and right for all your kids to…
Higher expenses hurt Republic Airways profit
Republic Airways Holdings Inc. earned $17 million in the third quarter, down 16 percent from a year earlier on higher expenses, the Indianapolis-based regional carrier reported late yesterday. The 50 cents per share beat the 47 cents expected by analysts surveyed by Thomson Financial. Republic had $7.4 million in additional expenses related to the return […]
Bringing on the generic drugs
Times are tough enough that more people are beginning to switch to generic drugs to save money. Insurers
like Indianapolis-based WellPoint are playing a role, too, by pushing policy holders toward generics.
People also are splitting pills…
Bookstore booze to be tested
According to the Western Michigan Business Review, Schuler Books and Music in Grand Rapids (an outstanding locally owned chain) is looking to go beyond the cafe-and-sweet-treats ammenities that have become stapes in bookshops.
The downtown store has applied for a…
Berry offers $1 for ball field valued at $237,750
Evansville’s redevelopment commission has rebuffed an offer from Berry Plastics Group Inc. that valued a Boys & Girls Club baseball field at less than a penny on the dollar of its appraised value. Evansville-based Berry offered $1 for the field, which is appraised at $237,750, according to the Evansville Courier & Press. The company wants […]
Rising costs swing Wabash National to loss
Lafayette-based truck trailer maker Wabash National Corp. reported a third-quarter loss of $4.3 million late yesterday after having turned a $3.8 million profit a year earlier. The 14 cents per share in red ink matched expectations of analysts surveyed by Thomson Financial. President Dick Giromini said material costs outpaced progress made in cutting other costs […]
Duke sustains profits, stops new development
Duke Realty Corp. generated 66 cents per share in funds from operations in the third quarter, a decline of two pennies from the same period last year, the Indianapolis real estate company reported late yesterday. Funds from operations are a common measure of financial performance for real estate investment trusts like Duke. Analysts surveyed by […]
TriMedx spins off ultrasound unit as new firm
Indianapolis health care equipment manager TriMedx LLC has separated its ultrasound business unit into a new company called Axess Ultrasound LLC. Axess, wholly owned by TriMedx, repairs ultrasound transducers and circuit boards in 37 states and 11 countries, and generates $10 million in annual revenue, TriMedx President Greg Ranger said yesterday. Axess is launching with […]
Hammond Kennedy sells medical company
The Indianapolis private-equity firm of Hammond Kennedy Whitney & Co. Inc. has sold a medical products company in Lebanon, Tenn., to The Riverside Co., a private-equity firm headquartered in New York. Financial terms were not disclosed. Coeur Inc. makes syringes, tubing and other single-use products for the imaging market. Hammond Kennedy had owned Coeur since […]
Vista Graphic buys Centennial Press
An Indianapolis company that specializes in printing, packaging and dimensional mail has bought a cross-town direct-mail firm to broaden its services. The printer, Vista Graphic Communications LLC, announced yesterday that it has acquired Centennial Press-Printing and Mail for an undisclosed price. The deal becomes effective Oct. 31. Vista founder and President Tim Rolfsen said Centennial’s […]
Siemens signs big warehouse lease in Plainfield
Siemens Healthcare USA has leased 320,070 square feet in the Building 100 warehouse in Plainfield Distribution Center. The announcement was made by NAI Olympia Partners, which brokered the deal on behalf of Republic Property Co. Headquartered in Cary, N.C., Siemens Healthcare supplies diagnostic and therapeutic equipment. Olympia brokers Chip Barnes and Matt Dickerson represented Republic. […]