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Calumet Specialty Products Partners LP reported yesterday that fourth-quarter profit plummeted to $7.8 million from $32.1 million a year earlier. The Indianapolis company said oil prices increased faster than it could raise prices on the lubricants, fuel and other products it refines. For the year, Calumet had profit of $82.9 million compared to $95.6 million […]
The Marion City Council has approved issuing up to $10 million in bonds to be used by Veriana Networks LLC to buy and equip headquarters it has said it wants to build in the Grant County community. In October, Veriana, a startup specializing in technology, media and risk management for the entertainment industry, announced its […]
Descendents of the founder of Indiana Beach amusement park have sold the operation to Morgan RV Resorts, a campground and RV park owner headquartered in Queensbury, N.Y., for undisclosed terms. The deal was announced yesterday, according to the Herald Journal of Monticello. Locations included in the sale are Indiana Beach amusement park, Jelleystone Park Camp-Resort […]
It’s a busy week for real estate news. Here are a few headlines:
Circuit City closes Clay Terrace store
Carmel’s high-end lifestyle center Clay Terrace has an empty big box. Virginia-based Circuit…
Organizers putting together Indianapolis’ bid for the 2012 Super Bowl have established a Web site – www.our2012sb.com – that they hope will become a breeding ground for public comments and suggestions to build their pitch. Also unveiled in a formal announcement of the bid this afternoon is a community advisory council that will gather ideas […]
Indianapolis is now the most affordable large market in which to buy a house 10 quarters running.
Thatâ??s according to an index the National Association of Home Builders and Wells Fargo put out this afternoon.
In the past quarter, 46.6 percent…
Mutual First Financial Inc. in Muncie said yesterday it would restate its cash flow for 2006 because officials misunderstood where to allocate loan sale activities. The sales were allocated to operating activities rather than the proper category of investing activities, the bank said in a Securities and Exchange Commission filing today. In an interview, Assistant […]
“It’s everybody’s Super Bowl” will be the theme for Indianapolis’ Super Bowl 2012 bid, which will be officially kicked off at a press conference this afternoon. Bid leader Mark Miles, president of Central Indiana Corporate Partnership, said the bid committee will fight a natural tendency to become insulated when strategizing to win the big event. […]
Champ Car teams this week began hustling to prepare for Indy Racing League’s first open test in Homestead, Fla., on Feb 27 and 28, three sources close to both series told IBJ. That can only mean one thing, they said: Unification of the two open-wheel series is at hand. Champ Car and IRL lawyers are […]
Wheeler Mission Ministries has no plans to sell its prime downtown real estate, despite financial troubles that have led the not-for-profit to close its eastside operation. Wheeler said it plans…
The Indy Racing League series will hold a press conference tomorrow to announce its unification with Champ Car, sources close to the series said. John Griffin, Indy Racing League vice president of public relations, said though the exact timing of…
“It is important for those in the industry to show some thought about who they are marketing some of these programs to…. I’m concerned about sex, but I’m also concerned [about] some of the violent slasher-horror films that come out…….
While Mayor Greg Ballard and his team plan to announce today their intent to bid for the 2012 Super Bowl, sources within the league said Indianapolis Colts’ owner Jim Irsay will be the determining factor.
“They could be the Emerald City,…
The board of directors of Eli Lilly and Co. has elected Michael L. Eskew, former chairman and chief executive officer of United Parcel Service Inc., as a new member. Eskew will stand for election by the shareholders at the 2008 annual meeting in April. Eskew, who served as chairman and chief executive officer of UPS […]
A new president and CEO has been appointed at American Commercial Lines, the big barge builder headquartered in the southern Indiana city of Jeffersonville, after the company reported a plunge in profit. Michael Ryan, the company’s senior vice president of sales and marketing, will replace Mark Holden on March 1, the parent of Jeffboat said […]
Wheeler Mission Ministries broke the unsettling news yesterday that it is laying off 13 staff and shifting
its ministries for youth and families to another charity in order to minimize an anticipated operating deficit.
Why? Donors are worried about…
Last year, Bloomington’s downtown netted 18 new businesses, with 25 businesses opening and seven closing, according to The Herald Times, citing a report issued by Bloomington Downtown Inc. The report also said eight companies expanded and 12 buildings were renovated. Downtown commercial space is 95-percent occupied, the report said. The positive numbers from 2007 continue […]
A plant in Greenwood operated by Mitsubishi Heavy Industries Climate Control Inc. will close in September because the company lost a key contract with an undisclosed customer, according to the Daily Journal of Franklin. Some of the 60 workers might be transferred to a plant operated by the company at its headquarters in nearby Franklin. […]
We’re getting closer to the point where Indianapolis-area theater companies and presenters announce their 2008-2009 seasons.
Already, Footlite Musicals has staked out territory that includes “Crazy for You,” “Miss Saigon” and—the one I’m most looking forward to—the local community theater premiere…
A venerable downtown homeless shelter plans to shed programs and lay off staff to minimize a rising tide of red ink. Wheeler Mission Ministries announced today that it will transfer a youth program and a separate family-service program to Shepherd Community Center at the end of the month. Shepherd, also a Christian ministry, focuses on […]
