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Articles
New ads reflect IMS’ more-aggressive sponsorship mindset
The Indianapolis Motor Speedway is selling advertising along the world-famous, 103-year-old race course for the first time ever, a break with tradition that promises to boost its financial firepower as racetracks nationwide are struggling.
BASI promises ‘never again’ after big losses
Bioanalytical Systems Inc.’s new CFO won praise this month for laying out an aggressive cost-cutting plan—but not before the rest of the company’s leaders got a tongue lashing for their past performance.
Orthopedic startups attracting big money
The Warsaw area is well-known as the home of gigantic orthopedic implant companies and their suppliers. But now a handful of startups have been able to raise nearly $25 million in equity investments despite the recession—putting a bit more fuel into a fairly stagnant entrepreneurial sector.
Fair Finance CFO staying out of prosecutors’ crosshairs
Rick Snow, Fair Finance Co.'s former chief financial officer, isn't accused of collecting insider loans like co-defendants Tim Durham and Jim Cochran. But he's facing the same felony charges.
Durham trial closing arguments provide clashing accounts
The prosecution described Tim Durham as "the mastermind" of a Ponzi scheme, while partner Jim Cochran acted as the front man who lied "to people's faces," and Chief Financial Officer Rick Snow served as the "backroom numbers guy."
Lawrence Township finds buyers for surplus buildings
The northeast-side school district has sold one building, has three offers for another and is seeking tenants for 100,000 square feet in a third building.
Fairbanks leader Cross stepping down after impressive run
When Helene Cross arrived to lead Fairbanks Addiction Treatment Center in 2001, the alcohol and drug rehabilitation hospital was as sick financially as its patients were physically.
Bioanalytical taps accountant for turnaround
With spending running well ahead of revenue, West Lafayette-based Bioanalytical Systems Inc. ousts its CEO in favor of its CFO.
Temple University names IU’s CFO as president
Neil Theobald, chief financial officer at Indiana University, will officially take the helm of the Philadelphia institution Jan. 1.
Latest CIB budget contains no new payments to Pacers
Payments on a three-year, $30 million subsidy ended this year, but discussions continue between CIB officials and Pacers officials on future leases involving Bankers Life Fieldhouse.
Six BrightPoint execs to share $31M golden parachute
Brightpoint Inc. CEO Robert Laikin stands to receive $14.1 million after his company is acquired by Santa Ana, Calif.-based Ingram Micro Inc., say SEC documents released this week.
IU may hit jackpot by leasing parking in Bloomington, Indy
Indiana University is about two weeks away from issuing a request for proposals on a lease that would last 30 to 50 years, Chief Financial Officer Neil Theobald said. A similar deal at The Ohio State University generated $483 million.
2012 WOMAN OF INFLUENCE: Christie Kelly
After a long career at GE, Kelly is the executive responsible for the financial performance of one of the city’s biggest commercial real estate firms.
Duke Energy earnings hurt by mild weather
Duke Energy Corp., the nation's largest electric utility by market value, reported stronger-than-expected earnings for the third quarter, but company executives said the outlook for strong economic growth in the U.S. is dim.
Green BEAN sows seeds of growth
Green BEAN Delivery’s roots may be in central Indiana, but the homegrown firm also is planting itself in Cincinnati—literally.
2012 CFO OF THE YEAR: Jay A. Wiegand
Jay Wiegand, CFO at American Fibertech Corp., is the top honoree in the private companies (revenue $100 million or less) category.
2012 CFO OF THE YEAR: William Anthony Buckles
William Anthony Buckles, chief financial officer of Indiana Hand to Shoulder Center Inc., is a finalist in the private companies (revenue $100 million or less) category.
2012 CFO OF THE YEAR: Stephen D. Fugate
Stephen D. Fugate, chief financial officer and co-owner of Cargo Services Inc., is a finalist in the private companies (revenue $100 million or less) category.
2012 CFO OF THE YEAR: Bill Brunner
Bill Brunner, CFO at J.D. Byrider, is the top honoree in the private companies (revenue over $100 million) category.