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BEHIND THE NEWS: Locally based oil refiner sees boom times vanish

May 5, 2008

Calumet Specialty Products Partners LP, the low-profile Indianapolis-based oil refiner, has been confronting challenges lately that would fray the nerves of even the most seasoned executive. First, the business is grappling with a huge spike in crude oil prices-the main input for its three Louisiana refineries, which churn out vehicle and jet fuel, along with solvents, waxes and other specialty petroleum products. Then there’s the delay-plagued expansion of its Shreveport refinery, which began in late 2006. The project was supposed…

BOONE COUNTY: Distribution/warehousing still rule

May 19, 2008

BOONE COUNTY Distribution/warehousing still rule Duke looking to rail potential in Lebanon while Whitestown heats up LEBANON-The economy might be slowing like a down-shifting Mack truck, but Boone County’s economic development engine of warehousing and distribution keeps accelerating. The sector now accounts for more than 25 percent of the tax revenue in the county seat […]

MORGAN COUNTY

May 19, 2008

MORGAN COUNTY Church construction booms There’s no building trades recession in Martinsville or Mooresville where the Lord is concerned. Three churches and a Christian camp all are planning big projects. Church at Mount Gilead plans to build a worship center, vestibule and administrative offices at 6019 E. State Road 144 near Kitchen Road in Mooresville. […]

Siteplan sleuthing in Las Vegas

May 20, 2008

Hundreds of developers are circulating thousands of siteplans from more than 2 million square feet of exhibition space at the International Council of Shopping Centers convention in Las Vegas. The pitches include dozens…

UPDATE: Hurco stock dives after earnings report

May 23, 2008

Shares of Hurco Cos. Inc. plunged 17.2 percent this morning after the Indianapolis-based machine tool maker reported profit that missed analysts’ expectations. Hurco said it earned 85 cents per share in net profit, 3 cents less than analysts surveyed by Thomson Financial. The shares, which have traded near historic highs for the company, slumped to […]

Castalia planning green neighborhood: Carmel-based custom homebuilder lining up financing for Mooresville community with 144 eco-friendly homes

May 26, 2008

In terms of eco-friendliness, few homes in central Indiana boast much more than a high-efficiency furnace or low-flush toilet. But a Carmel-based custom-home builder is so certain the region is ready to embrace the green movement that he is willing to risk investing in a residential community designed to achieve national environmental recognition. Frank Redavide, president of Castalia Homes LLC, is finalizing financing for the project and plans to start construction within 60 days. The 144-lot development, called Villages of…

Central Canal might get floating stage

May 26, 2008

A floating stage for concerts and a submarine memorial are in the works for Indianapolis’ Central Canal, adding to the downtown
waterway’s growing base of attractions. Efforts to develop a one-acre site at the heart of the canal, meanwhile, remain stalled.

Business leaders battle over real estate left behind by Payton Wells

June 9, 2008

The Malibus and Impalas disappeared from Payton Wells Chevrolet more than 18 months ago, but the controversy over the defunct
dealership at 1510 N. Meridian St. is far from being in the rearview mirror for some of the city’s top businesspeople and
developers. A court battle over the dealership’s properties could determine when and how the roughly six acres of prime land
are redeveloped.

MONROE COUNTY

June 16, 2008

MONROE COUNTY Self-publisher eyes new offices Expansion plans for Bloomington’s Author Solutions Inc. likely will eventually include a new building near the firm’s offices at State Road 37 and Second Street. Author Solutions CEO Kevin Weiss tells IBJ he has been looking around at sites to accommodate an influx of 130 new employees in the […]

Three failed businesses sink former Carson foe Dickerson

June 16, 2008

Former car dealer and congressional candidate Eric Dickerson has filed for personal bankruptcy after three failed businesses
left him saddled with more than $1 million in debt. Dickerson says he is virtually broke save for a $101,000 inheritance he
is set to receive from the estate of his late mother.

Allegiant finding treasure in clients’ trash: Local firm helps manufacturers set up cost-saving recycling plans

June 16, 2008

In 2000, gasoline cost 99 cents a gallon, you could barely give recyclable plastic away and the idea of manufacturers “going green” was a pioneering thought. Allegiant Global started that same year as Heritage Interactive Services, with one client and little market awareness of what industrial recycling and reuse initiatives meant. Heritage Interactive was started by principals of locally based Heritage Environmental Services, which was-and still is-involved in more traditional waste-disposal services. When one of Heritage Environmental’s clients, Michigan-based Lear…

Reorganization points Arcadia in better direction

June 16, 2008

Arcadia Resources Inc. narrowed its losses in its fiscal fourth quarter, the Indianapolis-based home health care company reported today. Arcadia also grew its net revenue by nearly 8 percent to more than $37 million. The company recorded a net loss of $3.1 million in the quarter ended March 31. In the same period a year […]

Bloomington Hospital OKs Clarian merger

June 17, 2008

A planned merger of Bloomington Hospital into Indianapolis-based Clarian Health was approved 403-149 last night by the Bloomington facility’s governing body, the Local Council of Women. The Local Council, which founded the hospital more than 100 years ago, had to revise hospital bylaws to clear the way for the merger. Clarian will receive 51 percent […]

Hendricks hospital launching $60M expansion

June 19, 2008

Hendricks Regional Health will spend $60 million to add 205,000 square feet to its Danville hospital, the system announced today. The expansion will begin right away with a scheduled completion in January 2010. At that time, Hendricks Regional will boast 789,000 square feet at its Danville facility. The new three-story wing will house six operating […]

BREAKING: Steak n Shake dissident named chairman

June 19, 2008

A dissident investor who promised to overhaul the struggling Steak n Shake Co. now will get his chance as the company’s chairman. Steak n Shake said today that Sardar Biglari has been appointed chairman, replacing Interim Chairman Wayne L. Kelley. Biglari and his San Antonio-based Lion Fund have been agitating for tighter cost controls, improved […]

Director pay rising with demands on corporate boards: Some members manage to serve multiple Indiana public companies; median compensation exceeds $59,000

June 23, 2008

Joe Ruffolo learned a great deal over 35 years as an executive at PepsiCo., Squibb Corp., Reynolds Aluminum and North American Van Lines. Now running his own investment banking company, Fort Wayne-based Ruffolo Benson LLC, Ruffolo also holds seats on a halfdozen company boards. Executive compensation experts say that’s too much on one plate. Ruffolo is one of a handful of Hoosiers who serve as independent board directors of more than one Indiana-based public company. Experts say it’s an increasingly…

At most Indiana public firms, CEO pay hasn’t fallen with stock

June 23, 2008

Most public companies say they tie executive compensation to performance, but an IBJ review of pay data from 65 Indiana-based
firms shows otherwise. Last year, more than two-thirds of Indiana-based public companies saw their share prices decline, yet
many continued to award eye-popping compensation to their executives.

Indianapolis tech sector shows modest growth

June 24, 2008

It’s still no Silicon Valley, but Indianapolis’ high-tech economy enjoyed a modest expansion last year, according to the latest annual Cybercities report issued by the American Electronics Association. The good news is that high tech employment grew in Indianapolis and surrounding counties last year, albeit by only 2 percent. The growth gave the region a […]

ATA assets headed toward auction

June 24, 2008

Bankrupt ATA Airlines aims to land court approval Friday to conduct a massive auction of assets next month in Indianapolis and Chicago. “This will be one of the biggest auction events in Indy this year,” states the Web site of Key Auctioneers. ATA wants the Avon firm to conduct the auction July 22 at ATA’s […]

Commentary: Two worlds, one language

July 7, 2008

Do you speak Chinese? I don’t, but I had a great conversation with two non-English-speaking Chinese artists and educators last week. I was moderating a roundtable discussion at the governor’s residence for Joyce Sommers and the Indianapolis Arts Center. The roundtable kicked off a two-month summer exhibit at the center called “Two Worlds, One Language through Art.” (You can read more about the exhibit on page 37.) It was my first time as a moderator in a situation requiring the…

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7,272 results for 'state 37'

Articles

BEHIND THE NEWS: Locally based oil refiner sees boom times vanish

BOONE COUNTY: Distribution/warehousing still rule

MORGAN COUNTY

Siteplan sleuthing in Las Vegas

UPDATE: Hurco stock dives after earnings report

Castalia planning green neighborhood: Carmel-based custom homebuilder lining up financing for Mooresville community with 144 eco-friendly homes

Central Canal might get floating stage

Business leaders battle over real estate left behind by Payton Wells

MONROE COUNTY

Three failed businesses sink former Carson foe Dickerson

Allegiant finding treasure in clients’ trash: Local firm helps manufacturers set up cost-saving recycling plans

Reorganization points Arcadia in better direction

Bloomington Hospital OKs Clarian merger

Hendricks hospital launching $60M expansion

BREAKING: Steak n Shake dissident named chairman

Director pay rising with demands on corporate boards: Some members manage to serve multiple Indiana public companies; median compensation exceeds $59,000

Indianapolis tech sector shows modest growth

ATA assets headed toward auction

Commentary: Two worlds, one language