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Articles
ITT profit soars despite drop in new-student enrollment
ITT Educational Services Inc.’s third-quarter profit of $93.2 million handily beat the expectations of Wall Street analysts, but the company suffered its first decline in new-student enrollment since the recession began.
Farmland sales go flat in suburban Indianapolis
The real estate bust and a drought in transactions make values all but impossible to gauge.
Investors brace for ITT’s plan to survive new regulations
The Carmel-based for-profit educator stands to suffer a bigger impact than its peers from new regulations proposed by the U.S. Department of Education, which have already forced the industry behemoth to slash its forecasts.
Vera Bradley set to go public
The Fort Wayne-based company is scheduled to begin trading as a public company Wednesday morning. The estimated offering price is $14 to $16 each, although a Morningstar analyst predicts the IPO could bring as much as $18 a share.
Construction
-Kort Builders has completed a 1,300-square-foot retail space for Fuzziwig’s Candy Factory at 13971 Town Center Blvd. in Hamilton Town Center, Noblesville.
-Kort Builders has completed a 2,000-square-foot retail space for Sally Beauty at 2007 SE Greyhound Pass, Carmel.
Banks tread water as they wait for economy to improve
Banking experts say the health of Indiana institutions is taking baby steps forward along with the tepid economic recovery. But in these times, recovery looks grimmer than one might expect.
Zionsville galleries watching Carmel arts district
Zionsville gallery owners are stepping up their collective marketing efforts as Carmel’s Arts and Design District has landed a new wave of artists and gallery owners over the past five months.
MAURER: Make a statement this Halloween
What to wear? What to wear? You are probably having difficulty trying to decide on a costume for Halloween. Lady Gaga is reported to be the best-selling costume this year, but if you cannot abide her wacky style, here are some better choices.
For-profit college stocks tumble on enrollment warning
Investors fled for-profit college stocks Thursday after sector bellwether Apollo Group Inc. predicted a 40-percent drop in student enrollment next quarter and withdrew its forecast for next year. Carmel-based ITT Educational Services shares closed at $56.44 each, down almost 15 percent for the day.
ChaCha lands $20 million venture investment
The funding comes from new investors VantagePoint Venture Partners and Rho Ventures. Since its inception in December 2005, ChaCha has raised more than $50 million, including $7 million earlier this year from a venture capital fund.
Hentschel ramrodding KeyBank development in Indianapolis
Exec adds branches, deposits, after completing a stint at a human-resources firm.
Construction
-Shamrock Builders-Commercial has finished an 18,000-square-foot building for Laughlin’s Northwestern Mutual Life at 9759 Crosspoint Drive.
-Kort Builders has finished a 3,000-square-foot restaurant space for Dunkin Donuts at 5620 Michigan Road.
-Kort Builders has finished a 2,600-square-foot office space for Chyten Learning Center at 2454 E. 116th St., Carmel.
Central Indiana real estate auction activity heats up
A recent wave of foreclosure auctions suggests banks and other underwater real estate owners finally are poised to let go of a glut of properties.
Funding about to expire for IndyGo’s north-suburban routes
The luxury coach routes from downtown to Fishers and Carmel were launched three years ago and have been popular among suburban commuters.
Newsweek notes safety record of Carmel’s roundabouts
Carmel leads the nation in revamping intersections and has seen an 80-percent drop in injury accidents as a result, the magazine noted.
BMV commissioner resigns following arrest
State Bureau of Motor Vehicles Commissioner Andrew J. Miller resigned Thursday, the day after he was arrested for allegedly exposing himself in a public restroom in downtown Indianapolis.
