Commuting shifts $87 billion in Indiana
Fully 40 of Indiana’s 92 counties derived more than half of their earnings from commuters bringing back their compensation from somewhere else.
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Power plant problems lead AES to seek more cash from customers
AES Indiana’s Eagle Valley natural gas power plant, located near Martinsville and capable of powering about a half-million houses, conked out in April, due to problems with breakers and relays. Six months later, it is still offline while technicians try to repair a wide range of damage to critical parts.
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Articles
Name change, consolidation streamlines company mission
The corporate name change to ‘That’s Good HR’ strengthens the identity of staffing firm.
Automotive Finance Corp. writes off $162 million, reflecting slow auto sales
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles
at auction, to take a big write-off on the declining value of its loan portfolio.
Little Rox revisits ’70s Pet Rocks fad
Little Rox offers 20 varieties of rocks, each tied to a character trait such as humility, honesty and tolerance, and sell
online for $15 each.
Self-serve chili could help Charlie & Barney’s grow nationally
Charlie & Barney’s is quietly expanding into unorthodox niches, placing its product in unusual places — like convenience
stores.
HHGregg looks to grow as other consumer electronic businesses falter
HH Gregg has grown from a local to a national consumer electronic store chain and has its eye on expanding further, given
Circuit City’s bankruptcy filing.
Despite recession, small businesses support charity
In the Indianapolis area, small-business owners told IBJ that they give in whatever
way they can, and would like to continue as long as their finances allow. But a Chronicle
of Philanthropy survey indicates that giving is already on the decline.
Siegel’s NASCAR future in doubt after merger
Chip Ganassi’s NASCAR team is teaming with Dale Earnhardt Inc. where Max Siegel has served as president of global operations
since early 2007, and the former Baker & Daniels attorney may be among many laid off in the merger.
New president is a sign of hope
The election for me was like looking up for a change instead of having a spiral-down feeling, which was good.
Fishers tables $100M development
An Ohio developer and the town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million
mixed-use project featuring 250,000 square feet of retail space and 150,000 square feet of office.
Indiana’s new superintendent of public instruction ready to tackle challenges
Tony Bennett, Indiana’s new superintendent of public instruction, says his priorities include restoring discipline to the
classroom, recruiting topnotch teachers and adequately compensating
them, increasing the percentage of education dollars spent directly on instruction, and reducing regulations so schools can
focus more on student instruction.
WellPoint could grow during tough time for health insurers
The health insurance industry — hurt by falling profits and threatened by Democratic reform bills — could see
another wave of
consolidation, and that may well involve Indianapolis-based WellPoint Inc.