IBJ Staff
Articles
Indiana business owners optimistic about economy
More than one-quarter of owners of small and medium-size businesses in Indiana surveyed by PNC Financial Services Group said the Trump administration and Congress will have a positive impact on their companies. (Photo courtesy of The White House) Indiana’s small- and midsize-business owners are more optimistic about their company’s prospects—and the national and local economy—than […]
MainSource acquires Greenwood investment firm
Greensburg-based MainSource Bank has purchased Greenwood-based Capstone Investment Management LLC, which had two employees and $120 million in assets under management. With the acquisition, Capstone became part of MainSource’s wealth management division, effective May 1. Capstone will continue to operate from its existing office at 494 S. Emerson Ave., Suite G, and it will maintain […]
Credit union expands insurance agency
Financial Center First Credit Union has more than doubled the size of its insurance agency, Financial Center Services LLC, with the acquisition of two insurance companies. Financial Center has acquired both Insurance Associates and Fieber & Reilly Inc. Fieber & Reilly’s former owner, Kurt Walther of Lawrence, has joined Financial Center as an agent. He […]
EDITORIAL: Setback shouldn’t derail Anthem
we understand why Anthem’s board and management made an aggressive bid for increased scale—and we think their reasoning was well-founded. In fact, we welcome the company’s go-for-it mind-set.
Baldwin & Lyons sees lower profit despite premium growth
Carmel-based insurer Baldwin & Lyons Inc. wrote a record amount of premiums in its latest quarter, but overall profit dropped compared to the previous year.
Emmis reports quarterly loss on shrinking revenue
Radio revenue fell from $36.5 million to $34 million and publishing revenue dropped from $14.2 million to $9.2 million in the period.
Steak n Shake’s same-store sales slide again, profit falls
Sales at Steak n Shake locations open at least 18 months fell 3.3 percent in the first quarter, continuing a slide that began last year.
Kroger plans timely job fair amid Marsh’s closing spree
Kroger said it didn’t plan the event to take advantage of the Marsh closings, but it welcomes the local grocery chain’s former employees. The grocer is looking to fill more than 300 positions.
Westfield council votes against Wood Wind housing plan
Plans for the 856-home project, initially pegged at 780 acres, were introduced in August. Even after developer Pulte Homes made major revisions, the Westfield City Council on Monday scuttled the plans.
Humane Society hires Stolen as new chief executive
Steven Stolen, who has a lengthy resume in the arts, education and not-for-profit fundraising, begins the new role June 1.
Celadon in danger of delisting by NYSE because of reporting failures
The delinquency occurred when Celadon’s auditor, BKD LLP, withdrew its reports on the trucking company’s financial statements for the periods ending June 30, Sept. 30 and Dec. 31 of 2016.
Gander Mountain liquidating inventory, but not closing every store
The CEO of the retail chain’s new parent company said Sunday that he plans to keep 70 to 75 Gander Mountain stores open, including two or possibly three stores in the Indianapolis area.
PROXY CORNER: First Merchants Corp.
Muncie-based First Merchants Corp. operates 106 branches in 27 Indiana counties, two Ohio counties and two Illinois counties.
EDITORIAL: Aggressive economic development attitude pays dividends
State must continue to ‘lean in’ as it works to ensure Indiana can fill thousands of new tech-sector jobs with qualified workers.
New Jersey firm acquires Carmel-based PolicyStat
PolicyStat LLC, an 11-year-old Carmel-based software-as-a-service company, has been acquired by Bridgewater, New Jersey-based iContracts Inc.
Marsh Supermarkets closing nine more stores this month
The latest announced closings, seven of which are in the Indianapolis area, bring the total number of Marsh grocery stores that are set to shut their doors this month to 19.
BorgWarner plans to spend $28M on new Noblesville tech center
BorgWarner Inc. is set to close two technical centers in central Indiana and consolidate them into a newly constructed facility in Noblesville that will house more than 300 high-wage employees, the Hamilton County city announced Wednesday afternoon.
Celadon shares plummet after company admits to accounting woes
Shares in the Indianapolis-based trucking company dropped as much as 67 percent Tuesday morning. At least 16 law firms say they have filed lawsuits against the company or are investigating doing so.