Quarterly profit, revenue slides at Emmis
The Indianapolis-based media company reported a larger loss on falling revenue in its fiscal first quarter, mostly due to the sale of a group of radio stations and cheaper advertising rates.
IBJ Staff
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Capitol City Ford owner acquires assets of Burd Ford
Bob Thomas Dealerships said it plans to operate multiple auto-related businesses at the Burd facility at 10320 Pendleton Pike, including a used-car dealership called Sharp Cars.
PROXY CORNER: BrightPoint Inc.
Indianapolis-based BrightPoint Inc.provides worldwide distribution and integrated logistics services to the wireless communications industry. The company announced July 2 that it had agreed to be acquired by California-based Ingram Micro for $650 million in cash and the assumption of $190 million in debt.
Tensions rise between pilots, management at Republic Airways
The two sides are trying to replace a labor contract that became amendable in 2007.
EDITORIAL: BrightPoint sale opens new chapter for Laikin
It remains to be seen what will happen to BrightPoint’s 1,300 employees in the Indianapolis area.
Heartland Bancshares approves acquisition by Horizon
The deal, effective July 17, will give the Michigan City bank its first presence in Central Indiana.
Local attorney facing fraud charges resigns from bar
High-profile Indianapolis attorney William F. Conour, 65, who is accused of misappropriating $2.5 million in client funds, has relinquished his law license to the Indiana bar.
Irving Materials acquires northern Indiana competitor
Greenfield-based Irving Materials Inc.’s purchase of Rock Industries in Peru brings its total number of mining operations in Indiana to 18. Rock Industries operates quarries in Peru and Plymouth.
South Street to close near downtown CityWay project
A portion of the busy downtown street will close through the summer beginning July 9, and lane restrictions will be in effect on Delaware Street as part of a road-improvement project near the CityWay mixed-use development.
J.C. Penney closing distribution center, laying off 230
The distribution center, which opened in 2002 near the Indianapolis International Airport, will close by the end of September, company officials said.
UPDATE: Brightpoint’s planned sale spawns uncertainty
The $840M deal, which would eliminate one of Indiana’s six Fortune 500 companies, is casting uncertainty over Hendricks County, where the company is one of the largest employers.
BrightPoint to be acquired for $840M by California firm
Indianapolis-based BrightPoint Inc. has agreed to be acquired by California-based Ingram Micro Inc. for about $840 million, the two companies said early Monday morning.
NFP of NOTE: HVAF of Indiana Inc.
HVAF of Indiana is dedicated to eliminating homelessness for veterans and their families through prevention, education, supportive services and advocacy.
EDITORIAL: Bird’s leadership provides lessons
For a guy with a legendary competitive streak, Bird was remarkably willing to suffer losses in the short term as part of his larger strategy of rebuilding the franchise.
Land trust buys 55 acres in Morgan County
The Central Indiana Land Trust announced Thursday that it has purchased 55 acres of land south of Mooresville to ensure that it remains protected from future development.
Covance plans $150M expansion, 465 jobs in Greenfield
The New Jersey-based pharmaceutical research company is seeking state and local incentives as part of the expansion, which would include a new laboratory, set to be finished in 2016. Covance already employs 565 workers at the site.