State unemployment rate inches up to 9 percent
Indiana’s jobless rate rose to 9 percent in October, up from 8.9 percent the previous month, marking the fifth straight month the state’s unemployment rate has risen.
IBJ Staff
Articles
L.A. Fitness buying Bally clubs, including Indy location
The deal is the latest sign of turmoil in the health club industry, which is consolidating after a spurt of overbuilding.
Emmis sues ex-director, alleges he leaked information
Indianapolis-based Emmis Communications Corp. sued a former board member Friday, claiming he leaked information that caused a major holder of preferred stock to drop plans to resell those shares back to the company.
Charities, what do you need most?
Indianapolis Business Journal’s annual Holiday Wish List will debut in the Nov. 28 issue and appear weekly through Dec. 19.
Local business bank parent reports third-quarter profit
Indiana Business Bancorp attributed its profit of 9 cents per share to higher non-interest income a lower loan-loss provision expense.
Packaging company plans to add 63 jobs in Lawrenceburg
Toronto-based IntraPac said it will move operations from New Jersey to the southeastern Indiana town and build an 80,000-square-foot plant that should open in February.
NFP of NOTE: Habitat for Humanity of Hamilton County
Habitat for Humanity of Hamilton County is dedicated to working in partnership with low-income families in Hamilton County under the conviction that every person should have a simple, decent, affordable place to live in safety and dignity.
Advice to techies: Focus like a laser
Focus on what you do best and get to know your partners’ strengths and weaknesses, Kevin Bailey, a co-founder of Slingshot SEO, told attendees of the TechPoint summit this month.
Lifestyle Family Fitness closes 2 locations, sells 2 others
Minnesota-based Life Time Fitness is buying the two sites that will remain open. One is in Fishers and the other is near 96th and Meridian streets in Indianapolis.
EDITORIAL: Gregg, Pence should think big
So far, the efforts of government haven’t been enough to reverse the relative slide in wages and incomes. Too few firms are using the playground Indiana has created.
Blueprint: Churches, charities shouldn’t feed the homeless
“Blueprint 2” calls on well-meaning church and charity groups to stop delivering food directly to homeless camps. Professional outreach teams report that this enables people who may have addictions or mental health problems to continue living outside.
Not-for-profit manufacturer partners with disabled Marine
Crossroads Industrial Services will team up with a service-disabled veteran to win new business from defense contractors.
Stonegate Mortgage plans to add 45 workers in ’11
The Indianapolis-based firm has pledged to add a total of 300 workers by 2015.
Citizens to convert downtown steam plant from coal to gas
Citizens Energy Group plans to switch the primary power source for its Perry K Steam Plant in downtown Indianapolis from coal to natural gas, the utility announced Wednesday. The conversion will cost about $9 million.
City-County Council Republican to propose tougher smoking ban
The Republican president of the City-County Council in Indianapolis says his party plans to introduce an expanded smoking ban that would take effect before the Super Bowl.
U.S. high court takes Indianapolis sewer case
The Supreme Court of the United States agreed Monday to review a case that questions whether the city of Indianapolis violated the U.S. Constitution in how it handled refunds for residents who paid assessments on local sewer projects.
ISO reports smaller deficit, bigger endowment
The parent organization of the Indianapolis Symphony Orchestra said its expenses exceeded revenue by $1.7 million on a budget of $25.6 million for the 2010-2011 fiscal year. The deficit was $1 million less than a year ago, while the ISO endowment grew by $5.5 million.
Logistics company plans 315 jobs in North Vernon
Exegistics, a Wheeling, Ill.-based logistics service provider, said Monday it plans to spend about $9 million to build a rail-sided distribution facility in North Vernon, creating up to 315 jobs by the end of 2014.