Disasters sink Baldwin & Lyons quarterly results
Earthquakes and flooding took a toll on Baldwin & Lyons Inc.’s first quarter results, the Indianapolis-based insurer announced Thursday morning.
IBJ Staff
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East-side apartment complex facing foreclosure
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East 38th Street and North Franklin Road.
Medical device manufacturer seeks abatement
Indianapolis-based Medivative Technologies plans to build a 9,000-square-foot addition to its east-side facility and spend $2.5 million to equip it. The expansion should create 15 jobs.
Kitchen incubator celebrates graduation of first user
Avec Moi, a company that prepares meals to go, is moving to a permanent home at 701 E. 62nd St. In recognition of the event, the city of Indianapolis awarded Indy’s Kitchen a $17,000 grant.
Calumet turns profit on higher product demand
The Indianapolis-based company reported first-quarter profit of $4.2 million after posting a loss in the year-ago period.
Greenwood mayor rare incumbent to lose in area primaries
Four-term incumbent Charles Henderson was defeated, in part because of his plan to revitalize the city’s downtown by destroying several historic buildings. Most other incumbent mayors in the Indianapolis metropolitan area were winners.
Auction services firm improves revenue, profit
The parent company of the Adesa auto auction firm more than quadrupled its first-quarter profit on revenue that increased 5 percent.
Perry Township referendums pass, others fail
Voters in the Metropolitan School District of Perry Township passed two referendums for increased school funding Tuesday night, but similar votes in Franklin Township and Avon failed.
Verizon retirees coming to city to protest executive pay
The Association of BellTel Retirees Inc. will press the board of Verizon Communications Inc. to tighten standards for executive pay when the New York company holds its annual meeting in Indianapolis this week.
St. Vincent settles class-action debt-collection case
The hospital paid $31,500 to settle a class-action lawsuit brought by a patient who claimed St. Vincent used a debt collector that was not licensed in Indiana.
Two area landmarks make ‘Most Endangered’ list
This year’s list compiled by Indiana Landmarks includes the Taggart Memorial at Riverside Park in Indianapolis and a portion of historic downtown Greenwood.
Marsh hires Price Chopper executive as chairman, CEO
As expected, grocery industry veteran Joseph M. Kelley has been named chairman, president and CEO of Marsh Supermarkets Inc., the Indianapolis-based company said early Monday.
Chamber names former utility leader as interim president
Past board chairman David N. Griffiths will fill in for Roland Dorson, who resigned as president of the Greater Indianapolis Chamber of Commerce last week in the wake of a dispute with board leaders.
Industrial support for utility sale to cost $1.5 million
The price to get big industrial firms like Eli Lilly and Co., National Starch and Rolls-Royce Corp. to support the sale of the city’s water and sewer utilities to Citizens Energy Group is at least $1.5 million.
Citizens Energy Group pipelines pass internal review mandated by feds
Citizens has more than 120 miles of transmission pipe and hundreds of miles of gas service lines.
Restaurants plan Indianapolis-area expansions
New locations of various eateries are planned in Carmel, downtown, and on the north and south sides.
Who’s Who in Commercial Real Estate – 2011
Every business sector has influential players, whether they are in the public eye or wield their influence behind the scenes. IBJ is identifying those people in eight different industry categories. Up this month: commercial real estate.
Indiana University Center on Philanthropy adding endowed faculty chairs
Forecasts of big growth in executive employment at not-for-profits drives plan to create between seven and 10 endowed faculty chairs.
Kirr Marbach & Co. mutual fund picks up national recognition
Financial newsletter Emerging Manager Monthly honored the fund as manager of the year in its category.