Center on Philanthropy’s ‘Giving USA’ report comes under fire
The Chronicle of Philanthropy says the center underestimated drops in charitable giving during the recession.
IBJ Staff
Articles
PROXY CORNER: Endocyte Inc.
West Lafayette-based Endocyte Inc. is a biopharmaceutical company developing therapies for the treatment of cancer and inflammatory diseases.
Dow AgroSciences reports record revenue
Indianapolis-based Dow AgroSciences on Thursday reported sales of $1.6 billion in its first quarter, up 17 percent from the same period last year due to higher volume and increased prices.
Bell Industries turns annual profit
The holding company for Bell Techlogix and the Recreational Products Group earned a profit of $300,000 in 2010 after losing $1.9 million the previous year.
Developer plans $13M senior-living center in Westfield
Cicero-based developer Mainstreet Property Group LLC plans to build a $13.3 million senior health care center in Westfield. The 65,000-square assisted living facility will employ about 150 people when it opens in 2012.
Distributor closing Plainfield facility, 76 jobs affected
Toronto-based Ditan Distribution LLC said it will close the distribution center in three phases beginning June 18 and lasting until Aug. 5.
Celadon boosts financial performance
Celadon Group Inc. improved revenue and profit in its third fiscal quarter despite lower volumes attributed to bad weather, the Indianapolis-based trucking company said Tuesday.
Life sciences firm Hycor moving HQ, jobs to central Indiana
California-based Hycor Biomedical Inc. plans to move its headquarters to central Indiana, creating as many as 20 jobs in the next two years, state economic development officials announced Wednesday morning.
Cummins’ profit more than doubles in first quarter
The Columbus, Ind.-based engine maker reported first-quarter profit of $343 million amid continued strength in key international markets and a recovery in the North American truck market.
Profit, revenue up at Interactive Intelligence
The Indianapolis business-communications software firm on Monday reported revenue of $47.7 million in the quarter ended March 31, up 36 percent from the same period last year. Profit was $3.1 million.
ExactTarget attracts another $30M in venture capital
The Indianapolis tech company said it will use the funding to make key acquisitions, expand in new and existing markets, and accelerate development of its interactive marketing technology.
Fishers money manager granted continuance
A Hamilton County judge agreed to delay a court hearing scheduled for Monday morning involving money manager Keenan Hauke, who is being investigated for financial irregularities involving a hedge fund he operates.
Dorson resigns from chamber post
Roland Dorson, president of the Greater Indianapolis Chamber of Commerce since 1996, resigned Friday. He had taken a leave of absence earlier in the month.
Indy Chamber will award cash prizes to businesses that tell of challenges overcome
A panel of judges, including Hoosier native, former NBA player and entrepreneur Jon McGlockin, will select three winning entries.
Work begins on new U.S. 31 interchange
The project is part of a larger effort to upgrade the road to interstate standards.
Ten sponsors are signed for IndyCar’s Baltimore race
The inaugural race in Maryland is Sept. 4.
Long-vacant downtown restaurant space getting a new tenant
Naked Tchopstix plans to open a location in the former home of Nicky Blaine’s in the basement of the King Cole Building.
Blogware exec backs Earth House campaign
Chris Baggott of Compendium Blogware and an anonymous donor are supporting the downtown venue.
Summer grant program for youth emphasizes math and reading
Distribution of $2.5 million in grants is overseen by the Central Indiana Community Foundation.