Labor board rejects Hyatt petition to hold union vote
Downtown Indianapolis hotel prefers a secret-ballot vote, while the Unite Here labor union wants what’s known as a “card check” system.
IBJ Staff
Articles
Ex-Countrymark CEO clamors for conviction reversal
David Swanson, who was sentenced to 15 years in prison for skimming $2.7 million from CountryMark in 2003, was in court in Indianapolis last week, trying to get his sentence reduced or conviction overturned.
Borders closing another local bookstore
The Ann Arbor, Mich.-based bookstore chain, which filed for Chapter 11 bankruptcy reorganization last month, announced yesterday it would close the Border’s store in the Shops at River Crossing near the Fashion Mall.
Westfield businessman jailed for tax evasion
U.S. Attorney Joseph Hogsett said Joseph Hinshaw, 57, under-reported his income from 2003 to 2007 to avoid taxes and to obtain federal and state student loans.
Northeast-side office building falls into foreclosure
The 83,653-square-foot office building at 6666 E. 75th St. near Binford Boulevard and Interstate 465, is known as Heritage Park II. It is only 55-percent occupied.
Shoe Carnival reports record annual profit
The Evansville-based shoe and apparel retailer said it earned $26.8 million in its last fiscal year. The company also reported record same-store sales.
EDITORIAL: Democrats test public patience
The stalemate that sent Democrats across state lines more than four weeks ago started as a principled stand against a Republican overreach. But it’s the Democrats who will be remembered for overreaching.
City looking for auctioneer to sell excess cars, equipment
A request for proposals was put out March 14 for the two-year auctioneer contract. Bids are due next month.
Feinstein works Carmel’s Palladium into national program
PBS film crews will be at the Palladium May 12 for “Michael Feinstein: The Sinatra Project.
ExactTarget lands on Wall Street Journal list
The company, one of the city’s largest technology firms, is on the newspaper’s list of top 50 venture-funded firms.
Records
Announcements United Way of Central Indiana added its name to the list of those supporting the Indiana Compact, a statement of principles for immigration policy reform. The Indiana Compact advocates five principles should guide policy solutions around immigration reform: • federal solutions – urge Indiana’s Congressional delegation to address this federal policy issue. • law enforcement – respect the […]
PROXY CORNER: Eli Lilly and Co.
Eli Lilly and Co., Lilly Corporate Center, Indianapolis, 46285 (www.lilly.com) discovers, develops, manufactures and sells pharmaceutical products for humans and animals.
BREAKING: Durham, two other executives indicted for fraud
Beleaguered local businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co. have been indicted on felony charges of wire fraud, securities fraud and conspiracy to commit wire fraud and securities fraud. The Securities and Exchange Commission also filed a complaint against the men in federal court.
Brightpoint invests in Latin American operations
Locally based wireless phone distributor plans to spend more than $15 million for a stake in a Miami-based company focused on Latin America.
Another northwest-side apartment complex faces foreclosure
Lender Fannie Mae filed to foreclose on Inverness Apartment Homes, whose Vancouver-based owner allegedly owes $4 million on a note that was due in February.
Annual profit, revenue shrink for Noble Roman’s
The Indianapolis-based pizza franchisor saw declining results from its restaurants, but got a boost from its growing line of take-and-bake products.
Freight brokerage plans local office, 50 jobs
Cincinnati-based Total Quality Logistics Inc., a national freight brokerage firm, plans to open a satellite office in Indianapolis in April.
CICP exec Gifford heading regional transit task force
At the Central Indiana Corporate Partnership, Gifford will work primarily with the private-sector-led Central Indiana Transit Task Force, the regional mass transit initiative co-founded by CICP.