Emmis faces NASDAQ delisting danger again
Emmis Communications Corp. spent much of last year in danger of being delisted from the NASDAQ stock exchange. Now, it’s back in the same precarious position.
IBJ Staff
Articles
City revokes four cab companies’ licenses
The license revocations stemmed from violations such as failure to maintain a dispatch log, failure to maintain a dispatch facility and failed body or mechanical inspections.
Indiana life sciences upstarts tap health reform booty
The federal legislation is roundly criticized at a BioCrossroads meeting, but some firms have found a silver lining.
Sam Schmidt Motorsports moves into Tony George’s former shop
Old Vision Racing HQ gives Schmidt team room to expand.
Fishers Arts Council cranks up effort to support creative community
The Fishers Arts Council, which merged this year with the Fishers Cultural Alliance, is looking to become the suburb’s foremost arts advocate.
NFP of NOTE: Flanner House of Indianapolis
Flanner House of Indianapolis supports, advocates for and empowers individuals, children and families by applying educational, social and economic resources that move the community toward self-sufficiency.
EDITORIAL: Building safety requires oversight
The saga of the Di Rimini apartments is a cautionary tale, and one Indianapolis officials would do well to heed.
Library cuts 37 employees in effort to reduce deficit
The Indianapolis-Marion County Public Library’s decision to reduce its work force is in response to expected revenue annual shortfalls of up to $4 million through 2013. The cuts follow a reduction in hours last month.
KAR Auction reports higher profit, revenue
The auction company had revenue of $445.3 million in the quarter ended Sept. 30, a 4-percent increase from same quarter of 2009. Profit tripled, to $25.6 million.
Kite Realty improves third-quarter results
Indianapolis-based Kite Realty Group Trust improved its financial performance in the third quarter, reporting funds from operations of $7.8 million, up from $2.8 million in the same period last year despite a slight dip in revenue.
Fishers valve maker plans expansion
Nexus Valve Inc. plans to invest $2.3 million to expand its headquarters and distribution operations, adding up to 21 jobs by 2015.
Brightpoint shares rise after results top expectations
The wireless-device distributor reported revenue of $889 million in the third quarter, an increase of 3 percent compared to the same quarter of 2009.
City commission set to approve refinery plans
The Metropolitan Development Commission is expected Wednesday afternoon to approve Heritage-Crystal Clean Inc.’s plan to build its first used oil re-refinery, on West 10th Street. The project is estimated to cost $40 million and should create 55 jobs by 2013.
School referendums voted down in several districts
Voters shot down school referendums in several central Indiana districts Tuesday, including Zionsville, Anderson, Center Grove, Mount Vernon, Shelby County and Elwood.
Democrats win prosecutor’s race, other Marion County seats
Democrat Terry Curry has been elected Marion County prosecutor, defeating Republican candidate Mark Massa in a close race. Democrats also won the sheriff’s race and other countywide seats.
FinishMaster reports higher quarterly sales, profit
The Indianapolis-based distributor of automotive paints and accessories said its third-quarter profit climbed nearly 16 percent, to $3.5 million. Revenue increased 3 percent, to $108.8 million.
2010 Women of Influence
IBJ’s Women of Influence program recognizes central Indiana women who exemplify the traits required to be outstanding leaders in their chosen fields.
More than 500 employees take Purdue early-retirement plan
The plan, approved by Purdue’s Board of Trustees on Aug. 30, was designed to reduce payroll costs and avoid involuntary layoffs.