Lender Oak Street acquired by New York firm
Carmel-based insurance lender Oak Street Funding LLC announced Thursday that it has been purchased by private equity funds managed by New York-based Angelo Gordon & Co.
IBJ Staff
Articles
Scandal fallout plagues Duke Energy’s Edwardsport project
Regulatory proceedings involving the coal gasification plant are being delayed while investigations continue over conflicts of interest at the IURC.
Danica Patrick again voted most popular by IRL fans
The awards were determined by votes of fans at IRL events throughout the season and on indycar.com.
Plans for Kroger-anchored center in west Carmel fall through
The grocer might reconsider the Altum Garden’s site if economic variables change.
Delta Faucet parent struggles through rocky housing market
Masco Corp., based in Taylor, Mich., reported a third quarter loss, but its plumbing division eked out a gain.
United Way hires public policy chief to focus on education issues
The position at United Way of Central Indiana had been vacant because of budget issues.
PROXY CORNER: The Finish Line Inc.
The Finish Line Inc., 3308 N. Mitthoeffer Road, Indianapolis, www.thefinishline.com, is a specialty retailer of brand-name athletic and leisure footwear, activewear and accessories.
EDITORIAL: A last chance for City Market
We like the changes afoot at City Market. But if the latest attempt to reposition it doesn’t work, the city should consider mothballing the beloved old building until its surroundings become a benefit rather than a liability.
Duke Realty improves third-quarter performance
Duke Realty Corp. had its best leasing quarter in three years and boosted overall occupancy to nearly 90 percent, helping the company post a profit for the fiscal period ended Sept. 30.
Celadon’s quarterly profit, revenue improve
The Indianapolis-based trucking company reported revenue of $140.3 million for the fiscal first quarter and profit of $4.4 million.
Cummins expanding in Columbus, plans 350 jobs
Cummins Inc. announced Tuesday that it will expand its headquarters in Columbus, adding at least 350 professional employees during the next 18 months to support global operations.
Kokomo approves tax breaks for Delphi division
Delphi Electronics & Safety is moving ahead with a $28 million investment in its Kokomo operations, city officials said this week.
City-County Council approves 2011 budget
The CIB’s $73.1 million budget, which included a $10 million payment to the Pacers for the operation of Conseco Fieldhouse, passed by a 15-14 vote.
Grand jury indicts OmniSource for racketeering
A Marion County grand jury has returned an eight-count indictment against OmniSource Corp., accusing the metal recycling powerhouse of racketeering and receiving stolen property. Company president Mark Millett called the allegations "unfounded."
Local Raytheon operation lands $47M Army contract
Raytheon Technical Services Co. in Indianapolis won a $47 million deal to make infrared systems for U.S. Army armored vehicles, continuing a string of sizable military contracts it has scored this year.
State’s jobless rate dips slightly to 10.1 percent
Indiana’s unemployment rate in September was 0.1 percentage point lower than in August and the same as it was the same month last year. But it remains above the national rate of 9.6 percent.
Monday morning commute downtown could be messy
Motivational event bringing 13,000 people to Conseco Fieldhouse is expected to snarl downtown traffic during the early morning commute.