Adesa parent reports higher second-quarter profit, revenue
The company earned $28.6 million, or 21 cents per share, compared with $12.8 million, or 12 cents per share, in the year-ago period. Total revenue increased 7 percent, to $470 million.
IBJ Staff
Articles
Seven cab companies denied licenses
The city of Indianapolis’ Department of Code Enforcement rejected the applications largely because the companies didn’t have
a dispatch facility or didn’t have employees to staff a facility.
Alcohol board denies Walgreens’ booze permit application
Marion County’s Alcoholic Beverage Board on Monday denied Walgreen Co.’s application for a permit to sell alcohol at
its location on East Washington Street in Irvington, citing neighbors’ opposition. The panel split 2-2 on a permit for its
Nora store. Earlier, the drugstore chain withdrew two
other requests.
Celadon reports higher quarterly, fiscal-year profit
CEO Steve Russell attributed the improved earnings to a recovering freight environment, coupled with a decrease in
competition. Celadon also is benefiting from increased trade with Mexico.
Simon Property Group reports improved quarterly results
The Indianapolis-based real estate giant experienced higher occupancy and sales at its shopping malls compared to a year ago.
EDITORIAL: City needs to keep momentum from utilities deal
We’re happy to see that partisanship didn’t sink Mayor Greg Ballard’s plan to sell Indianapolis’
water and sewer utilities to Citizens Energy Group. Now city leaders need to make sure they spend the money wisely.
Wishard Health Services rewards carpoolers
Landing the best parking spot doesn’t always require getting a big promotion.
Hoosier Tire legal victory has broad implications
The Lakeville-based company won a victory in the antitrust case brought by Pittsburgh-based Specialty Tires of America,
which objected to exclusive contracts for the supplying of racing tires.
Hetrick to handle marketing for veterinary association
The Indiana Veterinary Medical Association hired the local agency to develop a new branding and identity campaign.
Delta Faucet parent lowers forecast for housing starts
The Carmel-based company backed off earlier predictions after a mid-year slow-down that could affect its sales.
Marian University hires former Butler professor to head business school
Russell Kershaw is the new dean of its Clark H. Byrum School
of Business.
Indiana life sciences companies capture more venture capital money in first half of 2010
Venture dollars for Hoosier companies are still few, but the flow of deals is picking up.
NFP of Note: Indy Reads
Indy Reads works to improve the literacy skills
of adults in central Indiana who read or write at or below the sixth grade level.
Lauth moving HQ to North Meridian office building
Lauth Group Inc. will relocate its headquarters to a North Meridian Street office building as part of a bankruptcy court settlement,
the company announced Thursday afternoon.
Expedited security returns to Indianapolis International
iQueue promises faster travel through security checkpoints. Participants pay $169 a year and get biometric identity card.
First Internet Bank reports strong second quarter
Fewer loan losses and an increase in net-interest income help the bank post one of its biggest quarterly profits in company history.
Quick hits: Indianapolis and Kansas City are close match in tourism
Indianapolis and Kansas City, a metro area with feet in both Missouri and Kansas, are not only similar demographically, but
the cities' convention and tourism trades have some measures in common, like number of annual visitors.
CEO of local chocolate company stepping down
Wayne Zink of Endangered Species Chocolate will become chairman of the company’s not-for-profit foundation. Chief Operating
Officer Curt Vander Meer will replace him as CEO.