Adesa parent increases revenue, profit
Carmel-based KAR Auction Services Inc. on Wednesday reported a first-quarter profit of $8.1 million, reversing a $3.5 million
loss in the same period last year.
IBJ Staff
Articles
Brightpoint reports higher revenue, earnings
Brightpoint handled 22.5 million units in the first quarter, a jump of 21 percent compared to the first quarter of 2009.
Republic suffers $36.5M loss in first quarter
Indianapolis-based carrier took an $11.5 million charge to write off the Midwest Airlines brand name. Republic is combining Milwaukee-based Midwest with Denver-based Frontier Airlines.
Reduced production drives Calumet to a loss
High crude oil prices and lower production hurt the bottom line at Calumet Specialty Products Partners LP, which Wednesday
reported a $13.1 million first-quarter loss. It posted a $75.6 million profit in the first three months of 2009.
Voters back school-funding plans across central Indiana
Voters in Washington Township, Pike Township, Speedway, Carmel Clay and Noblesville approved
higher tax rates to help prevent teacher cuts or support building projects.
PROXY CORNER: Brightpoint Inc.
Brightpoint Inc. provides worldwide distribution and integrated logistics services to the wireless communications industry.
State revenue continues to fall short of projections
Indiana has missed budget projections for nine out of the last 10 months. April tax collections hit their lowest mark since
2004.
General Hotels lands 5 new properties
General Hotels Corp. will manage five more hotels in Indiana and Ohio.
City targets Georgia Street for $12.5M makeover
The project will create an event-friendly corridor from the expanded Indiana Convention Center to Conseco Fieldhouse.
Fraud scheme nets Indianapolis man 15 years in Texas
Louis Simpson bilked investors of $948,500 by claiming to operate a program with the Department of Housing and Urban Development.
Subaru adding production at Lafayette plant
Japanese automaker has boosted employment by 200 since August to meet demand for its Outback and Legacy models.
HardingPoorman acquires Saint Clair Press
The deal brings together two of the Indianapolis-area’s largest commercial printers.
Vontoo CEO to receive TechPoint Trailblazer Award
Robert Compton will receive the honor for his contributions to the state’s high-tech sector at the Mira Awards program May
15.
Sale of Memory Gardens restores $20M in trust funds
Acquisition by Indianapolis-based funeral home and cemetery business by Pennsylvania-based company will preserve funds depleted
by former owner.
Goldsmith to become New York deputy mayor, reports say
Goldsmith, 64, was Indianapolis mayor from 1992 to 2000. He will replace Ed Skyler, 36, who is leaving the post to join Citigroup.
Goldsmith named deputy mayor of New York City
The former Indianapolis mayor will become a deputy mayor and oversee the fire and police departments.
Wishard Foundation appoints new leader
Ernest Vargo II’s Vargo’s top priority will be guiding the foundation’s $50 million capital campaign for the construction
of the new, $754 million Wishard Hospital.
ExactTarget reports record quarterly revenue
The Indianapolis-based e-mail marketing firm posted revenue of $29 million in the first three months of the year, a 37-percent
increase from the same period last year.
EDITORIAL: Don’t abandon basic services because of tax caps
The property tax caps that are all but sure to become part of the Indiana constitution after a voter referendum
this November
are definitely good politics—and might prove to be good policy. We won’t know for sure until we see what becomes
of two property-tax funded entities that are starving as the caps fully phase in.