Navistar finalizes foundry closing
Navistar Inc. has notified state leaders that its Indianapolis Casting Corp. foundry at 5565 Brookville Road will close in
July, costing about 220 employees their jobs.
IBJ Staff
Articles
Interactive Intelligence reports strong profit, revenue
Interactive Intelligence’s quarterly profit rises to $1.9 million, a 58-percent improvement over the first three months of
last year.
Central Indiana home sales up slightly in first quarter
Homes sold in the first three months of the year totaled 4,634, a 1-percent increase from the 4,593 in the
same period last year. However, total sales volume jumped 12 percent, to $637 million.
IU receives $4.8M for global business institute
The grant from a private equity firm will fund MBA and doctoral students working with Latin American companies.
Calumet wins $132M federal defense contract
The one-year agreement calls for the Indianapolis-based company to supply aviation fuel to the Defense Energy Support Center
in Virginia.
Celadon reports quarterly profit on higher revenue
The Indianapolis-based trucking company saw profit rise to $400,000 in its third quarter from a $2.1 million loss in the same
period
last year.
First Internet Bank profitable in first quarter
The Indianapolis-based parent company of First Internet Bank of Indiana said on Monday that it earned $2.2 million in the
first quarter, compared with a loss during the same time frame last year.
Old National improves first-quarter performance
Evansville-based Old National Bancorp on Monday reported a first-quarter profit of $10.1 million, up
84 percent from the prior-year period and a big improvement from the fourth quarter of 2009, when the company posted a loss
of $9.3 million.
Harlan Labs names new CEO
The Indianapolis-based provider of clinical research animals has promoted senior manager Hans Thunem to its top spot.
Television ratings jump for Indy Racing League’s Long Beach race
Ratings for the first three races of the 2010 season have grown 67 percent over last year.
Penske signs deal with Shell to sponsor three Indy Racing League drivers
The new deal includes associate sponsorship of Penske’s Indy Racing League drivers Helio Castroneves, Will Power and
Ryan Briscoe.
Brightpoint, Comcast employees ramp up volunteer efforts
Brightpoint employees fanned out across Marion and Hendricks counties the week of April 17, donating more than 400 hours to
seven organizations. Comcast was expecting 1,000 volunteers to help organizations across the state on April 24.
Scott Jones brings Lemonade Day to Indianapolis kids
Launched in Houston three years ago, Lemonade Day aims to educate children from pre-kindergarten through high school how to
start, own and operate their own small businesses.
School project takes architect to Eastern Europe
Dan Schmidt of Indianapolis-based Schmidt Associates Inc. architecture firm has returned from a trip to Georgia helping to
evaluate school infrastructure there.
EDITORIAL: Simon could score for city library
Perhaps it’s time for Pacers owner Herb Simon—a billionaire
like his late brother—to burnish his credentials as a philanthropist who makes the city a better place to live and work.
NFP of NOTE: Coburn Place Safe Haven
Coburn Place opens a door through which women and children fleeing domestic violence can find safe haven.
Circle Centre arcade reopens under new ownership
Texas-based Tilt Family Entertainment acquires GameWorks chain, which closed last month, leaving gaping hole on fourth floor
of mall.
USA Football makes move to Indianapolis official
As expected, city officials announced Tuesday morning that USA Football will relocate its headquarters to Indianapolis from
Vienna, Va. The move should be complete by August.