IBJ Staff
Articles
PROXY CORNER: Conseco Inc.
Conseco Inc. provides Medicare supplement, cancer, heart/stroke and accident insurance policies as
well as annuities and life insurance products through a nationwide network of distributors.
Quarterly profit, revenue soar at Baldwin & Lyons
Baldwin & Lyons Inc. on Thursday morning reported a record third-quarter profit, thanks to big investment gains and an increase
in premiums.
Celadon profit, revenue slides; shares to be listed on NYSE
Indianapolis-based trucking company Celadon Group Inc. on Wednesday reported lower revenue and profit during its most recent
fiscal quarter, and also announced plans to list its shares on the New York Stock Exchange instead of the NASDAQ starting
Nov. 10.
Grill maker to locate HQ in Indiana, hire 300
Waterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill
production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
New IT firm to create 400 jobs in Kokomo
Zuna Infotech will locate in Kokomo’s Inventrek Technology Park, a high-tech business incubator and state-certified technology
park.
Emmis stock closes at $1.53, avoids delisting
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished
trading above $1—preserving the company’s listing on the NASDAQ stock exchange.
Revenue, profit on rise for Interactive Intelligence
Indianapolis-based business software firm Interactive Intelligence on Monday reported higher third-quarter profit on
record revenue of $33.2 million.
Challenges remain for Emmis despite NASDAQ save
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished
trading above $1—preserving the company’s listing on the NASDAQ stock exchange, but big challenges remain for the locally
based owner of radio stations and magazines.
Hendricks County offers land for hotel development
The Hendricks County Convention and Visitors Bureau said Monday that it is asking for proposals to develop a full-service convention hotel on up to 18 acres in Plainfield at the intersection of Interstate 70 and Highway 267.
Old National reports earnings well below expectations
Evansville-based Old National Bancorp on Monday morning reported a third-quarter profit of $4 million, or 6 cents per diluted share, missing
consensus analyst expectations by about 5 cents per share.
Stretch of I-465 westbound reopens, several ramps still closed
The westbound lane of Interstate 465 reopened Friday afternoon on the city’s northeast side following the tanker explosion Thursday that closed parts of the expressway in both directions.
Steak n Shake nearer to merger with steak chain
Under terms of the deal, Steak n Shake will pay Western Sizzlin shareholders $22.9 million and Western will pay its shareholders
a $15.9 million stock dividend, making the total deal worth about $38.8 million.
Indianapolis-based FAST Diagnostics gets funding from BioCrossroads’ seed fund
Money will help the company refine its tool to treat acute kidney injury.
New not-for-profit coffee shop in Fletcher Place will raise money for charities
The new coffee shop named for Calvin Fletcher, one of the city’s first lawyers, will give money to groups such as Second Helpings.
Gregory & Appel celebrates anniversary by writing 125 checks to charity
The awards of $500 each total $62,500. “In lieu of doing a party, it was more
appropriate and more the corporate culture of Gregory & Appel to do something charitable,”
Vice President Steve Appel said.
Cook Group Inc. owner says health reform’s tax on medical devices could kill jobs
Bloomington-based Cook Group Inc. might have to cut as many as 1,000 local jobs if Congress enacts a tax on medical devices
to pay for health care reform, company founder Bill Cook said in an interview.
Ousted Indianapolis Symphony Orchestra conductor Venzago finally speaks out
Venzago said the abrupt dismissal has affected his ability to work this season, and that he received
an outpouring of sympathy from Indianapolis and the classical music world.
Ball State to offer new degree at downtown Indianapolis campus
The master of urban planning degree offered downtown will use the city as an urban laboratory.