Adesa parent turns profit on lower revenue
Carmel-based KAR Auction Services Inc. on Monday said the company turned a profit in the third quarter, although revenue decreased
slightly.
IBJ Staff
Articles
Council resurrects workplace smoking ban proposal
Two weeks after reaching a stalemate on a proposal that would broaden the city’s workplace smoking ban, City-Council
Council members voted Monday night to resurrect the measure.
Frozen-food firm plans to add 350 jobs at New Albany plant
New Albany-based Kemper Foods International LLC announced Tuesday morning that it will expand its food-production center in
southeast Indiana, creating more than 350 new jobs by 2012.
UPDATE: Life science firm to add 100 jobs at Park 100
California-based life science firm Beckman Coulter Inc. is moving its precision plastics injection molding operation
to the Park 100 business park on Indianapolis’ northwest side, making what it calls a multimillion-dollar investment in the
operation.
EDITORIAL: Tough love from taxpayers fed up with school spending
Across Indiana, in more than a dozen different school districts over the past year, taxpayers have sent a message to administrators:
We are no longer giving you a blank check.
FinishMaster profit, sales decline as accident claims fall
FinishMaster Inc. on Thursday afternoon reported a drop in third-quarter profit and revenue compared to the same period a
year ago.
Companies fined over death at convention center site
The Indiana Department of Labor has completed its investigation into the death of a construction worker at the expansion site
of the Indiana Convention Center and fined four local companies a total of $31,000 for safety violations.
Former Smith-Holden Music employees open new Bloomington store
Two key employees of the recently closed store in downtown Bloomington have opened their own venture,
Melody Music Shop.
Sign proposed for IBJ building requires public hearing
The parent company of Indianapolis Business Journal has filed plans to add a sign with an electronic-message component outside
the newspaper’s headquarters at 41 E. Washington St.
WFYI boss elected to national PBS board
Lloyd Wright, president and CEO of WFYI Public Broadcasting, has been elected to the PBS board of directors. He will serve
a three-year term.
Chemical-maker Benchmark Products merges with Ohio’s New Surface Technologies
Benchmark Products Inc., a local manufacturer of metal-finishing chemicals, will combine with a Bedford, Ohio, company and
keep its headquarters and production in Indianapolis. The combined company will be renamed Asterion LLC.
WellPoint, Obama administration battle over cost of health reform to employers
At this point in the health reform debate, you have to take numbers from any side with a grain of salt. That said, Indianapolis-based
WellPoint Inc. has done perhaps the only local analysis of how proposed reforms would affect the cost of health insurance
for employers.
Members of City-County Council form task force to study CIB financial problems
A new task force formed this month is charged with recommending solutions to the financial problems of the Indianapolis
Capital Improvement Board and its related convention and tourism issues.
Huntington National Bank’s assets fell because partnership ended
Last week’s front-page story “Shuffling the deck” pointed out the significant gains midsize banks have
made in the Indianapolis market over the last year. The one glaring exception was Columbus, Ohio-based Huntington National
Bank, which had lost $56.3 million in local deposits as of June 30, according to the FDIC. A closer look explains
why.
NFP of Note: Hamilton County Area Neighborhood Development Inc.
Hamilton County Area Neighborhood Development Inc. creates and promotes affordable, safe, quality housing and educates
the community about housing needs.
Fort Wayne plant closing to leave 118 jobless
Marietta, Ga.-based Graphic Packaging International Inc. has notified the state that it will cut 118 jobs by closing its plant in Fort Wayne.
Military firm could create 500 jobs at former chemical site
Telic Corp., a developer and manufacturer of United States military equipment, announced Thursday it will invest more than
$1.2 million in the former Newport Chemical Depot in western Indiana, creating up to 500 jobs.
HHGregg’s quarterly earnings, sales jump
HHGregg reported a rise in quarterly profit and sales Thursday morning that exceeded analyst expectations, despite a decrease
in same-store sales.