Indianapolis-based Vertellus Specialties Inc. has acquired Degen Oil & Chemical Co., a New Jersey-based manufacturer of alkyd resins and specialty vegetable, nut and fish oils, the companies announced yesterday. Terms of the deal, which closed July 1, were not disclosed. Vertellus, which develops and manufactures specialty chemicals used for pharmaceutical, personal care, nutrition and agricultural […]
Indianapolis-based HHGregg today said it would price a previously announced public stock offering at $16.50 per share in hopes of raising about $53 million. The appliance and electronics retail chain announced the offering of 3.5 million shares of its common stock last week. Credit Suisse Securities LLC and Barclays Capital Inc. are the joint underwriters […]
Two chemistry professors at IUPUI are laboring to create the McDonald’s of research laboratories—low-cost and all over the world.
Nine local companies have joined together to offer $80,000 worth of marketing services, computer reconfiguration and office furniture as the prize the “Indy Business Makeover Competition” for small businesses.
Sister eateries Café Nora and Ruth’s Keystone Cafe have closed, owner Jim Nethercott said.
Humane Society of Indianapolis has been running adoption specials that have people lining up outside the Michigan Road shelter on weekends.
After 3-1/2 years, Russ Dodge has exited as general manager of WSYW-AM 810 and WEDJ-FM 107.1. Both stations, which are
owned by California-based Continental Broadcast Group LLC, air Hispanic music and programming.
The fact that Indiana is shedding manufacturing jobs is well-known, but you can thank a neighbor to the north for keeping track of every last one. The Milwaukee Journal-Sentinel reported recently that Wisconsin had taken the top spot, ahead of Indiana, in terms of the portion of employment in manufacturing—15.6 percent, versus Hoosiers’ 15.4 percent.
In its 20-year master strategy unveiled in December, IUPUI planned to tear down its track-and-field stadium along New York Street to make room for a mixed-use housing and retail development. Now IUPUI Chancellor Charles Bantz says those plans have been reconsidered.
In trying times, people and businesses often have to get creative to make ends meet. The same should hold true for local government. That’s why we commend city leaders for thinking outside the box in considering two initiatives to cut costs and generate public revenue.
Ivy Tech Community College President Tom Snyder, who yesterday was named one of four remaining candidates for the position of chancellor of the State University System of Florida, has withdrawn his name from consideration, he announced today. “I have made the decision to decline the invitation to be one of the four finalists for the […]
Connersville is among three finalists in the running to produce a new police cruiser that runs on clean diesel and biodiesel
technology.
Connersville is among three finalists in the running to produce a new police cruiser that runs on clean diesel and biodiesel technology. Atlanta-based Carbon Motors Corp., the developer of the Carbon E7 police car, said today that it has whittled finalists for the manufacturing plant from five to three. Connersville is about 70 miles southeast […]
Upscale garden retailer Smith & Hawken will close all of its stores by the end of the year, including its Indianapolis location on River Crossing Boulevard near the Fashion Mall. The Novato, Calif.-based company has 56 stores in 22 states and has been hit hard by the recession. Sales were down 22 percent during the […]
Upscale garden retailer Smith & Hawken will close all of its stores by the end of the year, including its Indianapolis
location on River Crossing Boulevard near the Fashion Mall.
Biomet Inc. yesterday reported a $170.9 million loss in its fiscal fourth quarter as the result of more than $300 million
in special charges.
Biomet Inc. yesterday reported a $170.9 million loss in its fiscal fourth quarter as the result of more than $300 million in special charges. For the period ended May 31, the Warsaw-based manufacturer of orthopedic products reported $103 million in charges related to its 2007 merger with LVB Acquisition LLC, a private-equity consortium partly managed […]
Dow Agrosciences LLC said today it is acquiring the majority of assets of Illinois-based seed corn company Pfister Hybrids. A sale price was not disclosed. Under the terms of the agreement, Indianapolis-based Dow AgroSciences, a subsidiary of Dow Chemical Co. in Michigan, will acquire the Pfister brand and the sales and marketing areas, as well […]
Interactive Intelligence said yesterday it expects a profit of between $1.8 million and $2.5 million in the second quarter, up from $845,000 the company earned in the same period last year. The Indianapolis business-communications software firm will report official second quarter financial results July 30. Earnings per share are estimated to be between 10 cents […]
Interactive Intelligence said yesterday it expects a profit of between $1.8 million and $2.5 million in the second quarter,
up from $845,000 the company earned in the same period last year.
