Indianapolis-based Celadon Group Inc. yesterday reported fiscal second-quarter revenue of $119.6 million, a nearly 14-percent decline from the same period last year. Profit was unchanged, at $1.7 million for both the 2008 and 2007 quarters. Celadon’s latest fiscal quarter ended Dec. 31. CEO Steve Russell said the trucking company is feeling the effects of the […]
Several students were robbed at gunpoint this morning as they waited for school buses at three east-side stops. The incidents occurred between 6:40 a.m. and 6:59 a.m. A 16-year-old reported being held up at a stop near East 42nd Street and North Ridgeview Drive in Lawrence, then robberies were reported on East 39th Street near […]
Lafayette-based Radian Research Inc. is the first participant in a state initiative that helps companies become employee-owned. Radian received $3.6 million in financing yesterday from the state to make the transition. State Treasurer Richard Mourdock created a program that has $50 million available to companies. The goal is to encourage Indiana companies to embrace employee […]
Indianapolis Airport Authority honcho John J. Kish is flying south, leaving his current position in April to oversee development of an arena in downtown Evansville. The Evansville Redevelopment Commission voted to hire him yesterday. Kish, 54, oversaw construction of the airport’s $1.1 billion midfield terminal project, which opened in November. Before becoming executive director of […]
Columbus, Ohio-based Huntington Bancshares Inc., parent of Indianapolis’ fourth-largest bank, Huntington National Bank, this morning announced a $417.3 million loss, or $1.20 per common share, for its fourth quarter. The company also posted a year-end loss of $113.8 million, or 44 cents per common share, for 2008. Huntington’s fourth quarter results included $560.6 million in […]
A 29-percent increase in student enrollment helped ITT Educational Services Inc. grow its fourth-quarter revenue to $279.8 million, up from $230.4 million the same period the prior year. The Carmel-based technical school operator released financial results for the period ending Dec. 31 this morning. ITT posted a $63 million profit for the quarter, up 30 […]
Indianapolis-based Celadon Group Inc. reported today fiscal second-quarter revenue of $119.6 million, a nearly 14-percent decline from the same period last year. Profit was unchanged, at $1.7 million for both the 2008 and 2007 quarters. Celadon’s latest fiscal quarter ended Dec. 31. CEO Steve Russell said the trucking company is feeling the effects of the […]
FlamencoNets, a minority-owned Internet service in Indianapolis, is the first tenant signed at the Purdue Research Park at AmeriPlex-Indianapolis. The 4-year-old company plans to hire about five employees and lease space inside the park’s 55,000-square-foot accelerator, the first phase and cornerstone of the project. The accelerator will house 15 to 25 startups and create roughly […]
More than 220 dentists and patients from across Indiana filled the Statehouse this morning, urging lawmakers to pass a bill guaranteeing that insurance companies honor patient requests about where to send benefit payments. Patients typically ask insurance company to send payments directly to the dentist, but some insurers won’t do that if the dentist isn’t […]
A Lebanon woman charged with killing her teenage daughter has rejected a proposed plea agreement. Elizabeth Fairfield, 38, told a judge she would not plead guilty to reckless homicide. Fairfield is accused of killing her 14-year-old daughter by overdose last June. The girl had Down zyndrome and was found with a high level of pain […]
An Evansville-area GOP lawmaker is backing a bill to slow changes to the state’s welfare system. Rep. Suzanne Crouch has criticized the way the Family and Social Services Administration has managed the transition to a new system that encourages people to apply for aid online, over the phone or by fax. Some applicants have complained […]
Just three months after announcing an aggressive expansion, Indianapolis-based Angie’s List said today it is eliminating 90 jobs-about 20 percent of its work force. In an effort to trim costs, 50 jobs will be cut from the data acquisition and processing departments and another 40 from other departments, CEO Bill Oesterle said in a statement. The […]
The Dow Jones industrial average suffered the worst Inauguration Day decline in its 112-year history today, falling more than 4 percent as Barack Obama took over as U.S. president. The Dow dropped 332 points, to 7,949, its first close below 8,000 since Nov. 20. Continuing problems in the banking industry took a toll on major […]
A massive reorganization at radio giant Clear Channel Communications began as expected today. Industry Web site Radio-Info.com reported this morning that jobs cuts were under way as the San Antonio-based company broke the news to employees both in one-on-one sessions and staff meetings. Clear Channel employs about 50 people in Indianapolis at three radio stations […]
One man is dead and a suspect is in custody after a stabbing last night on Indianapolis’ east side. Indianapolis Police got a call just after 10 p.m. about a person down in the 6100 block of East 21st Street. The victim was taken to Wishard Hospital, were he died at 11:40 p.m. The victim […]
Family and friends gathered at Camp Atterbury in Edinburgh this morning to see off 132 Hoosier soldiers. Members of the 138th Quartermaster Support Company are preparing to deploy to Iraq. The departure ceremony began today at 10 a.m., and was hosted by the 219th Battlefield Surveillance Brigade. The Brazil-based unit will be the first to […]
Two men are on the loose after robbing a Hancock County gas station worker at gunpoint this morning. Investigators say a pair of black males entered Gas America at Mount Comfort Road and U.S. 40 about 3 a.m. today, robbed the attendant and made their getaway. Investigators are reviewing surveillance video from the scene.
About 1,300 workers at Chrysler’s Kokomo Transmission Plant did not return to work today as expected following a month-long layoff. Company officials expected the plant’s entire workforce of 2,000 would return today. But in a statement yesterday they said remaining workers likely would be called back Jan. 26. Chrysler employs about 6,300 workers at the […]
Hotel toiletries maker Gilchrist & Soames said today it plans to spend $3 million to expand its Indianapolis headquarters and manufacturing operations, creating more than 40 jobs by 2014. The company, purchased by San Francisco-based private equity firm Swander Pace Capital for $51 million in 2007, supplies bath and body products to luxury hotels and […]
Radio giant Clear Channel Communications Inc. is expected to implement a massive restructuring plan tomorrow that aims to cut $400 million in company costs. San Antonio-based Clear Channel has about 50 employees in Indianapolis; the company owns local radio stations WFBQ-FM 94.7, WRZX-FM 103.3 and WNDE-AM 1260, and its Clear Channel Outdoor billboard arm also […]
