Shares in Republic Airways Holdings Inc. shot up nearly 9 percent this morning, to $14.54 each, after the Indianapolis-based regional carrier reported profit that beat analysts’ expectations. Republic said late yesterday that it earned $17 million in the third quarter, down 16 percent from a year earlier on higher expenses. Still, the 50-cents-per-share rise outpaced […]
Republic Airways Holdings Inc. earned $17 million in the third quarter, down 16 percent from a year earlier on higher expenses, the Indianapolis-based regional carrier reported late yesterday. The 50 cents per share beat the 47 cents expected by analysts surveyed by Thomson Financial. Republic had $7.4 million in additional expenses related to the return […]
Evansville’s redevelopment commission has rebuffed an offer from Berry Plastics Group Inc. that valued a Boys & Girls Club baseball field at less than a penny on the dollar of its appraised value. Evansville-based Berry offered $1 for the field, which is appraised at $237,750, according to the Evansville Courier & Press. The company wants […]
Indianapolis health care equipment manager TriMedx LLC has separated its ultrasound business unit into a new company called Axess Ultrasound LLC. Axess, wholly owned by TriMedx, repairs ultrasound transducers and circuit boards in 37 states and 11 countries, and generates $10 million in annual revenue, TriMedx President Greg Ranger said yesterday. Axess is launching with […]
The Indianapolis private-equity firm of Hammond Kennedy Whitney & Co. Inc. has sold a medical products company in Lebanon, Tenn., to The Riverside Co., a private-equity firm headquartered in New York. Financial terms were not disclosed. Coeur Inc. makes syringes, tubing and other single-use products for the imaging market. Hammond Kennedy had owned Coeur since […]
Siemens Healthcare USA has leased 320,070 square feet in the Building 100 warehouse in Plainfield Distribution Center. The announcement was made by NAI Olympia Partners, which brokered the deal on behalf of Republic Property Co. Headquartered in Cary, N.C., Siemens Healthcare supplies diagnostic and therapeutic equipment. Olympia brokers Chip Barnes and Matt Dickerson represented Republic. […]
No other metro area in the nation staged as large of an increase in its unemployment rate in September as Elkhart-Goshen in northern Indiana, the U.S. Bureau of Labor Statistics reported today. The rate leaped 5.1 percentage points from a year earlier to 9.3 percent. The region has suffered from a number of closings and […]
IdX Corp., a St. Louis company that designs and manufactures retail displays, will create 150 jobs within three years as part of an expansion of its Jeffersonville facility, the Indiana Economic Development Corp. said today. The $2.7 million project will add 420,000 square feet to the southern Indiana facility. IdX moved into the location in […]
MSI Packaging Inc. plans to move from Park 100 to Lebanon Business Park, an industrial park in the Boone County city, according to The Lebanon Reporter. The company sells and designs stretch films, foam and other packaging materials, and has been looking for a location to expand. MSI is buying a 6.5-acre site from Duke […]
A B.F. Goodrich Co. tire plant in the northeastern Indiana town of Woodburn will temporarily lay off as many as 500 of its workers for two months, according to The News-Sentinel of Fort Wayne. The layoff, which begins Nov. 1 and amounts to about 40 percent of the local work force, was forced by the […]
A shareholder in New York-based ImClone Systems Inc. has filed a lawsuit in an attempt to stop its pending acquisition by Eli Lilly and Co., according to a disclosure filed today with the U.S. Securities and Exchange Commission. State-Boston Retirement System of Massachusetts and several individual ImClone shareholders claim the company provided too little information […]
GyanSys Inc., an Indianapolis software developer that integrates supply chain management, payroll and other business functions, plans to create 139 jobs within the next six years, the Indiana Economic Development Corp. said today. The hiring will result from a $3 million headquarters expansion on the northeast side. The company currently has 17 workers. The state […]
A B.F. Goodrich Co. tire plant in the northeastern Indiana town of Woodburn will temporarily lay off as many as 500 of its workers for two months, according to The News-Sentinel of Fort Wayne. The layoff, which begins Nov. 1 and amounts to about 40 percent of the local work force, was forced by the […]
A year after a group of private-equity investors took over Biomet Inc., CEO Jeff Binder has told a Fort Wayne newspaper that he expects the company to be taken public again. Binder didn’t predict when the transition might take place, but said that the move likely would make more sense than an outright sale, The […]
Conseco Inc. expects its improving profits from operations to be overwhelmed by investment losses when it reports its third-quarter results next month. The Carmel-based insurance company, in a preliminary report, said it expects quarterly operating profit of $53 million to $59 million before investment losses, a rebound from last year’s third quarter loss of $22 […]
Indianapolis-based passenger carrier Republic Airways Holdings Inc. said today it has agreed to loan US Airways Group Inc. as much as $35 million. Republic offered an initial, $10 million loan, on Oct. 20, and has made available an additional $25 million in the first quarter of 2009. Republic flies smaller jets for US Airways, headquartered […]
Indianapolis-based Dow AgroSciences churned out $61 million in profit in the third quarter on soaring global demand for its agricultural chemicals and seeds and its success in charging higher prices. The figure included a $27 million charge for acquisition costs and hurricane damages. Dow AgroSciences reported a $15 million profit in the same quarter last […]
The group that controls Bloomington Hospital voted overwhelmingly last night to continue merger discussions with Indianapolis-based hospital giant Clarian Health. The Local Council of Women opted 316-105 against a resolution that would have rescinded a vote taken by the council on June 16, according to The Herald-Times of Bloomington. That vote, which passed 403-149, cleared […]
Aearo Technologies Inc., an Indianapolis company acquired nearly a year ago by 3M, plans to expand its operation in the northern Indiana town of Plymouth. The 25,000-square-foot expansion in Heritage Industrial Park is projected to result in 54 jobs in addition to the 90 now working in Plymouth. The manufacturer of goggles, earplugs and other […]
The 500 Festival announced today that Donald Lipski, a nationally known artist whose work graces public buildings and plazas throughout the country, is creating a $300,000 sculpture for Celebration Plaza in White River State Park downtown. The sculpture will honor the Festival’s 50 years of celebrating the Indianapolis 500 Mile Race. Site development begins today, […]
