Evansville-based Integra Bank Corp. said today it has agreed to acquire Cincinnati-based Peoples Community Bancorp Inc. in a deal valued at $85.6 million. The cash and stock deal, approved by both companies’ boards of directors, helps boost Integra’s Cincinnati presence. Peoples Community Bank has 19 locations in southwestern Ohio and southeastern Indiana. Integra has 80 […]
Instead of charging its employees for failing to quit smoking, lose weight or improve other health factors, Clarian Health Partners now will give them incentives to change bad health habits. Beginning next year, Clarian had planned to charge employees $5 per paycheck-or $130 a year-if they smoked cigarettes and weren’t trying to quit. The hospital […]
Pended home sales in the Indianapolis area fell 14.2 percent in August compared to a year earlier, according to residential real estate brokerage F.C. Tucker Co. The nine-county region generated 2,419 pending sales of single-family homes and condominiums. Such sales are signed but not closed. Tucker, which receives the information from the Metropolitan Indianapolis Board […]
Indianapolis-native Emily Kennerk’s public art won’t be part of the Indianapolis Cultural Trail, a trail spokeswoman said today. Kennerk proposed sculpture, “Play,” depicted five oversized marbles at the intersection of Alabama and Vermont streets and Massachusetts Avenue. Kennerk and trail officials could not agree on the timing or budget for the piece, causing the trail […]
Indianapolis-based Simon Property Group is positioned to weather a looming downturn in values of shopping malls, according to The New York Times. The real estate investment trust, the nation’s largest owner of shopping malls, is concentrated in choice regional malls whose values are expected to hold up in the face of deteriorating credit markets, the […]
As Gov. Mitch Daniels travels to Japan this week in search of job commitments, he can take some comfort that, if the state fails to pull out of its static employment status, there’s always Michigan to point to. Not much is going well for Indiana’s northern neighbor. At a time most states are piling in […]
Houses in Indiana increased the least of any state in the nation between 2000 and July 2006, new U.S. Census Bureau data shows. Indiana houses increased a meager 11 percent after adjusting for inflation, according to The Journal Gazette of Fort Wayne. The median house value stands at $120,700. Only 25 Indiana counties and eight […]
A group that protested the proposed Illiana Expressway in northwest Indiana has taken sides with landowners who oppose a sprawling intermodal facility planned for LaPorte County. Citizens Against the Privatized Illiana Tollroad is helping Stop Intermodal Save Our County-also to prevent development of farmland, according to the Times of Munster. State and local negotiators are […]
A New York City company that makes consumer products will build a production plant in the east-central Indiana town of Cambridge City, according to the Richmond Palladium-Item. An announcement is scheduled Sept. 25. The project will cost “tens of millions of dollars,” said Jim Dinkle, president of the Economic Development Corp. of Wayne County. The […]
Two sites in the U.S. and one international site are finalists for a new Rolls-Royce plant, according to The State of Columbia, S.C. One domestic site is in Greenville, S.C., the newspaper reported, quoting Greenville County Council Vice Chairwoman Judy Gilstrap. Gilstrap would not identify the other sites. Rolls-Royce spokeswoman Mia Walton would not comment […]
The opening in early August of Four Winds Casino Resort just across the state line in New Buffalo, Mich., had only a small impact on the five casinos operating in northwest Indiana. Total revenue at the five casinos increased by $1 million in August from July 2006, to $10.49 million, according to the Post-Tribune of […]
Macy’s Inc., which has three Indianapolis department stores, is still fighting a stubborn public relations battle in Chicago, where it bought Marshall Field’s two years ago and renamed the local legend Macy’s. More than 100 people marched yesterday to ask people living in Chicago to boycott the department store until Macy’s changes the name back […]
A proposed ban on new truck stops at Greenwood’s two Interstate 65 interchanges has gained unanimous support from the city council. The council also might ban additional gas stations and convenience stores, according to the Daily Journal of Franklin. A lengthy list of businesses, including dog kennels and boat dealers, already is banned by the […]
A group led by an aggressive, 29-year-old investor from Texas has boosted its stake in the struggling Steak n Shake Co. from 5.8 percent to 6.7 percent, according to a regulatory filing. Sardar Biglari, who runs San Antonio-based Lion Fund, began acquiring Steak n Shake shares this spring. Biglari and affiliates-including Western Sizzlin Corp., the […]
Indianapolis-based Finish Line Inc. has hired Moelis Advisers as a non-exclusive financial and capital markets adviser, the shoe and clothing retailer announced this morning. Moelis is a division of New York-based Mercanti Securities LLC, which is a unit of Los Angeles-headquartered Mercanti Group. In its statement, Finish Line didn’t discuss why it had hired Moelis. […]
Aprimo Inc., the north-side developer of marketing software, said in a Securities and Exchange Commission filing this morning that it plans to raise up to $50 million in an initial public offering. The company would be listed on NASDAQ under the ticker MKTG. Aprimo said the price and number of shares have not been determined. […]
The expected announcement that Indianapolis-based Clarian Health Partners will build a hospital near Muncie is raising anticipation about improved health care services as well as fears that the competition could hurt local hospitals, according to The Star-Press. Last week, the president of the town council of nearby Yorktown said Clarian plans to develop a 100-acre […]
The Indianapolis Colts rout of the New Orleans Saints last night likely led to a drop in television ratings for the National Football League kickoff game compared to the last two years. Twenty-one percent of all television households nationwide tuned into the game, but that’s down from last year’s Pittsburgh Steelers-Miami Dolphins season opener, when […]
Moody’s Investors Service has slapped Conseco Inc. with a downgrade of its senior debt to “negative” from “stable.” The change was sparked by “sub-par earnings” in the past year, according to Bloomberg. Moody’s also is concerned about a string of one-time charges the company has sustained. The Carmel insurer lost $65 million in the second […]
Chase Education Finance announced today that it will hire as many as 150 of the 265 workers laid off in Indianapolis yesterday by student loan company Nelnet. Chase Education Finance is adding the workers in an attempt to boost its capacity to originate student loans, the bank said. The Chase unit has 250 workers based […]
