Cincinnati-based First Financial Bancorp is expanding its Indianapolis-area presence by buying three bank branches and $200 million in loans from troubled Irwin Financial Corp. in Columbus. First Financial, the parent of First Financial Bank, said yesterday it is buying branches in Carmel, Greensburg and Shelbyville. The acquisition includes about $143 million in deposits and $50 […]
Mayor Greg Ballard’s administration will be confronting “very difficult decisions” as it attempts to close the Indianapolis Capital Improvement Board’s projected $47 million deficit. “Until I have the cash-flow analysis completed, I can’t fully articulate what those decisions are going to be, but I don’t see any of them being good,” Paul Okeson, chief […]
Mayor Greg Ballard’s administration will be confronting “very difficult decisions” as it attempts to close the Indianapolis Capital Improvement Board’s projected $47 million deficit. “Until I have the cash-flow analysis completed, I can’t fully articulate what those decisions are going to be, but I don’t see any of them being good,” Paul Okeson, chief of […]
Cafe Patachou owner Martha Hoover plans to open a pizzeria next to her trademark eatery at 49th and Pennsylvania streets. The new venture, called Napolese, should be ready by late fall and will feature traditional, Neapolitan-style pizza. Hoover said she decided to branch out from her popular cafe concept to bring another variety of pizza […]
University Loft Co. has agreed to pay the federal government $400,000 following an investigation by the U.S. Justice Department alleging the Greenfield-based company violated trade agreements. The Justice Department said Friday that a settlement with University Loft resolves allegations that the company knowingly sold Malaysian-made furniture to government agencies, which violates the Trade Agreements Act. […]
University Loft Co. has agreed to pay the federal government $400,000 following an investigation by the U.S. Justice Department alleging the Greenfield-based company violated trade agreements. The Justice Department said Friday that a settlement with University Loft resolves allegations that the company knowingly sold Malaysian-made furniture to government agencies, which violates the Trade Agreements Act. […]
Only North and South Dakota, Tennessee and Wisconsin have smaller proportions of lawyers within their working populations.
Experts point to the state’s shrinking base of corporate HQs, the exodus of law school graduates, and a less litigious climate
overall.
If the country indeed has too many lawyers, as the knock on the profession suggests, Indiana may be exempt from the conversation. Only North and South Dakota, Tennessee and Wisconsin have smaller proportions of lawyers within their working populations, U.S. Bureau of Labor Statistics figures show. In Indiana, 0.24 percent of the work force of […]
The Finish Line narrowed its losses in its fiscal first quarter, the Indianapolis-based athletic shoe and clothing retailer reported today. But the results fell short of analyst expectations. Finish Line lost $600,000 in the period ended May 30 compared to a profit of $868,000 a year earlier. Analysts surveyed by Thomson Financial anticipated Finish Line […]
Arcadia Resources Inc. this morning reported a loss of $32.7 million in its fiscal fourth quarter, far larger than the $4.5 million loss it announced in the same period a year earlier. The vast majority of the decline – $29.3 million – was due to one-time costs related to asset-impairment charges, debt restructuring costs and […]
AIT Laboratories’ 300 employees reacted with shock, awe and tears today upon learning they will share $2 million in bonus money. The Indianapolis company, founded in 1990, began doling out annual profit-sharing bonuses to workers in 2007. But this is the first mid-year bonus. AIT revenue increased 93 percent in the first five months of […]
Arcadia Resources Inc. this morning reported a loss of $32.7 million in its fiscal fourth quarter, far larger than the $4.5 million loss it announced in the same period a year earlier. The vast majority of the decline – $29.3 million – was due to one-time costs related to asset-impairment charges, debt restructuring costs and […]
A Washington, D.C.-based alternative-energy company claims it could create up to 20,000 jobs in Indiana by manufacturing its green-energy supply system somewhere in the state. Its goal, however, would far exceed anything accomplished in the wind-turbine production industry. The D’Arcinoff Group Inc. said it is exploring seven sites in Indiana, including one where it would […]
Columbus, Ohio-based architectural firm Moody Nolan Inc. has recruited veteran Indianapolis architect Jim Kienle to spearhead its historic preservation practice. Kienle operates James T. Kienle & Associates Inc., which has been acquired by Moody Nolan, the firms announced yesterday. Terms of the deal were not disclosed. Moody Nolan, which has seven U.S. locations, appointed Kienle […]
Columbus, Ohio-based architectural firm Moody Nolan Inc. has recruited veteran Indianapolis architect Jim Kienle to spearhead its historic preservation practice. Kienle operates James T. Kienle & Associates Inc., which has been acquired by Moody Nolan, the firms announced yesterday. Terms of the deal were not disclosed. Moody Nolan, which has seven U.S. locations, appointed Kienle […]
Zoos typically count on special exhibits and attractions to boost traffic. This year, they’re also getting help from an unlikely source – the recession. More than half of 120 members of the Association of Zoos and Aquariums responding to a survey reported year-over-year attendance increases. Consumers, it seems, are seeking more affordable entertainment closer to […]
Zoos typically count on special exhibits and attractions to boost traffic. This year, they’re also getting help from an unlikely source – the recession. More than half of 120 members of the Association of Zoos and Aquariums responding to a survey reported year-over-year attendance increases. Consumers, it seems, are seeking more affordable entertainment closer to […]
Village Pantry’s headquarters on the northeast side of Indianapolis is closing as a result of an office consolidation between the convenience store operator and another in North Carolina, both owned by Sun Capital Partners Inc. The merger of accounting and administrative functions will take Village Pantry CEO Mick Parker and at least nine other executives […]
Village Pantry’s headquarters on the northeast side of Indianapolis is closing as a result of an office consolidation between the convenience store operator and another in North Carolina, both owned by Sun Capital Partners Inc. The merger of accounting and administrative functions will take Village Pantry CEO Mick Parker and at least nine other executives […]
The Finish Line has ended an unsuccessful attempt to rebrand and revitalize its struggling Man Alive stores by agreeing to part with the 75-store clothing chain. Indianapolis-based Finish Line today announced that it would pay $7 million to Man Alive Acquisition LLC, which is controlled by Brooklyn-based Jimmy Jazz, to take Man Alive assets and […]
