Indianapolis-based Indiana Supply Corp., a distributor of heating and air-conditioning equipment, has been acquired by Gustave A. Larson Co. of Pewaukee, Wis. Terms of the deal, which closed April 24, were not disclosed. Indiana Supply, based in an 85,000-square-foot facility at 3835 E. 21st St., has branches in Fort Wayne and South Bend. The company, […]
First Internet Bancorp, the parent of First Internet Bank of Indiana, today reported its first quarterly loss in eight years as borrowers continue to struggle to repay their loans. The Indianapolis-based bank posted a loss of $209,445 in the first quarter, compared with profit of $369,939 in the same quarter a year ago. Revenue increased […]
First Internet Bancorp, the parent of First Internet Bank of Indiana, today reported its first quarterly loss in eight years as borrowers continue to struggle to repay their loans. The Indianapolis-based bank posted a loss of $209,445 in the first quarter, compared with profit of $369,939 in the same quarter a year ago. Revenue increased […]
First quarter profit for Old National Bancorp fell 51 percent from the same period a year ago, but the company still managed to exceed analysts’ expectations. The Evansville-based parent of Old National Bank this morning announced profit of $9.4 million, or 8 cents per share – beating analysts’ estimates by 2 cents. Revenue of $107.2 […]
First quarter profit for Old National Bancorp fell 51 percent from the same period a year ago, but the company still managed to exceed analysts’ expectations. The Evansville-based parent of Old National Bank this morning announced profit of $9.4 million, or 8 cents per share – beating analysts’ estimates by 2 cents. Revenue of $107.2 […]
Familiarity with a foreign culture and its traditions can mean the difference between success and failure, or at least avoiding embarrassment.
The Nature Conservancy’s Indiana chapter is set to break ground on its new, $4.4 million headquarters in downtown Indianapolis, even though a large amount of the money still needs to be raised from donors. A “significant” contribution from the Efroymson Family Fund is enough to begin construction of the building, which will be called the […]
The Nature Conservancy’s Indiana chapter is set to break ground on its new, $4.4 million headquarters, even though a large amount of the money still needs to be raised from donors. A “significant” contribution from the Efroymson Family Fund is enough to begin construction of the building, which will be called the Efroymson Conservation Center, […]
Organizers expect about 8,000 people to protest excessive government spending tomorrow at the Indiana Statehouse. The local “tea party” event, scheduled to coincide with the April 15 deadline to file tax returns, will be held along with hundreds of others across the country. Protestors are organizing tea parties in roughly 600 locations in all 50 […]
Mayor’s CIB plan leaves food-beverage tax alone Scott Olsonsolson@IBJ.comIndianapolis Mayor Greg Ballard’s plan to rescue the city’s Capital Improvement Board from an approaching $47 million budget deficit wouldn’t raise the local food-and-beverage tax, but it would increase several others already targeted in a bill moving through the state Legislature. The mayor appeared at the monthly […]
Mayor Greg Ballard will announce his proposals to resolve the Capital Improvement Board’s financial problems at its monthly meeting this afternoon. The mayor will endorse some of the solutions favored by state legislators as well as introduce his own recommendations, Robert Vane, spokesman for the mayor, told IBJ this morning. Senate Appropriations Chairman Luke Kenley […]
Indiana and Purdue universities are well-positioned to take advantage of the $11.5 billion available for life sciences and
biotech research from the federal stimulus package.
For more on the role a new downtown hotel will play in CIB’s rescue plan, see Peter Schnitzler’s story in this weekend’s IBJ. The Indianapolis Capital Improvement Board’s finance committee yesterday afternoon recommended slashing an additional $1.1 million from the organization’s budget in an ongoing quest to eliminate an expected $47 million shortfall. The CIB’s […]
The Steak n Shake Co. could be in for a grilling in federal court. Miami-based Burger King Corp. alleges the Indianapolis restaurant chain is infringing upon its trademarks and has sued the company in Florida. The lawsuit filed late last month claims Steak n Shake’s name for slider-style hamburgers, Steakburger Shots, is “confusingly similar” to […]
The Steak n Shake Co. could be in for a grilling in federal court. Miami-based Burger King Corp. alleges the Indianapolis restaurant chain is infringing upon its trademarks and has sued the company in Florida. The lawsuit filed late last month claims Steak n Shake’s name for slider-style hamburgers, Steakburger Shots, is “confusingly similar” to […]
A Franklin automotive supplier bruised by lagging sales plans to halt production in two months, putting 87 employees out of work. Mitsubishi Heavy Industries Climate Control said in a state filing today that it will stop making automotive air conditioning parts June 7 and will not resume production until demand picks up. The subsidiary of […]
Subsidiaries of Toyota Group plan to invest $14.2 million to build a plant in Franklin that would supply the automotive industry with plastic parts. Premium Composite Technology North America is expected to employ 37 workers and begin operations in the spring of 2010. Franklin Mayor Fred Paris welcomed the announcement, citing the roughly $20-an-hour wage […]
Indiana lawmakers are considering legislation to create a network that would coordinate hospital trauma programs and bring
the centers to underserved cities and rural areas.
Doug Stratton, executive director of the Indiana Comprehensive Health Insurance Association, slashes costs, pushes disease
control to keep prices as low as possible.
Local merchandiser MainGate Inc. announced plans yesterday to expand its west-side headquarters and production operations, which should create 75 jobs by 2013. The company, which primarily provides marketing and merchandising services to clients in the motorsports industry, said it would invest more than $3.6 million to expand its production and office facility from 106,000 square […]
