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Carmel-based Allied Solutions LLC, which sells insurance, lending and market products to financial institutions, said today it has acquired a similar company headquartered in Kansas City, Mo., for an undisclosed price. The Kansas City company, MJB Insurance Services Inc., operates in Kansas, Missouri and Nebraska. MJB owner Mike Button is remaining with Allied Solutions as […]
Weir Cook has been dead a long time, since 1943, but a military veterans group wants to bring his name
back to what is now Indianapolis International Airport.
The war heroâ??s name was on the airport from 1944, a…
A couple of development projects that would include tax abatements are up for hearings Wednesday at the Metropolitan Development Commission:
Community Hospital of Indiana Inc. plans to spend $3.7 million updating and expanding…
A private equity firm has bought the coupon redemption operations of Bloomington-based International Outsourcing Services for undisclosed terms. Los Angeles-based Marlin Equity Partners announced today it has formed a company, ProLogic Redemption Solutions, that will help retailers recover the value of coupons used in stores. Marlin said the new company’s headquarters will be in Los […]
HHGregg Inc. said today that a 24-percent increase in net profit in its fourth fiscal quarter was driven by rising sales of big flat-screen televisions, high-end washing machines and refrigerators, and notebook computers. The Indianapolis-based appliance and electronics retailer reported a $10.3 million profit in the quarter ended March 31 on sales of $324.2 million, […]
Want to join IBJ for a screening of the new comedy “Get Smart,” starring Steve Carell and Anne Hathaway?
It’s happening June 17 at AMC College Park
For a pair of tickets, just take both of the following steps:
1. Post a comment…
Sarah Fisher is speeding ahead with plans to do at least two more Indy Racing League races this season. Despite the defection of two main sponsors and a crash at last month’s Indianapolis 500, Fisher still thinks her team will…
The sluggish economy has prompted businesses to pull back on hiring, but units of local government keep adding workers as if nothing has changed. In the Indianapolis area in April, local governments employed 2,200 more workers than the same month last year, according to the Indiana Department of Workforce Development. The growth to 79,100 workers […]
A new electronic casino opens for business at Hoosier Park in Anderson today, and another at Indiana Downs in Shelbyville is set to open next week. The…
Philip Boberschmidt of the downtown law firm of Boberschmidt and Powers has
been appointed trustee to oversee liquidation of Premier Properties USA – a task that begins today.
The Sharper Image Corp. store at the Fashion Mall at Keystone at the Crossing will close. The bankrupt company announced Sunday that it will shutter all of its remaining stores. Eighty-six stores will be liquidated. The company liquidated 96 of its stores following its February bankruptcy, which was blamed on a slow economy and tight […]
The Indy Racing League is continuing its popularity growth.
After a strong month of May in Indianapolis, the IRL saw a 30 percent attendance increase at its race yesterday in Milwaukee, to just more than 30,000.
While…
I wish I had more to report from the weekend, but I was under the weather and didn’t get to take advantage of Indy’s offerings.
If nothing else, I had hoped to get out to The Jazz Kitchen for Sunday night’s…
Indianapolis-based Fortune Industries Inc. has closed on a $32 million line of credit with the company’s majority shareholder, Carter Fortune. The credit line replaces one with Fifth Third Bank and is secured by most of the company’s assets. John Fisbeck, the company’s CEO, will personally guarantee up to half of the credit line. The company […]
It seems like more people are driving below the speed limit now that gas has become expensive.
Particularly on interstates, it isnâ??t uncommon to come upon congestion only to realize that somebody, for
no apparent reason, is puttering along and holding…
Sluggish demand for Dodge Ram pickup trucks has prompted Cummins Inc. to announce plans to lay off 125 workers at its diesel engine plant in Walesboro, just south of Columbus, from June 8 to mid-August. Rising fuel prices are hurting Ram sales. In October, the Columbus-based diesel engine maker ended contracts with 90 temporary workers […]
From all the noise surrounding gasoline prices, you’d think nobody actually benefited from the high prices. But, of course, some folks do benefit. Let’s figure out who they might be. Obviously, consumers don’t benefit. The average car owner in the United States pays about $80 more per month with gas at $4 per gallon than he did back when it was $2.25. Not good news, of course, but hardly the end of the world. Folks who provide goods and services…
Indiana University and the city of Bloomington are at odds over how best to commercialize the university’s discoveries–or,
more specifically, where to commercialize them.
Last September, I instructed my retirement plan to purchase two of the very expensive Berkshire Hathaway (A) shares so I could attend the annual meeting of shareholders and participate in the numerous peripheral activities. Actually, I could have purchased just one share of the B stock for much less and still have been entitled to four credentials. Warren Buffett, one of the richest men in the world, and his partner, Charlie Munger, are retail hucksters. They have created the perception…
A locally based property management firm is struggling to find a buyer for its downtown apartment complexes, even as the city’s
rental market continues to thrive. The privately owned Zender Family Limited Partnership, which was founded 38 years ago,
placed its 18-property apartment portfolio up for sale in November.
