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Simon Property Group today reported that funds from operations, a common measure of real estate investment trusts like the Indianapolis-based shopping mall giant, rose 7 percent in the first quarter. The $420 million amounted to $1.46 per share, slightly more than the $1.44 expected by analysts surveyed by Thomson Financial. Net income fell 10.7 percent, […]
Dow AgroSciences, the Indianapolis-based agricultural arm of Dow Chemical Co., saw profit leap to $331 million in the first quarter from $282 million a year earlier due to internal growth and acquisitions. Sales increased 27 percent, to $1.3 billion, on price increases averaging 11 percent across its global footprint, particularly in Europe and Latin America. […]
Brightpoint Great Britain Ltd., a unit of Plainfield-based Brightpoint Inc., has bought the wireless distribution business of Hugh Symons Group Ltd. for $586,000. Hugh Symons also will receive up to an additional $7.2 million if it reaches certain performance goals over the next three years. The acquisition gives Brightpoint a long-desired entry into the United Kingdom. […]
Truck trailer manufacturer Wabash National Corp. reported a $6.4 million loss in its first quarter, down from a $1 million profit a year earlier. The loss amounted to 21 cents a share, more than the 14-cent loss anticipated by analysts surveyed by Thomson Financial. New trailer sales plummeted 43 percent, to 6,300 units, in the […]
Profit at Indianapolis-based Interactive Intelligence Inc. fell 36 percent, to $1.1 million, in the first quarter due to timing of taxes on its earnings. However, the developer of business communications software saw operating income climb to $1.5 million in the quarter ended March 31 from $1.4 million a year earlier. The income was driven by […]
United States Cold Storage Inc., a Voorhees, N.J., company specializing in logistics for refrigerated and frozen food, is considering building a warehouse in Lebanon. The $50 million warehouse eventually could be as large as 423,000 square feet, according to The Lebanon Reporter. It would be built on 59 acres in Lebanon Business Park. Duke Realty […]
Indianapolis will lose one of its largest law firms May 1 when the Cincinnati-based Taft Stettinius & Hollister LLP absorbs Sommer Barnard PC. Neither firm would confirm or deny the deal, but several sources in the local legal community say the deal will be announced today. When reached by phone, Taft Stettinius Managing Partner Thomas […]
The signs of the 25-year-old RCA Dome are coming down next week. The building which helped lure the Indianapolis Colts here from Baltimore will follow.
The Indiana Stadium and Convention Building Authority this afternoon announced detailed plans for demolishing the RCA Dome…
Jeff Herrod said all it took was a head-first dive into freezing cold water to wake him up to the importance of the Special Olympics here in Indiana.
The Former Indianapolis Colts linebacker will host a silent auction…
Shares of Old National Bancorp shot up more than 8 percent this morning after the Evansville bank reported that first-quarter profit increased 81 percent. Old National said it earned $19.3 million, or 29 cents per share – more than double the 14 cents expected by analysts surveyed by Thomson Financial. The bank, which has several […]
I’m going to be out of town later this week, but that doesn’t mean you can’t be part of another IBJ Night at the Movies in my absence.
This time, it’s the critically praised documentary “Young @ Heart,” sneak previewing Thursday…
Details of a crucial aspect of the Lucas Oil Stadium-Convention Center project could be revealed today as city and stadium construction officials meet to discuss the project.
The construction timeline on the $10 million connector…
For me, it was a whirlwind of a weekend, especially if you start with Thursday (OK, so I’m still a college student at heart).
I started with a road trip to Louisville to catch the national tour of “Avenue Q,” found…
Chicago Sun-Times columnist Mark Brown suggested over the weekend that Barack Obama might fare better with
Indiana voters if Obama werenâ??t from Illinois.
Indiana folks think of Illinois â??as the land of hoods and thugs,â?? Brown said. Illinois people…
Buehler Foods, which operates 22 grocery stores in Indiana, Illinois and Kentucky, is being sold to Bowling Green, Ky.-based Houchens Industries Inc., according to the Evansville Courier & Press. Buehler Foods, a family owned business founded in Jasper in 1940, employs about 1,500 workers. All stores are expected to remain open and all employees will […]
Toledo, Ohio-based Heidtman Steel is shutting down a plant in Crawfordsville, displacing all 71 employees, reports the Journal Review. The plant, slated to close June 30, processes flat-rolled steel. The decision to close the plant is part of the company’s ongoing strategic evaluation to improve productivity, the Crawfordsville newspaper said. Heidtman has 16 plants in […]
United Way of Southwestern Indiana’s 2007 fund raising drive fell $500,000 short of the approximately $5.5 million it raised in 2006, according to the Evansville Courier & Press. As a result, the agencies’ 33 partners will see their United Way funding curtailed, although no existing programs will go unfunded. United Way cut a full-time position […]
About 20,000 historic properties were damaged in the storm, and Gay, executive director of Preservation Resource Center of New Orleans, has led the charge to save them. “We never felt like throwing up our hands,” Gay said. “We don’t do that.” The Preservation Resource Center contacted owners of the nearly 4,000 historic properties that were condemned after the hurricane. About 600 of them have been spared to date. The PRC also has been helping review the planned demolition of buildings…
As one of a few local developers that pursues both commercial and residential projects, Equicor Cos. quietly has built a portfolio of properties totaling more than $150 million. Among those under development is its most ambitious to date, Promenade of Noblesville, at State Road 32 and Little Chicago Road. The 153-acre mixeduse development features retail and office lots, as well as 280 homes. Yet, the 16-year-old north-side company has been absorbing its share of “bumps and bruises” as of late,…
Beyond his last name, little is known here about Indianapolis Colts Vice President of Football Operations Chris Polian–even
though it’s likely he represents the future of the franchise. In National Football League circles, Polian’s stock has skyrocketed
as league owners have realized there’s more to the 36-year-old than his famous last name.
