To refine your search through our archives use our Advanced Search
Shares of Kite Realty Group Trust dropped in after-hours trading yesterday after the Indianapolis-based real estate investment trust said it expects 2009 funds from operations between 65 cents to 72 cents per share, which is below its prior guidance. On May 7, the company had forecast funds from operations between 83 cents and 93 cents […]
Fort Wayne-based scrap-metal processor OmniSource Corp. has cut 209 jobs, including 135 at its hometown operations. The company employs almost 2,600 people, including nearly 2,000 in Indiana, Ohio and Michigan. OmniSource chief operating officer Mark Millett said the cuts announced yesterday followed a “comprehensive review” of the company’s operation. He said some work is now […]
In an average year, southwestern-Illinois farmer Richard Borgsmiller would have his 300-acre corn crop in the ground. This isn’t an average year. Like farmers across the eastern Corn Belt, Borgsmiller has not even started planting thanks to a wet spring. He’s stuck waiting for a rain-free window long enough to dry out his land near […]
The Indianapolis Housing Agency has selected Flaherty & Collins Properties to lead an effort to develop land that surrounds two downtown public housing towers. The group’s board picked the locally based developer from five contenders at a meeting yesterday afternoon. The parties still must negotiate a development agreement with details, including the price for three […]
The Indianapolis Housing Agency has selected Flaherty & Collins Properties to lead an effort to develop land that surrounds two downtown public housing towers. The group’s board picked the locally based developer from five contenders at a meeting this afternoon. The parties still must negotiate a development agreement with details, including the price for three […]
The city of Indianapolis has selected seven local organizations to help launch neighborhood revitalization projects funded by $29 million in federal money, the city announced today. Normal 0 false false false MicrosoftInternetExplorer4 Federal lawmakers approved the funds late last year to help neighborhoods recover from the effects of widespread foreclosures. The city’s Redevelopment Planning Council […]
Normal 0 false false false MicrosoftInternetExplorer4 Indiana‘s State Budget Committee has ordered a new revenue forecast it hopes will paint a more accurate picture of state finances before lawmakers meet for a special budget-writing legislative session. Republican Sen. Luke Kenley of Noblesville said a committee will examine recent revenue projections and actual tax collections to […]
Conseco Inc. shareholders have expressed their dissatisfaction with the company’s recent performance by electing a dissident shareholder to the board of directors. Keith Long, a vocal critic of the company’s board, won a majority of votes cast, according to preliminary results announced this morning at Conseco’s annual meeting in Carmel. Exact vote totals were not […]
Central Indiana home sales continue to lag last year’s pace, but the inventory of available houses is beginning to slip, according to the latest residential real estate report from Indianapolis-based Landrigan & Co. Realtors. According to the report, which uses figures from the Metropolitan Indianapolis Board of Realtors, 1,848 homes were sold in April in […]
Illinois-based Allstate Insurance Co. is working to recruit 55 new agency owners in Indiana by the end of 2010, the company said yesterday. If successful, the recruitment push would boost Allstate’s Hoosier agent force by 25 percent, to 273. Allstate agents sell automobile, homeowners and other kinds of property insurance, as well as various financial […]
Military officials have not released the identities of five soldiers killed by an Army sergeant yesterday in Iraq, but two of the dead were officers from the Indianapolis-based U.S. Army Reserve 55th Medical Co., according to the Associated Press. The suspected shooter was a patient at a combat stress treatment center at Camp Liberty near […]
A story in Friday’s IBJ Daily quoted Mike Renninger, principal of Carmel-based consultancy Renninger & Associates, as saying he doesn’t foresee any bank acquisitions this year resulting from the stress tests. What it should have said is that larger, regional banks in Indianapolis likely won’t be a target.
Police in Lawrence Township are looking for the person or persons who broke into Skiles Test Elementary School early yesterday morning, vandalizing the building and ransacking dozens of classrooms. Police think the vandals were looking for small electronics or cash to steal. The school is in session today.
Noble Roman’s Inc. yesterday reported profit of $416,761, or 2 cents a share, in the first quarter, a 30-percent increase over the same period a year ago. The Indianapolis based franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs saw quarterly revenue slip to $1.9 million, down 20 percent from last year. Noble Roman’s […]
Health and safety officials released a new opinion poll this morning during a news conference at City Market showing support for a smoking ban in Marion County. The findings came from the Survey Research Center at IUPUI. The proposed ban would prohibit smoking in any workplace, including bars and bowling alleys.
Normal 0 false false false MicrosoftInternetExplorer4 Central Indiana home sales continue to lag last year’s pace, but the inventory of available houses is beginning to slip, according to the latest residential real estate report from Indianapolis-based Landrigan & Co. Realtors. According to the report, which uses figures from the Metropolitan Indianapolis Board of Realtors, […]
Delphi Corp. announced yesterday that 200 workers have been put out of work at its electronics and safety plant in Kokomo, the Kokomo Tribune reported. Auto-parts maker Delphi, the city’s second-largest employer, told the newspaper that 120 workers have been laid off indefinitely while 80 have been terminated. The company expects even more layoffs through […]
Ener1 Inc., the New York parent of fledgling Indianapolis-based advanced battery developer EnerDel, yesterday reported higher revenue and a lower loss in the first quarter compared with the same period a year ago. The company lost $7.2 million, or 6 cents a share, down from $13.1 million, or 15 cents a share, the previous year. […]
Icon Metal Forming LLC in Corydon notified the Indiana Department of Workforce Development yesterday that it is cutting 140 jobs at its automotive stamping plant. Icon, a division of Ontario-based Martinrea International Inc., blamed the cuts on the temporary shutdown of General Motors Corp. The cuts began May 6 and will be completed by […]
Swine flu dominated the news a couple of weeks ago as the virus spread out of Mexico and ultimately to
more than 30 countries. Indiana now has 22 cases.
However, once it became apparent the flu wouldnâ??t turn into a full-blown…
