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Continued declines in steel prices led Fort Wayne-based Steel Dynamics Inc. to report today a first-quarter loss of $88 million, or 48 cents a share, compared with a profit of $143 million in the same period a year earlier. The loss exceeded analysts’ expectations of 43 cents per share. Revenue of $815 million was 57 […]
PNC Financial Services Group Inc. this morning reported first-quarter profit more than double analysts’ expectations. The Pittsburgh-based bank reported earnings of $530 million, or $1.03 per share, on $3.9 billion in revenue. It was the second-highest profit in PNC’s history and exceeded last year’s first quarter by 38 percent. On average, analysts surveyed by Thomson […]
A union official said about 100 workers have been laid off from a central Indiana auto-parts plant over the last two weeks. International Brotherhood of Electrical Workers steward Patrick Owens said Emcon Technologies is laying off workers at the Columbus plant because of a slowdown as it awaits new business from Cummins Inc. and Volkswagen. […]
Indy Racing League driver Danica Patrick is ready for take off. Patrick will be unveiling her new Motorola sponsored Indy car at the Indianapolis International Airport May 1. The car will have a…
The mayor of Westfield hopes to build a youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities and fields for baseball, soccer,…
The mayor of Westfield announced plans this morning to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, softball and lacrosse. The sports facilities would anchor a 1,500-acre development by locally based Estridge Co. along Towne Road between 146th and 161st streets.
The mayor of Westfield announced plans this morning to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, softball and lacrosse. The sports facilities would anchor a 1,500-acre development by locally based Estridge Co. along Towne Road between 146th and 161st streets. The […]
First-quarter profit at Zimmer Holdings Inc. dropped 16 percent, but came in slightly ahead of analysts’ expectations. The Warsaw-based maker of orthopedic implants this morning announced earnings of $202 million, or 91 cents per share, for the three months ended March 31. In the same period last year, Zimmer earned $1.02 per share. Excluding extraordinary […]
In the mood for a free chick flick? Want to join us for a screening of the upcoming romantic comedy “Ghosts of Girlfriends Past” April 29 at AMC Castleton?
Just leave a comment here…
Indiana lawmakers on a legislative panel said yesterday they are confident they can reach a compromise on a new state budget, but key differences remain in plans backed by House Democrats and Senate Republicans. A House-Senate conference committee discussed its proposals publicly, a week before the April 29 deadline for the legislative session to end. […]
Contest resultsLast week, I made a not-influencing-the-results request for you to send along your favorite kid joke with your entry into our contest to win tickets to see ComedySportz and ComedySportz 4 Kidz. For more info on the shows, click here. Here are some of your responses: What do you call a frog with no […]
ITT Educational Services Inc. hurdled over analysts’ estimates with its first-quarter profit and raised its 2009 profit forecast by 50 cents per share, the company announced this morning. The Carmel-based operator of career and technical schools boosted profits 45 percent, to nearly $62 million, in the three months ended March 31, compared with the same […]
A federal judge in Indianapolis blocked today’s planned launch of a generic version of Evista, an osteoporosis and breast cancer drug made by Indianapolis-based Eli Lilly and Co. Sarah Evans Barker granted Lilly a preliminary injunction against Israel-based Teva Pharmaceuticals Industries Ltd. In March, Teva said it would wait until April 23 to launch its […]
General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles, three people briefed on the plan said yesterday. Thousands of GM workers could learn about the decision as early as today. The exact dates of […]
Not-for-profit Storytelling Arts of Indiana has canceled its long-running fall festival this year because it anticipates large cuts in city and state grant funding, it announced today. What would have been the 22nd annual Hoosier Storytelling Festival was planned for Sept. 24-26 in Military Park in Indianapolis. The event typically draws 4,000 attendees, including 3,000 […]
Casinos would be the only public indoor places in Indiana where smokers could light up if a legislator can win passage of a statewide smoking-ban law. Rep. Charlie Brown (D-Gary) wants to amend another one of his bills to include the ban on smoking in most public indoor places. He said today that he’s willing […]
You might think people would be hankering to buy businesses, what with the frail economy tripping trap doors
beneath more and more jobs.
Not so, says the managing partner of the stateâ??s largest business brokerage.
Ed Mysogland says the Web site for…
I’m not sure what it has to do with sports, but ESPN columnist Rick Reilly delves into the business of a locally run Internet search engine in his most recent column. While the…
