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New York-based Direct Brands Inc. announced yesterday it is closing distribution and support centers in Indianapolis, Terre Haute and South Carolina, eliminating 469 jobs. The company, formerly BMG Columbia House, will consolidate the operations into a Direct Brands facility in Pennsylvania by the end of the year. The move will involve 152 workers in Indianapolis, […]
Shoe Carnival Inc., plagued by declining sales and lower profit margins on merchandise, today reported fourth-quarter results that severely missed analyst expectations. The Evansville-based footwear retailer reported a $3 million loss, or 24 cents per share, for the fourth quarter ended Jan. 31 – down from a profit of $1.1 million, or 9 cents per […]
Even with talk of the demise of print journalism, many of us still turn to magazines not just for information, but for pleasure. After all, you don’t see any Kindles being sold at supermarket check-out lines.
And so while they don’t…
Last week, I offered tickets to see the April 24 one-night-only Patti LuPone concert at Clowes Memorial Hall. She’ll be performing her “Coulda, Woulda, Shoulda” show, which includes songs from shows she coulda, woulda and sometimes shoulda been a part of. In that spirit, I asked those who entered the contest to pick an actor […]
Some of the country’s largest insurers are starting to raise their voices in the debate over reworking the nation’s health care system, and their message is clear: They must play a role for it to work. WellPoint Inc. CEO Angela Braly on Tuesday told a Los Angeles forum the government and private industry need each […]
Butler University heads into the NCAA Men’s Basketball Tournament today as a top-10 university when it comes to graduating its student-athletes. The Institute for Diversity and Ethics in Sport at the University of Central Florida reports in its annual study that Butler is one of 10 universities in the 65-team tournament that graduates 90 percent […]
The CEO of Indianapolis-based Duke Realty Corp. took home roughly $4 million in total compensation in 2008, a year in which the company’s stock price plummeted 75 percent. Dennis D. Oklak, 55, received about $1 million more in 2008 than in 2007, the company reported this week in its annual proxy filing. The compensation consisted […]
An Indiana money manager accused of trying to fake his death in a plane crash has undergone a mental evaluation to determine whether he is competent to stand trial and is now in a Tallahassee correctional facility. A report on Marcus Schrenker’s competency was expected to be sent to a federal judge by today. Tallahassee […]
The mayor of beleaguered Elkhart had a simple message for Indiana Gov. Mitch Daniels yesterday: Send us stimulus money, and send it fast. Mayor Dick Moore hopes federal economic stimulus cash can revive the northern Indiana city, which has been hit hard by the collapse of the recreational vehicle industry and is struggling with an […]
A Hamilton County woman accused of swindling investors in a clean coal energy startup agreed today to an injunction that freezes her assets, including artwork by Pablo Picasso, jewelry and a luxury waterfront home. The agreement in Marion Superior Court makes permanent a temporary restraining order issued last week by Judge Patrick McCarty following a […]
Severe-weather sirens are sounding across the state today as part of Severe Weather Preparedness Week. The first test took place between 10 a.m. and 10:30 a.m., giving businesses and schools a chance to practice safety procedures. Families will have a chance to do the same when the sirens are tested again between 7 p.m. and […]
Police say a man held his 3-year-old son hostage for two hours last night. SWAT units were called to the 5900 block of Belford Court on the northwest side of Indianapolis about 10:30 p.m. Marvin Parish, 43, faces multiple charges, including criminal confinement. The incident involved a fight with the child’s mother.
Valero Energy will buy seven ethanol plants and a key development site in the Indiana city of Reynolds from VeraSun Energy for $477 million, the largest biofuel buyout ever in terms of production capacity. VeraSun, the country’s second largest ethanol producer, filed for Chapter 11 bankruptcy protection last October. VeraSun suspended construction of a 110-million-gallon-a-year […]
Investigators say they need help finding those responsible for a fire that destroyed the nearly completed Cosmopolitan on the Canal apartment complex. The U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives is offering a $9,000 reward for information leading to an arrest and conviction of the people involved in setting the blaze, which spread onto […]
ChaCha Search Inc. said yesterday that it has raised $12 million in equity financing, which will allow the Carmel company to ramp up its advertising sales and support its newly opened New York office. The company also disclosed that it had eliminated 25 jobs, shrinking its work force to 56. Several executives – including two […]
St. Louis-based Peabody Energy Corp. said yesterday it plans to develop an enormous coal mine in Sullivan County in eastern Indiana, creating 350 jobs.The largest surface mine in the eastern United States will be developed with the support of two long-term supply contracts worth nearly $6 billion in new revenue, the company said. Peabody estimates […]
Carmel-based software firm Information Systems Experts LLC plans to expand its operations and create up to 10 new positions, the firm announced this morning. The company said it would invest more than $287,000 to upgrade equipment at its 8,000-square-foot headquarters in Carmel. ISE received a $21,000 grant from the state’s Skills Enhancement Fund to train […]
