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Quadraspec Inc. has snagged another $2.5 million in capital that the West Lafayette-based company hopes will carry it to the point of launching its diagnostic products for human use. Indianapolis-based Clarian Health Ventures led the funding round, contributing more than $625,000. Three other firms also joined in, including Michigan-based EDF Ventures, Carmel-based Spring Mill Venture […]
Small, fuel-efficient cars are in and big, thirsty vehicles are out. But as consumers try to save money
on gas, their odds of getting hurt increase, the Insurance Research Council warned today.
The Pennsylvania organization, which researches the property and casualty…
Officials for the Indy Racing League are probably happy the Olympics happen only once every four years. This year’s games in Beijing, IRL officials said, have done a number on their TV viewership lately.
The IRL’s Aug. 24 race in Sonoma…
Impact Racing LLC, which manufactures fire suits, helmets and other racing gear, plans to expand by building a plant in Clermont, the Indiana Economic Development Corp. said today. The $3.7 million, 20,000-square-foot expansion is expected to result in hiring 100 workers in addition to the 120 currently on the company’s roster. Indianapolis-based Impact Racing received […]
Hurco Cos. Inc. reported today that profit in its third fiscal quarter increased 13 percent, to $5.8 million, from the same period a year earlier. The Indianapolis-based maker of machine tools said the jump in the period ended July 31 was driven by sales and service fees in Europe and Asia. Sales were particularly strong […]
A brief review I posted here on Friday of the IndyFringe show “Peace on Terror” has generated some intense reaction. See the post and ongoing comments here. The conversation, led by someone involved in the show, has spilled over…
Let’s start with some real estate news from this week’s IBJ in print:
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known…
Indiana law doesn’t allow collecting interest on Worker’s Compensation benefits, including past-due medical bills, the Indiana Supreme Court said today. The ruling upheld a 2006 decision by the Indiana Workers’ Compensation Board. The board denied a request by a dentist who wanted to charge interest on past-due medical bills incurred by treating a patient who […]
A $100,000 grant from Lilly Endowment is intended to help the Athenaeum raise funds to continue restoration of the downtown landmark. The Athenaeum Foundation said yesterday that the grant will support a development director for two years as the foundation looks to projects that range from tuck-pointing bricks, at a potential cost of $250,000, to […]
Indy Racing League officials are unveiling a new communications system using Bluetooth technology that will beam audio messages straight into the wireless telephone earpieces of fans attending their races.
Fans at the track will…
Record flooding on June 7 has claimed a downtown Columbus furniture and interior business. Montage Furniture & Design will close after 16 years in business, The Republic newspaper of Columbus reported. More than $100,000 of merchandise was lost when flood waters hit a Montage warehouse. Montage, owned by Trent and Cinde Wirth, will close in […]
Five years after its launch, the Noblesville Daily Times will stop publishing at the end of the week, the newspaper said today on its Web site. “It’s a tough economy, it’s a competitive market, and it’s a tough time for newspapers in general,” Publisher Michael Corbett said in an online story. “All newspapers are wrestling […]
The Indianapolis private-equity firm Hammond Kennedy Whitney & Co. Inc. has financed the recapitalization of Crane Rental Corp. of Orlando, Fla. Hammond Kennedy partner Jim Snyder said the value of the deal was more than $60 million, and involved the existing president of the family-owned company remaining in the post and holding a minority equity […]
Believe it or not, there are a few people who actually don’t know anything about Peyton Manning. They wouldn’t know him if they saw him drinking Gatorade, and they wouldn’t know him with or without a fake mustache. They wouldn’t…
The down economy hasnâ??t exactly been a gift to not-for-profits, but at least one is actually doing better.
Habitat for Humanity of Greater Indianapolis plans to build 22 houses this year, a couple of units more
than last year.
With dollar donations…
Indianapolis-based Celadon Trucking said it will help Farmington, N.Y.-based Priority America wind down its over-the-road trucking operations, but did not disclose the value of the agreement. Celadon will handle some of Priority America’s customer loads and assist a lender retrieve tractors and trailers and collect accounts receivable. However, Celadon will not buy assets of the […]
Fourteen thousand members of the United Steelworkers union are being asked to vote today to permit a strike against domestic plants operated by ArcelorMittal, a Luxembourg-based steel giant. In Indiana, ArcelorMittal has plants in Burns Harbor, East Chicago and New Carlisle. About half of the company’s 14,000 U.S. union employees are in the Indiana plants, […]
Officials for local cable television provider Bright House Networks said they expect to finalize a deal later this week to carry Big Ten Network programming. A deal would make Big Ten sports programs available to 120,000 households in central Indiana that don’t have access to the network. Comcast, the other major cable provider in the […]
Layoffs announced last week by The Indianapolis Star violated a contract with the Indianapolis Newspaper Guild, the guild alleged in a grievance filed yesterday Five of the seven newsroom staff who were laid off lost their jobs without consideration of their seniority, the guild claimed. The other two were managers, thus were not covered by […]
This yearâ??s SAT scores are out, and there isnâ??t much to cheer about. Indiana saw math scores improve slightly,
but reading and writing scores dropped a few points. All three remain below national averages.
Educators say the tests are…
