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One-time events caused Finish Master Inc. profit to rise to $5.3 million in the second quarter from $4.6 million a year earlier, the Indianapolis company reported yesterday. However, the improvement was driven by proceeds from a lawsuit settlement and a non-recurring charge from the second quarter of 2007. Not taking those one-time changes into consideration, […]
Two things are clear from reader feedback I’ve been getting this week about two stories I wrote for this week’s print edition of the Indianapolis Business Journal. First, fans of WNDE-AM 1260 are much more vocal than those of WFNI-AM…
Bad news for one of Lilly’s up-and-coming drugs. The Food and Drug Administration warned health professionals today that the diabetes drug Byetta might be linked to six cases of severe inflammation of the pancreas, or pancreatitis, according to MarketWatch. All six patients were hospitalized and two died. The FDA advised doctors to discontinue Byetta promptly […]
It just keeps getting better for the Indianapolis Indians this season. With attendance already on its way to eclipsing last season’s total of 586,785, the Tribe is getting a boost from two special…
Locally based Duke Realty Corp. is leaving the retail real estate business to focus on its bread-and-butter industrial, office and health care developments. The move will eliminate about six jobs, said company spokesman Joel Reuter. The company’s retail properties represent only about 1.5 percent of its nationwide portfolio, but it has worked on some high-profile […]
Delphi Corp. said today that it will lay off 600 salaried employees in its Electronics & Safety Division as part of an effort to cut costs by 25 percent. It said the layoffs will fall heaviest on its Kokomo operations, where about 2,500 of the division’s 3,340 salaried employees are based. Though three out of […]
UPDATE: The Metropolitan Development Commission overturned the billboard approval, and the city now is looking into whether the existing sign is legal.
The city’s planning staff is challenging a Board of Zoning…
Some of the people most familiar with the mortgage foreclosure explosion in the Indianapolis area in recent
years have privately pointed fingers at appraisers.
Appraisers too often were in cahoots with lenders to illegally inflate prices of houses, the insiders complained,…
Officials of the Indianapolis Colts and Indiana Farm Bureau Insurance today announced that they have agreed to a multi-year deal to put the insurer’s name on the team’s 56th Street training complex. Terms were not released, but the Colts signed a similar deal in 2000 with Union Federal Bank that team sources said at the […]
The Indianapolis Colts sell sponsorships like Peyton Manning throws touchdown passes. A lot of the credit goes to the team’s former sales and marketing boss Ray Compton, who sold everything imaginable…
In putting together this year’s IBJ A&E Season Preview (coming soon to your favorite business paper), I saw a mini-trend emerging.
It starts Aug. 28-29 with “Classical Mystery Tour,” a visit from a quartet of Liverpoolian-look-and-sing-alikes at Conner Prairie.
That same…
Delphi Corp. plans meetings today with salaried workers at the company’s Electronics & Safety Division in Kokomo – meetings that employees fear will precede massive layoffs. Rumors of sweeping layoffs are unfounded, a Delphi spokesman told the The Kokomo Tribune. The Troy, Mich., auto parts maker learned Friday that that it must shift $1.5 billion […]
Lafayette-area leaders anticipate meeting soon with Eli Lilly and Co. officials to try to play a role in the Indianapolis-based drug giant’s plans for the 54-year-old Tippecanoe Laboratories, according to The Journal & Courier of Lafayette. Lilly said July 30 that an announcement on the future of the plant would be forthcoming within a year. […]
Spotlight on Hendricks County Named for William Hendricks, governor of Indiana 1822-1825 5 LARGEST CITIES/TOWNS Population Plainfield ……………………………………24,734 Brownsburg ………………………………..18,850 Avon …………………………………………..9,847 Danville ……………………………………….7,827 Pittsboro ……………………………………..2,386 5 LARGEST EMPLOYERS employees(1) Redcats USA (Brylane Home) …………2,300 Hendricks Regional Health……………….1,350 Q-Edge /Foxconn …………………………..1,200 Duke Energy………………………………….1,000 Brightpoint……………………………………….936 COUNTY MSA(2) Population 134,558 1,695,037 Median age 35.7 35.6 Households 51,269 […]
HAMILTON COUNTY Software sales company plans growth streak in Carmel Carmel-based Sales Diesel LLC plans to add at least 50 employees and expand into much larger offices before the end of the year. Founded only a year ago, the company provides sales analysis, lead generation and sales processes for companies that sell software and technology […]
HANCOCK COUNTY Stink over sewer/water billing The Indiana Office of Utility Consumer Counselor on July 11 filed a complaint against the Sugar Creek Utility Co. Inc. over rates and billing practices for water and sewer service. The utility serves Riley Village, an 84-lot manufactured housing community in Greenfield, and Heartland Resort, a 280-site camping park […]
MORGAN COUNTY Hospital could get makeover at cost of up to $50 million Morgan Hospital and Medical Center is planning an expansion that could cost up to $50 million, and it hopes to break ground by mid-2009, the Martinsville Reporter-Times reports. The plans call for a four-story complex to replace 72 semi-private patient rooms with […]
BOONE COUNTY Developer pitches apartments in Zionsville technology park A local developer wants to build a 224-unit apartment complex in Zionsville’s Bennett Technology Park, but first must clear zoning hurdles relating to a taxincrement financing district. Locally based Anderson Birkla Investment Partners LLC wants to build the Lofts at Bennett Park on about 12 acres […]
JOHNSON COUNTY High gas prices lift bus use by more than 20 percent Access Johnson County, the county’s bus system, has experienced record ridership levels this year. In April alone, the mass transit system sold 7,163 rides-that’s nearly 1,000 more than during the same period a year ago. Overall, rider numbers are up more than […]
Small towns with a heart Spurning sprawl, more towns upbeat on downtown From Andy Griffith’s Mayberry, the small town evolved into the likes of Avon, Ind. The tree-shaded bungalow on Oak Street within walking distance of the town center became the vinyl-clad, single-family home planted in a former cornfield with a contrived name ending in […]
