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IndyStar.com: Business

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Ted Evanoff

EnerDel to research batteries for Army hybrids

Indianapolis battery maker EnerDel has landed a $1.29 million contract for research on high-tech batteries capable of powering future hybrid trucks for the U.S. Army. The Army has no hybrid truck in regular use now and has been looking for a...

Ted Evanoff, on Nov 07, 2009 at 12:00 AM in Business

Medical company could add 100 jobs

Two years after its precision machining operation was brought in from the Silicon Valley, Beckman Coulter has begun moving a related plastic injections molding unit to Indianapolis from California. Bringing in the molding business and a related...

Ted Evanoff, on Nov 07, 2009 at 12:00 AM in Business
indystar

Unemployment now in double digits

Figures lead to question: How can you have a recovery without jobs? The nation’s unemployment rate has hit double digits for the first time since 1983 — and is likely to go higher. The 10.2 percent jobless rate for October shows the...

indystar, on Nov 07, 2009 at 12:00 AM in Business
Tom Spalding

TV buyers are going with smaller screens to save money

Television set sellers Best Buy and hhgregg say bargain-hunters have started a trend. They’re buying smaller screens to save a few hundred bucks. In quarterly reports, Indianapolis-based hhgregg and Minneapolis-based Best Buy noted drops in the...

Tom Spalding, on Nov 07, 2009 at 12:00 AM in Business
indystar

Conseco: 3 good ones in a row

Carmel — Insurer Conseco reported its third consecutive profitable quarter this week. The third quarter generated $15.4 million in income, CEO Jim Prieur said in a statement. Income per diluted share for the quarter of August, September and...

indystar, on Nov 07, 2009 at 12:00 AM in Business
indystar

Republic's profit plunges

Indianapolis — Republic Airways reported a smaller third-quarter profit this week, despite the addition of Midwest Airlines. Indianapolis-based Republic reported earnings of $3.3 million, or 9 cents per share, an 80 percent drop from $17...

indystar, on Nov 07, 2009 at 12:00 AM in Business
indystar

FinishMaster earnings fall 38%

Indianapolis — Downtown-based FinishMaster, a national distributor of paints, coatings and accessories for automotive collision repair, has reported it earned $2.9 million, or 38 cents per share, during its third quarter. The quarter’s...

indystar, on Nov 07, 2009 at 12:00 AM in Business
indystar

Kite sees Q3 net loss of $3.4M after income of $2.9M in 2008

Indianapolis — Downtown-based Kite Realty said it recorded a net loss of $3.4 million for the third quarter, compared with net income of $2.9 million a year ago. The real estate trust cited lower construction activity, lower gains from sales of...

indystar, on Nov 07, 2009 at 12:00 AM in Business
indystar

The Fast Track

On the Move Name: Matt Randall. New post: Manager of legislative advocacy for the Indiana Statewide Association of Rural Electric Cooperatives. Previous position: Legislative assistant for the Indiana House Democratic caucus. Experience: Randall...

indystar, on Nov 07, 2009 at 12:00 AM in Business

Droid sales draw steady crowd to Indianapolis Verizon stores

The launch of the Droid drew a mixed but steady crowd to 10 Indianapolis-area Verizon stores. The stores, including 6633 E. 82nd St. in Castleton, opened at 7 a.m. today to give customers the earliest opportunity to purchase the Android smart phone...

Tom Spalding, on Nov 06, 2009 at 1:10 PM in Business
Tom Spalding

Jobs announcement in Indianapolis today at site of Beckman Coulter

Executives of an Indianapolis Northwestside life sciences firm are bringing in new jobs. The company plans an announcement at 4 p.m. today that will feature Gov. Mitch Daniels and Indianapolis Mayor Greg Ballard. The location, 7451 Winton Drive, is...

Tom Spalding, on Nov 06, 2009 at 11:33 AM in Business
Tom Spalding

Ball State University study: Holiday shopping to drop about 1%

Total sales during the holiday shopping season are projected to fall about 1 percent over last year, even if discount stores offer deep price cuts, says a new national study by Ball State University. That drop would mean retailers are facing the...

Tom Spalding, on Nov 06, 2009 at 8:00 AM in Business
Tom Spalding

Indianapolis Kite Realty Group sees 3Q net loss

Downtown Indianapolis-based Kite Realty said it recorded a net loss of $3.4 million for the third quarter, compared to net income of $2.9 million in the prior year. The real estate trust cited lower construction activity, lower gains from sales of...

Tom Spalding, on Nov 06, 2009 at 7:48 AM in Business
Erika Smith

Conseco has been a real boon for Downtown businesses

Restaurants, bars score on assist from Conseco You’d never know it today, but 10 years ago, before the neon-trimmed bars, before the valet parking, before the families toting Indiana Pacers memorabilia across Pennsylvania Street, the south end...

Erika Smith, on Nov 06, 2009 at 12:00 AM in Business

Angie's gets into classic cars

Consumer list wants reviews of businesses servicing old autos Angie’s List sees an open road ahead when it comes to providing its customers with ratings on classic and custom cars. Today, the Indianapolis-based consumer ratings service will...

Daniel Lee, on Nov 06, 2009 at 12:00 AM in Business
Ted Evanoff

Harley-Davidson nixes Shelby County site

Local officials had high hopes for 2,000-employee motorcycle plant Harley-Davidson has ruled out suburban Indianapolis as a possible site for a 2,000-employee motorcycle plant. The Milwaukee-based manufacturer disclosed Wednesday it would keep open...

Ted Evanoff, on Nov 06, 2009 at 12:00 AM in Business
indystar

Indiana AIDS infection rate higher among blacks in 2008

State officials are urging black residents and other minorities to learn more about HIV and AIDS and get tested for the virus. The state Department of Health, the Indiana Family and Social Services Administration and the Indiana Minority Health...

indystar, on Nov 05, 2009 at 12:37 PM in Business
indystar

Meijer enters holiday toy-pricing war

GRAND RAPIDS, Mich. — There are sales and then there are price cuts. Meijer says it is offering more of each this holiday season. And in doing so, the Midwest retailer plans to hold its own against the country’s biggest retailers, Wal-Mart and...

indystar, on Nov 05, 2009 at 12:08 PM in Business
Jason Thomas

Defense business Telic Corp. plans to add 500 jobs at Newport Chemical Depot in Indiana

NEWPORT, Ind. — A military contractor has announced plans to start up operations at the Army’s Newport Chemical Depot in western Indiana that could bring up to 500 jobs. Valparaiso-based Telic Corp. officials said today they planned to...

Jason Thomas, on Nov 05, 2009 at 11:35 AM in Business
indystar

Indianapolis EnerDel to develop lithium-ion batteries for proposed hybrids of U.S. Army's Humvee truck

Northeastside Indianapolis-based EnerDel today disclosed a $1.29 million Army contract for the battery work. The company and the Army’s Tank Automotive Research, Development and Engineering Center will collaborate over the next 18 months on...

indystar, on Nov 05, 2009 at 10:29 AM in Business
Jeff Swiatek

Indiana University forecast: Indiana economy to slowly rebound in 2010

Indiana’s economy is headed for a rebound in 2010 but don’t expect it to be robust. In their annual forecast, Indiana University economists today crept out on an optimistic limb, predicting the state will add 50,000 jobs next year while...

Jeff Swiatek, on Nov 05, 2009 at 9:52 AM in Business

More buy smaller TVs, help retailer hhgregg

Fast-growing appliance and electronics chain hhgregg Inc. said today that it drove growth in earnings despite declining same-store sales as consumers bought smaller televisions. The Indianapolis-based company, which operates 126 stores in 10 states,...

Tom Spalding, on Nov 05, 2009 at 8:42 AM in Business
Tom Spalding

Republic Airways 3Q profit falls

Indianapolis-based Republic Airways reported a smaller third-quarter profit Wednesday despite the addition of Midwest Airlines. Republic reported earnings of $3.3 million or 9 cents per share, an 80 percent drop from $17 million, or 50 cents from a...

Tom Spalding, on Nov 05, 2009 at 8:06 AM in Business
Tom Spalding

Southeast Indiana to get plastic equipment plant from Ohio's Process Systems and Services

An Ohio company that specializes in industrial plastics and process equipment fabrication, installation and service plans to build its first out-of-state plant in southeastern Indiana. Process Systems and Services said today that it is investing...

Tom Spalding, on Nov 05, 2009 at 7:20 AM in Business

Wishard gets to work on its future

Land received for new hospital; officials will seek low bond rates Wishard Health Services capped off its election victory Wednesday by officially obtaining the land where its new hospital will be built. Marion County voters on Tuesday granted the...

Daniel Lee, on Nov 05, 2009 at 12:00 AM in Business
Jeff Swiatek

On the block: mortgage for Keystone Towers

Loan’s holder will sell it rather than go through foreclosure The abandoned Keystone Towers complex on the city’s Northeastside could get a new owner through the unusual process of auctioning its mortgage next week. Online bids will be...

Jeff Swiatek, on Nov 05, 2009 at 12:00 AM in Business
indystar

Newport is expecting good job news

Announcement today linked to site of former chemical weapons depot Pre-empting a vote about whether to open part of the Army’s Newport Chemical Depot to business development, Gov. Mitch Daniels will travel to the western Indiana depot today to...

indystar, on Nov 05, 2009 at 12:00 AM in Business
indystar

USDA discovers H1N1 virus in Indiana commercial pig herd

While swine flu does not endanger those who eat pork, it has hurt industry Pigs in a commercial herd in Indiana have tested positive for the H1N1 virus, making it the first time the virus has been found in such hogs. The U.S. Department of...

indystar, on Nov 05, 2009 at 12:00 AM in Business
indystar

Briefly Around the State + Nation

Genesco’s Hat World buys sportswear’s Sports Fan-Attic Nashville, Tenn. Genesco’s Hat World division says it bought Sports Fan-Attic, a Tampa, Fla.-based sportswear chain. The 37-store chain had sales of $30 million in the 12 months...

indystar, on Nov 05, 2009 at 12:00 AM in Business
indystar

Brightpoint profits fall in 3Q compared to 2008

Northwestside-based electronic wholesaler Brightpoint today reported third-quarter revenues were 26 percent below the same third months in 2008. Revenues totaled $867.9 million for the third quarter, which was an increase of 21 percent compared to...

indystar, on Nov 04, 2009 at 6:12 PM in Business

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