Business barometer
Analyze the performance of publicly traded local businesses in Indiana. Match their performance directly related to news stories reported on IndyStar.com.
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IndyStar.com: Business
Indiana's leading news source for all the top stories, local news, sports and weather.
Indiana jobless rate rises to 9.8 percent
Indiana’s preliminary seasonally-adjusted unemployment rate showed little change in October, the Indiana Department of Workforce Development reported today. Indiana’s preliminary rate of 9.8 percent marked an increase of 0.1 of a...
No. 2 mall company may not sell its holdings
Bankrupt mall developer General Growth Properties said Thursday it has restructured a large chunk of its mortgage debt and hopes to start exiting bankruptcy court by the end of the year. The Chicago company’s surprise announcement suggests its...
New locomotives are green machines
New locomotives for CSX rail yard in Avon feature technology that’s clean, quiet The two newest movers and shakers in fast-growing Avon weigh in at more than 13 tons each. And they’re green. Railroad company CSX Transportation unveiled...
Retiring Lilly research exec Steven Paul gets $2 million in severance
The top research executive at Eli Lilly and Co. will receive a $2 million cash severance payment and be credited with extra years of service when he retires in February — a move some compensation experts are calling unusual. Dr. Steven Paul,...
Foreclosure crisis is spreading
Report: Borrowers with good credit are defaulting, too, after job losses WASHINGTON — The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises...
Conseco is planning to sell up to $230 million in stock
Indianapolis — Carmel-based insurer Conseco says in a new filing with the Securities and Exchange Commission that it may sell up to $230 million of stock. Conseco plans to use 50 percent of the net proceeds to repay indebtedness under its...
Fishers Chamber president expects to leave this month
Fishers — Christi Wolf announced Thursday she will step down as president/chief executive of the Fishers Chamber of Commerce. Wolf has had the job for 13 years. In a phone interview, she said she expects to leave this month. In a news release,...
Emmis expects to go to court to get Hungarian license back
Indianapolis Emmis Communications’ national radio station in Hungary, Slger, has been taken off the air, and executives at the Indianapolis-based company plan to go to court to get back its license. Emmis said it was in the process of trying to...
Indiana awarded $4M to help with 'green' training
Indiana has been awarded a $4 million chunk of what the U.S. Labor Department today said was a total of $55 million in “green jobs” grants. The grants were designed to support job-training and labor-market information programs to help...
Indiana partners with Japanese trading firm
ITOCHU Corp., a Japanese trading firm already partnering with Indianapolis-based electric vehicle battery maker EnerDel, may be developing a more significant presence in the state. More coverage: The official press release from the Indiana Economic...
Top Eli Lilly researcher Paul's payout: $2M
As struggling Indianapolis drugmaker Eli Lilly and Co. slashes thousands of jobs and trims benefits for employees, one top executive is getting a handsome retirement payout. The company disclosed today that Dr. Steven Paul, who will retire in...
Indianapolis' Emmis Communications' station taken off air in Hungary
Emmis Communications’ national radio station in Hungary, known as Slger, has been taken off the air, and executives at the Indianapolis-based company plan to go to court to get back its license. Emmis said late Wednesday it was in the process of...
Study to decide if caged chickens are happy
DES MOINES, Iowa — Are cramped chickens crazy chickens? Researchers are trying to answer that question through several studies that intend to take emotions out of an angry debate between animal welfare groups and producers. At issue are small...
Profits rise 188% for Indiana company Shoe Carnival
Consumer interest in wellness footwear and boots helped propel southwestern Indiana retailer-based Shoe Carnival to one of the best quarters in its history. The value-priced footwear and accessories seller said third-quarter net earnings increased...
$4M grant to aid Indiana autoworkers
Indiana has won a $4 million federal grant to lead an effort with Michigan and Ohio to help laid-off autoworkers find jobs in the renewable-energy industry and related occupations. The U.S. Department of Labor awarded the grant Wednesday to the...
Conseco may sell $230 million of stock
Carmel-based insurer Conseco says in a new filing to the Securities and Exchange Commission that it may sell up to $230 million of stock. Marketwatch reports today that Conseco plans to use 50 percent of the net proceeds to repay indebtedness under...
Metropolis developer gets year of home detention in check kiting case
Judge orders monitored detention, wants man to repay $382,486 to bank Incorrect information was removed from this story on Nov.19, 2009. A man who once had a net worth of $150 million will report today to a corrections facility to be fitted with an...
Sears posts 2nd consecutive quarterly loss
Sears Holdings Corp. said today it lost money for the second consecutive quarter as customers spent elsewhere even as the retailer offered a series of early holiday season promotions to bring them back to its brands. The company led by hedge fund...
Medical gear installer expands in Allen Co.
Maxim Medical Services Inc., a medical equipment installation and repair firm in Allen County, will expand its operations, meaning 51 new Indiana jobs for the company by 2012. The company installs, services and resells surgical lighting and imaging...
Simon positions itself to expand
Nation’s largest mall developer may be preparing to acquire biggest competitor Simon Property Group may be laying the groundwork for the biggest acquisition of its 49-year history in a deal that could allow the Indianapolis shopping mall...
Indiana on short list for electric car plant
Electric car maker hopes to have vehicle on the streets by next fall Norwegian carmaker Think is racing to secure a plant site in Indiana, Michigan or Oregon, get a U.S. grant, build a factory and put a two-seat electric car on American streets...
Tuning into social media
Account exec says online pursuits can bring payoff Elizabeth Friedland, account executive with Indianapolis ad and PR firm TrendyMinds, is into social media: She Tweets, blogs and Facebooks (Is that a verb?). Friedland took time from her online...
Keystone Towers complex fails to sell in auction
Indianapolis — An online auction for the nonperforming loan on the vacant Keystone Towers complex failed to bring a bid acceptable to the seller when it ended Wednesday. Bidders seemed reluctant to raise their bids above the minimum of $600,000...
Indiana and 2 neighbors will work on auto project
Indianapolis — Indiana, Ohio and Michigan will work together on a economic research project focusing on how to help U.S. autoworkers move into new careers and how to transform the struggling auto industry. The Indiana Department of Workforce...
On the Move
On the Move Name: Mike Yost. New post: Executive director of marketing at Clarian Health. Previous position: President at Brand Action Consulting. Experience: Yost previously worked in sales and marketing at for Eli Lilly and as senior director and...
No jail time for Metropolis developer Christopher P. White, founder of Premier Properties USA
The owner of a defunct Indianapolis real estate development company, convicted by a jury in August of kiting a $500,000 check to meet payroll, will not go to jail but will pay a hefty fee, a judge ruled today. Christopher P. White, 52, the founder of...
Rival: Sex drug acts faster than Viagra, Eli Lilly's Cialis
A drug being developed by a California company was shown in a trial to be effective in 30 minutes or less, much faster than its competitors, the maker of treatments for erectile dysfunctions claimed today. Reuters reports that Vivus Inc.’s...
More stops fewer times set for Carmel, Fishers buses
Fishers and Carmel workers who use IndyGo’s commuter buses will soon see changes, including a few more stops in Downtown Indianapolis and an adjusted schedule, all in an effort to attract new users. Starting Dec. 1, additional stops for the...
Report: Norway electric carmaker to build in Indiana
Norwegian electric car maker Think Global is gearing up to launch its vehicles in the United States and has picked a site in Indiana for its U.S. manufacturing facility, according to a major investor in the company. A roundup of Indianapolis-area...
Ford, Subaru, VW win insurance industry picks
WASHINGTON — Ford, Subaru and Volkswagen sit atop the insurance industry’s annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms. The...
