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.
Elkhart towable RV maker to hire 400 by 2010
ELKHART — Heartland Recreational Vehicles, which manufactures a line of towable recreational vehicles, today said it has begun the first phase of an “aggressive” hiring initiative at its headquarters in Elkhart. Management announced...
IU among first schools for USA Today online effort
STATE COLLEGE, Pa. — USA Today has launched a new online initiative targeting college students, with Indiana, Penn State, and Missouri the first schools to take part in the pilot program. The “e-Edition” is free for students,...
Home Depot 3Q earnings fall 8.9 percent
Home Depot Inc.‘s third-quarter earnings fell 8.9 percent as the housing and renovation markets remained weak, the nation’s largest home improvement retailer said today. " A roundup of Indianapolis-area business news and state...
Retail sales spark rally
Performance beats analysts’ October projections; major stock indexes reach 13-month highs NEW YORK — Investors kept the stock market’s upward momentum going Monday, sending shares sharply higher after retail sales rebounded more...
Group eyes bankruptcy to save 39 properties
Local home rental partnership under foreclosure threat A home rental partnership headed by Indianapolis pastor Lionel T. Rush’s housing group has filed for bankruptcy, hoping to head off a forced sheriff’s sale of its properties by a...
GM reports $1.2B loss but says financial picture is better
Automaker is set to start paying off $6.7B U.S. debt with $1B quarterly payments General Motors lost $1.2 billion in the first 83 days after it emerged from bankruptcy protection in July, the company announced Monday. But officials with the...
On the move
On the Move Name: Jon Fohrer New post: CEO of ambulatory services for the network at Community Health Network. Previous position: Vice president of ambulatory services and oversaw the orthopedic service line at Community Health. Experience: Fohrer...
New owner plans to close American Lifts in Greensburg
Greensburg — Two weeks after the sale of American Lifts — a 75-year-old Greensburg company that specializes in product-handling hoists — by its parent company, the facility apparently is going to close. Autoquip of Guthrie, Okla.,...
Aces Power Marketing plans to add 40 headquarters jobs
Carmel — Aces Power Marketing, a wholesale energy risk management and transaction execution services firm, said Monday it is expanding its national headquarters in Carmel. The expansion plans to add 40 jobs to the 10-year-old company, which has...
Area homebuilding permits for October match '08 level
Indianapolis — Homebuilders in the Indianapolis area finally saw a turnaround in new home construction in October. Builders filed 338 single-family building permits in the nine-county metro area last month, the same number as in October of last...
Indianapolis Mayor Greg Ballard seeks motorsports jobs in Germany trip
Mayor Greg Ballard and an entourage are in Europe today at the start of a nine-day overseas trip meant to attract jobs and manufacturing technology to Indianapolis to grow the motorsports industry. The delegation is meeting with business leaders,...
Peerless Pump hires new president
Andrew Warrington has been named president of Peerless Pump Co., one of Indianapolis’ oldest industrial businesses. Warrington on Dec. 1 will assume the role that’s been held since 2003 by Dean Douglas, who is going to work for an...
Indianapolis new-home construction picks up in October
Homebuilders in the Indianapolis area finally saw a turnaround in new home construction in October. Builders filed 338 single-family building permits in the nine-county metro area last month, the same number as in October of last year, according to...
With $12M gift, Eli Lilly stays No. 1 United Way donor
Eli Lilly and Co. is poised to retain its title as the No. 1 donor to United Way of Central Indiana as executives with the Indianapolis drugmaker today pledged $12 million to the nonprofit today. The check represents the contributions of...
Auto sales boost retail figures' 1.4 percent rise in October
WASHINGTON — Retail sales rose more than expected in October, but the gain largely reflected a big rebound in auto sales. Sales fell at many other retail stores as consumer spending remains under pressure, raising questions about the durability of...
American Lifts to close in Greensburg after sale
Two weeks after the sale of American Lifts — a 75-year-old Greensburg company that specializes in product handling hoists — by its parent company, the facility is apparently going to close. Autoquip of Guthrie, Okla., which bought...
Carmel energy coop to expand, add 40 jobs
Aces Power Marketing, a wholesale energy risk management and transaction execution services firm, today said that it is expanding its national headquarters in Carmel. " More coverage: IndyStar business. ":http://www.indystar.com/business...
Web sites let users have a little fun
Ever wonder how much Google knows about you? If you have a Gmail account, watch videos on YouTube, store presentations on Google Docs or make calls through Google Voice, it’s no wonder. The first Web site on this month’s Seven Sites list...
Cathy's Concepts leases warehouse space
Indianapolis — Cathy’s Concepts has leased a 40,000-square-foot warehouse at 6900 E. 30th St. The private company, which makes and distributes wedding gifts, spa accessories and novelty apparel, has put its main offices in the warehouse,...
Zoning board backs truck washing business
Indianapolis — A city zoning board recommended last week that GTS Properties LLC be given a variance to open a truck washing business on 20 vacant acres at 1015 W. Hanna Ave. The company wants to build a 9,450-square-foot building on the site...
New casual eatery on College will open in early January
Indianapolis — Recess restaurant will open in early January at 4907 N. College Ave., formerly the site of a used-records store and a hair salon. Owner Greg Hardesty, who owned the now-closed Elements restaurant Downtown, said his new casual...
Center's renovation will add more space for gatherings
Indianapolis — Mavris Arts&Event Center is renovating the unfinished basement in its Downtown building to host gatherings of up to 125 people. The renovation will be complete March 1, said owner John Mavris, who bought an old three-story...
New warehouse will fill 9 management jobs
Indianapolis — Jetro/Restaurant Depot of College Point, N.Y., will open a 61,600-square-foot wholesale food products warehouse in the first quarter of next year at 2120 Enterprise Park Drive on the Eastside. It will be the first warehouse in...
Housing tax credits: What you need to know
Nearly 2 million people have received a federal homebuyers’ tax credit since it was approved in 2008. Hoping to further stimulate the housing market and the economy, Congress recently broadened the credit, making it available to millions of...
On the Move
Name: Tricia R. Giesler New post: Director of business development by Relocation Strategies Inc. Previous position: Sales representative at Kravet Fabrics. Experience: Giesler previously was a territory sales manager at Fabricut Fabrics. Prior to...
GM needs you to really rather have new Buick (and Chevy)
DETROIT — Two General Motors cars due in showrooms next year must be hits to help the automaker turn around sales and pay back its debt to taxpayers. The Buick Regal midsize sedan and Chevrolet Cruze compact face stiff competition and other...
Lilly's big cancer bet: seeking new blockbusters
While the risks are huge, the rewards could be giant In a corner of an Eli Lilly and Co. cancer laboratory, biologist Julie Pomeroy squeezes drops of a fluorescent stain onto mice tumor tissues, trying to make their mysterious world more visible...
Web service tries to help magazines turn the page
Reading an in-depth and expertly crafted magazine article is one of life’s small but wonderful pleasures. Magazines, though, are struggling to reinvent themselves in the Internet age. Advertising is harder to sell. More readers are going online...
Holiday shoppers find a changed retail landscape
Retail landscape has changed since the last holiday season Looking for a flat screen TV this Christmas? Circuit City is closed. Need a set of Legos for the nephew? Forget KB Toys. Its stores are history. After struggling through one of the worst...
Microlenders think small for big results
Sites help those who don’t have access to traditional bank loans SAN JOSE, Calif. — You may have heard Oprah Winfrey or Bill Clinton talk about it. Or maybe you’ve heard Kiva’s pitch to “Make a micro loan today. Forever...
