Business barometer
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IndyStar.com: Business
Indiana's leading news source for all the top stories, local news, sports and weather.
Hansen & Horn faces new dispute
Trade group boots Hansen&Horn over payment due Hansen&Horn Group has lost its membership in the local builders association as the longtime Indianapolis homebuilder faces lawsuits from suppliers over nonpayment and complaints from homebuyers...
Indiana's jobless rate crawls up to 9.8%
State’s holding fairly steady, but no big improvement is seen on the horizon Indiana’s jobless rate inched up last month as the Indianapolis area’s recovery paused amid layoffs among government and leisure industry workers, labor...
Our hard-won savings are earning much less
NEW YORK — The U.S. is finally becoming a nation of savers. Now if only we could get something for our money. Interest rates are sinking to near zero for the first time since last year’s financial meltdown, dampening spending as Americans...
Fishers Chamber president expects to leave this month
Fishers — After 13 years, Fishers Chamber of Commerce President Christi Wolf announced this week she will step down. In a phone interview, Wolf said she expects to leave this month. In a news release, she said: “I have been waiting for...
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...
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...
Malls to lure shoppers with cookies, tweets
As you rush into the holiday shopping season, you may catch a whiff of cookies baking at the mall or find a note from a roving elf on your iPhone or get a coupon by text message. Across the nation, retailers and mall owners are trying to spark the...
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...
On the Move
On the Move Name: Anurag Gupta. New post: President of Brightpoint Europe, Middle East and Africa. Previous position: Senior vice president of global strategy, investor relations and corporate communications at Brightpoint. Experience: Gupta was...
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...
