Tonight: Windy and colder, flurries. Low 34. Thursday: Blustery and cold, some sunshine. High 41.
Wednesday, November 14, 2007
Janitor firms to negotiate; Islamic law cited Several janitorial firms operating in the Indianapolis area have agreed to negotiate a contract with the Service Employees International Union, which has been holding protests and other events downtown for two years to try to force the talks. Meanwhile, a clergy group that backs the union is taking its campaign against Indianapolis-based HDG Mansur Group to Islamic investors in the hope of persuading them to avoid investing in HDG Mansur until the Indianapolis company meets the clergy's definition of treating the workers well. And the company that cleans a Mansur building planned to file with the National Labor Relations Board 33 charges of unfair labor practices against the union. Join a conversation about the situation at IBJ's new blog, News Talk.
Gregg stock jumps on strong report Shares of HHGregg Appliances Inc. shot up 6 percent, to $15.68, today after the Indianapolis appliance and electronics chain reported a brighter earnings outlook and an 8.9-percent increase in same-store sales in its second fiscal quarter. The increase came during a stretch when many retailers struggled.
Simon family donates $40M to Riley A $40 million gift from the Simon family to Riley Hospital for Children will help finish a 10-story in-patient building and launch a fund-raising campaign, Riley Children's Foundation announced this morning. The project will result in a net gain of 100 beds, and expand emergency room services and an obstetrics unit for high-risk deliveries, among other provisions.
Former EDS exec sinks money into ChaCha Morton Meyerson, formerly president of EDS and the former chairman and CEO of Perot Systems, is the lead investor in a group that has placed $8 million into Indianapolis-based ChaCha, a search engine that uses people to aid in searches. ChaCha also said today that it has received a $2 million grant from the state's 21st Century Research and Technology Fund.
Clarian deal concerns Bloomington mayor Bloomington Mayor Mark Kruzan is expressing concern over a previously announced partnership between his city's hospital and Indianapolis-based Clarian Health. Kruzan said in a letter to The Herald-Times of Bloomington that his first worry is the potential loss of local control at Bloomington Hospital. "Bloomington Hospital needs to remain just that-Bloomington's hospital," he said.
Medco likes Daniels, 'entrepreneurial spirit' Gov. Mitch Daniels' personal involvement and the "entrepreneurial spirit" of the Indiana Economic Development Corp. were among the reasons Medco Health Solutions announced Nov. 12 that it had chosen the Indianapolis area over Louisville for the location of a $150 million pharmaceutical distribution center. The sentiment was expressed by Medco President Kenneth Klepper in The Courier-Journal of Louisville.
From IBJ staff and Associated Press-Compiled by Norm Heikens
Smoke, water damage NCAA building Dozens of people evacuated the NCAA Hall of Champions at 7 a.m. because of a small electrical fire that started on the second floor. The fire was quickly contained. However, the sprinkler system might have caused water damage. Officials believe several commemorative items were affected, but the items are considered replaceable. Fox 59 will have more at 10 p.m.
Freeney may be out for the season The injury-plagued Indianapolis Colts may have lost another key player. According to ESPN, Dwight Freeney may have suffered what's called a lisfranc injury to his mid-left foot, and it could end his season. The Colts have signed defensive end Simeon Rice to fill in for him.
Groups celebrate World Diabetes Day Groups around the world and in Indianapolis are coming together to raise awareness about diabetes today. St. Vincent Hospital participated by holding a free diabetes fair. Eli Lilly and Co. also participated by holding a "Circle Made Human" event where employees and their guests joined hands and formed a circle of support.
Kite sees modest gains in quarter Kite Realty Group Trust posted funds from operations in the third quarter of $12 million, a 5.2-percent increase from the same period a year ago. Kite's revenue increased 2.4 percent, to $33.9 million, in the quarter. At the end of September, Kite had an ownership stake in 50 operating retail properties totaling 7.1 million square feet. Occupancy at the retail centers was 94.8 percent, compared to 93.6 percent a year ago.
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Wednesday, November 14, 2007 
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