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Manufacturing & Technology
Cummins boom drives up demand for apartments
March 24, 2012
Associated PressA hiring boom at engine maker Cummins and the economic recovery are leaving many people in search of apartments out in the
cold in Columbus.
MoreN.K. Hurst's unsexy beans fill bottom shelf, bottom line
March 24, 2012
Sam StallN.K. Hurst Co. Inc. sells roughly 20 million packages of dried beans and bean soup mixes a year, from the West McCarty Street
packaging plant it has operated since 1938. It has only about 50 employees, but its products are ubiquitous in the grocery
industry.
MoreHow do you turn a profit? Nimble ChaCha finds answer
March 24, 2012
Chris O'Malley
After six hard years, the locally based Q&A service has positive earnings and expects revenue to more than double
this year. Founder and entrepreneur Scott Jones reveals how the firm turned the corner.
State's largest private company plans to go public
March 23, 2012
IBJ Staff and Bloomberg NewsEvansville-based Berry Plastics Group Inc., a container maker owned by funds affiliated with Apollo Global Management LLC,
on Friday filed to sell up to $500 million of stock in an initial public offering.
MoreManufacturer expanding northeast-Indiana operations
March 23, 2012
Associated PressBusche Enterprise Division Inc. said it will spend about $17 million to buy, expand and equip a factory near its headquarters
in the Noble County town of Albion, adding up to 120 workers by 2015.
MoreDelaware County regroups after green factories fizzle
March 20, 2012
IBJ Staff and Associated PressA central Indiana county is pulling back its financial support for a pair of green-energy companies who so far haven't
delivered on plans for factories with hundreds of workers.
MoreEast-side contract manufacturer plans to add 144 jobs
March 17, 2012
Scott OlsonMansfield-King LLC is asking the city for property tax abatements as part of its efforts to create the jobs by 2016 through
a $3 million expansion. The company currently has 45 employees.
MoreDynamics in place to mint public companies aplenty
March 17, 2012
Greg AndrewsIndianapolis attorneys say numerous local private firms are on the IPO sidelines, mulling whether to try to capitalize on
the strengthening economy and improving investor appetite for new issues.
MoreEx-One Call execs turn on each other in latest venture
March 17, 2012
Chris O'MalleyLawsuit alleges two of six partners in Qtego seized control and locked them out of the northwest-side firm, which developments
telecommunications technology.
MoreAllison shares rise in first day after expanded IPO
March 15, 2012
IBJ StaffAllison Transmission Holdings Inc. shares rose 1.7 percent in their trading debut Thursday after the Indianapolis-based manufacturer
raised more than sought in its initial public offering.
MoreSleeping-products event a real eye-opener
March 14, 2012
Scott OlsonAbout 3,200 visitors are in the city as part of the International Sleep Products Association's biennial event, which showcases
the latest technology in mattress manufacturing.
MoreAnalysts lukewarm to Allison ahead of market debut
March 14, 2012
IBJ Staff and Bloomberg NewsShares of Allison Transmission Holdings Inc. are expected to begin trading Thursday, but the early reaction to the IPO from
analysts is lukewarm. The locally based company’s private-equity owners are offering 21.7 million shares for $22 to
$24 apiece, which could raise as much as $522 million.
MoreAllison's private-equity owners to get IPO spoils
March 10, 2012
Kathleen McLaughlinWhen Allison Transmission Holdings Inc. a year ago filed plans to go public, it said some of the proceeds would go toward
reducing billions of dollars in debt. But, in an updated filing with the SEC, the company reversed course, saying all of the
more than $500 million that’s expected to be raised would go to its private-equity owners.
MoreHurco shares surge after quarterly profit soars
March 9, 2012
Kathleen McLaughlinHurco Companies Inc. said its fiscal first-quarter profit soared 200 percent over the same period a year ago, driven by strong
sales increases in Europe.
MoreExactTarget looks to raise $145 million with IPO
March 8, 2012
Indianapolis-based ExactTarget Inc., which announced an initial public offering in November, said it is seeking to raise as
much as $145 million. The company is offering 8.5 million shares for $15 to $17 apiece, according to a regulatory filing made
Wednesday.
MoreManning's move may help Nike as it takes NFL contract
March 7, 2012
Bloomberg NewsPeyton Manning’s change of address is likely good news for Nike Inc., which replaces Reebok International Ltd. next
month as the maker of National Football League-branded apparel and uniforms.
MoreHonda looks to dealers to boost natural gas station network
March 7, 2012
Bloomberg NewsHonda Motor Co. wants to double sales of its Indiana-made Civic Natural Gas sedans, but doing so
requires more fuel stations. The car maker wants some of its dealers to install pumps to sell the fuel.
MoreGreen movement a boon for Cummins Emissions
March 6, 2012
Associated PressCummins Emissions Solutions, which celebrated its 10-year anniversary last week, began with 11 employees within the Indiana-based
company's filtration business. Today, the emissions group employs 1,400 people around the world, including 400 in Columbus.
MoreRolls-Royce plans $42M local investment, more jobs
March 6, 2012
Kathleen McLaughlinRolls-Royce Corp. plans to invest $42 million to set up a new manufacturing plant in Indianapolis and create 100 jobs by 2014,
the company announced Tuesday morning.
MoreMaker of truck bodies plans to add up to 350 jobs in Goshen
March 6, 2012
IBJ StaffSupreme Industries said it will invest nearly $8 million to refurbish and equip facilities on its 100 acre-campus in Elkhart
County.
MoreTrucking firms shunning costly clean-burning engines
March 3, 2012
Chris O'MalleyTrucking fleets, already buckling under higher costs for insurance and fuel, are finding ways around new rules that nearly
eliminate nitrogen oxides and particulate matter but also sent prices of new trucks soaring.
MoreMainGate chasing NFL apparel deal
March 3, 2012
Anthony SchoettleIndianapolis-based MainGate Inc. is in hot pursuit of the NFL’s exclusive Super Bowl on-site merchandise contract. And
it might not be the only local company pursuing the multimillion-dollar deal.
MoreGreencastle plant key in Ford's environmental movement
March 3, 2012
Scott OlsonSupplier to begin producing door part made from kenaf, a plant similar to bamboo but related to cotton.
MoreEner1 reorganizing; Bright Automotive folds
March 3, 2012
Both firms appeared a few years ago to be poised to hire thousands of workers. But they slid into a tailspin as anticipated
funding failed to materialize and the market prospects for hybrid and electric engines dimmed.
MoreAnthem seeking state rule change allowing doctors to practice online
March 3, 2012
J.K. WallAnthem Blue Cross and Blue Shield has renewed its push to bring online care to the Indiana market, including video. It has
asked the state’s Medical Licensing Board to relax a 2003 rule that stands in its way.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.