Regional News

Stonegate Mortgage to relocate growing firm to Indianapolis

June 17, 2011
 IBJ Staff
Stonegate Mortgage Corp. will move its growing operation to Indianapolis in the next few months after a deal to expand in Fishers fell through.
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Central Indiana home sales rise for first time in a year

June 15, 2011
Scott Olson
Sales in the Indianapolis area rose 32 percent last month compared with the same time a year ago, reversing a year-long slump in the residential market. But May 2010 home sales were down dramatically after the expiration of a special federal tax credit.
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Carmel senior-living project to create 340 jobs

June 14, 2011
 IBJ Staff
Carmel Mayor Jim Brainard on Tuesday unveiled details of a multimillion-dollar project expected to create more than 200 construction jobs and 140 permanent positions over the next two years.
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Net Literacy teaches Internet skills to those in needRestricted Content

June 11, 2011
Sean Morrison
Teen's brainstorm results in internationally recognized not-for-profit that promotes computer literacy and safety, including programs for financial literacy and computer repurposing for donation to Indianapolis areas in need of the technology.
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Positron plans $55 million cyclotron project, 80 jobs

June 10, 2011
Andrea Muirragui Davis
Medical imaging equipment maker Positron Corp. has agreed to move its operations to Noblesville, where it plans to invest $55 million to open a high-tech facility that will make isotopes used in cardiac PET scans.
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Cummins plans expansion, 600 jobs for Columbus

June 10, 2011
Anthony Schoettle
Cummins Inc. announced Friday that it plans to add 600 employees to work in a new $18 million office building the diesel engine maker will build in downtown Columbus.
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Mooresville farm equipment maker expanding operations

June 9, 2011
 IBJ Staff
Equipment Technologies, a manufacturer of agricultural spraying equipment, plans to invest nearly $6.4 million in an expansion of its Mooresville operations, more than doubling its work force by 2015.
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LendingTree.com office with 64 employees closing in Carmel

June 6, 2011
Tree.com Inc., the Charlotte, N.C., parent of LendingTree.com, said its Carmel office will shut down by Aug. 16, costing 64 employees their jobs.
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Alexandria working on factory deal with defense contractor

June 1, 2011
Associated Press
Alexandria Mayor Jack Woods said plans are for Maryland-based Floatograph Technologies to buy the former U.S. Pipe facility from the city and then repair and remodel the factory. The plant could eventually have 100 workers.
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Indianapolis Symphony ventures into ZionsvilleRestricted Content

May 28, 2011
 IBJ Staff
Horse farm owner Elizabeth Johnson extended an invitation to play, and local businesspeople and volunteers have been selling concert tickets.
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Merrillville-based bank targets Carmel

May 24, 2011
 IBJ Staff
Centier Bank, a financial firm with 45 branches in northwest Indiana, has opened a business banking office in Carmel and is considering future expansion in the Indianapolis-area market.
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IU Health buying docs in hospital ventures

May 23, 2011
J.K. Wall
Indiana University Health is now quietly unwinding the physician ownership of its hospitals in Carmel and Avon—which sparked loud controversy when they opened in 2004 and 2005.
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Hoosiers finally score one of Foot Locker's House of HoopsRestricted Content

May 21, 2011
Cory Schouten
Finish Line's main competitor had bypassed Indianapolis at it chose locations for its concept store that sells Nike-brand basketball shoes and apparel.
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MZD signs agency deal with Lucas Oil Raceway

May 21, 2011
 IBJ Staff
Firm will handle advertising, marketing and digital promotions for the track formerly known as Indianapolis Raceway Park.
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Report: Southwestern Indiana a broadband backwater

May 21, 2011
 IBJ Staff
Federal data shows no more than 20 percent of residents in Gibson County have basic broadband Internet service.
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Best Buy closing Franklin warehouse; 301 jobs lost

May 19, 2011
The Minneapolis-based appliance and electronics retailer plans to close the facility by the end of March. Employees will be terminated in phases beginning in July.
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Indiana Downs owner halts lawsuit amid bankruptcy

May 18, 2011
Bloomberg News
Cordish Cos., a real-estate developer trying to build a casino near Baltimore, must temporarily halt a defamation lawsuit against the chief executive officer of Shelbyville casino owner Indianapolis Downs LLC, a federal judge said Tuesday.
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Brightpoint bringing 100 jobs to central Indiana

May 17, 2011
Kathleen McLaughlin
Brightpoint Inc. will add 100 jobs in Plainfield as it moves its Touchstone Wireless operations from Bristol, Tenn., the company announced late Tuesday afternoon.
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Zionsville residents disagree on commercial development

May 14, 2011
Francesca Jarosz
After property tax caps crimped local dollars in Zionsville and a school funding referendum failed, many residents have decided it’s time to attract more commercial development. But they are tangled in a hot dispute over how to achieve that goal.
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Verizon amphitheater alters strategy amid industry shift

May 14, 2011
Kathleen McLaughlin
Live Nation Entertainment has scaled back summer concert schedules at large amphitheaters across the country, and that includes one of its top performers, Verizon Wireless Music Center in Noblesville.
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LOU'S VIEWS: Home is where the art is

May 14, 2011
Lou Harry
With the Miller House open, Columbus becomes even more of a design draw.
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IBM may add workers to Indiana call center

May 13, 2011
Economic development officials say IBM Corp. could add several hundred workers to a call center it operates near Anderson.
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Performing arts center extends CEO's contract

May 11, 2011
Kathleen McLaughlin
The Center for the Performing Arts in Carmel has extended CEO Steven Libman's contract through 2016, the board of directors announced Wednesday.
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President transforms workplace culture at Farmers Bank

May 7, 2011
Ann Finch
Few bank presidents gather their employees once a week and pass out plastic clapping hands to keep the beat to music pulsing full volume through the lobby. Fewer still climb atop a customer-service counter to open the early-morning pep rally with a full grin. Karen Miller does both.
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Firestone launches test lab in Fishers

May 7, 2011
 IBJ Staff
Facility is meant to appeal to heavy-truck makers, other manufacturers.
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