Regional News

Bill would give green light to live table games at racinosRestricted Content

January 19, 2013
Kathleen McLaughlin
A wide-ranging gambling bill designed to protect Indiana casinos from border-state competition would allow live table games at two central Indiana racinos.
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Trafalgar company bringing reflective technology to consumer marketRestricted Content

January 19, 2013
Chris O'Malley
Halo Coatings, founded in 2007, spent its early years licensing its proprietary reflective technology for powder-coating applications to companies involved in highway infrastructure, such as guardrails. But it's now shifting its focus to the big players in the apparel, medical and consumer-product fields.
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Retailer plans 250-worker Hendricks County warehouse

January 17, 2013
Gordmans, an apparel and home decor retailer, said it will spend $37.5 million to construct and equip a 545,000-square-foot distribution center in Clayton.
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Fishers auto supplier moving to Anderson

January 16, 2013
Keihin North America Inc. plans to relocate between 130 and 175 management, engineering and development jobs to the Flagship Enterprise Center.
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Foul odor spurs Oliver Winery hard-cider lawsuit

January 15, 2013
Scott Olson
The Bloomington-based winery claims in a federal lawsuit that it was forced to recall its hard apple cider due to defective cans provided by Ball Metal Beverage Container Corp.
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Subaru targets more growth at Indiana plant

January 15, 2013
 IBJ Staff and Bloomberg News
The maker of Subaru cars is targeting a 6-percent increase in global sales this year, spurred by the introduction of a new Forester SUV model. The company will use its plant in Lafayette to increase output.
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Vectren digs in to fight gas plantRestricted Content

January 12, 2013
Chris O'Malley
A synthetic natural gas plant proposed downstate need only tweak its contract with would-be gas purchaser Indiana Finance Authority to comply with an October court ruling and to proceed with the project, Indiana Gasification said in a recent filing with the Indiana Court of Appeals. But opponents of the plant, led by Evansville-based gas and electric utility Vectren, immediately objected.
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New ChaCha unit to pair celebrities, advertisers

January 12, 2013
Chris O'Malley
The ever-evolving information/answers service ChaCha Search has launched a startup within the 7-year-old company. Social Reactor will match advertisers with participating celebrities and other “social influencers,” who will use social media tools such as Twitter to drive fans to advertisers. Verge founder Matt Hunckler was tapped to get it rolling.
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Analysts: ITT's woes are likely to worsenRestricted Content

January 12, 2013
J.K. Wall
Investors have dumped the already-depressed shares of ITT Educational Services Inc. after the operator of for-profit colleges shelled out $46 million for bad private student loans it had backed to help students pay the portion of its pricey tuition that federal loans won’t cover. With fewer ITT graduates able to find jobs, the default rates on these loans has spiked.
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Fishers Town Council elects new leadership

January 8, 2013
The seven-member council chose John Weingardt as president and Pete Peterson as vice president. Weingardt replaces Scott Faultless, who had been president since 2001.
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Greenfield gun seller, others seeing run on guns

January 8, 2013
Associated Press
Gun enthusiasts are snapping up weapons faster than they can be replenished. And applications for gun permits spiked sharply toward the end of 2012.
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Centaur strategy cheers horse industryRestricted Content

January 5, 2013
Kathleen McLaughlin
Centaur Holdings LLC plans to concentrate all thoroughbred racing at Indiana Downs in Shelbyville and all standardbred harness racing at Hoosier Park in Anderson once it clears regulatory hurdles to take control of the Shelbyville track.
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CNO's Bonach has insurance firm back on offenseRestricted Content

January 5, 2013
Chris O'Malley
CNO Financial Group’s stock price has nearly doubled since Ed Bonach took the helm in October 2011. Some analysts that follow the successor to Conseco Inc., which a decade ago was the nation’s third-largest Chapter 11 bankruptcy reorganization, now regard CNO as an attractive value play.
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Microlenders aim to help businesses grow, survive

January 5, 2013
Andrea Muirragui Davis
Indiana has three certified, not-for-profit SBA microloan intermediaries, which not only make short-term microloans—as any lender can—but also use the SBA grants they receive to offer business coaching along with the financing.
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Stock buyback continues at CNORestricted Content

January 5, 2013
 IBJ Staff
The Carmel-based owner of Bankers Life and other insurance companies has seen its stock rise as it restructures debt.
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Tipton manufacturer with 173 workers says its closing

January 3, 2013
 IBJ Staff
Steel Parts Manufacturing Inc. says it plans to close its plant in Tipton, ending employment for 173 workers. The company told the state the closure and layoffs will begin Feb. 28 and end by March 14.
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Indiana town sues in bid to take over water services

January 2, 2013
Associated Press
A central Indiana town is suing Indiana American Water Co., seeking to wrest control of local water services from the utility.
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Bloomington earns green distinction for city hall

December 28, 2012
Associated Press
Other than bragging rights and a plaque on the wall, what's the value of energy and environmental design certification for the city and taxpayers?
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Chrysler expansion fueled by optimistic sales outlookRestricted Content

December 22, 2012
Dan Human
Chrysler Group LLC is betting on huge sales gains to justify the more than $374 million it is considering investing in Kokomo and Tipton to make a new line of nine-speed transmissions.
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Environmental enforcement stings three companiesRestricted Content

December 22, 2012
Penalties will help fund clean-up of East Washington Street site.
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Land trust strategy goes nationalRestricted Content

December 22, 2012
Dan Human
The Central Indiana Land Trust has developed a 60-page strategy that identifies more than 300,000 acres that have conservation potential throughout the 3.1 million acres in Marion County and its eight surrounding counties.
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Landmark Anderson drugstore closes after 80 years

December 20, 2012
Associated Press
Howard Gwinn worked as a teacher and a Chicago-based pharmacist before opening shop at Fifth Street and Madison Avenue in Anderson in 1932. The drugstore he founded was a neighborhood fixture until closing Wednesday night.
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Developer close to starting project at 116th, Springmill

December 18, 2012
Tom Harton
Gershman Brown Crowley Inc. is in the process of getting design approval from the city of Carmel for a 9,600-square-foot retail building and a 13,200-square-foot CVS pharmacy.
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Kenley pitching license plate tax to fund highway projectsRestricted Content

December 15, 2012
J.K. Wall
A license plate tax of $20 to $50 per car will be one of a raft of proposals considered by the Legislature next year as a way to fix a hole in funding for road maintenance, and to keep expanding Indiana’s system of highways.
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Hamilton County airport closer to extending its runwayRestricted Content

December 15, 2012
Federal, state grants will fund study of project intended to serve growing corporate clientele.
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