Library slashes hours, to close main branch on Thursdays
A big reduction in hours is expected to save the Indianapolis-Marion County Public Library about $1.5 million next year, as it grapples with a $4 million revenue shortfall.
IBJ Staff
Articles
Cummins awarded $6.9 million Army contract
The three-year deal calls for the Columbus, Ind.-based diesel engine manufacturer to develop a power train that improves efficiency by reducing fuel consumption and noise, and can run on a wide range of fuels and fuel mixtures.
Caterpillar seeks tax abatement for Franklin plant
Caterpillar Reman Powertrain is requesting the tax break to offset costs related to a $13.6 million investment the company says will help retain 338 factory jobs.
Greencastle auto supplier cutting 202 employees
International Automotive Components Group said the layoffs will occur in two stages—on Nov. 10 and again on Dec. 13. Expiring contracts are responsible for the cuts, said a company spokesman, who added that the employees could be recalled.
City lands national law enforcement convention
Indianapolis will host the National Organization of Black Law Enforcement Executives’ annual meeting in July 2015, expected to attract more than 1,500 visitors and generate more than $2 million in visitor spending.
Airport chief out of running for Atlanta job
John Clark III, executive director of the Indianapolis Airport Authority, has withdrawn his name from consideration for the top position at Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport.
Canadian company buying 12 Crystal Flash stores
Alimentation Couche-Tard Inc. said on Friday that it expects to complete the acquisition of a dozen Indianapolis stores this month. Couche-Tard is the largest independent convenience store operator in North America.
Beck’s Superior Hybrids plans $24.5M expansion
A Hamilton County seed company has plans to expand its facilities, creating as many as 72 jobs over the next five years, state economic development officials said Friday morning.
Indy Racing League signs deal with Verizon
Financial terms of the deal were not released, but industry sources said the multiyear deal is valued at $1 million annually for the open-wheel race series.
Simon, former executive settle fraud suit
Mark Palombaro, a former senior vice president of development, will pay the company $766,000, settling a lawsuit that accused him of getting kickbacks on construction contracts.
Fishers shopping center lands new tenants
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
Indianapolis Museum of Art to present at international competition
A team of Puerto Rican artists sponsored by IMA will represent the United States in an exhibition in Venice.
EDITORIAL: Revive 21st Century Fund, boost entrepreneurship
One damper on Indiana’s entrepreneurial growth has been the shrinking of the 21st Century Research and Technology Fund, which has lost half its support because of state budget woes. As soon as state revenue permits, the state should bring this key program back to its funding level of $37 million a year, or boost it even higher.
NFP of Note: Agape Therapeutic Riding Resources Inc.
Agapé Therapeutic Riding Resources Inc. is committed to providing a comprehensive, experiential equestrian program for those who have disabling conditions or are at risk.
test Former bank exec receives 22-month sentence
A former executive of Old National Bancorp was sentenced in federal court Thursday to 22 months in prison after he pleaded guilty to charges of making fraudulent bank entries.
Former bank exec receives 22-month sentence
Robert E. Tolle pleaded guilty Thursday in federal court of making fraudulent bank entries while serving as a loan officer at the Indianapolis office of Evansville-based Old National Bank.
Area home sales still falling
Home-sale agreements in the nine-county area fell 23 percent in August. The decline marked the fourth straight month home sales have fallen in central Indiana.
Smulyan delays Emmis buyout vote again
A Wednesday evening shareholders meeting has been postponed until Thursday at 8:30 a.m., when the Emmis CEO again will try to take the company private.