Navistar International Corp. said this morning it will close its Indianapolis engine plant and adjacent Indianapolis Casting Corp. foundry effective July 31. The closing was largely expected after Navistar agreed earlier this month to stop producing diesel engines for Ford Motor Co. Navistar’s Brookville Road plant produces engines used in Ford’s F-Series pickup. The two […]
Steak n Shake Co. extended its bad run into the new year, reporting a $3.4 million loss for its first fiscal quarter yesterday, up from a $1.2 million loss in the prior-year period. It was the Indianapolis-based restaurant chain’s fifth consecutive quarterly loss. Total revenue for the quarter ended Dec. 17 was $131.7 million, off […]
Locally based Koorsen Fire & Security Inc. has acquired Ohio Electronic Protection, a security firm based in Columbus, Ohio. Terms of the deal were not disclosed. Founded in 1946 in Indianapolis, Koorsen is a privately held company with 658 employees and about 20 locations ranging from Indiana to Florida. It provides electronic security systems, fire […]
The newly crowned Miss America says she can’t wait to get started in her new job as a spokeswoman for the Children’s Miracle Network and other causes. Seymour’s own Katie Stam, 22, won the crown Saturday night. She’s the first Hoosier to win the title in the 88-year history of the pageant. Stam is a […]
An Indianapolis teenager is in critical condition after he was shot in the head during an apparent robbery last night. Police found Jeremy Swift, 16, lying near a car at Lakeview Terrace Apartments near 21st Street and Mitthoeffer Road about 6:20 p.m. Swift was taken to Wishard Hospital. Investigators believe four men wearing ski masks […]
Evansville-based Old National Bancorp today reported fourth-quarter profit of $6.6 million, down from $22 million in the same period the prior year. Earlier this month, the company told the U.S. Securities and Exchange Commission that its quarterly results would be affected by higher-than-expected loan losses of $17 million and the write-off of a check fraud […]
The American Legion hosted a rally on the steps of the Indiana Statehouse this morning in an effort to save a children’s home for closure. The Indiana Soldiers’ and Sailors’ Children’s Home in Knightstown is scheduled to shut down in May. State officials say the home is inefficient and expensive, costing $91,000 per student each […]
Police have questioned and cleared a woman in connection with a string of bus stop robberies last week, but investigators are still looking for her husband. Several students were robbed at gunpoint last week on Indianapolis’ northeast side, including one who was pistol whipped. Investigators say Tamara Edwards turned herself in for questioning, and they […]
Evansville-based Old National Bancorp today reported fourth-quarter profit of $6.6 million, down from $22 million in the same period the prior year. Earlier this month, the company told the U.S. Securities and Exchange Commission that its quarterly results would be affected by higher-than-expected loan losses of $17 million and the write-off of a check fraud […]
Manufactured housing maker Liberty Homes Inc. has tentative plans to close its plant in Syracuse, eliminating about 80 jobs in the process. The Goshen firm filed a closing notice with the state last week, saying layoffs could begin about March 20. Liberty has seven manufacturing facilities nationwide. The closure is another blow to northwest Indiana’s […]
These businesses have received loans from financial institutions with
a guarantee
from the SBA. Not all funds are disbursed immediately. Furthermore, some approved loans are subsequently canceled.
State and local governments in Indiana aren’t known for pouring tax money into so-called progressive causes. Private money often has to step in. A shining example is the $15 million Gene and Marilyn Glick gave to the Indianapolis Cultural Trail, a $50 million alternative-transportation project that’s getting most of its money from the private sector. […]
