Starbucks Corp. plans to close a location at 3021 W. 16th St. as part of a downsizing that the Seattle coffee giant blames on a slow economy and decline in consumer confidence. About 600 stores will be shuttered nationwide in the pull-back, Starbucks announced July 1. Only one other Indiana location will close, in the […]
AM General, the Mishawaka company that makes Humvee military vehicles and the hulking Hummer sport-utility vehicle, says it’s about to sign an agreement to build the new Standard Taxi for Vehicle Production Group LLC of Troy, Mich. Assembly could begin next year, according to the South Bend Tribune. Prototypes generated by Vehicle Production Group are […]
Crown Point Development Corp., the economic development arm of the northwestern Indiana city, has sued a company that was expected to create at least 200 jobs in the city, according to The Times of Munster. Crown Point loaned Plasmatronics Inc. $380,000 to lure the company to the city last year. However, Plasmatronics, which intended to […]
The Indiana University School of Medicine has received $1.25 million from the National Institutes of Health to expand a partnership with Purdue University to train physician-scientists. The grant is one of 40 given nationally by the NIH. The IU-Purdue program leads to both a medical doctorate and a Ph.D. degree. IU accepts only five students […]
Two Indiana University friends who sold Steve & Barry’s LLC t-shirts through a company they started have sued the struggling retailer for $12,300 they say they are owed. Finance major David Modiano and Matt Kesten, a New York advertising salesman who graduated last summer, say Steve & Barry’s hasn’t paid them for “Sampsonite” t-shirts their […]
Carmel-based American Med-Scan has been acquired for an undisclosed price by Wells Fargo Insurance Services Inc., Wells Fargo announced today. American Med-Scan’s operations will be merged into the insurance brokerage’s local offices. The deal brings Wells Fargo Insurance operations in the state to 38 banking stores, 10 mortgage stores and 15 consumer finance stores, a regional commercial […]
A code-of-conduct committee in Australia has fined Indianapolis-based Eli Lilly and Co. $60,000 for a press release that the committee said promoted its Cialis erectile-dysfunction drug directly to the public. However, Lilly will not have to follow up with corrective ads, according to The Australian newspaper of Sydney. Lilly told the newspaper it was disappointed […]
Navistar Inc. plans to add 200 professional positions by the end of the year at its Truck Engineering Facility in Fort Wayne, the Illinois company said yesterday. The new positions include mechanical, electrical, systems and software engineers. The jobs are a mix of entry-level, management and contract positions. Navistar has 1,100 employees at the site. […]
A key hotel in the tourism community of Nashville plans to rebuild after a fire in January 2007 eliminated half its rooms. Andy Rogers, who owns The Seasons Lodge, submitted plans to the town’s Development Review Commission this week. The commission OK’d the plans despite his not securing the certificate of appropriateness necessary to gain […]
Steve & Barry’s LLC, a clothing retail chain with stores in Washington Square and Lafayette Square malls, is considering closing 100 stores as it struggles to pay its debts, according to published reports this week. It isn’t clear how many stores would close, and whether any closings would sweep in the Indianapolis locations. In a […]
Cooper Tire & Rubber Co., the Findlay, Ohio, tire manufacturer, plans to move a warehouse operation to Franklin from Dayton, Ohio. The 808,500-square-foot building will be located in Franklin Tech Park near I-65, and open in 2011 with 60 workers, according to the Daily Journal of Franklin. Cooper has asked for $275,000 in local tax breaks […]
The flooding that socked central and southern Indiana on June 7 created more than $100 million in damages to Cummins Inc., the Columbus diesel engine maker. Insurance will cover all costs but the deductible, the company told The Republic of Columbus. Most of the damage was confined to the Technical Center, and the research and […]
Some workers at BorgWarner Automotive’s plant in Muncie believe a layoff last Friday could signal an early end to the plant, according to The Star Press of Muncie. The Auburn Hills, Mich., company issued the notices to 193 employees – about half the work force – as the annual summer break was about to get […]
Hamilton County is the best place in the country for raising families, Forbes magazine said in a recent ranking. Hamilton County boasts good schools, low-priced housing and cost of living, and fairy short commutes, the magazine said. The ranking included counties with at least 65,000 residents. Hamilton has 250,000. Good schools were given high priority. […]
Grubb & Ellis Healthcare REIT Inc. has acquired 13 health care properties in the Indianapolis area from HCP Inc., a real estate investment trust headquartered in Long Beach, Calif., for an undisclosed price. The portfolio is spread across 20 buildings and 689,000 square feet, said Grubb & Ellis, which is based in Santa Ana, Calif. […]
An impasse between the private operator of the Indiana Toll Road and the union that has represented collectors since December might lead to a strike, according to WSBT-TV Channel 2 in South Bend. Negotiations were to resume today. The 150 members of the International Brotherhood of Teamsters have worked without a contract since voting in […]
Flaherty & Collins Properties, an Indianapolis construction, development and management firm, announced this week that it will manage an additional 13 apartment communities for Alliant Real Estate Investments LLC. The new properties include 1,200 units in Michigan, Kentucky, Virginia, Tennessee and Georgia. Flaherty & Collins now handles 18 communities and 1,200 units for Alliant, which […]
A veteran health care lobbyist has been hired by The Corydon Group LLC to expand its lobbying into health care. Louis M. Belch, who will be president of the new division, most recently was a contract lobbyist, and is a former legislative liaison for the Indiana State Medical Association. The downtown firm claims to be […]
The CEO of AIT Laboratories in Indianapolis has won a Midwest Entrepreneur of the Year award from Ernst & Young in the “turnaround” category. Michael A. Evans received the award at a gala in Chicago last night. Evans spent his savings to found AIT 18 years ago. Growth initially came slowly for AIT, which conducts […]
Airports in Evansville, Fort Wayne and South Bend are in danger of losing air service due to the rising cost of aviation fuel, says a study released yesterday by a consumer group. The Business Travel Coalition, which advocates for lower business-travel costs, today planned to discuss the 50 regional airports identified in its study during […]
