IBJ Staff

The lucrative National FFA convention will be split between Indianapolis and Louisville from 2013 to 2019, the Louisville television station WHAS-TV Channel 11 reported last night, citing unnamed sources familiar with an announcement planned this morning. Indianapolis snatched rights from Louisville to host the convention from 2006 to 2012 after Louisville had seen the blue-jacketed […]

Crawfordsville-based auto parts maker Friction Holdings LLC announced today that it will stop operating in February, throwing 461 employees out of jobs in the city northwest of Indianapolis and another 171 at a plant it operates in Mississippi. The company said it lost a large chunk of business, and couldn’t cut costs enough to compensate. […]

Newman Equipment Inc., a southwest-side company that sells parts and services for excavators and material handlers, has been acquired by Reco Equipment Inc. of Morristown, Ohio, for an undisclosed price. The name of the Indianapolis company, which has five mechanics and trucks, has been changed to Reco. The deal adds central Indiana to Reco’s footprint, […]

OrthoIndy and its Indiana Orthopaedic Hospital will open an outpatient center on the south side in the fall of 2010, they announced today. The 75,000-square-foot building will be similar to a center they opened in Brownsburg in September. It will be east of I-65 and south of County Line Road in Greenwood. The location is […]

Columbus diesel engine maker Cummins Inc. today said the slowing economy has forced it to revise its 2008 outlook downward. Sales will rise 9 percent rather than the previous guidance of 12 percent, and profit will increase 9 percent instead of 10 percent. Most of the declines are coming in its engine and components businesses, […]

Profit plummeted 40 percent for Hurco Cos. Inc. in its fourth fiscal quarter, the Indianapolis machine tool maker reported today. The decline to $3.4 million in the period ended Oct. 31 was caused by the slumping global economy, Hurco said. Sales edged up slightly in Europe, but fell in North America and dropped by more […]

Daphne Clark, whose roles at WellPoint Inc. have included serving as chief of staff to CEO Angela Braly, has been tapped to direct the Medical Technology Leadership Forum. The forum is the not-for-profit think tank that’s moving this month from Minneapolis to the Indiana University Research and Technology Corp. campus on Indianapolis’ downtown canal. From […]

Truck trailer manufacturer Wabash National Corp. announced today that it will lay off 800 employees at its Lafayette plant with the intent of calling them back to work in the second quarter. The layoff begins Dec. 22. Other workers will have an extended holiday shutdown lasting from Dec. 22 to Jan. 6. Lafayette-based Wabash didn’t […]

Dalton Corp., a foundry headquartered in the northern Indiana city of Warsaw, has filed for Chapter 11 bankruptcy protection from creditors. Dalton has about 1,500 workers at gray iron foundries in Warsaw and Kendallville, and a machining facility in Stryker, Ohio. The company supplies castings for air-conditioning, engines, transmissions and other uses. The bankruptcy was […]

Lilly Endowment has committed $300,000 to the International Center of Indianapolis for the 10th year in a row. The funds will be used for programs including cross-cultural training for employees and helping families relocate from other countries. The not-for-profit focuses on connecting people from various cultures in the city.

A study released today by the Democratic-leaning Economic Policy Institute estimates 40,700 to 147,300 Hoosiers would be thrown out of jobs if one or more of the three Detroit automakers were to shut down. The figures equate to 3 percent to 5 percent of the state’s 2.9 million workers. Only Michigan would be hit harder, […]

A plant in Fremont that makes enclosures for electronics, computers and telecommunications equipment will close by Aug. 1, throwing 114 out of work, according to The Journal Gazette of Fort Wayne. The work is being consolidated at a plant in Urbana, Ohio. Both sites are owned by Rittal Corp., which is headquartered in Springfield, Ohio, […]

DHL Express’ exit from the package delivery business in the United States will result in 323 workers losing their jobs in Indiana. Most of the jobs, 189, are in Indianapolis, according to the Indiana Department of Workforce Development. The rest are in Lafayette, Bloomington and South Bend. The layoffs will be finished by Jan. 23, […]

Fifty of ImClone Systems Inc.’s 1,280 employees have been laid off just two weeks after Eli Lilly and Co. closed its acquisition of the New York cancer drug developer, according to New Jersey Business. Nearly half of ImClone’s 70 sales people were eliminated. Most were focused on ImClone’s main drug, Erbitux. Indianapolis-based Lilly paid $70 […]

Edgeworth Laskey Properties LLC is set to make an announcement tomorrow about a Fishers location it has attempted to develop for a decade. The site, west of Interstate 69 and south of 106th Street, has been targeted for an office complex since 1998. Tomorrow’s announcement is scheduled at Fishers Town Hall and is expected to […]

The 1,230-foot-long mural painted by Eli Lilly and Co. workers in May has been named the largest paint-by-number mural by Guinness World Records. The mural, which stetches along a concrete retaining wall on Madison Avenue south of Lilly’s campus, was painted during a day when 8,400 employees beautified the city by planting trees, cleaning weeds […]

A sweeping round of plant closings and layoffs announced this morning by Dow Chemical Co. is likely to miss its agricultural arm, which is based in Indianapolis. Rather, the company said, Dow AgroSciences plans to continue hiring in Indianapolis and at its locations elsewhere in the world. “We are in the business of developing innovation […]

Five of the 800 people who worked at Pfizer Inc.’s manufacturing plant in Terre Haute before it closed nearly a year ago have started a company that will offering testing for drug and food companies. Midwest Compliance LLC will be assisted by Terre Haute Innovation Alliance, a consulting service based at Indiana State University. Ex-Pfizer […]