The Gary/Chicago International Airport Authority Board has approved temporarily leasing 50 acres of the airport’s designated foreign trade zone to Gary’s Chase Street Industrial Center, according to The Times of Munster. The Center has applied for a foreign trade zone designation from the federal government on behalf of a tenant. The process can take two […]
Indianapolis-based Duke Realty Corp. reported it spent $89.5 million on development and $28 million on acquisitions in the first quarter, down from a total of $137.1 million in the same period last year. About $43 million of the newly developed property will be added to the company’s rental inventory. The rest will be sold. The […]
Wall Street Journal technology columnist Walter Mossberg writes in a column today that the ChaCha Web browser is “a fun and useful service.” Answers supplied by ChaCha, the Carmel startup founded by tech entrepreneur Scott Jones, generally were fast, accurate and useful, the influential columnist said. By calling 800-2chacha, Mossberg was able to find local […]
BP Alternative Energy plans to buy NiSource Inc.’s Clean Energy plant in Whiting for $210 million. The Whiting facility uses heat generated by its power station to make electricity sold on the open market. Steam generated by the station is sold to a BP refinery, also in Whiting. No job cuts will result from the […]
A development company is buying 185 acres on the east side of Shelbyville with plans to turn it into retail space. Shelbyville Development Group LLC is owned by Wyoming retail developer Tom Kremer along with Robert Rynard Jr. of Greensburg and Chad Middendorf of Louisville. Kremer told The Shelbyville News that it’s too early to […]
West Terre Haute-based Marion Manufacturing said it plans to spend $2 million to expand its operations and more than double its work force by 2011. The woman-owned business provides machining services to heavy-equipment makers like Illinois-based Caterpillar, as well as automotive, aerospace, agriculture and medical clients. The company employs 35 and expects to hire another […]
Shares of Republic Airways Holdings Inc. were down 10.7 percent this morning on news the locally based airline had severed ties with bankrupt Frontier Airlines. Shares were at $16.03 as of 11 a.m. Republic this morning said it would begin breaking away from Frontier due to the Denver-based airline’s recent decision to file for Chapter […]
Workers at Boston Scientific Corp.’s plant in the southern Indiana town of Spencer fear departments that manufacture catheters and stents might be moved to Costa Rica, but the Massachusetts company wouldn’t comment. Most workers leaving the plant yesterday wouldn’t discuss the changes with The Herald-Times of Bloomington, but some whose names weren’t disclosed said the […]
PlantCML Inc., which bought Indianapolis-based Reverse 911 in May last year, itself has been acquired by EADS North America for $350 million. PlantCML, headquartered in Temecula, Calif., was owned by Golden Gate Capital, a private equity fund in San Francisco. EADS North America is based in Arlington, Va., and is an arm of aerospace and […]
Whirlpool Corp.’s refrigerator plant in Evansville has suspended 39 production workers suspected by the company of continuing to smoke despite claiming on health insurance forms that they were nonsmokers. Fact-finding meetings with each of the workers will precede final discipline, the company told the Evansville Courier & Press. Whirlpool learned of the alleged infractions from […]
WellPoint Inc. hired Kevin R. Hayden as president of its Medicaid business division, the company announced today. Hayden will begin the job April 21. The Indianapolis-based health insurer has contracts with Medicaid programs in 14 states, including Indiana, serving 2 million customers. WellPoint has more than 35 million customers nationwide. Before joining WellPoint, Hayden was […]
An Iowa State University forecaster is pegging the odds of a major summer drought in the Midwest at one in three. Elwynn Taylor, who has been producing the forecasts for 20 years, called the chance “significant,” the Chicago Tribune reported. Major droughts tend to hit the Midwest every 18 to 19 years, Taylor said. The […]
Moody’s Investors Service said today it is considering another downgrade of Conseco Inc. and its life insurance units after it bumped the Carmel company to negative from stable in September last year. Conseco’s $173 million operating loss in 2007 was “well below expectations” largely due to ongoing problems with its long-term care business, and earnings […]
WellPoint Inc. announced today that it has acquired Maryland-based Resolution Health Inc., a personal health care guidance company, for an undisclosed price. Resolution Health has developed software that compiles medical, pharmacy and lab-claims data, pairs them with lab results and personal health information on individuals, and then makes suggestions on gaps in care or warns […]
Monroe County could lose $1.2 million in taxes after General Electric Co. closes its refrigerator plant in Bloomington next year. The company paid nearly $1 million in property taxes last year, and the $22 million payroll likely generated about $221,000 from the county’s 1-percent county option income tax, according to The Herald-Times of Bloomington. The […]
A former employee of WellPoint Inc. has filed a lawsuit that claims his pension plan was mismanaged because his pension was invested in declining stock of the Indianapolis-based health insurance giant. Paul West’s suit seeks class-action status for 10,000 pension-plan participants, according to Bloomberg. WellPoint shares have slumped 45 percent this year, to about $50. […]
The Linton City Council has approved the sale of 19 acres it owns to Bedford-based Hi-B Fuels for a biomass plant, according to the Greene County Daily World. The sale price was $60,000. The southern Indiana plant will accept yard and lumber trimmings which it will mix with coal to make fuel. The plant will […]
Steel giants ArcelorMittal of Belgium and Nippon Steel Corp. of Japan plan to double production of galvanized steel at their I/N Kote joint venture in New Carlisle and add 100 workers by 2010. The plant galvanizes steel made by ArcelorMittal’s mills in Indiana Harbor and Burns Harbor on Lake Michigan, and Nippon’s operation in New […]
Major Hospital in Shelbyville plans to open an immediate care center this fall, according to The Shelbyville News. The center, which will provide non-emergency care, will share space at Rampart Professional Center with the HealthWorks Occupational Health Clinic, which focuses on job-related injuries and illnesses. The center has not been named, and a more specific […]
An Idaho firm is applying to the federal government for a permit to study building a hydroelectric power plant at Newburgh Lock and Dam, which is up the Ohio River from Evansville. Symbiotics LLC is interested in a plant that would generate 80 to 100 megawatts, according to the Evansville Courier & Press. The company […]
