A B.F. Goodrich Co. tire plant in the northeastern Indiana town of Woodburn will temporarily lay off as many as 500 of its workers for two months, according to The News-Sentinel of Fort Wayne. The layoff, which begins Nov. 1 and amounts to about 40 percent of the local work force, was forced by the […]
A shareholder in New York-based ImClone Systems Inc. has filed a lawsuit in an attempt to stop its pending acquisition by Eli Lilly and Co., according to a disclosure filed today with the U.S. Securities and Exchange Commission. State-Boston Retirement System of Massachusetts and several individual ImClone shareholders claim the company provided too little information […]
GyanSys Inc., an Indianapolis software developer that integrates supply chain management, payroll and other business functions, plans to create 139 jobs within the next six years, the Indiana Economic Development Corp. said today. The hiring will result from a $3 million headquarters expansion on the northeast side. The company currently has 17 workers. The state […]
A B.F. Goodrich Co. tire plant in the northeastern Indiana town of Woodburn will temporarily lay off as many as 500 of its workers for two months, according to The News-Sentinel of Fort Wayne. The layoff, which begins Nov. 1 and amounts to about 40 percent of the local work force, was forced by the […]
A year after a group of private-equity investors took over Biomet Inc., CEO Jeff Binder has told a Fort Wayne newspaper that he expects the company to be taken public again. Binder didn’t predict when the transition might take place, but said that the move likely would make more sense than an outright sale, The […]
Conseco Inc. expects its improving profits from operations to be overwhelmed by investment losses when it reports its third-quarter results next month. The Carmel-based insurance company, in a preliminary report, said it expects quarterly operating profit of $53 million to $59 million before investment losses, a rebound from last year’s third quarter loss of $22 […]
Indianapolis-based passenger carrier Republic Airways Holdings Inc. said today it has agreed to loan US Airways Group Inc. as much as $35 million. Republic offered an initial, $10 million loan, on Oct. 20, and has made available an additional $25 million in the first quarter of 2009. Republic flies smaller jets for US Airways, headquartered […]
Indianapolis-based Dow AgroSciences churned out $61 million in profit in the third quarter on soaring global demand for its agricultural chemicals and seeds and its success in charging higher prices. The figure included a $27 million charge for acquisition costs and hurricane damages. Dow AgroSciences reported a $15 million profit in the same quarter last […]
The group that controls Bloomington Hospital voted overwhelmingly last night to continue merger discussions with Indianapolis-based hospital giant Clarian Health. The Local Council of Women opted 316-105 against a resolution that would have rescinded a vote taken by the council on June 16, according to The Herald-Times of Bloomington. That vote, which passed 403-149, cleared […]
Aearo Technologies Inc., an Indianapolis company acquired nearly a year ago by 3M, plans to expand its operation in the northern Indiana town of Plymouth. The 25,000-square-foot expansion in Heritage Industrial Park is projected to result in 54 jobs in addition to the 90 now working in Plymouth. The manufacturer of goggles, earplugs and other […]
The 500 Festival announced today that Donald Lipski, a nationally known artist whose work graces public buildings and plazas throughout the country, is creating a $300,000 sculpture for Celebration Plaza in White River State Park downtown. The sculpture will honor the Festival’s 50 years of celebrating the Indianapolis 500 Mile Race. Site development begins today, […]
Cleveland-based National City Corp., the second-largest bank in the Indianapolis market, reported more dismal results today and said it plans to cut 4,000 jobs over the next three years in a bid to save more than $500 million. The bank lost $789 million, or $5.86 per share, in the third quarter, its fifth consecutive quarterly […]
The Indiana Chamber of Commerce today endorsed Republican Gov. Mitch Daniels for re-election. It was the first time in the business group’s 86-year history that it publicly endorsed a gubernatorial candidate. “Gov. Daniels’ record of accomplishment, particularly in the areas of job creation, innovation and sound financial management, has been critical to our state’s success […]
Uncertainty over when, or if, the U.S. Food and Drug Administration will approve prasugrel, a blood-thinner Eli Lilly and Co. hopes will be its next blockbuster, has taken a bite out of the company’s already slumping stock. Lilly shares closed Friday at $32.20, down $2.18, or 6.3 percent. It ticked up this morning, to $32.68, […]
Dow AgroSciences has added 350 jobs around the world so far this year-200 of them at its Indianapolis headquarters-and the CEO of the agricultural-chemical company expects to continue expanding the work force into next year. “Global demand for food, feed, fiber and fuel reinforces the need for agricultural productivity, and Dow AgroSciences is well positioned […]
Sears Holdings Corp. has notified the state of plans to close its store at Lafayette Square Mall.The struggling retailer is laying off 110 employees at the department store and an automotive center at Lafayette Road and West 38th Street, due to “a change in business circumstances,” the company said in a notice filed yesterday with […]
Global relocation giant Sirva Inc. announced plans this morning to centralize its national moving-services headquarters in Fort Wayne, creating 240 new jobs by 2011. It already employs 450 there. The firm, which operates Allied Van Lines and North American Van Lines, will invest more than $16 million to consolidate its Illinois-based national moving services operations […]
A pharmaceutical industry publication says the U.S. Food and Drug Administration is convening a February meeting to discuss prasugrel, a blood-thinner Eli Lilly and Co. hopes will be its next blockbuster. The move likely would delay a decision on the new drug until March, according to The Pink Sheet, a weekly publication that covers regulatory […]
Steel Dynamics Inc. said late yesterday that its third-quarter profit jumped 92 percent over the same period a year ago as the steel manufacturer’s revenue more than doubled despite a sharp decline in ferrous scrap prices. For the three months ended Sept. 30, the company said net income was $193 million, or 98 cents per […]
The St. Francis hospital system threatened to terminate its contract with Anthem Blue Cross and Blue Shield of Indiana on Nov. 2-well before the contract expires next September, saying Anthem has been slow at paying claims and has not granted St. Francis terms similar to other area hospitals. If no deal is reached before Nov. […]
