About 450,000 welding jobs will be available by 2014, according to the U.S. Bureau of Labor Statistics, and at least one Indiana company is already experiencing a shortfall of workers, reports The Journal Gazette of Fort Wayne. Welders at Warsaw Engineering and Fabricating Inc. are working overtime to keep up with production and officials there […]
Fourth-quarter profit fell nearly 70 percent for FinishMaster Inc., the Indianapolis company that distributes auto paint and other products to body shops. The $2.4 million profit was down from $7.6 million a year earlier, partly because the year-ago period benefited from the settlement of a lawsuit, FinishMaster said today. After taking out the settlement, profit […]
Fourth-quarter profit fell nearly 70 percent for FinishMaster Inc., the Indianapolis company that distributes auto paint and other products to body shops. The $2.4 million profit was down from $7.6 million a year earlier, partly because the year-ago period benefited from the settlement of a lawsuit, FinishMaster said today. After taking out the settlement, profit […]
Allied Waste Industries Inc. said this morning it will establish a customer service center in Morocco, Ind., and add 350 jobs within six years, according to the Indiana Economic Development Corp. The center is the result of the Phoenix-based company’s decision to consolidate its regional customer support operations into a centralized location. It will support […]
Officials in Greenwood and Franklin want Johnson County to consider implementing a hotel tax, reports the Daily Journal of Franklin. The money would be used to create a convention and visitors bureau. The tax, which likely would be as high as 5 percent, wouldn’t happen before next year because the current legislative session is set […]
Carlyle Capital Corp. Ltd., a unit of Carlyle Group, a Washington D.C.-based private equity group, did not meet banks’ margin calls on its $21.7 billion portfolio, according to several news services. Last fall, Carlyle Capital bought Allison Transmission in Indianapolis from General Motors Corp. for $5.6 billion. Carlyle Capital has received several notices from banks […]
Allied Waste Industries Inc. will announce this morning that it plans to remodel a site at Morocco, Ind., and add 350 customer service jobs within six years, according to The Journal & Courier of Lafayette. Morocco is between Lafayette and Merrillville in northwest Indiana. Allied Waste, headquartered in Phoenix and traded on the New York […]
Athletic-footwear retailer Finish Line Inc. said today its fourth-quarter same-store sales fell 6 percent, versus a 5.4-percent decline in the year-ago period. Stock in the Indianapolis company fell 3.4 percent, to $3.99, following the news. Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it […]
A 750,000-square-foot warehouse in Seymour will become vacant this summer after the latest in a string of third-party logistics providers moves out. Germany-based Schenker Logistics has announced it will leave the facility, which distributes computer printers for Lexmark International Inc., an IBM spinoff headquartered in Lexington, Ky. About 80 full-time and 40 temporary workers will […]
Hoosier Outdoor Advertising Corp., a Bloomington-based billboard company operating primarily in southern Indiana, has been acquired by Lamar Outdoor Advertising, a unit of Lamar Advertising Co. of Baton Rouge, La. Some Hoosier Outdoor workers no longer are with the company following the Feb. 21 deal, according to The Herald-Times of Bloomington. The company would not […]
Growth in the Midwest manufacturing sector was stable in January and February, the Federal Reserve Bank of Chicago reported today in its Beige Book report. Manufacturers tied to aircraft, cranes, energy extraction and mining flourished, the Fed said. Steelmaking, aided by the low price of the dollar, was close to full production. However, makers of […]
Indiana farmland values skyrocketed to record levels last year, according to the most recent survey of agricultural lenders by the Federal Reserve Bank of Chicago. Prices in the northern two-thirds of the state shot up 6 percent in the fourth quarter and 16 percent in 2007. Southern Indiana was not included in the survey because […]
Two women accused of purchasing houses, recruiting buyers and then falsifying documents so lending companies would pay more than the houses were worth have been charged with mortgage fraud, the U.S. Attorney’s Office for the Southern District of Indiana announced today. Beverly Ross and Donella Locke, both of the Indianapolis area, were indicted by a […]
Jill Long Thompson said this morning that if she is elected governor, she will focus economic development policy on broad issues, including expanding tax incentives, reforming health care and education policy. Thompson, a former congresswoman and agriculture undersecretary who faces Indianapolis architect Jim Schellinger for the Democratic nomination, said incumbent Gov. Mitch Daniels has focused […]
Indianapolis-based Village Pantry Inc. has acquired nine convenience stores in central Ohio from Petro Acquisitions Inc. Village Pantry said the AmeriStop Market stores would be rebranded as Village Pantry. They were owned and operated by Petro, which is headquartered in the Cincinnati suburb of West Chester. In October, Village Pantry bought 33 convenience stores in […]
Indianapolis-based Peerless Pump Co. has acquired Flometrico Ltd., its main distributor in Canada, for an undisclosed price. Flometrico, which was sold by an owner who is retiring, is headquartered in suburban Toronto. Peerless said March 1 that the deal adds a base it will use to grow in Canada, and that key Flometrico employees have […]
Profit at Hurco Cos. Inc. soared 45 percent in its first fiscal quarter on a surge in sales in Europe and Asia. The Indianapolis-based machine tool maker reported $7.8 million in profit in the quarter ended Jan. 31. About 10 percent of the $60.9 million in sales resulted from a weakened dollar. A cheaper dollar […]
Only 18 percent of people polled in a survey by Bloomberg and the Los Angeles Times said they plan to spend the federal government’s rebate check when it comes. A third plan to save it and about another third said they’ll pay off debt with the money. Congress approved the rebate checks on the expectation […]
Carmel-based Delta Faucet Co. cut 20 workers at its plant in Greensburg, reports the Greensburg Daily News. The number represents about 25 percent of the facility’s salary positions. The continued downturn in the housing market was blamed for the employee reduction. Delta Faucet employees told the newspaper that they were told an undetermined number of […]
The AM General Corp. plant in Mishawaka, which makes the Hummer H2 sport-utility vehicle, hasn’t been affected by the strike at American Axle & Manufacturing Holdings Inc., but could be if the strike lingers long enough, according to the South Bend Tribune. The Hummer plant is supplied by an American Axle site in nearby Three […]
