Indiana Finance Co. plans to move its Chesterfield headquarters to Daleville and double its employee roster to 90, according to The Star Press of Muncie. The site of the expansion, in Heartland Business Center, is where IBM launched a 200-employee call center this fall. The former outlet mall on Interstate 69 also attracted Jarden Home […]
Shares of The Steak n Shake Co. have tumbled 20 percent over the last two trading days – driven down, in part, by the company’s announcement late Friday afternoon that sales remained weak. The stock trended down throughout the day Friday and shed another $1.30 a share this morning, leaving it at $8.18. It now […]
Demand for registered nurses is remarkably strong across Indiana, a state ranking shows. The occupation is classified as hottest of the “hot” jobs tracked by the Indiana Department of Workforce Development. Projected demand for registered nurses ranks at the top in seven of 11 regions of the state, the department says. In the other four […]
Legislation has been introduced in the Indiana House that would look at the nearly 120 corporate tax breaks now in Indiana code to see if the incentives are improving the economy, reports The News-Dispatch of Michigan City. State Rep. Scott Pelath, D-Michigan City, who introduced House Bill 1242, believes tax breaks that haven’t created jobs […]
The Steak n Shake Co. announced late this afternoon that same-store sales in its fiscal first quarter tumbled 9.5 percent. It was the latest bleak news for the Indianapolis-based diner chain, which now has reported 10 straight quarters of declining same-store sales. The latest results cover the quarter that ended Dec. 19. The company will […]
Carl F. Booth Veneers, which provides exotic wood veneers to the executive aircraft industry, will move its New Albany operations to Jeffersonville and create 60 new jobs. The company will close the existing plant and build a 100,000-square-foot facility in Jeffersonville within the next year to increase production and meet increasing demand for its products, […]
Federal Communications Commission members have approved the buyout of Clear Channel Communications Inc., which owns WFBQ-FM 94.7 and two other Indianapolis radio stations, according to a report in The Wall Street Journal. The newspaper said a formal announcement could follow within a week, although the FCC wouldn’t comment. Leading the group acquiring San Antonio-based Clear […]
Incoming Eli Lilly and Co. CEO John Lechleiter can add another feather to his nice-guy hat. Mike Huckman, who follows the pharmaceutical industry for CNBC, wrote in an online posting this week that he was impressed when he interviewed Lechleiter during an industry gathering Monday. Lechleiter takes over for retiring Lilly CEO Sidney Taurel on […]
A Michigan-based investment firm has paid more than $30 million for the 12-story Landmark Center at 1099 N. Meridian St. Quantum Investments bought the property from Illinois-based Westminster Funds, said Jenna Rowe, a spokeswoman for CB Richard Ellis, which marketed the property. Rowe said the sale price was between $100 and $125 per square foot, […]
Direct Buy Inc., a Merrillville company that franchises 149 centers where members buy directly from manufacturers, has been acquired by Miami-based private investment firm Trivest Partners LP and Direct Buy managers. Terms were not disclosed. The parties said the deal will infuse the company with strategic and financial resources to expand. In Indiana, Direct Buy […]
The U.S. Department of Justice has started an inquiry into its internal practices after the law firm of former Attorney General John Ashcroft was named to oversee business practices of Warsaw-based prosthetics maker Zimmer Holdings Inc. Current Attorney General Michael Mukasey and some aides fear the department appears to be in a conflict of interest, […]
Work on a $530 million automotive transmission plant near Tipton has ground to a halt over a dispute between its partners, Chrysler LLC and German transmission maker Getrag. Construction stopped Dec. 21, ostensibly for a holiday break, but the work hasn’t resumed, according the Kokomo Tribune. Without naming its sources, the newspaper reported that the […]
Some online traders made $100 for every $1 they bet on Hillary Clinton’s winning the New Hampshire primary Tuesday, according to Bloomberg. Clinton’s chances of taking the pivotal state were so battered after she placed second to Barack Obama in Iowa that Obama’s odds had skyrocketed to 99 percent. One poll showed Obama leading Clinton […]
The soft economy might feel like a recession, but isn’t, and conditions won’t deteriorate into a recession. That’s the take of 62 economists surveyed by Bloomberg from Jan. 3-8. Their median estimate predicts the economy will grow 1.5 percent through June, the slowest since the final three quarters of 2001. One of the economists, Mickey […]
A sluggish radio market continued to plague Emmis Communications Corp., which today reported a fiscal third-quarter loss of $2.1 million. The locally based media company showed a $946,000 profit a year earlier. Revenue in the three months ended Nov. 30 was $91.7 million, up slightly from $91.2 million last year. Radio revenue fell 3.2 percent, […]
Nearly 103,000 visitors took in the Indianapolis Museum of Art’s recently closed exhibit “Roman Art from the Louvre,” setting an attendance record for a traveling exhibit at the IMA. The collection of Roman artifacts opened Sept. 23 and closed Jan. 6, logging 102,980 visits and eclipsing the previous record holder, “Gifts to the Tsars.” That […]
The U.S. Food and Drug Administration has approved once-daily use of Cialis, the anti-impotence pill made by Eli Lilly and Co., the Indianapolis drugmaker announced today. The once-daily version is a lower dose designed to allow men to have sex at any time between doses. It already has been available in parts of Europe. Since […]
South Bend-based GramTel USA Inc. has been acquired by Cincinnati Bell Inc. for about $20 million. GramTel, which was a unit of Chicago-based Jordan Industries Inc., provides disaster recovery, data backup and related services. It expects to post revenue of about $5 million for 2007, a 73-percent increase from 2006. In early December, Cincinnati Bell […]
Georgia-based Great Dane Trailers has laid off 130 workers at its plant in Brazil in west-central Indiana, reports The Tribune-Star in Terre Haute. The company said a downturn in the housing and automotive markets prompted the layoffs at the plant, which employs about 1,000. Great Dane officials expect the market to turn around in the […]
Miller Plating & Finishing LLC in Evansville closed at the end of the year after a struggle with bankruptcy, according to the Evansville Courier & Press. About 90 workers lost jobs at the company, which focused on plating and polishing metal. Miller sought Chapter 11 bankruptcy protection and then filed Chapter 7, placing its assets […]
