Steve & Barry’s LLC, a clothing retail chain with stores in Washington Square and Lafayette Square malls, is considering closing 100 stores as it struggles to pay its debts, according to published reports this week. It isn’t clear how many stores would close, and whether any closings would sweep in the Indianapolis locations. In a […]
Cooper Tire & Rubber Co., the Findlay, Ohio, tire manufacturer, plans to move a warehouse operation to Franklin from Dayton, Ohio. The 808,500-square-foot building will be located in Franklin Tech Park near I-65, and open in 2011 with 60 workers, according to the Daily Journal of Franklin. Cooper has asked for $275,000 in local tax breaks […]
The flooding that socked central and southern Indiana on June 7 created more than $100 million in damages to Cummins Inc., the Columbus diesel engine maker. Insurance will cover all costs but the deductible, the company told The Republic of Columbus. Most of the damage was confined to the Technical Center, and the research and […]
Some workers at BorgWarner Automotive’s plant in Muncie believe a layoff last Friday could signal an early end to the plant, according to The Star Press of Muncie. The Auburn Hills, Mich., company issued the notices to 193 employees – about half the work force – as the annual summer break was about to get […]
Hamilton County is the best place in the country for raising families, Forbes magazine said in a recent ranking. Hamilton County boasts good schools, low-priced housing and cost of living, and fairy short commutes, the magazine said. The ranking included counties with at least 65,000 residents. Hamilton has 250,000. Good schools were given high priority. […]
Grubb & Ellis Healthcare REIT Inc. has acquired 13 health care properties in the Indianapolis area from HCP Inc., a real estate investment trust headquartered in Long Beach, Calif., for an undisclosed price. The portfolio is spread across 20 buildings and 689,000 square feet, said Grubb & Ellis, which is based in Santa Ana, Calif. […]
An impasse between the private operator of the Indiana Toll Road and the union that has represented collectors since December might lead to a strike, according to WSBT-TV Channel 2 in South Bend. Negotiations were to resume today. The 150 members of the International Brotherhood of Teamsters have worked without a contract since voting in […]
Flaherty & Collins Properties, an Indianapolis construction, development and management firm, announced this week that it will manage an additional 13 apartment communities for Alliant Real Estate Investments LLC. The new properties include 1,200 units in Michigan, Kentucky, Virginia, Tennessee and Georgia. Flaherty & Collins now handles 18 communities and 1,200 units for Alliant, which […]
A veteran health care lobbyist has been hired by The Corydon Group LLC to expand its lobbying into health care. Louis M. Belch, who will be president of the new division, most recently was a contract lobbyist, and is a former legislative liaison for the Indiana State Medical Association. The downtown firm claims to be […]
The CEO of AIT Laboratories in Indianapolis has won a Midwest Entrepreneur of the Year award from Ernst & Young in the “turnaround” category. Michael A. Evans received the award at a gala in Chicago last night. Evans spent his savings to found AIT 18 years ago. Growth initially came slowly for AIT, which conducts […]
Airports in Evansville, Fort Wayne and South Bend are in danger of losing air service due to the rising cost of aviation fuel, says a study released yesterday by a consumer group. The Business Travel Coalition, which advocates for lower business-travel costs, today planned to discuss the 50 regional airports identified in its study during […]
Eight months after Steel Dynamics Inc. acquired the scrap steel recycler OmniSource Corp., six OmniSource executives have resigned. Three of the six were members of the Rifkin family, which sold OmniSource to Steel Dynamics for $1.1 billion, according to The Journal Gazette of Fort Wayne. Fast-growing Steel Dynamics and OmniSource both are in Fort Wayne. […]
Lebanon‘s city council has voted to bring more than six square miles along Interstate 65 into the city and zone the land for single-family housing. The 3,675 acres extends half a mile on each side of the interstate, and as far south as State Road 267, according to The Lebanon Reporter. The council could make […]
Locally based Brightpoint Inc. today said that it has reached an agreement with New Jersey-based Verizon Wireless to distribute wireless devices to the carrier’s authorized agents and national retailers. Brightpoint spokesman Anurag Gupta called the pact “a significant deal for us.” Verizon is one of the nation’s largest wireless networks.
Intense bidding yesterday from parties in Asia, the Middle East, Europe and the United States pushed the auction price of a Claude Monet painting owned by Columbus industrialist J. Irwin Miller and his wife, Xenia, to $80.45 million. A spokesman for Christie’s Auction House said the “Le Basin aux Nympheas” nearly broke a record for […]
Miller Pipeline Corp., the pipeline contractor owned by Evansville-based Vectren Corp., has acquired a small pipeline contractor in Greenville, S.C., for an undisclosed price, Miller said yesterday. The South Carolina firm, E&M Pipeline, has 35 workers. E&M pushes Indianapolis-based Miller into its 22nd state. Most of Miller’s work is in Indiana and Ohio. The acquisition […]
Raj Bal will become president of WellPoint’s Inc.’s individual business on July 8, the company announced today. Bal comes from Milwaukee-based Assurant Health, where he was executive vice president and chief operating officer. He also serves on the policy committee for America’s Health Insurance Plans. He has an economics degree from Concordia University in Montreal, […]
Zimmer Inc. is racking up sales of a knee replacement designed for women despite lingering concern in the medical community that the implant is mostly a sales gimmick. More than 24,000 of the implants have been sold since the launch of Gender Solutions in 2006, according to The Journal Gazette of Fort Wayne. The women’s […]
Indianapolis-based Specialty Coating Systems Inc. has been acquired for an undisclosed price by Berwind Corp., a Philadelphia-based private investment manager. Specialty Coating was owned by Bunker Hill Capital LP of Boston, which had acquired it from Rhode Island-based Cookson Electronics in December 2005. Specialty Coating has nine facilities in the Americas, Europe and Asia that […]
Cedar Run Investments LLC, owned by Indianapolis developer Tim Shrout, has received the go-ahead from the Shelby County Plan Commission to build an industrial park in Shelbyville. The project will target suppliers to the Honda Manufacturing of Indiana plant in nearby Greensburg. The commission voted Wednesday to rezone 100 acres from agriculture to manufacturing, according […]
