Toyota Motor Corp. intends to boost its stake in Fuji Heavy Industries Ltd. from 8.7 percent to about 17 percent, according to Bloomberg. Fuji makes Subaru cars. The Fuji assembly plant in Lafayette, Subaru of Indiana Automotive Inc., in April 2007 also began assembling Toyota Camry sedans. The additional line in Lafayette resulted in approximately […]
Centerplate Inc. has alerted the state that it plans to lay off 219 workers in Indianapolis as a result of having lost a food and beverage contact at the Indiana Convention Center. Based in Stamford, Conn., Centerplate said the employees might be absorbed by Crystal Catering Inc., the Indianapolis company that won the bidding. However, […]
A Chicago-based manufacturer of railroad tank cars plans to shutter its plant in East Chicago and send production to newer, non-union plants in the South, according to The Times of Munster. Union Tank Car Co. said it is consolidating production to cope with a downturn in the market, but International Brotherhood of Boilermakers Local 524, […]
Greg Yust, formerly president and CEO of Sagamore Health Network Inc., has joined St. Francis Hospital & Health Centers as vice president of managed care contracting. Yust left Carmel-based Sagamore in January after a short stint. Sagamore was the state’s third-largest managed care organization when it was acquired in August 2007 by Philadelphia-based Cigna Corp. […]
JPMorgan Chase has cut 100 workers from its downtown operations in Chase Tower, according to spokeswoman Nancy Norris. All of the workers are in Chase’s home-equity lending processing area, Norris said. Chase eliminated another 350 workers in other cities, primarily in Rochester, N.Y. The cuts are “due to the slowdown in home-equity lending,” Norris said. […]
Rising material costs have caused Thompson Thrift Construction Inc. to alter plans for a children’s museum and hotel it is building in Terre Haute, reports The Tribune-Star. Costs for the children’s museum, which is next to a Candlewood Suites that Thompson Thrift also is building, have gone over estimates by 12 percent. The Terre Haute-based […]
Wabash National Corp. is building a $25 million semi-trailer manufacturing plant in Franklin, Ky., rather than in its headquarters city of Lafayette because a persistently low unemployment rate drove up wages and complicated efforts to hire workers. Wabash CEO Dick Giromini told analysts in a recent meeting that the lower costs in Kentucky would help […]
Applewood Cinema, an Anderson theater that shows second-run movies, is closing because of the weak economy, according to The Herald Bulletin of Anderson. The rise of home entertainment also is thought to have hurt the theater. Owned by Michigan-based Goodrich Quality Theatre, Applewood had switched in 2004 to showing films that had appeared six to […]
Dutch Housing Inc. will close a manufactured housing plant it operates in LaGrange, the LaGrange-based company disclosed in a filing with the state. The closing will throw 250 employees out of work. Company officials were not immediately available for comment. Dutch Housing is owned by publicly traded Champion Enterprises of Troy, Mich.
Racial drawings and messages were found in a public men’s restroom at Methodist Hospital, according to a statement from Clarian Health, Methodist’s parent organization. Clarian Health’s top officials sent a letter to employees Tuesday to condemn the drawings, threaten disciplinary action and ask for information about their origin. The letter said that “steps were immediately […]
The University of Notre Dame will lead a new research consortium that will launch the Midwest Academy of Nanoelectronics and Architectures in South Bend, reports the South Bend Tribune. The academy will attempt to develop the next nanoscale logic device, which is a basic building block of smaller, faster computers. The consortium includes Purdue University […]
The Anderson Plan Commission has approved an ordinance that would let large companies use icon signage in the city, reports The Herald Bulletin. The rule, passed March 25, would let Nestle construct a 45-foot-tall, 3-D replica of the Nestle NesQuik rabbit leaning against a 40-foot-tall glass of chocolate milk. The company has built a $360 […]
The Lebanon City Council is considering a plan to annex land surrounding I-65 south of the current city limits that would roughly double the city’s acreage, according to The Lebanon Reporter. The area under consideration would be a mile-wide swath, straddling the interstate and stretching south from the city almost to State Road 267. A […]
Frank Basile, one of the city’s veteran real estate executives, plans to retire May 1 after 33 years with Gene B. Glick Co., Glick announced today. Basile is senior vice president in charge of the company’s property management division. The Indianapolis firm manages 17,000 apartments in 11 states. “Frank helped to make our company a […]
Witham Health Services and St. Vincent Health will build a 42,500-square-foot medical facility inside the Anson development in Boone County, the two hospitals announced today. The new facility will cost $10 million to $12 million to build and will feature a freestanding emergency department. It will operate 24 hours a day. Duke Realty Corp. and […]
BioConvergence expects to create as many as 170 new jobs by 2011 as it grows its drug development and logistics services, the Bloomington company said today. The company plans a ribbon-cutting ceremony this afternoon on a 21,000-square-foot expansion of its facility. BioConvergence is growing because of a 10-year, multimillion-dollar contract it signed in late 2006 […]
General Electric Co. said yesterday that ideas submitted by workers to make its Bloomington refrigerator plant competitive fell short, and that the plant will be shuttered by the end of next year. Employees had tried since the initial closing announcement in January to find ways to make the plant more efficient. GE spokeswoman Kim Freeman […]
Brian K. Snyder, an Indianapolis financial adviser, was sentenced Friday to 33 months in prison after being convicted in October of using $245,000 of clients’ funds for his personal benefit. Federal Judge David Hamilton also ordered Snyder, 46, to pay $177,000 in restitution to two clients. The clients were Tech Traders Ltd., which was based […]
Declining claims have prompted car insurance companies to lower rates in Indiana, according to The Journal Gazette of Fort Wayne. Insurers’ experience in the state has been favorable overall in recent years, even though they paid out millions of dollars on claims stemming from the hailstorm that struck central Indiana in April 2007. An insurer […]
Keira Amstutz, a key player in former Mayor Bart Peterson’s cultural tourism push, today will be named president and CEO of the Indiana Humanities Council. Amstutz, who served as chief counsel and director of policy under Peterson, takes over April 14. The position has been vacant since May 2007, when Scott Massey resigned to lead […]
