Descendents of the founder of Indiana Beach amusement park have sold the operation to Morgan RV Resorts, a campground and RV park owner headquartered in Queensbury, N.Y., for undisclosed terms. The deal was announced yesterday, according to the Herald Journal of Monticello. Locations included in the sale are Indiana Beach amusement park, Jelleystone Park Camp-Resort […]
Mutual First Financial Inc. in Muncie said yesterday it would restate its cash flow for 2006 because officials misunderstood where to allocate loan sale activities. The sales were allocated to operating activities rather than the proper category of investing activities, the bank said in a Securities and Exchange Commission filing today. In an interview, Assistant […]
A new president and CEO has been appointed at American Commercial Lines, the big barge builder headquartered in the southern Indiana city of Jeffersonville, after the company reported a plunge in profit. Michael Ryan, the company’s senior vice president of sales and marketing, will replace Mark Holden on March 1, the parent of Jeffboat said […]
Last year, Bloomington’s downtown netted 18 new businesses, with 25 businesses opening and seven closing, according to The Herald Times, citing a report issued by Bloomington Downtown Inc. The report also said eight companies expanded and 12 buildings were renovated. Downtown commercial space is 95-percent occupied, the report said. The positive numbers from 2007 continue […]
A plant in Greenwood operated by Mitsubishi Heavy Industries Climate Control Inc. will close in September because the company lost a key contract with an undisclosed customer, according to the Daily Journal of Franklin. Some of the 60 workers might be transferred to a plant operated by the company at its headquarters in nearby Franklin. […]
A venerable downtown homeless shelter plans to shed programs and lay off staff to minimize a rising tide of red ink. Wheeler Mission Ministries announced today that it will transfer a youth program and a separate family-service program to Shepherd Community Center at the end of the month. Shepherd, also a Christian ministry, focuses on […]
Community Health Network and health insurance giant UnitedHealthcare said today that they’ve settled their spat. UnitedHealthcare said it has negotiated a new multi-year contract with Community that gives its members ongoing access to the hospital network’s 170 physicians, along with access to its medical facilities. The facilities include Community hospitals east, north and south as […]
Massachusetts-based Equity Industrial Partners Corp. has bought a 630,000-square-foot industrial building at 7900 Rockville Road from Covington Capital Corp. of Columbus, Ohio, for undisclosed terms. The multi-tenant Rockville Business Center is 97-percent leased. Mark Writt of CB Richard Ellis represented both sides in the transaction. Covington acquired the building, which had once housed a manufacturing […]
Evansville-based sporting goods maker Escalade Inc. is shutting down a children’s archery line because a needed investment in upgraded equipment would be too expensive. Instead, Escalade will import the line from China. The company will lay off 25 workers in Evansville as a result, according to the Evansville Courier & Press. Escalade, which also makes […]
Brent Waltz, a Republican who unseated long-time state Senate Finance Committee Chairman Larry Borst in 2004, is under attack by a primary election challenger who claims Waltz lives outside his district. Waltz lives at his parents’ White River Township home in Johnson County rather than at a condominium he leases in Greenwood, according to a […]
Hawker Beechcraft Services plans to expand its maintenance and service location at Indianapolis International Airport, the airport announced this morning. The airport board approved the $14-million project along with a 32-year lease. Forty to 50 workers will be added to the current 73 within five years. The new facility will include a 6,600-square-foot terminal, and […]
Profit for sports- and office-products maker Escalade Inc. was flat in the quarter ended Dec. 31 on lower sales of sporting goods to mass-market retailers. The Evansville company earned $2.6 million, or 20 cents a share – virtually the same as during the fourth quarter of 2006. Sales fell 7 percent to $40.9 million. “Industry-wide […]
Faurecia North America plans to close a plant in Granger in August as part of a company realignment, displacing about 200 workers, reports the South Bend Tribune. The France-based company also will close a plant in Ohio. The plant in northern Indiana makes automobile exhaust system parts, and had nearly 500 workers in 2004.
Only one issue is causing a delay in construction on the $530 million Getrag-Chrysler transmission plant near Tipton to drag into its second month, according to the Kokomo Tribune. A Chrysler spokesman quoted by the newspaper did not identify the issue. Local officials expect the impasse to be resolved soon. The foundation has been laid […]
The fixed-base operator at Indianapolis Executive Airport in Zionsville has been awarded a five-year contract to operate Grissom Aeroplex at Peru, 60 miles north of Indianapolis. Montgomery Aviation Inc., which is headquartered in Indianapolis, will land small aircraft, and supply fuel, oil and services at the former Grissom Air Force Base, according to the Kokomo […]
The Indiana Senate is expected to vote this afternoon on whether to approve tax breaks for films shot in Indiana by overriding a veto from Gov. Mitch Daniels. The legislature passed the bill last year to offer film and video production companies tax breaks of up to 15 percent of costs for projects under $6 […]
Stock in HhGregg Inc. shot up 11 percent this morning after the Indianapolis-based appliance and electronics retailer posted a 38.5-percent increase in profit in its third fiscal quarter. The shares traded near $13.13, up $1.30. The $15.1 million in profit for the period ended Dec. 31 amounted to 45 cents per share. Analysts surveyed by […]
None of the roughly 25 parties that have shown interest in buying the Tropicana Casino in Atlantic City, N.J., have told the trustee overseeing the Tropicana that they want the Casino Aztar sister property in Evansville, according to the Evansville Courier & Press. However, the trustee, Gary Stein, added that potential buyers might be speaking […]
A Greenwood human resources firm plans to construct a 47,153-square-foot office building along Interstate 65 near a campus opened recently by Indiana Wesleyan University. Tilson HR Inc. has contracted with Alderson Commercial Group to build the $6.5-million, two-story structure on one of the few remaining tracts in South Park Business Center, according to the Daily […]
A union that’s organizing janitors in Indianapolis and other cities plans to deliver 100,000 candy hearts to Central Indiana Corporate Partnership at noon today to represent the number of people in Indianapolis the union says are without health insurance. Central Indiana Corporate Partnership is a not-for-profit of CEOs of the region’s largest corporations and university […]
