Economic development leaders in Boone County hope to capitalize on Lebanon’s location mid-way between Indianapolis and Purdue University to attract biotechnology firms. Supporters are starting a committee to look into the possibility and a consultant is discussing the notion with universities, according to The Lebanon Reporter. The idea was sparked by engineers and doctors meeting […]
Indianapolis and Louisville are the sole finalists to host the National FFA convention from 2013 to 2019, according to the Louisville Courier-Journal. Eliminated from the competition are fellow front runners Minneapolis and Kansas City. Ten other cities had applied. The Louisville Convention & Visitors Bureau issued a statement about Louisville and Indianapolis yesterday. The National […]
The proposed $85.6 million acquisition of Cincinnati-based Peoples Community Bancorp Inc. by Integra Bank Corp. of Evansville has been terminated, the banks announced late yesterday. The parties agreed not to discuss the matter beyond saying that ending “the proposed transaction was in the best interests of each of their respective corporations and shareholders.” However, officials […]
Dow AgroSciences, the Indianapolis-based agricultural arm of Dow Chemical Co., lost $38 million in the fourth quarter due to a $77 million restructuring charge. Last year the unit earned $38 million. Dow AgroSciences sold $864 million of chemicals and other agricultural products in the quarter, up 6 percent from a year earlier due to broad […]
The first investment by Clarian Health Ventures is in an Indianapolis startup that is developing technology for spotting cancer cells. The new fund started by Clarian joined four other venture firms in pumping $6.25 million into CS-Keys Inc. CS-Keys was launched by Indiana University School of Medicine researchers. Leading the investment was Triathlon Medical Ventures, […]
An Indianapolis plant owned by Kentucky-based General Cable Corp. has been named one of the 10 best in the nation by the trade publication Industry Week. The plant, at 7920 Rockville Road near Indianapolis International Airport, makes polymer compounds. It combines Six Sigma continuous improvement and lean manufacturing techniques, and blends managers and union workers […]
A new budget-priced airline will begin flying out of Gary/Chicago International Airport next month, reports The Times of Munster. The no-frills Skybus Airlines touts its ultra-low fares, with the first 10 tickets on each flight costing $10 apiece. Tickets are sold point-to-point, which means passengers make their own connections. No food is allowed on board […]
Texas-based Harland Clarke Corp. plans to relocate its Decatur, Ga., operations to its location in Jeffersonville, investing at least $1.5 million and adding 50 workers by 2010. Harland Clarke prints checks, deposit slips and other products for financial institutions. The company already employs about 200 in Jeffersonville. The first jobs to be added this year […]
Monaco Coach Corp., one of the nation’s largest makers of recreational vehicles, laid off 200 of an estimated 1,200 workers at its plant in the northern Indiana town of Wakarusa late last week. The layoff was prompted by slowing demand, the Coburg, Ore.-based company said. High fuel prices are playing a roll in the slowdown, […]
Carmel-based Woods Industries Inc., which manufactures and imports electrical products, is being closed, according to a notice posted by the Indiana Department of Workforce Development. The closing will result in displacing 68 workers by April 25, the notice said. Woods was acquired in November by Coleman Cable Inc. of suburban Chicago. Coleman manufactures electrical and […]
Three layoffs were announced yesterday in as many locations in Indiana. Superior Essex Inc. said it will close its wire manufacturing plant in Vincennes as part of a restructuring and shift the work to plants in Tennessee and Mexico, the Vincennes Sun-Commercial reported. By the end of the year, 250 workers will lose their jobs. The […]
Indianapolis-based Steak n Shake Co. Inc. reported a $1.2 million loss in its first fiscal quarter after having shown a $4.2 million profit a year earlier. The loss of 4 cents per share was greater than the 2-cent loss expected by analysts surveyed by Thomson Financial. Revenue in the period ended Dec. 19 slipped 7.4 […]
Noblesville-based Warner Bodies Inc. said today that it has acquired the fabrication division of Metro Products, an Indianapolis company that makes a variety of products, for $850,000. The 15 workers at Metro have been asked to join Warner, a longtime maker of truck bodies.
Terre Haute is losing shoppers to Plainfield and Evansville, so two developers want to attract more stores to the western Indiana city. To make room for the stores, the Terre Haute-based developers, Thompson Thrift and Gibson Development, want land now occupied by the Wabash Valley Fairgrounds, according to the Tribune-Star. In exchange, the fairgrounds would […]
Shares of Cummins Inc. shot up more than 6 percent late this afternoon after the Columbus, Ind., diesel engine maker announced it would add 500 engineering and other professional positions in the next two years. The stock closed at $45.33, up $2.71 a share, then edged up 13 cents more in after-hours trading. The 500 […]
Columbus diesel engine maker Cummins Inc. announced today it will add 500 jobs near its downtown headquarters in the next two years. The positions will be engineers and other professional employees. They will be located in a 100,000-square-foot building under construction in the Commons Mall redevelopment project. Cummins currently has 5,500 workers in Columbus, plus […]
Freije Treatment Systems Inc. plans to move its headquarters and product development to Mount Comfort Industrial Park east of Indianapolis from the Eagle Creek Park area. The expansion is expected to boost the company’s employment from a dozen to 200 by 2010. Freije, based at 6450 Guion Road, develops and sells salt-free water softeners for […]
Randall and Marianne Tobias have donated $1 million to the Indianapolis Museum of Art to renovate the museum’s 604-seat namesake theater. The newly polished venue will open this fall and IMA plans to screen films and bring in speakers on topics dear to the museum’s new focus on design and the interaction of art and […]
BioCrossroads, the not-for-profit that promotes life sciences in the state, has received a $2.5-million grant from Indianapolis-based Richard M. Fairbanks Foundation Inc. to underwrite a series of health care information projects through 2010. Established in 1986, the Fairbanks Foundation awards grants to Indianapolis not-for-profits that research or deliver projects related to health care, community vitality […]
Harman-Becker Automotive Systems Inc. plans to shut down its operation in Martinsville in phases this year, and close completely by next January, according to The Reporter Times. The first cuts will begin in April. The plant, which makes Infinity, JBL, Harman Kardon speakers and speaker systems, employs about 340. Last year, the company cut about […]
