Two sites in the U.S. and one international site are finalists for a new Rolls-Royce plant, according to The State of Columbia, S.C. One domestic site is in Greenville, S.C., the newspaper reported, quoting Greenville County Council Vice Chairwoman Judy Gilstrap. Gilstrap would not identify the other sites. Rolls-Royce spokeswoman Mia Walton would not comment […]
The opening in early August of Four Winds Casino Resort just across the state line in New Buffalo, Mich., had only a small impact on the five casinos operating in northwest Indiana. Total revenue at the five casinos increased by $1 million in August from July 2006, to $10.49 million, according to the Post-Tribune of […]
Macy’s Inc., which has three Indianapolis department stores, is still fighting a stubborn public relations battle in Chicago, where it bought Marshall Field’s two years ago and renamed the local legend Macy’s. More than 100 people marched yesterday to ask people living in Chicago to boycott the department store until Macy’s changes the name back […]
A proposed ban on new truck stops at Greenwood’s two Interstate 65 interchanges has gained unanimous support from the city council. The council also might ban additional gas stations and convenience stores, according to the Daily Journal of Franklin. A lengthy list of businesses, including dog kennels and boat dealers, already is banned by the […]
A group led by an aggressive, 29-year-old investor from Texas has boosted its stake in the struggling Steak n Shake Co. from 5.8 percent to 6.7 percent, according to a regulatory filing. Sardar Biglari, who runs San Antonio-based Lion Fund, began acquiring Steak n Shake shares this spring. Biglari and affiliates-including Western Sizzlin Corp., the […]
Indianapolis-based Finish Line Inc. has hired Moelis Advisers as a non-exclusive financial and capital markets adviser, the shoe and clothing retailer announced this morning. Moelis is a division of New York-based Mercanti Securities LLC, which is a unit of Los Angeles-headquartered Mercanti Group. In its statement, Finish Line didn’t discuss why it had hired Moelis. […]
Aprimo Inc., the north-side developer of marketing software, said in a Securities and Exchange Commission filing this morning that it plans to raise up to $50 million in an initial public offering. The company would be listed on NASDAQ under the ticker MKTG. Aprimo said the price and number of shares have not been determined. […]
The expected announcement that Indianapolis-based Clarian Health Partners will build a hospital near Muncie is raising anticipation about improved health care services as well as fears that the competition could hurt local hospitals, according to The Star-Press. Last week, the president of the town council of nearby Yorktown said Clarian plans to develop a 100-acre […]
The Indianapolis Colts rout of the New Orleans Saints last night likely led to a drop in television ratings for the National Football League kickoff game compared to the last two years. Twenty-one percent of all television households nationwide tuned into the game, but that’s down from last year’s Pittsburgh Steelers-Miami Dolphins season opener, when […]
Moody’s Investors Service has slapped Conseco Inc. with a downgrade of its senior debt to “negative” from “stable.” The change was sparked by “sub-par earnings” in the past year, according to Bloomberg. Moody’s also is concerned about a string of one-time charges the company has sustained. The Carmel insurer lost $65 million in the second […]
Chase Education Finance announced today that it will hire as many as 150 of the 265 workers laid off in Indianapolis yesterday by student loan company Nelnet. Chase Education Finance is adding the workers in an attempt to boost its capacity to originate student loans, the bank said. The Chase unit has 250 workers based […]
FoxConn Electronics Inc., an electronics assembly and storage company based in Taiwan, will create 1,400 jobs at its computer assembly site in Plainfield, Indiana Gov. Mitch Daniels said today. In late 2005, Foxconn signed a lease with Duke Realty Corp. for 259,260 square feet of a 481,874-square-foot industrial facility in Plainfield. The new location allowed […]
M-Plan Inc., central Indiana’s largest health maintenance organization, will phase out its HMO coverage for employers and is referring its clients to Anthem Blue Cross and Blue Shield. Anthem’s parent company, Indianapolis-based WellPoint Inc., made the announcement this morning. It said M-Plan covers 125,000 customers through its commercial HMO. A press release said that M-Plan […]
M-Plan Inc., central Indiana’s largest health maintenance organization, will phase out its HMO coverage for employers and is referring its clients to Anthem Blue Cross and Blue Shield. Anthem’s parent company, Indianapolis-based WellPoint Inc., made the announcement this morning. It said M-Plan covers 125,000 customers through its commercial HMO. A press release said that M-Plan […]
Eli Lilly and Co. spent nearly $2 million in the first half of 2007 to lobby the federal government, the Associated Press reported today. The Indianapolis-based drug maker lobbied on issues related to patent reform, intellectual property, counterfeiting, prescription drug user fees, health care reform and Medicare, according to the form posted online Aug. 13 […]
American Commercial Lines Inc., the Jeffersonville barge builder, has agreed to buy the assets of Seattle-based Elliott Bay Design Group Ltd. for an undisclosed price. The naval architecture and marine engineering firm employs 60 in Seattle and at its second location in New Orleans. The deal is expected to close by the end of the […]
A long-planned distribution park at Interstate 70 and State Road 39 in Hendricks County can go forward now that Lauth Property Group has closed on the purchase of 555 acres it has assembled at the northeast corner of the intersection. Lauth announced the closing today. As IBJ reported a year ago, Westpoint Business Park will […]
Blue River Bancshares Inc. said yesterday that it will delist its stock from NASDAQ to save money. “We believe the costs associated with being a filing company outweigh the benefits,” CEO Russell Breeden III said in a statement. Costs to comply with the 2002 Sarbanes-Oxley Act also played into the decision, Breeden said. Yet another […]
Bloomington-based Author Solutions Inc. is purchasing a big rival-a move that reflects consolidation in the self-publishing industry as firms like Amazon.com take a bigger share of the business. Author Solutions, which operates as AuthorHouse, agreed to buy Nebraska-based iUniverse. Terms were not disclosed. Since its founding in 1997, Authorhouse has produced more than 45,000 books. […]
A new index compiled by the Indiana Department of Workforce Development predicts registered nurse will be the job most in demand in the state from 2004 to 2014. Registered nurses were followed by post-secondary teachers, computer software engineers and truck drivers. Jobs on the list had to be in the top 200 in both total […]
