Democrats are accusing the state Republican Party of negative campaigning after the party mailed cards to residents of South Bend claiming that businesses are leaving the city, among other problems. “RIP,” said the card, which has a picture of a tombstone. “Here lies South Bend, a once vibrant city now abandoned by business, overrun by […]
Two of the city’s largest real estate agencies, both affiliates of Century 21, have agreed to merge and be headquartered in Carmel. Century 21 At The Crossing and Century 21 Scheetz will join, creating a company with more than 300 agents and five offices in the Indianapolis area, including downtown, Carmel, Zionsville and Greenwood. The […]
Pepsico and Johnson & Johnson are among several big companies that have sued Bloomington-based International Outsourcing Services to try to recover $150 million the companies say they were bilked out of in a coupon scheme. The suit, filed Oct. 12 in Milwaukee, claims International Outsourcing turned in invoices for coupons that had not been used, […]
More than 400 tickets have been sold for flights among Indianapolis, Evansville and South Bend on Massachusetts-based Cape Air, a month before the commuter airliner begins service, reports the Evansville Courier & Press. Cape Air, which will begin flying Nov. 13, will offer direct Evansville-to-Indianapolis and Indianapolis-to-South Bend flights. The commuter airline company in August […]
Ice River Springs, a water bottler headquartered in Ontario, Canada, will build a $20 million, 273,000-square-foot plant in Kentland, according to the Indiana Economic Development Corp. The project in the town between Gary and Lafayette will employ as many as 100 to bottle purified water as well as water taken from a spring. The plant […]
A supplier to Toyota Motor Manufacturing said today that it will build a 201,000-square-foot plant to manufacture seat frames for at least one Toyota model assembled at the sprawling Princeton plant. Toyota Boshoku Corp., which is based in Japan but is not part of the giant automaker, will locate the plant and its 200-plus workers […]
Fort Benjamin Harrison Reuse Authority has named Cassandra Ashley-Jordan to replace Ehren Bingaman as executive director. Bingaman resigned in August to become the first executive director of the Central Indiana Regional Transportation Authority, which was created by state statute in 2004 to coordinate public transit in the nine-county area. Ashley-Jordan is an environmental scientist and […]
Indianapolis-based WellPoint Inc. has opened its location at Indianapolis International Airport for handling specialty drugs. The 126,000-square-foot site within the former United Airlines maintenance hangar has automated handling equipment and a call center. It is staffed with 400 workers and is slated to grow to 900 before 2010. Pharmaceuticals handled through PrecisionRx Specialty Solutions often […]
CertainTeed Corp. has halted construction on a $70 million plant in Terre Haute that is to make cement-fiber house siding, prompting contractors to slap a flurry of liens on the property. The Valley Forge, Pa., company says the stop is temporary, but didn’t offer details as to when construction might resume, according to The Tribune-Star […]
The Heartland Film Festival opens Oct. 18 with nine days of film screenings and special events. Want some help making your selections? IBJ staff and freelancers previewed most of this year’s offerings. Some of the best are reviewed below. For more reviews-which we will continue to update as the fest approaches-visit the Not Strictly Business section of ibj.com. “Home of the Giants,” dramatic feature Given the generic title (please change it before it’s too late), the Hoosier high school basketball…
Warsaw-based Zimmer Holdings Inc. disclosed in a U.S. Securities and Exchange Commission filing today that it is under investigation for potential violations of the Foreign Corrupt Practices Act in its sales of medical devices in foreign countries. The prosthetics maker did not elaborate but added that it will cooperate with the SEC investigation. Yesterday, Biomet […]
A book about Wal-Mart Stores Inc. authored by Michael Hicks, the new director at Ball State University’s Bureau of Business Research, hasn’t always been received well by people who don’t like the retail giant, Hicks told The Star Press of Muncie. Hicks, who writes a weekly column that appears in IBJ and other newspapers around […]
The Finish Line Inc. said today that its lenders have extended by four months their deadline for the Indianapolis athletic shoe and clothing retailer to buy Genesco Inc. The deadline was Dec. 31; it is now April 30. Other terms of the commitment letter by UBS Loan Finance LLC and UBS Securities LLC are the […]
Biomet Inc. disclosed this afternoon that it is being investigated as part of an inquiry by federal securities regulators into possible violations of the Foreign Corrupt Practices Act. The Warsaw-based maker of orthopedics products, which recently was acquired by a group of private equity firms for nearly $11 billion, provided few details. It said the […]
Many analysts are recommending that investors hold off on buying stock in Novo Nordisk because rival Eli Lilly and Co. might encounter a smash hit with a version of its Byetta diabetes treatment that would be taken only once a week. Nineteen of the 34 analysts who follow the Danish insulin maker have “hold” or […]
Pending sales of houses-those with contracts signed by not closed-plummeted 16.8 percent in September from a year earlier, according to Metropolitan Indianapolis Board of Realtors figures released today by brokerage F.C. Tucker Co. The nine-county Indianapolis area generated 1,998 pended sales, compared to the 2,402 in September 2006. Sales in Boone County fell the most, […]
Cynthia England, a former partner at the Indianapolis advertising firm Pearson McMahon Fletcher England, has started a company that plans, buys and manages advertising for client companies. The new Indianapolis company, Regarding Media and Marketing LLC, was launched with Nanci Albrecht, a former senior vice president of Cincinnati-based JA&G Advertising. JA&G has an Indianapolis office. […]
The sagging housing market is a concern, but won’t become a large enough problem to drag the economy into recession, Purdue University economists said yesterday during an annual outlook luncheon sponsored by the Lafayette-West Lafayette Chamber of Commerce. They said the nation continues to churn out more goods and services, hiring remains strong and wages […]
RadioNow, the rock and hip-hop format Emmis Communications Corp. abruptly pulled from WNOU-FM 93.1 on Oct. 8, has resurfaced at 100.9 FM under new ownership. Emmis announced today that it has sold the RadioNow brand, WNOU trademark and station imaging to Radio One Inc. of Lanham, Md., for an undisclosed price. The RadioNow format began […]
Kokomo Sanitary Pottery Corp., which has manufactured toilets in the city north of Indianapolis since 1932, is closing the plant because competitors can do the job at lower cost. The decision will throw nearly 150 workers out of jobs early next year, according to the Kokomo Tribune. The workers are represented by Local 238 of […]
