Houston-based Mattress Firm said today it has bought three Sweet Dreams Mattress Center locations in the Indianapolis area, bringing the total number of local stores to 12. The three stores will be rebranded as Mattress Firm and sell Mattress Firm products.
The Indiana Court of Appeals is scheduled to hear arguments this afternoon in a case that asks whether a county can establish a special economic development area that includes land a municipality has started to annex, according to the Indiana Lawyer. The trial court ruled against Brenwick Associates LLC in a suit the developer brought […]
Only three other states lost more jobs than the 2,100 Indiana surrendered in May when compared to April, the U.S. Bureau of Labor Statistics said today. Michigan lost the most, 18,400, followed by Florida and Wisconsin. The downturn left Indiana with 2,974,400 seasonally adjusted positions.
American Commercial Lines Inc. shares fell nearly 10 percent yesterday to close at $24.50 after the Jeffersonville barge builder over the weekend and yesterday explained concerns it reported last week. Grain shipments fell because the company didn’t compete for some low-priced shipments, and overtime pay shot up as 400 new workers are trained to boost […]
Gov. Mitch Daniels and economic development officials this afternoon are expected to announce plans for a long-anticipated transmission plant in Tipton that eventually could bring 1,200 jobs. German transmission maker Getrag Corporate Group owns land near U.S. 31 and State Road 28 north of Indianapolis. Earthmoving has started. The project, estimated to cost $560 million, […]
A Bedford auto parts plant owned by Visteon Corp. will close by next April, eliminating 685 workers. The Van Buren Township, Mich., company informed employees of the decision Friday, according to the Times-Mail in Bedford. Visteon said the southern Indiana plant, which makes fuel-delivery modules for Ford, does not operate in the company’s core businesses […]
Analysts appear to be much more bearish-and accurate-in their outlooks since giant Wall Street firms were forced to eliminate conflicts of interest four years ago. In 2003, former New York Attorney General Eliot Spitzer ordered 10 big firms to separate investment banking divisions from their research arms, aiming to eliminate a conflict that often resulted […]
Indianapolis-based The Finish Line Inc. today said it has agreed to buy Hat World Inc. parent Genesco Inc. for $54.50 a share in cash, or about $1.5 billion. The price represents a 37.7-percent premium over Genesco’s share price. The deal is expected to close in the fall. In May, Nashville, Tenn.-based Genesco, said its board […]
Bill Lynch, offensive coordinator for Indiana University’s football team, has been named head coach for the 2007 season, the school said today. Lynch has been the team’s offensive coordinator for two seasons. He also served as interim head coach last year while Coach Terry Hoeppner was recovering from surgery. Hoeppner has had two brain surgeries […]
Local artists April Willy and Kirsty Saalfrank are the latest creative talents to be highlighted in Indianapolis Mayor Bart Peterson’s office art collection. New artists are rotated in every six months; painter Willy and photographer Saalfrank each will have six pieces on display. Jenny Guimont, director of the Indianapolis Cultural Development Commission, selected the artists […]
Marsh Supermarkets Inc. has converted LoBill stores in Greensburg and Rushville to Marsh Hometown Markets and expects to convert eight more locations-including some in Indianapolis-by the end of July, the company said this week. Already, nine LoBill locations have changed over. Fishers-based Marsh began the rebranding effort two months ago and is upgrading the store […]
Bill Lynch, offensive coordinator for Indiana University’s football team, has been named head coach for the 2007 season, the school said today. Lynch has been the team’s offensive coordinator for two seasons. He also served as interim head coach last year while Coach Terry Hoeppner was recovering from surgery. Hoeppner has had two brain surgeries […]
The Indianapolis International Airport Authority Board this morning gave the public the chance to weigh in on its proposed smoking ban. If the ban is approved, the public smoking room would be closed July 31 and smoking would be prohibited anywhere on the property by Jan. 1.
Michael Lambert, the man convicted of killing Muncie police officer Gregg Winters in 1990, was executed early this morning in Michigan City. Winters’ widow says justice has finally been served. Lambert’s execution came about nine hours after the Supreme Court rejected his final appeal. Fox 59 will have the latest at 10 p.m.
The U.S. Census Bureau’s National Processing Center in Jeffersonville plans to hire about 2,400 workers over the next three years to prepare for the 2010 economic census. The center will hire about 100 in the next two months, with another round of hiring in six months. The bulk of the positions will be filled in […]
A second person has died as a result of a house fire earlier this week on Cottage Avenue. The coroner confirmed that Kristin Hamilton, 14, died last night. Her older sister died in the fire Wednesday. Their mother was hurt jumping from a second-floor window to run for help.
For the first time in almost a decade, Indianapolis residents are being asked to not water their lawns. The request by the city’s Department of Water comes after several days of record water use. Residents can still water flowers and gardens, but are asked to not water their lawns until next Tuesday.
Oregon RV maker Monaco Coach Corp. is consolidating its Indiana operations by closing an Elkhart factory and moving the work to two other Indiana plants. The 350 workers in Elkhart will be offered jobs at facilities in Warsaw and Wakarusa. The factory affected makes the Holiday Rambler and McKenzie fifth-wheel and travel-trailer recreational vehicles. The […]
Indiana and Purdue universities have received national recognition for a study that looks at how rural areas can stimulate economic growth. The report, “Unlocking Rural Competitiveness: The Role of Regional Clusters” was done by IU’s Business Research Center, Purdue’s Center for Regional Development and the Strategic Development Group Inc., a Bloomington consulting firm. The award […]
Marsh Supermarkets Inc. has converted LoBill stores in Greensburg and Rushville to Marsh Hometown Markets and expects to convert eight more locations-including some in Indianapolis-by the end of July, the company said this week. Already, nine LoBill locations have changed over. Fishers-based Marsh began the rebranding effort two months ago and is upgrading the store […]
