Indianapolis-based Arbor Homes Inc. announced plans yesterday to build a 227-house subdivision in Marion to take advantage of jobs cropping up at the Dollar General warehouse and other new employers. It’s the largest such development in the city between Indianapolis and Fort Wayne since the 1960s, according to the Chronicle-Tribune. The houses will cost $90,000 […]
A plant in Siloam Springs, Ark., operated by Bluffton-based Franklin Electric Corp. will eliminate 200 jobs as some production of low-thrust submersible motors is moved to its factory in Linares, Mexico. By July, 290 workers will remain at the Arkansas site, according to The Journal Gazette of Fort Wayne.
Indalex Inc. of Lincolnshire, Ill., said today it will expand its aluminum extrusion plant in Connersville. In exchange, the company received government incentives worth nearly $3.4 million. Indalex plans a 100,000-square-foot addition to its plant to make room for a 6,000-ton extrusion press. The expansion is expected to generate 62 new jobs and $22 million […]
Unlike the heated opposition swelling in northwest Indiana, leaders in Illinois are clamoring for the Illiana bypass to be built as quickly as possible, according to The Times of Munster. A meeting called in Porter County in Indiana earlier this month to discuss the project attracted 1,000, most of whom expressed deep reservations. Yet, Illinois […]
A draft document of ideas for renovating North Meridian Street between Interstate 65 and Fall Creek calls for many of the design cues used to reconstruct a stretch of 38th Street that crosses Meridian farther north. Recommendations being prepared for Near North Development Corp., a community-based revitalization group, vary depending on the stretch of Meridian […]
Haynes International Inc.’s long-expected initial public offering has generated $136.5 million that the Kokomo company plans to spend mostly to pay off debt and buy capital equipment. The 2.1 million shares sold at $65 each, above the forecasted $61 to $64, Reuters reported. Haynes, which has asked to be traded on NASDAQ under the ticker […]
Haynes International Inc.’s long-expected initial public offering has generated $136.5 million that the Kokomo company plans to spend mostly to pay off debt and buy capital equipment. The 2.1 million shares sold at $65 each, above the forecasted $61 to $64, Reuters reported. Haynes, which has asked to be traded on NASDAQ under the ticker […]
Triad Hospitals Inc., which owns seven hospitals in northern Indiana, has received a buyout offer from Tennessee-based Community Health Systems Inc. that beats an earlier offer from a group of private equity firms. Community Health Systems said today it is offering $5.1 billion. A group that includes affiliates of Goldman Sachs and JPMorgan Chase & […]
Indianapolis Colts quarterback Peyton Manning is the second-most marketable active athlete, according to a survey of 65 sports business and media executives by Street & Smith’s Sports Business Daily. Manning, who has endorsement deals with Sony, Reebok and Gatorade among others, rated 208 of a possible 325 points—following only the 280 points garnered in the […]
Plenty of conflicting trends are apparent when examining success of the state’s business owners, according to Morton Marcus, emeritus director of the Indiana Business Research Center at Indiana University. A lack of data makes detailed comparisons all but impossible, Marcus wrote in a column that is distributed to Indiana newspapers, including IBJ. Still, he said […]
Honda Manufacturing of Indiana LLC said today its new Greensburg plant will make Civic sedans when it opens in fall 2008. The Japanese automaker announced in mid 2006 it would build the $550 million plant, but hadn’t revealed which vehicle line the would be assembled. As part of today’s groundbreaking ceremony, Honda also said Yuzo […]
The American Basketball Association is nearing one of its major goals for the 2006-07 season—and it has nothing to do with on-court wins and losses. Officials for the Indianapolis-based professional basketball league announced today they have signed a letter of intent with Miami-based International Apparel Group Inc. to create ABA Apparel LLC. ABA Apparel will […]
CSO Architects President Jim Schellinger has issued a statement saying he will file paperwork at 12:45 p.m. to establish a campaign committee to run for governor. A Democrat, the South Bend native is considered by many observers to be the best chance the party has to unseat incumbent Republican Mitch Daniels in the 2008 election. […]
CSO Architects Inc. is reverting to its original name two years after adding Schenkel Shultz to its name to reflect its acquisition of the Indianapolis office of Fort Wayne-based SchenkelSchultz Architecture. Removing the name was based on previous agreement, said Indianapolis-based CSO.
Construction on a hotel Fishers-based Dora Bros. Hospitality Corp. is building in downtown Columbus can resume, now that Sears, Roebuck & Co. has withdrawn part of a lawsuit it filed in November. But the retail giant still wants monetary damages, according to The Republic of Columbus. Sears, based in Hoffman Estates, Ill., claims construction on […]
Shrinking advertising revenue has persuaded the owners of Indy Men’s Magazine to stop publishing the free, glossy monthly after five years. Publisher Todd Tobias said the final, May issue will be distributed in late April: “As a monthly print publication, we’re done,” he said. Magazine parent Table Moose Media LLC is owned by Tobias, his […]
Indianapolis law firm Ice Miller has added two lawyers to its Washington, D.C., office who will offer legal services as well as lobbying—a first for the firm at the federal level. Graham Hill and Clayton Heil replace attorneys who left. Ice Miller is the largest law firm in the Indianapolis area, with 234 attorneys, according […]
Publicly traded health insurers, such as Indianapolis-based WellPoint Inc., received lower marks from their customers than did not-for-profit health plans in a recent survey by J.D. Power & Associates. Not-for-profit plans rated higher in coverage allowed, level of benefits, and choice of doctors and hospitals, Bloomberg reports. The survey questioned more than 10,000 customers across […]
Oxford BioSignals Medical is expected to announce an expansion of its Carmel headquarters this afternoon, according to Indiana Economic Development Corp. Oxford has seven employees. Formed in 2000, Oxford BioSignals began its life when research scientists in the United Kingdom developed a new system to electronically monitor the performance of aircraft engines. By continuously monitoring […]
Morris D. Windhorst, who led an economic development organization in Muncie in 2004 and 2005, yesterday pleaded guilty to two counts of possessing child pornography, according to The Star Press of Muncie. Police found child pornography on Windhorst’s home computer in February last year after he was arrested for proposing sex in an Internet chat […]
