Layoffs widely expected in Fort Wayne after Lincoln National Corp. bought Jefferson-Pilot Corp. of Greensboro, N.C., a year ago for $7.5 billion haven’t materialized. Instead, Lincoln National has added 150 workers to the 1,500 who remained in Fort Wayne after the financial services company moved its headquarters to Philadelphia in 1999. Forty more positions remain […]
Marsh Supermarkets Inc.’s owner is breaking off the Village Pantry subsidiary to create a separate business unit. Both businesses will continue to be owned by Florida-based Sun Capital Partners. The Village Pantry convenience store chain had long been a subsidiary of Marsh. Marsh operates 105 groceries, while Village Pantry runs 148 convenience stores. […]
Eli Lilly and Co. said today it has hired Alex M. Azar II as senior vice president of corporate affairs and communications. Azar comes to Lilly from the U.S. Department of Health and Human Services, where he was a deputy overseeing the Food and Drug Administration, the Centers for Medicare and Medicaid Services, the National […]
German luxury carmaker BMW is struggling to convert its successes in recent years into long-term gains that leave Mercedes, Lexus, Audi and other rivals in the dust, according to a Bloomberg report. BMW overtook Mercedes in May 2005 as the largest luxury car maker in the world as sales of its Mini Cooper gained traction […]
Bank of America has asked a New York court to stop Dutch bank ABN Amro Holding NV from selling LaSalle Bank to other buyers, according to Bloomberg. ABN Amro announced April 23 that it had sold Chicago-based LaSalle to Bank of America for $21 million. The same day, ABN Amro also said it had agreed […]
Four Honda workers and their families have committed to buying homes in Shelby County in the past two weeks, and dozens more have visited, according to the Shelby County Development Corp. The economic development group attributes their interest to the advertising campaign and Web site it launched in early April. That campaign ran advertisements in […]
In a first for Indiana, Italian motorcycle maker Ducati plans to open a new dealership in Zionsville. The 5,800-square-foot Ducati of Indianapolis dealership is slated to open this spring near 106th Street and Michigan Road, across from SuperTarget, Kohl’s and Home Depot. NAI Olympia Partners Principal Mark R. Figg represented Carr Moto LLC in the purchase […]
The Indianapolis Airport Authority is ending its contract with airport manager BAA Limited in December—one year earlier than the agreement was set to expire, the authority announced today. The British company had notified the authority that, based on current corporate strategy, it would not pursue a new or extended contract at the end of the […]
Warsaw-based prosthetics maker Zimmer Holdings Inc. this afternoon is scheduled to announce an expansion that will result in adding 100 to 200 jobs in the company’s production and distribution areas, according to Joy McCarthy-Sessing, president of Kosciusko Development Inc. Approximately 2,300 of Zimmer’s global work force of 4,700 is in the northern Indiana city. Governor Mitch […]
Columbus-based Cummins Inc. is closing a 4-year-old facility in Waynesboro, Ga., that makes exhaust systems and other components for small engines like those in lawn and garden equipment. Cummins said three years of losses in the segment is forcing the closure of Cummins Filtration. About 250 workers will lose jobs.
An Illinois law set to go into effect Jan. 1 bans smoking in casinos and other work places, and that has Illinois Gaming Association Executive Director Tom Swoik predicting revenue at Illinois casinos will fall 20 percent. Casino’s usually suffer when states implement smoking bans, according to The Times of Munster. However, casinos in northwest […]
The document imaging and data conversion company Prescient Information Systems Inc. has bought a long-time partner, enChord LLC, for an undisclosed price. The combined company will be better able to deliver and manage network-based services as well as telephony, the transmission of digitized sound. Both operate on the northwest side.
A Dutch judge has ruled that Netherlands-based ABN Amro Holding NV cannot spin off its LaSalle Bank arm without shareholder approval, according to Bloomberg and other news outlets. Today’s ruling halts the pending $21 billion purchase by Bank of America, headquartered in Charlotte, N.C. The sale was announced April 23. LaSalle is headquartered in Chicago; […]
Indiana Supreme Court Chief Justice Randall T. Shepard will speak in place of Randall Tobias at commencement ceremonies Sunday for the Indiana University School of Law–Indianapolis, according to the Indiana Lawyer. Tobias, a former CEO at Eli Lilly, resigned late last month as a deputy secretary of state in the Bush administration over an alleged […]
An offshoot of Sun Yat-Sen University in China that promotes Chinese language and culture will be established at IUPUI, the Indianapolis campus announced this morning. Called the Confucius Institute, the program also will help Indianapolis-area companies develop networks in China. The announcement is part of the Chinese government’s attempts to open the institutes around the […]
Development near the Honda Motor Co. car assembly plant under construction near Greensburg might go forward, now that the city and Decatur County Rural Water system have reached an agreement to supply water to the area. Signatures are about all that remain to ice the agreement, according to the Greensburg Daily News. The parties didn’t […]
The Muncie area is on a roll attracting call centers with IBM’s announcement Monday that it would locate a center in Daleville and hire 500 to staff it. The decision follows Sallie Mae’s opening in October of a Muncie debt collection center, which will employ 700. Lifetouch National School Studios, a school photography company, also […]
Nash Finch Co., a Fortune 500 food distributor based in Minneapolis, has told the state it will lay off 300 workers June 4 at its distribution center in Westville, which is near Valparaiso in northwest Indiana. The cutback resulted from losing a major customer—Martin’s Supermarkets in South Bend, according to The Times of Munster.
Site Selection magazine, a trade publication that follows economic development, has cited Indy Partnership as one of the top 10 economic development organizations in the nation. Indy Partnership, which markets the Indianapolis area to businesses looking to expand, landed 136 projects, and created 9,200 jobs and $1.8 billion in capital investment last year, the magazine […]
