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 […]
A $70 million expansion of Columbus Regional Hospital will result in 60 new rooms and a new emergency department, the hospital said today. The project is intended to alleviate overcrowding and create private rooms, which patients are beginning to expect. BSA LifeStructures of Indianapolis and Robert A.M. Stern Architects LLP of New York wrote the […]
Shares of Interactive Intelligence Inc. are up 16.1 percent, to $17.75, this morning after reporting yesterday that first-quarter profit increased to nearly $1.7 million from $1 million a year earlier. The Indianapolis software developer, which has launched an expansion that will add ? workers to its northwest-side offices, attributed the boost to strong sales of […]
Bernardin, Lochmueller & Associates Inc., a civil engineering firm in Evansville, is adding 20 employees to the 22 already at its 6125 S. East St. branch office, Indy Partnership announced this morning. The jobs will pay about $30 an hour. Bernardin has 100 workers at its headquarters and 20 at a St. Louis branch. Chief […]
Bernardin, Lochmueller & Associates Inc., a civil engineering firm in Evansville, is adding 20 employees to the 22 already at its 6125 S. East St. branch office, Indy Partnership announced this morning. The jobs will pay about $30 an hour. Bernardin has 100 workers at its headquarters and 20 at a St. Louis branch. […]
Indiana was among the top 10-hardest hit states due to China’s entry into the World Trade Organization, a move that caused a displacement of production that otherwise would have remained in the United States, according to a report issued by the Economic Policy Institute in Washington, D.C. Indiana lost 45,200 jobs, or 1.5 percent of […]
Obelisk Federal Credit Union in New Albany was taken over by the National Credit Union Administration last month, but the federal agency isn’t saying why. However, the agency assured members that operations would continue as usual, according to The Courier-Journal of Louisville. Members of the southern Indiana institution work at hospitals, local governments and companies.
Intelliplex Park, Shelbyville’s state certified technology park, needs time to attract more companies and fulfill its potential for creating jobs, Major Hospital officials told a crowd of about 100 on Monday. In early April the hospital, which founded the park in 2003 along with the city and Shelby County, answered 180 questions from the community. […]
Dow Jones & Co., which publishes The Wall Street Journal, has been offered $60 per share by News Corp., the company controlled by media baron Rupert Murdoch, according to CNBC. News Corp. is planning a business news channel to compete with other broadcasters. Dow Jones shares almost tripled this morning on the news, rising from […]
Dow AgroSciences, the Indianapolis-based agricultural arm of Dow Chemical Co., has bought some assets of Maize Technologies International of Neusiedl am See, Austria, for an undisclosed price. Dow AgroSciences anticipates using Maize Technologies’ genetics to improve corn grown in short seasons in Europe and the United States. Local employment will not be affected by the […]
A deal that fell through a year ago is back on the table for Standard Management Corp. The Indianapolis company, which sells pharmaceuticals to nursing homes, said today it has agreed to buy In-House Pharmacies Inc. of San Diego—this time through its newly formed unit Universal Healthcare Co. LLC. Terms were not disclosed today or […]
Eli Lilly and Co. became the first drug company to make public its grants to U.S. organizations by posting the records on its Web site today. Most of the grants focus on endocrinology, neurosciences, oncology and other areas where Lilly develops drugs. The largest in the first quarter was to Massachusetts General Hospital’s Department of […]
