An investigation into stock-option backdating at Biomet Inc. resulted in two executives retiring March 30. The executives are Gregory D. Hartman, senior vice president of finance and chief financial officer and treasurer, and Daniel P. Hann, executive vice president of administration and a director. In an investigation delving into the options granted between 1996 and […]
Two United Auto Workers locals that once represented upward of 20,000 General Motors workers in Anderson no longer are needed, and will merge into the UAW local that represents Anderson municipal workers and Madison County workers. Local 662, which in the 1960s boasted nearly 15,000 members at what became GM’s Delphi Corp. division, will be […]
Ivy Tech Community College and the Indianapolis Private Industry Council have started an Advanced Manufacturing Institute at Ivy Tech’s downtown campus to train manufacturing workers. The institute will work with trade groups specializing in welding, metalworking, ventilation and fluid power to train and retrain workers for the 2,300-plus manufacturing positions Ivy Tech and the council […]
Lots of people are taking the week off for spring break, but plenty of people are still toiling away at their jobs, local employers say. At F.C. Tucker Co.’s corporate office on the far northside, 20 to 25 percent of workers are out this week, said Stan Phariss, vice president of human relations for the […]
Tribune Co., the Chicago media company that owns Indianapolis Fox affiliate WXIN-TV Channel 59 and the local CW network affiliate, WTTV-TV Channel 4, said it has accepted an $8.2 billion acquisition offer from cross-town real estate magnate Sam Zell. The Chicago Tribune and Los Angeles Times are Tribune’s flagship properties. Zell said he would put Tribune’s […]
A contract approved by a majority of 270 union members at the TRW Commercial Steering Systems plant in Lafayette on Saturday stipulates no raises in its first three years, followed by 1-percent and 1.25-percent raises in the two remaining years. United Auto Workers Local 531 President Ron Dubree Jr. called the contract “concessionary,” according to […]
Members of the Northwest Indiana Forum, an economic development group, have held several closed-door meetings with members of the General Assembly to try to stir interest in proceeding with the project, according to the Post-Tribune of Merrillville. Gov. Mitch Daniels said late last month public opposition ran so high that he would drop the idea […]
Human error is being blamed for a $3.6 million shortfall in tax-increment finances in Greensburg, the southeastern Indiana city where Honda Motor Co. is building a $550 million plant to assemble its Civic compact car. The Tax Increment Financing Board based its anticipated revenue on current assessed value of property in a TIF district where […]
A Kalamazoo, Mich., company has won a battle in the Indiana Court of Appeals in Indianapolis to locate a solid waste transfer station and recycling facility near 86th Street and Zionsville Road. Judge Margret Robb sided with 600 Land Inc. in its attempt to gain zoning approval for the northwest-side project. The company needed a […]
American Super Heroes Museum, which will feature Superman costumes and artifacts from movies and television episodes featuring Superman and Batman, will open at 20 W. Louisiana St. on Saturday. The museum features a collection of memorabilia by Fishers resident Dane Nash. Hours are 10 a.m. to 9 p.m. Monday through Saturday, and 10 a.m. to […]
Kenneth L. Gladish is moving on. Once a central figure in Indianapolis’ charitable sector, he has been hired as director of The Grantmaking School at Grand Valley State University’s Dorothy A. Johnson Center for Philanthropy and Nonprofit Leadership, the school announced today. Last year, Gladish accepted an appointment as a visiting scholar at Indiana University’s […]
Nashville, the Brown County community that depends heavily on tourism for its economic vitality, has seen restaurant sales fall for two years after having posted 19 years of gradual growth, according to the Brown County Democrat, citing data from the 1 percent food and beverage tax. Restaurant, hotel and shop owners blame the reversal on […]
A Parkinson’s disease medication originally developed and sold by Eli Lilly and Co. has been voluntarily pulled from the U.S. market after the Food and Drug Administration reviewed new information that associates it with heart problems. Pergolide, which Lilly sold under the Permax brand, has been licensed to the Aliso Viejo, Calif., drugmaker Valeant Pharmaceuticals […]
The Alliance Steering Committee, a loose organization of neighbors of Crown Hill Cemetery that opposed redeveloping a section of the historic property, is meeting this afternoon with nature groups that are interested in buying the parcel. One alliance leader, Butler University biology professor Tom Dolan said at least eight entities are showing interest in the […]
Indianapolis-based Roche Diagnostics has acquired a firm that develops genome-sequencing systems, the company announced today. Roche Diagnostics’ parent, Switzerland-based Roche, paid $140 million in cash to scoop up 454 Life Sciences, a subsidiary of Connecticut-based CuraGen Corp. Roche Diagnostics, which already distributes 454 Life Sciences’ genome sequencing systems, now gets access to any future generations […]
Rev. Al Green, a Rock and Roll Hall of Famer and Grammy lifetime achievement award winner, will anchor this year’s Indy Jazz Fest, organizers will announce tonight at a party at the Jazz Kitchen in Broad Ripple. The Ninth Annual Indy Jazz Fest’s lineup, scheduled June 15-17 at Military Park downtown, also includes Bela Fleck, […]
Rev. Al Green, the Rock and Roll Hall of Famer and Grammy lifetime achievement award winner, will anchor this year’s Indy Jazz Fest, organizers will announce tonight at a party at the Jazz Kitchen in Broad Ripple. The Ninth Annual Indy Jazz Fest’s lineup, scheduled June 15-17 at Military Park downtown, also includes Béla Fleck, […]
Carmel-based Maaguzi LLC, a maker of software for clinical researchers, plans to relocate its North Carolina operations to an undetermined location in central Indiana. The expansion would add 42 high-tech jobs through 2009. The company will produce and host its Internet-driven clinical trial data management system in the new location. Maaguzi’s lease at 11711 N. […]
Arcelor Mittal, the world’s largest steelmaker, and No. 2 Nippon Steel agreed Sunday to double capacity of their U.S. joint venture, according to the Post-Tribune of Merrillville, quoting the Japanese business daily Nikkei. Arcelor, headquartered in Luxembourg, and Japan-based Nippon plan to spend $254 million on the expansion. The companies make cold-rolled and galvanized steel […]
Henry County in eastern Indiana has been chosen for a $180 million ethanol plant that will employ about 50 workers. Blue River Ethanol LLC will produce 100 million gallons a year at the site when it begins operating in 2009. The location near Mount Summit is next to a Norfolk Southern Corp. railroad that will […]
