Americold investing $30M to expand operations
The Atlanta-based company plans to break ground this month on a 100,000-square-foot expansion of its southeast-side cold storage facility. The expansion should be finished in November 2011.
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PCBs a concern at bankrupt ESI Environmental plant
The EPA says 300,000 gallons of sludge at the firm’s northwest-side site are suspected of containing carcinogenic PCBs. A recent court ruling could expedite clean-up efforts.
Republic Airways prices stock offering
The Indianapolis-based company said it plans to raise $88.5 million by pricing 12 million shares of its common stock at $7.80 each in a public offering.
Study: Arthritis drug co-developed by Lilly shows promise
Lilly paid $90 million in 2009 to acquire the global rights to the treatment in a bid to beef up its pipeline of medications for autoimmune diseases.
States offering more college-savings vehicles
Indiana among those rolling out new, less-risky 529 plans to attract savers wary of losing money in the stock market.
Moe & Johnny’s owner files for bankruptcy reorganization
Owner Chuck Mack says popular tavern and restaurant Moe & Johnny’s, open in Broad Ripple since 1996, is in no danger of closing despite the Chapter 11 filing.
Garfield creator apologizes for ill-timed strip
Hoosier cartoonist Jim Davis apologized Thursday for a Garfield strip that some veterans may have found offensive.
Indiana farmers expected to enjoy near-record income
Many Indiana farmers who had been worrying about a late summer drought are now looking forward to some extra spending money thanks to high grain prices.
Expanding tax breaks could be a tough sell in Marion County
Republicans who now control the Indiana House are poised to push reforms next year that would strengthen local governments’ ability to offer businesses tax abatements. But the changes might be met with caution in Marion County.
Mike’s Express Carwash sued in family feud
Mike’s Express Carwash and its principals, Bill and Mike Dahm, sons of founder Joe Dahm, are facing a lawsuit in Hamilton Superior Court brought by Jerry Dahm, a cousin who owned 35 percent of the company until May.
SKARBECK: Benchmarks helpful, but have their problems
Benchmarking has exploded with the industry’s propensity to slice and dice and categorize every segment of the overall investment pie.
HICKS: Educators must acknowledge need for reform
Fixing schools won’t be easy, but it begins with an honest realization of the problem—not mendacious malarkey.
MAURER: A defense of Carl Brizzi
Marion County Prosecutor Carl Brizzi’s transgressions and judgment lapses have been dutifully noted and thoroughly discussed.
EDITORIAL: Legislators should let public decide on transit plan
A more robust public transportation system might be just what the region needs to connect people with jobs, spark development near transit stops, elevate the city’s stature, and reduce the need to regularly pour millions into widening our roads. Or it might be a big, unnecessary waste of money.
WTHR’s status as TV news leader starting to erode
Ad buyers are watching the November sweeps period to see if the NBC affiliate bounces back from recent periods when it lost ground in the ratings.
Spurned bidder: IURC program may cost consumers $65M
An Indiana Utility Regulatory Commission-mandated initiative to help electric customers cut consumption and save money may wind up costing them $65 million more than necessary. At least that’s the claim of a consulting firm that lost its bid to administer the program.
Motor maker Remy plans expansion driven by electric vehicles
Motor maker Remy International will embark on a major expansion next spring to satisfy growing demand from makers of hybrid and electric vehicles—and Madison County officials think they’re well positioned to land the jobs.
Small-business lending rises 30 percent in Indiana
The amount of money banks loaned through U.S. Small Business Administration programs shot up close to 30 percent in Indiana this year, a sign that the state’s small businesses—including Pat Wolfred’s CCA Inc.—have started coming back to life.