Electric car maker weighing Elkhart factory
An electric vehicle manufacturer says it is considering starting operations in northern Indiana’s Elkhart County.
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Duke reaches deal over pollution violations at Indiana plant
Duke Energy has agreed to spend $93 million to settle clean air violations at a southern Indiana power plant where it made
unauthorized changes that significantly boosted the plant’s air pollution.
Judge approves concrete price-fixing settlement
A federal judge has preliminarily approved a settlement in which a central Indiana concrete company agreed to pay $29 million
to resolve a class-action antitrust lawsuit alleging it and six other companies conspired to fix the price of ready-mixed
concrete.
Connersville to borrow $3.5 million to clean up Visteon site
The city of Connersville will borrow as much as $3.5 million to clean up the former Visteon site where a startup company
wants to build police cars.
Danica, Earnhardt Jr. to pair in ad campaigns
Danica Patrick’s representatives at IMG are looking to pair her in ad campaigns with Dale Earnhardt Jr., and possibly Indianapolis
Colts quarterback Peyton Manning.
UPDATE: Steak n Shake turning away from core business
The Steak n Shake Co. is taking a dramatic turn away from its core business with a bid to purchase a Michigan insurer in a
deal valued at almost $37 million.
Hundreds of Indiana soldiers return home
Nearly 300 Indiana National Guard soldiers will be home for the holidays. The men and women began arriving at Stout Field
last night after spending a year in Iraq. Most of the guard members got to spend an hour with their families in the hangar
before going to Camp Atterbury for demobilization processing. The homecoming was delayed a day because of a weekend snowstorm
that disrupted travel on the East Coast.
Connersville to put $500,000 toward Visteon site cleanup
The city of Connersville will spend $500,000 to clean up the former Visteon site where a startup company
wants to build police cars.
Man shot to death in front of his home
Indianapolis police are investigating a homicide on the city’s south side. Investigators were called out just before 3 a.m.
Tuesday when a woman called 911 to report that her boyfriend had been shot in the 2900 block of Percheron Lane. Police have
not yet released the name of the victim. FOX59 will have more at 4 p.m.
Investors cheer Senate bill while WellPoint cries foul
Exemption for not-for-profit health plans could saddle WellPoint with nearly $2 billion a year in new taxes.
AIMCO rethinks sale of four apartment complexes
A Denver-based company that just sold its largest Indianapolis apartment complex has taken its four remaining local properties
off the market.
Scotty’s is growing again, this time on Geist Reservoir
The popular local chain Scotty’s Brewhouse is planning a new outpost on Geist Reservoir.
Madison County embezzler gets two-year prison term
The former business manger of a central Indiana factory has been sentenced to two years in prison for embezzling $700,000.
Economic recovery not as strong as previously thought
The U.S. economy grew at a 2.2 percent pace in the third quarter, as the recovery got off to a weaker start than previously
thought.
However, signs suggest the economy will end 2009 on stronger footing.
BREAKING: Steak n Shake offers to acquire Michigan insurer
The Steak n Shake Co. has offered to acquire all of the outstanding shares of Fremont Michigan Insuracorp Inc. in a deal
that could be worth almost $37 million.
Fair Finance investors file additional fraud suit
More than three dozen residents of a northeast Ohio county who invested in Fair Finance Co. are seeking to recover more
than $2.1 million from the shuttered company.
Economic recovery on track to strengthen at end of 2009
The U.S. economy started the year in free-fall but is on track to end 2009 on stronger footing.
Attorney general sues lumber recycling plant
Indiana Attorney General Greg Zoeller is suing a northern Indiana lumber recycling plant with a history of environmental and
worker-safety violations.
Sales/acquisitions
-Performance United LLC bought a 380,000-square-foot warehouse at 5352 Performance Way that is fully occupied by LaCrosse
Footwear Inc. The seller of the building, a joint venture of Browning Investments and ProLogis, was represented by John
Huguenard, Kim Estes and Angie Wethington of Colliers Investment
Services Group. Financing for the purchase was provided by a national life insurance company and arranged
by Jon Goldstein, Christian Miles and Phil Mudd, also
of Colliers Investment Services. The purchase price for the building, which was completed last March,
was not disclosed.