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Whirlpool Corp. announced Friday that it will close its refrigerator factory in Evansville by next year and cut 1,100
jobs as it continues a push to trim excess capacity.
Indianapolis-based University Loft Co. expects to add 30 full-time jobs at its Greenfield manufacturing facility thanks to
a federal pact with the U.S. Marine Corps. The company recently was awarded a multi-million-dollar contract to supply metal
furniture for the Marine Corps’ Camp Lejeune base in North Carolina.
Indiana will use nearly $132 million in federal stimulus funding to help more than 30,000 low-income households weatherize
their homes and obtain more efficient appliances.
Indianapolis-based Enterprise Electrical & Mechanical Co. has acquired The Freije Company, a 50-year-old local firm that
specializes in refrigeration-systems design, installation and service.
Sales of higher-priced homes nationally have slowed to a glacial pace. In the Indianapolis area, the supply of homes for sale
above $1 million has risen from three year’s worth in 2007 to more than eight year’s worth, according to the Metropolitan
Indianapolis Board of Realtors.
Indianapolis-based Hurco Cos. this morning reported another quarterly loss after sales dropped a staggering 64 percent. Hurco
lost $1.2 million, or 19 cents a share, in its fiscal third quarter ended July 31. The company had a profit of $5.8 million,
or 90 cents a share, during the same quarter last year.
Whirlpool Corp. said today that it will cut 1,100 jobs by closing a refrigerator factory in Evansville. The jobs will be eliminated
in mid-2010.
The Indiana state teachers union’s insurance fund has filed a lawsuit alleging former officials, financial advisers and consultants
mismanaged a long-term disability insurance trust.
Richard A. Cosier, dean of Purdue University’s Krannert School of Management for the past decade, plans to leave the post
June 30, 2010, the university announced today.
The Humane Society of Indianapolis is shopping for donors to support construction of a $3 million spay/neuter clinic in the
Fountain Square area.
Steak n Shake Co. CEO Sardar Biglari revealed in regulatory filings this week that he spent $1.1 million buying shares in
the locally based burger chain, an apparent vote of confidence in his own turnaround plans.
Evansville-based Shoe Carnival Inc. today reported flat profit and declining same-stores sales in its fiscal second quarter.
Ivy Tech Community College plans to save the facade of a historic former hospital along Fall Creek Parkway and build a new
150,000-square-foot academic building behind it.
The Indianapolis-based magazine, which
publishes every other month, launched a redesign in July reminiscent of its glory days, with a retro masthead, narrative cover
art and fiction writing.
A group of former franchisees of Noble Roman’s Inc. has hired a new attorney to represent them in a case against
the chain after a Hamilton County judge tossed their old lawyer.
Restaurateur Paul Murzyn has signed a lease for the 8,700-square-foot, first-floor
space at 201 S. Meridian St., a historic building with luxury condos upstairs.
When Brett Favre signed with the Minnesota Vikings Aug. 18, cheers could be heard at MainGate Inc.’s 7900 Rockville
Road headquarters. Predictably, Favre jerseys went flying off the shelves—about 6,000 in the first 72 hours—and
MainGate gets to keep a portion of those sales. The Vikings are one of six teams the Indianapolis-based merchandising
specialist has signed deals with in 2-1/2 years, making MainGate one of the biggest retail players in the goliath of professional
sports leagues.
Appliance retailers are poised to take a page from the car dealership playbook in promoting a new government program offering
rebates on energy-efficient washers, refrigerators and air conditioners.
The Cash for
Clunkers program has seriously challenged my high-mindedness. It is time for a bit of soul searching.
Locally based MZD Advertising has signed a contract to market sponsorships and a trade show for the Mizuno Volleyball Mid
East Qualifier, to be held in 2010 in Indianapolis and St. Louis.
