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Barge builder Jeffboat is laying off about 120 workers at its southern Indiana manufacturing facility along the Ohio River. The job cuts will leave the division of American Commercial Lines Inc. with about 1,100 workers at the Jeffersonville facility. Company spokesman David Parker blamed the recession and fluctuating demand for the layoffs announced yesterday. The […]
Indiana-based Franklin College and Ohio-based Franklin University resolved their legal case last night, with Franklin University agreeing to take specific steps in its advertisements to distinguish itself from Franklin College. The agreed judgment against Franklin University was negotiated yesterday by U.S. District Court Magistrate Judge Tim Baker and signed today by U.S. District Court Judge […]
A study commission has concluded that a major development involving a new youth-sports complex would be viable for Westfield, the city announced this morning. Mayor Andy Cook announced in April that Westfield wanted to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, […]
Charities helping homeless people and trying to prevent homelessness will soon have access to $3.9 million in federal stimulus grants. The money targets Marion County residents who need a place to live, or who need help with rent or utilities in order to avoid homelessness. Indianapolis was awarded the money in May, but handed off administration to […]
A recreational vehicle industry supplier plans on hiring about 240 people in northern Indiana as it shifts some production from Sweden. Dometic Corp. will spend at least $9 million on equipment for a factory in Elkhart to make refrigerators, awnings, air conditioners and other products. Company president Douglas Whyte said the factory could start production […]
Indianapolis-based Vertellus Specialties Inc. has acquired Degen Oil & Chemical Co., a New Jersey-based manufacturer of alkyd resins and specialty vegetable, nut and fish oils, the companies announced yesterday. Terms of the deal, which closed July 1, were not disclosed. Vertellus, which develops and manufactures specialty chemicals used for pharmaceutical, personal care, nutrition and agricultural […]
Indianapolis-based HHGregg today said it would price a previously announced public stock offering at $16.50 per share in hopes of raising about $53 million. The appliance and electronics retail chain announced the offering of 3.5 million shares of its common stock last week. Credit Suisse Securities LLC and Barclays Capital Inc. are the joint underwriters […]
I just returned from a vacation with family at the New Jersey shore. But, of course, I didn’t leave A&E behind.
No, I didn’t catch any Atlantic City casino shows — although, I regret missing Chazz Palminteri do his one-man show,…
The end of sweeping cuts in employee health benefits and the beginning of another trend is in sight, says
Mike Miles, vice president and senior benefits consultant at Gregory & Appel Insurance.
Employers have slashed benefits so deeply that the cuts…
The new owner of a northeastern Indiana recreation vehicle maker is hiring about 650 people for its Decatur plant, although former workers are not guaranteed to be rehired. A New York-based capital fund said it completed its $33 million purchase of Fleetwood Enterprises Inc. last week. The renamed Fleetwood RV Inc. has already accepted more […]
More than 200 information technology staffers will gather today at Purdue University to build a room-sized supercomputer that is expected to be the largest campus computer in the Big Ten. The new supercomputer, called “Coates,” will be built from more than 10,000 computer processors. Purdue’s previous supercomputer, “Steele,” had 6,500 when it was built last […]
Ivy Tech Community College’s Lafayette campus is reaching out to a state in Mexico to start a cultural and education program focusing on agriculture. Administrators from Ivy Tech’s Lafayette campus and officials from the state of Hidalgo, Mexico, signed an agreement yesterday that starts the exchange program. The agreement will allow Ivy Tech and a […]
The president of the Indianapolis Motor Speedway announced today that he will step down after this weekend’s Allstate 400 at the Brickyard, the second top administrator to depart the speedway in a month. Joie Chitwood, a longtime Speedway official, became president and chief operating officer of IMS in December 2004. He said he is resigning […]
Could Eli Lilly be getting some revenge in the diabetes market? The Indianapolis drugmaker released clinical trial data today showing that its long-acting version of Byetta helped patients reduce their blood sugar and weight better than the long-acting insulin Lantus. Lantus, made by France-based Sanofi-Aventis SA, is a drug that stole significant insulin market share […]
A lawsuit accuses Dallas Mavericks owner Mark Cuban of wrongfully diverting millions of dollars from the NBA franchise’s home arena to make up for shortfalls incurred by the team. Hillwood Center Partners filed the lawsuit last week in state district court in Dallas. The company is controlled by the team’s former owner, Ross Perot Jr. […]
An effort to put all the state’s courts on the same computerized case-management system and make court records available free online has reached only nine counties after seven years. Supporters say the task is overwhelming and progress has been made despite a five-year false start. But at least one key lawmaker believes it’s time to […]
Two chemistry professors at IUPUI are laboring to create the McDonald’s of research laboratories—low-cost and all over the world.
City officials are considering several proposals to modernize and even privatize the city's roughly 4,000 parking
meters to squeeze out more revenue.
One of the city’s golf course operators, Bob Thompson, has donated his earnings from two facilities to a single charitable
cause the past 15 years.
