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Westfield-based Standard Locknut LLC notified state officials Friday that it has laid off another 39 employees, following 35 who were idled in April. Standard Locknut, a manufacturer of bearings and steel components, said it laid off the employees after its largest customer began reducing inventory. The layoffs are expected to be temporary, but the company […]
Indy Parks and Recreation will host a public meeting tonight at 6 p.m. to discuss a plan to close the skating rink at Ellenberger Park. City officials say Indianapolis lost about $165,000 last year trying to keep the 47-year-old rink open.
Wet weather is continuing to frustrate the efforts of Indiana farmers to plant the state’s corn crop, which is now three weeks behind the average typically planted by mid-May. The weekly crop report shows 24 percent of Indiana’s corn crop had been planted by Sunday. That’s up from 11 percent planted the week before, but […]
Arcadia Resources Inc., an Indianapolis-based provider of health care services, today announced that it has sold two divisions for a total of $11.2 million. The company unloaded its home health equipment and industrial staffing businesses in three separate transactions. California-based Pacific Pulmonary Services and Orlando, Fla.-based Aerocare Holdings Inc. purchased pieces of Arcadia’s home health […]
Voters in three Indiana school districts head to the polls today to weigh in on several multi-million-dollar construction referendums. Officials from Mooresville Schools have submitted a $96 million plan to build a new middle school and renovate the existing high school. Voters in Trafalger are looking at a $26 million proposal to build an elementary […]
A new $3.1 billion price tag for the extension of Interstate 69 between Indianapolis and Evansville can be reduced by ignoring some federal rules, Indiana Gov. Mitch Daniels said.Speaking yesterday at a meeting of the Chamber of Commerce of Southwest Indiana in Evansville, Daniels said the latest Indiana Department of Transportation estimate could be trimmed […]
Indianapolis-based consumer ratings service Angie’s List announced today that it has signed on as a co-sponsor of Sarah Fisher’s team in this year’s Indianapolis 500. The company declined to divulge terms of the deal. Fisher, driving the No. 67 Dollar General car, will make her eighth start in Sunday’s race. She qualified 21st and will […]
Indiana’s treasurer says he won’t invest more state money in the corporate debt of companies receiving federal money after two funds he controls were stung by more than $1 million in combined losses in the Chrysler bankruptcy. Treasurer Richard Mourdock said today the Indiana State Police Pension Fund lost $147,400 and the Major Moves Construction […]
Indianapolis-based F.A. Wilhelm Construction Co. Inc. has been chosen to build a street-level enclosed connector linking the Indiana Convention Center to Lucas Oil Stadium, the Indiana Stadium & Convention Building Authority announced yesterday afternoon. Wilhelm, which bid $11.8 million for the project, submitted the lowest bid of six companies vying for the work, said Lori […]
Indianapolis pharmaceutical company Eli Lilly and Co. has formed a diabetes marketing and education partnership with the Minnesota-based device maker Medtronic Inc., the two companies announced today. Lilly and Medtronic plan to use their marketing and sales teams to improve educational materials about Type 1 diabetes available to patients and physicians. Type 1 diabetes occurs […]
Indianapolis-based Simon Property Group Inc. is supporting Target Corp.’s efforts to maintain ownership of its real estate rather than transferring it into a separate company as an activist shareholder is suggesting. Pershing Square Capital Management, a hedge fund engaged in a proxy battle with the Minneapolis-based retailer, is proposing that Target put its real estate […]
Indianapolis-based Simon Property Group Inc. is supporting Target Corp.’s efforts to maintain ownership of its real estate rather than transferring it into a separate company as an activist shareholder is suggesting. Pershing Square Capital Management, a hedge fund engaged in a proxy battle with the Minneapolis-based retailer, is proposing that Target put its real estate […]
Columbus, Ohio-based Franklin University has signed a lease in the Allison Pointe Office Park on the northeast side of Indianapolis and plans to offer classes beginning this fall, the college said today. The 107-year-old school, which has enrollment of 11,000 at its main campus in Columbus and three suburban locations, announced April 21 that it […]
A new poll shows college grads are worried about finding jobs â?? no surprise there, considering the sorry
state of the economy.
But the poll, taken by Edison Media Research, also shows a third of them fretting about their…
Kroger is looking at land in Zionsville for a new store. The Cincinnati-based grocer is in talks with the owners of Altum’s Garden Center along Michigan Road between 106th and 116th Streets,…
The anchor tenant in the Binford Medical-Professional Office Complex at the corner of 65th Street and Binford Boulevard has closed temporarily, citing a lack of other tenants in the high-profile medical building. The shut-down is the latest in a string of setbacks for what was to have been a five-building, $29 million development. The Binford […]
President Barack Obama wants drivers to go farther on a gallon of gasoline and cause less damage to the environment – and be willing to pick up the tab. Normal 0 false false false MicrosoftInternetExplorer4 Obama today plans to announce the first-ever national emissions limits for cars and trucks, as well as require a 35.5-miles-per-gallon […]
Not content with just catching a show at the Kennedy Center, first lady Michelle Obama made a clear statement with this week’s trip to New York: She sees value in the arts and is interested in promoting them.
And not just mass appeal…
Normal 0 false false false MicrosoftInternetExplorer4 Indianapolis-based F.A. Wilhelm Construction Co. Inc. has been chosen to build a street-level enclosed connector linking the Indiana Convention Center to Lucas Oil Stadium, the Indiana Stadium & Convention Building Authority announced this afternoon. Wilhelm, which bid $11.8 million for the project, submitted the lowest bid of six companies […]
High schools that achieve the biggest graduation rate increases between now and next spring could receive up to $20,000 – money that would be split among each school’s principal and select staff members. Normal 0 false false false MicrosoftInternetExplorer4 State Superintendent of Schools Tony Bennett said today the goal of the new program is to […]
