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Peoria, Ill.-based Caterpillar Inc. plans to lay off 141 Indiana employees for at least six months at its Large Engine Center in Lafayette, the Lafayette Journal & Courier reported today. Caterpillar also plans to implement an unspecified number of “rolling layoffs,” or furloughs, during the remainder of the year, the company told the newspaper in […]
Calumet Specialty Products Partners L.P. this morning reported a profit of $75.6 million in the first quarter, bouncing back from a loss of $3.4 million in the same period of 2008. The Indianapolis-based refiner and processor of specialty lubricants attributed the higher profit to significantly lower prices on crude oil, which it uses to […]
The cost of nursing home care in Indianapolis is rising faster than in the rest of the country, according to an annual survey of long-term-care costs by Virginia-based Genworth Financial. Residents in and around Indianapolis pay nearly $78,700 per year for a private room in a nursing home. That rate has been rising at 7 […]
The soggiest April in decades has left Indiana farmers far behind in their annual sprint to plant the state’s corn crop, a delay that could cut farmers’ yields if fields don’t dry out within the next two weeks. As of Sunday, only 5 percent of Indiana’s corn crop had been planted. In contrast, an average […]
Indiana University has announced plans to establish schools of public health in Bloomington and Indianapolis. IU President Michael McRobbie said the schools will work on public health problems in the state, such as obesity, cardiovascular disease and diabetes. The Bloomington school will focus on rural health issues while the school on the IUPUI campus in […]
Looks like the folks at Conner Prairie in Fishers have beat White River State Park to the hot-air-balloon-ride punch. They plan to unveil…
The Indiana State Library is hosting a special Indianapolis Motor Speedway/Indy 500 program this Thursday from 5 p.m. to 6 p.m.
The program—which is free and open to the public—will provide a historical perspective…
Lauth Group Inc. says it was forced to file for Chapter 11 bankruptcy last week after its largest creditor launched an effort to “cherry pick” the developer’s best properties and let the rest collapse “to the detriment of all other creditors.” The locally based developer, once the nation’s 13th largest, said attempts by Chicago-based Inland […]
The struggling stock market took its toll on Lilly Endowment in 2008, dropping the value of its assets by 26 percent, from $7.7 billion to $5.7 billion, it announced today. The Indianapolis-based endowment’s value hit its lowest level in more than 10 years. The most recent peak was $15.5 billion in 2000. The drop means […]
ORDINANCE NO Susan Wampler 11.9999 Normal 0 false false false MicrosoftInternetExplorer4 Well-known local banking executive Mike Alley has been named interim chairman and CEO of Evansville-based Integra Bank, the company announced today. Alley, who retired from banking in 2002 after 13 years as president and CEO of Fifth Third Indiana, will lead the troubled […]
Workers at a Cummins Inc. engine plant are working only two days this week and may see additional cuts in hours due to the shutdown of a Chrysler pickup truck assembly plant in Mexico. The Cummins Midrange Engine Plant in Walesboro makes engines for the Chrysler plant in Saltillo, Mexico, which has been shut down […]
Two men are in critical condition this morning after they were shot last night in the 3400 block of Broadway Street in Indianapolis. Police say up to 30 shots were fired. The victims, ages 56 and 32, were taken to Wishard Hospital and are expected to survive their injuries. Police are looking for a dark-colored […]
Indy 500 festivities kick into gear today at the Indianapolis Motor Speedway when rookie drivers hit the track for their first practice this morning and orientation program this afternoon from 2-5 p.m. Tomorrow marks the track’s official opening day. Gates open at 9 a.m.
Well-known local banking executive Mike Alley has been named interim chairman and CEO of Evansville-based Integra Bank, the company announced today. Alley, who retired from banking in 2002 after 13 years as president and CEO of Fifth Third Indiana, will lead the troubled Evansville bank until a permanent replacement is found. A search firm has […]
The struggling stock market took its toll on Lilly Endowment in 2008, dropping the value of its assets by 26 percent, from $7.7 billion to $5.7 billion, it announced today. The Indianapolis-based endowment’s value hit its lowest level in more than 10 years. The most recent peak was $15.5 billion in 2000. The drop means […]
Evansville-based Mead Johnson Nutrition Co. will receive $2.7 million in incentives from Illinois when it moves its headquarters to the Chicago suburbs later this month, the Chicago Tribune reported yesterday.The company, which has been based in Evansville since 1915, plans to move about 50 executives, including finance, legal and marketing managers, to Glenview, Ill., in […]
Crews are breaking ground today on Lawrence Village at the Fort. It’s part of a $9 million project that marks the final phase of the decade-long redevelopment of Fort Benjamin Harrison. Plans call for new streets, parks, bike paths and rain gardens on the 90-acre site. Village at the Fort will include shops, offices and […]
Indiana police have been investigating an increasing number of violent videos posted online by teenagers. In March, a 45-second video showing a brawl inside Danville Community High School appeared on YouTube. Scenes like it are becoming more common on the Internet as teenagers use cell-phone cameras to record fights. Fox 59 will have more at […]
ORDINANCE NO Susan Wampler 11.9999 Normal 0 false false false MicrosoftInternetExplorer4 Evansville-based Mead Johnson Nutrition Co. will receive $2.7 million in incentives from Illinois when it moves its headquarters to the Chicago suburbs later this month, the Chicago Tribune reported yesterday. The company, which has been based in Evansville since 1915, plans to move about […]
A prediction by a military historian in a recent issue of Foreign Policy has something for everyone, including
people interested in companies right here in Indiana.
Writing in a special section about the future, Martin van Creveld notes that…
