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St. Louis-based Peabody Energy Corp. said yesterday it plans to develop an enormous coal mine in Sullivan County in eastern Indiana, creating 350 jobs.The largest surface mine in the eastern United States will be developed with the support of two long-term supply contracts worth nearly $6 billion in new revenue, the company said. Peabody estimates […]
Carmel-based software firm Information Systems Experts LLC plans to expand its operations and create up to 10 new positions, the firm announced this morning. The company said it would invest more than $287,000 to upgrade equipment at its 8,000-square-foot headquarters in Carmel. ISE received a $21,000 grant from the state’s Skills Enhancement Fund to train […]
Indianapolis-based Bowen Engineering Corp. has been selected by Horizon Wind Energy LLC as contractor for its Meadow Lake wind farm in White County, the companies announced today. Houston-based Horizon’s wind farm in northwest Indiana will consist of 121 wind turbines that can generate 200 megawatts of power. The estimated cost of the project is $500 […]
Indianapolis-based Bowen Engineering Corp. has been selected by Horizon Wind Energy LLC as contractor for its Meadow Lake wind farm in White County, the companies announced today. Houston-based Horizon’s wind farm in northwest Indiana will consist of 121 wind turbines that can generate 200 megawatts of power. The estimated cost of the project is $500 […]
The new Nestle plant in Anderson stopped production of Nesquik this week after an unrelated inspection found maintenance issues, the Anderson Herald Bulletin reported last night. Nestle has corrected the problem but is awaiting approval from the state surveyor to resume production. The company is still producing Coffee-mate, Nestle’s best-selling product. “This doesn’t affect anything […]
Police are investigating a crash involving a transport van loaded with prisoners. The accident happened just after midnight near 69th Street and Keystone Avenue. Five prisoners, a Marion County sheriff’s deputy and the driver of the other vehicle were all taken to local hospitals. None of the victims suffered life-threatening injuries.
More than 60 companies and 650 people have volunteered to donate labor, supplies and materials to help The Estridge Cos. build a new home for an Indianapolis-area family as part of the popular TV show “Extreme Makeover: Home Edition.” Since organizers announced Estridge’s participation in the show on Monday, the Carmel-based home builder has been […]
ChaCha Search Inc. said yesterday that it has raised $12 million in equity financing, which will allow the Carmel company to ramp up its advertising sales and support its newly opened New York office. The company also disclosed that it had eliminated 25 jobs, shrinking its work force to 56. Several executives – including two […]
Sluggish condo sales have led developer Kosene & Kosene to consider turning its latest downtown project, The Maxwell, into apartments. The local company has moved its corporate…
St. Louis-based Peabody Energy Corp. said yesterday it plans to develop an enormous coal mine in Sullivan County in western Indiana, creating 350 jobs. The largest surface mine in the eastern United States will be developed with the support of two long-term supply contracts worth nearly $6 billion in new revenue, the company said. The […]
Popular search engine company ChaCha Search said yesterday that it had raised another round of funding — and laid off 25 workers.
So, the economy is taking a toll on ChaCha revenue even while investors continue to believe the…
Valero Energy will buy seven ethanol plants and a key development site in the Indiana city of Reynolds from VeraSun Energy for $477 million, the largest biofuel buyout ever in terms of production capacity. VeraSun, the country’s second largest ethanol producer, filed for Chapter 11 bankruptcy protection last October. VeraSun suspended construction of a […]
The new Nestle plant in Anderson stopped production of Nesquik this week after an unrelated inspection found maintenance issues, the Anderson Herald Bulletin reported last night. Nestle has corrected the problem but is awaiting approval from the state surveyor to resume production. The company is still producing Coffee-mate, Nestle’s best-selling product. “This doesn’t affect anything […]
After two mega-mergers last week among pharma companies, the buzz grew deafening with speculation about future mergers, including the possibility of Eli Lilly and Co. linking up with Bristol-Myers Squibb Co. Indianapolis-based Lilly has steadfastly said it’s not interested in big mergers. But even if Lilly wanted to merge, does it have the capital to […]
Carmel-based software firm Information Systems Experts LLC plans to expand its operations and create up to 10 new positions, the firm announced this morning. The company said it would invest more than $287,000 to upgrade equipment at its 8,000-square-foot headquarters in Carmel. ISE received a $21,000 grant from the state’s Skills Enhancement Fund to train […]
A plan designed to fix Indiana’s bankrupt unemployment insurance fund drew misgivings from business and labor groups yesterday as it advanced to the Republican-controlled Senate, which is expected to pass some version of the proposal. The Senate Tax and Fiscal Policy Committee endorsed the plan on a 9-3 vote after four hours of public testimony, […]
Starting next school year, children may want to think twice about celebrating snow days. State schools chief Tony Bennett said yesterday that he will require schools to make up a day of school for each day they miss because of weather, ending a Department of Education practice that allowed exceptions. Bennett also said half-days and […]
ChaCha Search Inc. said today that it has raised $12 million in equity financing, which will allow the Carmel company to ramp up its advertising sales and support its newly opened New York office. The company also disclosed that it eliminated 25 jobs, shrinking its work force to 56. This isn’t ChaCha’s first belt-tightening. Late last year, […]
A fire that destroyed a six-story apartment complex under construction along the downtown Indianapolis canal last week was ruled an arson today. The fire gutted the $28 million Cosmopolitan on the Canal project that had been nearing completion and spread onto the roof of the adjacent headquarters of the Historic Landmarks Foundation of Indiana, causing […]
After days of fielding questions regarding the no-show of celebrities Justin Timberlake and Jessica Biel at last Friday’s opening of Indiana Live Casino, Coles Marketing Communications Inc. said today it is ending its contract with the Shelbyville casino. Barbara Coles, president of the Indianapolis public relations firm, said she had sent a notice of termination […]
