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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 […]
The high number of out-of-work residents collecting jobless benefits in Indiana has triggered an automatic 13-week extension of unemployment benefits. The extended benefits program is for those who have exhausted up to 59 weeks of state and federal unemployment checks. Those in the program can collect unemployment for an additional 13 weeks, but they must […]
The United Way of Central Indiana announced this morning that it plans to cut funding to the agencies it supports by as much as 10 percent in the wake of steep endowment losses. Further, the organization is putting a one-year halt on certifying new agencies to protect existing agencies from further reductions, it said. The […]
FinishMaster Inc. today reported a $1.6 million profit in the fourth quarter, down nearly 30 percent from the same period in 2007. Sales decreased 7.6 percent, to $108 million, in the quarter ended Dec. 31 due entirely to same-branch sales declines, the Indianapolis-based automotive paint distributor said. “Economic conditions throughout the United States continued to […]
Crews have reopened several downtown streets that were shut down after last week’s massive fire on the canal. Michigan Street and the southern part of Senate Avenue opened to traffic this morning. Senate north of Michigan is scheduled to reopen tomorrow. Meanwhile, investigators are still trying to determine the cause of the fire that destroyed […]
Thousands of officers from more than 250 law-enforcement agencies across the state will patrol roads today to curb dangerous St. Patrick’s Day driving. They’ll conduct sobriety checkpoints and saturation patrols to detect and arrest anyone caught driving while intoxicated.
Lawyers will deliver opening statements today in the trial of a Plainfield woman accused of killing her newborn baby. Katie McCoy, 20, allegedly hid her pregnancy while she was a student at Bellarmine University in Kentucky. Police say she delivered the baby in October 2007 and let the newborn drown in a dorm toilet. McCoy […]
The trio of attorneys who practice in the local office of Barnes & Thornburg LLP’s life sciences group is a self-deprecating, peculiar bunch. Not only are the three the punch line of an occasional lawyer joke, but they’re also the target of lighthearted ribbing about their scholarly credentials. “We’re the geeky group,” patent attorney Kevin […]
