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Weather sirens tested across the state-WEB ONLY
Severe-weather sirens are sounding across the state today as part of Severe Weather Preparedness Week. The first test took place between 10 a.m. and 10:30 a.m., giving businesses and schools a chance to practice safety procedures. Families will have a chance to do the same when the sirens are tested again between 7 p.m. and […]
Man arrested in connection with hostage incident-WEB ONLY
Police say a man held his 3-year-old son hostage for two hours last night. SWAT units were called to the 5900 block of Belford Court on the northwest side of Indianapolis about 10:30 p.m. Marvin Parish, 43, faces multiple charges, including criminal confinement. The incident involved a fight with the child’s mother.
Biotown USA development site acquired-WEB ONLY
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 110-million-gallon-a-year […]
Investigators offer reward in canal arson-WEB ONLY
Investigators say they need help finding those responsible for a fire that destroyed the nearly completed Cosmopolitan on the Canal apartment complex. The U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives is offering a $9,000 reward for information leading to an arrest and conviction of the people involved in setting the blaze, which spread onto […]
ChaCha raises $12M, but cuts pay, jobs-WEB ONLY
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 […]
New Indiana coal mine would create 350 jobs-WEB ONLY
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 software firm announces expansion-WEB ONLY
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 […]
Bowen Engineering lands wind-farm contract-WEB ONLY
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 […]
Bowen Engineering lands wind-farm contract-WEB ONLY
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 […]
Anderson plant temporarily halts Nesquik production-WEB ONLY
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 […]
Seven injured in prisoner van crash-WEB ONLY
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.
‘Extreme’ build project draws rush of volunteers-WEB ONLY
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 […]
UPDATE: ChaCha raises $12M, but cuts pay, jobs-WEB ONLY
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 […]
Apartment conversion for Maxwell
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…
New Indiana coal mine to create 350 jobs-WEB ONLY
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 […]
ChaCha’s future
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…
Development site in ‘Biotown USA’ acquired-WEB ONLY
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 […]
Plant temporarily halts Nesquik production-WEB ONLY
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 […]
Lilly would pile on debt to acquire Bristol-Myers-WEB ONLY
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 […]