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An Indiana money manager accused of trying to fake his death in a plane crash has undergone a mental evaluation to determine whether he is competent to stand trial and is now in a Tallahassee correctional facility. A report on Marcus Schrenker’s competency was expected to be sent to a federal judge by today. Tallahassee […]
The mayor of beleaguered Elkhart had a simple message for Indiana Gov. Mitch Daniels yesterday: Send us stimulus money, and send it fast. Mayor Dick Moore hopes federal economic stimulus cash can revive the northern Indiana city, which has been hit hard by the collapse of the recreational vehicle industry and is struggling with an […]
A Hamilton County woman accused of swindling investors in a clean coal energy startup agreed today to an injunction that freezes her assets, including artwork by Pablo Picasso, jewelry and a luxury waterfront home. The agreement in Marion Superior Court makes permanent a temporary restraining order issued last week by Judge Patrick McCarty following a […]
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 […]
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.
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 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 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 […]
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…
