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Beach Mold and Tool Inc., a New Albany-based manufacturer, has notified the state that it has laid off 193 workers – nearly half its work force – at its Indiana plant. Beach blamed the layoffs on cutbacks by several automaker clients, including Ford, Honda, General Motors and Mercedes. The layoffs, which began in late September, […]
Cincinnati-based Kroger Co will fund a two-year initiative to pump $2.1 million into local K-12 educational programs. In conjunction with the United Way of Central Indiana, Kroger has pledged to provide more than $820,000 in grants to at least 10 Indianapolis-area educational programs, plus $1.3 million to local schools through the Kroger Cares program.Local Kroger […]
Duke Realty Corp. said today that it received $265.2 million from property sales in the fourth quarter of 2008 – money it will use to pay down debt including $125 million in unsecured bonds that mature next month. The announcement comes the day after shares of the Indianapolis-based real estate investment trust took a beating […]
The Fishers insurance-and-securities broker who disappeared following a plane crash in Florida on Sunday left a trail of deceit dating back years before his latest legal and regulatory woes. Marcus Schrenker, 38, faced final arguments next week in a regulatory proceeding the Indiana Department of Insurance’s consumer-protection division filed against him a year ago. Investigators […]
Maybe it was the team’s experience with Eric Dickerson. Maybe it was a string of flame-out first round draft picks shortly before the days of Peyton Manning. Heck, who knows, maybe it was…
While “Slumdog Millionaire” isn’t a Bollywood film, the Golden Globe winner does play with some of the conventions popularized by the Indian film industry–including the joyful dance sequence that ends the film.
“Slumdog’s” box office and critical success may bode well for a long-running series of…
Dollar General will extend its sponsorship of Sarah Fisher Racing into 2009 by serving as Fisher’s primary sponsor for four races; Kansas, Indianapolis, Kentucky and Chicago.
Dollar General sponsored SFR for two events in 2008…
Claims-payment snafus caused by computer problems are causing fits for WellPoint Inc. – again. The federal Medicare program told WellPoint it can no longer sign up new customers for the Medicare plans it operates, the company confirmed late yesterday. That’s because its claims-payment problems caused some seniors to be denied payment for their medications, putting […]
Three Indiana manufacturers will close or scale back their operations, idling more than 150 workers in the process according to notices filed yesterday with the state Department of Workforce Development. New Jersey-based Sleep Innovations will close its mattress- and pillow-making operation in already hard-hit Elkhart, eliminating 104 jobs beginning April 27. Elkhart County has the […]
WellPoint Inc.’s chronic computer problems have caused the Indianapolis-based insurer to be banned from enrolling customers in Medicare drug plans, Bloomberg reported this afternoon. A spokesman for the government program told Bloomberg the computer glitches are putting patients at risk. The sanctions were disclosed to WellPoint today in a letter from the Centers for Medicare […]
A Fishers insurance-and-securities broker was facing mounting legal and regulatory woes before he disappeared following a plane crash yesterday in Florida. Police were searching today for Marcus Schrenker, 38, who claimed in an emergency call that the windshield of the plane he was flying had shattered. Police say Schrenker, the only passenger, then apparently parachuted […]
The local law firm of Bose McKinney & Evans LLP on Friday slashed 11 support jobs, reducing its administrative and operational staff by about 8 percent. No lawyers were affected by the cuts, according to the firm. With 131 attorneys, Bose McKinney is the city’s fifth-largest practice. It’s among the scores of firms nationally that […]
Now that Indianapolis Colts coach Tony Dungy’s retirement is upon us (it’s expected at a 5 p.m. press conference today), it’s time to contemplate this one very important question; Who is Jim Caldwell?…
Indianapolis Colts head coach Tony Dungy will retire, according to multiple media reports. The team has a 5 p.m. news conference scheduled. Dungy’s future has been the subject of much speculation since the team’s 2006 Super Bowl victory, and last year the Colts named associate head coach Jim Caldwell his eventual successor. What do you […]
A group planning to make a movie about the very first Indianapolis 500, is eyeballing more than 200 acres in Whitestown to build a replica Indianapolis Motor Speedway.
Justin Escue, a locally based movie…
Bankrupt manufactured-home builder Patriot Homes Inc. will close a Middlebury plant that employs 125 workers, according to a notice filed with the state. Elkhart-based Patriot filed for Chapter 11 bankruptcy protection in September, citing financial woes tied to the slumping housing market and tight credit. Before that filing, the company closed seven plants, including four […]
Color-Box Inc., a unit of the Georgia-Pacific paper company, will close its Indianapolis manufacturing facility in March, costing 74 workers their jobs. The company, which designs and makes corrugated boxes for a variety of clients, notified the state Department of Workforce Development of the March 10 closing late last week. Color-Box also employs more than […]
Indianapolis-based WellPoint Inc. lost an estimated $349 million on its investments during the last three months of 2008, the company said in a regulatory filing today. That comes on top of a loss of $562.6 million reported for the third quarter. More than half of that was attributed to investments in failed investment bank Lehman […]
A busy weekend for me included a Friday evening run to Mass Ave. for the opening of Three Dollar Bill’s new sketch comedy show “Fiddleschticks,” a Saturday evening at Beef & Boards where “Don’t Dress for Dinner” kicked off the…
MANAGEMENT Dionne Leslie, executive director Tehea Harding, controller Tiffany Creager, early childhood education center director Jimmie Harrington, youth director Jan Vandever, director of social services
