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Rising unemployment rates are making it harder for more states, including Indiana, to pay jobless benefits, according to Stateline.org. The non-partisan organization, which reports on trends in state policy, says unemployment insurance trust funds are in danger of insolvency in California, Michigan, Missouri, New York, Ohio, South Carolina and Wisconsin. It cites a study by […]
An Italian manufacturer of wind turbine transmissions and other types of transmissions plans to move its U.S. headquarters to Yorktown and create 455 jobs, according to Energize-ECI Inc., an economic development group that promotes the Muncie area. Brevini Co.’s $60 million project will be formally announced this afternoon. The relocation of the U.S. offices from […]
Mirror mirror on the wall … who’s the most influential of them all? Business Week attempts to answer that question in this week’s issue with an in-depth look at the 100 most influential people…
A closed Bennigan’s restaurant in Fishers is now home to Hot Shotz. The local restaurant’s previous location, near 96th Street and Gray Road, was destroyed in a fire on June 28. The new…
One of the biggest sociological buzz books in recent years was Malcolm Gladwell’s “The Tipping Point,” in which the journalist looked at the root causes of popularity–what are the circumstances that lead to a sudden skyrocketing of awareness
His next book,…
The helmet that Graham Rahal wore during the Honda Indy 200 at Mid-Ohio is up for auction on the online auction site eBay. This one-of-a-kind helmet was designed as a tribute to Paul…
Clarian Health Ventures has invested an undisclosed amount of money in NeoChord Inc., a Minneapolis company that’s developing a treatment for mitral-valve regurgitation. The treatment is based on technology first developed at Mayo Clinic and has since received funding by angel investors with ties to Indianapolis, Clarian said in a press release. The technology has […]
Just about everyone whoâ??s taken advantage of a nice day to trek to Brown County on State Road 135 has
seen a lot of motorcycles.
The winding road to the tourism hot spot may indeed be picturesque. But itâ??s also dangerous.
The…
A slowing of new development caused the industrial property vacancy rate to drop in the third quarter, according to Colliers Turley Martin Tucker. The rate fell to 7.3 percent from 8.1 percent in the second quarter, the brokerage said. Available space fell by 3 million square feet, to 25.7 million square feet. While the brokerage […]
Allen County officials have stopped construction of a Fort Wayne hotel because a section of the seven stories that have risen into the air is sinking, according to WANE-TV Channel 15. The project, which is near I-69 and U.S. 24, is settling because it was built on topsoil, the Fort Wayne station reported. The contractor, […]
Brevini, an Italian company that makes transmissions for wind turbines and other applications, is expected to announce tomorrow afternoon that it will open a location in an industrial park at Yorktown, which is near Muncie. The location in Park One will involve as many as 400 jobs ranging from administrative to manufacturing, according to The […]
Yet another poll shows the contest between John McCain and Barack Obama as too close to call in Indiana.
The WISH-TV Channel 13 survey has each with 46 percent of likely voters.
With margins like this, the election could…
Eli Lilly and Co. promised to dole out $62 million to 32 states to settle claims that the Indianapolis drugmaker improperly marketed its bestselling drug, the antipsychotic Zyprexa. Indiana will get $1.6 million of the total, according to Attorney General Steve Carter. Attorneys general from the 32 states had claimed that Lilly illegally promoted Zyprexa […]
The Indiana Pacers are running into a pick even before their pre-season tips off tomorrow at the Indiana State Fairgrounds. The Secret Service—preparing for presidential candidate Barack Obama’s appearance at the Fairgrounds’ grandstand—is…
Wall Street didn’t embrace Eli Lilly and Co. CEO John Lechleiter’s plan to acquire biotech firm ImClone Systems Inc., a maker of cancer drugs, for $6.5 billion. Lilly shares tumbled 5 percent today to less than $40 a share-a new 52-week low. One analyst called Lilly’s deal “an act of desperation” as the company struggles […]
Stocks in Indiana and across the globe tumbled again today, as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other governments. The Dow Jones industrials skidded nearly 500 points and fell below 10,000 for the first time in four years, while the credit markets remained […]
Janitors and clergy staged a rally this morning over a decision by the owner of the 101 W. Ohio office tower downtown to hire a janitorial contractor that didn’t sign on to a citywide janitors’ contract negotiated last spring. The Service Employees International Union said Philadelphia-based Amerimar Enterprises replaced New York-based ABM Industries Inc. with […]
Normal 0 MicrosoftInternetExplorer4 Nonferrous Products Inc., a Franklin company specializing in metalworking and specialty alloys, has agreed to be acquired by International Beryllium Corp. of Vancouver, British Columbia, for $10.5 million. Nonferrous employs 35 at its 12-acre Franklin campus. The company reported $11.7 million in 2007 revenue and is profitable, International Beryllium said in a […]
It’s time for Indiana University leaders to make the same commitment to football they’ve made to basketball.
And I don’t want to hear any more excuses about this being a basketball state. I’d say the…
Normal 0 MicrosoftInternetExplorer4 OHL, a Tennessee-based provider of logistics services, announced today that it will expand its Plainfield operations, investing $11.3 million and creating 120 jobs. The expansion will boost employment at OHL’s 3.2-million-square-foot Plainfield campus to 520. OHL provides logistics services for a variety of firms. The Indiana Economic Development Corp. said the state […]
