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Autoliv Inc., a Sweden-based manufacturer of air bags and other auto-safety equipment, said yesterday that it will close its plant in the northeastern Indiana town of Columbia City, throwing 380 employees out of jobs beginning this year. The work will be consolidated at a Utah plant because the company doesn’t foresee the American auto market […]
Mid-West Insulation Inc., one of the city’s largest privately held commercial insulation contractors, told its 40 employees on Monday that it is closing. President and CEO Tom Flynn said the weakening economy caused profits to tighten, and the family-owned firm decided to shut down rather than allowing conditions to worsen and leave creditors and customers […]
Joblessness edged up to 6.4 percent in August from 6.3 percent in July, the Indiana Department of Workforce Development said today. The figure, which is seasonally adjusted and subject to revision, was well over the 4.5 percent rate of August 2007. Still, the department painted a nuanced picture of Indiana’s rate being a half-point below […]
The Indiana Stadium and Convention Building Authority announced today that 125 to 150 additional parking spaces for guests with disabilities have been identified around Lucas Oil Stadium.
The ISCBA said three areas will now…
Shares of Evansville-based manufacturer Accuride Corp., which closed last night at 73 cents each, exploded as high as $4 this morning on news the company’s exposure to Lehman Bros.’ bankruptcy is limited. The vehicle parts maker disclosed that only 19 percent of its $125 million credit facility is backed by Lehman commercial paper. The shares […]
Three activist groups dropped off a wallet and handbag crammed with play money at WellPointâ??s front door
this week to protest what the groups say are outrageous salaries pulled down by company executives.
The groups â?? Health Care for America Now,…
A few weeks back, in my A&E Season Preview in the print IBJ, I picked as one of the highlighted events David Foster Wallace’s scheduled talk at Butler University.
That won’t be happening. The acclaimed writer, best known for his essays and…
Indianapolis-based CountryMark Cooperative Inc., which operates an oil refinery that turns out diesel fuel used primarily by farmers, has returned to drilling oil wells after abandoning the production business decades ago. CountryMark has hit oil with a well it drilled in Spencer County, and two more wells are planned this year in Posey County – […]
King Park Area Development Corp. is in advanced talks with Ace Hardware to anchor a new retail project at the northeast corner of 22nd and…
Conseco CEO Jim Prieur bought 200,000 shares in the company today, the Carmel insurer disclosed. The purchase brought Prieur’s stake to 430,000 shares, according to Bloomberg. Prieur acquired the shares for $4.35 to $4.97 a share. The stock is up 22 percent today, to $4.62, after having lost nearly half its value this week. The […]
The wife of former Conseco Inc. chief counsel Lawrence Inlow has lost a court appeal in which she attempted to prevent money from a wrongful death settlement with the Carmel insurance company from being used to pay for his funeral. The decision means the $248,034 cost of the funeral and burial will be taken from […]
The Indianapolis Colts have rolled back the opening of Lucas Oil Stadium by two hours on home game dates. LOS will now open two hours before games, instead of the four hours it…
As stock prices of Wachovia Corp. and other big names in banking take massive hits, regional banks like Integra and Old National in Evansville are quietly racking up large gains. An analysis of the best-performing Indiana stocks since Sept. 1 reveals regional banks atop the list. Integra Bank Corp. has seen its shares soar nearly […]
Bloomington billionaire Bill Cook placed 68th on this year’s Forbes 400 list of the richest Americans, the same rank he held last year, retaining his spot as the wealthiest Indiana resident. However, Cook needed $500 million more to keep the placing. Last year, the 77-year-old had $4.5 billion; this year he hit $5 billion. Cook […]
Izod rolled out a new line of Indy Racing League-themed jeans and shirts at a leading fashion show in Las Vegas last month.
This week Izod announced they will rev up a major marketing…
Eli Lilly and Co. announced today that CEO John Lechleiter will also gain the additional title of chairman on Jan. 1. Lechleiter will replace Sidney Taurel, who is retiring. Lechleiter took over for Taurel as CEO on April 1. Lilly directors today also named Taurel as chairman emeritus.
Space is limited in this week’s print IBJ, so instead of cutting down the week’s reviews, I thought I’d share my thoughts here on three recent theater production openings. (FYI: You can find A&E reviews every week in IBJ’s Not Strictly Business…
Casino Aztar, the riverboat docked at Evansville, will be sold at auction Nov. 18, according to the Evansville Courier & Press. The casino had been sold to Reno, Nev.-based Eldorado Resorts LLC in March for as much as $245 million, but then the owner, Tropicana Entertainment LLC, sought bankruptcy protection, negating the sale. A Delaware […]
Owners of rental property are responsible for paying sewer fees if their tenants fail to pay the bills, the Indiana Supreme Court said today. Municipalities can transfer delinquent balances to property owners without notice because the owners ultimately are responsible for paying the fees, said the unanimous ruling, which upheld lower court decisions. Pinnacle Properties […]
A consortium of financiers led by Credit Suisse has turned down an attempt by Centaur LLC to build a $455 million harness race track near Pittsburgh, the company announced yesterday. Centaur said it has immediately begun seeking an investment bank to help it move ahead with the $445 million project, called Valley View Downs. “We […]
