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The Muncie bank that last week announced plans to buy Lincoln Bancorp anticipates slashing $8 million in expenses from the Plainfield institution. First Merchants Corp. disclosed the figure in a regulatory filing yesterday. The savings would amount to roughly one-third of the $25 million in expenses Lincoln reported last year. About 75 percent of the […]
Conseco Inc. just wants its $10 million back. But federal judges keep saying no. The Carmel-based insurance company lost another round in court yesterday when the U.S. Court of Appeals for the Seventh Circuit affirmed that an insurance policy that Conseco once held cannot be applied to the $10 million Conseco paid in 2005 to […]
Executives of General Motors, Ford and Chrysler are optimistic about their chances of getting inexpensive federal
loans to help tide them through the credit crunch and sales downturn.
The discussions, which have come to light in recent weeks, have the execs…
The Indianapolis Colts are no better than the New England Patriots—even without quarterback Tom Brady.
That’s right, the Matt Cassel-led Patriots have just as good a chance as the Peyton Manning-led Colts to win…
Heartland Truly Moving Pictures announced today that its Opening Night Event, Oct. 16, will feature the North American premiere of the Miramax film “The Boy in the Striped Pajamas.”
Actor David Thewlis (best known from the Harry Potter films),…
Tavern at the Temple restaurant at 11th Street and the Central Canal in Buggs Temple will close for good on Wednesday. Creation Cafe, a casual restaurant and…
Time to empty the notebook with some quick items.
–It was announced today that Indiana’s own Twyla Tharp will be the recipient of a Kennedy Center Honors this year. She’ll be joined by Morgan Freeman, Barbra Streisand, George Jones, Pete Townshend…
Developer Christopher Piazza says “difficult market conditions” have led to a delay for his $3-million renovation of the Penn Arts building at 16th and Pennsylvania…
Indianapolis-based radio and magazine company Emmis Communications Corp. has formed a partnership to broadcast ethnic programming to Indian, Pakistani and other South Asian communities in Chicago, Los Angeles and New York. The partner, New York-based WorldBand Media LLC, will send its programming over Emmis’ high-definition radio bandwidth, Emmis said today. The signals are expected to […]
The Indiana Commission on Higher Education rolled out an ambitious goal yesterday â?? to increase the number
of graduates from state-supported colleges and universities by a third within four years.
Indiana isnâ??t plagued by too few high school grads…
So who led more laps during this Indy Racing League season; Danica Patrick or Milka Duno?
Well, if you chose Milka Duno, you are right on. On lap 141 of Sunday’s race at Chicagoland, during…
Noblesville-based truck body maker Warner Bodies Inc. has added 30,000 square feet of production space following its January acquisition of Metro Products in Indianapolis. The $850,000 deal included the food processing, chemical and pharmaceutical equipment Metro made through its Langsenkamp division. Warner is adding 15 employees to its existing roster of 80.
AmeriQual Group LLC, an Evansville company that makes ready-to-eat meals for the military and vending machines, plans to hire 400 temporary workers due to rising demand from hurricane-stricken areas. The positions are available in general production, warehousing and packaging, according to the Evansville Courier & Press.
Marketing Informatics LLC, an Indianapolis direct-marketing firm, has sold its printing unit to Indianapolis-based Printing Partners Inc. Marketing Informatics acquired the print operation, then called RPS Printing Inc., from Tom Bius three years ago. However, the print arm needed a big investment to bring capacity in line with Marketing Informatics’ needs, said founder and CEO […]
Indianapolis-based hospital system Clarian Health is moving to bring Muncie-based Cardinal Health System, parent of Ball Memorial Hospital, into its fold by the end of the year. Directors of both hospital systems have voted unanimously to enter into a letter of intent and exclusive discussions, which could lead to a merger, according to a joint […]
An area long considered one of the most promising sites in the state for economic development is finally getting traction. A year ago, the budding WestGate @ Crane Technology Park barely had opened its first building. Now the park, which is next to the secretive Naval Surface Warfare Center at Crane in southwestern Indiana, anticipates […]
One of the world’s largest health care suppliers plans to open a distribution center and warehouse in Plainfield. Pennsylvania-based Siemens Healthcare USA is taking a big chunk of a 500,000-square-foot building at 2150 Stanley Road, company spokesman Lance Longwell said. Longwell confirmed the deal but declined to disclose specifics, saying an announcement of the number […]
A former used-appliance store in Fountain Square has a whole new look after a $300,000 renovation. The property at 1315 Shelby St. now has four…
Apparently NBC’s Andrea Kremer didn’t get the memo. At least she didn’t get the one from Lucas Oil Products Inc. founder Forrest Lucas. During a sideline segment during last night’s Indianapolis Colts-Chicago Bears…
Just about every young, college-educated Midwesterner has given up hope and moved to the South or West, right?
A story that appeared in IBJ over the weekend suggests otherwise.
The Indianapolis area leads nearly all other large Midwestern cities…
