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Falling demand for the hulking H2 Hummer sport-utility vehicle has prompted its manufacturer, Mishawaka-based AM General, to lay off 80 workers, according to the South Bend Tribune. Production at AM General’s northern Indiana plant will be cut to 25 units a day from the volume of 52 a day early this summer as rising gas […]
Two units of Crystal Food Services have been acquired by Treat American Food Services, which is headquartered in the Kansas City suburb of Merriam, Kan. Treat America intends to expand the operations of Café Group, which runs corporate cafeterias, and Capitol Vending, said Chief Financial Officer Mike Meurer. He didn’t disclose the extent of the […]
The USA Track & Field headquarters in downtown Indianapolis is taking a cue from Wendy’s restaurants. They’re staying open late.
USATF’s new CEO Doug Logan said this is the first step in creating a…
Publishers Weekly reports that the Rocky Mountain News has decided to start publishing fiction in its newspaper. Specifically, original short stories. See story here.
On the surface, fiction might seem no more out of place in a newspaper than comics or…
The Indiana Fever re-start their season tonight with the hope of cranking up the team’s attendance even more than it has already elevated this year.
Through 13 homes games, the local WNBA team has…
For years, other cities have been experiencing the unique pleasures of seeing musicals in concert. In New York, they call it Encores! In L.A., it’s Reprise!
Finally, Indianapolis is catching on. And while there is no exclamation-marked name for our version…
Angela Braly, who last summer took over as CEO of Indianapolis-based health insurer WellPoint Inc., is ranked No. 4 on Forbes’ latest list of the world’s most powerful women. That’s up from No. 16 last year. The magazine builds the rankings based on a person’s public profile and financial “heft.” Topping the list is Germany […]
Quadraspec Inc. has snagged another $2.5 million in capital that the West Lafayette-based company hopes will carry it to the point of launching its diagnostic products for human use. Indianapolis-based Clarian Health Ventures led the funding round, contributing more than $625,000. Three other firms also joined in, including Michigan-based EDF Ventures, Carmel-based Spring Mill Venture […]
Small, fuel-efficient cars are in and big, thirsty vehicles are out. But as consumers try to save money
on gas, their odds of getting hurt increase, the Insurance Research Council warned today.
The Pennsylvania organization, which researches the property and casualty…
Officials for the Indy Racing League are probably happy the Olympics happen only once every four years. This year’s games in Beijing, IRL officials said, have done a number on their TV viewership lately.
The IRL’s Aug. 24 race in Sonoma…
Impact Racing LLC, which manufactures fire suits, helmets and other racing gear, plans to expand by building a plant in Clermont, the Indiana Economic Development Corp. said today. The $3.7 million, 20,000-square-foot expansion is expected to result in hiring 100 workers in addition to the 120 currently on the company’s roster. Indianapolis-based Impact Racing received […]
Hurco Cos. Inc. reported today that profit in its third fiscal quarter increased 13 percent, to $5.8 million, from the same period a year earlier. The Indianapolis-based maker of machine tools said the jump in the period ended July 31 was driven by sales and service fees in Europe and Asia. Sales were particularly strong […]
A brief review I posted here on Friday of the IndyFringe show “Peace on Terror” has generated some intense reaction. See the post and ongoing comments here. The conversation, led by someone involved in the show, has spilled over…
Let’s start with some real estate news from this week’s IBJ in print:
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known…
Indiana law doesn’t allow collecting interest on Worker’s Compensation benefits, including past-due medical bills, the Indiana Supreme Court said today. The ruling upheld a 2006 decision by the Indiana Workers’ Compensation Board. The board denied a request by a dentist who wanted to charge interest on past-due medical bills incurred by treating a patient who […]
A $100,000 grant from Lilly Endowment is intended to help the Athenaeum raise funds to continue restoration of the downtown landmark. The Athenaeum Foundation said yesterday that the grant will support a development director for two years as the foundation looks to projects that range from tuck-pointing bricks, at a potential cost of $250,000, to […]
Indy Racing League officials are unveiling a new communications system using Bluetooth technology that will beam audio messages straight into the wireless telephone earpieces of fans attending their races.
Fans at the track will…
Record flooding on June 7 has claimed a downtown Columbus furniture and interior business. Montage Furniture & Design will close after 16 years in business, The Republic newspaper of Columbus reported. More than $100,000 of merchandise was lost when flood waters hit a Montage warehouse. Montage, owned by Trent and Cinde Wirth, will close in […]
Five years after its launch, the Noblesville Daily Times will stop publishing at the end of the week, the newspaper said today on its Web site. “It’s a tough economy, it’s a competitive market, and it’s a tough time for newspapers in general,” Publisher Michael Corbett said in an online story. “All newspapers are wrestling […]
The Indianapolis private-equity firm Hammond Kennedy Whitney & Co. Inc. has financed the recapitalization of Crane Rental Corp. of Orlando, Fla. Hammond Kennedy partner Jim Snyder said the value of the deal was more than $60 million, and involved the existing president of the family-owned company remaining in the post and holding a minority equity […]
