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Auburn-based Ambassador Steel Corp. has agreed to be bought by Harris Steel Inc., a unit of Charlotte, N.C.-based Nucor Corp., for $185 million. Nucor announced the deal today. Ambassador makes and distributes concrete-reinforcing steel and related products. The deal, pending regulatory approval, is expected to close by September. No details were provided about the impact […]

Conseco Inc. hired one upper-level executive and promoted another one this week. The Carmel-based insurer hired Michael Farley as senior vice president and annuity and life actuary. Farley, 45, joins Conseco from ING Re, where he served from 2001 to 2007 as chief financial officer and chief insurance risk officer. Conseco also made its interim […]

Sony Corp. plans to spend $113 million to expand its Blu-ray Disc manufacturing operations in Terre Haute, creating up to 85 jobs. Sony DADC employs about 1,180 at the plant, which makes 425,000 Blu-ray discs daily, plus compact discs and DVDs. Sony will receive $975,000 from the Indiana Economic Development Corp. in tax credits and […]

Assessed property value in Lebanon topped the $1 billion mark in 2006, thanks in part to the Lebanon Business Park, which opened in 1994, according to a report prepared for the Boone County Economic Corp. by accounting firm Katz, Sapper & Miller. The 60-page report outlines how the 1,000-acre park has created jobs and helped boost […]

Eli Lilly and Co. will pay $35 million for rights to an osteoporosis medicine delivered through the skin, the Indianapolis drugmaker announced today. Lilly has signed a licensing and development agreement with Israel-based TransPharma Medical Ltd. for exclusive rights to its ViaDerm-hPTH product and non-exclusive rights to its drug-delivery system, which delivers medicine through a […]

After a damp, chilly spring, grain farmer Norman Voyles Jr. still had 300 acres of soybeans yet to plant when a monsoon-like storm dumped 10 inches of rain on his central Indiana farm last weekend. The resulting deluge flooded a quarter of Voyles’ 1,800 acres of corn and soybeans – one in a parade of […]

Two Indiana railway companies have been forced to either suspend or cut back service as they deal with floodwaters that washed out gravel under tracks through Johnson County, reports the Daily Journal. Indianapolis-based The Indiana Rail Road Co. cut back service so workers could stabilize tracks with crushed rock between Bloomington and Indianapolis. It was […]

Ivy Tech Community College will receive the first of three $2 million signing bonus checks from Follett Higher Education Group today. In March, Ivy Tech announced an eight-year agreement with Illinois-based Follett for the management of Ivy Tech’s 27 bookstores across the state. The agreement included a $6 million signing bonus for the college, which […]

Indianapolis-based Dow AgroSciences will donate $25,000 to Indiana flood relief efforts. The Dow Chemical Co. Foundation will give the money to the American Red Cross of Greater Indianapolis to help victims of the flooding that has caused dozens of counties to be declared disaster areas. Dow AgroSciences is a subsidiary of Michigan-based Dow Chemical Co. […]

Flooding over the weekend caused an estimated $126 million in damage across central Indiana, according to a study by The Bureau of Business Research at Ball State University. The estimate included damage to structures and contents of homes and business, and $45 million in damage to public buildings, roads, bridges and water and sewer systems. […]