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BP Alternative Energy plans to buy NiSource Inc.’s Clean Energy plant in Whiting for $210 million. The Whiting facility uses heat generated by its power station to make electricity sold on the open market. Steam generated by the station is sold to a BP refinery, also in Whiting. No job cuts will result from the […]
A development company is buying 185 acres on the east side of Shelbyville with plans to turn it into retail space. Shelbyville Development Group LLC is owned by Wyoming retail developer Tom Kremer along with Robert Rynard Jr. of Greensburg and Chad Middendorf of Louisville. Kremer told The Shelbyville News that it’s too early to […]
Indianapolis-based Republic Airways Holdings Inc. generated $20.2 million in profit in the first quarter, a slight increase from the $19.3 million from a year earlier. Excluding a loss on an interest rate transaction and a reserve on accounts receivables from Frontier Airlines, which filed for Chapter 11 bankruptcy protection April 10, Republic profit came to […]
Profit at Celadon Group Inc. plunged to $1.1 million in its third fiscal quarter, from $6.6 million a year earlier, the Indianapolis trucking firm announced yesterday. The penny of profit per share in the quarter ended March 31 was well under the 6 cents anticipated by analysts surveyed by Thomson Financial. Skyrocketing diesel fuel prices […]
Conseco has dropped off the Fortune 500, leaving WellPoint, Lilly, Cummins and NiSource as the only Indiana companies remaining. Several Indiana firms are closing in on the elite list, though. One is Steel Dynamics, the Fort Wayne company that recycles scrap metal….
Locally based Monarch Beverage Co. plans to transform a vacant drive-in theater in Lawrence into its new headquarters. The theater would be replaced with nearly 1 million square feet of new…
Indianapolis-based MainGate Inc. today announced it has signed an exclusive three-year deal to be the on-line merchandiser for the National Football League’s St. Louis Rams. Though terms of the deal were not disclosed,…
West Terre Haute-based Marion Manufacturing said it plans to spend $2 million to expand its operations and more than double its work force by 2011. The woman-owned business provides machining services to heavy-equipment makers like Illinois-based Caterpillar, as well as automotive, aerospace, agriculture and medical clients. The company employs 35 and expects to hire another […]
Liberty Mutual Group said Wednesday it has agreed to acquire publicly traded Safeco Corp. and take it private in an all-cash, $6.2 billion deal to create the nation’s fifth-largest property and casualty insurer. Boston-based Liberty Mutual and Seattle-based Safeco said the boards of both companies approved the deal, which is subject to approval by Safeco […]
The Indiana Convention Center, the Indianapolis Zoo, White River State Park and Murat Theatre have agreed to transfer their catering contracts to Connecticut-based Centerplate Inc., a move that clears the way for Centerplate to purchase locally based Crystal Catering. Crystal, central Indiana’s largest caterer, had held all those contracts. Jack and Dan Bayt founded Crystal […]
The Indiana Convention Center, the Indianapolis Zoo and White River State Park have agreed to transfer their catering contracts to Connecticut-based Centerplate Inc., a move that clears the way for Centerplate to purchase locally based Crystal Catering. Crystal, central Indiana’s largest caterer, had held all those contracts. Jack and Dan Bayt founded Crystal in 1987 […]
Shares of Republic Airways Holdings Inc. were down 10.7 percent this morning on news the locally based airline had severed ties with bankrupt Frontier Airlines. Shares were at $16.03 as of 11 a.m. Republic this morning said it would begin breaking away from Frontier due to the Denver-based airline’s recent decision to file for Chapter […]
Old school musical purists, cover your eyes. A parade of new, irreverent musicals (some not yet officially announced) are on the way to Indy.
Some examples:
In the fall, Theatre on the Square not only will be offering the blood-spattered “Evil Dead:…
The looming property tax crisis has Indiana high schools fearful that athletic department budgets could be the focus of future fiscal cuts.
Ray Compton, one central Indiana’s most successful—and unconventional—sports marketers has a plan…
Shares of WellPoint Inc. were up slightly this morning, despite the company’s news that profit fell below expectations in the first quarter. Profit at WellPoint Inc. fell below the company’s already lowered expectations in the first quarter and company officials for a second time lowered their profit forecast for the year. The Indianapolis-based health insurer […]
Workers at Boston Scientific Corp.’s plant in the southern Indiana town of Spencer fear departments that manufacture catheters and stents might be moved to Costa Rica, but the Massachusetts company wouldn’t comment. Most workers leaving the plant yesterday wouldn’t discuss the changes with The Herald-Times of Bloomington, but some whose names weren’t disclosed said the […]
PlantCML Inc., which bought Indianapolis-based Reverse 911 in May last year, itself has been acquired by EADS North America for $350 million. PlantCML, headquartered in Temecula, Calif., was owned by Golden Gate Capital, a private equity fund in San Francisco. EADS North America is based in Arlington, Va., and is an arm of aerospace and […]
Despite the national housing market’s slump, more than three-quarters of U.S. homebuyers remain confident their purchase was at least as good an investment as stocks. That’s according to a new survey released today by the Metropolitan Indianapolis Board of Realtors. “Real estate is a long-term investment. Don’t buy and expect to make a fortune in […]
New Indiana University basketball coach Tom Crean is convinced athletic facility improvements under way on the Bloomington campus will help the Hoosiers return to dominance.
Crean told a group of mayors from southern Indiana…
Whirlpool is struggling with its employees in Evansville as it tries to keep a lid on escalating health
care costs.
The company says it has caught a few dozen of them smoking. That wouldnâ??t be a problem had the…
