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An expansion of an Indianapolis collection agency is expected to result in 220 workers being added to the roughly 100 already employed by the company. Premiere Credit said this afternoon that 120 of the jobs will be located at its location at 2002 Wellesley Boulevard near interstates 70 and 465 on the east side and […]

A lawsuit filed in Steel Dynamics Inc.’s headquarters city of Fort Wayne accuses the steelmaker of causing a steel company in Thailand to lose $1 billion. Prime Eagle Group Ltd., owner of the Thai steel company, claims investors abandoned Nakornthai Strip Mill after Steel Dynamics publicly criticized the project while acting as a consultant to […]

The new owner of Value City Department Stores is closing the location at 1230 U.S. 31 North in Greenwood. VCHI Acquisition Co., headquartered in Columbus, Ohio, will shutter the store within eight weeks along with other stores deemed non-core in its turnaround plan. A total of 30 of the 113 Value City stores will be […]

Cook Pharmica said today it will spend $80 million to expand its contract drug manufacturing operation to include formulation, filling and finishing. The project will create 200 jobs, said the company, a division of Bloomington medical device giant Cook Medical. Cook Pharmica currently develops and manufactures cell culture-based products. The expansion will have two lines […]

Utah-based SkyWest Airlines will cut 15 jobs at Fort Wayne International Airport after it lost a ground-handling contract, reports The Journal Gazette, citing a Worker Adjustment and Retraining Notice filed with the state. The job cuts, which include customer service and ramp agents, are slated to begin in April.

At least the lawyer got the same last name right. New York Times reporter Alex Berenson was able to break the story last week that Eli Lilly and Co. was secretly negotiating a $1 billion settlement with the government because an outside Lilly lawyer accidentally emailed him the details. The lawyer at Pepper Hamilton in […]

The slowing economy and rising competition drove down overall profit for Kimball International Inc. in its second fiscal quarter. The Jasper furniture and electronics maker reported today that profit fell 41 percent in the period ended Dec. 31, to $4.2 million. The weakening economy prompted companies to cut back purchases of new furniture and office […]

Indianapolis developer Browning Investments is planning a business park on about 150 acres south of Mount Comfort Airport, said Dale Pfeifer, a developer with Browning. The site is north of County Road 300 North and west of County Road 500 West, and is to have four warehouses with space ranging from 270,000 to 753,000 square […]

ArcelorMittal, the biggest steelmaker in northwest Indiana, is worried about the future of a railroad it uses to annually ship 5 million tons of steel and receive $2 million tons of raw materials. ArcelorMittal competitor U.S. Steel Corp. is selling most of the 198-mile EJ&E Railway, which serves industrial customers in the Chicago area, to […]

Indiana Steel and Tube, a steel processor in the southern Indiana community of Brownstown, plans to expand and hire 100 extra workers by 2010, the Indiana Economic Development Corp. announced yesterday. The $8 million plant will begin making about 2,500 tons of steel coil this year. The state offered nearly $975,000 in incentives, and the […]

The immediate future of Chrysler’s operations in Indiana is open to question now that a supplier to the Detroit automaker has sought bankruptcy protection. Friday’s Chapter 11 filing by Plastech Engineered Products Inc. suddenly cut off a stream of plastic parts to Chrysler’s 14 assembly plants, according to the trade publication Automotive News. All 14 […]