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Profit at Fort Wayne-based Steel Dynamics Inc. increased 12 percent, to $101 million, in the third quarter on across-the-board increases in its businesses. The steel recycler said today that revenue swelled 27 percent from the $876 million of a year earlier. The improvement came despite softness in flat-rolled steel and some slowness in certain bar […]
The Port Authority of Evansville may approve spending $50,000 for a feasibility study to build an inland harbor near Howell Yards railroad yard, reports the Courier & Press. The project would require cutting into the land to form a water harbor where barges could be brought. The need for an inland harbor is in response […]
Democrats are accusing the state Republican Party of negative campaigning after the party mailed cards to residents of South Bend claiming that businesses are leaving the city, among other problems. “RIP,” said the card, which has a picture of a tombstone. “Here lies South Bend, a once vibrant city now abandoned by business, overrun by […]
Champps near The Fashion Mall at Keystone can’t serve alcohol for 15 days because of an excise violation in 2005. The suspension is part of an agreement the restaurant reached with the state…
Two of the city’s largest real estate agencies, both affiliates of Century 21, have agreed to merge and be headquartered in Carmel. Century 21 At The Crossing and Century 21 Scheetz will join, creating a company with more than 300 agents and five offices in the Indianapolis area, including downtown, Carmel, Zionsville and Greenwood. The […]
Pepsico and Johnson & Johnson are among several big companies that have sued Bloomington-based International Outsourcing Services to try to recover $150 million the companies say they were bilked out of in a coupon scheme. The suit, filed Oct. 12 in Milwaukee, claims International Outsourcing turned in invoices for coupons that had not been used, […]
Ad agency Publicis Indianapolis is suddenly scoring with sports. Though it was not known for sports marketing before this year, Publicis’ local office has nabbed two high-profile sports clients in recent months, with the Indiana Fever announcing yesterday they have struck an agency-of-record deal with the firm. Earlier this year, Publicis replaced Pearson Partners-formerly Pearson […]
More than 400 tickets have been sold for flights among Indianapolis, Evansville and South Bend on Massachusetts-based Cape Air, a month before the commuter airliner begins service, reports the Evansville Courier & Press. Cape Air, which will begin flying Nov. 13, will offer direct Evansville-to-Indianapolis and Indianapolis-to-South Bend flights. The commuter airline company in August […]
Ice River Springs, a water bottler headquartered in Ontario, Canada, will build a $20 million, 273,000-square-foot plant in Kentland, according to the Indiana Economic Development Corp. The project in the town between Gary and Lafayette will employ as many as 100 to bottle purified water as well as water taken from a spring. The plant […]
A developer is taking another shot at a condo project along Winthrop Avenue in Broad Ripple. The project was denied at a rezoning hearing June 20. The Metropolitan Development Commission is scheduled to consider a new plan Wednesday that calls…
A supplier to Toyota Motor Manufacturing said today that it will build a 201,000-square-foot plant to manufacture seat frames for at least one Toyota model assembled at the sprawling Princeton plant. Toyota Boshoku Corp., which is based in Japan but is not part of the giant automaker, will locate the plant and its 200-plus workers […]
Fort Benjamin Harrison Reuse Authority has named Cassandra Ashley-Jordan to replace Ehren Bingaman as executive director. Bingaman resigned in August to become the first executive director of the Central Indiana Regional Transportation Authority, which was created by state statute in 2004 to coordinate public transit in the nine-county area. Ashley-Jordan is an environmental scientist and […]
Indianapolis-based WellPoint Inc. has opened its location at Indianapolis International Airport for handling specialty drugs. The 126,000-square-foot site within the former United Airlines maintenance hangar has automated handling equipment and a call center. It is staffed with 400 workers and is slated to grow to 900 before 2010. Pharmaceuticals handled through PrecisionRx Specialty Solutions often […]
A $600-million plan to revamp interstates 465 and 69 on the northeast side could have a major impact on buildings near the highways. Several properties, including a couple of office buildings, some…
CertainTeed Corp. has halted construction on a $70 million plant in Terre Haute that is to make cement-fiber house siding, prompting contractors to slap a flurry of liens on the property. The Valley Forge, Pa., company says the stop is temporary, but didn’t offer details as to when construction might resume, according to The Tribune-Star […]
The local not-for-profit Leadership Ventures plans to pilot a program that teams not-for-profit CEOs in monthly sessions where they’ll jointly solve problems at one another’s organizations. Besides professional development, the Executive Director Venture Group program seeks to form lasting ties among these CEOs, who often serve in relative isolation and face myriad more duties than their counterparts in private business. “There are a ton of support organizations for businesses, [but] how many are there only available for not-for-profits?” asked Ruth…
The late Tom Miller, the legendary Indianapolis banker, didn’t sugarcoat the truth when he decided to retire in 1994, about a year after selling local powerhouse INB Financial Corp. to Detroit-based NBD Bancorp. “I’m not accustomed to saying, ‘May I?'” he said at the time, explaining the awkward transition from running his own bank to answering to an out-of-state owner. That mind-set helps explain why the days of the imperial bank CEO are long over in Indianapolis. Until the succession…
The Court of Appeals ruled Oct. 9 that Indiana’s restructured pay plan for nurses is rational and proper, reversing the judgment of the trial court. In Madison State Hospital, Indiana Family & Social Services Administration, and State Personnel Department V. Karen L. Ferguson, the Court of Appeals reversed the trial court’s award of relief to Karen Ferguson. Ferguson, a nurse supervisor at Madison State Hospital, and six other nurse supervisors, filed separate complaints with the State Employee Appeals Commission, arguing…
Neighborhood Pizza, which operates out of the back of a souped-up box truck equipped with a pizza oven and other necessities,
is among a growing number of startups that are hitting the road–literally.
Whether it’s southbound I-69 traffic backed up almost to Noblesville, or northbound I-465 traffic a parking lot all the way
to 56th Street, the northeast highway system is grossly inadequate at peak hours. But a report issued last month by an INDOT
consultant shows a radical, $600 million reconfiguration is in the works.
