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Fort Wayne-based Steel Dynamics Inc. has closed on its $360 million acquisition of The Techs, a flat-rolled-steel company based in Pennsylvania. The company has three galvanizing facilities in Pennsylvania, including two in Pittsburgh. The deal was announced last month.
Pended homes sales in the United States fell 3.5 percent in May from the month before. It was the third consecutive monthly drop, according to the National Association of Realtors. Pended sales fell 3.2 percent in April. Pended sales in May were 13.3 down from the same month a year ago.
As first reported in Property Lines on May 2, the owners of First Indiana Plaza are considering a sale of the struggling 31-story skyscraper. Who do you think will…
north of South Street between Meridian and Pennsylvania streets.
Private equity firm Monomoy Capital Partners LP has acquired Middlebury-based Pilgrim International Inc. and plans to combine it with another recreational vehicle maker it owns, Washington-based Western Recreational Vehicles Inc. The merged company will be headquartered in Middlebury. No impact to the 750 workers the two companies employ is expected. New York-based Monomoy Capital did […]
ATA Airlines plans to discontinue line maintenance in Indianapolis by Nov. 1 and appears ready to deactivate its Indianapolis maintenance operations entirely. The discontinuation of line maintenance-which involves quick, overnight-type aircraft work rather than overhauls-underscores the increasing irrelevance of Indianapolis to the locally based airline. Once the busiest carrier at Indianapolis International Airport, ATA ended […]
Indianapolis law firm Ice Miller LLP has expanded its presence in DuPage County, Ill., and is staffing its new office there with 14 attorneys absorbed from another practice in suburban Chicago. The lawyers from Wildman Harrold in Lisle bring a broad base of experience and represent a diverse clientele, including Fortune 500 companies, private businesses, […]
Apple Inc. sold about 200,000 iPhones in the first 24 hours the product was on store shelves. By late Sunday, 520,000 gadgets had sold. The iPhone, which also works as an iPod music player and a wireless Web device, went on sale the evening of June 29. It sells for $500 for the 4-gigabyte version […]
Elkhart- based CTS Corp. today said it plans to repurchase as many as 2 million of its outstanding shares of common stock. The shares represent about 6 percent of the company’s 36 million outstanding shares. Details related to the timing and price have not been determined. Shares of the company, which makes electronic components and […]
Jasper-based Kimball International has won a contract to produce automobile steering systems for the European market. The value of the five-year contract is about $170 million. Production will begin next year at an existing Kimball Electronics Group facility in Poland. The new business is related to the next generation of electronically power-assisted steering. Kimball-the state’s […]
Plans are taking shape for a major hotel, residential and restaurant development across from Conseco Fieldhouse. South-side developer J. Greg Allen is proposing a project that would stretch from Maryland Street to…
If there’s anyone in your household under 16, you’ve no doubt heard about the phenomenon that is “High School Musical.” The little Disney-Channelmovie-that-could has aired in what seems like a permanent loop on TV, spawned the best-selling album of 2006 (blowing past the likes of “Nickelback” and Justin Timberlake), and launched concerts for its cast, a touring stage version, and even an ice-show version. So far, Indy has been spared the skates. In a canny business move, Disney tossed out…
My son wants a portable PlayStation. Or a GameBoy. Or anything he can fit in his hand and play video games on and be like all the other kids in the hood. And if he goes all summer with great behavior and a good attitude, he probably will get one. The other night during dinner, my wife asked if Apple makes a video game player. No, I answered, but I have to believe Steve Jobs is working on it, and…
Here’s a paradox: If Finish Line Inc. CEO Alan Cohen hadn’t run his company with such a conservative hand through the years, he wouldn’t have been in a position to launch the audacious acquisition of Genesco Corp.-a retailer with nearly twice the stock-market value. The fact that Finish Line carried no debt-a strategy that irked some shareholders as overly cautious-meant the Indianapolis firm had the financial wherewithal to pull off the $1.5 billion buyout. In a report, BB&T Capital Markets…
Phil Ramsey, 65, knows what he’s doing in the fireworks business–he’s been working fireworks shows as a volunteer since 1968
and founded Frankfort-based Ramsey Pyrotechnics Inc. in 1982. When he’s not battling Mother Nature, Ramsey is a grain farmer.
The burgeoning number of immigrants arriving in Indianapolis have a new source available to help them navigate unfamiliar surroundings and the kaleidoscope of social support systems available. The Immigrant Welcome Center is a program launched in October that uses volunteers dubbed “natural helpers” to link foreign newcomers to such basic needs as health care, government and transportation services. Although the effort is nearly 9 months old, it’s just now getting up to speed as organizers are interviewing candidates to lead…
A lot of people across Marion County are going to be upset this month as their property tax bills start landing on their doorsteps. Taxes are expected to increase an average of 24 percent. Although that means there will be some people with tax increases much less, there will be a lot more with increases way above that number. I’ve already heard stories of 30-percent increases in tax bills, 50-percent increases, and one poor soul told me he got a…
Small businesses should be able to purchase new kinds of property, casualty and Worker’s Compensation insurance quicker than in the past under a new state law that delays regulatory oversight of new products. But some business owners say the law puts them at risk of buying insurance that includes surprise clauses — since regulators won’t be checking them in advance. The law rolls back regulations that slowed insurance sales in Indiana by effectively requiring insurers to clear new products with…
