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A private equity consortium of Carlyle Group and Onex Corp. has bid the most for Allison Transmission, according to the Financial Times, which quoted anonymous sources. Owner General Motors wouldn’t comment, but the newspaper said the Carlyle and Onex bid was awaiting approval from the United Auto Workers last week. The other bidders-a party that […]
A consultant told business leaders in the Evansville area Tuesday that they should pounce on the chance to build an intermodal facility where freight containers can be exchanged between railroads and trucks, and do it before Terre Haute follows through on desires to launch a similar project. Morley and Associates business development director John DiDomizio […]
Steak n Shake Co. shares shot up 16 percent on Tuesday after a Dallas-based investment group reported it had amassed a nearly 10 percent stake in the company and plans to open talks on strategy, such as an acquisition or other “potential transactions to maximize shareholder value.” Affiliates of HBK Investments LP made the disclosures […]
Former Ivy Tech Community College executive Carol D’Amico this afternoon confirmed she’s been named president and CEO of Central Indiana Corporate Partnership’s new advanced manufacturing and logistics initiative. D’Amico will attempt to organize Indiana manufacturers and logistics firms and align them with the state’s colleges and universities. It’s the same strategy that CICP’s BioCrossroads initiative […]
Former Ivy Tech Community College executive vice president Carol D’Amico has been named president and CEO of Central Indiana Corporate Partnership’s new advanced manufacturing and logistics initiative. Sources this morning confirmed that CICP will announce D’Amico’s hire at a 4 p.m. news conference tomorrow on Rolls-Royce Corp.’s local manufacturing floor. In March, Ivy Tech looked […]
A news conference has been called Thursday afternoon at a site near Indianapolis International Airport at which outgoing Purdue University President Martin Jischke will make an announcement about Purdue Research Park. State and local officials are expected to attend, too. In West Lafayette, Purdue Research Park has more than 90 technology related companies.
Ratio Architects’ design for the Indiana Convention Center expansion is futuristic and will help set a new tone for downtown buildings, two Indianapolis architects who didn’t work on the project said after seeing images released yesterday. Plenty of glass and horizontal planes will make the expansion look high-tech and inviting to convention planners, said architects […]
A new apartment and retail complex along the canal has won a 10-year tax abatement worth $2.7 million. The Cosmopolitan on the Canal project, by locally based Flaherty & Collins Properties, is…
Tipton mayoral candidates say the $530 million transmission plant Chrysler Group and Germany-based Getrag Corporate Group are building near the town should provide job growth without disrupting the rural way of life associated with the community, according to the Kokomo Tribune. Getrag’s tax abatement request shows it intends to hire 1,088 Chrysler workers, and create […]
Eli Lilly and Co. won European approval today for its once-daily version of the impotence pill Cialis, Reuters reported. The OK from the European Commission could help Lilly differentiate its erectile dysfunction therapy from competitor Viagra. Before, Cialis and Pfizer Inc.’s Viagra have been taken as needed. But now, the new low-dose formulation of Cialis […]
Hospital network Clarian Health will begin charging its cigarette-smoking workers $5 per paycheck next year as punishment for the unhealthy habit. The fee applies to any worker covered by health insurance Clarian offers its employees. The smoking surcharge is part of a broader 2008 requirement by Clarian that each of its employees declare their health […]
Indianapolis-based Ratio Architects today unveiled final plans for a 420,000-square-foot expansion of the Indiana Convention Center. Among the details: 254,000 square feet of additional exhibit space, 63,000 square feet of meeting rooms, a new banquet kitchen and 100,000 square feet of so-called “pre-function space”-including three-story entry pavilion planned for the intersection of Capitol Avenue and […]
Locally based Ratio Architects this afternoon unveiled final plans for a 420,000-square-foot expansion of the Indiana Convention Center. It includes 254,000 square feet of additional exhibit space, 63,000…
Indianapolis-based based Marsh Supermarkets announced today it will close one store and remodel four others in Bloomington. The chain will close its South Walnut Street site in July and renovate the others with new fixtures and new product offerings. The changes will cost $2 million.
National Bank of Indianapolis plans to open a branch in the Village of West Clay, joining CVS and Chase Bank as the first retailers in the Art Deco-style retail village. The bank will be located in the Uptown section of The Village at 131st Street and Towne Road, locally based Brenwick Development Co. announced today. […]
Indianapolis-based BioStorage Technologies Inc., which stores and manages biomaterials for use in drug development and health care, said today that it has hired James M. Saponaro as executive vice president. Saponaro will oversee the company’s sales and marketing operations, its information technology and its business development functions. Saponaro spent the last 14 years as an […]
The Alliance of Area Business Publications over the weekend named IBJ the nation’s best large-market weekly business journal. The gold medal was among six awards the newspaper received during the association’s annual conference in Denver. Judges from the University of Missouri’s School of Journalism evaluated 772 entries from 59 publications, including papers in Los Angeles, […]
The economy near Kokomo-including northern reaches of the Indianapolis area-could sustain a two-fisted punch if Delphi Corp. succeeds with its plan to emerge from bankruptcy protection. The Michigan-based auto parts maker has reached a preliminary agreement with the United Auto Workers and its main customer, General Motors Corp., to cut production by about half at […]
Deals are in the works for two new restaurants downtown: a Mexican joint and a Cuban joint. Adobo Grill is expected to complete a deal this week to take about 6,000 square feet…
