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Indianapolis-based Countrymark Cooperative LLP today said it will spend $20 million to upgrade and expand its Mount Vernon oil refinery, which will boost production by 12 percent, or 45 million gallons. The investment is intended to help counter a national gas shortage and an increase in demand for fuel, which together are driving up prices […]
Large parcel near Mount Comfort airport to be developed, area starting to boom Rosemont, Ill.-based Verus Partners LLC has asked the Hancock County Area Plan Commission to rezone 228 acres near Mount Comfort Airport to permit construction of an industrial park. The area is ripe for development, said Dennis Maloy, executive director of Hancock Economic […]
The group of private-equity firms that last week sweetened its offer to buy Biomet Inc. today began a tender offer to buy the Warsaw medical device maker’s shares for about $11.4 billion. The offer of $46 a share, which expires July 11, is contingent upon at least 75 percent of all shares being tendered. A […]
Herb Simon, co-founder of Simon Property Group Inc. and co-owner of the Indiana Pacers, has joined with other investors to buy the Tucson Sidewinders, a Triple A baseball team, for $13.5 million. The other investors are Jerry Katzoff and Stuart Katzoff, a father and son from New York City. The new owners plan to move […]
A young woman is dead and two family members hurt after a house fire early this morning on Cottage Avenue on the city’s south side. A mother, who jumped out of a second-story window, survived, as did one of her daughters, but her other daughter died. The fire was in the same area where more […]
Expenses that DaimlerChrysler and Getrag Corporate Group are incurring related to their $560 million transmission plant going up in Kokomo will be reimbursed by Tipton County through the sale of bonds, according to an agreement between the parties. A story in yesterday’s Kokomo Tribune said the agreement was disclosed Monday after being approved by Tipton […]
Former Colts quarterback Jack Trudeau appeared in a Boone County court yesterday and denied hosting an underage drinking party. His trial is scheduled for Oct. 2.
Indianapolis-based Autobase Inc. has been acquired by Dominion Enterprises of Norfolk, Va. for an undisclosed amount. Autobase makes software used by the automotive retail industry. Its founder and president, Bryan Anderson, will continue to lead the operations here. The company employs 140, most here in Indianapolis. A call to Autobase was not immediately returned. Dominion […]
Investigators are calling a garage fire this morning arson. It started in the 300 block of East Minnesota Street around 12:45 a.m. and is near the area where there have been a string of intentionally set fires.
Engineering design work began Monday for more than $4 million in public infrastructure improvements needed for expansion of Pfizer Inc.’s Terre Haute operations. Pfizer’s $330 million expansion will support its inhaled insulin Exubera, which has been having disappointing sales, causing the company to temporarily halt production earlier this year. Water service also is being expanded. […]
Dry conditions have prompted The Department of Waterworks to call for a water advisory. People with odd-numbered addresses are asked to water their lawns on odd-numbered days; those living in homes with even-numbered addresses should water their lawns on even-numbered days. The advisory lasts until Monday and includes other outdoor water use, such as washing […]
An Indianapolis mother will be in court Thursday, accused of threatening to kill her 1-year-old son. According to police, Margaret Figley had been arguing with her boyfriend, who is the child’s father. Figley is in the Marion County Jail, charged with neglect of a dependent and criminal recklessness after dangling her child from a second-floor […]
Herb Simon, co-founder of Simon Property Group Inc. and co-owner of the Indiana Pacers, has joined with other investors to buy the Tucson Sidewinders, a Triple A baseball team, for $13.5 million. The other investors are Jerry Katzoff and Stuart Katzoff, a father and son from New York City. The new owners plan to move […]
Indianapolis-based Autobase Inc. has been acquired by Dominion Enterprises of Norfolk, Va. for an undisclosed amount. Autobase makes software used by the automotive retail industry. Its founder and president, Bryan Anderson, will continue to lead the operations here. The company employs 140, most here in Indianapolis. A call to Autobase was not immediately returned. Dominion […]
The group of private-equity firms that last week sweetened its offer to buy Biomet Inc. today began a tender offer to buy the Warsaw medical device maker’s shares for about $11.4 billion. The offer of $46 a share, which expires at the end of July 11, is contingent upon at least 75 percent of all […]
Several new stores and restaurants have filed plans to open locations all over the city. Wherever you live, chances are there’s something coming nearby. North: The area’s first location for salad-focused Tossed…
Eli Lilly and Co. has settled another 900 liability lawsuits over its top-selling drug, Zyprexa, the Associated Press reports. Lilly did not disclose the amount it paid to settle those suits, saying it was not material to the company. Indianapolis-based Lilly has battled a flood of lawsuits claiming Zyprexa causes weight gain, diabetes or high […]
Indianapolis-based Angie’s List has received $9 million from current shareholders and bond financing that it will use to expand into 25 U.S. cities this year and Europe in 2008. Angie’s List already provides a listing of consumer opinions about businesses in 124 cities. The company said it planned to expand internationally this year, but has […]
Colorado-based burger chain Red Robin is entering the Indianapolis market in a big way starting later this month. The chain plans to open its first location in Plainfield on June 18. It…
