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Mayor Bart Peterson and Gov. Mitch Daniels have scheduled a news conference this afternoon at 3:30 to announce a “corporate relocation of North American operations to Indianapolis.” The news release about the announcement contains a file attachment labeled Veolia Water. Veolia Water is the Houston-based water division of Veolia Environment, which is based in France. […]
Indianapolis-based Bell Industries Inc. has agreed to sell some of its assets to Sprint Nextel Corp. for about $13.5 million in cash. The assets being sold represent stock ownership in certain wireless communications bandwidths that Bell acquired as part of its purchase of Jackson, Miss.-based SkyTel Corp., a wireless data and messaging company, in January […]
Indiana University trustees are expected during meetings today and tomorrow to declare several properties near downtown Bloomington as surplus, and set about finding developers to take them over. The properties, which include buildings for food storage and printing services, could open the way for the city’s certified technology park to blossom with more life science […]
Wayne Taylor Racing, which competes in the Grand American Road Racing Association, will expand into a new location at 7950 Georgetown Road and add 20 workers to the current nine, Indy Partnership said today. The move from Park Fletcher involves expanding manufacturing and engine development, and the new workers will be paid an average of […]
Purdue University Provost Sally Mason will be chosen president of the University of Iowa during a regents meeting tomorrow, according to The Des Moines Register, quoting an anonymous source. Mason was passed over for Purdue president in May in favor of University of California Riverside Chancellor France Cordova. IUPUI Chancellor Charles Bantz also was among four finalists.
The Speedway Redevelopment Commission has unveiled its vision for the redevelopment of 400 acres bordered by Main Street, Olin Avenue, and 10th and 16th streets. They’re calling it The Speed Zone and want…
A decade of strong profits for steelmakers is looming, experts said during the Steel Success Strategies conference underway in New York City this week. Demand is higher than expected, steelmakers are quicker to cut production when prices decline, supplies tighten during times of strong demand, and China is less of a threat, according to the […]
If you’ve driven north on Delaware Street toward 16th, you’ve seen this billboard. But did you notice the Herron-Morton home behind it? The house is for sale, and it’s one of the most interesting listing I’ve seen in a while….
Weeks after Indianapolis sued AT&T Indiana for costly delays in relocating phones wire for a road project, Hendricks County officials say the phone company has put them behind schedule and thousands of dollars over budget. The delays raise questions whether AT&T’s ambitious rollout of its “Project Lightspeed” offering of telephone line-based video service to compete […]
Indianapolis Mayor Bart Peterson said today that Airport Expressway has been renamed the Sam Jones Expressway after the long-time Urban League president. Jones died four years ago at age 75. The road was renamed to avoid confusion because it will not lead to Indianapolis International Airport after the midfield terminal project is finished in 2008.
Sharp Ford President Mike Shore said he accepted a buyout offer from the automaker and will close the dealership today because no one was available to take over when he retired. Shore, 61, took over from his father, Bill Shore, when he died in 1978. Bill Shore started at the dealership as a controller and […]
A coal gasification plant Duke Energy Corp. and Vectren Corp. want to build near Edwardsport in southwestern Indiana would push electric rates up 13 percent to 16 percent, a Duke official told the Indiana Utility Regulatory Commission yesterday. The $2 billion project, which would make synthetic gas from Indiana coal, would replace a Duke plant […]
Houston-based Mattress Firm said today it has bought three Sweet Dreams Mattress Center locations in the Indianapolis area, bringing the total number of local stores to 12. The three stores will be rebranded as Mattress Firm and sell Mattress Firm products.
The Indiana Court of Appeals is scheduled to hear arguments this afternoon in a case that asks whether a county can establish a special economic development area that includes land a municipality has started to annex, according to the Indiana Lawyer. The trial court ruled against Brenwick Associates LLC in a suit the developer brought […]
Only three other states lost more jobs than the 2,100 Indiana surrendered in May when compared to April, the U.S. Bureau of Labor Statistics said today. Michigan lost the most, 18,400, followed by Florida and Wisconsin. The downturn left Indiana with 2,974,400 seasonally adjusted positions.
This has to be the coolest use of warehouse space yet. A Fishers company called BounceZone has leased 12,000 square feet northwest of 146th Street and Cumberland Road in Noblesville with plans…
American Commercial Lines Inc. shares fell nearly 10 percent yesterday to close at $24.50 after the Jeffersonville barge builder over the weekend and yesterday explained concerns it reported last week. Grain shipments fell because the company didn’t compete for some low-priced shipments, and overtime pay shot up as 400 new workers are trained to boost […]
Indianapolis-based manufacturing supply chain software maker Powerway Inc. said today that it has bought Cohesia Corp., a Cincinnati firm that makes software for Web-based manufacturing quality control, primarily for the aerospace industry. Terms were not disclosed. Powerway’s primary business is providing software for automakers, particularly the North American Big Three. Powerway plans to retain Cohesia’s […]
German transmission maker Getrag Corporate Group and Chrysler Group said today the transmission plant they are building in a joint venture near Tipton will employ 1,400 when it comes online in 2009. That’s 200 more positions than had been discussed for months by local officials. Some of the positions will be filled by idled Chrysler […]
Is Indy losing its status as a chain-restaurant darling? Another popular restaurant has closed, this time the Bonefish Grill in Avon. Other area Bonefish Grill restaurants remain open. The concept is owned by…
