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Patrick Industries Inc. has warned 44 workers that they might be laid off because of plans to close an Elkhart plant that makes interior doors for RVs and motor homes, according to the South Bend Tribune. Elkhart-based Patrick has 1,000 workers supplying the RV industry.
ITT boss rose fast Youthful-looking Kevin Modany has huge shoes to fill after taking over as ITT Educational Services Inc.’s chief executive for Rene Champagne, who retired. Refunds taken off hold The state’s 30 or so independent payphone operators may begin receiving refunds next month from AT&T Indiana and Verizon for excess charges the phone […]
P. Schoenfeld Asset Management LLC intends to vote in opposition to the $10.9 billion buyout offer for Warsaw prosthetics company Biomet Inc., according to The New York Times. The New York firm owns 0.5 percent of Biomet shares. Last week, Institutional Shareholder Services, a Maryland shareholder advisory service, recommended voting against the offer because it […]
Premier Properties has a deal to move D’vine A Wine Bar out of a building set to be razed as part of its massive Woodfield Crossing project. Read more in IBJ‘s Property Lines real estate blog.
A joint venture between Indianapolis-based Rightway Fasteners Inc. and Sugiura Seisakusho Co. of Japan plans to build a 170,000-square-foot manufacturing and distribution project in Columbus to triple production of automotive nuts, bolts and specialty fasteners. Headcount at the new Sunright America site will nearly double, to 101. The $19 million project received $844,000 in incentives.
Premier Properties has taken another step toward its ambitious plan for Woodfield Crossing. The company has a deal to relocate D’vine A Wine Bar from an existing retail building on the Woodfield property to another building it owns. 
Indianapolis Star managers Monday afternoon informed newsroom staffers that the paper’s business section would no longer be a stand-alone section beginning in late June. Staffers were told the section would become part of the Metro & State section. It is unclear whether the business section will have its own front page within the Metro & […]
Indianapolis-based Celadon Group Inc. has bought the truckload business as well as some tractors and trailers from cross-town trucking firm Air Road Express Inc. for an undisclosed price. Excluding fuel surcharges, the Air Road Express truckload operation logged about $26 million in revenue last year. Celadon said it made the purchase to broaden its customer […]
Southsiders may have wondered what’s going on at the northeast corner of Madison Avenue and County Line Road, across from Lowe’s and McDonald’s. Well, wonder no more. Locally based Peacock Companies is planning a new retail strip with outlots including…
P. Schoenfeld Asset Management LLC intends to vote in opposition to the $10.9 billion buyout offer for Warsaw prosthetics company Biomet Inc., according to The New York Times. The New York firm owns 0.5 percent of Biomet shares. Last week, Institutional Shareholder Services, a Maryland shareholder advisory service, recommended voting against the offer because it […]
Patrick Industries Inc. has warned 44 workers that they might be laid off because of plans to close an Elkhart plant that makes interior doors for RVs and motor homes, according to the South Bend Tribune. Elkhart-based Patrick has employs 1,000 workers who supply the RV industry.
The Fishers Town Council last night approved rezoning a portion of land at the site of the proposed RiverPlace project to allow residential units in addition to an already planned retail and business district, according to WXIN-TV Fox 59. The development will be located at 96th Street and Allisonville Road. Plans for the site include […]
The Fishers Town Council could decide the fate tonight of a controversial mixed-use project that includes residential high-rises along the White River.
What do you think they’ll do? The $500-million project by Centre…
The Indiana Centers for Applied Protein Sciences, or INCAPS, has changed its name to Monarch LifeSciences LLC to emphasize its focus on proteomics. Monarch was chosen because proteins are of central significance in a caterpillar’s transformation into a monarch butterfly. The company offers protein and biomarker contract research and services to drug and biotech companies […]
Carmel bank software developer Baker Hill plans to announce at its 1 p.m. news conference that it will create between 100 and 200 jobs, according to a source familiar with the announcement. The company has 200 employees in Carmel and a handful in other states. Indiana Economic Development Corp. President Nate Feltman will be on […]
Days could be numbered for an 85-year-old independent pharmacy at the northeast corner of Pennsylvania and 49th streets. The building that houses Hamaker Pharmacy, along with Cafe Patachou, D&Z Gifts, Meridian Heights Cleaners and Corks Grocery, is up for sale….
Subaru of America Inc. is updating the “It’s What Makes a Subaru, a Subaru” marketing campaign by keying on environmentally friendly operation of its car assembly plant in Lafayette. Among other points, the campaign says the Japanese-owned factory sent its last load of waste to a landfill three years ago, according to the Journal & […]
David Colby’s dealings with a California woman who recently sued him may have played a role in his ouster as WellPoint Inc.’s chief financial officer last Thursday. Bloomberg reported late Friday that the woman, Rita DiCarlo of Ventura County, Calif., charged in the lawsuit that Colby failed to follow through on a promise to give […]
Carmel bank software developer Baker Hill has scheduled a 1 p.m. economic development announcement with Indiana Economic Development Corp. President Nate Feltman. Local entrepreneur Mark Hill and other investors sold Baker Hill Corp. to Experian of Costa Mesa, Calif., in August 2005 for more than $75 million.
