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The Indianapolis Airport Authority is ending its contract with airport manager BAA Limited in December—one year earlier than the agreement was set to expire, the authority announced today. The British company had notified the authority that, based on current corporate strategy, it would not pursue a new or extended contract at the end of the […]
Warsaw-based prosthetics maker Zimmer Holdings Inc. this afternoon is scheduled to announce an expansion that will result in adding 100 to 200 jobs in the company’s production and distribution areas, according to Joy McCarthy-Sessing, president of Kosciusko Development Inc. Approximately 2,300 of Zimmer’s global work force of 4,700 is in the northern Indiana city. Governor Mitch […]
Columbus-based Cummins Inc. is closing a 4-year-old facility in Waynesboro, Ga., that makes exhaust systems and other components for small engines like those in lawn and garden equipment. Cummins said three years of losses in the segment is forcing the closure of Cummins Filtration. About 250 workers will lose jobs.
An Illinois law set to go into effect Jan. 1 bans smoking in casinos and other work places, and that has Illinois Gaming Association Executive Director Tom Swoik predicting revenue at Illinois casinos will fall 20 percent. Casino’s usually suffer when states implement smoking bans, according to The Times of Munster. However, casinos in northwest […]
The document imaging and data conversion company Prescient Information Systems Inc. has bought a long-time partner, enChord LLC, for an undisclosed price. The combined company will be better able to deliver and manage network-based services as well as telephony, the transmission of digitized sound. Both operate on the northwest side.
A new Yats restaurant has opened in Fishers, at 8352 E. 96th St. The Cajun and Creole favorite is next door to a Blockbuster half a mile east of Interstate 69. The locally owned restaurant also has locations on College…
A Dutch judge has ruled that Netherlands-based ABN Amro Holding NV cannot spin off its LaSalle Bank arm without shareholder approval, according to Bloomberg and other news outlets. Today’s ruling halts the pending $21 billion purchase by Bank of America, headquartered in Charlotte, N.C. The sale was announced April 23. LaSalle is headquartered in Chicago; […]
Indiana Supreme Court Chief Justice Randall T. Shepard will speak in place of Randall Tobias at commencement ceremonies Sunday for the Indiana University School of Law–Indianapolis, according to the Indiana Lawyer. Tobias, a former CEO at Eli Lilly, resigned late last month as a deputy secretary of state in the Bush administration over an alleged […]
The 98-year-old Guaranty Building on Monument Circle has attracted several prospective buyers, said Mike McMains, who owns the property with John Barnard. The local entrepreneurs bought the 9-story, 100,000-square-foot building at 20…
An offshoot of Sun Yat-Sen University in China that promotes Chinese language and culture will be established at IUPUI, the Indianapolis campus announced this morning. Called the Confucius Institute, the program also will help Indianapolis-area companies develop networks in China. The announcement is part of the Chinese government’s attempts to open the institutes around the […]
Development near the Honda Motor Co. car assembly plant under construction near Greensburg might go forward, now that the city and Decatur County Rural Water system have reached an agreement to supply water to the area. Signatures are about all that remain to ice the agreement, according to the Greensburg Daily News. The parties didn’t […]
The Muncie area is on a roll attracting call centers with IBM’s announcement Monday that it would locate a center in Daleville and hire 500 to staff it. The decision follows Sallie Mae’s opening in October of a Muncie debt collection center, which will employ 700. Lifetouch National School Studios, a school photography company, also […]
Nash Finch Co., a Fortune 500 food distributor based in Minneapolis, has told the state it will lay off 300 workers June 4 at its distribution center in Westville, which is near Valparaiso in northwest Indiana. The cutback resulted from losing a major customer—Martin’s Supermarkets in South Bend, according to The Times of Munster.
Site Selection magazine, a trade publication that follows economic development, has cited Indy Partnership as one of the top 10 economic development organizations in the nation. Indy Partnership, which markets the Indianapolis area to businesses looking to expand, landed 136 projects, and created 9,200 jobs and $1.8 billion in capital investment last year, the magazine […]
A $70 million expansion of Columbus Regional Hospital will result in 60 new rooms and a new emergency department, the hospital said today. The project is intended to alleviate overcrowding and create private rooms, which patients are beginning to expect. BSA LifeStructures of Indianapolis and Robert A.M. Stern Architects LLP of New York wrote the […]
The popular island-themed restaurant along East 96th Street closed Friday, surprising many customers. A spokesman for Orlando-based Darden Restaurants said the company closed 9 restaurants that weren’t in the best locations or performing…
Property Lines is hearing the owners of First Indiana Plaza are considering a sale of the struggling skyscraper. The 425,000-square-foot building is owned by New York-based Crown Properties Inc. The building’s general manager, Julie Clements, said today she has no…
Shares of Interactive Intelligence Inc. are up 16.1 percent, to $17.75, this morning after reporting yesterday that first-quarter profit increased to nearly $1.7 million from $1 million a year earlier. The Indianapolis software developer, which has launched an expansion that will add ? workers to its northwest-side offices, attributed the boost to strong sales of […]
Bernardin, Lochmueller & Associates Inc., a civil engineering firm in Evansville, is adding 20 employees to the 22 already at its 6125 S. East St. branch office, Indy Partnership announced this morning. The jobs will pay about $30 an hour. Bernardin has 100 workers at its headquarters and 20 at a St. Louis branch. Chief […]
