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Subaru plans to move assembly of its redesigned 2008 Impreza compact car from Japan to its plant in Lafayette, according to Edmunds.com. The respected automotive Web publisher did not cite its source. Calls placed by IBJ to the plant and to Subaru of North America headquarters in New Jersey were not returned. The new Impreza […]
Eli Lilly and Co. plans to market a version of its depression drug Prozac to dog owners to treat their pets separation anxiety, according to Bloomberg. The U.S. Food and Drug Administration said the drug, called Reconcile, should be used along with a behavior modification plan. There are about 61.5 million pet dogs in the […]
Bruce Quinn, who sold his eclectic Brownsburg radio station WKLU-FM 101.9 in October 2004, has received permission from the Federal Communications Commission to move his Columbus radio station to a new frequency and extend its signal to Indianapolis. Quinn’s wife, Mitzi, started WHUM-FM 98.5. It broadcasts alternative, country, bluegrass, rock and classical music. Timing for […]
North Carolina has beaten Indiana in the hunt to land Honda Motor Co.’s new light jet business. Officials of the Japanese company said today its Honda Aircraft Co. Inc. subsidiary will establish its $60 million headquarters and affiliated manufacturing plant in Greensboro, N.C. Honda plans to hire at least 300 workers deliver its first batch […]
Indianapolis attorney Max Siegel has been president of NASCAR race team Dale Earnhardt Inc. only nine days, but already finds himself negotiating with the man who wants to be his boss. Dale Earnhardt Jr. told reporters Wednesday he wants to own at least 51 percent of the Charlotte, N.C., race team. As president, […]
Fort Wayne Mayor Graham Richard earlier this week proposed starting an economic development authority that would allow cities and counties in northeast Indiana to pool part of their economic development taxes, according to The Journal Gazette. The authority would build roads, recreational trails and other infrastructure needed to attract jobs, said Richard, a Democrat.
BorgWarner Inc. confirmed this morning that it will eliminate 780 jobs when it closes its Muncie plant in April 2009. The Auburn Hills, Mich., company announced early today that it would shutter the plant to streamline costs, but didn’t divulge details. Chief executive Tim Manganello, who managed the plant eight years, said the reductions will […]
Bioanalytical Systems Inc., based in the Purdue Research Park in West Lafayette, reported fiscal first-quarter profit of $556,000, reversing a loss of $716,000 a year earlier. Revenue for the period ended Dec. 31 increased 11 percent, to $10.9 million. The company, which laid off 12 percent of its work force last year, said increased revenue […]
Flagship Enterprise Center in Anderson plans to build a Flagship Accelerator on eight acres within the existing Flagship Business Park. The $2.6 million project will span 70,000 square feet and is slated to be completed in June. The new center will house early stage companies and others that graduate from the Flagship small-business incubator.
Maax Inc. is closing its plastic and fiberglass bathtub and shower fixture plant at Pidco Drive in Plymouth, according to The Pilot News. Fifty workers in the town south of South Bend will be displaced, although a few might be shifted to a nearby facility, the Plymouth newspaper said. Maax is based in Ste-Marie, Quebec, […]
BorgWarner Inc. said this morning it will close its 780-employee Muncie powertrain components plant to cut costs. In December, the union voted unanimously against reopening its contract two years early, after the Auburn Hills, Mich.-based company threatened to close the plant if workers didn’t accept cuts in benefits. It’s not clear if some of the […]
The 780 employees at BorgWarner Inc.’s auto parts plant in Muncie might learn today whether the plant will close. Executives of the Auburn Hills, Mich., company plan to discuss the plant’s future today, according to The Star Press of Muncie. “It’s awful quiet,” United Auto Workers Local 287 President Jerry French told the newspaper. “It’s […]
Three Shelby County development organizations have formed a coalition to support the toll road Gov. Mitch Daniels wants to build around the east and south sides of Indianapolis, according to the Shelbyville News. Shelby County and Morristown chambers of commerce and Shelby County Development Corp. say their coalition is in the spirit of an earlier […]
Old National Bank has given Indianapolis entrepreneur Tim Durham an additional 12 months to repay loans that went into default Nov. 1. If Durham repays the loans by Nov. 1 this year, Old National will drop a lawsuit it filed in December seeking $2.6 million, the Evansville-based bank said today. Earlier today, Durham issued a […]
Four miles of farm fields separate Frankfort from Interstate 65, but the city between Indianapolis and Lafayette is preparing plans to one day sweep in property where the interstate crosses State Road 28. City council members in Frankfort, home to a Frito-Lay plant that is the world’s largest salty snack food operation, might vote as […]
The city of Indianapolis has issued a request for proposals to operate and maintain the wastewater treatment system. A 10-year contract with United Water Services expires Jan. 1, 2008. United, based in Harrington Park, N.J., is owned by Paris-based Suez. Four companies responded to a request for expression of interest issued in June. In addition […]
American Commercial Lines Inc., which manufactures barges near its Ohio River headquarters of Jeffersonville, said today it plans to hire 400 workers this year due to booming business. The company also said it will raise hourly rates about 11 percent if the General Drivers, Warehousemen & Helpers union agrees to its latest contract proposal. The […]
Citizens Gas & Coke Utility has made early retirement offers to 41 of the 350 workers at its Indianapolis Coke plant at 2950 Prospect Street. Various levels of buyouts have been extended to employees at least 50 years old; they have 45 days to accept. An unnamed company is interested in buying the plant, said […]
Northwest Indiana’s economy is performing well because its dominant steel industry is lean and efficient, and its riverboat casinos continue to attract revenue, according to Jack Ablin, executive vice president and chief investment officer of Chicago-based Harris Bank. Speaking at a luncheon this week, Ablin said steel will continue to prosper in global markets unless […]
Roche Diagnostics operating income plummeted 21 percent last year, to $1.1 billion, as expiring patents crimped royalties and costs to launch new products increased, its Swiss parent, Roche Holding AG, reported today. The Indianapolis-based division, which is a leader in blood-sugar test kits, limited the parent company’s overall increase in profit to 33 percent, or […]
