Indiana injection molding plant plans expansion
Carrera Manufacturing Inc. will invest about $1.3 million to improve its 80,000-square-foot manufacturing facility, adding as many as 102 jobs by 2018.
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Roundup: Quills Coffee hits Indy; new Broad Ripple eateries
Louisville-based coffee roaster Quills expects to open downtown this month, while Panda(ology) returns to its roots in Broad Ripple, Patachou’s Public Greens debuts nearby, and Chef JJ’s expands downtown.
Washington Prime reports profit in first full quarter
The shopping center company, which was spun off from Simon Property Group Inc. in May, earned $38.8 million, or 21 cents per share, in the third quarter.
Sandor starts to build retail projects again
The locally based strip-center owner and developer is nearing completion of a small retail project near 106th and Michigan Road on the western edge of Carmel. It’s the company’s first retail project since the recession.
Expected low turnout makes IPS races hard to predict
On the line is whether the district will continue to move toward cooperation with charter schools and the business community, or instead slow the move toward aggressive reforms.
Developer seeks $20M bond to finish Carmel City Center
Suburban sensibilities be darned: Density is not a dirty word when it comes to Carmel City Center. But it can be an expensive one.
UPDATE: Interactive shares rise after smaller-than-expected loss
Interactive Intelligence Group Inc. lost money in the third quarter, but shares rose Monday night and Tuesday morning after results beat Wall Street estimates.
Turnout predicted to be low for Tuesday’s election
Midterm elections typically have lower voter turnouts and Tuesday isn’t likely to break the trend.
Private equity group confirms Herff Jones buyout
Charlesbank Capital Partners and Partners Group say the purchase—reportedly for $1.5 billion—ensures the educational-products company “has the capital structure, resources, and financial flexibility” to further expand.
First Friday, Ed Asner, and more on A&E priority list
Also this week: The 2014 Spirit & Place Festival gets rolling with a launch event at Old City Hall.
Will strip mall medicine help or hurt hospital systems?
Retail clinics and urgent care centers are proliferating. That could expand the market for health care. But if consumers decide instead to make strip malls the front door to their health care—rather than traditional physician offices—the hospital systems could see their market shares waning.
Indy-based Vertellus acquires chemical maker in U.K.
The addition of Pentagon Chemicals UK Ltd. could add at least $75 million in revenue to the top line of Vertellus Speciaties Inc., one of the largest private firms in Indianapolis.
Obamacare launch has goosed WellPoint stock by 50 percent
WellPoint’s stock has benefited the most among major insurers since the 2013 launch of the Obamacare exchanges, along with tax subsidies to buy insurance.
Cummins nears finish of new Indiana warehouse
The company plans to consolidate 80 employees from distribution sites in Seymour, Jonesville and Greenwood at the new $15 million warehouse and distribution center.
People
Dr. Meghana Raghavendra, an internist and medical oncologist, has joined Franciscan Physician Network’s Oncology & Hematology Specialists, a practice that provides care at Franciscan St. Francis Health’s Indianapolis, Mooresville and Carmel hospitals, as well as in offices around central Indiana. She earned her medical degree from BLDEA’s Shri B.M. Patil Medical College in India. Dr. […]
Company news
New Jersey-based Covance Inc., which employs about 1,500 workers in Indianapolis and Greenfield, has agreed to be acquired by Laboratory Corp. of America Holdings for $6.1 billion. According to Bloomberg News, North Carolina-based LabCorp wants to add contract research services for drug companies to its offering of medical diagnostic tests, the companies announced Monday. Covance […]
Pace of U.S. factory activity shows October improvement
The Institute for Supply Management, a trade group of purchasing managers, reported Monday that its manufacturing index rose to 59 last month, from 56.6 in September. Any reading above 50 signals expansion.
Research firm Covance to be acquired in $6.1 billion deal
Covance manages clinical trials for drugmakers including locally-based Eli Lilly and Co. It employs about 1,500 workers in Indianapolis and Greenfield.
Kite reports quarterly loss on acquisition costs
The real estate company’s loss of $16.4 million in the third quarter was due to costs from its $1.2 billion acquisition of Inland Diversified Real Estate Trust in July.
Number of Indiana students using vouchers jumps dramatically
Democrats released the numbers Friday, saying they are evidence that the voucher program supported by Republicans is stealing money from public schools.