Allison Transmission lands $162M government contract, cuts 272 jobs
The company, which shut down some of its production lines beginning March 30, said the uncertainty caused by the COVID-19 pandemic is forcing it to cut 272 jobs.
The company, which shut down some of its production lines beginning March 30, said the uncertainty caused by the COVID-19 pandemic is forcing it to cut 272 jobs.
Businesses and not-for-profits in Indiana and across the country have begun suing their insurers in coronavirus-related claims disputes—and attorneys predict a flood of additional cases will follow.
More than 70 companies have signed up to sell so-called antibody tests in recent weeks, according to U.S. regulators. The rapid tests typically use a finger-prick of blood on a test strip.
The California-based company has 38 stores in 10 states. Its planned Indianapolis location, at a former Toys “R” Us store near Castleton Square Mall, will be its first in the state.
The number of Hoosiers filing for unemployment benefits has skyrocketed over the past two weeks.
Allison said it’s suspending some of its local production lines because the coronavirus outbreak has disrupted supply chains and weakened customer demand.
How Indiana stocks have performed so far in 2020: Dec. 31 close March 20 close % change Vera Bradley Inc VRA 11.8 3.75 -68.22% Simon Property Gp SPG 148.96 48.14 -67.68% Calumet Specialty CLMT 3.65 1.18 -67.67% Biglari Holding B BH 114.42 42.11 -63.20% Patrick Inds PATK 52.43 19.36 -63.07% Horizon Bcp IN HBNC 19 […]
The city of Indianapolis could spend nearly $93.5 million over several years on Castleton’s infrastructure, as part of a broad vision to remake the corridor with better connectivity and walkability.
Michael and Stacey Spencer launched The Urban Artisan last November in the Veterans of Foreign Wars commercial kitchen. Now they’re expanding the business with an eye-catching conveyance.
Indiana’s Medicaid director said the state will recover the payments and return the federal share of more than $800,000. The feds say the problem occurred because Indiana did not enter dead beneficiaries’ information in a federal data bank.
Indianapolis-based Allison Transmission Holdings Inc. on Wednesday reported lower fourth quarter revenue and earnings than a year ago, but the results beat Wall Street predictions.
After more than 40 years as the nursery’s founder and owner, Jeff Gatewood decided last fall to retire and put his five-acre business at 11405 Allisonville Road up for sale.
The sale of the 6.6-acre property included the 57,000-square-foot store on Keystone Avenue. Traders Point Christian Church plans to create an 800-seat auditorium and spaces for children and teens.
Steve White, owner of White’s Ace Hardware, purchased the longtime Fishers business in December and is making big changes to the store.
Indianapolis’ economic development agency negotiated 67 relocation or expansion projects in 2019, the city announced Tuesday.
Progress on the 126-room Wilshaw, at the southeast corner of Main and 16th streets, has been stalled since early July while Indianapolis-based developer Loftus Robinson awaits the release of its first loan installment to finance the project.
The state’s lead economic development agency announced Monday that it secured nearly 300 development deals in 2019 that are expected to result in more than 27,000 new jobs.
With the donation, the school is just $400,000 short of its goal to raise $7 million to build a new elementary school.
Deaths in nursing homes also have declined, according to Wednesday’s report in the New England Journal of Medicine.
The co-working/self-storage complex will be the fourth for the company that started in Castleton almost 10 years ago.