Future uncertain for occupant of Marion factory
The TriEnda facility opened in late 2008 in part of Marion's closed 1 million-square-foot Thomson television picture tube plant.
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Observers: Inexperience with mainline carriers hurting Republic
Two years after regional carrier Republic Airways Holdings made a gutsy move into the branded airline business by buying Frontier Airlines and Midwest Airlines, its stock price is down nearly 60 percent.
City’s Rebuild Indy money to revamp railroad overpasses
The city of Indianapolis released bids soliciting contractors to repaint, clean and add lighting underneath the overpasses at Meridian, Pennsylvania and Illinois streets and College and Capitol avenues downtown, and on 10th Street east of the Monon Trail.
Republic orders 80 Airbus jets for Frontier
Republic’s agreement to add the Airbus planes, which have a value of about $7 billion at list prices, comes as it pursues a $120 million restructuring plan for Frontier after buying the Denver-based airline out of bankruptcy in 2009.
Indiana’s oldest ethanol plant cutting 30 jobs
An ethanol plant in South Bend is laying off about 25 percent of its employees this summer and the company that owns the plants is up for sale.
Hoosier manure to power dairy farms’ delivery trucks
Fair Oaks Farms in northwestern Indiana plans by next year to have 42 new delivery trucks running on compressed natural gas created by harnessing microorganisms to turn cows’ manure into biogas.
Pilots OK cuts, allowing Republic to pursue restructuring plan
Frontier Airlines pilots overwhelmingly approved concessions that will allow parent Republic Airways Holdings Inc. to pursue a $120 million restructuring at the unprofitable unit. Indianapolis-based Republic bought Frontier out of bankruptcy in 2009.
Indy taco-truck business rolling into other cities
West Coast Tacos, which led a mobile culinary trend in Indianapolis last summer, plans to expand into Carmel and Fishers, as well as Bloomington and West Lafayette, in the next few months.
Towing companies sue city over contracts
The plaintiffs claim the city violated the bid process by awarding contracts to companies that didn’t meet the requirements. They’re asking for an injunction to prevent the contracts from taking effect.
Merger of cell phone titans takes glow off Brightpoint
Some analysts say investors overreacted to the risk Brightpoint would lose T-Mobile as a customer. Merriman Capital's Scott Searle estimates the earnings impact from losing that client would be “dramatically less than investors originally feared” and “is more than adequately reflected in the stock price.”
Republic pins Frontier Airlines’ fate to pilot vote on savings
Republic Airways Holdings Inc. is counting on pilots approving concessions to kick-start a $120 million restructuring plan at its Frontier Airlines unit, 20 months after buying the carrier out of bankruptcy.
Indiana public companies had banner year
Corporations staged advances across a variety of industries in 2010 as the economy improved.
CIRTA launches campaign to support mass transit
The goal is to show state lawmakers the support that exists for local funding options that might improve mass transit. Organizers plan to deliver the signatures when the next legislative session convenes in January.
Federal judge dismisses Brightpoint fraud suit
A London-based hedge fund sued Brightpoint over a $10 million loan it alleged the Indianapolis-based mobile phone distributor fraudulently brokered in anticipation of an acquisition that never materialized.
Republic may cut Frontier stake as pilots offer concessions
Republic Airways Holdings Inc. agreed to seek new investors for Frontier Airlines, shrinking its stake to become a minority owner, in exchange for concessions from pilots at the unprofitable carrier.
Medco deal loses its luster
New Jersey-based Medco has hired just 430 workers in Whitestown—far short of its commitment of 1,400 by 2012—and its business trends suggest the company is shrinking, not growing.
State manufacturing, logistics sectors score high marks
The grades were part of an annual report released Friday morning by Conexus Indiana, an industry group that is part of Central Indiana Corporate Partnership. A 4.6-percent increase in employment the past year helped the state’s manufacturing sector repeat its “A” grade.
DWYER: Hiring costs can be sliced when industry cooperates
Manufacturers and distributors often avoid existing training programs.
High fuel prices dog Republic Airways
Indianapolis-based Republic Airways Holdings Inc. has struggled in the transition from a contract-only airline to one that offers scheduled flights.
Medco may seek acquisition with biggest contract imperiled
Medco Health Solutions Inc., which operates a $140 million automated pharmacy and distribution center in Whitestown, has lost $3.5 billion in contracts since March.