Fishers named a top suburb for retirees
Forbes magazine said Fishers had the lowest crime rate on the list, average home prices just above $200,000 and a cost of living 10 percent below the national average.
Regional News
Articles
Former IU president John W. Ryan dies at 81
Former Indiana University President John W. Ryan, who oversaw the creation of two regional IU campuses during his 16-year tenure and had a hand in the university's development spanning 50 years, died early Saturday at age 81, school officials said.
Lucas Oil Raceway aims to survive NASCAR exit
Despite losing two of its five biggest events—the NASCAR Nationwide and truck races—last month, Lucas Oil Raceway is already making plans to replace those events next summer and track officials are confident it will be profitable in 2012.
Utility locator U.S. Infrastructure Corp. buys Nebraska company
Company that recently moved from Carmel to Indianapolis extends its market to 29 states.
Ingersoll-Rand to halt production of SecureKey
Elimination of product is part of settlement with rival manufacturer.
Palladium sells well, ups ante for its competitors
About 40 percent of the tickets sold during the Palladium’s first half-season went to subscribers, prompting managers to expand the series offerings for the full season that begins later this month.
Libman resigns from Carmel arts center
Steven Libman, CEO of the Center for the Performing Arts in Carmel, resigned late Friday afternoon—less than three months after his contract was extended through 2016.
Chinese firm aims to hire thousands at Indiana facility
A Chinese entrepreneur intends to open his first U.S. tire-recycling facility in Indiana. Good Time Technology Development is considering vacant industrial sites in Connersville, Kokomo and Muncie.
Purdue University president to get 3.5-percent raise
Purdue University said Thursday the increase will boost President France Cordova’s salary by $15,750, bringing her annual base pay to $465,750.
Mine operator to expand Gibson County operation
The new operation should be running in 2014 and will produce up to 3.3 million tons of coal a year. The mine is expected to employ 310 miners when it opens.
Cummins profit soars on increased sales
Cummins Inc.'s second-quarter profit more than doubled on a steep increase in sales and a gain on the sale of its exhaust business, the Columbus, Ind.-based engine maker said Tuesday.
Upland Brewing plans Bloomington expansion
Upland Brewing Co. expects to spend $3 million to buy, renovate and equip a former RCA Thomson warehouse, more than doubling its brewing capacity.
Manufacturer plans 400 jobs in Allen County
Iowa-based R3 Composites Corp. plans to establish a manufacturing center in the northeast Indiana town of Grabill, creating as many as 400 jobs by 2014.
Indiana says construction on key I-69 section moving ahead
State highway officials say they hope to begin building a key section of Interstate 69 to Bloomington by the end of 2011 after releasing the final environmental impact statement for the stretch.
Tech consultant Allegient plans expansion, 42 jobs
Carmel-based IT consultant Allegient LLC plans to grow its central Indiana operations, adding as many as 42 jobs over the next five years.
Homegrown firm creates stir with Bloody Mary mix
Hoosier Momma Bloody Mary mix started 18 months ago and already is a profitable entity available in 350 locations and six states. This month, Hoosier Momma expanded into Kentucky, thanks to a deal with national distribution giant Southern Wine and Spirits.
A few restaurants close as other eateries, retailers plan growth
Among the casualties is the downtown restaurant Hue and Carmel’s The Glass Chimney. El Rodeo, Eggshell Bistro and Hotcakes Emporium are among those opening locations in the area.
UPDATE: Medco acquisition could lead to local consolidation
It’s not yet clear how Express Scripts Inc.’s $29.1 billion acquisition of rival Medco Health Solutions will affect the companies’ central Indiana operations—or their 800-plus employees at two facilities here.
ITT Educational continues enrollment, profit slide
In the second quarter, the Carmel-based operator of for-profit colleges saw enrollment drop 19.9 percent and profit sink 17.7 percent. But the company posted strong earnings per share by continuing to buy back shares.
Express Scripts to buy Medco for $29.1B in cash, stock
Express Scripts Inc. agreed to buy Medco Health Solutions Inc. for $29.1 billion to become the largest pharmacy-benefits manager in the United States. Both have central Indiana operations.