Columbia City plant to close, nixing 135 workers
Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according
to a union official.
IBJ Staff and Associated Press
Articles
Governors ask Congress to go easy on Toyota
Indiana Gov. Mitch Daniels and three other governors of states with Toyota plants are calling on Congress to be fair to the
automaker in hearings concerning safety recalls.
PNC to pay back bailout money, sell division
PNC, which operates dozens of bank branches in the Indianapolis area under the National City name, is selling its global investment servicing business to Bank of New York Mellon Corp. for $2.3 billion.
Senate OKs bill to eliminate township boards
The Republican-controlled Senate voted 29-19 Thursday for a bill that would eliminate township boards and transfer their duties
to the county level starting in 2013. It now moves to the Democrat-led House for consideration.
Indiana Senate panel approves school-start-date bill
The committee endorsed legislation that would prevent the state’s public schools from starting classes before Labor Day.
Toyota suspending production at two Indiana plants
Toyota is halting production at six North American car-assembly plants—including Indiana facilities in Princeton and
Lafayette—beginning the week of Feb. 1 to fix gas pedals that could stick and cause acceleration without warning.
Pitney Bowes moving 30 jobs to Indianapolis area
Company plans to close operations in Miamisburg, costing the southwest Ohio city 75 jobs.
Kerasotes planning to sell theaters to AMC
Kerasotes, the nation’s sixth-largest movie house chain, has four theaters in the Indianapolis area; AMC, the No. 2 player, has two.
Indiana House panel backs statewide smoking ban
An Indiana House committee approves legislation that would ban smoking in most public places statewide.
Duke Energy to trim Midwest work force, expenses
Duke Energy is offering buyouts to employees as it moves some corporate functions performed in two Midwest offices,
including its central Indiana office in Plainfield.
Recession takes toll on university president pay
A survey released Monday by the Chronicle of Higher Education showed compensation packages of
chief executives at public universities leveling off in 2008-2009, rising a relatively modest 2.3 percent. How did Indiana
college presidents fare?
HHGregg shares fall after analyst downgrade
Customers are buying fewer high-priced big-screen TVs from electronics chain HHGregg Inc., an analyst said Tuesday as he lowered
his investment rating on the company’s stock.
Cummins gets $54M to improve fuel efficiency
Columbus engine
maker Cummins Inc. will receive nearly $54M in federal funding as part of a program designed to significantly
increase fuel efficiency in heavy trucks and passenger vehicles, U.S. Energy Secretary Steven Chu announced Monday.
WellPoint stock surging on positive analyst forecasts
The long-term outlook for health care reform is uncertain, but many analysts are expecting big health insurers like Indianapolis-based
WellPoint to benefit in 2010.
Ex-investor sentenced in Indiana mortgage fraud
Robert A. Penn, 44, of Naples, Fla., received seven years in prison and was ordered to pay more than $11 million in restitution.
UPDATE: Electric car maker picks Indiana factory site
The subsidiary of Norwegian-based Think Global projects its new factory in Elkhart could have 415 full-time jobs by 2013.
Bill would scrap township government
A bill by Democratic Rep. Ed DeLaney of Indianapolis would transfer all township functions to county government.
Hancock County to consider battery plant proposal
Hancock County officials will consider a request by lithium battery maker EnerDel to set up operations in a business park
near Indianapolis.
Elkhart County OKs tax break for electric car maker
Hard-hit Elkhart County could become home three electric vehicle manufacturers if a Norwegian company chooses northern Indiana
as the site for a new factory.
Electric car maker weighing Elkhart factory
An electric vehicle manufacturer says it is considering starting operations in northern Indiana’s Elkhart County.