Lockhart Automotive moves Cadillac dealership to Fishers
The car retailer, rebounding from the discontinuation of some of its brands, is repurposing its former Hummer dealership.
IBJ Staff
Articles
Ener1 reorganizing; Bright Automotive folds
Both firms appeared a few years ago to be poised to hire thousands of workers. But they slid into a tailspin as anticipated funding failed to materialize and the market prospects for hybrid and electric engines dimmed.
Study finds finance managers at not-for-profits lack financial knowledge
Only 36 percent correctly answered all three assessment questions on a test.
PROXY CORNER: Lakeland Financial Corp.
Warsaw-based Lakeland Financial Corp. is the parent of Lake City Bank, which has $2.9 billion in assets and 45 branches. Though most of those offices are in the northern part of the state. Lakeland recently entered the Indianapolis market and has opened a regional headquarters at 96th and Meridian streets.
EDITORIAL: Senate smoking ban bad for business
The statewide smoking ban approved by the Indiana Senate Feb. 29 was riddled with exemptions, seeming to prove what many people have already concluded: The majority of our lawmakers aren’t concerned with public health; they care far more about the right of business owners to operate without government intrusion.
Republic Air sees revenue climb, earnings fall
The Indianapolis-based company’s quarterly revenue increased 7.4 percent, to $697.8 million, primarily due to an 11-percent increase in revenue from the Frontier unit.
Two firms accused of bilking investors out of $1.5M
State officials have filed civil suits against Plan America LLC in Indianapolis and Rykoworks Capital Group LLC in Brownsburg, accusing them of fraud and embezzlement.
Local packaging company plans to add 101 jobs in Brookville
MBC Group plans to add the jobs by 2014 at its plant in southeastern Indiana as part of a $4.1 million investment to add four production lines.
Hybrid-vehicle hopeful Bright Automotive folding
Bright Automotive Inc., an Anderson company that once hoped to become a major hybrid-vehicle player with hundreds of employees in central Indiana, has called it quits after failing to land a $450 million government loan.
West-side apartment complex to house veterans
Lincoln Apartments is set to be built on the city’s west side, near the Richard L. Roudebush VA Medical Center. The project will be financed with $11 million in rental housing tax credits.
Citizens Energy projects greater, faster savings from deal
Citizens Energy Group says savings from combining the city’s water and sewer utilities will be 13 percent higher than expected and come two years sooner than previously predicted.
Covington manufacturer plans to add 68 jobs
Urbana, Ill.-based Flex-N-Gate Corp. plans to add positions by the end of the year as part of a $5.1 million expansion at its plant 75 miles west of Indianapolis.
Downtown Comfort Suites seeks bankruptcy protection
The hotel, owned by an affiliate of Dora Brothers Hospitality Corp., says its largest creditor is New York-based German American Capital Corp., which is owed $12 million.
Elmore’s sudden departure has iHoops seeking new CEO
The joint venture of the NBA and NCAA that promotes youth basketball has launched a nationwide search for a new leader.
Cummins thinks global with executive appointments
The company said its new internal structure is to ensure that Cummins maintains high ethical standards as it grows throughout the world.
Ball State begins final phase of ambitious geothermal project
Eventually, the system will heat and cool 5.5 million square feet of buildings and save $2 million a year in operating costs.
Historical society reports more visitors at Indiana Experience
Attendance at the living-history attraction that opened in 2010 grew 71 percent last year.