TJX closing South Bend facility, cutting 725 jobs
More than 700 workers will lose their jobs when an A.J. Wright distribution center in South Bend closes next year as part of as a national consolidation by parent TJX Cos.
IBJ Staff
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Area home sales continue downward spiral
Home-sale agreements in the nine-county central Indiana region dropped 17.5 percent in November compared to the same month a year ago, the seventh straight month that year-over-year home sales have slumped.
Brightpoint making $80M acquisition
Indianapolis-based Brightpoint Inc. said Monday it has agreed to acquire Touchstone Wireless Repair and Logistics LP in an $80 million deal expected to close by the end of the year.
Insurer Baldwin & Lyons names new CEO
Indianapolis-based Baldwin & Lyons Inc. has named Joseph J. DeVito its new CEO, replacing Gary W. Miller, who has led the insurer for 13 years.
CB Richard Ellis names new managing director
The local office of the commercial real estate brokerage has named firm veteran John Merrill as its new managing director. He replaces David Reed, who left in late August.
Feds charge Marsh with unfair labor practices
The National Labor Relations Board filed a formal complaint after investigating charges that Marsh Supermarkets threatened and intimidated employees to discourage them from forming a union. The grocery chain also allegedly fired an employee for supporting the union.
FinishMaster to be acquired in $172M deal
Indianapolis-based FinishMaster Inc. announced late Thursday it will be acquired by a unit of Uni-Select Inc. of Canada for $172 million.
Airport Authority to auction castoffs
Forget a ribbon-wrapped Lexus for the holidays when you can land a deal on an aircraft tow tractor or an aerial boom lift.
Indiana University football on a financial winning streak
Program is contributing more to the school’s athletics department in spite of poor record on the field.
$7.5M Fletcher Arts project gets back on track
Developer and architect Craig Von Deylen is finalizing plans for a mixed-use project just west of the intersection of Virginia Avenue and East McCarty Street.
EDITORIAL: Airport victory just a warm-up
Not all success stories are flashy. Witness the quiet resurrection of the former United Airlines maintenance facility at Indianapolis International Airport.
State adds record number of life sciences jobs
Twenty companies committed this year to add more than 4,000 jobs.
Zionsville galleries team up, commit to expand hours
The joint marketing effort is, in part, an effort to counter Carmel’s Art & Design District.
2010 Holiday Wish List
The following is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
PROXY CORNER: Interactive Intelligence Inc.
Interactive Intelligence Inc. develops communications and interactions-management software. For the nine months ended Sept. 30, 2010, the company reported net income of $7.8 million, or 42 cents a share, on revenue of $115.7 million.
Military contracts add up for Raytheon
Raytheon Technical Services Co. in Indianapolis won a $31.1 million contract to provide cryptographic services for the U.S. Air Force, Army and Navy, the Department of Defense announced Wednesday.
Carmel-based wind-gear maker plans Marion plant
Vela Gear Systems LLC, a Carmel-based startup manufacturer of large-scale gears for wind-turbine assemblies, said it will make a multimillion dollar investment to construct a 250,0000-square-foot plant in Marion, creating up to 163 jobs by 2013.
IURC clears ex-judge in Duke Energy ethics scandal
The Indiana Utility Regulatory Commission’s internal probe found no irregularities regarding former administrative law judge Scott Storms’ handling of Duke Energy cases, but it did reopen a case Storms handled in July involving storm damages.