Rolls-Royce scores more military business
Rolls-Royce Corp. landed more than $100 million in new business this week, winning two contracts to provide support for aircraft engines it makes in Indianapolis for the U.S. Army and Navy.
IBJ Staff
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2010 Holiday Wish List
The following is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
NFP of NOTE: Little Red Door Cancer Agency
Little Red Door is committed to serving people with cancer in the greater Indianapolis area and surrounding counties who lack financial means or adequate insurance.
EDITORIAL: Have faith in fantasy despite real-life woes
Some days, it’s hard to believe in Santa Claus. It’s altogether too easy to be “affected by the skepticism of a skeptical age,” as the New York Sun’s Francis Pharcellus Church wrote in his famous response to an 8-year-old girl’s inquiry about the existence of the Jolly Old Elf.
Commuter bus might be saved
Routes to Carmel and Fishers that were to be discontinued at the end of the year are on the verge of being rescued.
Pacers still fighting to draw bigger crowds
Attendance has improved since the team’s league-worst mark in 2007-2008, but cracking the 15,000-per-game mark is a struggle.
Retailers scout new Indy-area locations
Several restaurants, including three pizza chains, and an adult-oriented retail store are planning new locations around the city.
Basiles donate to new Wishard Hospital
$300,000 from the local philanthropists is the hospital’s first naming-rights gift.
Ganassi locating two new race teams in Brownsburg
Izod IndyCar Series team owner will invest $3.3 million and create up to 30 jobs. Ganassi plans to begin hiring employees immediately to prepare for the start of the 2011 season.
Houston-based company purchasing Gold Club
The deal, expected to close by the end of the year, is valued at $1.6 million, including real estate. It will be Rick’s Cabaret International Inc.’s first location in Indianapolis.
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.
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.