State lands $4 million grant to aid autoworkers
The U.S. Department of Labor awarded the Indiana Department of Workforce Development a $4 million grant on Wednesday to help
autoworkers transition into alternate careers.
IBJ Staff
Articles
Lilly stock droops after rival claims faster-acting impotence pill
California-based Vivus claims its drug acts in 30 minutes, compared with about 2 hours for Lilly’s Cialis.
Greenwood closer to annexing portions of township
A proposal to incorporate portions of White River Township into the city of Greenwood passed a major hurdle on Tuesday.
Electric car maker plans Indiana manufacturing plant
Norwegian electric car maker Think Global will locate its U.S. manufacturing facility in Indiana, Reuters reported Tuesday,
citing information from a major investor in the company.
Simon exploring bid to purchase rival General Growth
General Growth is the second-largest U.S. mall owner, trailing only Indianapolis-based Simon Property Group, with more than
200 regional malls in 44 states.
Civic Theatre confirms plans to relocate to Carmel
Indianapolis Civic Theatre will move from the campus of Marian University to the Regional Performing Arts Center under construction
in Carmel. The theater and Carmel Redevelopment Commission released a joint statement Tuesday announcing a long-term deal
that calls for the Civic to pay $10 million to be the center’s primary occupant.
Lawrence Township exploring fire department merger
A Lawrence Township trustee is proposing to merge the township’s fire department with the Indianapolis Fire Department,
in an attempt to further reduce its operating deficit.
Cutbacks help Remy improve quarterly profit
Auto parts maker Remy International Inc. said Monday that profit rose to $16.5 million in the third quarter, up from $4.3 million in the same quarter a year ago, as the company cut staff and pay to compensate for lagging sales.
AuthorHouse parent hooks up with publisher Harlequin
Bloomington-based Author Solutions Inc. announced Tuesday that it has entered into a self-publishing partnership with Toronto-based
Harlequin Enterprises Limited, a prolific publisher of romance novels.
Quick Hits
St. Louis is a bigger convention and tourism city than Indianapolis by almost any measure. It also devotes more money and manpower to the industry. However, Indianapolis logged more hotel bookings. Click here to see the full comparison.
NatCity name to remain at local branches until early 2010
Pittsburgh-based PNC Financial Services Group Inc. has converted 240 former National City Bank branches to their new identity,
but the 77 Indianapolis-area locations will keep the old brand for a bit longer.
Mayor’s European mission focusing on motorsports industry
A delegation of business and community leaders led by Indianapolis Mayor Greg Ballard departed for Europe Nov. 14 on a nine-day
economic
development mission to help grow the city’s motorsports industry.
CTI reports quarterly loss on lower revenue
Indianapolis-based CTI Group Holdings Inc. lost $337,549 in the third quarter on significantly declining revenue.
Carmel electric marketer planning expansion
Carmel’s ACES Power Marketing LLC plans to invest $6.6 million to expand its West 99th Street headquarters—a move
that could allow it to add 40 jobs, the Indiana Economic Development Corp. said early Monday.
Rolls-Royce scores $11M military helicopter contract
The good news continues for Rolls-Royce Corp.’s Indianapolis operations, which this week received an $11.1 million contract
to make gas turbine engines for the Army’s OH-58D Kiowa reconnaissance helicopters.
St. Vincent, OrthoIndy form partnership
St. Vincent Health has acquired a minority interest in Indiana Orthopaedic Hospital and is in discussions with OrthoIndy physicians
and other independent doctors to create a management company that would oversee orthopaedic and spine services at St. Vincent
Indianapolis. The health care providers announced the deal early Friday.
Amazon.com offers holiday piece work
Speedy gift wrappers who are willing to put in a few hours at Amazon.com’s Whitestown fulfillment center can earn
a few bucks for Indiana charities.
Charities, what do you need most?
Indianapolis Business Journal’s annual Holiday Wish List will debut in the Nov. 30 issue and appear weekly through Dec. 21. The list publicizes goods and services needed by not-for-profit organizations in the Indianapolis area, in the hope that a business or individual donor will come forward. Requests should be limited to five items or services […]