Brake manufacturer closure costs 118 jobs
Carlisle Industrial Brake and Friction has notified the state that it will close a manufacturing plant in Logansport, resulting in the loss of 118 jobs.
IBJ Staff
Articles
Greensburg manufacturer sold, jobs moving to Oklahoma
The Autoquip Corp. has completed its acquisition of American Lifts in Greensburg and will be moving nearly 50 jobs to company headquarters in Guthrie, Okla.
Wishard receives $6 million gift from Fairbanks
The Wishard Foundation said it has received a $6 million grant from the Richard M. Fairbanks Foundation that will be used to help fund construction of a new Wishard Hospital, if Marion County voters approve the project.
Lilly reducing sales force by 191 as part of larger restructuring
Eli Lilly and Co. has notified the state that it plans to eliminate 191 sales jobs as part of a company-wide restructuring
announced
in September
that ultimately will result in 5,500 job cuts by the end of 2011.
First Merchants posts quarterly loss on bad loans
Muncie-based First Merchants Corp. said Monday afternoon that loan charge-offs contributed to a loss of $6.4 million in the third quarter.
Allison Melangton
Allison Melangton brings more than 25 years of sports and events management experience to her role overseeing plans for the
2012 Super Bowl in Indianapolis.
Vectren’s third-quarter profit, revenue dive
Evansville-based energy company Vectren Corp. reported a 47-percent drop in profit for its fiscal third quarter.
Cummins reports plunge in profit, revenue
Cummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same
period last year, though the company said its profitability and cash position improved from the second quarter.
Local tech duo connects to embed video product into e-mail marketing
Cantaloupe.TV, known for
its video marketing expertise, has been working closely with locally based ExactTarget, the well-known e-mail marketing firm,
to give ExactTarget’s clients an easier way of embedding video into e-mails.
EDITORIAL: Take the lead on smoking ban, Mayor Ballard
Maddening? Disappointing? Choose your adjective. The failure of the latest proposal to prohibit smoking in almost all Indianapolis
workplaces was clearly a setback for public health and a city that markets itself as a medical and life sciences hub.
Pace of life sciences venture capital deals in Indiana picks up
After no Indiana health and life sciences firms announced venture capital deals in the second quarter, five did so in the
third, and two more have already this month.
Book will be tribute to late Emmis executive Tom Severino
Former Emmis Communications Corp. employee Jon Quick is writing a tribute book to the late Tom Severino, vice president
and general manager of Emmis’ Indianapolis operations, who lost his battle with lung cancer earlier this year.
Doctors balk at Senate attempt to cut out wasteful health care spending
The big goal of health care reform is to cut wasteful spending to pay for expanded health insurance coverage. But the way
the Senate Finance Committee bill tries to do that would be, according to some doctors, “disastrous.”
Polis Center’s Spirit and Place Festival wants place on your schedule
The civic festival Spirit and Place, which runs Nov. 5-16, has been a fixture of the fall season since 1996, but organizers
are still trying to explain to Indianapolis residents what it’s all about.
Orr Entrepreneurial Fellowship program expands
Due to high demand, the Orr fellowship will place 20 fellows starting with its 2010 class. It anticipates
placing 40 fellows in 2011 and 80 in 2012. The program is designed to match top graduates of Indiana colleges with entrepreneurial
companies.
PROXY CORNER: Conseco Inc.
Conseco Inc. provides Medicare supplement, cancer, heart/stroke and accident insurance policies as
well as annuities and life insurance products through a nationwide network of distributors.
Quarterly profit, revenue soar at Baldwin & Lyons
Baldwin & Lyons Inc. on Thursday morning reported a record third-quarter profit, thanks to big investment gains and an increase
in premiums.
Celadon profit, revenue slides; shares to be listed on NYSE
Indianapolis-based trucking company Celadon Group Inc. on Wednesday reported lower revenue and profit during its most recent
fiscal quarter, and also announced plans to list its shares on the New York Stock Exchange instead of the NASDAQ starting
Nov. 10.