Quest to improve corridors continues in Lebanon
The corridors leading into downtown Lebanon are a step closer to becoming more attractive.
IBJ Staff
Articles
My Health Care Manager goes national
Less than three years into its life, Indianapolis-based My Health Care Manager is going national.
Smoking ban smolders
Hancock County commissioners on Dec. 8 tabled a strict no-smoking ordinance for the county.
IT veteran to teach entrepreneurship class
Indiana University will offer a new course on entrepreneurship in the information technology sector at the IU School of Informatics
at IUPUI next semester.
Hamilton County businesses expand
Despite the recession, Hamilton County continues to enjoy economic growth from both old companies and new ones.
Generic meds cost more than consumers realize
Generic drug makers drive up the cost of name-brand drugs developed by locally based Eli Lilly and Co. and other pharmaceutical
firms.
Conference center plan for Hendricks County gets positive interest
A recent feasibility study came out in favor of creating a small conference center with an adjoining hotel near Interstate 70 and State Road 267, the Hendricks County Convention and Visitors Bureau said. The study found that planners nationwide have interest in a conference center there for two reasons: the new midfield terminal at Indianapolis […]
Givers get strategic
Wealthy people are getting more advice from hired professionals and less from peers and not-for-profit personnel when
making
decisions about charitable giving, a new study shows.
IU chief plans salary freeze for administrators
Indiana University President Michael A. McRobbie this morning announced that he plans to freeze salaries for senior administrators in the 2009-10 fiscal year, a move that would save more than $2 million. The freeze would apply to as many as 400 employees. The move is McRobbie’s latest effort to respond to the recession and slumping […]
Report: Indy, Louisville to share FFA convention
The lucrative National FFA convention will be split between Indianapolis and Louisville from 2013 to 2019, the Louisville television station WHAS-TV Channel 11 reported last night, citing unnamed sources familiar with an announcement planned this morning. Indianapolis snatched rights from Louisville to host the convention from 2006 to 2012 after Louisville had seen the blue-jacketed […]
Parts maker closing in Crawfordsville, idling 461
Crawfordsville-based auto parts maker Friction Holdings LLC announced today that it will stop operating in February, throwing 461 employees out of jobs in the city northwest of Indianapolis and another 171 at a plant it operates in Mississippi. The company said it lost a large chunk of business, and couldn’t cut costs enough to compensate. […]
Construction equipment service acquired
Newman Equipment Inc., a southwest-side company that sells parts and services for excavators and material handlers, has been acquired by Reco Equipment Inc. of Morristown, Ohio, for an undisclosed price. The name of the Indianapolis company, which has five mechanics and trucks, has been changed to Reco. The deal adds central Indiana to Reco’s footprint, […]
OrthoIndy planning Greenwood center
OrthoIndy and its Indiana Orthopaedic Hospital will open an outpatient center on the south side in the fall of 2010, they announced today. The 75,000-square-foot building will be similar to a center they opened in Brownsburg in September. It will be east of I-65 and south of County Line Road in Greenwood. The location is […]
Cummins curtails revenue, profit forecast
Columbus diesel engine maker Cummins Inc. today said the slowing economy has forced it to revise its 2008 outlook downward. Sales will rise 9 percent rather than the previous guidance of 12 percent, and profit will increase 9 percent instead of 10 percent. Most of the declines are coming in its engine and components businesses, […]
Hurco profit plunges with global economy
Profit plummeted 40 percent for Hurco Cos. Inc. in its fourth fiscal quarter, the Indianapolis machine tool maker reported today. The decline to $3.4 million in the period ended Oct. 31 was caused by the slumping global economy, Hurco said. Sales edged up slightly in Europe, but fell in North America and dropped by more […]
Think tank names WellPoint strategist as director
Daphne Clark, whose roles at WellPoint Inc. have included serving as chief of staff to CEO Angela Braly, has been tapped to direct the Medical Technology Leadership Forum. The forum is the not-for-profit think tank that’s moving this month from Minneapolis to the Indiana University Research and Technology Corp. campus on Indianapolis’ downtown canal. From […]
Wabash National to layoff 800 in Lafayette
Truck trailer manufacturer Wabash National Corp. announced today that it will lay off 800 employees at its Lafayette plant with the intent of calling them back to work in the second quarter. The layoff begins Dec. 22. Other workers will have an extended holiday shutdown lasting from Dec. 22 to Jan. 6. Lafayette-based Wabash didn’t […]
Warsaw-based foundry files bankruptcy
Dalton Corp., a foundry headquartered in the northern Indiana city of Warsaw, has filed for Chapter 11 bankruptcy protection from creditors. Dalton has about 1,500 workers at gray iron foundries in Warsaw and Kendallville, and a machining facility in Stryker, Ohio. The company supplies castings for air-conditioning, engines, transmissions and other uses. The bankruptcy was […]
Endowment gives $300,000 to International Center
Lilly Endowment has committed $300,000 to the International Center of Indianapolis for the 10th year in a row. The funds will be used for programs including cross-cultural training for employees and helping families relocate from other countries. The not-for-profit focuses on connecting people from various cultures in the city.
Study: Auto bankruptcy could hit 5% of Hoosiers
A study released today by the Democratic-leaning Economic Policy Institute estimates 40,700 to 147,300 Hoosiers would be thrown out of jobs if one or more of the three Detroit automakers were to shut down. The figures equate to 3 percent to 5 percent of the state’s 2.9 million workers. Only Michigan would be hit harder, […]