Officials and business owners in Yorktown say employees of Marsh Supermarkets claim the grocery store chain is considering moving jobs to their town from the company’s Indianapolis headquarters. However, The Star-Press of Muncie reported, Marsh wouldn’t confirm or deny the talk. Also, Roy Budd, who leads a Muncie-area economic development group called Energize-ECI, cautioned that […]
Construction on the Getrag transmission plant north of Indianapolis will resume Monday, now that the German transmission maker and its partner on the project, Chrysler LLC, have settled a dispute. The companies wouldn’t discuss the issue that caused work on the $530 million project near Tipton to grind to a halt on Dec. 21, according […]
Xenia Miller, the widow of Columbus industrialist J. Irwin Miller, died Tuesday at the age of 90, according to The Republic of Columbus. The Morgantown native supported causes ranging from downtown redevelopment to bringing to Columbus art by Dale Chihuly, whose tower of blown glass is a permanent sculpture in the Children’s Museum of Indianapolis. […]
Republican presidential candidate John McCain is coming to Emmis Communications Corp. headquarters on Monument Circle, McCain’s campaign said yesterday. McCain is scheduled to appear Friday at 9 a.m. Is McCain venturing into enemy territory, considering Emmis CEO Jeff Smulyan traditionally supports Democrats and has contributed to both Hillary Clinton and Barack Obama? “Our lobby is […]
Mercantile Bancorp Inc., a Quincy, Ill., holding company with locations in four states, plans to open a loan-production office in Carmel as the bank’s entry into Indiana. Headed by former First Indiana Bank Vice President Kevin Murphy, the office will focus on business loans of $5 million to $15 million. Mercantile CEO Ted Awerkamp said […]
Contributions from the 2007 fund-raising campaign for United Way of Central Indiana will increase 5.4 percent from 2006, the not-for-profit projected today. The record $39 million is expected to be $2 million over the prior year. President and CEO Ellen Annala attributed the increase to campaign co-chairmen who put their own money on the line […]
An agreement could be near in the long-running dispute between the towns of Whitestown and Fayette in Boone County. County commissioners are considering signing a compromise that would dismiss a lawsuit brought against the county last year by Whitestown and Carmel developer Brenwick Associates LLC, according to the Lebanon Reporter. The suit challenges the incorporation […]
Calumet Specialty Products Partners LP reported yesterday that fourth-quarter profit plummeted to $7.8 million from $32.1 million a year earlier. The Indianapolis company said oil prices increased faster than it could raise prices on the lubricants, fuel and other products it refines. For the year, Calumet had profit of $82.9 million compared to $95.6 million […]
The Marion City Council has approved issuing up to $10 million in bonds to be used by Veriana Networks LLC to buy and equip headquarters it has said it wants to build in the Grant County community. In October, Veriana, a startup specializing in technology, media and risk management for the entertainment industry, announced its […]
Descendents of the founder of Indiana Beach amusement park have sold the operation to Morgan RV Resorts, a campground and RV park owner headquartered in Queensbury, N.Y., for undisclosed terms. The deal was announced yesterday, according to the Herald Journal of Monticello. Locations included in the sale are Indiana Beach amusement park, Jelleystone Park Camp-Resort […]
Mutual First Financial Inc. in Muncie said yesterday it would restate its cash flow for 2006 because officials misunderstood where to allocate loan sale activities. The sales were allocated to operating activities rather than the proper category of investing activities, the bank said in a Securities and Exchange Commission filing today. In an interview, Assistant […]
A new president and CEO has been appointed at American Commercial Lines, the big barge builder headquartered in the southern Indiana city of Jeffersonville, after the company reported a plunge in profit. Michael Ryan, the company’s senior vice president of sales and marketing, will replace Mark Holden on March 1, the parent of Jeffboat said […]
Last year, Bloomington’s downtown netted 18 new businesses, with 25 businesses opening and seven closing, according to The Herald Times, citing a report issued by Bloomington Downtown Inc. The report also said eight companies expanded and 12 buildings were renovated. Downtown commercial space is 95-percent occupied, the report said. The positive numbers from 2007 continue […]
A plant in Greenwood operated by Mitsubishi Heavy Industries Climate Control Inc. will close in September because the company lost a key contract with an undisclosed customer, according to the Daily Journal of Franklin. Some of the 60 workers might be transferred to a plant operated by the company at its headquarters in nearby Franklin. […]
A venerable downtown homeless shelter plans to shed programs and lay off staff to minimize a rising tide of red ink. Wheeler Mission Ministries announced today that it will transfer a youth program and a separate family-service program to Shepherd Community Center at the end of the month. Shepherd, also a Christian ministry, focuses on […]
Community Health Network and health insurance giant UnitedHealthcare said today that they’ve settled their spat. UnitedHealthcare said it has negotiated a new multi-year contract with Community that gives its members ongoing access to the hospital network’s 170 physicians, along with access to its medical facilities. The facilities include Community hospitals east, north and south as […]
Massachusetts-based Equity Industrial Partners Corp. has bought a 630,000-square-foot industrial building at 7900 Rockville Road from Covington Capital Corp. of Columbus, Ohio, for undisclosed terms. The multi-tenant Rockville Business Center is 97-percent leased. Mark Writt of CB Richard Ellis represented both sides in the transaction. Covington acquired the building, which had once housed a manufacturing […]
Evansville-based sporting goods maker Escalade Inc. is shutting down a children’s archery line because a needed investment in upgraded equipment would be too expensive. Instead, Escalade will import the line from China. The company will lay off 25 workers in Evansville as a result, according to the Evansville Courier & Press. Escalade, which also makes […]
Brent Waltz, a Republican who unseated long-time state Senate Finance Committee Chairman Larry Borst in 2004, is under attack by a primary election challenger who claims Waltz lives outside his district. Waltz lives at his parents’ White River Township home in Johnson County rather than at a condominium he leases in Greenwood, according to a […]
Hawker Beechcraft Services plans to expand its maintenance and service location at Indianapolis International Airport, the airport announced this morning. The airport board approved the $14-million project along with a 32-year lease. Forty to 50 workers will be added to the current 73 within five years. The new facility will include a 6,600-square-foot terminal, and […]
