Finish Line Inc. said this afternoon that its bankers have decided not to close on the financing for the company’s $1.5 billion cash purchase of Tennessee-based Genesco Inc. until they gain a better understanding of Genesco’s weakening financial condition. The move by New York-based UBS Financial Services may pressure Genesco to accept a lower price […]
Bridgestone Firestone Diversified Products plans to expand and relocate its corporate headquarters into a new building at 96th Street and Interstate 465. The company has signed a lease for 168,000 square feet in Parkwood West and plans to move from a 90,000-square-foot space in nearby Parkwood Crossing. Both properties are developed and owned by locally […]
The International Brotherhood of Teamsters is trying to enlist local workers in its attempt to wrest representation of United Airlines mechanics from another union. A Teamsters organizer says the union contacted 350 former United mechanics in the Indianapolis area over the weekend to try to persuade them to go along with an effort to abandon […]
Imagine four new lanes on Interstate 70 built only for trucks. That scenario could emerge from a feasibility study funded yesterday by the U.S. Department of Transportation. A coalition of Indiana, Illinois, Missouri and Ohio received $3 million to recommend ways to speed freight on the interstate. Missouri received an additional $2 million to study […]
A Texas consulting firm is telling LaPorte County officials in northwest Indiana that a proposed intermodal facility will require 5,000 acres-nearly twice the space initially anticipated, according to the Post-Tribune of Merrillville. Only about 500 acres would be needed for the actual facility, where goods would be shifted back and forth between railroad cars and […]
Flodraulic Group Inc. is moving its headquarters from 3131 N. Franklin Road on the far-east side to the Mount Comfort area of Hancock County a few miles east. The company, founded in 2003, distributes hydraulic, pneumatic and lubrication components. The $2.6 million project will result in Flodraulic adding 11 workers, according to the Indiana Economic […]
Purdue University has received another shot of money to find ways to use engineering principles to improve health care. The Regenstrief Foundation has donated $2.45 million to improve cancer care, patient scheduling, and phone- and internet-based health care, Purdue officials announced this morning. The Indianapolis-based foundation, which helped launch Purdue’s Regenstrief Center for Healthcare Engineering […]
Indiana University climbed to 5th place from 15th a year earlier in this year’s The Wall Street Journal annual ranking of business schools. IU, which was classified among regional institutions, performed better this year than Purdue University, which saw its ranking drop to 12th from 4th. The University of Notre Dame climbed to 14th from […]
Bernardin Lochmueller & Associates Inc., the Evansville civil engineering firm that’s leading consulting work on the extension of Interstate 69, has warned other consulting firms and local police that the environmental group Earth First is ramping up its opposition to the road project, according to the Evansville Courier & Press. Earth First members raided engineering […]
Centrifuge maker Beckman Coulter Inc. expects to add about 120 jobs at a new facility on West 76th Street and has applied for tax abatements worth a total of about $644,000. The Fullerton, Calif.-based company announced in January that it planned to move its Palo Alto facility to Indianapolis to cut costs and improve staff […]
After being forced out of his high-paying job with WellPoint Inc. earlier this year, David C. Colby is now selling his house. Asking price: $1.6 million. The historic home owned by Colby and Angela Doan, who called herself his wife, features six bathrooms, five bedrooms, three fireplaces and a 1.25-acre lot. The brick structure encompasses […]
Cook Medical said yesterday it will add 50,000 square feet to its 104,000-square-foot facility in Spencer that manufactures devices for its Urological and Women’s Health divisions. It’s too early to know what the project will cost or how much hiring will result, said Dave McCarty, spokesman for Bloomington-based Cook. The facility now houses about 300 […]
Genesco Inc. shareholders this afternoon approved the company’s $1.5 billion cash sale to locally based Finish Line Inc. But the deal is a long way from being done. Both Finish Line and its bankers recently have said they might attempt to extricate themselves from the deal by claiming that Nashville, Tenn.-based Genesco Inc. has undergone […]
Martin University will hold a series of receptions for the public to meet the four candidates who are finalists for the presidency of the school. Boniface Hardin, founding president, is stepping aside Dec. 31. The four are Algeania Freeman, president of Livingstone College in Salisbury, N.C.; Walter Howard, vice president for academic affairs and student […]
Andre Carson, who last month took over the City-County Council seat of Patrice Abdullah, has been hired by Cripe Architects + Engineers Inc. as a marketing specialist. Carson, 32, is a grandson of U.S. Rep. Julia Carson, D-Indianapolis. He most recently was an investigator for the Indiana State Excise Police. “We hired him because we […]
Sales of Eli Lilly and Co.’s drugs in China are increasing at an even faster clip than the fast-growing nation’s overall pharmaceutical market, Reuters reports. Lilly’s sales are rising about 26 percent a year compared with 16 percent for the entire drug industry in China, the world’s most populous country. Lilly introduced five drugs to […]
Emmis Communications Corp. CEO Jeff Smulyan is firing back at an Elkhart investor who held a video teleconference with directors last week to encourage them to sell the struggling company’s properties piecemeal. The investor, Frank Martin of Martin Capital Management, said in a regulatory filing Sept. 14 that the company should seriously consider selling its […]
Finish Line Inc. disclosed this afternoon that its bankers are considering withdrawing the financing that the Indianapolis company needs to complete its $1.5 billion cash purchase of Tennessee-based Genesco Inc. If New York-based UBS Securities LLC is able to back out of a “commitment letter” it signed in June, that may provide financial relief to […]
Elkhart money manager Frank Martin said in a regulatory filing this morning that he conducted a video teleconference with Emmis Communications Corp. directors this week to express his deep dissatisfaction with the company’s performance. Martin, whose firm own 9.7 percent of Emmis stock, said in the filing that the company should seriously consider selling its […]
Locally-based Emmis Communications Corp. claims a lawsuit filed against the company by Talk Radio Network morning host Erich “Mancow” Muller, a former Emmis personality, is “without merit.” “The suit and the allegations it contains aren’t worth dignifying with a response,” Emmis Radio President Rick Cummings said in a written statement. “Emmis doesn’t have the ability […]
