The state plans to hand management of its college-savings plan to a new company after the existing manager attracted attention for charging hefty fees. The Indiana Education Savings Authority announced yesterday that it has chosen to begin intensive negotiations with Upromise Inc. to take over the Indiana version of the 529 offering. Upromise, based in […]
One of Indianapolis’ oldest industrial businesses, Peerless Pump Co., has been sold to Grundfos Group, a pump-making giant headquartered in Denmark, for an undisclosed price. Peerless, whose origin dates to the 1920s, had been owned by Monaco-based Thyssen-Bornemisza Group since 1976. Peerless manufactures pumps for fresh water. Much of its $110 million in sales is […]
Clarian Health has decided not to follow through on a medical park it planned near Muncie because, among other reasons, it couldn’t sign enough doctors. The president of the Delaware County commissioners, John Brooke, said a Clarian official told him yesterday that the medical complex wasn’t viable because too few doctors were willing to be […]
Several janitorial firms operating in the Indianapolis area have agreed to negotiate a contract with the Service Employees International Union, which has been holding protests and other events downtown for two years to try to force the talks. Meanwhile, a clergy group that backs the union is taking its campaign against Indianapolis-based HDG Mansur Group […]
Medco Health Solutions, a pharmaceutical distributor headquartered in Franklin Lakes, N.J., is seeking locations in the Indianapolis area where it can build a distribution center that would employ hundreds. A site put forward by Indianapolis near the downtown canal has been passed over because it wasn’t large enough, according to a source familiar with the […]
Indianapolis-based Technuity Inc. has been acquired by Audiovox Corp. of Hauppauge, N.Y., for $16.5 million, plus repayment of $4 million in debt. The deal closed Nov. 1, Audiovox announced today. Technuity is the exclusive North American licensee of Energizer Power Protection products and Energizer rechargeable batteries and accessories. About 30 people are employed at its […]
Anderson voters yesterday ousted Mayor Kevin Smith, a Republican who had spent much of his energy trying to revitalize the city’s sagging economy. Replacing Smith is Kris Ockomon, an Anderson police detective who is a Democrat. Ockomon hammered Smith over the direction he was taking with economic development, and Smith said in an interview today […]
BioCrossroads said today it has formed a not-for-profit group to find ways to tie pharmaceutical research in San Diego and other biotech centers to Indiana companies and universities that that can turn the discoveries into marketable drugs. The not-for-profit, BioCrossroadsLinx, will tap more than 40 Indiana companies that support large pharmaceutical companies and small biotech […]
On the surface, it doesn’t appear that a lot is going well for Celadon Group Inc., the Indianapolis trucking firm. Its stock price of $9.45 per share is half its value early this year. Two analysts have downgraded the stock in the past month, and one of them expects Celadon earnings to be down by […]
News late last week that a manufacturing plant in Wabash employing 800 will close before December continues the good news-bad news Indiana is experiencing with the industry. For every expansion announcement, there seems to be another about a contraction or outright closing. On Friday, GDX Automotive, an auto parts supplier headquartered in Farmington Hills, Mich., […]
A new poll shows college grads are worried about finding jobs â?? no surprise there, considering the sorry
state of the economy.
But the poll, taken by Edison Media Research, also shows a third of them fretting about their…
Churches, which tend to ride out recessions better than many other institutions, are struggling to finish building projects, reporter Kathleen McLaughlin writes in this weekend’s IBJ.
The recession and stock market downturn have forced parishioners to scale back commitments, resulting in…
Business has won two important cases in the U.S. Supreme Court in recent days.
Today, the court ruled in favor of white firefighters in New Haven, Conn., who claimed they had been unfairly denied promotions due to their race….
Plenty of stories have been published and aired in recent days about migration patterns in Indiana. People in the early part of the century are moving to the Indianapolis suburbs, particularly Fishers, Noblesville, Greenwood and Carmel, the Indiana University study…
