Hubler Chevrolet Center Inc. of Shelbyville and several other General Motors dealerships in Indiana are on the chopping block after receiving notice Friday that their dealership agreements would not be renewed when they expire late next year. Normal 0 false false false MicrosoftInternetExplorer4 But most dealers are keeping quiet about the notifications as they hold […]
Organizations hosting events at Lucas Oil Stadium already expected to pay more than they did at the RCA Dome, but some fear the Capital Improvement Board’s financial difficulties could drive costs even higher. The concern is greater for not-for-profits operating on tight budgets that likely will pay at least 25 percent more to use the […]
Normal 0 false false false MicrosoftInternetExplorer4 Organizations hosting events at Lucas Oil Stadium already expected to pay more than they did at the RCA Dome, but some fear the Capital Improvement Board’s financial difficulties could drive costs even higher. The concern is greater for not-for-profits operating on tight budgets that likely will pay at […]
Old National’s purchase of 65 Charter One branches deepens its foothold in Indy.
Taking science from the laboratory to the commercial market takes too much time and is littered with potential pitfalls along the way. That’s the message Bill Cook, one of the state’s most successful businessmen, delivered this morning at the fourth and final event of the 2008-09 Indiana Life Science Collaboration Conference Series at IUPUI. Cook […]
Firehouse Subs said yesterday it plans to open its first store in the Indianapolis area this summer, with as many as 27 more to follow within the next seven years. But a local retail real estate broker who once owned several franchise restaurants thinks an already saturated sub-sandwich market will make it difficult for the […]
Ener1 Inc., the New York parent of fledgling Indianapolis-based advanced battery developer EnerDel, yesterday reported higher revenue and a lower loss in the first quarter compared with the same period a year ago. The company lost $7.2 million, or 6 cents a share, down from $13.1 million, or 15 cents a share, the previous year. […]
Columbus-based Irwin Financial Corp. said today it lost $94 million, or $3.07 per share, in the first quarter due to costs related to the company’s restructuring. The deficit compares with a loss of $22 million, or 77 cents per share, in the same period a year ago, but is less than the $104 million it […]
HALO Capital injects $8 million into startups in first year of operation despite recession and membership turnover.
Cummins Inc. announced today that it will temporarily close its Columbus MidRange Engine Plant for a month or longer and idle at least 610 workers as a result of Chrysler LLC’s bankruptcy reorganization. The plant in Walesboro, just south of Columbus, is the sole manufacturer for the 6.7-liter turbo diesel engine used in the heavy-duty […]
Normal 0 false false false MicrosoftInternetExplorer4 Several Indianapolis businesses are taking steps to protect against the spread of swine flu as the number of confirmed cases in the United States continues to rise. The U.S. Centers for Disease Control and Prevention yesterday reported 403 confirmed cases across 36 states – 124 more than were […]
The son of Adesa Inc. co-founder Michael Hockett agreed to plead guilty Monday to federal bank fraud, the same day the charges were brought by the U.S. Attorney for the Southern District of Indiana in Indianapolis. B. Scott Hockett, 45, faces maximum penalties of 30 years in prison and a fine of $1 million. A […]
Several Indianapolis businesses are taking steps to protect against the spread of swine flu as the number of confirmed cases in the United States continues to rise. The U.S. Centers for Disease Control and Prevention yesterday reported 403 confirmed cases across 36 states – 124 more than were confirmed the day before. Worldwide, the number […]
The son of Adesa Inc. co-founder Michael Hockett agreed to plead guilty Monday to federal bank fraud, the same day the charges were brought by the U.S. Attorney for the Southern District of Indiana in Indianapolis. B. Scott Hockett, 45, faces maximum penalties of 30 years in prison and a fine of $1 million. […]
ORDINANCE NO Susan Wampler 11.9999 Normal 0 false false false MicrosoftInternetExplorer4 Well-known local banking executive Mike Alley has been named interim chairman and CEO of Evansville-based Integra Bank, the company announced today. Alley, who retired from banking in 2002 after 13 years as president and CEO of Fifth Third Indiana, will lead the troubled […]
Well-known local banking executive Mike Alley has been named interim chairman and CEO of Evansville-based Integra Bank, the company announced today. Alley, who retired from banking in 2002 after 13 years as president and CEO of Fifth Third Indiana, will lead the troubled Evansville bank until a permanent replacement is found. A search firm has […]
A decision by a startup Formula One team to set up shop in Charlotte, N.C., is fueling debate over whether Indianapolis still
is the self-proclaimed "motorsports capital of the world."
Two national radio giants with several stations in Indianapolis announced cost-saving steps this week to cope with the slumping economy. Clear Channel Communications Inc. slashed 590 positions nationwide Tuesday, on top of cuts it made earlier this year. And Atlanta-based Cumulus Media Inc. told employees yesterday that it is requiring them to take five days […]
Two national radio giants with several stations in Indianapolis announced cost-saving steps this week to cope with the slumping economy. Clear Channel Communications Inc. slashed 590 positions nationwide Tuesday, on top of cuts it made earlier this year. And Atlanta-based Cumulus Media Inc. told employees yesterday that it is requiring them to take five days […]
Indianapolis-based Indiana Supply Corp., a distributor of heating and air-conditioning equipment, has been acquired by Gustave A. Larson Co. of Pewaukee, Wis. Terms of the deal, which closed April 24, were not disclosed. Indiana Supply, based in an 85,000-square-foot facility at 3835 E. 21st St., has branches in Fort Wayne and South Bend. The company, […]
