Really Cool Foods closed the 78,000-square-foot facility in November and is searching for a buyer to help repay creditors. One potential suitor is Sugar Creek Packing Co. of Ohio, which has offered $13 million, according to a bankruptcy filing.
EMC Precision Machining in Sheridan will give each of its 93 employees a new bicycle Friday for exceeding company cost-cutting goals.
Whether the company can strip preferred shareholders of their right to collect millions of dollars in dividends will be decided in court. Shareholders have filed suit in an attempt to stop the proposal from being voted on.
Most local economic development organizations rely on private contributions and some government money to support their efforts. But an unstable economy has led to some belt-tightening and soul searching on alternative ways to fund the associations.
A constitutional law professor at the Indiana University Robert H. McKinney School of Law in Indianapolis said he doubts 10 bar owners have a chance fighting the city’s smoking ban in court. The ban goes into effect Friday.
Ray Compton, Mike Jansen and Bob Lovell are using their love of sports to produce and sell DVDs capturing high school sports seasons.
A Florida-based sports marketing firm had claimed in a lawsuit that it was owed million of dollars in commissions for landing the clothing brand as the league’s title sponsor.
A local developer’s plans for a parking garage, part of an $85 million project, met resistance from a city official who said the structure’s design needs to be more “pedestrian-friendly” for the area of Illinois and New York streets.
Small amounts of funding often ignored by larger banks.
The unusual find occurred when the museum, which boasts the largest collection of T.C. Steele paintings in the country, shipped one of the Hoosier artist’s works to be cleaned by a conservator. He said the 122-year-old hidden canvas he found underneath was like a “King Tut” discovery.
The Indianapolis-based appliance and electronics retailer on Wednesday reported fiscal quarterly profit of $53.6 million, including $39.6 million from a life insurance policy the company took out on former executive chairman Jerry W. Throgmartin.
The city is set to hear a request on Thursday by a local developer to build a five-story parking garage at the corner of New York and Illinois streets downtown. The garage is part of a development that would be anchored by a Marsh store.
The case involves an Illinois franchisee of Steak n Shake that successfully sued the company over its mandatory menu and pricing policies. The company’s appeal is set to be heard Wednesday by a federal appeals court in Chicago.
Indiana’s unemployment rate dropped to 7.9 percent in April, falling below 8 percent for the first time since November 2008. The rate has dropped for five straight months.
Honest-1 Auto Care hopes to open as many as 20 shops in Indiana over five to seven years and has tapped the founder of the Signature Inns chain to help lead the effort.
Boone, Hancock counties on the Muncie-based bank’s radar.
The Indianapolis-based company said it plans to sell 8.4 million shares, most of them held by current stockholders.
Brent and Matthew Claymon have founded OnSite Space LLC and acquired Indianapolis-based Tyson Corp., to form OnSite Space by Tyson. The brothers sold Pac-Van in 2006 and have returned to the industry after their five-year non-compete expired.
CIB and city tourism leaders say that the money was well spent considering the game could translate to $300 million in direct visitor spending over the next several years.
The City-County Council is set to hear a proposal by two companies to lease space on city-owned rooftops and sell electricity generated by solar panels installed in those spots.
