Low fuel prices tank Allison’s hybrid-transmission line
Allison’s hybrid bus transmission sales have tanked, and the company says it’s postponing production of hybrid truck transmissions until market conditions improve.
Susan Orr
Articles
Calumet Specialty posts fifth straight quarterly loss
The Indianapolis-based fuel-products company posted a loss of $33.4 million in the third quarter, marking an improvement over its previous four quarters.
Animal group shutting its doors next month, placing critters in new homes
The area not-for-profit organization says its bookings for educational programs have slowed considerably this year, and it’s closing down rather than operate at a loss.
In economic ballgame, U.S. is in ‘seventh inning,’ strategist says
The chief investment strategist for Fifth Third Bank on Friday tried to temper optimism in an economic forecast for 2017, noting global headwinds that could curtail growth.
RCA firm grows with LED popularity
For decades, the RCA brand has been associated with televisions and other consumer electronics. But it’s LED lighting that’s helping fuel growth for Indianapolis-based RCA Commercial Electronics.
Initiative aims to train, connect job-seekers with employers
The initiative, called Ascend Indiana, is a new program of the Central Indiana Corporate Partnership.
Indianapolis airport to sell 6.4-acre site to local developer
The Indianapolis Airport Authority on Friday also heard about plans to add hundreds of new public parking spaces at the airport in coming months.
Council has final say on transit tax, even if voters pass referendum
The Nov. 8 referendum—if it’s approved—doesn’t institute a transit tax. It only gives the City-County Council permission to vote on one, if it chooses to.
Mayor unsure how much of Rexnord incentives city could claw back
Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.
Perceived rise in aggressive panhandling downtown inspires cooperative effort
The first pieces of the new initiative involving businesses, social-service groups and the police are launching this month.
Vertellus workers qualify for federal layoff assistance
The U.S. Department of Labor says Vertellus employees affected by a pending plant layoff can apply for Trade Adjustment Assistance.
Manufacturer ‘tentatively’ decides to move Indy operations to Mexico
Hundreds of employees at Rexnord Corp.’s west-side plant would lose their jobs if the firm goes through with the plans announced Friday.
Rolls-Royce’s $400M modernization is massive juggling act
With Project Condor, the manufacturer will update its Tibbs Avenue and Raymond Street plants while continuing uninterrupted production of high-precision engines for military aircraft.
Evermore music event organizer says festival insolvent
The organizer for the Evermore Music Festival is telling vendors and bands that his business is insolvent and does not have enough money to fully pay them for their work on the inaugural event, which fell far short of attendance projections.
Rivoli Theatre: Roof repairs should be underway soon
Of the three local sites on the Indiana Landmarks list of 10 Most Endangered buildings, the Rivoli Theatre at 3155 E. 10th St. is in the poorest condition by far. This is its second year on the list.
Turnverein: Sculpture could cost $100,000 to fix
Built in 1900, the former Southside Turnverein building made the Indiana Landmarks’ Ten Most Endangered list largely because of a bas-relief sculpture on the west gable of the building at 306 E. Prospect St., just east of Madison Avenue and just south of Interstate 70 adjacent to an Indianapolis Park Ranger station.
Former Ford plant—one of city’s ‘most endangered’ buildings—goes on market
Indiana Landmarks says it’s keen to save the Washington Street property because it has a leaky roof that is causing mold to grow inside the building which, left unchecked, can cause major damage.
Former employee files sexual harassment suit against Emmis
The plaintiff, a former digital content manager at WFNI-AM 1070 “The Fan,” said Emmis didn’t do enough to respond to her complaints after she alleged two of the station’s producers were harassing her.
Indianapolis man sues Chipotle, others over sign collapse
The plaintiff says he suffered a concussion at a north-side Chipotle restaurant in April when a brick sign crumbled in high winds and totaled his car.
Beaten-up trucking firm sees rebound on horizon
Economic conditions have meant a bumpy ride for trucking companies, but Indianapolis-based Celadon says it’s buckled in for the long haul.