A federal agency has stepped in to pay almost all of a $36 million shortfall in pension benefits for current and future retirees of Vertellus Specialties Inc., an Indianapolis-based manufacturer that is working its way through a Chapter 11 bankruptcy.
The Brookville Road plant, which includes about 1.6 million square feet on about 90 acres, houses a former engine plant and foundry that once employed hundreds of workers.
Indy Pride Inc. on Friday announced that its 2017 Circle City IN Pride Fest will be moving to Military Park at White River State Park after seven years of growth at the American Legion Mall.
At the new event, more than 7,000 Marion County eighth-graders will get hands-on experience in eight job sectors, aided by some 3,000 volunteers from more than 100 companies.
According to a tax-abatement application with the city, FedEx plans to install $170 million in new package-sorting equipment, while adding 27 full-time jobs and 178 part-time jobs. It would also retain 728 full-time and about 3,200 part-time workers.
Advocates and opponents of a Nov. 8 referendum that would let the City-County Council increase taxes to pay for a mass transit plan are gearing up to vie for your vote.
A federal bankruptcy judge approved the sale of Indianapolis-based chemical company Vertellus Specialties Inc. on Thursday after the U.S. Environmental Protection Agency withdrew its objection to the sale.
Charlotte, North Carolina-based Coca-Cola Bottling Co. Consolidated, an independent bottling company, has signed agreements to purchase Indiana manufacturing and distribution plants in Indianapolis and Portland, plus one in Cincinnati, from Coca-Cola Refreshments USA Inc.
Indianapolis-based Vertellus Specialties Inc. is at odds with the U.S. Environmental Protection Agency over whether a proposed $454 million sale of the chemical company will provide adequate resources to address environmental cleanup needs.
Indianapolis-based Republic Airways Holdings Inc. has reached an agreement to continue providing regional flights for American Airlines—a step Republic says “clears the pathway for a successful emergence” from its Chapter 11 bankruptcy case.
North American sales for the Indianapolis-based manufacturer dropped 19 percent in the third quarter due to pricing pressure and reduced consumption of machine tools.
Chemical company Vertellus Specialties Inc. says the $454 million deal arranged in bankruptcy proceedings will allow it to continue operations with its current leaders.
A University of North Dakota study predicts that annual pilot deficits will escalate over the next decade and will total 15,000 by 2026.
A company that sold more than 160,000 trucks last year intends to spend $12.35 million to lease and equip a 283,500-square-foot facility for sending parts across the Midwest.
Organizers of Evermore Music Festival, set for three days this fall on the lawn of the American Legion Mall, hope slow ticket sales perk up.
Currently working its way through Chapter 11 bankruptcy, the firm expects the closure at its Tibbs Avenue plant to affect dozens of employees.
Indianapolis International Airport officials say they’re taking their time with deciding what comes next for the site of nixed proposal for a $500 million medical center.
The Columbus-based engine maker will be part of a federal program aiming to more than double the freight efficiency of 18-wheelers.
A group run by Kimbal Musk—billionaire Elon Musk's brother—is expanding its footprint to Indianapolis in a big way, aiming to cultivate at least 100 patches of land for schoolchildren to study.
In a recent report, Fitch Ratings expresses doubt that the section of I-69 between Bloomington and Martinsville will be completed by its June 2017 deadline.
