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German manufacturer Getrag is without a primary customer for the transmissions it expected to make at a new factory in Tipton. Chrysler LLC terminated a financing options agreement with Getrag over the weekend, the company said. Indiana economic development officials hope Getrag can find a new customer soon for dual-clutch transmissions that were to be […]
Sears Holdings Corp. has notified the state of plans to close its store at Lafayette Square Mall.The struggling retailer is laying off 110 employees at the department store and an automotive center at Lafayette Road and West 38th Street, due to “a change in business circumstances,” the company said in a notice filed yesterday with […]
The decision by Sears Holding Co. to close its store at Lafayette Square Mall could deal a serious blow to efforts by a New York…
Roche Diagnostics Corp. will cut 200 positions from its Indianapolis work force in what a spokeswoman called “a normal course of assessing the business.” Switzerland-based Roche, which makes medical devices such as glucose meters, employs roughly 2,600 people here as part of its North American headquarters and research-and-manufacturing operations. All of the cuts will come […]
Global relocation giant Sirva Inc. announced plans this morning to centralize its national moving-services headquarters in Fort Wayne, creating 240 new jobs by 2011. It already employs 450 there. The firm, which operates Allied Van Lines and North American Van Lines, will invest more than $16 million to consolidate its Illinois-based national moving services operations […]
A pharmaceutical industry publication says the U.S. Food and Drug Administration is convening a February meeting to discuss prasugrel, a blood-thinner Eli Lilly and Co. hopes will be its next blockbuster. The move likely would delay a decision on the new drug until March, according to The Pink Sheet, a weekly publication that covers regulatory […]
The Indy Racing League’s drive for a title sponsor has hit the wall.
“The economy is having a huge impact,” said Zak Brown, president of Just Marketing International, the local firm the IRL hired…
The Heartland Film Festival kicks off tonight with the North American premiere (which I incorrectly stated was a World Premiere in my weekly e-mail) of “The Boy in the Striped Pajamas.”
Landing a major studio premiere is a coup for Heartland…
For those who say the pre-season means nothing, I disagree. It’s a good indicator of a team’s fan base. While I didn’t expect the Indiana Pacers to draw hordes of fans for its…
Steel Dynamics Inc. said late yesterday that its third-quarter profit jumped 92 percent over the same period a year ago as the steel manufacturer’s revenue more than doubled despite a sharp decline in ferrous scrap prices. For the three months ended Sept. 30, the company said net income was $193 million, or 98 cents per […]
In the coming years, Graham Rahal can expect more than a few thank you cards from critically ill youngsters. The 19-year-old Indy Racing League driver raised $40,900 for Flying Horse Farms with the…
A few month’s back, I travelled to Louisville to catch the national tour of “Avenue Q.” Not only was I anxious to see the Tony-winning show, but I also wanted to catch it before it came to Indy, the better to…
The former Winona Hospital site – and its unpaid tax bill of nearly $1 million – will be listed in the Marion County Treasurer’s tax sale, which starts tomorrow. The tax sale is going forward as the owners of the deteriorating buildings on a site exceeding 1 acre at 3232 N. Meridian St. try to […]
There have been a fair number of complaints about the new home of the Indianapolis Colts since its opening in August, from the temperature inside the stadium to traffic flow in concourses and…
Several potential buyers submitted bids today for a handful of properties near Meridian and 16th streets that once housed the Payton Wells car dealership. Colliers Turley Martin Tucker Auctioneer Bob Getts confirmed bids were submitted but declined to identify the bidders. He said property owners are reviewing the submitted bids. The auction had originally been […]
The Indiana Pacers—in conjunction with sponsor Kia Motors—today are giving away free gasoline. You heard that right.
From 5 p.m. to 6 p.m., Pacers players will be at gas stations at 7751 S. Meridian St. in Greenwood, 11544 Allisonville Rd. in…
Engine maker Cummins Inc. said Tuesday it will buy $25 million of stock of Irwin Financial Corp. to support the Columbus bank’s restructuring plan. The investment is contingent upon regulatory approval of the purchase and the restructuring plan, a Cummins spokesman said. Irwin Financial said earlier this month that it planned to raise a total […]
The St. Francis hospital system threatened to terminate its contract with Anthem Blue Cross and Blue Shield of Indiana on Nov. 2-well before the contract expires next September, saying Anthem has been slow at paying claims and has not granted St. Francis terms similar to other area hospitals. If no deal is reached before Nov. […]
Eli Lilly and Co. has commenced its tender offer for New York-based ImClone Systems Inc., the Indianapolis-based drugmaker announced today. Lilly agreed on Oct. 6 to pay $70 a share in cash to acquire ImClone, for a total purchase price of $6.5 billion. Two of ImClone’s largest shareholders-ImClone Chairman Carl Icahn and New York-based Bristol-Myers […]
United Way of Central Indiana is hoping that a matching gift of $300,000 from WellPoint CEO Angela Braly and her husband, Doug, nets $1 million in additional giving over the next three years. “We feel it’s important to challenge others to continue to give, or increase their giving, during this uncertain economic time,” Braly said […]
