Boone County officials ‘surprised’ by ASI closing
ASI Limited informed an estimated 250 employees by letter that the company was no longer profitable. The manufacturer’s high-profile projects include Lucas Oil Stadium and the JW Marriott hotel.
ASI Limited informed an estimated 250 employees by letter that the company was no longer profitable. The manufacturer’s high-profile projects include Lucas Oil Stadium and the JW Marriott hotel.
A California-based pharmaceutical company says it expects to hire 234 people by 2016 at a new operation on the site of a former Pfizer Inc. drug plant near Terre Haute.
I’ve yet to see an Amazon sign at a Little League playing field, or sponsoring the Girl Scouts.
Polymer Technology Systems said in 2007 that it would make a $3 million investment at its operation on Zionsville Road and create 110 jobs.
Subah Packer, a physiology professor at the Indiana University School of Medicine, filed a scathing gender discrimination lawsuit in federal court in Indianapolis this month, accusing the school of paying her less than what male counterparts with less experience earn, even after she attained tenure at the academic medical center. Packer, 57, wants IU to compensate her for loss of past and future income, and pay her attorney's fees. She has worked for IU since 1986 and has been a tenured associate professor of clinical and integrative physiology since 2001. Since then, Packer alleges, her department has hired five less-experienced professors, all male, and paid four of them substantially more than Packer. Her complaint lists her salary as $74,600, compared with starting salaries of roughly $92,000 for three of the newer hires, as well as $82,000 and $72,000 for the other two. Packer also alleges that her salary is below the median of the Physiology Department, which includes 19 full-time professors, even though her teaching load was greater and she had less lab space for conducting research. Mary Hardin, a spokeswoman for the IU medical school, said the school would not comment on the lawsuit. Packer could not be reached for comment.
The city of Indianapolis rescinded a tax abatement last week given in 2007 to Polymer Technology Systems Inc., a small locally based maker of handheld blood monitors. PTS, founded in 1992 by a former Roche Diagnostics Corp. employee, said it would make a $3 million investment at its operation on Zionsville Road and create 110 jobs by 2010, but fell short of its goal. The company has made $2.1 million in investments and currently has only about 70 employees, less than the 80 it had when it received the abatement four years ago, according to the city. PTS chose to terminate the deal rather than renegotiate with the city. PTS makes CardioChek, a handheld meter that measures levels of cholesterol, glucose, triglycerides and other key health indicators from a drop of blood.
Researchers at Indiana State University discovered a new compound that could help boost patients' immune systems without causing unwanted side effects. Biology professor Swapan Ghosh and a team of chemistry professors and graduate students have now patented their chemically modified version of phytol, which is a component of the chlorophyll found in vegetables. Terre Haute-based Indiana State will market the compound to drug companies, which might want to pair it with a drug or vaccine in order to boost effectiveness in patients. Many drugs and vaccines rely on adjuvants like the one Ghosh’s team discovered, but they often have side effects. One of the most widely used adjuvants, alum, has recently come under attack as a possible cause for brain disorders.
A local developer plans to build a Marsh grocery store and hundreds of apartments in an $85 million project that would replace a block and a half of surface parking lots in the northwest quadrant of downtown.
Pet Supplies Plus said it will add the positions by relocating its warehousing operations from Michigan to Seymour, 60 miles south of Indianapolis.
The call center will serve U.S. customers on issues relating to wireless communications and Internet connectivity.
An apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored by a Marsh grocery.
Indianapolis-based New Sunshine, which is owned by a group led by former Conseco Inc. CEO Stephen Hilbert, said it will add 180 jobs by moving a manufacturing facility from Tempe, Ariz.
Living and working in Japan for seven years opened the eyes of Jenny Massey, 38, to the possibilities of cross-cultural business relationships.
Daily Lunch Deal sold last month after just a year in business, marking a milestone for its venture-firm mentor.
The Greenwood Redevelopment Commission on Tuesday evening approved an incentives agreement with One Click Ventures LLC, which plans to hire 109 people over the next five years.
A refrigerated warehouse company plans to expand its facility in Franklin, investing $26 million and creating as many as 50 jobs by 2014.
Over objections from Mayor Greg Ballard, the Indianapolis Airport Authority and Indy Park Ride & Fly, the city’s Metropolitan Development Commission gave the green light to a 31-acre, 3,700-spot parking lot in the Ameriplex development on the city’s west side.
Haven Manufacturing in Ossian, south of Fort Wayne, makes orthopedic instruments, industrial parts and special tooling for the medical, furniture, aerospace and transportation industries.
Supreme Industries said it will invest nearly $8 million to refurbish and equip facilities on its 100 acre-campus in Elkhart County.
Rolls-Royce Corp. plans to invest $42 million to set up a new manufacturing plant in Indianapolis and create 100 jobs by 2014, the company announced Tuesday morning.
Charming Shoppes Inc., a retail chain specializing in women's plus-size apparel, plans to upgrade its distribution operations in Greencastle and add up to 135 jobs by 2014, the company said Wednesday.
Pratt Corp., a 66-year-old Indianapolis-based retail graphics firm that saw ambitious expansion plans come up short during the recession, has been acquired by Vomela Group of St. Paul, Minn.