Retailers scout new Indy-area locations
Several restaurants, including three pizza chains, and an adult-oriented retail store are planning new locations around the city.
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Ganassi locating two new race teams in Brownsburg
Izod IndyCar Series team owner will invest $3.3 million and create up to 30 jobs. Ganassi plans to begin hiring employees immediately to prepare for the start of the 2011 season.
Lilly Endowment awards Purdue center $6.3M
A Purdue University-based institute that aids military families whose lives have been disrupted by a relative's deployment overseas has won a $6.3 million grant from the Lilly Endowment to boost its mission.
Chrysler to invest another $85M in Kokomo plant
Chrysler Group LLC said Tuesday it plans to invest an additional $85 million in its Kokomo transmission plant. The money is in addition to the recently announced $1.2 billion investment in other facilities in the north-central Indiana city.
Biomet owners look to arrange $11B marriage
Warsaw-based Biomet Inc. could get a whole lot bigger if rumors prove true that its owners have made a bid for U.K.-based rival Smith & Nephew plc.
Abound Solar completes financing for Tipton plant
Company closes on a $400 million federal loan to help it take over the empty Getrag plant on U.S. 31 near Kokomo, where it wants to hire as many as 1,000 workers. The plant was acquired for $25 million.
Fishers-based mortgage company to add 300 jobs
Stonegate Mortgage Corp. plans to move next spring from its current location near 106th Street and Allisonville Road to a 29,000-square-foot office near 106th Street and State Road 37.
TJX closing South Bend facility, cutting 725 jobs
More than 700 workers will lose their jobs when an A.J. Wright distribution center in South Bend closes next year as part of as a national consolidation by parent TJX Cos.
Lost funding puts brakes on commuter buses
The expiration of a federal grant will halt a popular suburban commuter bus service at year’s end, but central Indiana transit advocates say it may be just a temporary stoppage.
IU’s health care budget could be $25 million short
Indiana University’s board of trustees has learned that the school’s health care budget is $24.9 million short of projected expenses in 2011-12.
Indiana University football on a financial winning streak
Program is contributing more to the school’s athletics department in spite of poor record on the field.
Zionsville galleries team up, commit to expand hours
The joint marketing effort is, in part, an effort to counter Carmel’s Art & Design District.
Sale of 118-year-old bank symptom of tough times
A sale is suddenly more appealing to Monroe Bancorp and other financial institutions that used to be fiercely independent.
One Click buys, rejuvenates retail websites using online marketing savvy
Greenwood company buys sites on the cheap and turns them into profit centers.
ITT Educational, for-profit peers reaped $521M from military
Twenty for-profit colleges—led by Carmel-based ITT Educational Services—reaped $521 million in U.S. taxpayer funds in 2010 by recruiting armed-services members and veterans through misleading marketing, according to a Congressional report released Thursday.
Clarian Health looks to scoop up White County hospital
The Indianapolis-based hospital system’s board of directors could vote to acquire the 25-bed hospital as early as next week, but might put off a decision till February.
Refinancing boosts Bioanalytical Systems
Shares of the West Lafayette-based pharmaceutical-services firm soared after it wriggled out from under a $1.3 million loan that was due in February.
St. Francis Hospital project targets Greenwood’s growth
The $20 million facility would attempt to capture some of the 32-percent growth in population Greenwood experienced from 2000 to 2009.
Simon Property offers to settle dispute over widow’s stake
Simon Property Group Inc. has offered to settle a lawsuit with Bren Simon by cashing out 6.5 million partnership units her late husband Melvin held in the giant shopping mall developer.
Exports fueling Indiana business growth
Firms are taking matters into their own hands to open trade relationships overseas, developing export policies they hope will benefit themselves and their communities.