Irwin Financial narrows losses, continues restructuring
Irwin Financial Corp. narrowed its losses in the second quarter, as the company continued to restructure or face the possible
suspension of its business.
Regional News
Articles
Barter network Tradebank opens branch in Indianapolis
The barter network Tradebank has opened a franchise in Indianapolis with two veterans from Louisville.
New Franklin College office to help not-for-profits recruit volunteers
Franklin College has a new office that helps Johnson County not-for-profits develop Web sites and recruit volunteers. The
Nonprofit Resource Center was sparked in part by the lack of volunteer coordination during the summer floods of
2008.
Harbour Trees Golf Club sells hole sponsorships to raise cash
At a time when most central Indiana golf courses are hurting for income, Harbour Trees Golf Club is getting a windfall
from a unique revenue source.
Muncie manufacturer Duffy calling it quits
Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development
that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result
of the closure, Duffy said in its July 27 filing.
Small town, budget hotels hold own in difficult economy
While the local hotel industry is being rocked by the current economy, budget hotels and those in the small towns surrounding
Indianapolis are actually seeing gains. Properties affected by the Indianapolis 500, Brickyard 400 and Big Ten Tournament
are among the losers.
Carbon Motors chooses Connersville
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
UPDATE: Carbon Motors chooses Indiana
Carbon Motors this morning officially selected Connersville for its proposed headquarters and
manufacturing operations.
Carbon Motors has chosen Indiana, official says
A rally this morning in Connersville originally intended to help persuade a police car manufacturer
to locate a major factory there appears to be a celebration party.
Carmel’s Dormir raises $12M from VC firms
Carmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million
in venture capital from three out-of-state firms.
Battered manufacturing towns hungry for food processors
Economic development officials like the stability of the food business, though wages typically are mediocre.
Banks building new branches despite online age
Bank transaction counts—the number of people going into banks to make a deposit, cash a check or
conduct some other form of business—have declined in recent years with the increased popularity
of direct deposit, online banking and easy ATM accessibility. So why add branches?
Candle company cooks up products with a ‘green’ twist
After working in retail management for four years, Rich and Jodi Scheve decided to take business into their own hands—and
their own garage. Passing on business plans for Subway and South Bend Chocolate Co. franchises, the couple
skirted heavy franchise fees and started Twisted Wick Candle Co.
Westfield moves ahead with sports facility plan
A study commission has concluded that a major development involving a new youth-sports complex would be viable for Westfield,
the city announced this morning.
Carmel grapples with rec center finances
A new business plan is in the works for the high-end Monon Center in Carmel.
A taste of summer: CPA spends summers as ice cream man
Certified public accountant Dave Norris bought a 1976 Good Humor truck and started his family-owned U Want Ice Cream mobile
route in 2007, aiming to make a personal connection with people—along with
a little extra money.
Connersville a finalist for police-cruiser plant
Connersville is among three finalists in the running to produce a new police cruiser that runs on clean diesel and biodiesel
technology.
Conseco reinsurance deal swaps profits for cash
Carmel-based Conseco Inc., still a bit strapped for cash, brought in a reinsurance company to shoulder some of the risk
of its life insurance policies. Minnesota-based Wilton Reassurance Co. will pay $57.5 million to Conseco as a ceding
commission to co-insure and administer 104,000 policies held by Conseco subsidiaries.
Greater Indianapolis YMCA has $30M in projects planned
It takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board.
The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding
the Fishers YMCA; and building a new outdoor pool in Lawrence.
Franklin College sues like-named competitor over marketing push
Franklin College filed a lawsuit today alleging trademark infringement against Ohio-based Franklin
University, which will open a campus in Castleton this fall. The liberal arts college south of Indianapolis
said the newcomer’s marketing blitz has been too close to Franklin College’s own branding.