 |
 |
 | | | |
 DJIA 14,108 -55.6 / S&P 500 1,562.4 -2.7 / NASDAQ 2,808.2 +4.3
 |  |  Tonight: Showers and chilly. Low 42. Thursday: Showers, blustery and chilly. High 56.
| |
|  Wednesday, October 10, 2007 |
|
Chrysler autoworkers walk off job in Kokomo
Picket lines went up today at Chrysler plants in Kokomo as the company and the United Auto Workers union failed to reach a deal before a union-imposed deadline. Workers began driving out of the gates at the Kokomo Transmission Plant on the city's south side just after the 11 a.m. deadline passed. That plant, which employs nearly 3,200 people, is among four Chrysler factories in the city with a total of more than 6,000 workers. 
Village Pantry buys 33 convenience stores
Village Pantry Inc., the former arm of Marsh Supermarkets Inc., has acquired 33 Next Door Stores convenience stores in northern Indiana and Michigan from Imperial Co. Inc. for an undisclosed price. Imperial is headquartered in Mount Pleasant, Mich. Village Pantry owner Sun Capital Partners said the additional stores will dovetail well with Village Pantry's 146 convenience stores in Indiana and Ohio. Sun separated Village Pantry into its own company in May. Sun, a private-equity firm based in Boca Raton, Fla., bought Marsh a year ago for $88 million.
|  | | | |
|  |
Arcadia details to be announced this afternoon
Gov. Mitch Daniels and officials of Arcadia Resources Inc. are scheduled at 2 p.m. to announce the Michigan company's planned relocation to Indianapolis. IBJ, which reported the move this morning, will have details following the announcement at www.ibj.com. The medical services company will say that it will create more than 300 jobs locally as a result of the move.
Wheat returns to manage Cumulus stations
Less than a year after he left town, longtime radio manager Chris Wheat is back. Wheat has taken over for another radio veteran, Charlie Morgan, as vice president and market manager for Atlanta-based Cumulus Media's group of Indianapolis radio stations. Locally, Cumulus operates WFMS-FM 95.5, WJJK-FM 104.5 and WWFT-FM 93.9.
Marion workers reject proposed GM contract
Workers at a General Motors assembly factory in Marion have voted against ratifying a contract between the car maker and United Auto Workers. A total of 50.7 percent of the plant's 1,280 voting members rejected the contract, John Pence, president of UAW Local 977, said yesterday. Fort Wayne workers voted to ratify the contract last week. Tallies for plants in Bedford and Indianapolis were not immediately available last night.
Hubbard sells GilChrist & Soames
GilChrist & Soames, a local company owned partly by businessman Al Hubbard, who now directs the National Economic Council, has been sold for $51 million. Buying the Indianapolis maker of soaps, toothpaste and other hotel toiletries is Swander Pace Capital, a San Francisco private-equity firm. GilChrist & Soames had been owned by E&A Industries Inc. since 1998. Hubbard is a partner in E&A Industries.
Report: UAW might complain about Honda hiring
Honda Motor Co.'s announcement in August that it would limit hiring for its new Greensburg assembly plant to 20 Indiana counties is the latest sign Japanese automakers are hiring outside of union strongholds, The Wall Street Journal reported today. In a front-page article focused on the new plant, the newspaper said the United Auto Workers is considering filing a formal complaint about Honda's decision with the National Labor Relations Board or the Equal Employment Opportunity Commission. Companies are forbidden from discriminating on the basis of union affiliation, but are allowed to hire from within geographic boundaries.
Court backs Worker's Comp for exotic dancer
An Indiana court has upheld a Worker's Compensation award for an exotic dancer who was injured while performing on a pole at a strip club. The Indiana Court of Appeals yesterday not only ruled in favor of Angela Hobson, it ordered the state Worker's Compensation Board to review the case to determine if she was entitled to double compensation. Court records said Hobson suffered neck pain and numbness after injuring herself while dancing on a pole at the Shangri-La West club in Fort Wayne on Dec. 20, 2001, and later underwent surgery for a herniated disc in her cervical spine.
| | | |
|
Realtors group lowers sales forecast
The decline in 2007 sales of existing homes will be steeper than previously anticipated, a trade group for real estate agents said yesterday. The eighth straight downwardly revised forecast from the National Association of Realtors calls for U.S. existing home sales to be 10.8-percent lower than last year as housing-market struggles persist.
Ethanol crops could threaten water supply
When it comes to solving the fossil-fuel crisis, it seems like every silver lining comes accompanied by a dark cloud. As attention turns more and more toward using corn and other products to produce ethanol for fuel, experts warn that increased production of these crops could pose a threat to the nation's water supplies. Both water quality and the availability of water could be threatened by sharply increasing crops such as corn, said Jerald L. Schnoor, professor of environmental engineering and co-director of the Center for Global and Regional Environmental Research at the University of Iowa.
|  | | | |
| From IBJ staff and Associated Press-Compiled by Norm Heikens
Westfield officer held on $125,000 bond
Accusations of corruption have landed a Westfield police officer in jail. Investigators say Lt. Scott Fross targeted members of the Hispanic community, accepting cash in lieu of traffic tickets or other law-enforcement action. This morning, Fross faced multiple charges of armed robbery. Fox 59 will have the latest at 10 p.m.
DNA may help solve missing-woman case
A DNA test may determine if a missing Indianapolis woman was the victim of an Illinois man who says he killed six women. Carma Purpura was last seen July 11 at a south-side truck stop. The next day police arrested Bruce Mendenhall at a truck stop in Nashville, Tenn., where he told them he'd killed women in four states, including Indiana. Investigators found Purpura's identification card in Mendenhall's truck and some bloody clothes. Police are running tests on that clothing to see if it belonged to Purpura.
Arrest made in Centerville murder case
The boyfriend of Erin Stanley, 19, faces preliminary murder charges after her death. James McFarland Jr., 23, of Centerville, was arrested yesterday afternoon and is expected to appear before a judge within the next 48 hours. Erin Stanley's sister Kelly Stanley, 18, was found dead in the same home six days after Erin's murder. Police have not yet released details surrounding her death.
KKK flyers discovered at Arsenal Tech
Indianapolis Public Schools and metro police are trying to determine who dropped off hundreds of KKK flyers at Arsenal Technical High School, one of the district's largest schools. The flyers contained racial slurs, death threats and ads for a so-called "revival" at the school Oct. 31. Administrators believe it could be a hoax.
Upscale residential golf community coming
Three local businessmen are planning a $100 million upscale residential neighborhood in Greenwood adjacent to Hickory Stick Golf Course. Allen Zaring and Pete Hils, founders of former local homebuilder Zaring National Corp., and Scott Estridge have formed Scott Homes LLC. The group purchased about 75 acres from National City Bank, which acquired the land out of foreclosure from several prior owners. 
| | | |
| | |
| | |
No comments:
Post a Comment