View as web page , View as PDF
 |
 |
 | | | |
 DJIA 11,537.9 -121.6 / S&P 500 1,286.7 -11.5 / NASDAQ 2,413.1 -21.4
 |  |  Tonight: Clearing and nice. Low 62. Tomorrow: Lots of sun, warm. High 86.
| |
|  Monday, August 18, 2008 |
|
Layoffs to hammer salaried Delphi employees
Delphi Corp. said today that it will lay off 600 salaried employees in its Electronics & Safety Division as part of an effort to cut costs by 25 percent. It said the layoffs will fall heaviest on its Kokomo operations, where about 2,500 of the division's 3,340 salaried employees are based. 
Duke shuttering retail real estate unit
Locally based Duke Realty Corp. is leaving the retail real estate business to focus on its bread-and-butter industrial, office and health care developments. The move will eliminate about six jobs, said company spokesman Joel Reuter. The company's retail properties represent only about 1.5 percent of its nationwide portfolio, but it has worked on some high-profile local projects-including West Carmel Marketplace along Michigan Road, and Marketplace at Anson. Duke has partnered with Grubb & Ellis Harding Dahm & Co. to develop the remainder of the Anson space, but is looking to sell other retail properties it holds across the country, Reuter said.
|  | | | |
|  |
Indiana Farm Bureau sponsoring Colts facility
Officials of the Indianapolis Colts and Indiana Farm Bureau Insurance said today that they have agreed to a multi-year deal to put the insurer's name on the team's 56th Street training complex. Terms were not released, but the Colts signed a similar deal in 2000 with Union Federal Bank that team sources said at the time was worth $1 million annually.
New list highlights 50 'Companies to Watch'
Nearly half of the 50 businesses on a new "Companies to Watch" list compiled by the state and three other partners are in the Indianapolis area. The list of companies with potential to grow includes Angel Learning Inc., ChaCha and Midwest Toxicology. The list, unveiled today by the Indiana Economic Development Corp., is intended to recognize businesses with as many as 150 workers and $750,000 to $100 million in annual revenue or working capital.
Court to review casino money case
The Indiana Supreme Court has agreed to hear a lawsuit filed by the state attorney general seeking to force a development group that has received $16 million in casino subsidies to open its books. The Indiana Court of Appeals and Marion Circuit Court earlier ruled in favor of East Chicago Second Century Inc., finding the private company does not have to account for the casino money it has received since 1997. "The public deserves to know what happened to this money," Attorney General Steve Carter said in a news release.
Schwab's local employment back on upswing
Charles Schwab & Co. is adding local workers again after retrenching a few years ago. The San Francisco-based company plans to create as many as 300 jobs by 2013 at its regional client center, the Indiana Economic Development Corp. said late last week. The center will move from Fishers to a larger location in Woodfield office park on Indianapolis' north side.
Southern Indiana landmark eyed for redevelopment
The closed Colgate-Palmolive toothpaste factory could be renovated into condominiums, shops, restaurants and perhaps a hotel and convention center with views of downtown Louisville, Clarksville's top redevelopment official says. At least three developers are interested in buying the 52-acre site, and a sale might be imminent, redevelopment director Rick Dickman said, declining to identify the interested parties. "The vision is a place to live, work and play" that would have a major impact on the community, he said.
Indiana Toll Road collectors reject contract offer
Indiana Toll Road collectors have voted to reject a contract offer from the private operator that runs the roadway. Members of four locals of the International Brotherhood of Teamsters voted against the contract late last week. Vote totals were not released. Union leaders will meet soon with members who collect tolls along the 157-mile highway in northern Indiana to find out why they voted against the contract.
| | | |
|
Parts of state already seeing doctor shortages
Some parts of Indiana may already be experiencing a shortage in doctors that is expected to hit the rest of the nation in coming years. Rural and inner-city areas tend to attract fewer doctors and could be hardest hit, said Heidi Dunniway, president of the Indianapolis Medical Society. In some rural Indiana counties, there are no doctors specialized in delivering babies, she told The Times of Munster. "Lacking anyone doing obstetrics, women are having to drive to a different county to deliver their babies," she said.
Indiana company fashions limestone replicas
A southern Indiana limestone company has carved five ornate stone panels to replace worn out originals that graced The New York Times' former headquarters for a century. Angelo Stone Co., which is headquartered in Bedford, learned six weeks ago that it had won the job to recreate the deteriorated century-old originals lining a large square entranceway at The Times' old office building. Limestone carver William Galloway and his co-workers had four weeks to make four panels depicting griffins - a mythical beast that's half bird and half lion.
|  | | | |
| | 
Overdosing on the Beatles?
A glut of Fab Four sing-and-look-alikes are coming to town. Lou Harry's A&E
Appraisers' role in the meltdown
A new investigation points fingers at appraisers. NewsTalk Billboard blight or billboard rights?
City planners are fighting plans for an electronic billboard. Property Lines Colts use creativity to ring in cash
Farm Bureau deal shows team way ahead of NFL curve. The Score
From IBJ staff - Compiled by Norm Heikens
Funeral held for world's tallest woman
Family and friends gathered at Shelbyville's Town & Country Christian Church this morning to remember the life of the world's tallest woman. Sandy Allen, 53, died Wednesday in a Shelbyville nursing home. The 7-foot, 7-inch Hoosier appeared in several films but also used her height to talk to kids about accepting differences. Fox 59 will have more at 10 p.m.
3 shooting victims won't talk to police
Indianapolis police say three people shot at 5:30 this morning at 3753 N. Meridian St. refuse to talk. Anthony Barbee, 21, Kelvin Drake, 21, and William Bradley, 18, were taken to a local hospital in serious but stable condition. Officers closed northbound lanes between 37th and 38th streets as they searched for the shooter or shooters. Officers think they found cocaine on one of the victims.
Two shot at northeast-side apartment complex
Two people are in the hospital after a break-in and shooting this morning at Oaktree Apartments in Lawrence. Officers say someone broke into a unit that was occupied by two people. One resident said an exchange of gunfire followed. Two people were hit, including a possible suspect. Officers say the victims did not suffer life-threatening injuries.
Soldiers head to Kansas for training
A departure ceremony was held this morning for local soldiers heading to Kansas. Embedded Training Team 55 was honored at the 38th Infantry Division Armory in Indianapolis. After training at Fort Riley, the soldiers will be deployed to Afghanistan, where they will support and mentor Afghan forces.
World-class challenge
IUPUI sports facilities that helped Indianapolis establish its reputation as an amateur sports mecca are in need of millions of dollars in upgrades.
Ex-exec suing Wellpoint
A former WellPoint Inc. executive is suing the company, charging it forced him out after he tried to curtail a drugmaker's controversial pricing strategy that was costing WellPoint money.
Lucas plea: Don't call it 'The Luke'
Lucas Oil Co. founder Forrest Lucas says using the nickname benefits another oil company with a similar name.
| | | |
|
| |  | | | | n 52 weekly issues plus annual Book of Lists (valued at $35.00)
n News, people, analysis and trends of the business community
n More than 30 special interest publications
n And much, much more | | | | | Click HERE for Bonus Subscription Offer | |
| | | |
| | |
| | |
No comments:
Post a Comment