Archives
RV Manufacturer Closing Doors
(SYRACUSE) - Syracuse-based Ameri-Camp, which is owned by RV Manufacturing Enterprises has announced it is shutting down operations.
Future Of Evansville Whirlpool Plant Hazy
(EVANSVILLE) - Whirlpool Corporation has announced it is cutting approximately 5,000 jobs by the end of 2009, but it’s unclear if any will happen at its Evansville, Indiana plant.
Indy Software Company To Expand, Add 139 New Jobs
(INDIANAPOLIS) - An Indianapolis-based software company is planning to expand by building a new world headquarters and hiring 139 new employees by 2014.
Late Monday Night Football Viewings Can Affect Productivity At Workplace
(FISHERS) - Watching the Colts and Titans on Monday Night Football can be hazardous to your productivity.
PNC To Buy National City Bank
(UNDATED) - One of the largest banks in Indiana is being sold.
Another Day Of Dollar Shedding On Wall Street
(NEW YORK, NY) - The Wall Street Journal is calling it a “Global Wobble” on the front page of their website this morning.
BioTech Company Expanding To Purdue Campus
(WEST LAFAYETTE) - A West Lafayette biotechnology company is expanding its research and development efforts to advance new cancer therapies.
Casino Hotel Hosting Job Fair
(MICHIGAN CITY) - Blue Chip Casino Hotel has scheduled two job fairs, hoping to hire more than 200 people in anticipation of the January opening of its $130 million dollar expansion project.
Eli Lilly To Settle Investigation Of Zyprexa
(INDIANAPOLIS) - Drug maker Eli Lilly says it will take a $1.42 billion charge in the third quarter related to an investigation into marketing practices for the anti-psychotic Zyprexa.
GM, Chrysler Get More Serious In Merger Talks
(DETROIT, MI) - A major financial publication has reported General Motors and Chrysler are ramping up merger talks, and now, auto industry watchers and Detroit in general are biting their nails.
With Gas Prices Down, Don't Expect Food Prices To Follow
(UNDATED) - Hoosiers are enjoying cheaper gas prices, but why aren’t prices at the grocery store following suit?
Chrysler Cancels Agreement With Getrag
(TIPTON) - The state of Indiana is hoping to find another partner for a transmission plan in Tipton.
Pumpkin Business Booming For One Hoosier Family
(OXFORD) - At least one Indiana pumpkin patch says business is booming — despite a downturn economy.
Chamber Wants Businesses To Be "Quakesmart"
(EVANSVILLE) - The Chamber of Commerce of Southwest Indiana wants to get a jump start on any earthquake that may hit the region again.
Prices Drop At The Pump For Hoosiers
(UNDATED) - With crude oil futures prices ending last week around 72 dollars a barrel, Hoosiers are paying less than three dollars a gallon for gasoline.
Report: State Drops 4 Spots In National Poverty Ranking
(UNDATED) - A national report indicates 25% of jobs in Indiana are in occupations that pay below the federal poverty line.
Retail Sales Take Bigger-Than-Expected Dive
(UNDATED) - Retail sales dropped last month 1.2%. It is the biggest decline in two years and a bigger decline than analysts had expected.
Vuteq Corp To Expand To Gibson County
(PRINCETON) - Vuteq has unveiled plans to build a $24-million dollar facility in Gibson County.
Study: 25 Percent Of Hoosiers Working Below Federal Poverty Line
(UNDATED) - A national report indicates 25-percent of jobs in Indiana are in occupations that pay below the federal poverty line.
Really Cool Foods To Expand In Eastern Indiana
(CAMBRIDGE CITY) - A natural and organic prepared foods company started in New York four years ago is moving its national production headquarters to Eastern Indiana.
Cummins May Be Biggest Buyer Of IFC Stock Offering
(COLUMBUS) - Irwin Financial Corporation says they’ll offer $50 million in rights offerings to shareholders as part of the company’s restructuring.
State Holding Job Fair To Fill Government Positions
(INDIANAPOLIS)- The State of Indiana is hosting its first-ever job fair this week.
Transmission Company "Stunned" By Chrysler Lawsuit
(TIPTON) - Getrag Transmission Manufacturing Chief Financial Officer James Sheehan says the company is “stunned” by the recent lawsuit from Chrysler regarding its agreement to supply transmissions and related financing in developing the new plant in Tipton.
Consultant: Wait And See On Financial Bailout
(INDIANAPOLIS) - An Indianapolis financial consultant says, while Monday’s big gain on Wall Street was significant, it’s still not complete because the credit markets weren’t trading… so today will be a better day to tell if this is something that’s going to last long term.
Schwarz Pharma To Expand In Seymour
(SEYMOUR) - A pharmaceutical manufacturer in Seymour is expanding its Indiana operations.
Daniels Not Surprised Bailout Hasn't Sparked Instant Turn
(UNDATED) - The financial markets are coming off their worst week in 21 years, despite a $700 billion emergency bailout which Congress and the White House hoped would stop the bleeding.
Company Laying Off Mishawaka And New Carlisle Workers
(UNDATED) - Rhode Island-based Scott Brass has informed the Indiana Department of Workforce Development that it is planning layoffs at its facilities in Mishawaka and New Carlisle.
Can Indiana Cover Increasing Number Of Unemployment Claims?
(UNDATED) - A CNN report says the State of Indiana may be one of several states that will run out of cash for unemployment insurance in 2009.
Credit Crunch Crushes Plans To Build Ethanol Plant In San Pierre
(SAN PIERRE) - An ethanol fuel company has decided it won’t build a $62 million plant in Starke County due to the tight credit market.
Italian Manufacturer Moving Headquarters To Yorktown
(YORKTOWN) - Governor Mitch Daniels says an Italian manufacturer of wind turbine components is moving their U.S. headquarters to Delaware County near I-69.
Hoosier Housing Market Can Bounce Back, Says Expert
(UNDATED) - Has the American dream of owning a home gone sour? The economic downturn has put the housing market in a crisis.
Lilly Settles Zypreza Complaint For $62M
(INDIANAPOLIS) - Pharmaceutical maker Eli Lilly will pay $62 million to end an investigation into its marketing and promotional plan for the anti-psychotic drug Zyprexa.
Study Finds Minimum Wage Not Linked To Hurt On Jobs
(BLOOMINGTON) - You’ve heard the argument before: Raising the minimum wage hurts job creation.
Credit Crunch Is Crushing Hoosier Car Sales
(UNDATED) - It’s no surprise the downturn economy is having a negative effect on Indiana car dealerships.
Italian Company Set To Hire 400 Muncie Workers
(MUNCIE) - The city of Muncie will be getting hundreds of new jobs.
Business Leaders Meet To Discuss Economic Crisis
(INDIANAPOLIS) - A panel of Indiana financial experts gathered in Indianapolis Monday night to discuss the country’s “economic crisis”.
Bedford Company Wants To Make Workers Financially Literate
(BEDFORD) - Are you worried about money? Most people, generally speaking are, if they’re worried about much of anything.
Hoosier Retailers Face Worst Holiday Season In Years
(WEST LAFAYETTE) - Retailers are bracing for their worst holiday season in more than 15 years.
Indiana Chamber Of Commerce Urges Action On Financial Crisis
(UNDATED) - The Indiana Chamber of Commerce is urging federal lawmakers in the state to “swiftly and decisively reach agreement” on a plan to stabilize the financial system.
Columbus Company To Sell Soy Toner
(COLUMBUS) - Red Oak Industries is offering Soyprint, the first laser printer cartridges using toner powder derived from soybeans.
Eli-Lilly In Talks To Purchase ImClone
(INDIANAPOLIS) - Indianapolis-based Eli-Lilly is in advanced talks to purchase ImClone.
Chamber Urges Lawmakers To Stabilize Financial System
(UNDATED) - The Indiana Chamber of Commerce is urging federal lawmakers in the state to “swiftly and decisively reach agreement” on a plan to stabilize the financial system.
Government Honors Long Lasting Businesses
(UNDATED) - Economists have warned businesses could go bankrupt if the government doesn’t find a way to relieve a tightening credit crunch. The state has honored 87 Hoosier businesses who have seen it all before.
How Hoosier Businessmen Are Dealing With Wall St. Fallout
(INDIANAPOLIS) - Lawmakers continue to negotiate an economic bailout of Wall Street. A plan was on the table, but was rejected by the house earlier this week.
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