Toyota workers offered buyouts
PRINCETON — Toyota Motor Manufacturing Indiana Inc. is offering voluntary buyouts to employees as the automaker continues to deal with the weak economy. The facility in Princeton will also implement a salary freeze “for the foreseeable future,” as part of overall cost reductions at Toyota’s North American manufacturing plants.
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Two employers shut down Indiana plants
NOBLESVILLE — Two companies have finalized plans to shut down their Indiana operations. Firestone Industrial Products Co. and Keystone RV Co. have filed notices with the state for the closures. Two-hundred thirty-eight Firestone workers in Noblesville and 265 Keystone workers in Goshen and Howe will be affected as part of previously announced job reductions.
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I&M; purchasing more wind energy
BENTON COUNTY — Indiana Michigan Power is preparing to purchase another 50 megawatts of wind energy from the Fowler Ridge Wind Farm in Benton County. The company says it is working on a 20-year agreement that would begin in January 2010. I&M; has already purchased 100 megawatts from Fowler Ridge.
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Games could bring rail investment
MERRILLVILLE — A conference next month in Merrillville will take a critical look at Midwest transportation needs if Chicago lands the 2016 Summer Olympics. Organizers of the 10th annual Golden Spike Seminar believe the Olympics could provide the “stimulus” to fund a proposed passenger rail system in the Midwest.
Indiana High Speed Rail Association Vice President Dennis Hodges says transportation would be “paramount” to the Olympics’ success. International officials will also speak to highlight the positive impact rail transportation is having on their nations' economies.
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Terre Haute loses one, wins another
TERRE HAUTE — The president of the Terre Haute Chamber of Commerce says the announcement by Boral Bricks to temporarily stop production comes as a surprise. Rod Henry says it is a reflection of the downturn in the U.S. housing sector. He says the company remains committed to its $60 million investment in Terre Haute. Henry says the decision follows another announcement that should be a significant boost for the city's downtown area.
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Job applicants flood Holiday World park
SANTA CLAUS — Holiday World & Splashin’ Safari in Santa Claus says it has received nearly two-and-a-half times the number of job applications compared to this time last year. The family entertainment venue has held several job fairs to help fill more than 2,000 seasonal openings. Holiday World opens for the season on May 2, and Splashin' Safari opens May 15.
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Gerry Dick’s Inside Indiana Business briefs appear Wednesdays, Fridays and Sundays in The Herald Bulletin. For more on these stories and more Indiana business news, visit Insideindianabusiness.com.
Local Business
Gerry Dick's Indiana Business Briefs
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Gunman robs Old National Bank
A gunman escaped with money from a southside Anderson bank Tuesday afternoon.
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Emmett Dulaney: The tragedy of the insurance commons
In basic economics, students often hear of the concept of “the tragedy of the commons.” In overly simplistic terms, this is a situation in which many individuals share a limited resource.
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Report: Hoosier Park leaves economic mark on county
Tourism has become big business in Madison County and Hoosier Park Racing & Casino is the star attraction, concludes a recent report from the Anderson/Madison County Visitors & Convention Bureau.
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Call answered decades later
Ron Cross' family and friends thought he was crazy for quitting a well-established career, but Cross thought there was something better out there for him. And he wanted to set a good example for his children — now 17 and 24 — by going to college.
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Gerry Dick Business Briefs: Feb. 5
A compilation of business news items of local and statewide interest, provided by writer Gerry Dick.
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'Big Joe' Clark: Housing market yet to bottom out
As housing prices slow their massive drop from the highs we saw in 2006, economists and market analysts alike want to have their voices heard when they call for a bottom in the housing market. It just isn’t time yet.
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Rivals back home, friends here
Football fans began arriving here for Super Bowl XLVI on Friday, bringing together complete strangers, families and old fraternity buddies.
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Members accuse city union treasurer of stealing
Over $30,000 in dues is missing from a city union, according to two members.
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Muncie business sells football-shaped windows
Small-business owner Pat Smith says she created the Sports Collection of Windows and Doors to give back to an organization that saved her son’s life.
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Susan Miller: Big names contradict first-born advantage
Perhaps you’ve heard the stories about birth order and success in life. You know the stories that say first-born and only-children tend to rise to the top in life and in business.
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