INSIDE INDIANA BUSINESS: Rolls-Royce announces reductions

2014-01-09T12:17:00Z 2014-01-09T19:04:12Z INSIDE INDIANA BUSINESS: Rolls-Royce announces reductionsGerry Dick Inside Indiana Business nwitimes.com
January 09, 2014 12:17 pm  • 

Rolls-Royce Announces Reductions

Rolls-Royce is offering voluntary separation packages to workers in its global defense group, which includes operations in Indianapolis. Rolls-Royce Defense President Tom Bell says customers are dealing with reduced defense budgets and are "demanding greater efficiencies." He also says the reductions are an indication of an increasingly competitive market. The company says about 400 global positions will be affected by the decision and most of the reductions will be in Indianapolis.

Marsh to Close 8 Stores

Indianapolis-based Marsh Supermarkets is planning to close eight stores this month. The company says the decision is based on declining customer bases and some expiring leases. Marsh says it is the first step in a three-year plan to position the company for "growth and profitability."

Fort Wayne Outlines 2014 Convention Lineup

Fort Wayne says it will host more than 100 conventions and athletic competitions in 2014. Visit Fort Wayne Chief Executive Officer Dan O'Connell expects the events to draw tens of thousands of visitors and generate an economic impact of more than $32 million. He says several of the events are new to Fort Wayne, including the Indiana Republican State Convention and the State Wars Roller Hockey Tournament. O'Connell says attracting sporting events will continue to be a major part of the city's strategy.

College Football Teams on Most Valuable List

An Indiana University-Purdue University Columbus finance professor has released this year's list of the most valuable college football programs. Three schools from Indiana are again among the top 50 in the country on Ryan Brewer's annual ranking.

Former Newspaper Publisher Dies

A former publisher of The Journal Gazette in Fort Wayne has died. Richard Inskeep joined the newspaper in 1949 and served as publisher for 23 years. The Bluffton native and Indiana University graduate was 89.

Cancer Center Lands Major Funding

The Fort Wayne-based Vera Bradley Foundation for Breast Cancer is donating $15 million for research. The gift supports laboratories located at the Indiana University Melvin and Bren Simon Cancer Center in Indianapolis and will fund a training scholarship for scientists and physicians.

State Names Poet Laureate

The Indiana Arts Commission has named George Kalamaras Indiana State Poet Laureate. He has been a professor at Indiana University-Purdue University Fort Wayne since 1990.

Allstate Adding Indiana Jobs

The Allstate Corp. hopes to add 84 jobs this year in Indiana. The insurer has announced plans to hire more than 20 new agency owners and dozens of sales professionals.

University Chancellor to Take Part in CES

The chancellor of WGU Indiana will participate in an event today at the International Consumer Electronics Show in Las Vegas. Allison Barber will be part of a panel discussion titled "Is College as We Know It Obsolete?"

Kroger Completes Indy Store Renovation

Ohio-based The Kroger Co. has re-opened an Indianapolis store after a nearly $2 million renovation. The upgrades include a new pharmacy and improved produce and floral departments.

USI Continues Health Center Push

The University of Southern Indiana is opening a third community health center in Evansville. The center is a partnership among USI, the Evansville Vanderburgh School Corp. and HOLA, a nonprofit Latino community outreach organization.

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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