Business, Economy and Consumer Affairs

A company that provides identity protection services is sifting through the data released by hackers over the holiday weekend and they're detailing what hackers were able to steal from Stratfor, a security think tank.

If you haven't heard, hackers who claim an affiliation with the group Anonymous broke into the servers of Stratfor, made public some data and used some of the stolen credit card numbers to, in some cases, make charitable donations.

Chatham Square rental units going fast

Dec 28, 2011

A new housing complex in Lafayette is nearly at capacity. 

Brinshore Development is still building rental units at its Chatham Square community on Greenbush Street. But Senior Vice President Peter Levavi says all but a few apartments are leased.

"Of the 89 rental units, we've lease 86 of them. Forty families have already moved in and the entire project will be finished out by February. The community center is up and running. It has a great exercise room, computer lab and tot lot, and a great community room. We've already had events there."

The YWCA of Greater Lafayette has a new executive director. The board hired Debi DeBruyn for the job.

The West Lafayette resident has a long history with the organization, dating back to her involvement in the Y-Teen program.

She’s spent the past 7 years as Area IV Head Start Director, which serves Carroll, Clinton and White counties.

DeBruyn is a Purdue graduate with a master’s degree in counseling and personnel services.

YWCA Board President David Huhnke says the organization is excited to have her lead its staff and  operations.

As you know, numbers can often be looked at several ways.

There's the headline that "dozens of Kmart, Sears stores to close" and the topline news that "between 100 and 120 Sears and Kmart stores" are going to be shut down as the retailer looks to trim costs and move ahead after it endured a pretty poor holiday shopping season.

That's a lot of stores, obviously.

Vectren and its union employees have reached a new 3 year contract.

Employee-members of International Brotherhood of Electrical Workers 1393 and United Steelworkers Locals 12213 and 7441 notified the company Thursday evening they have ratified the new agreement. The company locked out union workers last week after employees rejected a contract offer.

BASi ends fiscal year 2011

Dec 20, 2011

A company in the Purdue Research Park is reporting positive results for the year.

Bioanalytical Systems, Incorporated had net income of $543,000 for the fiscal year that ended September 30th.  BASi ended the previous fiscal year with a net loss of more than $2.5 million.

President and CEO Anthony Chilton says the company generated cash, delivered revenue growth, and substantially improved bottom-line performance.  He says that happened despite a difficult economic environment and delays in certain projects.

Here's some interesting news about the car market in the United States: Citing increased competition, Honda said it is taking the unusual step of redesigning its Civic sedan months after a unveiling its 2012 model this summer.

Here's what Tetsuo Iwamura, chief executive for American Honda Motor Co., told The Detroit News:

New tenants expected at Wabash Landing in 2012

Dec 20, 2011

The former Border’s location in West Lafayette is being split up into eight retail spaces.

Wabash Landing LLC spokesperson Jim Curtis says lease negotiations are already underway for some of the spots.

In addition, two new businesses will move into the shopping complex.

Cold Stone Creamery and Rocky Mountain Chocolate will take over the Snow Bear Frozen Custard site, and Domino’s will replace Topper’s Pizza.

Curtis is hoping the city’s Redevelopment Commission can help develop a plan to bring more businesses to the pedestrian walkway.

Vectren locks out union members

Dec 16, 2011

Vectren says service to its natural gas customers will continue as normal, despite the lockout of nearly 300 employees.

Company spokesperson Chase Kelley says the move was necessary after union members rejected a new three-year contract.

She says without an employment agreement in place, union members could walk off the job at any time.

Kelley says to guarantee business as usual, Vectren felt it was necessary to put a contingency team in place.

The company serves 570,000 customers in 49 Indiana counties, including Tippecanoe.

City Bus to Build a New Transfer Station

Dec 15, 2011

City Bus is planning to open a new transfer station next year.

The transit service will move from its current location at Riehle Plaza to 3rd and North streets.

Manager of Development John Metzinger says the reason is to better accommodate riders with disabilities.

He says each bus route will have its own designated bay.

City Bus recently purchased some space from the city for its ticket office.

Once complete, all bus transfers will be done at the new facility and no longer at the current depot.

The project is expected to cost about $3-million.