Indy Nails Lowe’s Deal

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The world's second-largest home improvement retailer is planning hundreds of jobs in central Indiana. Indianapolis Mayor Greg Ballard and Indiana Governor Mike Pence are scheduled to announce details on the project during a Tuesday morning news conference. Inside INdiana Business has confirmed Lowe's (NYSE: LOW) will announce plans for an Indianapolis call center. A source familiar with the deal says the center will be located at INTECH Park on the city's northwest side and could result in approximately 1,000 jobs. Lowe's launched as a small North Carolina neighborhood hardware store in 1946 and has grown to more than 1,800 stores in the U.S., Canada and Mexico.

The company reported fiscal year 2013 sales of $53.4 billion and earnings of $2.3 billion.

Lowe's boasts it has recorded a profit every year since going public in 1961.

Source: Inside INdiana Business