Another renovation proposed for City Market
Indianapolis officials are proposing a $2.7 million renovation of the downtown City Market, three years after the last major
renovation failed to boost business.
IBJ Staff and Associated Press
Articles
Indiana, IBM sue each other over welfare contract
IBM says it is owed nearly $53 million in fees and equipment expenses under the 2006 contract. The state says in its lawsuit
that it has paid $437 million to IBM and has received “minimal value” in return.
Report: Indiana faces $3.6B cost for health overhaul
Committee Chairman Sen. Luke Kenley says it's "vital" for state officials to get a handle on the fiscal impact
of the health care changes as they begin the early stages of putting together the next two-year state budget.
State’s largest pension programs get new leader
Steve Russo was chosen Monday as executive director of both the Indiana Public Employees' Retirement Fund and the Indiana
State Teachers' Retirement Fund.
Simon shares surge despite failed General Growth deal
Simon’s rise suggested investors believe the company will be just fine without General Growth Properties Inc., the Chicago-based
rival it had been pursuing for months.
Wine distributor plans Greenwood warehouse
Southern Wine & Spirits plans to spend about $4 million to open a warehouse in central Indiana with more than 50 workers.
United, Continental agree to combine in $3B deal
At Indianapolis International Airport, United accounts for 7.2 percent of passenger traffic and Continental accounts for
5.8 percent, a total of 13 percent, according to March figures from the airport.
Medco Health profits climb as it adds big clients
Medco, which operates a major pharmacy and distribution center in Whitestown, got a boost from higher prices on brand-name
drugs and from greater sales of more profitable generic drugs.
Dow AgroSciences’ profit rises despite lower revenue
The Indianapolis unit of Dow Chemical sees quarterly profit rise 6 percent, to $384 million, despite an 8-percent dip in revenue.
The parent company reports strongest quarterly results in more than a year.
Sallie Mae’s job cuts spare Indiana, at least for now
Sallie Mae says a new law that cuts banks out of the federal student-loan business is costing 2,500 workers their jobs in
Florida and Texas, but the cuts won’t hit Indiana in 2010.
Washington university president to lead NCAA
The NCAA executive committee selected University of Washington President Mark A. Emmert to lead the national association
that oversees college sports. Emmert, who is expected to start work by Nov. 1, replaces the late Myles Brand, who died of
pancreatic cancer in September.
UPDATE: GM fuel-efficiency push means jobs in Bedford
General Motors plans to invest $111 million and add 245 new jobs at a plant in Bedford as part of a larger effort to make
its fleet more fuel-efficient.
PNC Financial’s quarterly profit falls on bailout repayment
PNC Bank has about 80 bank branches and 1,100 employees in the Indianapolis area, all doing business under the National City
name.
Expansion set for Camp Atterbury training site
The proposed plan will expand the Indiana National Guard's Camp Atterbury, bring economic development to south-central
Indiana, and open a new fish and wildlife area in Putnam County in western Indiana.
Hundreds show interest in jobs at police car maker
Company executives told those at Monday’s information sessions that many jobs will require an associate’s degree in engineering
and computer literacy to operate assembly-line machines.
Purdue signs Painter through 2016-17 season
Purdue announced Friday that the new contract gives Matt Painter a $1.3 million base salary, plus up to $1 million of incentives
for academic, athletic and attendance performance.
Airport chief faces subpoena for Florida work
Jacksonville Airport Authority spokesman Michael Stewart confirmed Thursday that investigators subpoenaed calendars, time
sheets and leave records for former airport chief John D. Clark III.
Final Four finally gives Butler reason to party
About eight hours after Butler beat second-seeded Kansas State 63-56 to reach the first Final Four in school history, the
Bulldogs returned home to a large crowd and loud cheers.
Indiana unemployment rate ticks up to 9.8 percent
The state’s jobless rate has been either 9.8 percent or 9.7 percent the past four months.
Formula One boss eyes New York for grand prix
Bernie Ecclestone appears to be interested in widening the racing series' reach in the U.S., with recent negotiations
to return to Indianapolis and now wishing aloud for a New York-based grand prix.