Two of Japan’s largest automakers are considering building parts inventories to prevent suppliers from sliding into bankruptcy, according to Bloomberg News. Toyota Motor Corp., which has operated under the lean, just-in-time system since 1938, as well as Honda Motor Co. fear that the struggles of Detroit automakers could result in many parts makers going out […]
Car buffs aren’t letting negative news about the economy keep them away from the 2009 Indianapolis Auto Show. Attendance is running about even with last year’s show, said Marty Murphy, executive vice president of the Indianapolis Automobile Trade Association, the dealer group that sponsors the show. Last year, the seven-day event attracted 230,000. This year’s […]
Critics were lined up to oppose Gov. Mitch Daniels’ plan to streamline
local government almost before he left the podium Dec. 19. Big surprise.
Spotlight on a local not-for-profit’s programs and finances.
Shareholders of both companies today approved the $5.6 billion merger between National City Bank and PNC Financial Services Group Inc., formally sealing a deal that is expected to close Dec. 31.Pittsburgh-based PNC announced plans to buy National City on Oct. 24, with help from a $7.7 billion infusion from the federal government’s financial industry bailout plan.The merger […]
Jim Cramer, the host of CNBC’s “Mad Money” television show, said yesterday that Eli Lilly and Co. stock is “one that will help investors sleep at night” because of its 5.2 percent dividend yield, which he called “juicy.” The popular TV host has shied away from Lilly in the past because of the company’s huge […]
The editor and senior vice president of the Baltimore Sun will join the Indiana University School of Journalism in January to direct a new sports journalism program in Indianapolis and Bloomington.Tim Franklin, who graduated from IU in 1983, served as a jurist for the Pulitzer Prize in 2006 and 2007 and was previously editor of […]
Steak n Shake Co. has recorded its 14th consecutive quarter with a same-store sales decline. The locally based chain reported a 1.4 percent drop in same-store sales for the first quarter, which ended Dec. 17. The chain saw its revenue fall 6.7 percent in fiscal 2008, for a fiscal year loss of about $23 million. […]
November was another bleak month for the Indianapolis-area housing market, with the number of units sold tumbling 29 percent compared with a year earlier. Sales in the 13-county Indianapolis area totaled 1,448 for the month, compared with 2,028 in November 2007, according to the Metropolitan Indianapolis Board of Realtors. The latest month was weak by […]
Property-tax caps should help Hoosier homeowners save a bundle next year.
If the city is serious about continuing to use amateur athletics as an economic tool, more collaboration among the university,
city leaders and sports organizations is clearly needed.
The Indianapolis Indians made $1.23 million this year on $8.7 million in revenue, according to the publicly traded company’s
most recent financial disclosure.
Apartment developer Christopher Piazza has closed on financing for a $1.2 million renovation of a 1914 apartment building
in Irvington.
This fall, Brooke’s Place used a $100,000 gift from the Levin Living Trust to start individual counseling.
Paul Hunt, a partner with Barnes & Thornburg, recently decided to pay seven months’ studio rent for two artists at Harrison
Center for the Arts. And the Columbia Club on Monument Circle is looking for new members.
State and federal highway agencies have approved the final environmental impact statement for the 13-mile rebuilding of U.S.
31 from Interstate 465 to 216th Street.
Sen. Evan Bayh’s campaign efforts on behalf of Barack Obama may soon pay off for Indiana’s alternative power industry. A Bayh spokeswoman said the Democrat will stage a press conference at 1 p.m. at Indianapolis Motor Speedway. He’s expected to announce efforts to secure part of President-elect Obama’s economic stimulus package on behalf of Indiana’s […]
People who want to position themselves for the best jobs in the Indianapolis area through 2016 would do well to bone up on technology. The Indiana Department of Workforce Development says in its annual Hoosier Hot 50 jobs forecast that computer software engineers will offer the best combination of job growth and high wages. In […]
Maarten van Wijk, the general manager hired by The Columbia Club in 2007 to polish its lackluster operations, has been lured back to Hershey, Penn. Club President Gregory Harris informed members of van Wijk’s impending departure in a Dec. 9 letter. “While it is a great disappointment that Maarten is leaving, I am pleased that […]
A New York state developer that proposed a recreation and entertainment complex near Daleville a year ago is still pursuing the project. This time, according to The Star Press of Muncie, the complex would be located farther north of the town but still close to Interstate 69. Daleville is between Anderson and Muncie. Developer Joe […]
