Local manufacturing stalwart Allison Transmission will have to restructure its more than $4 billion in debt or further cut
expenses if it’s going to weather the recession.
Indiana’s $86M incentive package to establish the Subaru plant in Lafayette was initially controversial.
John Erlandson, 63, of Lebanon, holds the patent on a recycled-rubber pencil,
which Staples plans to start selling in June.
Contractors struggling under the weight of an unfinished factory in Tipton are hoping for a quick sale to recover at least
some of the $44 million they say they’re owed by Getrag Transmission Manufacturing.
The Indianapolis Museum of Art’s Design Center opened last October as a complement to the museum’s 20th century design collection,
which curator R. Craig Miller expects to grow exponentially.
GM workers must decide by March 24 whether to take a buyout, but the lack of jobs due to the recession coupled with the cost of health care makes their decision especially difficult.
Although family foundations may grant as little as $50,000 in a year, these foundations wield influence over other philanthropists, and one advocate says they could help guide the spending of billions of economic stimulus money.
Recently elected as a Hendricks County commissioner, Eric Wathen says his top priority is to complete the long-promised Ronald
Reagan Parkway, which would open a congestion-free path through the suburbs of Brownsburg, Avon and Plainfield.
A panel convened by IBJ discusses the lack of funding dilemma and need for broad-based support in the Indianapolis arts community.
The message that Steve Dwyer, recently retired chief operating officer of Rolls-Royce North America, is taking to central
Indiana educators is that they still need to train students for careers in manufacturing.
Some major foundations in central Indiana are narrowing grantmaking criteria so they can funnel their reduced asset streams
toward pressing needs brought on by the recession.
United Auto Workers officials are hoping to find a way to keep open the foundry that has been associated with an east-side engine plant for 70 years, despite Navistar International Corp.'s plans to close both facilities by July 31.
Sitting in gridlocked traffic along Interstate 69, Fishers residents might already think of their town as
a city. This sprawling suburb of 65,000 people certainly looks nothing like the burg of less than 1,000 it was three decades ago.
But down at the municipal government complex, Fishers is still a town, just as it was incorporated in 1891.
The Penrod Society is reeling from news that one of its top volunteers allegedly absconded with $380,000 – every penny the organization earned from its annual art fair, plus reserves. “It’s devastating news for us. It’s devastating news for the arts community,” said President Jimmy Art. The 42-year-old society stages the Penrod Arts Fair, held […]
The weakest of the Detroit Three, Chrysler LLC and General Motors Corp., said they would run out of cash in 2009, potentially
eliminating tens of thousands of jobs in Indiana alone.
Allison Transmission is urging 19 percent of its 2,200-strong hourly workforce to retire early by offering cash bonuses: $42,500 for production employees and $60,000 for people in skilled trades. The company, a former division of General Motors Corp., announced the early retirement offer last week but declined to say how much of a reduction it […]
The Arts Council of Indianapolis is leading talks with city councilors, Deputy Mayor Nick Weber and the chiefs of top cultural
organizations about how to create a bigger pot of revenue for the arts.
Allison Transmission will offer early retirement to those of its 2,200 hourly workers who are eligible in order to cope with the dramatic economic slowdown. The company plans to unveil details of the offer in meetings with employees tomorrow, and declined to say how many workers might be eligible or the size of work force […]
The Indianapolis Star, the state’s largest daily newspaper, has scaled back its roster
of critics in recent years — a reduction in coverage that put the onus on local arts promoters to get the word out through
other channels, such as blogs.
IUPUI’s Herron School of Art and Design is raising money to expand its classrooms — especially for those artists engaged
in sculpture and public projects.
