Lawmakers return to Indianapolis June 11 tanned, rested and presumably ready to agree upon a budget that, via gubernatorial assent or a veto override vote, will guide Indiana through fiscal 2010-2011.
The congressional committee opened its hearings with this question: Who killed the American auto industry? A long line of people waited to answer. “I did,” said the consumer who continued to buy from the Big Three, “by accepting an inferior product out of loyalty to the flag, by assuming that poor quality was the best […]
Chrysler heads back to bankruptcy court today to ask the judge overseeing its case to allow it to terminate the franchise agreements of 789 of its dealerships, despite the protests of many dealers who say the move could close their businesses for good. U.S. Judge Arthur Gonzalez is expected to hear testimony from Chrysler LLC […]
Normal 0 false false false MicrosoftInternetExplorer4 Chrysler heads back to bankruptcy court today to ask the judge overseeing its case to allow it to terminate the franchise agreements of 789 of its dealerships, despite the protests of many dealers who say the move could close their businesses for good. U.S. Judge Arthur Gonzalez is expected […]
General Motors Corp. has a tentative agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China, a person briefed on the deal said today. GM announced earlier today that it has a memorandum of understanding to sell the brand of rugged SUVs, but the company didn’t disclose the buyer. The […]
In this Quick Hits look at a competing convention city, Cincinnati boasts more convention space, but Indianapolis draws more guests.
Normal 0 false false false MicrosoftInternetExplorer4 Tony George is still the CEO of Indianapolis Motor Speedway. How much longer he holds the title remains unclear. Yesterday afternoon, track officials denied a report that the board of directors voted to oust the 49-year-old CEO and said that George has instead been asked to create a more […]
Chrysler LLC fired back at Indiana Treasurer Richard Mourdock yesterday, saying his objection to the way the Michigan-based auto maker’s Chapter 11 bankruptcy proceeding is being handled could lead to its liquidation. Mourdock, who oversees pension funds for state teachers, police officers and construction workers, said in a May 20 statement that Chrysler’s plan to […]
Chrysler LLC fired back at Indiana Treasurer Richard Mourdock yesterday, saying his objection to the way the Michigan-based auto maker’s Chapter 11 bankruptcy proceeding is being handled could lead to its liquidation. Mourdock, who oversees pension funds for state teachers, police officers and construction workers, said in a May 20 statement that Chrysler’s plan to […]
A panel of five veterans of real estate and construction provided industry insights at IBJ‘s Power Breakfast May
1 at the Westin Indianapolis.
A panel of five veterans of real estate and construction provided industry insights at IBJ’s Power Breakfast May 1 at the Westin Indianapolis. The panelists were: Mary Beth Kohart, a principal and vice president in the local office of Colliers Turley Martin Tucker; Danny Marr, a partner and principal broker for Veritas Realty; Andrew Morris, […]
A bankruptcy judge yesterday denied a motion from a pair of Indiana state pension funds and a state construction fund to delay the proposed sale of most of Chrysler’s assets, saying the funds’ plan to challenge the legality of the sale in another court wasn’t enough of a reason to push back the proceedings. U.S. […]
A bankruptcy judge yesterday denied a motion from a pair of Indiana state pension funds and a state construction fund to delay the proposed sale of most of Chrysler’s assets, saying the funds’ plan to challenge the legality of the sale in another court wasn’t enough of a reason to push back the proceedings. Normal […]
Indiana’s treasurer won’t invest any more money in the corporate debt of companies receiving federal funds after state pensions were stung by millions of dollars in losses in the Chrysler LLC bankruptcy. Treasurer Richard Mourdock says the administration of President Obama changed long-standing investment rules in the bankruptcy proceedings, causing the Indiana State Police Pension […]
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty
Corp. predicted.
Merchants Bank of Indiana, whose main office is in Carmel, books better numbers than any other Hoosier bank.
These days, many of the nation’s biggest banks need bailouts to avoid bankruptcy. But plenty of institutions far from the limelight of New York and other banking centers continue to make money and manage their affairs well. Which Indiana-based bank does it best? Merchants Bank of Indiana, whose main office is in Carmel, books better […]
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty Corp. predicted. The Indianapolis-based real estate company has been working since 2003 on Anson, its ambitious mixed-use development in southeastern Boone County. Anson could become the largest neo-urban-style community in the state. But as […]
Critics say the Legislature’s plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of the financial
burden on already ailing businesses with the least ability to pay.
REAL ESTATE Local engineering company buys former CP Morgan HQ A local company that had planned to build a new headquarters at Anson, near Zionsvillle, decided instead to buy the former headquarters of the defunct home builder CP Morgan near 96th Street and Gray Road. Performance Services Inc., an engineering and construction company serving educational […]
