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Auburn Hills, Mich.-based Chrysler LLC, which has about 6,000 workers at four plants in Kokomo, will file for bankruptcy, two Obama administration officials said today. The move would come after talks with a small group of creditors crumbled just a day before a government deadline for the automaker to come up with a restructuring plan. […]
Cummins Inc. revised its 2009 revenue and earnings outlook downward today while reporting its first-quarter profit slid 96 percent compared to the same period a year ago. The Columbus diesel engine maker posted a profit of $7 million, or 4 cents per share, down from $190 million, or 97 cents per share, a year earlier. […]
Dow AgroSciences racked up record profit and sales in the first quarter, the Indianapolis-based company’s parent, Dow Chemical Co., reported today. The agricultural arm of the Midland, Mich., company generated $338 million in earnings before interest and taxes, a 2.1-percent gain from the same period last year. Sales rose 7.7 percent, to $1.4 billion, the […]
The free Thursday off-shoot of the Indianapolis Star is once again going through a name change.
An editorial in today’s edition of indy.com says that, in the renamed and redesigned Metromix, “we’ll be hitting the topics you asked us to feature…
Last week, I offered a pair of ticket to see Sandi Patty and the Indianapolis Symphony Orchestra, Aug. 11 at the Indiana State Fair. I also asked you tell me your favorite Sandi, Sandy, Patti, or Patty. Here are some of your responses – besides the numerous Patti LuPone, Sandy-from-“Grease” and Peppermint Patty picks: Sandra […]
Indianapolis-based Duke Realty Corp. late yesterday reported first-quarter results in line with analyst expectations and detailed an ongoing plan to strengthen its balance sheet. The office, industrial and health care developer reported funds from operations – a common performance measure for real estate investment trusts – of $110.6 million, or 71 cents per share. Excluding […]
Lawmakers failed to take action on a bill last night before the General Assembly adjourned that would have given Indianapolis local taxing options to help its struggling stadium agency. The bill may have some hope if it is revived in the special session that is now necessary after lawmakers failed to pass a new state […]
The Indiana General Assembly failed to pass a new state budget before last night’s midnight deadline for adjourning, making a special legislative session certain. The Democrat-led House decided to put a Senate Republican budget proposal up for a vote with only minutes left until midnight, even though they disliked it because it cut $100 million […]
Supporters of a bill to regulate large-scale dog-breeding operations hope the legislation will have an immediate impact on so-called “puppy mills” around Indiana. Bill sponsor Rep. Linda Lawson (D-Hammond) said the bill that won final legislative approval late tonight will allow the state to start cracking down on irresponsible breeders. “It’s a great start,” Lawson […]
State lawmakers last night approved a plan designed to fix the state’s bankrupt unemployment fund. It would dramatically raise taxes on employers and make administrative changes in hopes of saving money, but it would not cut benefits. It passed the Senate on a bipartisan 46-3 vote, then passed the House 52-47 along party lines, with […]
Americans are gravitating toward the kinds of vehicles theyâ??ll be buying for the next several years, says
one of the nationâ??s leading automotive forecasters.
John Wolkonowicz, senior auto analyst at IHS Global Insight, says the dominant vehicle of the future will…
Troy, Michigan-based Noble International Ltd. informed Indiana officials today that it will close its Butler plant north of Fort Wayne by June 20 unless a buyer for the company can be found. The plant’s closing would result in the loss of 153 jobs. Noble, a supplier of steel components to the automotive industry, is […]
Indianapolis-based Indiana Supply Corp., a distributor of heating and air-conditioning equipment, has been acquired by Gustave A. Larson Co. of Pewaukee, Wis. Terms of the deal, which closed April 24, were not disclosed. Indiana Supply, based in an 85,000-square-foot facility at 3835 E. 21st St., has branches in Fort Wayne and South Bend. The company, […]
Unemployment rates rose in all of the nation’s largest metropolitan areas for the third straight month in March, with Indiana’s Elkhart-Goshen region once again logging the biggest gain. The Labor Department reported today that all 372 metropolitan areas tracked saw jobless rates move higher last month from a year earlier. Elkhart-Goshen’s rate soared to 18.8 […]
The Centers for Disease Control and Prevention has confirmed the first U.S. death from the latest human strain of the swine flu: a 23-month-old child from Texas. The number of confirmed cases stands at 71 people across the country. State health officials announced the first confirmed case in Indiana yesterday – a University of Notre […]
An Indianapolis Public Schools teacher is under investigation, accused of hitting two students. Lt. Col. Vincent Johnson, a Reserve Officer Training Corps instructor at Manual High School, has been suspended pending the outcome of investigations by the school district, police and child welfare workers. IPS officials say two boys and a girl in a ROTC […]
State legislators seem willing to give Indianapolis officials the power to raise several local taxes to help fund the city’s troubled stadiums agency. That plan, though, would force Mayor Greg Ballard to take some of the heat for increasing any of those taxes – and the task of persuading the Indianapolis Colts and Indiana Pacers […]
Indiana lawmakers will be scrambling to meet tonight’s midnight deadline for adjourning the legislative session, but differences remained yesterday over a new state budget and fixing Indiana’s bankrupt unemployment insurance fund. Negotiators for House Democrats and Senate Republicans said yesterday that they had reached a tentative compromise on a plan designed to start fixing the […]
