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Indiana Gov. Mitch Daniels said he plans to sign into law a proposal to fix Indiana’s bankrupt unemployment fund, despite calls from business leaders for him to veto the bill. The state’s unemployment insurance fund currently pays out hundreds of millions of dollars a year more in benefits than it collects in employer taxes. The […]
Auburn Hills, Mich.-based Chrysler LLC, which has about 6,000 workers in Indiana at four plants in Kokomo, will file for Chapter 11 bankruptcy protection in New York today and be eligible for up to $8 billion in federal aid, senior administration officials said today. The move would come after talks with a small group of […]
Two national radio giants with several stations in Indianapolis announced cost-saving steps this week to cope with the slumping economy. Clear Channel Communications Inc. slashed 590 positions nationwide Tuesday, on top of cuts it made earlier this year. And Atlanta-based Cumulus Media Inc. told employees yesterday that it is requiring them to take five days […]
County health departments will start receiving shipments of antiviral drugs today as officials prepare to treat possible cases of the H1N1 swine flu virus. State Health Commissioner Judy Monroe says Indiana has a stockpile of more than 850,000 antiviral drugs. The Hoosier State also was among the first to receive extra medication from a federal […]
Democratic Indiana House Speaker Patrick Bauer is blaming Republican Gov. Mitch Daniels for the need of a special legislative session. The General Assembly did not pass a new state budget by last night’s midnight deadline for adjourning the session, which will force Daniels to call a special session to get one approved. Bauer said today […]
The 500 Festival Mini-Marathon Expo launches this afternoon. The event will give organizers a chance to unveil the new 500 Festival t-shirts, and runners a chance to start picking up their registration packets. Vendors will be on hand to show off the latest gear and get Hoosiers ready for the race. The expo begins at […]
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 […]
Where do we go from here? When it comes to the Capital Improvement Board and this city’s sports facilities, it’s anybody’s guess.
About the only thing we know for sure, the CIB has called…
Evansville-based utility Vectren Corp.’s first-quarter profit rose 12 percent, to $72.8 million, despite lower energy consumption from its commercial customers, the company reported yesterday. Earnings per share of 90 cents beat analysts’ estimates by 7 cents, and were 6 cents higher than at the same time last year. Revenue declined 13.4 percent, to $795.2 million. […]
Baldwin & Lyons Inc. swung to a profit and met analysts’ expectations in the first quarter, the trucking fleet insurer reported today. Indianapolis-based Baldwin earned $5.4 million, or 37 cents per share, as investment losses eased from a year earlier. In the first quarter of 2008, Baldwin lost $4.6 million, or 30 cents per share. […]
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 […]
