You-review-it Monday
There was a lot to choose from this weekend.
Did you pick Hubbard Street Dance or David Byrne at Clowes? Or Gregory Hancock’s “Oh My Goth”? Stop in at the Indianapolis Symphony Orchestra, the Indianapolis Museum of Art, or the…
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Daniels drops lottery privatization plan
Gov. Mitch Daniels said today that he is dropping the idea of privatizing the Hoosier Lottery as an option of funding a college scholarship program after the U.S. Department of Justice said such a move would not comply with federal law. The Oct. 16 opinion, which Daniels’ office said was requested by Indiana and New […]
Markets down after another rough week
Wall Street has ended the week with another sharp loss, joining stock markets around the world that fell on the growing belief that a punishing economic recession is at hand.It was a dramatic day, with the Dow Jones industrials falling more than 500 points soon after trading began, and – following the pattern of recent […]
Titans turn Polian’s policy on Colts
The Tennessee Titans are willing to pay what the Indianapolis Colts would not for three players, and now hope to use the trio against the AFC South rival Colts when the teams square…
UPDATE: Local NatCity branch layoffs unlikely
Layoffs are unlikely for employees of National City Corp.’s 77 Indianapolis-area bank branches, but back-office employees may be at risk after the Cleveland-based bank agreed today to sell itself to a Pittsburgh bank, observers say.National City, the second-largest bank in the Indianapolis area, agreed to be absorbed by PNC Financial Services Group Inc. in a […]
UPDATE: Stocks drop in early trading
Wall Street joined world stock markets in a precipitous plunge today, with the Dow Jones industrials dropping more than 400 points in the opening minutes of trading. The growing belief that the world will suffer a punishing economic recession has investors furiously dumping stocks.The massive decline was caused by increasingly grim news from overseas. In […]
National City Bank to be sold for $5.6B
Cleveland-based National City Corp., the second largest bank in the Indianapolis area, has agreed to sell itself to a Pittsburgh bank in an all-stock deal that values National City at just $2.33 per share.The $5.6 billion deal with Pittsburgh-based PNC Financial Services Group Inc. will create the nation’s fifth-largest bank by deposits and fourth-largest by […]
Emptying the arts notebook
Today, some random notes from around the arts world:
–Chris Jones at the Chicago Tribune has an interesting item today about customer service in theaters. See it here. Have you had any overwhelming negative or positive experiences from the front-of-the-house…
Aussies petition IRL to stay
The Indy Racing League is being greeted with much fanfare in Australia this week, but it remains doubtful the open-wheel series will return to race at Surfer’s Paradise next year.
The first two days…
Plunge freezes Dow Jones futures trading
Wall Street headed for another precipitous drop today as fears of a punishing global recession stirred panic among investors and sent world financial markets into a tailspin. The Dow Jones industrial average futures were down 550 points, triggering a freeze in selling.The massive decline was caused by increasingly grim news from overseas. In Japan, shares […]
United Way CEO: merge nonprofits
As the economy slows and money gets scarce, banks arenâ??t the only organizations that should consider merging.
Thatâ??s how United Way of Central Indiana CEO Ellen Annala sees the landscape.
The Indianapolis area has a whopping 16,000 not-for-profits, she says, one for…
Investment losses hurt Conseco earnings
Conseco Inc. expects its improving profits from operations to be overwhelmed by investment losses when it reports its third-quarter results next month. The Carmel-based insurance company, in a preliminary report, said it expects quarterly operating profit of $53 million to $59 million before investment losses, a rebound from last year’s third quarter loss of $22 […]
Community loses potential Corley successor
One of the internal candidates to replace Community Health Network CEO Bill Corley has resigned to take a new job. Mark Dixon will leave Community on Nov. 14, the Indianapolis not-for-profit hospital organization announced yesterday. Dixon essentially was the No. 2 officer at Community, overseeing its three Indianapolis hospitals. Dixon, who joined Community Health Network […]
Ford exec chats up FFA conventioneers
While presidential contender Sen. Barack Obama was campaigning for “change” eight blocks away at the American Legion Mall today, Ford Motor Co.’s VP of sales and marketing was in Indianapolis in a campaign of sorts at the National FFA Organization convention. Kenneth Czubay arrived downtown to accept an award from the Indianapolis-based organization on behalf […]
Study: Area residents support mass transit
A study released yesterday by the Greater Indianapolis Chamber of Commerce and the Metropolitan Indianapolis Board of Realtors shows widespread interest in expanding mass transit in the area. More than three of four respondents in all nine counties surveyed – even largely rural Hancock and Shelby – said they saw a need for improved mass […]
Republic agrees to US Airway loans
Indianapolis-based passenger carrier Republic Airways Holdings Inc. said today it has agreed to loan US Airways Group Inc. as much as $35 million. Republic offered an initial, $10 million loan, on Oct. 20, and has made available an additional $25 million in the first quarter of 2009. Republic flies smaller jets for US Airways, headquartered […]
UPDATE: ITT shares boom on earnings report
Stock in ITT Educational Services Inc. shot up 6.7 percent this morning, to $77.67 a share, after the Carmel-based technical school operator reported a 26-percent increase in third quarter profit. Net income rose to $50.2 million, and enrollment of new students soared more than 19 percent above the same period last year, as students returned […]
Crean goes off court with recruiting
IU basketball coach Tom Crean is turning out to be quite a recruiter. And I’m not talking about basketball. Crean, who has already been named to the committee responsible for finding a short…
Haunt-ing for real reporting
This is the time of year that otherwise respectable news outlets begin publishing or broadcasting stories about haunted houses–not just the “guy jumps out at you with a chainsaw” haunted houses but also the allegedly real ones.
Problem is, many of…