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Let the sequester begin: Senate fails to block spending cuts
The $85 billion in across-the-board federal cuts are set to kick off on Friday, but will fall into place gradually over several months. The Obama administration has pulled back on its earlier warnings of long lines developing quickly at airports and teacher layoffs affecting classrooms.
PROXY CORNER: Hillenbrand Inc.
Batesville-based Hillenbrand Inc. sells burial caskets and other death-care products. The company also operates a Process Equipment Group, which makes material-handling equipment and systems.
Tangle with Huntington Bank could fell ‘Peanut King’
The company, which roasts nuts and sells concession equipment, filed for bankruptcy to stave off Huntington National Bank, which had filed to foreclose on its real estate.
Tangle with Huntington could fell ‘Peanut King’
Richard Green Sr. is called “The Peanut King,” a moniker he earned more than a half-century ago, when he operated 9,000 peanut-vending machines across seven states. Those machines, which swallowed coins in return for a handful of nuts, are long gone. But his 56-year-old Indianapolis business, the Richard Green Co.—which these days sells pretty much […]
BENNER: Bird’s faith in Lance Stephenson now looks well-placed
I guarantee he’s closely watching the team he assembled and has a trained eye on the 22-year-old.
Chrysler confirms state investment of $374 million
Chrysler Group LLC plans to invest a total $374 million and add 1,250 jobs in Kokomo and Tipton, the company confirmed Thursday.
Prosecutor: No charges in deadly ambulance crash
The Marion County Prosecutor’s Office said Thursday that no charges will be filed against the driver involved in a deadly Feb. 16 collision with an ambulance downtown. Indianapolis paramedics Timothy McCormick, 24, and Cody Medley, 22, died from injuries sustained when their ambulance was struck by a car that failed to stop for a flashing red light. The driver of that car, 21-year-old Jade Hammer, admitted to consuming alcohol before the crash, but her blood-alcohol level was found to be 0.038 percent, well below the legal limit of 0.08 percent. Curry said the Indiana Supreme Court has held that failing to stop for a red light “does not constitute recklessness as a matter of law.”
Brownsburg residents oppose indoor gun range
Several Brownsburg residents expressed concerns Wednesday about an indoor shooting range that could open near their homes. Plans for the 100,000-square-foot facility at 462 Southpoint Circle have not been submitted to the Brownsburg Zoning Board, but homeowners turned out for an informational meeting. Residents said they were worried about safety and the impact the range would have on nearby homes’ values. The project could be up for zoning approval as soon as April.
Man dies after fire guts north-side house
Investigators are trying to determine what caused a fire that quickly spread through a north-side home Wednesday afternoon, killing a male resident. Firefighters called to the 7500 block of Brackenwood Circle at about 4 p.m. found a man in his mid-60s unconscious inside, suffering from with apparent burns and smoke inhalation. He died late Wednesday at St. Vincent Hospital. Damage to the home is estimated at $100,000.
Purdue appoints Hasler to lead research foundation
Purdue University has hired a former official in Mitch Daniels' gubernatorial administration to lead the Purdue Research Foundation.
Lafayette manufacturing plant laying off 150 workers
Oerlikon Fairfield officials announced Wednesday that the indefinite layoffs will take effect March 4.
Chrysler set to announce big Kokomo-area investments
CEO Sergio Marchionne will be on hand to announce the automaker will create 850 jobs at a vacant factory in Tipton and another 400 jobs at three other plants.
Republic Airways pulls out of earnings dive
Restructuring efforts at Republic Airways Holdings spurred the regional airline operator to a fourth-quarter profit of $12.6 million, or 25 cents per share, the company announced Wednesday.
Emmis sells Slovakian radio network for $21 million
Emmis Communications Corp. has sold a national radio network in Slovakia to Germany-based Bauer Media Group for $21 million, the locally based media company disclosed Wednesday in a regulatory filing.
Hairstylists testify they agreed to share lottery jackpots
Seven hairstylists who are fighting for a share of a $9.5 million lottery prize bought by a co-worker testified Wednesday that they had all agreed to share any winnings from tickets purchased at the same time as those for an office pool.
Pence moves outside Indy to find tax cut support
Indiana Gov. Mike Pence is taking his pitch for a 10-percent cut in the personal income tax around the state after failing to lock down support for his signature legislative priority inside the Statehouse.
Reversal: Indiana jobless benefits go on past Friday
Unemployed Indiana residents will keep receiving federally extended unemployment benefits under a reversal by the Indiana Department of Workforce Development.
United Way sees promise in new CEO’s connections
Ann Murtlow has no experience running a not-for-profit, yet she is charging into the top job at one of the city’s largest charitable groups. The people who hired the former Indianapolis Power & Light Co. CEO say her connections to the Indianapolis business community are a big plus in her new role at United Way of Central Indiana.
JONES: Lessons for the 2013 IPO market from Facebook
With the Dow Jones industrial average and the Standard & Poor’s 500 index hovering at or near all-time highs, one would think the stock markets would be highly receptive to initial public offerings in 2013, even if the economy disappoints.