Indianapolis banker sees progress, challenges at ailing Integra
Mike Alley, perhaps more than any other banker in the state, is experiencing the pain the economic crisis has wrought on the nation’s financial institutions.
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Touted Build America Bonds may not be available for utility deal
Citizens Energy previously said not using the bonds would add about $100 million to the cost of the deal over 30 years.
Together we can reduce homelessness
Each day, hundreds of homeless men and women pass through the doors of Horizon House, the only agency in central Indiana that provides homeless neighbors with access to the services of a unique collaboration of partners—all under one roof.
SLAUGHTER: Give employees chance to break your trust
If you want the best team with the strongest commitment to ethical behavior, you must ensure they have every opportunity to lie, steal and cheat.
MARCUS: Higher aspirations built on high-speed rail
Hoosiers should discard the cloak of indifference that too many wear with pride.
Growing state welfare rolls require more workers
Secretary Michael Gargano of the Indiana Family and Social Services Administration asked the State Budget Committee this week to raise the funding for local welfare offices by 58 percent for the fiscal year that begins next July 1—and more for the following year.
USA, Indianapolis lose out on 2022 World Cup
Qatar was selected as host of the 2022 World Cup, beating out a bid by the United States to bring soccer's showcase back to America for the first time since 1994.
Death of 4-year-old investigated
Police are investigating the death of a 4-year-old Tipton boy who suffered blunt-force trauma to his mid-section, back and spine. Dylan Cast died Friday while at home with his 5-year-old sibling and his mother’s fiancé. No arrests have been made, but police say they have identified a “person of interest.”
Indianapolis man still missing
Police are searching for a missing Indianapolis man who was last seen Aug. 20. Detectives consider the disappearance of Michael Summers, 44, suspicious because he hasn’t contacted his family and has no local criminal history. His brother reported him missing Aug. 25. He was last seen at Bryant's Friendly Inn Tavern on South East Street. Police say there has been no activity on his bank account or cell phone. Anyone with information should call Crime Stoppers at (317) 262-8477.
Fire claims Westfield home, damages 2 others
A family of five lost their home in Westfield after flames ripped through it late Wednesday night. Crews were called to 561 Grabill Drive at about 11 p.m. after several neighbors noticed the fire. When crews arrived, the two-story house was engulfed in flames. Nobody was injured, but two neighboring homes also were damaged. Fire investigators are working to determine a cause.
Local GM stamping plant layoffs to begin next month
It’s official: General Motors will begin shutting down its Indianapolis metal-stamping plant Jan. 28, with an initial wave of layoffs that will cost 75 workers their jobs.
Ice Miller elects new chief managing partner
Phillip L. Bayt assumes leadership of the firm, which also elected two new deputy managing partners. Bayt currently chairs Ice Miller’s real estate practice.
UPDATE: City Market has tentative deal with longtime tenant
City Market operators have reached a tentative deal to settle a dispute with Grecian Garden’s owners after alleging the eatery was late on its rent payments for several months. Details of the agreement were not disclosed.
Credit counselor to merge with Ohio-based network
Momentive Consumer Credit Counseling Service Inc. has agreed to be absorbed by Ohio-based Apprisen Financial Advocates, as financial pressures in the industry push not-for-profit agencies to become larger.
Jobless claims tick up again
Difficulties adjusting for the Thanksgiving holiday contributed to last week’s spike in new applications, a government analyst said. The four-week moving average of claims, which smooths volatility, fell to 431,000 last week, a two-year low.
Local coatings company plans expansion, 50 hires
Locally based KECO Engineered Coatings Inc. has acquired a second location in Indianapolis where it plans to invest $1 million and hire 50 employees by 2013, the company announced Thursday morning.
Rising Medicaid costs for Indiana mean service cuts likely
Indiana lawmakers likely will cut some Medicaid-provided services in the upcoming legislative session after learning Wednesday that the state’s share of government health insurance program costs will balloon by $1.1 billion over the next two years unless checked.
North of South financing clears first hurdle
The Metropolitan Development Commission has approved an $86 million city loan to help fund the $155 million mixed-used development near the downtown campus of Eli Lilly and Co. The project still needs approval from the City-County Council.
HOLT: Regional airports can fuel economic development
Some smaller airports have excess cargo capacity.
Exports fueling Indiana business growth
Firms are taking matters into their own hands to open trade relationships overseas, developing export policies they hope will benefit themselves and their communities.