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Indiana economy is cooling off
An Indiana University index suggests growth will slow in coming months, but stops short of predicting another recession.
Key city highway to be closed for beautification project
Commuters and truckers could get an all-day headache when Interstate 70 closes in October to allow Eli Lilly and Keep Indianapolis
Beautiful to spruce up part of the city.
UPDATE: Patent expirations overshadow Lilly profits
Investors are focused on whether Eli Lilly and Co. can continue dividend payments when patent expirations hit in the new few
years and whether the company's drug development pipeline can replace lost revenue.
BP donates to Indiana candidates, some return cash
BP's employee political action committee donated nearly $24,000 to Indiana legislative candidates in June, but not everyone
wants to cash the checks after the biggest offshore oil spill in U.S. history.
Elevated jobless claims point to weak labor market
The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that
drop was driven by temporary seasonal factors and not an improving job market.
Plans for $32M development near Herron-Morton Place neighborhood move forward
A $32 million plan to replace a troubled low-income housing project at 16th Street and Park Avenue cleared a final hurdle
Wednesday at
a hearing of the Metropolitan Development Commission. Check out renderings.
Federal government asking questions about lease deals
The federal government is asking questions about how the Indiana Family and Social Services Administration handles office
leasing after an IBJ investigation raised questions about potential conflicts of interest.
Carpenters union to unveil new training facility
The recent dearth of construction activity has been an opportunity of sorts for the Indiana-Kentucky Regional Council of
Carpenters: During the slowdown, the trade group built a $13 million
training facility and administrative building in Greenwood.
ITT Educational posts profit, raises forecast
The Carmel-based operator of for-profit colleges saw its profit increase to $96 million in the second quarter, while enrollment
jumped 10 percent.
Lilly’s second-quarter profits surge 16 percent
Indianapolis-based drugmaker Eli Lilly and Co. recorded profits of $1.3 billion, or $1.22 per share, during the three months
ended June 30,
even after paying $27 million in severance to laid off employees.
Gas City close to deal with furniture maker
The Gas City council has approved granting up to $2.5 million in economic revenue bonds for Echelon Furniture Inc. to locate
in a plant that Amcast Automotive shut down in 2006.
Historic financial overhaul signed into law by Obama
Rep. Mike Pence of Indiana, a member of the House GOP leadership, on Wednesday joined House Minority Leader John Boehner of
Ohio in calling for the law’s repeal.
Indiana changes food stamp policy that drew fire
Indiana will no longer reduce a state grocery benefit paid to hundreds of developmentally disabled people simply because they
receive food stamps
‘Landstory’ name opens new chapter for firm
Moniker reflects ownership change years earlier, better description of company's focus.
SHOUP: Emancipation is near for independent contractors
State regulators are gearing up to crack down on companies thought to be treating people as though they are independent contractors
instead of employees.
Jobless benefits bill would aid 80,000 Hoosiers
A bill advancing in Congress that would restore unemployment benefits for millions of Americans could help about 80,000 Indiana
residents who have been out of work more than six months.
Opponents claim I-69 extension a drain on other road projects
Some opponents of the Interstate 69 extension says it’s not too late to kill the project even
though concrete has been poured for two miles in southern Indiana, and another 60 miles or so is under construction or in
an engineering phase.
Daniels criticized for lopping costs on I-69 extension
Detractors of new-terrain route say cost cuts undermine economic development premise for extending the interstate.
Indiana: IBM welfare intake work flawed from start
The state is suing IBM for more than $1.3 billion, claiming the company breached one of the biggest outsourcing deals in state
history. IBM wants Indiana to pay $52.8 million it says it’s owed in deferred payments and equipment costs.