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State funding cuts a setback for public stations
The state's eight public television and radio stations, including WFYI in Indianapolis, will not receive their final two
installments of public funding for fiscal 2010 because of Indiana's budget crisis.
Truck-parts plant’s closure to put 225 out of work
Accuride Corp. says its Gunite Corp. factory in Elkhart will be closed by May 1. Its production will be moved to factories
in Rockford, Ill., and Brillon, Wis.
Global warming = more snow?
A meteorologist says we can expect a string of cold, snowy winters, thanks to more moisture in the atmosphere.
Apartment developer plans 217 units in Lawrence
J.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village
at the Fort.
Teva gets European OK to sell generic of Lilly’s Evista
Evista generated $1.03 billion in sales last year, of which $348.1 million came outside the United States.
‘Net metering’ bills advance in General Assembly
Indiana lawmakers have taken another step in advancing legislation that supporters say will give a boost to Indiana's
renewable energy movement.
Blackstone may join Simon’s bid for General Growth
Blackstone Group LP, the world’s largest private-equity firm, may join Simon Property Group Inc.’s bid to buy bankrupt
General Growth Properties Inc., according to two people with knowledge of the discussions.
Bayh’s exit may pinch federal funds going to Indiana
Sen. Evan Bayh brought home the bacon—more than
$1.4 billion in federal appropriations and grants in just the last 12 months.
Obama’s stimulus aims to boost access to small-biz loans
No incentive can make a bad deal bankable. But President Obama’s stimulus measures are spurring some promising small businesses
to begin borrowing again, despite the recession.
Ballard’s high-risk IT project could save millions – or flop
Indianapolis Mayor Greg Ballard has decided to overhaul the city’s and county’s 1970s-era financial IT systems—a move
that could cement
his reputation for improving government efficiency. But the upgrade also is fraught with risk.
Simon’s $10 billion bid for bankrupt General Growth roils retailing
Simon Property Group Inc. already is known for playing hardball with mall tenants over rent. So national retailers like The
Gap Inc. and Limited Brands Inc. will be bracing for future lease negotiations if the nation’s largest mall owner succeeds
in a $10 billion bid to take over its nearest rival, the bankrupt General Growth Properties Inc.
SKARBECK: Economic Greek tragedy could play out globally
Fears that Greece may default on its government debt have kept global markets on edge.
HICKS: Tenure is protectionism in a tweed jacket
Academic tenure, with its promise of lifelong employment based upon five to seven years of work experience, is silly and
makes those of us who have pursued a career in teaching and research look disingenuous.
New electronic radio ratings system rattling nerves
Local radio operators are bracing for a potential ratings shake-up. The introduction of Arbitron Co.’s Portable People Meter
in the Indianapolis market this summer is expected to tighten the ratings race and could dramatically affect how much advertisers
are willing to pay for radio spots.
Lilly asks shareholders to lower takeover barrier
Eli Lilly and Co. directors have recommended that shareholders toss out the
drugmaker's most potent protection against unwanted takeovers: an 80-percent supermajority vote threshold for any shareholder
mutiny to succeed.
WellPoint’s health insurance rate hike spurs legislative inquiry
The furor over WellPoint Inc.’s premium hikes have migrated from California to Indiana, where state lawmakers held a
high-profile hearing.
Plan for optional interstate tolls may hit potholes
A proposal to add optional toll lanes to parts of Interstates 69 and 65 raises all kinds of questions, such as how to squeeze
more lanes into the crowded I-69 corridor northeast of the city. And it’s debatable whether toll lanes could make more
money than they cost to implement.