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General Motors Co. said Monday it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better
than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.
Pittsburgh-based PNC Financial Services Group Inc. has converted 240 former National City Bank branches to their new identity,
but the 77 Indianapolis-area locations will keep the old brand for a bit longer.
A delegation of business and community leaders led by Indianapolis Mayor Greg Ballard departed for Europe Nov. 14 on a nine-day
economic
development mission to help grow the city’s motorsports industry.
Health care company Arcadia Resources Inc. saw growth in pharmacy business, offset by slower medical staffing sales.
Indianapolis-based CTI Group Holdings Inc. lost $337,549 in the third quarter on significantly declining revenue.
Carmel’s ACES Power Marketing LLC plans to invest $6.6 million to expand its West 99th Street headquarters—a move
that could allow it to add 40 jobs, the Indiana Economic Development Corp. said early Monday.
Indiana is dipping into a wide range of state funds, including several devoted to improving or protecting the environment
and natural resources, to offset a steep drop in state revenues.
Nearly every Indiana county has failed to send property tax bills on time this year, forcing many local governments and schools
to borrow millions and providing further proof that Indiana’s tax system is still a work in progress more than a decade after
a court ordered a massive overhaul.
Recent earnings reports from major retailers suggest that the wealthy, who pulled back their spending the hardest during the
financial meltdown last fall, are once again being enticed to open their wallets and going back to higher-end outlets. But
those on the lower economic rungs are still scrimping by, heading to Walmart for the basics.
The Department of Administration said 33 government workers will be out of a job because of the state’s financial situation.
The NFL spotlight will be shining brightly on the Circle City this Sunday night. Here’s hoping NBC doesn’t find it necessary
to shine the light on Lucas Oil Stadium’s pesky little problem.
The latest influenza illness figures are â??encouraging,â?? according to Indiana health officials. Emergency-room visits for
flu-like symptoms have fallen more than 2 percent in two weeks. Hospitalization rates also are down, and schools are reporting
fewer absent students. However, it’s too early to say the virus has peaked, say experts. Last week, three H1N1-related deaths
were confirmed in Indiana.
Sergeant Jeffery Shaw, an 11-year veteran with the Kosciusko County Sheriff’s Department, was killed Thursday afternoon in
a collision south of Warsaw. Shaw was responding to a call when his cruiser was hit by a flat-bed truck. State police investigators
say it was a freak accident and they don’t expect to file charges. The truck driver suffered minor injuries.
A water main break at Meridian Street and Kessler Boulevard is expected to be fixed by Friday eveningâ??s rush hour. The 12-inch
line broke early this morning, and police are helping drivers maneuver through the area. The pressure of the water caused
the street to buckle. Drivers are encouraged to find an alternate route. Water service has not been affected in the area.
Fox 59 will have more at 4 p.m.
Local radio station WNTR-FM 107.9, known as The Track, has dismissed four staff members and started playing holiday music
in what observers say is likely leading to a format change.
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The good news continues for Rolls-Royce Corp.’s Indianapolis operations, which this week received an $11.1 million contract
to make gas turbine engines for the Army’s OH-58D Kiowa reconnaissance helicopters.
The Indiana-based orthopedic implant maker plans to use the proceeds to pay down debt and for general corporate purposes.
The specter of declining reimbursement, as well as the desire for statewide growth, lie behind St. Vincent Health’s decision
to form a physician management firm with OrthoIndy and buy a minority stake in its Indiana Orthopaedic Hospital.
