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Airport memo: Republic could bring 750 jobs to Indianapolis
Locally based Republic Airways Holdings, which earlier this month said it could move up to 400 jobs gained through its
Frontier Airlines acquisition to Indianapolis or Milwaukee, has hinted it may move nearly twice that number to its headquarters
city.
Blockbuster to close as many as 960 stores nationwide
Blockbuster is planning to close as many as 960 stores by the end of next year. That would shrink the video rental chain by
more than 20 percent as it struggles against stiff competition from Netflix and Redbox.
Schrenker held on $4 million bond after not-guilty plea
Jailed former money manager Marcus Schrenker has been appointed a public defender after telling an Indiana magistrate he has
no home and that the government has frozen all his assets.
Adesa parent takes first step to becoming public company
KAR Holdings Inc., parent of the Carmel-based auto-auction firm Adesa Inc., has announced its intentions to become a publicly
traded company. KAR filed its registration statement for the initial public offering yesterday with the Securities
and Exchange Commission.
Apartments near downtown canal slated for rehab
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
You are green: Now what?
IBJ Daily readers are keenly interested in environmental issues, if a poll conducted by IBJ in conjunction with Walker Information
is any indication.
Indiana lawmakers to discuss Sunday alcohol sales ban
Supporters and foes of repealing Indiana’s ban on Sunday take-out alcohol sales plan to make their case before a group of
lawmakers.
Westfield makes smoking illegal in most public places
The Westfield City Council passed a smoking ban 7-0 last night that will prohibit smoking in most public places, including
outdoor arenas, stadiums and amphitheaters.
U.S. retail sales rose more than expected in August
Retail sales jumped in August, spurred by widespread gains beyond the increases of auto and gasoline sales that economists
expected.
Water bottler plans Plainfield plant, to create 37 jobs
A bottled water plant is expected to open in central Indiana next year, with the company planning to buy about 300,000 gallons
of municipal water daily.
Anderson siblings buying city’s Mounds Mall
Two Anderson siblings are buying the city’s Mounds Mall from the Florida-based company that has owned it for the past six
years.
Schrenker in Indiana to face fraud charges
An money manager who tried to fake his own death in a Florida plane crash will make a video appearance in court to face Indiana
felony charges stemming from his financial dealings.
More layoffs, furloughs possible for cash-strapped CIB
The financial condition of the city’s Capital Improvement Board, though improving, is still dire enough that employees
of the Indiana Convention Center could be subjected to more unpaid furloughs or layoffs.
GE laying off 160 workers at Bloomington factory
General Electric is laying off 164 workers at a southern Indiana refrigerator factory, although that is about 30 fewer than
the company had anticipated.
Next year’s State Fair to feature Japanese exhibit
Japanese culture will be on display at the Indiana State Fair next year. Indiana Gov. Mitch Daniels announced today, while
traveling on a economic development mission in Japan, that the Asian country will be featured in its own exhibit at the fair
for the first time in 2010.
IU experiences record-high enrollment
Indiana University says it has set a statewide fall semester enrollment record with 5-percent more students than last year.
UPDATE: Pipeline challenges force Lilly restructuring moves
Since John Lechleiter was named CEO 18 months ago, he’s bet that Eli Lilly and Co. could face down its looming patent challenges
by launching innovative new medicines. Today’s announcement of 5,500 job cuts by the end of 2011 and a restructuring of the
company’s business units ups the ante on that bet, while indicating that it isn’t working yet.
Lilly as an employment destination
Eli Lilly and Co. has experienced a string of setbacks in recent years. Is it still a good place to work?
Hoosier Park quarantines 59 horses over illness concerns
Fifty-nine horses have been quarantined because of a suspected contagious infection at central Indiana’s Hoosier Park race
track.