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More than 125 people at General Motors Corp.’s metal-stamping plant in Indianapolis have signed up for buyouts or early-retirement packages that are worth as much as $115,000 in cash per worker, a union official said this morning. July 24 was the deadline for accepting the offer. The buyout is the second that GM has offered […]
Regulators have told Irwin Union Bank FSB that it must boost its capital by the end of next month or face the possible suspension of its business. The bank is the thrift subsidiary of Columbus, Ind.-based Irwin Financial Corp., which has been struggling for more than a year. The order to boost capital from the […]
Second-quarter profit for Old National Bancorp fell 50 percent from the same period a year ago, but the company still managed
to exceed analysts’ expectations.
Second-quarter profit for Old National Bancorp fell 50 percent from the same period a year ago, but the company still managed to exceed analysts’ expectations. The Evansville-based parent of Old National Bank this morning announced profit of $9.6 million, or 15 cents per share, beating analysts’ estimates by 9 cents. Revenue of $111.9 million was […]
A southern Indiana town board is considering filing for bankruptcy protection over a potential $1.45 million debt even though officials say state law doesn’t allow that action. The 3,000-person community of Georgetown faces the debt to a contractor and the nearby city of New Albany over stalled plans to build its own sewage treatment plant. […]
For me, the weekend included closing night at the Indianapolis International Film Festival featuring the deserving-national-release documentary “Racing Dreams” (and subsequent party and award presentation), a Saturday visit with the “Smoke on the Mountain” crew at Beef & Boards’ “Sanders…
The owner of a former Community Corrections jail facility at the southwest corner of Delaware and Maryland streets has put the building up for sale,…
Indiana University officials are expecting several hundred fewer freshmen to show up next month at the Bloomington campus than last year’s record-largest freshman class. Officials expect about 7,100 freshmen when the fall semester starts in late August. IU vice provost Roger Thompson said that would be a good enrollment figure because the school plans on […]
A state committee has set tomorrow as the date that officials from Indiana’s public colleges and universities must explain their decisions to raise tuition. The State Budget Committee, which includes four fiscal leaders in the General Assembly and the state budget director, wants the colleges to justify the increases when so many students and families […]
“Racing Dreams,” an outstanding documentary about competitive karting, took the Audience Award at the Indianapolis International Film Festival earlier this evening. Its three charming teen subjects and its director were all on hand to bask in the acclaim.
Other feature winners…
Noblesville’s Barley Island Brewing Co. is planning to open a second restaurant and brewhouse in the former home of Scholar’s Inn Bakehouse at the corner of…
I know new Indy Racing League boss Jeffrey Belskus can count to 16. By all accounts, the former chief financial officer is an accounting whiz. So he should realize he has a problem.
This…
Indianapolis calendar publisher Time Factory Publishing is launching a Website to compete with photo sharing and publishing
sites Shutterfly and Flickr.
As concern grows among medical providers that health care reform augurs lower payments, St. Francis
Hospital & Health Centers has agreed to absorb a large group of cardiologists that bring lucrative heart patients to its
facilities.
Hotel occupancy rates are way down in Indianapolis, as they are elsewhere, but local operators and national analysts think
the city is in a good position to bounce back when the economy improves.
Cost management was the operative phrase in the introduction this month of a highway executive to manage the Interstate
69 extension to Evansville.
Hotel sales and marketing executive Michelle Travis is joining the Indianapolis Convention & Visitors Association
as vice president of sales.
The owner of the popular Broad Ripple Italian restaurant Ambrosia plans to open a location downtown on the first floor of the Hampton Inn along Maryland Street.
Second Helpings has moved its fundraiser to its near east-side food pantry and slashed prices in recognition of the economic
climate.
A growing number of Indianapolis residents are making the most of their public library system. The Indianapolis-Marion
County Public Library system says it’s on pace for a record year in terms of use by patrons and items circulated.
