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State awards schools more than $2M in grants-WEB ONLY

July 14, 2009

The Indiana Department of Workforce Development is awarding $2.4 million to high school and post-secondary institutions across the state to fund engineering, biomedical and new technical preparation programs. The grants, ranging from $10,000 to $30,000, were awarded to more than 100 schools. The programs prepare students for college or the work force, while providing challenging […]

Ivy Tech chief among final four for Florida job-WEB ONLY

July 13, 2009

Ivy Tech Community College President Tom Snyder has been named one of four remaining candidates for the position of chancellor of the State University System of Florida, the St. Petersburg Times reported yesterday. A search committee trimmed a list of 13 candidates to four who will be interviewed for the job on Friday. A recommendation […]

Distribution center closing to cost 120 jobs-WEB ONLY

July 13, 2009

Massachusetts-based Stride Rite Corp. has notified the Indiana Department of Workforce Development that the company will close its distribution center in Huntington, leaving 120 employees jobless. The footwear and apparel retailer said Friday it plans to close the center on Sept. 18 and will lay off employees in two phases: 55 on Sept. 11 and […]

Judge approves Republic’s plan to buy Frontier-WEB ONLY

July 13, 2009

A bankruptcy judge has approved a plan by Indianapolis-based Republic Airways Holdings to buy Frontier Airlines, although other bidders could still come forward. Frontier Airlines Holdings Inc. spokesman Steve Snyder said the judge approved the plan at a hearing today in New York. Republic, a regional carrier that currently flies for other airlines, is offering […]

Lilly making bid for animal health business-WEB ONLY

July 13, 2009

Indianapolis-based Eli Lilly and Co. and four of its peers have to submit second bids this week in a scramble to acquire the animal health businesses of two other drugmakers, Merck & Co. Inc. and Schering-Plough Corp. The final decision on who gets what and at what price is expected by the end of July, […]

Judge OKs shift of some Delphi assets to new GM-WEB ONLY

July 13, 2009

By BREE FOWLER AP Auto Writer NEW YORK A bankruptcy judge on Monday approved a deal that could shift some of auto parts supplier Delphi’s assets to General Motors Co., which emerged from Chapter 11 bankruptcy protection last week. U.S. Judge Robert Gerber, who is overseeing the liquidation of Motors Liquidation Co., the collection of […]

Brightpoint shareholder selling shares-WEB ONLY

July 13, 2009

Brightpoint Inc. announced this morning that shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering. An offering price was not disclosed. NC Telecom is the entity that owned Denmark-based Dangaard Telecom before Brightpoint bought it in August 2007 for $385 million in stock and the assumption of $350 million […]

Purdue OKs tuition hike, new $500 fee-WEB ONLY

July 13, 2009

Purdue University’s trustees have approved increasing tuition by 5 percent for Indiana students the next two years along with phasing in a $500 fee for new students. The trustees executive committee voted unanimously today in support of the increase, which will add $388 to the tuition bill for in-state students on the West Lafayette campus. […]

Wishard’s $754M request

July 13, 2009

The folks at Wishard Memorial Hospital have tough jobs. They care for the indigent, patch up more than their
share of gunshot wounds, and pay for most of it by billing government insurance programs, which arenâ??t
known
for lucrative reimbursements.

Ancient,…

Colleges schedule public hearings on tuition hikes-WEB ONLY

July 13, 2009

Indiana’s higher education commissioner is urging college students and their parents to attend public meetings about next year’s tuition rates. Colleges and universities hold public meetings on proposed tuition rates before their boards vote on the final numbers. Higher Education Commissioner Teresa Lubbers says the meetings are a chance for parents and students to tell […]

Brightpoint shareholder selling shares

July 13, 2009

Brightpoint Inc. said this morning shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering.

Privatize parking meters?

July 13, 2009

City officials are considering several proposals to modernize and even privatize the city’s roughly 4,000
parking meters to squeeze out more revenue.

NEA grants impact Indy arts groups

July 13, 2009

IBJ reporter Kathleen McLaughlin guest blogs today.

If our report last week about federal stimulus money for the arts piqued your interest, we have an update this morning from the Indiana Arts Commission. See the list below for details on who…

Fortune ekes out profit on falling revenue-WEB ONLY

July 13, 2009

Indianapolis-based Fortune Industries Inc. managed a small profit in its fiscal third quarter – its third straight profitable quarter, the company announced this morning. Profit for the period ended May 31 rose to $318,000 compared to a loss of $2.9 million in the same quarter a year ago. Revenue fell to $15.4 million from $40.2 […]

Fortune ekes out profit on falling revenue

July 13, 2009

Indianapolis-based Fortune Industries Inc. managed a small profit in its third quarter and now has turned a profit in each
of its last three quarters, the company announced this morning.

You-review-it Monday

July 13, 2009

So did you walk with dinosaurs? Hang out at Conner Prairie with the Symphony? Catch one of the final performances of “Octopus” at the Phoenix Theatre?

I spent Sunday afternoon at the oldest continually operating theater in the country catching a…

Proposed cost for new Wishard Hospital: $754M-WEB ONLY

July 13, 2009

A $754 million project is being proposed to replace the aging Wishard Memorial Hospital in downtown Indianapolis. Hospital officials say renovating the current facility is not practical because its mechanical systems are failing and the patient rooms can’t accommodate modern equipment. Wishard’s facility is spread over 17 buildings, many of which were built before World […]

State has no alternative to current welfare system-WEB ONLY

July 13, 2009

Indiana welfare officials considering canceling the state’s privately run welfare system have no backup plan in place, and critics say it will be hard to undo the privatization of 1,500 state case workers more than two years ago. Anne Murphy, secretary of the Family and Social Services Administration, confirmed recently that the system led by […]

Wine bar planned for Conrad

July 10, 2009

Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis and…

Debt maneuvers help Emmis turn quarterly profit

July 10, 2009

Emmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but
the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent.

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