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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 […]
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 […]
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, […]
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 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 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. […]
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,…
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 Inc. said this morning shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering.
City officials are considering several proposals to modernize and even privatize the city’s roughly 4,000
parking meters to squeeze out more revenue.
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…
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 […]
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.
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…
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 […]
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 […]
Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis and…
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.
Eli Lilly and Co. finally won approval today from U.S. regulators to sell prasugrel, its highly anticipated blood thinner,
according to Bloomberg News.
Eli Lilly and Co. finally won approval today from U.S. regulators to sell prasugrel, its highly anticipated blood thinner, according to Bloomberg News. The U.S. Food and Drug Administration approved prasugrel to prevent blood clots when patients come in to receive stents or other coronary devices. The drug will have the trade name Effient. After […]
