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The postmortem and dissection of the federal economic stimulus plan have begun in earnest. The president has added to his woes by saying the stimulus will take years, not months, to work, and his chief economist managed to squeak out the headline or two that the worst is ahead of us.
Whenever this bear market bottoms—and there is a growing possibility that we will see new lows in coming months—millions of investors will be throwing all kinds of assets away for pennies on the dollar. The discounts so far could pale in comparison. So, be patient, be prudent and be ready.
A few years ago, when cyclist extraordinaire Lance Armstrong was in the midst of his phenomenal seven
straight Tour de France titles, those yellow Livestrong bands seemed ubiquitous. But when Armstrong left
competitive cycling, gradually those rubber yellow bands faded from view. I kept wearing mine, however, to remind me of the
courage of my mother, Emma.
Technologists don’t usually give the law a basketful of respect. From our point of view, the law is struggling frantically to stay within a hundred yards of our bleeding edge. By the time the law gets around to speaking on a technical subject, the subject may not even exist anymore.
City to unleash $3.8 million for improvements in United North West Area.
Hoosier Academies is the leading candidate to operate a controversial virtual charter school pilot program authorized last
month by the Legislature.
A central Indiana casino has admitted that its staff knew pop singer Justin Timberlake wasn’t coming to its grand opening a day before the event, but didn’t say anything to alert the public. The Indiana Gaming Commission fined Indiana Live Casino near Shelbyville $40,000 for its promotion of Timberlake’s supposed appearance at its March 13 […]
The Indiana State Medical Association has filed a formal complaint against Anthem Blue Cross and Blue Shield of Indiana for ongoing claims-payment issues. The doctors group, in an announcement today, contends that computer problems at Anthem have yet to be resolved, breaching a 2005 court settlement reached by doctors and Anthem’s parent company, Indianapolis-based WellPoint […]
IBJ reporter Kathleen McLaughlin guest blogs today.
The Indianapolis Opera is adding another event to the busy fall festival scene, but it’s definitely striving to carve out a distinct niche. Operapalooza, planned for Sept. 11 and 12, will mix sets by…
Students at Indiana University and Ivy Tech Community College will pay at least 4 percent more in tuition and fees over the next two years. IU Trustees voted today to increase tuition and fees by 4.6 percent this coming school year and 4.8 percent next year at the main campus in Bloomington and at IUPUI. […]
The Indianapolis Airport Authority, facing a $15 million budget shortfall on declining passenger and cargo traffic, plans to sell the former ATA Airlines Inc. headquarters and might raise parking fees. A memo prepared for tomorrow’s airport board meeting says Indianapolis-based Paul Kite Co. plans to buy the former ATA site at Girls School Road and […]
Indianapolis plans to sell $560 million of municipal bonds to refinance variable-rate debt and to end an interest-rate swap, Bloomberg News reported this morning. Proceeds from the sale will retire three bond issues sold in 2004 and 2005 when Indianapolis bought Indianapolis Water from Merrillville-based NiSource Inc. The proceeds also will help end a bond-swap […]
The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to pay their monthly mortgage bills. The mushrooming foreclosure crisis affected more than 1.5 million homes in the first six months of […]
A northern Indiana recreational vehicle show that has been held for 54 years is canceling its August event.The Midwest RV Super Show and Rally at the Elkhart County 4-H Fairgrounds in Goshen has long been a major event for dealers and RV makers in an area considered the manufacturing center of the industry. Recreation Vehicle […]
The folks running the National Football League are iron-fisted guardians of the game—and apparently sticklers for details.
Most recently, the NFL mafia has dropped the hammer on the athlete formerly known as Chad Johnson,…
HHGregg Inc. said this morning it projects fiscal first-quarter profit to beat analyst expectations despite shrinking revenue and a sharp decline in same-store sales. The Indianapolis-based appliance and electronics retail chain also announced plans today to sell at least 3 million additional shares of its common stock at a to-be-determined price. For the quarter ended […]
Wireless device distributor Brightpoint Inc. said today it has priced 15 million shares of a previously announced stock offering at $5 each. The pricing follows the Indianapolis-based company’s announcement Monday that shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering. NC Telecom is the entity that owned Denmark-based Dangaard […]
Wireless device distributor Brightpoint Inc. said today it has priced 15 million shares of a previously announced stock offering
at $5 each.
HHGregg Inc. said this morning it projects fiscal first-quarter profit to beat analyst expectations despite shrinking revenue
and a sharp decline in same-store sales.
Indianapolis officials are hoping to land $8 million in energy-efficiency and conservation-block grants from the federal stimulus program. The city has submitted eight projects to the U.S. Department of Energy for funding consideration. A total of 450 counties are eligible for the grants. The largest expenditure is $3.3 million for construction of 17 miles of […]
