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Toyota Motor Corp. plans to spend about $500 million to upgrade its Indiana assembly plant in Princeton to accommodate production of its Highlander sport-utility vehicle. Bloomberg News reported the investment today. It discovered the plans in a Securities and Exchange Commission document filed by Toyota late last month. Japan’s largest carmaker announced last July it […]
The Indianapolis Airport Authority plans to sell thousands of items from its old passenger terminal during an auction next month. The authority hopes to make at least $500,000 as it sells off building materials, office equipment, signs and other items, such as a 5-foot replica of the Statue of Liberty and 35 posters featuring Princess […]
A bankruptcy judge said late yesterday that General Motors Corp. can sell the bulk of its assets to a new company, clearing the way for the automaker to quickly emerge from bankruptcy protection. Federal Judge Robert Gerber ruled that the sale is needed to avoid “immediate and irreparable harm” to GM and is in the […]
Democratic legislative leaders want Indiana to reconsider the way it divvies up school funding, claiming the formula in the new state budget will devastate public education. Under the budget signed into law Tuesday, schools can lose money if they lose students, while fast-growing suburban schools will receive large funding increases. Republicans say that’s the way […]
I entered "Tutankhamun: The Golden King and the Great Pharoahs" (at the Children’s Museum of Indianapolis through Oct. 25) with a limited knowledge of Egyptian history—and by limited, I mean loose threads picked up from a handful of Mummy movies, the Bible, and a few too many productions of "Joseph and the Amazing Technicolor Dreamcoat."
Noblesville resident Tom Wagenhauser is revamping the Hamilton County-centric Web site FishersFind.com and hopes to double its weekly traffic.
It would be artless this week to write an article on economics and business in Indiana without remarking upon the passing of John Fisher. Much has been written about his legacy over this past week, so I will make do with an anecdote and a lesson I have learned from him.
Carmel-based mobile marketer Tetherball has deployed a program using
a radio frequency identification device that can measure in detail to what extent customers redeem loyalty and rewards offers.
Once again, Indianapolis-based Eli Lilly and Co. is running in the lead pack in dollars spent to bend ears on Capitol Hill. And that was even before the health care reform debate got rolling.
Commercial Liquidators of America has landed the job of auctioning off furnishings and equipment from the old airport terminal at Indianapolis International Airport.
When prominent Egyptologist Zahi Hawass shared stories at a recent event about his personal meeting with President Obama,
my pride was momentarily dashed by the behavior of the people sitting at the next table.
When Hawass noted how impressed he was with our new president, these people became incredulous. They started snickering like
schoolchildren.
Indiana’s struggling gambling industry didn’t get the relief it sought during the special session of the Indiana General Assembly. But embedded within the budget bill approved June 30 is a provision creating a gambling summer study committee. Its recommendations, due by Dec. 1, may make or break several of Indiana’s casinos.
While transparency is a stated goal of many corporations, deliberations regarding distribution of shareholder property
to executives are not subject to light of day or to review. Instead, decision-making is camouflaged by
thousands of words that appear substantial but disclose little.
In the not-too-distant past, Microsoft was the most dominant company on the planet. In 25 years, it had spawned the world’s
richest man along with products that became as ubiquitous as water.
IBJ was named third-best large-market business publication and collected eight other national awards at the Alliance
of Area Business Publications’ summer conference June 27 in Minneapolis.
Most of the companies that agreed to help underwrite the 2012 Super Bowl are standing by their commitments even as the recession
wreaks havoc on their businesses. Of $25 million pledged by more than 80 companies before last year’s bid process, only about
$1 million is at risk, said host committee head Mark Miles.
A management shake-up at the Indianapolis Motor Speedway has some in the motorsports industry thinking major changes could
be on the horizon at the fabled race venue—maybe as soon as next year.
MINORITY BUSINESS 100 Black Men of Indianapolis Inc. was named the outstanding chapter in the areas of education and mentoring at the 23rd Annual 100 Black Men of America Inc. conference. The four-day event held late last month in Atlanta attracted more than 3,000 people, including U.S. Secretary of Education Arne Duncan and New York […]
I own and manage a small business. WellPoint is our health insurance carrier. I have an employee, makes good money. He is in excellent health but he is diabetic. WellPoint won’t insure him!
As both House Speaker Pat Bauer, D-South Bend, and House Republican Leader Brian Bosma, R-Indianapolis, see it, this is definitely a "Republican-flavored" budget. Republican Gov. Mitch Daniels laid the framework, and legislators from both sides of the aisle largely abided by his bottom lines of spending, state agency cuts and surplus.
