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Unemployment rates rose in all the largest U.S. metropolitan areas for the fifth straight month in May, the Labor Department said this morning. The unemployment rate in Kokomo jumped to 18.8 percent, up 11.7 percentage points from a year ago, the largest increase of all metro areas. The second-highest jump occurred in Indiana’s Elkhart-Goshen area. […]
When the market for single-family houses began to fall apart last fall, the prevailing wisdom was that the crash would be good for the owners of apartment complexes. But the recession is taking its toll on multi-family housing as well, putting the brakes on new developments and driving down prices of existing complexes. Projections at […]
A burst water main caused some downtown Kokomo streets to be blocked off and numerous businesses and offices to be warned about the safety of their drinking water. Indiana American Water crews worked overnight to repair the 12-inch line and did not immediately know what caused yesterday’s break. The company issued a warning for much […]
Just when you’ve made it through another unfocused prison break sequence or another bank job more about the
sound of the machine guns then the strategy or risk of the heist, “Public Enemies” gives a glimmer of hope
it’s going…
Federal authorities are pressing a probe of 10 associates of Bernard Madoff despite a sentence that means the mastermind of one of the biggest financial frauds in history will spend the rest of his days behind bars, The Associated Press has learned. A person, who spoke on condition of anonymity because the investigation is ongoing, […]
For those that missed it in the IBJ print edition two weeks ago, the Circle City Classic has named a new director. The official announcement comes today. For more details on the new…
Leaders of the Democrat-controlled House and Republican-ruled Senate said last night that they were very close to agreeing on a new two-year state budget, and votes on the plan were expected today. Lawmakers must pass a new budget or a stopgap funding measure by midnight, when the current spending plan expires, or Republican Gov. Mitch […]
Indiana is running so short on prison space that it has just 26 beds available for its worst offenders. Inmates are already sleeping in beds stacked three high in one prison, and officials are considering renovating common areas like gymnasiums into cells. Department of Correction leaders thought their prison crowding problem would be alleviated – […]
Results released today from an Indiana University study show that the state is one of the nation’s biggest beneficiaries of foreign investment. Firms in which a foreign investor or company had at least a 50-percent stake accounted for 4.6 percent of Indiana’s total private-sector employment in 2006, ranking the state ninth and above the national […]
Marian University has received a $6 million pledge – the largest gift in the institution’s history – from a former trustee, the school announced today. The gift was timed to coincide with the Indianapolis-based school’s name change from Marian College to Marian University. The gift should help further the Catholic college’s plan to raise its […]
Historic swindler Bernard Madoff was sentenced to 150 years in prison today for a fraud so extensive that the judge said he needed to send a symbolic message to potential imitators and to victims who demanded harsh punishment. Scattered applause and whoops broke out in the crowded Manhattan courtroom after U.S. District Judge Denny Chin […]
A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for about $42,000 per unit, about a third less than the…
Tipton County won’t have to repay Getrag Transmission LLC a $5.5 million loan it received from the company for infrastructure improvements relating to its failed transmission plant, a judge has ruled. A U.S. Bankruptcy Court judge from the Eastern District of Michigan signed a motion Friday that lets the county off the hook, according to […]
Tipton County won’t have to repay Getrag Transmission LLC a $5.5 million loan it received from the company for infrastructure improvements relating to its failed transmission plant, a judge has ruled. A U.S. Bankruptcy Court judge from the Eastern District of Michigan signed a motion Friday that lets the county off the hook, according to […]
Police have arrested Marco Artego, 17, in connection with last week’s home break-in at Center Grove’s Golden Grove subdivision, the Johnson County Sheriff’s Department said this morning. Investigators say one of the victims was hit in the face during the armed robbery. Prosecutors plan to charge Artego as an adult. Fox 59 will have more […]
A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for more than 36 percent less than the unpaid loan balance. The local office of CB Richard Ellis is marketing the 166-unit CityView on Meridian for $6.9 million. The 1966 structure on the northeast corner of 38th and Meridian streets includes […]
Police officers and traffic officials will implement a variety of changes today as they try to improve safety on a busy highway in Hamilton County. Law enforcement patrols along U.S. 31 between Carmel and Westfield will identify drivers who speed, follow too closely or drive aggressively. Other efforts include lower speed limits in some areas, […]
University Loft Co. has agreed to pay the federal government $400,000 following an investigation by the U.S. Justice Department alleging the Greenfield-based company violated trade agreements. The Justice Department said Friday that a settlement with University Loft resolves allegations that the company knowingly sold Malaysian-made furniture to government agencies, which violates the Trade Agreements Act. […]
University Loft Co. has agreed to pay the federal government $400,000 following an investigation by the U.S. Justice Department alleging the Greenfield-based company violated trade agreements. The Justice Department said Friday that a settlement with University Loft resolves allegations that the company knowingly sold Malaysian-made furniture to government agencies, which violates the Trade Agreements Act. […]
Lawmakers who are trying to beat tomorrow’s deadline for a new state budget will also determine the fate of a tax credit for movies made in Indiana. The House version contains the 15-percent tax credit – which has been debated for two years – but the Senate version does not. Makers of a movie about […]
