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Sales of previously occupied homes rose modestly from April to May, the third monthly increase this year, but signs of a housing recovery are fragile at best.The National Association of Realtors said today that home sales rose 2.4 percent last month to a seasonally adjusted annual rate of 4.77 million, from a downwardly revised pace […]
A number of arts organizations are making the push now for your votes in The Indy Channel’s A-List competition. Soon we’ll be seeing Nuvo’s Best of picks and the latest superlatives from Indianapolis Monthly.
Question: What is the value of such…
Itâ??s old news that houses arenâ??t selling. But did you realize the situation is so bad that migration around
the country has all but stopped?
Thatâ??s what Ball State University economist Mike Hicks and a colleague at the Mackinaw Center for…
Buildings on Monument Circle and its immediate surroundings would be protected from demolition and inappropriate alteration under plans being drawn to create a new downtown historic district. The Indianapolis Historic Preservation Commission, a unit of city government, is working on creation of the Monument Circle-Downtown Historic District using $15,000 in funding from the Central Indiana […]
Two local Bally Total Fitness locations will close today as part of the parent company’s reorganization under Chapter 11 bankruptcy. Gyms along U.S. 31 in Greenwood and behind…
To get more up-to-date sports business news, IBJ sneak previews and a glimpse at what’s going on behind the scenes in the central Indiana sports business world, you can now follow The Score (and your host here) on Twitter. Hurry,…
Indianapolis-based Arcadia Resources Inc. today named Charles Goodall vice president of DailyMed Pharmacy operations. Goodall comes to Arcadia from Illinois-based drugstore chain Walgreen Co., where he was divisional vice president. Arcadia’s DailyMed Pharmacy sorts a patient’s monthly prescriptions, over-the-counter medications and even vitamins into packets to be taken at specific times of day.“Charlie is a […]
Shares of steel manufacturers fell sharply yesterday as the World Bank cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent.Fort Wayne-based Steel Dynamics Inc., Indiana’s fifth largest company, was among those who felt the impact. Its shares fell $1.65, or 10.7 percent, to $13.79 yesterday. Pittsburgh-based United States Steel […]
Republicans who control the Indiana Senate are poised to pass their version of a new state budget bill. The two-year spending plan cleared the amendment stage yesterday and was eligible for passage today. Passage would set up a showdown with the Democrat-led House on trying to strike a deal before Indiana’s current spending plan expires […]
Medco Health Solutions Inc. plans to add another 160 jobs at its automated pharmacy in Whitestown, state officials announced this morning. The New Jersey-based drug distribution company will open a new center in October focused exclusively on cancer patients. The center will be part of the 452,000-square-foot distribution center Medco is building at AllPoints at […]
Republic Airways Holdings said yesterday it is offering to buy Frontier Airlines for $109 million and take it out of bankruptcy. Republic said it expects a court-supervised auction to determine if anyone will make a better offer. Indianapolis-based Republic supplied a $40 million debtor-in-possession loan to Frontier and held a $150 million unsecured claim, so […]
President Barack Obama today welcomed the pharmaceutical industry’s agreement to help close a gap in Medicare’s drug coverage, calling the pact a step forward in the push for an overhaul of the nation’s health care system. Obama said that drug companies have pledged to spend $80 billion over the next decade to help reduce the […]
A central Indiana county auditor has resigned after being arrested last week on felony charges of bribery and theft. Hancock County Auditor Linda Grass resigned today in a letter from her attorney to county commissioners. Attorney James McNew wrote that Grass’ resignation should not be considered an admission of guilt and that she hoped that […]
Larry Bird, Indiana Pacers president of basketball operations, said the team has its eye on four players that can help the franchise right away if they’re available in the June 25 NBA draft.
“Three…
Village Pantry’s headquarters on the northeast side of Indianapolis is closing as a result of an office consolidation between the convenience store operator and another in North Carolina, both owned by Sun Capital Partners Inc. The merger of accounting and administrative functions will take Village Pantry CEO Mick Parker and at least nine other executives […]
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An IBJ analysis found shares of only 10 of Indiana’s 66 public companies posted a positive total return in 2008, and 46 companies shed more than one-third of their stock market value. However, more than half of those companies’ executives whose pay was listed in proxy statements saw increases in compensation.
A woman is dead after a stabbing in Brownsburg early this morning, and her daughters may have witnessed the incident. Police believe Joseph Warnock broke into the Eagle Crossing home of his estranged wife, Angela Warnock, and stabbed her in front of one or both of their children. The couple had been separated for about […]
Merger talks that began last year between Ice Miller LLP and a Louisville-based law firm continue to progress toward a deal, sources familiar with the negotiations said.
Despite a ticket price increase, the terrible economy and an uncertain season ahead, the Indianapolis Colts have sold out of season tickets, assuring the team will extend its sellout streak to 97 regular-season home games.
