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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.
Work is set to resume today on the Indiana Convention Center following a fatal accident. An employee from Harmon Steel Inc. fell 50 feet to his death last Wednesday while working on the expansion in downtown Indianapolis. Safety inspectors say the victim, Stanley Roberts, 55, was wearing a safety harness throughout the day, but investigators […]
Country music artist Kenny Chesney wants to make sure his next concert at Lucas Oil Stadium in Indianapolis sounds better than his 2008 performance. Chesney’s tour organizers are meeting today with representatives from the stadium to talk about the facility’s acoustics. Last year, Chesney played the first concert at Lucas Oil Stadium, but many fans […]
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 […]
Representatives from the Children’s Museum of Indianapolis dedicated a new expansion this morning to the late Congresswoman Julia Carson. Her grandson, Rep. Andre Carson, and Indianapolis Mayor Greg Ballard were also on hand as a plaque was unveiled. The expansion officially opens June 27.
The Finish Line has ended an unsuccessful attempt to rebrand and revitalize its struggling Man Alive stores by agreeing to part with the 75-store clothing chain. Indianapolis-based Finish Line today announced that it would pay $7 million to Man Alive Acquisition LLC, which is controlled by Brooklyn-based Jimmy Jazz, to take Man Alive assets and […]
Ever since the Indianapolis Motor Speedway board of directors met last month, there’s been rumblings about legendary race promoter H.A. “Humpy” Wheeler stepping in to help out his old friend Tony George shake…
The days of only the powerful few getting by with tapping their Blackberries during meetings are long gone.
When was the last time you were in a gathering where more people seemed interested in the topic or the
speaker…
