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Industrial production tumbled a larger-than-expected 1.1 percent in May as the recession crimped demand for a wide range of manufactured goods, including cars, machinery and household appliances. The Federal Reserve’s report today showed production at the nation’s factories, mines and utilities has fallen for seven straight months. Output also turned out to be a bit […]
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After a few days of back-and-forthing, David Letterman has offered an on-air apology to Sarah Palin for a joke he made referencing her daughter. In case you missed it, here’s…
Housing inventories fell last month in almost all Indianapolis-area submarkets, according to a monthly report on local residential real estate, fueling hope that the market will continue improving as supply falls to healthy levels. And at least one prominent developer of new houses sees signs of a turnaround. The number of homes for sale in […]
Construction of new homes in the United States jumped in May by the largest amount in three months, providing an encouraging sign that the nation’s deep housing recession was beginning to bottom out.The Commerce Department said today that construction of new homes and apartments jumped 17.2 percent last month to a seasonally adjusted annual rate […]
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The Indianapolis International Film Festival has announced its lineup for its shifted-to-summer 11-day July event. You can find the full schedule here.
As previously noted, the festival has not only shifted time, but location as…
A powerful Indiana House committee is scheduled to meet today to discuss possible solutions for a cash-strapped Indianapolis sports agency. A Ways and Means meeting this afternoon is expected to focus on a way to fix the Capital Improvement Board, which runs the city’s convention center and professional sports stadiums. The bill as proposed in […]
Democrats who control the Indiana House advanced their version of a new state budget to the full chamber yesterday with little sign that it will gain much if any support from outnumbered Republicans. The House Ways and Means Committee endorsed the plan on a 15-10 party-line vote after approving several amendments to the one-year spending […]
General Motors’ plant in Fort Wayne is in the running for a proposed $46 million expansion even as the automaker closes plants as part of its reorganization under federal bankruptcy laws. GM is seeking a 10-year tax break on $27 million in equipment needed for the expansion, which would “furnish and install machinery, equipment and […]
The owners of one of Indiana’s most successful riverboat casinos are preparing to replace it with a new $335 million boat that’s the size of two football fields. The new Hollywood casino in Lawrenceburg won’t just replace the 13-year-old Argosy casino when it opens June 29 – it will also raise the stakes in a […]
KV Racing Technology announced today that Paul Tracy will pilot a car for the team at the Camping World Grand Prix at the Glen, July 5, at Watkins Glen International Raceway.
Tracy will be…
A state school for troubled and needy youth would have to be reopened under legislation endorsed by an Indiana House Committee. Gov. Mitch Daniels’ administration closed the Soldiers’ and Sailors’ Children’s Home east of Indianapolis late last month, in part because of costs. The administration plans to convert the school to a National Guard military […]
Republican Gov. Mitch Daniels’ budget proposal includes a scholarship tax credit that supporters say would give poor students the opportunity to attend private schools, but opponents say would open the door to vouchers. Daniels’ budget proposal includes a 50-percent tax credit for donations to a not-for-profit scholarship-granting organization that helps students from low-income families attend […]
Indianapolis Executive Airport in Zionsville will reopen its main runway Saturday after a $4.3 million resurfacing project paid for with federal stimulus funds, the airport announced today. It’s the first U.S. airport to benefit from stimulus money, said officials from Montgomery Aviation, which runs the airport. Resurfacing of the 5,300-foot runway resulted in a 45-day […]
U.S. investors are joining traders overseas in worrying that a three-month surge in stocks might be overdone, sending major indexes down more than 2 percent this morning. Stocks fell on Wall Street after heavy selling in Europe and Asia. Investors are concerned about a weaker-than-expected manufacturing index and a stronger dollar pushing down oil prices […]
Democrats who control the Indiana House are considering changes to their proposed one-year state budget proposal. The House Ways and Means Committee planned to consider amendments to the bill today, and then possibly vote to send the measure to the full House for consideration. The one-year plan would increase spending on schools by an average […]
Peyton Manning announced a new initiative this morning aimed at fighting childhood obesity. The Indianapolis Colts quarterback and officials from the Peyton Manning Children’s Hospital at St. Vincent will launch a Hoosier school health and wellness campaign. Project 18, named after Manning’s jersey number, will focus on risky health behaviors in third- through fifth-grade students. […]
Germany-based VAT-Getriebetechnik, a manufacturer of wind turbines and renewable energy-powered lighting systems, announced Friday that it will locate its U.S. headquarters in Muncie. The company plans to create more than 120 new jobs by 2011 and invest $3.3 million in its facility at the city’s Park One Business Park. It will begin hiring engineers, service […]
Indianapolis Executive Airport in Zionsville will reopen its main runway Saturday after a $4.3 million resurfacing project paid for with federal stimulus funds, the airport announced today. It’s the first U.S. airport to benefit from stimulus money, said officials from Montgomery Aviation, which runs the airport. Resurfacing of the 5,300-foot runway resulted in a 45-day […]
Investigators are trying to determine what led to the death of a local man found in a creek on the north side of Indianapolis. A group of children discovered the body of Antonio Toledo, 39, yesterday near the Creekwood Apartments between Michigan and Ditch roads. Toledo lived a few blocks from the creek and was […]
Friends and family will gather this afternoon to remember Jeremiah Miller, 10, who was killed last Thursday by lightning while camping at Mike’s Southport Fishing Lakes. Jeremiah was struck as he ran for shelter. Funeral services will begin at 1 p.m. at Bell Mortuary and Crematory, 2310 W. Washington St.
