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General Motors Corp. has a tentative agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China, a person briefed on the deal said today. GM announced earlier today that it has a memorandum of understanding to sell the brand of rugged SUVs, but the company didn’t disclose the buyer. The […]
A proposed incentive deal to kick-start a $65-million development adjacent to the former site of Market Square Arena calls for the…
Normal 0 false false false MicrosoftInternetExplorer4 A proposed incentive deal designed to kick-start development adjacent to the former site of Market Square Arena calls for the city to fund the entire purchase price of two prime parcels. A local developer, Tadd M. Miller, plans to invest as much as $65 million to redevelop the long-vacant […]
Caterpillar Inc. again is cutting the hours of employees at its locations in Lafayette, the Peoria, Ill.-based company said in a notice to state officials. Nearly 160 workers at Caterpillar Logistics Services Inc. will have their hours reduced by at least half starting Aug. 24, the company said. The new work schedule is expected to […]
A former state attorney for the health department faces up to eight years in prison after pleading guilty in a deadly drunk-driving accident. Terry Record, 28, is scheduled to be sentenced this afternoon for a 2007 crash that killed a man. Investigators say Record was drinking at a strip club on the southeast side of […]
Westfield High School seniors can’t wait to kick off their shoes after graduation. In fact, some of them will be barefoot when they get their diplomas tonight. The students plan to walk barefoot to support the not-for-profit group Samaritan’s Feet, which provides shoes for needy kids around the world.
A Hamilton County Circuit Court Judge has authorized the sale of the house and airplane of former financial adviser Marcus Schrenker. Schrenker, who goes on trial next week in a U.S. District Court in Florida, is accused of intentionally crashing an airplane in January in an attempt to fake his death. His wife, Michelle Schrenker, […]
A proposed incentive deal designed to kick-start development adjacent to the former site of Market Square Arena calls for the city to fund the entire purchase price of two prime parcels. A local developer, Tadd M. Miller, plans to invest as much as $65 million to redevelop the long-vacant Bank One operations center and a […]
Normal 0 false false false MicrosoftInternetExplorer4 Normal 0 false false false MicrosoftInternetExplorer4 Caterpillar Inc. again is cutting the hours of employees at its locations in Lafayette, the Peoria, Ill.-based company said in a notice to state officials. Nearly 160 workers at Caterpillar Logistics Services Inc. will have their hours reduced by at least half starting […]
In his five-minute address last night, Mitch Daniels referred to other statesâ?? fiscal woes no fewer than
four times.
Daniels, who is so fiscally conservative that one wonders whether he darns his own socks, is rightfully proud
that his state hasnâ??t…
The owners of car dealerships slated for closure by Chrysler and General Motors face a tough environment for unloading their real estate, but an expected onslaught of such properties has at least one company preparing to grab a slice of the business. CB Richard Ellis has formed an Automobile Dealership Services group to dispose of […]
General Motors Corp. said today that it has tentatively agreed to sell its Hummer brand, a day after the U.S. automaker filed for bankruptcy protection with hopes that it will transform its most profitable assets into a new company within just 30 days. The Detroit-based company did not name the proposed buyer or the price, […]
Electronics retailer HHGregg Inc. said it expects same-store sales to continue to drop sharply in the next few quarters as purchases of appliances and mattresses fall. The company today reported an 8.3-percent drop in fiscal 2009 same-store sales, a key measure of health for retailers. HHGregg expects to report another 7-percent to 12-percent drop during […]
A federal bankruptcy judge has approved the sale of most of Chrysler LLC’s assets to Italy’s Fiat, moving the American automaker a step closer to its goal of a quick exit from court protection. But it didn’t take long for a trio of Indiana state pension and construction funds to file an appeal, saying that […]
Indiana Gov. Mitch Daniels wants to slash overall state spending by 2.5 percent, but the budget he outlined in a live broadcast last night would give public schools and student aid a boost. The Republican governor also said he’s willing to reach into the state’s piggy bank – a bit. He said he wants to […]
“Wicked” hasn’t yet opened at the Murat Theatre, but that doesn’t mean we can’t look ahead to what’s happening in the about-to-be-announced 2009/2010 Broadway in Indianapolis series — which contains four first-time-in-Indy musicals (and doesn’t really get rolling until December).
–“The…
The city plans to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former home of Market Square Arena. Plans for the mid-rise project call for 600 apartments and 37,000 square feet of retail space at the long-vacant former Bank One operations center, which occupies a full city block […]
The city plans to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former home of Market Square Arena. Parking garage resolution and Tax abatement resolution. Plans for the mid-rise project call for 600 apartments and 37,000 square feet of retail space at the long-vacant former Bank One operations […]
Indianapolis didn’t exactly warm to Spicy Pickle. The Denver-based restaurant chain shut down both of its Indianapolis-area locations shortly after opening them last year. But the chain hasn’t rid itself…
The union president who represents workers at a General Motors Corp. plant in Indianapolis says he’s saddened that the plant might close sooner than had been expected as part of GM’s bankruptcy reorganization. Normal 0 false false false MicrosoftInternetExplorer4 United Auto Workers Local 23 President James Kendall said GM told union officials this morning the […]
