Restaurant in a bit of a Pickle
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…
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Concessions couldn’t save local GM plant-WEB ONLY
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 […]
GM bankruptcy is 4th-biggest in U.S. history-WEB ONLY
General Motors filed for Chapter 11 bankruptcy protection today as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.GM’s bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company said it has $172.81 […]
Concessions couldn’t save local GM plant-WEB ONLY
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. United Auto Workers Local 23 President James Kendall said GM told union officials this morning the stamping operations on White River Parkway […]
Hurco stock falls on quarterly loss-WEB ONLY
Indianapolis-based Hurco Cos. reported a $281,000 loss in its latest fiscal quarter after sales dropped a whopping 65 percent. Hurco announced after the market closed Friday that it lost 4 cents per share in the second quarter, which ended April 30. That’s down dramatically from the $5.5 million, or 85 cents per share, it made […]
Fallen Hoosier airman to be honored today-WEB ONLY
Family and friends are scheduled to gather today to remember a Hoosier senior airman who lost her life in Afghanistan. Ashton Goodman, a 21-year-old Indianapolis native and Warren Central High School graduate, was killed last Tuesday by an improvised explosive device. Her visitation is from 5 p.m. to 7 p.m. today at Flanner and Buchanan […]
Food pantries struggle to meet demand-WEB ONLY
In a long, narrow room lined on both sides with metal and plywood shelving, a few dozen jars of peanut butter and cans of green beans dot the mostly vacant spaces in the Salvation Army food pantry. “We are a little bit empty right now,” said Rodney Morin, director of the Anderson pantry. Over the […]
Authorities searching for missing Linton woman-WEB ONLY
A search is ongoing for a missing 93-year-old woman from the rural town of Linton in Greene County. Esther Risher, who has been missing since Tuesday, drives a dark-blue 1993 four-door Buick Regal with Indiana license plate number 28C5471.
UPDATE: GM bankruptcy 4th-biggest in U.S. history-WEB ONLY
General Motors filed for Chapter 11 bankruptcy protection today as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government. Normal 0 false false false MicrosoftInternetExplorer4 GM’s bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial […]
Construction spending posts surprising gain-WEB ONLY
U.S. construction spending rose 0.8 percent in April, defying economists’ forecasts for a decline. The unexpected gain – the most since August – marked the second straight month that builders boosted spending on construction projects around the country, the Commerce Department reported today. Economists were bracing for a 1.2-percent drop in construction spending for April. […]
Two longtime Indiana University leaders retiring-WEB ONLY
Indiana University will lose two of its top Bloomington campus administrators as Richard McKaig and Terry Clapacs retire this summer. McKaig is the campus’ dean of students and will retire July 31 after 38 years at the university. Clapacs is the vice president and chief administration officer and will end his 43 years with IU […]
Hurco reports loss on falling sales-WEB ONLY
Indianapolis-based Hurco Cos. reported a $281,000 loss in its latest fiscal quarter after sales dropped a whopping 65 percent. Hurco announced after the market closed Friday that it lost 4 cents per share in the second quarter, which ended April 30. That’s down dramatically from the $5.5 million, or 85 cents per share, it made […]
Goodyear: Tire troubles solved
Goodyear officials in town today for a NASCAR tire test at the Indianapolis Motor Speedway said they have fixed problems that plagued the company’s tires at last year’s Brickyard 400.
NASCAR officials last year…
Indianapolis stamping plant on GM closure list-WEB ONLY
The union president who represents workers at a General Motors Corp. plant in Indianapolis says he’s saddened that the plant may close sooner than had been scheduled as part of GM’s bankruptcy reorganization. United Auto Workers Local 23 president James Kendall said GM told union officials this morning the stamping operations on White River Parkway […]
Judge OKs sale of most Chrysler assets to Fiat-WEB ONLY
A federal bankruptcy judge 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 a trio of Indiana state pension and construction funds filed an appeal, saying that the ruling sets aside the rights of […]
Consumer spending dips, savings rate surges-WEB ONLY
Frugal consumers trimmed spending in April – although by less than expected – as rising unemployment kept pocketbooks in check. With income growth far outpacing spending, Americans’ personal savings rate zoomed to 5.7 percent, the highest since February 1995, the Commerce Department reported today. Consumer spending dipped 0.1 percent in April. That was slightly less […]
General Motors begins bankruptcy filing-WEB ONLY
General Motors Corp., the century-old automaker battered by the economic downturn, mounting debt and management problems, filed for Chapter 11 bankruptcy protection this morning as part of an Obama administration plan to shrink the automaker to a sustainable size and give a majority-ownership stake to the federal government. GM’s bankruptcy filing is the fourth-largest in […]
Daniels to outline budget in live broadcast-WEB ONLY
Gov. Mitch Daniels will outline his latest budget proposal to Indiana residents during a live television broadcast tonight at 6 p.m., a day before going over the plan with lawmakers. Daniels’ office said Friday that the remarks will only last about 5 minutes. Tomorrow, a formal budget presentation will be made to a legislative committee. […]
Chrysler bankruptcy-sale ruling likely today-WEB ONLY
A bankruptcy judge said Friday that he will rule by today on whether Chrysler LLC can go forward with its plan sell most of the company to a group headed by Italy’s Fiat and take a big step toward its goal of a speedy exit from Chapter 11. U.S. Judge Arthur Gonzalez’s ruling will likely […]
General Motors preparing to announce bankruptcy-WEB ONLY
With the clock ticking on a June 1 government deadline to restructure, General Motors Corp. worked feverishly yesterday to shore up its global businesses to clear the way for a speedy reorganization in bankruptcy court. GM, part of American life for more than 100 years and once the country’s largest employer, is expected to file […]