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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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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.
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 […]
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. […]
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 […]
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 […]
