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Normal 0 false false false MicrosoftInternetExplorer4 National home prices have fallen to levels not seen since the end of 2002, but a closer look at data released yesterday shows the worst may be over for some metropolitan areas. The Standard & Poor’s/Case-Shiller National Home Price index reported home prices tumbled by 19.1 percent in the […]
Normal 0 false false false MicrosoftInternetExplorer4 More than 90 percent of economists predict the recession will end this year, although the recovery is likely to be bumpy. That assessment came from leading forecasters in a survey by the National Association for Business Economics released today. It is generally in line with the outlook from Federal […]
Hoosiers see too many specialty physicians and are driving up health care costs as they do, according to a recent study by the Indiana University Center for Health Policy. Hoosier specialists are paid 84-percent more than primary-care doctors, and that gap has been widening rapidly since the mid-1990s. In addition, Indiana has nearly twice as […]
A Republican Congressional group says the climate bill passed by the House committee will amount to a massive tax increase and must be defeated. And it’s spreading its message in a series of energy summits, including one in Indianapolis today. Rep. Mike Pence from Indiana, who is chairman of the House Republican Conference and the […]
Normal 0 false false false MicrosoftInternetExplorer4 Indiana lawmakers will get a new look at the state’s finances today as they prepare for a special budget-writing legislative session in June. The State Budget Committee is slated to get a revised revenue forecast from a bipartisan group of fiscal analysts. A forecast released in April missed the […]
By BREE FOWLER AP Auto Writer NEW YORK A U.S. district judge said Tuesday that a legal review of Chrysler’s bankruptcy proceedings isn’t needed before a hearing on the sale of most of the automaker’s assets can take place. Judge Thomas Griesa denied a withdrawal motion from attorneys representing a pair of Indiana state pension […]
General Motors Corp. will give the United Auto Workers union 17.5 percent of its common stock, $6.5 billion of preferred shares and a $2.5 billion note to fund a trust that will take over retiree health care costs starting next year. The funding is part of a tentative agreement that union members will vote on […]
T-Mobile has inked a five-year lease for a 2,200-square-foot space at the northwest corner of Washington and Meridian streets. The store will be a corporate-owned “playground” store, a new…
Normal 0 false false false MicrosoftInternetExplorer4 The organization that promotes downtown Indianapolis activities said it is disappointed this year’s popular Labor Day fireworks program will not be held and is unsure whether another sponsor can be found. Indianapolis-based Emmis Communications Corp. has hosted SkyConcert for the past 26 years, but said Friday it has […]
Chrysler LLC fired back at Indiana Treasurer Richard Mourdock yesterday, saying his objection to the way the Michigan-based auto maker’s Chapter 11 bankruptcy proceeding is being handled could lead to its liquidation. Mourdock, who oversees pension funds for state teachers, police officers and construction workers, said in a May 20 statement that Chrysler’s plan to […]
Indianapolis Mayor Greg Ballard and his Infrastructure Advisory Committee say they will welcome input from citizens today in the first of a series of public meetings to explore the city’s infrastructure needs and priorities. The meeting is scheduled for 5 p.m. at the Indianapolis Public Schools Center for Inquiry, 725 N. New Jersey St.
Twenty-one Indiana Chrysler dealers have until the end of the day to file an appeal as they try to stay in business. Chrysler is planning to shut down hundreds of dealerships on June 9 as part of its restructuring. Three of those dealers are in Indianapolis: Gene Beltz Shadeland Dodge, Palmer Dodge West on Pike […]
A massive, multistate yard sale begins tomorrow and runs through Sunday along U.S. 40. The Historic National Road Yard Sale stretches from Maryland through Illinois, and includes stops here in Indiana. The 824-mile long route will host a wide array of bargains from vendors and civic and church organizations.
The organization that promotes downtown Indianapolis activities said it is disappointed this year’s popular Labor Day fireworks program will not be held and is unsure whether another sponsor can be found. Indianapolis-based Emmis Communications Corp. has hosted SkyConcert for the past 26 years, but said Friday it has been unable to gather the financial partners […]
Helio Castroneves has earned a record $3,048,005 for his third Indianapolis 500 victory. The prize money was awarded last night at the annual Victory Celebration Banquet. The largest purse in auto racing history boosted Castroneves’ career winnings at Indianapolis to a record $8.7 million.
Chrysler LLC fired back at Indiana Treasurer Richard Mourdock yesterday, saying his objection to the way the Michigan-based auto maker’s Chapter 11 bankruptcy proceeding is being handled could lead to its liquidation. Mourdock, who oversees pension funds for state teachers, police officers and construction workers, said in a May 20 statement that Chrysler’s plan to […]
There seems to be an increasing uproar in the Indy Racing League paddock that driver Milka Duno is a 200-mile-an-hour hazard that league officials need to deal with. The crew on Wind Tunnel…
A 132-unit apartment complex in Anderson that became mired in an alleged $225 million Ponzi scheme last year has a new owner. Bloomfield, Ind.-based Renewing Properties LLC has purchased the Hilltop Apartments at 4529 Columbus Ave. for a “little below $2 million,” said George Tikijian of Tikijian Associates, which brokered the deal. The complex fell […]
Churches, which tend to ride out recessions better than many other institutions, are struggling to finish
building projects, reporter Kathleen McLaughlin writes in this weekendâ??s IBJ.
The recession and stock market downturn have forced parishioners to scale back commitments,…
The two words frame the biggest question of the special legislative session Indiana Gov. Mitch Daniels is expected to call next month: What if lawmakers don’t pass a budget by June 30, when the current two-year spending plan expires? The Daniels administration is taking a “don’t even go there” approach. But Sen. Luke Kenley (R-Noblesville) […]
