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State and city officials will be at BioStorage Technologies Inc. on the west side of Indianapolis this morning to announce an expansion of the company. Indianapolis-based BioStorage Technologies provides long-term cold storage for advanced biomaterials used in drug development. The company, co-founded in 2002 by CEO Dr. F. John Mills, currently has 80 employees. BioStorage […]
The Indianapolis Motor Speedway this afternoon released a statement denying a published report that Tony George had been told to step down as CEO of IMS by the track’s board of directors after a meeting last night. The statement did confirm that George’s role in the management of various Hulman family businesses was discussed at […]
Tony George denied a report today that he has been ousted as CEO of the Indianapolis Motor Speedway Normal 0 false false false MicrosoftInternetExplorer4 . However, Ron Green, official spokesperson for IMS, said he would “neither confirm nor deny” the report, and said the speedway will issue a statement regarding the matter this afternoon. Meanwhile, […]
A new state revenue forecast predicts that Indiana will take in $1 billion less in taxes through June 2011 than predicted in a more-optimistic estimate made just last month. The estimates show the state taking in less revenue in 2009 than 2008. But the May forecast predicts slight growth in fiscal year 2010 and growth […]
Normal 0 false false false MicrosoftInternetExplorer4 California-based Alorica Inc. announced today that it will create more than 600 jobs by establishing a customer-service center in Lafayette. The company, which provides customer-support services ranging from call-center operations to Web-traceable service logistics, will occupy a 49,900-square-foot building on Sagamore Parkway in a building previously used by an […]
Normal 0 false false false MicrosoftInternetExplorer4 Raleigh, N.C.-based Stock Building Supply Holdings LLC notified the Indiana Department of Workforce Development yesterday that it will close its Franklin location, leaving 85 employees jobless. The troubled supplier of building materials said the store on North Morton Street should close July 12. The company has 200 locations in […]
Police have issued a safety alert after a central Indiana man was shot with a pellet gun over the weekend while walking the Monon Trail near the Indiana State Fairgrounds. The victim said four young boys approached him, and one of the boys shot him in the stomach. Indy Parks officials are urging people who […]
Vitor Meira was released from Methodist Hospital this morning, but he will need four to six months to fully heal after his serious crash at the Indianapolis 500. The IndyCar driver broke two vertebrae Sunday when he collided with rookie Raphael Matos late in the race. Fox 59 will have more at 10 p.m.
America’s longest continuous yard sale starts today. The National Historic Road Yard Sale along U.S. 40 stretches from Maryland to Illinois, covering six states and 824 miles. Here in Indiana, the sale runs from Richmond on the east side of the state to Terre Haute on the west side. The sale ends Sunday.
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 mark by $255 million for revenue […]
Indiana’s farmers made quick progress last week planting corn and soybeans thanks to good weather that dried out fields after several rainy weeks. The U.S. Department of Agriculture said 55 percent of Indiana’s corn had been planted as of Sunday. That’s up from 24 percent a week before, but 19 days behind the average pace. […]
Tony George was voted out as chairman of the Indianapolis Motor Speedway last night by the IMS board of directors after 20 years in charge, SpeedTV.com is reporting. IMS board members include George’s mother, Mari; his sisters Josie, Nancy and Kathy; attorney Jack Snyder and George himself. George, 49, will reportedly retain his position as […]
Indianapolis Colts quarterback Peyton Manning isn’t the only one confused about the future of coaches Tom Moore and Howard Mudd. Colts President Bill Polian said he too has found it hard to follow…
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 […]
