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Indiana’s treasurer won’t invest any more money in the corporate debt of companies receiving federal funds after state pensions were stung by millions of dollars in losses in the Chrysler LLC bankruptcy. Treasurer Richard Mourdock says the administration of President Obama changed long-standing investment rules in the bankruptcy proceedings, causing the Indiana State Police Pension […]
Voters rejected millions of dollars in school projects in special elections yesterday in central and northern Indiana. In the Mooresville school district south of Indianapolis, voters rejected a proposed $50 million middle school, 2,689-1,674, and a $45 million high school renovation, 2,564-1,780. In the Nineveh-Hensley-Jackson school district that straddles Johnson and Morgan counties, a proposed […]
The candidate who nearly upset longtime Indiana Congressman Dan Burton in last year’s Republican primary is running against him again. John McGoff announced his candidacy today, becoming the third prominent Republican to launch a campaign to defeat Burton for the 5th Congressional District seat. McGoff is an Indianapolis physician and former Marion County coroner. Burton […]
Milwaukee-based Marshall & Ilsley Corp. said today it will sell up to $350 million of its common stock directly to the market and use the money for general corporate purposes. The bank, which has about 30 branches and 390 employees in the Indianapolis area, said it may also use some of the proceeds to repay […]
Indiana’s treasurer said he won’t invest more state money in the corporate debt of companies receiving federal cash after two funds he controls were stung by more than $1 million in combined losses in the Chrysler bankruptcy. Treasurer Richard Mourdock said today the Indiana State Police Pension Fund lost $147,400 and the Major Moves Construction […]
Indianapolis pharmaceutical company Eli Lilly and Co. has formed a diabetes marketing and education partnership with the Minnesota-based device maker Medtronic Inc., the two companies announced today. Lilly and Medtronic plan to use their marketing and sales teams to improve educational materials about Type 1 diabetes available to patients and physicians. Type 1 diabetes occurs […]
Arcadia Resources Inc., an Indianapolis-based provider of health care services, today announced that it has sold two divisions for a total of $11.2 million. The company unloaded its home health equipment and industrial staffing businesses in three separate transactions. California-based Pacific Pulmonary Services and Orlando, Fla.-based Aerocare Holdings Inc. purchased pieces of Arcadia’s home health […]
A new $3.1 billion price tag for the extension of Interstate 69 between Indianapolis and Evansville can be reduced by ignoring some federal rules, Indiana Gov. Mitch Daniels said. Speaking yesterday at a meeting of the Chamber of Commerce of Southwest Indiana in Evansville, Daniels said the latest Indiana Department of Transportation estimate could be […]
Elton John and Billy Joel bring their “Face 2 Face” tour to Conseco Fieldhouse tonight at 7:30 p.m. The legendary piano players will perform together and individually. The sold-out concert coincides with the 10th anniversary of the fieldhouse.
Westfield-based Standard Locknut LLC notified state officials Friday that it has laid off another 39 employees, following 35 who were idled in April. Standard Locknut, a manufacturer of bearings and steel components, said it laid off the employees after its largest customer began reducing inventory. The layoffs are expected to be temporary, but the company […]
Indy Parks and Recreation will host a public meeting tonight at 6 p.m. to discuss a plan to close the skating rink at Ellenberger Park. City officials say Indianapolis lost about $165,000 last year trying to keep the 47-year-old rink open.
Wet weather is continuing to frustrate the efforts of Indiana farmers to plant the state’s corn crop, which is now three weeks behind the average typically planted by mid-May. The weekly crop report shows 24 percent of Indiana’s corn crop had been planted by Sunday. That’s up from 11 percent planted the week before, but […]
Arcadia Resources Inc., an Indianapolis-based provider of health care services, today announced that it has sold two divisions for a total of $11.2 million. The company unloaded its home health equipment and industrial staffing businesses in three separate transactions. California-based Pacific Pulmonary Services and Orlando, Fla.-based Aerocare Holdings Inc. purchased pieces of Arcadia’s home health […]
Voters in three Indiana school districts head to the polls today to weigh in on several multi-million-dollar construction referendums. Officials from Mooresville Schools have submitted a $96 million plan to build a new middle school and renovate the existing high school. Voters in Trafalger are looking at a $26 million proposal to build an elementary […]
A new $3.1 billion price tag for the extension of Interstate 69 between Indianapolis and Evansville can be reduced by ignoring some federal rules, Indiana Gov. Mitch Daniels said.Speaking yesterday at a meeting of the Chamber of Commerce of Southwest Indiana in Evansville, Daniels said the latest Indiana Department of Transportation estimate could be trimmed […]
Indianapolis-based consumer ratings service Angie’s List announced today that it has signed on as a co-sponsor of Sarah Fisher’s team in this year’s Indianapolis 500. The company declined to divulge terms of the deal. Fisher, driving the No. 67 Dollar General car, will make her eighth start in Sunday’s race. She qualified 21st and will […]
Indiana’s treasurer says he won’t invest more state money in the corporate debt of companies receiving federal money after two funds he controls were stung by more than $1 million in combined losses in the Chrysler bankruptcy. Treasurer Richard Mourdock said today the Indiana State Police Pension Fund lost $147,400 and the Major Moves Construction […]
Indianapolis-based F.A. Wilhelm Construction Co. Inc. has been chosen to build a street-level enclosed connector linking the Indiana Convention Center to Lucas Oil Stadium, the Indiana Stadium & Convention Building Authority announced yesterday afternoon. Wilhelm, which bid $11.8 million for the project, submitted the lowest bid of six companies vying for the work, said Lori […]
Indianapolis pharmaceutical company Eli Lilly and Co. has formed a diabetes marketing and education partnership with the Minnesota-based device maker Medtronic Inc., the two companies announced today. Lilly and Medtronic plan to use their marketing and sales teams to improve educational materials about Type 1 diabetes available to patients and physicians. Type 1 diabetes occurs […]
Indianapolis-based Simon Property Group Inc. is supporting Target Corp.’s efforts to maintain ownership of its real estate rather than transferring it into a separate company as an activist shareholder is suggesting. Pershing Square Capital Management, a hedge fund engaged in a proxy battle with the Minneapolis-based retailer, is proposing that Target put its real estate […]
