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Emmis Communications Corp. this morning reported a big fiscal fourth-quarter loss as revenue fell 20 percent from a year earlier. The Indianapolis-based radio-broadcasting and magazine-publishing company lost $158.5 million, or $4.29 per share, in the fourth quarter ended Feb. 28 on revenue of $68.5 million. That compares to a loss of $18 million, or 52 […]
Gov. Mitch Daniels has signed legislation designed to fix Indiana’s bankrupt unemployment insurance fund. The bill approved by the General Assembly in April will dramatically increase unemployment taxes on many employers but would not cut benefit payments. Proponents say it also will close loopholes in the system and make other changes to save money. Daniels […]
Steel producer ArcelorMittal plans to indefinitely lay off 978 workers from a northwestern Indiana plant. The world’s largest steel maker said it will stop iron-producing operations at its Indiana Harbor West mill until market conditions improve. Another blast furnace at Burns Harbor will remain in operation. Luxembourg-based ArcelorMittal blamed the “extraordinary economic environment” for the […]
Police have made an arrest in a purse-snatching ring that targeted older women in Indianapolis. Investigators believe Laritha Martin and five other female accomplices searched store parking lots for older women, followed them home and robbed them. Police say they found purses from multiple victims inside Martin’s home on North Carrolton Avenue. They are still […]
Officials from Citizens Gas and Indianapolis Power & Light are warning customers about a fraudulent utility-bill scheme in the Indianapolis area. Customers should not give money to anyone offering to pay a bill for them, or to anyone offering to provide matching energy-assistance funds, they said. If you receive an unsolicited offer to cover the […]
Dr. Hamburger can no longer blame Zyprexa for making you fat. At least he can’t as part of lawsuits brought by patients against Zyprexa’s maker, Indianapolis-based Eli Lilly and Co. Zyprexa treats schizophrenia and bipolar disorder. Federal Judge Jack B. Weinstein in Brooklyn, N.Y., yesterday decided to exclude the expert testimony of Dr. Stephen Hamburger, […]
Three Indiana men were killed when a fuel-storage tanker exploded yesterday afternoon near Little Rock, Ark. The victims were all contract welders, employed by Kentucky-based C & C Welding. Two of the victims, Stoney Powell, 45, and Roy Mathis, 60, were from Wheatfield and the other, William Decker, 48, was from Scottsburg. Fox will have […]
Firehouse Subs said yesterday it plans to open its first store in the Indianapolis area this summer, with as many as 27 more to follow within the next seven years. But a local retail real estate broker who once owned several franchise restaurants thinks an already saturated sub-sandwich market will make it difficult for the […]
Top executives at Muncie-based Cardinal Health System are heading out the door as the hospital continues its integration with Indianapolis-based Clarian Health. Three executives will retire by the end of the May, Cardinal announced today, and CEO Kelly Stanley will retire at year’s end. Also, Stanley’s assistant, Karen Swank, will retire at the end of […]
Retail sales fell for a second straight month in April, a disappointing performance that raised doubts about whether consumers were regaining their desire to shop. A rebound in consumer demand is a necessary ingredient for ending the recession. Normal 0 false false false MicrosoftInternetExplorer4 The Commerce Department said today that retail sales fell 0.4 percent […]
Questions linger about Indiana Pacers forward Danny Granger.
Can Granger, who was named yesterday as the NBA’s Most Improved Player for the 2008-09 season, become a lock down defender ala Ron Artest and Kobe Bryant?
Can…
Arts organizations are tweeting. Arts organizations are facebooking. Arts organizations are inviting you to post reviews on their sites. Arts organizations are asking you to participate in surveys. Arts organizations seem to be trying every way to reach out to…
Dr. Hamburger can no longer blame Zyprexa for making you fat. Normal 0 false false false MicrosoftInternetExplorer4 At least he can’t as part of lawsuits brought by patients against Zyprexa’s maker, Indianapolis-based Eli Lilly and Co. Zyprexa treats schizophrenia and bipolar disorder. Federal Judge Jack B. Weinstein in Brooklyn, N.Y., yesterday decided to exclude the […]
Indiana University handed the stateâ??s life sciences industry a nice love letter today in the form of a study.
Pharmaceuticals, medical equipment and health care supplies were responsible for nearly a fourth of all jobs
created in the state…
With more people out of work and without health insurance, you’d expect that the county-owned Wishard Health Services, whose mission is to treat the poor and indigent, would be flooded. Well, it is, but not any more than usual. Occupancy at its hospital in downtown Indianapolis was 98 percent before the recession and is still […]
Shares of Kite Realty Group Trust dropped in after-hours trading yesterday after the Indianapolis-based real estate investment trust said it expects 2009 funds from operations between 65 cents to 72 cents per share, which is below its prior guidance. On May 7, the company had forecast funds from operations between 83 cents and 93 cents […]
Fort Wayne-based scrap-metal processor OmniSource Corp. has cut 209 jobs, including 135 at its hometown operations. The company employs almost 2,600 people, including nearly 2,000 in Indiana, Ohio and Michigan. OmniSource chief operating officer Mark Millett said the cuts announced yesterday followed a “comprehensive review” of the company’s operation. He said some work is now […]
In an average year, southwestern-Illinois farmer Richard Borgsmiller would have his 300-acre corn crop in the ground. This isn’t an average year. Like farmers across the eastern Corn Belt, Borgsmiller has not even started planting thanks to a wet spring. He’s stuck waiting for a rain-free window long enough to dry out his land near […]
The Indianapolis Housing Agency has selected Flaherty & Collins Properties to lead an effort to develop land that surrounds two downtown public housing towers. The group’s board picked the locally based developer from five contenders at a meeting yesterday afternoon. The parties still must negotiate a development agreement with details, including the price for three […]
The Indianapolis Housing Agency has selected Flaherty & Collins Properties to lead an effort to develop land that surrounds two downtown public housing towers. The group’s board picked the locally based developer from five contenders at a meeting this afternoon. The parties still must negotiate a development agreement with details, including the price for three […]
