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Lauth Group Inc. says it was forced to file for Chapter 11 bankruptcy last week after its largest creditor launched an effort to “cherry pick” the developer’s best properties and let the rest collapse “to the detriment of all other creditors.” The locally based developer, once the nation’s 13th largest, said attempts by Chicago-based Inland […]
The struggling stock market took its toll on Lilly Endowment in 2008, dropping the value of its assets by 26 percent, from $7.7 billion to $5.7 billion, it announced today. The Indianapolis-based endowment’s value hit its lowest level in more than 10 years. The most recent peak was $15.5 billion in 2000. The drop means […]
ORDINANCE NO Susan Wampler 11.9999 Normal 0 false false false MicrosoftInternetExplorer4 Well-known local banking executive Mike Alley has been named interim chairman and CEO of Evansville-based Integra Bank, the company announced today. Alley, who retired from banking in 2002 after 13 years as president and CEO of Fifth Third Indiana, will lead the troubled […]
Workers at a Cummins Inc. engine plant are working only two days this week and may see additional cuts in hours due to the shutdown of a Chrysler pickup truck assembly plant in Mexico. The Cummins Midrange Engine Plant in Walesboro makes engines for the Chrysler plant in Saltillo, Mexico, which has been shut down […]
Two men are in critical condition this morning after they were shot last night in the 3400 block of Broadway Street in Indianapolis. Police say up to 30 shots were fired. The victims, ages 56 and 32, were taken to Wishard Hospital and are expected to survive their injuries. Police are looking for a dark-colored […]
Indy 500 festivities kick into gear today at the Indianapolis Motor Speedway when rookie drivers hit the track for their first practice this morning and orientation program this afternoon from 2-5 p.m. Tomorrow marks the track’s official opening day. Gates open at 9 a.m.
Well-known local banking executive Mike Alley has been named interim chairman and CEO of Evansville-based Integra Bank, the company announced today. Alley, who retired from banking in 2002 after 13 years as president and CEO of Fifth Third Indiana, will lead the troubled Evansville bank until a permanent replacement is found. A search firm has […]
The struggling stock market took its toll on Lilly Endowment in 2008, dropping the value of its assets by 26 percent, from $7.7 billion to $5.7 billion, it announced today. The Indianapolis-based endowment’s value hit its lowest level in more than 10 years. The most recent peak was $15.5 billion in 2000. The drop means […]
Evansville-based Mead Johnson Nutrition Co. will receive $2.7 million in incentives from Illinois when it moves its headquarters to the Chicago suburbs later this month, the Chicago Tribune reported yesterday.The company, which has been based in Evansville since 1915, plans to move about 50 executives, including finance, legal and marketing managers, to Glenview, Ill., in […]
Crews are breaking ground today on Lawrence Village at the Fort. It’s part of a $9 million project that marks the final phase of the decade-long redevelopment of Fort Benjamin Harrison. Plans call for new streets, parks, bike paths and rain gardens on the 90-acre site. Village at the Fort will include shops, offices and […]
Indiana police have been investigating an increasing number of violent videos posted online by teenagers. In March, a 45-second video showing a brawl inside Danville Community High School appeared on YouTube. Scenes like it are becoming more common on the Internet as teenagers use cell-phone cameras to record fights. Fox 59 will have more at […]
ORDINANCE NO Susan Wampler 11.9999 Normal 0 false false false MicrosoftInternetExplorer4 Evansville-based Mead Johnson Nutrition Co. will receive $2.7 million in incentives from Illinois when it moves its headquarters to the Chicago suburbs later this month, the Chicago Tribune reported yesterday. The company, which has been based in Evansville since 1915, plans to move about […]
A prediction by a military historian in a recent issue of Foreign Policy has something for everyone, including
people interested in companies right here in Indiana.
Writing in a special section about the future, Martin van Creveld notes that…
Indiana University basketball coach Tom Crean—and his connection to the Harbaugh family—will be the focus of a documentary produced by NFL Films.
An NFL Films crew visited Bloomington last week to film Crean with…
Here’s more from the looking-ahead file:
–Indianapolis Opera, which has its “Das Rheingold” collaboration with the ISO coming up on the 15th, has just anounced its 2009/2010 season.
It kicks off October 2 with Indianapolis native Angela Brown in her first…
It’s not just residential home sellers facing increasingly brazen buyers these days. As the economy recedes, commercial brokers say a growing number of office, industrial and retail tenants are requesting steep rent reductions to cope with losses. “They’re in trouble and you feel for them,” said Danny Marr, a partner and principle broker with Veritas […]
The Franklin City Council voted 6-1 last night to make the city’s smoking ban one of the most restrictive in Indiana. Franklin, located south of Indianapolis in Johnson County, previously passed a workplace smoking ban in 2006, but excluded some areas, including 21-and-over bars and private clubs. The new ordinance, set to take effect in […]
Hill-Rom Holdings Inc. topped analysts’ lowered profit expectations in its second quarter even as hospital-spending cuts shrank its revenue by 10 percent, the company announced late yesterday. The Batesville-based maker of hospital equipment reported profit of $16.6 million, or 27 cents per share, in the quarter ended March 31. Those numbers excluded a bevy of […]
Regional airline operator Republic Airways Holdings Inc. said yesterday its first quarter profit fell by 89 percent as costs rose and traffic fell slightly. Indianapolis-based Republic, which flies regional jets for carriers including Delta Air Lines, United Airlines, and US Airways, said it earned $2.2 million, or 6 cents per share, during the quarter that […]
Indiana Gov. Mitch Daniels wants a new state revenue forecast before he calls lawmakers back for a special session to write a budget, saying that a revised forecast issued last month was so far off in April that a new starting point is in order. That and other comments he made yesterday drew mixed reactions […]
