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Indiana Gov. Mitch Daniels said today the budget bill the General Assembly voted on but did not pass last week would have consumed the state’s reserves at the end of two years and left a $1 billion shortfall. April’s revenues, announced this morning, were $255 million below a revised fiscal forecast issued last month. Daniels […]
The lingering recession is forcing the organizers of some of Indiana’s festivals to scale back their events or move them to more affordable venues before the state’s festival season gets under way. In Indianapolis, not-for-profit Storytelling Arts of Indiana canceled its long-running fall festival this year because it anticipates large cuts in city and state […]
Indianapolis-based medical device startup NICO Corp. announced it will introduce its first commercial product today at the American Association of Neurological Surgeons conference in San Diego. NICO, which stands for Neuro Interventional Co., was founded last year by a core group of entrepreneurs who had previously formed medical-device maker Suros Surgical Systems Inc., one of […]
Three days before the Indiana General Assembly was to end last week, Republican Gov. Mitch Daniels said one way to avoid an extra session was to be clear about what he could and could not accept in a new state budget. He said budget plans passed by House Democrats and Senate Republicans were not acceptable […]
Normal 0 false false false MicrosoftInternetExplorer4 Indiana Gov. Mitch Daniels said today the budget bill the General Assembly voted on but did not pass last week would have consumed the state’s reserves at the end of two years and left a $1 billion shortfall. April’s revenues, announced this morning, were $255 million below a revised […]
Indianapolis-based medical device startup NICO Corp. announced it will introduce its first commercial product today at the American Association of Neurological Surgeons conference in San Diego. NICO, which stands for Neuro Interventional Co., was founded last year by a core group of entrepreneurs who had previously formed medical-device maker Suros Surgical Systems Inc., one of […]
I wrote an article about the Indy Racing League’s long-term future for this week’s IBJ print edition that is getting quite a bit of attention from our readers. There are several reader comments…
Sometimes one extreme sheds light on another extreme, and in a day when the nationâ??s financial system is
under the microscope for making all manner of rotten loans, the experience of tiny Kentland Federal Savings
& Loan Association might be…
Construction spending rose unexpectedly in March after five straight declines, as strength in nonresidential projects and government building offset a further slide in housing. The Commerce Department said today construction spending increased 0.3 percent in March, the best showing since a similar rise last September. Economists surveyed by Thomson Reuters had expected spending to drop […]
A private ambulance service in Fort Wayne will close June 30, putting 116 people out of work. Colorado-based American Medical Response Ambulance Service Inc. alerted the Indiana Department of Workforce Development of the closure Friday. Employees affected include 69 paramedics, 23 emergency medical technicians and 11 dispatchers. AMR operates in 250 communities […]
President Barack Obama plans changes to tax policy likely to be unpopular with corporations with international divisions and individuals who use tax havens. Obama’s two-part plan, which he is slated to be unveiled at the White House today, also calls for 800 new federal tax agents to enforce the system. The president’s proposal would eliminate […]
Normal 0 false false false MicrosoftInternetExplorer4 Three days before the Indiana General Assembly was to end last week, Republican Gov. Mitch Daniels said one way to avoid an extra session was to be clear about what he could and could not accept in a new state budget. He said budget plans passed by House Democrats […]
Normal 0 false false false MicrosoftInternetExplorer4 The number of unlicensed, faith-based child care centers has grown by nearly 30 percent in Indiana since 2001, worrying supporters of state-licensed child-care centers struggling to hold their own. The state’s child care ministries are tax exempt and face minimal regulations, unlike Indiana’s highly regulated licensed centers, The Fort […]
The lingering recession is forcing the organizers of some of Indiana’s festivals to scale back their events or move them to more affordable venues before the state’s festival season gets under way. In Indianapolis, not-for-profit Storytelling Arts of Indiana canceled its long-running fall festival this year because it anticipates large cuts in city and state […]
Republicans and Democrats in the Indiana House had plenty to disagree about before they voted down a proposed state budget, forcing a special legislative session. But in the thick of talks over state spending, a heated debate emerged about whether the growth of charter schools should be limited. That discussion will likely continue as lawmakers […]
The Historic Landmarks Foundation of Indiana has added four new structures and an architectural feature to its annual list of the 10 Most Endangered Hoosier landmarks. Additions…
TV spots for Steak n Shake Co. used to play up the chain’s full-service restaurants, complete with friendly servers, real plates
and glass ketchup bottles—a departure from the "workaraunts" operated by McDonald’s and Burger King. Now, Steak n Shake is developing plans for its own workaraunts.
Critics say the Legislature’s plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of the financial
burden on already ailing businesses with the least ability to pay.
Compared with some of his pharmaceutical CEO peers these days, John Lechleiter has his company on a diet. Instead of using a mega-merger to bulk up before the famine that patent expirations will bring on the industry next year,
Lechleiter has Eli Lilly and Co. burning management fat while looking for smaller companies to munch on.
It took Pete and Candace Kissinger 33 years to build West Lafayette-based Bioanalytical Systems Inc. into one of the largest
contract research firms in Indiana’s life science sector. It took just a year and a half for them to turn against the company’s new management.
