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State lawmakers could conduct more negotiations today on legislation to help the Capital Improvement Board fill its $47 million budget deficit. Key elements of the proposal include higher hotel, liquor, car-rental and ticket taxes in Indianapolis. In order to be enacted, the plan needs to be approved by the Legislature by April 29. It must […]
People across the country are marking a tragic anniversary today. Ten years ago, 13 students and one teacher were killed in a shooting at Columbine High School in Littleton, Colo. The school is closed today, and school officials plan a private memorial service tonight.
Friends and family will say goodbye today to a group of Hoosier engineers heading to Afghanistan. The 170 National Guard soldiers are based in LaPorte. The carpenters, electricians, heavy-equipment operators and others will work to improve living conditions and quality of life for U.S. troops stationed in Afghanistan. The departure ceremony will be held at […]
Eli Lilly and Co. saw only a slight bump in its share price this morning after reporting first quarter profit that exceeded analysts’ expectations by 21 percent. The Indianapolis-based drugmaker said part of that increase was caused by the rapid rise of the value of the U.S. dollar against foreign currencies. The benefit isn’t likely […]
Former Colts tight end Ben Utecht is releasing his self-titled debut album tomorrow on Stylos Records, distributed by World Entertainment. Utecht, who now plays for the Cincinnati Bengals, was part of the Colts’…
Eli Lilly and Co. would buy San Diego-based biotech company Amylin Pharmaceuticals Inc. if corporate raider Carl Icahn gets his way. Icahn, a major investor in Amylin, is pushing for an immediate sale of the company to Indianapolis-based Lilly, according to a letter written by Amylin’s lead independent director, James N. Wilson. Amylin and Lilly […]
The recession is hitting some northern Indiana counties so hard, even the Amish are making exceptions to their strict religious beliefs. In LaGrange and Elkhart counties, where much of the state’s Amish population is concentrated, the Amish church is allowing members to collect unemployment checks, the Chicago Tribune reported today. Amish shun most of life’s […]
Indianapolis was one of the first cities to sell naming rights for sports venues when RCA in 1994 was allowed to pay $10 million to puts its name on the Hoosier Dome.
The dome has been demolished and the Colts have…
Cinram Inc., a Toronto-based manufacturer and packager of CDs and CD-ROMs, plans to close its Indiana plant, costing 330 workers their jobs, according to the Richmond Palladium-Item. Company officials told workers and Richmond city officials that the plant would close this summer in phases, with the first phase on June 16, the second on June […]
Keep hope alive. That’s the stance Rep. Charlie Brown (D-Gary) is taking in hopes of reviving a bill that would impose a statewide smoking ban in enclosed public places. A version of the bill passed the House but went nowhere in the Senate. Now Brown hopes it finds new life in late-session conference committees, where […]
GM North America President Troy Clarke said in an e-mail to employees sent today that the layoffs are needed to ensure the company’s long-term viability. “In these unprecedented times, GM is reinventing every aspect of our business, including our organizational size and structure, to create a lean and agile company,” Clarke wrote in the e-mail […]
Eli Lilly and Co.’s profit soared above analysts’ expectations in the three months ended March 31. The Indianapolis-based drugmaker reported earnings per share of $1.20 this morning, well above the 99 cents Wall Street analysts had predicted, according to a survey by Thomson Financial. Lilly said first-quarter profit was $1.3 billion, up 24 percent from […]
City officials want to raise money by selling sponsorships, advertising and possibly even naming-rights deals for city-owned
properties as they attempt to chip away at a projected $23 million deficit in the municipal budget.
Indiana’s growing shipments to China averts a reversal in exports for the state, but core transportation equipment takes a
hit.
An industrywide bar-code identification system should be developed so that component objects used in manufacturing can be easily devolved and reused.
During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
Would embattled Emmis Communications Corp. sell its Monument Circle headquarters, a prized development that opened a decade
ago at what then-Mayor Steve Goldsmith called "the most important site in the city and the very center of Indiana?"
Throughout our visit to five countries in the Mideast, we found the people friendly and helpful.It is not our purpose on these trips to argue with the locals or try to convert them to our way of thinking, but simply to learn about them, their culture and ideas.
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
Familiarity with a foreign culture and its traditions can mean the difference between success and failure, or at least avoiding embarrassment.
