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Purdue University plans to boost its student scholarship program with a $6 million donation. Purdue officials said today that that donation was the school’s largest-ever cash gift for scholarships. The school says the donor wants to remain anonymous. An additional $2 million from the donor will go toward other university projects. The scholarship donation will […]
Indiana state tax collections were down $157 million in March, with total revenues $755 million less for the first nine months of the fiscal year than lawmakers had approved for spending. Revenues have fallen short of original projections in eight of the nine months so far in this fiscal year. They were $4.1 million ahead […]
IBJ reporter Kathleen McLaughlin chimes in with an update on the latest downtown public art showcase:
Installation of “George Rickey: An Evolution” begins April 21 at 10 locations downtown. Printed guides will be…
Indianapolis-based Consona Corp. announced today it would acquire the enterprise-software-related assets of Redwood City, Calif.-based SupportSoft Inc. for about $20 million in cash. Consona, formerly Made2Manage Systems Inc., is a private company owned by Waltham, Mass.-based venture capital fund Battery Ventures VI LP and Chicago-based private equity firm Thoma Bravo LLC. The transaction should be […]
Indianapolis-based Emmis Communications Corp. has agreed to lease struggling Los Angeles radio station KMVN-FM to Mexico’s Grupo Radio Centro in a deal that likely will lead to an acquisition of the station. Under the seven-year deal that takes effect April 15, GRC will pay Emmis $7 million annually, with $14 million paid up front. Mexico […]
Virginia-based Sallie Mae said this morning that it would bring 2,000 jobs to the United States within the next 18 months by shifting call-center and other operations from overseas. Sallie Mae, the nation’s largest private student lender, said in a statement that it would hire call-center, information-technology and support employees. The company didn’t identify where […]
About 1,800 Indianapolis-area AT&T workers could go on strike if they don’t reach a deal with the company soon. Their contract expired Sunday morning, but they showed up for work today. The union is trying to keep AT&T from raising health care insurance premiums. AT&T said it is paying 92 percent of the health care […]
Wall Street will be watching when the federal government unveils final Medicare Advantage rates for 2010 after markets close today. So will health care insurers, including Indianapolis-based WellPoint Inc. Two months ago, several insurance stocks sank sharply after the release of preliminary data showed rate increases to be smaller than analysts expected. Medicare Advantage allows […]
Indianapolis-based Consona Corp. announced today it would acquire the enterprise-software-related assets of Redwood City, Calif.-based SupportSoft Inc. for about $20 million in cash. Consona, formerly Made2Manage Systems Inc., is a private company owned by Waltham, Mass.-based venture capital fund Battery Ventures VI LP and Chicago-based private equity firm Thoma Bravo LLC. The transaction should be […]
Investigators are expected to release new details today about an accident that killed two people in Martinsville yesterday afternoon near State Road 37 and Legendary Drive. According to witnesses, the driver hit an embankment and crashed into a nearby creek. The identities of the victims haven’t been released.
Businesses at a Montgomery County employment fair are offering hundreds of job opportunities today in a variety of fields, including health care, manufacturing, information technology, education and government. The Hoosier Job Fair runs until 3 p.m. at Crawfordsville High School.
Indianapolis-based Emmis Communications Corp. has agreed to lease struggling Los Angeles radio station KMVN-FM to Mexico’s Grupo Radio Centro in a deal that likely will lead to an acquisition of the station. Under the seven-year deal that takes effect April 15, GRC will pay Emmis $7 million annually, with $14 million paid up front. Mexico […]
Cleaning up a methamphetamine lab has become so expensive under Indiana law that in some cases it’s cheaper to tear down the house or tow the trailer home from where its located to a dump.
Apartment owners also are…
It was an odd site before the Indy Racing League race in St. Petersburg Sunday. There was Danica Patrick talking about her new approach to racing. She was telling Versus’ Jack Arute that…
Wall Street will be watching when the federal government unveils final Medicare Advantage rates for 2010 after markets close today. So will health care insurers, including Indianapolis-based WellPoint Inc. Two months ago, several insurance stocks sank sharply after the release of preliminary data showed rate increases to be smaller than analysts expected. Medicare Advantage allows […]
Barnes & Thornburg LLP has opened a law office in Atlanta – its eighth overall and first in the Southeast. The Indianapolis-based law firm sought an Atlanta presence to serve existing clients in the region and to be in a city considered a business center, said Alan Levin, Barnes & Thornburg’s managing partner, in a […]
While Indy Racing League officials are still awaiting the Nielsen ratings from the open-wheel series’ first race on cable station Versus, this much is clear: The coverage of yesterday’s race in St. Petersburg,…
Evansville officials have a downtown site in mind for a new 11,000-seat arena that they hope to start building this summer. Some business owners located in the two-block area, however, are clear that they want to stay. Much of the property is owned by the O’Daniel family, which operates D-Patrick Ford on the site. The […]
The fight between House Republicans and Democrats over constitutional caps on property taxes has become kind of strange. The partisan positions for and against voting this year to put property-tax caps into the state constitution raise legitimate arguments for each side. It’s how the battle has played out that’s been bizarre. It has involved projectors, […]
Though I’m an economist, and not much skilled at matters of the heart, it seems to me there’s something amiss in today’s national psyche. There’s no real sense of purpose or unity. For those of us old enough to have had very close relatives who lived through the Great Depression, today just feels different from […]
