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Pulte Homes Inc. agreed to acquire Centex Corp. today in a stock-for-stock deal valued at $1.3 billion that will create the nation’s largest homebuilding company. The transaction, which also includes $1.8 billion of debt, will give the combined business a strong liquidity position with more than $3.4 billion in cash as of March 31. The […]
A bill that would allow fines against government workers who blatantly violate Indiana’s public access laws is in jeopardy. The state Senate unanimously approved the bill, which supporters say would put much-needed teeth into Indiana’s open door and public records laws. But a House committee chairman said yesterday that he doesn’t plan to give the […]
The Indiana Senate approved a bill yesterday to regulate large-scale dog-breeding operations, a move supporters said could help crack down on so-called puppy mills. The bill, which passed 46-3, would require people to register as breeders if they have more than 20 adult female dogs capable of breeding. The bill also would require those who […]
A new government subsidy that helps the unemployed keep health insurance has left recession-weary employers nervous about the financial hit they may take if more people stay covered under their plans. Though the subsidy covers most of the premium, many employers are still worried they’ll be left holding the bag on costs, according to a […]
Gen Con, one of city’s biggest annual conventions, has signed a five-year extension with the Indianapolis Convention & Visitors Association for 2011 through 2015. The four-day event held each August attracts almost 30,000 visitors who account for 25,000 hotel room nights and $26.9 million in annual visitor spending. It was the third largest convention in […]
Gen Con, one of city’s biggest annual conventions, has signed a five-year extension with the Indianapolis Convention & Visitors Association for 2011 through 2015. The four-day event held each August attracts almost 30,000 visitors who account for 25,000 hotel room nights and $26.9 million in annual visitor spending. It was the third largest convention in […]
Katy, bar the gate. Lots of workers are itching to jump to new jobs as soon as the economy shows a glimmer of strength, says Chris Woolard, a senior consultant at Walker Information.
Woolard has a window on worker attitudes through…
A large underground tank is being installed at Johnson Memorial Hospital as part of a project to safeguard against a repeat of flooding that caused more than $1 million in damage last year. The county-owned hospital had several inches of water on its first floor from the June 7 flooding that hit much of central […]
Leading local arts backers Jane Fortune and Robert Hesse are the driving forces behind Indianapolis City Ballet, a new professional dance company, IBJ learned this morning. Indianapolis has been without a high-profile professional ballet company since Ballet Internationale folded in November 2005 with $1 million in debt. Hesse has been working on the concept and […]
Duke Realty Corp. announced today that it raised $218 million in the first quarter through asset sales and financing maneuvers in an effort to pay down debt. The Indianapolis-based real estate company gained $156 million through the 10-year secured-debt financing of some of its suburban office and industrial properties. It also sold two office buildings […]
Leading local arts backers Jane Fortune and Robert Hesse are the driving forces behind Indianapolis City Ballet, a new professional dance company, IBJ learned this morning. Indianapolis has been without a high-profile professional ballet company since Ballet Internationale folded in November 2005 with $1 million in debt. Hesse has been working on the concept and […]
Lt. Gov. Becky Skillman this morning joined Indiana Department of Transportation employees and families who have lost loved ones in work zone-area accidents. Skillman made brief remarks honoring those individuals at the Indiana Government Center as part of Work Zone Awareness Week. Nationally, hundreds of people are killed in work zone accidents every year. Fox […]
Police are asking for help as they try to locate the killer of Lamont Wright, 27, who was shot and killed Monday outside a house in the 3800 block of Arthington Boulevard. Police have no suspects. Anyone with information should call Crime Stoppers at 317-262-TIPS.
A stolen car ended up in a creek this morning following an early-morning hit-and-run and police chase on the east side of Indianapolis. Lawrence police say cars in the chase reached speeds of 90 mph before the car’s driver lost control and crashed near 56th Street and Franklin Road. The driver was taken to Wishard […]
Police say a man posing as a helpful citizen faces felony rape charges. According to an affidavit, Imari Butler, 35, approached a woman at a near-north-side gas station last week and helped her change a flat tire. Butler allegedly attacked the woman in an alley after she gave him a ride home. He faces multiple […]
By MARCY GORDON WASHINGTON The chief executive of Goldman Sachs Group Inc. on Tuesday called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private equity funds. Lloyd Blankfein, who received compensation valued at nearly $43 million last year, said lessons from the financial crisis include […]
Duke Realty Corp. announced today that it raised $218 million in the first quarter through asset sales and financing maneuvers in an effort to pay down debt. The Indianapolis-based real estate company gained $156 million through the 10-year secured-debt financing of some of its suburban office and industrial properties. It also sold two office buildings […]
Open-wheel racing has long been bigger with the wine-and-cheese crowd than with the blue-collar bunch that made NASCAR the biggest racing circuit in North America. That’s been OK for Formula One, with its…
Stephen M. Hourigan began his new duties yesterday as executive director of the Indiana Economic Development Corp.’s small business and entrepreneurship initiatives. Hourigan, who will focus on encouraging creation of high-growth companies and small businesses, replaces Bruce Kidd. Kidd resigned in December to take a post as senior vice president at Indianapolis research firm Walker […]
Office vacancy rates increased for the fifth consecutive quarter both downtown and in the suburbs, according to the latest statistics from CB Richard Ellis, a sign that the economy continues to take its toll on the local market. The suburban office vacancy rate jumped to 20.27 percent in the first quarter, from 19.52 percent in […]
