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Starting next school year, children may want to think twice about celebrating snow days. State schools chief Tony Bennett said yesterday that he will require schools to make up a day of school for each day they miss because of weather, ending a Department of Education practice that allowed exceptions. Bennett also said half-days and […]
ChaCha Search Inc. said today that it has raised $12 million in equity financing, which will allow the Carmel company to ramp up its advertising sales and support its newly opened New York office. The company also disclosed that it eliminated 25 jobs, shrinking its work force to 56. This isn’t ChaCha’s first belt-tightening. Late last year, […]
A fire that destroyed a six-story apartment complex under construction along the downtown Indianapolis canal last week was ruled an arson today. The fire gutted the $28 million Cosmopolitan on the Canal project that had been nearing completion and spread onto the roof of the adjacent headquarters of the Historic Landmarks Foundation of Indiana, causing […]
After days of fielding questions regarding the no-show of celebrities Justin Timberlake and Jessica Biel at last Friday’s opening of Indiana Live Casino, Coles Marketing Communications Inc. said today it is ending its contract with the Shelbyville casino. Barbara Coles, president of the Indianapolis public relations firm, said she had sent a notice of termination […]
The high number of out-of-work residents collecting jobless benefits in Indiana has triggered an automatic 13-week extension of unemployment benefits. The extended benefits program is for those who have exhausted up to 59 weeks of state and federal unemployment checks. Those in the program can collect unemployment for an additional 13 weeks, but they must […]
The United Way of Central Indiana announced this morning that it plans to cut funding to the agencies it supports by as much as 10 percent in the wake of steep endowment losses. Further, the organization is putting a one-year halt on certifying new agencies to protect existing agencies from further reductions, it said. The […]
FinishMaster Inc. today reported a $1.6 million profit in the fourth quarter, down nearly 30 percent from the same period in 2007. Sales decreased 7.6 percent, to $108 million, in the quarter ended Dec. 31 due entirely to same-branch sales declines, the Indianapolis-based automotive paint distributor said. “Economic conditions throughout the United States continued to […]
Crews have reopened several downtown streets that were shut down after last week’s massive fire on the canal. Michigan Street and the southern part of Senate Avenue opened to traffic this morning. Senate north of Michigan is scheduled to reopen tomorrow. Meanwhile, investigators are still trying to determine the cause of the fire that destroyed […]
Thousands of officers from more than 250 law-enforcement agencies across the state will patrol roads today to curb dangerous St. Patrick’s Day driving. They’ll conduct sobriety checkpoints and saturation patrols to detect and arrest anyone caught driving while intoxicated.
Lawyers will deliver opening statements today in the trial of a Plainfield woman accused of killing her newborn baby. Katie McCoy, 20, allegedly hid her pregnancy while she was a student at Bellarmine University in Kentucky. Police say she delivered the baby in October 2007 and let the newborn drown in a dorm toilet. McCoy […]
The trio of attorneys who practice in the local office of Barnes & Thornburg LLP’s life sciences group is a self-deprecating, peculiar bunch. Not only are the three the punch line of an occasional lawyer joke, but they’re also the target of lighthearted ribbing about their scholarly credentials. “We’re the geeky group,” patent attorney Kevin […]
Three entrepreneurs from the medical and software realms are herding angels to invest in upstart life sciences companies in Indiana. StepStone Angels won’t be a fund, per se, but a membership-based group that brings together wealthy investors and slides promising companies their way for evaluation.
Cameras are set to roll downtown next month when a local production company begins filming its first motion picture. Adrenaline Motion Pictures LLC wrote and financed the independent feature film “Amanda.” Production is expected to begin April 13 and last about four months. Steve Marra, an Indianapolis native who founded the company in 2005, said […]
The Pike Performing Arts Center is losing both its flagship season series and its director due to budget constraints. The Metropolitan School District of Pike Township cited a lack of funding as its reason to cancel the six-show season, which most recently featured the BodyVox dance troupe in February. The positions held by center director […]
The Pike Performing Arts Center is losing both its flagship season series and its director due to budget constraints. The Metropolitan School District of Pike Township cited a lack of funding as its reason to cancel the six-show season, which most recently featured the BodyVox dance troupe in February. The positions held by center director […]
FinishMaster Inc. today reported a $1.6 million profit in the fourth quarter, down nearly 30 percent from the same period in 2007. Sales decreased 7.6 percent, to $108 million, in the quarter ended Dec. 31 due entirely to same-branch sales declines, the Indianapolis-based automotive paint distributor said. “Economic conditions throughout the United States continued to […]
Financial planning offices can be good places to pick up on societal trends, and Juli Erhart-Graves thinks she’s onto one.
People of her generation—Erhart-Graves is 39—are experiencing a sobering reality check about investing and the economy.
Erhart-Graves, a partner with longtime financial…
The Center Grove School Board voted unanimously last night to indefinitely postpone a $142 million school renovation plan, according to the Johnson County Daily Journal. The school district south of Indianapolis had been planning to hold a referendum on the proposed plan in May. The project would upgrade the high school, consolidate elementary schools in […]
The number of new housing projects that builders broke ground in February rose sharply, defying economist forecasts for yet another drop in activity. The Commerce Department reported today that construction of new homes and apartments jumped 22.2 percent from January to a seasonally adjusted annual rate of 583,000 units. Economists were expecting construction to drop […]
Caterpillar Inc. is laying off 439 employees at an Indiana engine plant for at least six months, it announced today. The company said the layoffs at the Lafayette plant are in response to lower demand for its products. The diesel engines produced at the factory are used in marine, petroleum, electric power, locomotive and industrial […]
