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The city’s Capital Improvement Board approved cutting an additional $1.5 million from its annual budget today and may have moved a step closer toward funding its annual operating budget with an increase in hospitality taxes. Local sports teams have been reluctant or noncommittal about shouldering a bigger financial load, CIB officials said. As a result, […]
The West Coast fast-food stalwart Jack in the Box is looking to expand to Indianapolis this year. The San Diego-based burger chain plans…
Eli Lilly and Co. asked a judge today to block Teva Pharmaceutical Industries Ltd. from selling a cheaper generic copy of Lilly’s osteoporosis drug Evista, Bloomberg News reported. Indianapolis-based Lilly made the request before U.S. District Judge Sarah Evans Barker, who didn’t make a ruling today, the first day of a patent-infringement trial between the […]
A new French Lick Airport terminal designed to serve a growing number of travelers to southern Indiana’s Springs Valley will be nearly five times the size of the current facility built more than 40 years ago. “It kind of had fallen on bad times and is not the image we like to project as we […]
The Indianapolis Museum of Art has selected Sodexo Inc. to replace Wolfgang Puck as its restaurant operator and to share museum catering responsibilities with Kahn’s Catering in Carmel. The IMA’s announcement this morning culminates a six-month search following the museum’s decision in September to restructure its food-service operations. Based in Maryland, Sodexo employs 120,000 […]
Indianapolis-based Allison Transmission Inc. has completed the first production-quality transmission that could be used in a new amphibious fighting vehicle for the U.S. Marine Corps – a development that could mean substantial work for the local manufacturer. “We’re getting closer to gaining a very, very large contract,” Allison spokesman Eric Dickerson said. Allison was scheduled […]
Emmis Communications Corp. says in a new regulatory filing that it hopes the job cuts and pay reductions announced last week will save it about $10 million a year. Emmis, which owns radio stations and publishes city magazines, eliminated 91 full-time employees and 14 part-timers. The cuts represented 7.5 percent of its work force. In […]
At least 19 homes were damaged in Lawrence County yesterday as strong storms hit parts of southern Indiana. In northern Indiana, a tornado touched down near Columbia City, destroying three trailers at a mobile home park and damaging about 20 others. Numerous injuries were reported, but none serious. More severe storms are expected tomorrow, with […]
The children of Leonard Bernstein have donated the contents of the famed composer’s Fairfield, Conn., studio to Indiana University’s Jacobs School of Music, the school announced today. Among the donations: a conducting stool from the Vienna Philharmonic that is said to have been used by Johannes Brahms, 39 Grammy-nomination plaques, Bernstein’s stand-up composing table, a […]
The Indianapolis Museum of Art has selected Sodexo Inc. to replace Wolfgang Puck as its restaurant operator and to share museum catering responsibilities with Kahn’s Catering in Carmel. The IMA’s announcement this morning culminates a six-month search following the museum’s decision in September to restructure its food-service operations. Based in Maryland, Sodexo employs 120,000 people […]
The Indianapolis Capital Improvement Board will meet at 2 p.m. today at the Indiana Convention Center to determine ways to address its $38 million budget deficit. Last Thursday, the board’s finance committee proposed a 13-percent decrease in area arts and cultural tourism grants. The board also is considering an increase to hospitality taxes.
Indianapolis-based Allison Transmission Inc. has completed the first production-quality transmission that could be used in a new amphibious fighting vehicle for the U.S. Marine Corps – a development that could mean substantial work for the local manufacturer. “We’re getting closer to gaining a very, very large contract,” Allison spokesman Eric Dickerson said. Allison was scheduled […]
The Franklin Township school board will meet tonight to decide the future of a bus driver facing drunken-driving charges. Philip Leslie is accused of driving two of his routes while intoxicated. Police arrested Leslie last week after he registered a blood-alcohol content nearly three times the legal limit.
The children of Leonard Bernstein have donated the contents of the famed composer’s Fairfield, Conn., studio to Indiana University’s Jacobs School of Music, the school announced today. Among the donations: a conducting stool from the Vienna Philharmonic that is said to have been used by Johannes Brahms, 39 Grammy-nomination plaques, Bernstein’s stand-up composing table, a […]
Emmis Communications Corp. says in a new regulatory filing that it hopes the job cuts and pay reductions announced last week will save it about $10 million a year. Emmis, which owns radio stations and publishes city magazines, eliminated 91 full-time employees and 14 part-timers. The cuts represented 7.5 percent of its work force. In […]
Despite the downturned economy, the long-view shows the motorsports sector is growing in Indiana. Studies compiled by the Indiana Motorsports Association and IUPUI indicate there’s been a 37 percent growth in the number…
Just four more years and Indiana will celebrate its 40th anniversary of peak economic performance, at least in modern times.
As Morton Marcus points out in a column in this week’s IBJ, Hoosiers earned 2.53 percent of average national…
U.S. House Republican leader John Boehner said yesterday he doesn’t support handing over more federal money to keep General Motors Corp. afloat unless the automaker develops a viable and long-term business model and can pay back government loans. “Anything short of that is just throwing good money after bad,” Boehner said on CBS’s “Face the […]
Gov. Mitch Daniels and Indiana House Speaker Patrick Bauer have more in common than they might think. Both are headstrong politicians who wield tremendous power. And both have a way with words, especially when they aren’t getting what they want. So it’s no surprise that the Republican governor and the Democratic speaker are once again […]
Merck & Co. plans to acquire Schering-Plough Corp. for $41.1 billion in a deal that gives the companies more firepower to compete in a drug industry facing slumping sales, tough generic competition and intense cost pressures. The two New Jersey pharmaceutical companies are rivals of Indianapolis-based Eli Lilly and Co. The latest proposed combination comes […]
