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Raising local hospitality taxes and trimming funding to local cultural organizations are among the possible solutions the Capital Improvement Board’s finance committee identified this morning to help chip away at the organization’s looming $38 million budget deficit. The CIB board will meet Monday to consider the options presented by the finance committee. A 1 percentage-point […]
Ok, it will probably never happen. But since the word ‘probably’ is in the previous sentence, it would be a dereliction of duty not to explore the Indianapolis Colts’ possible signing of Terrell Owens. The…
Barack Obama’s $75 million plan to stop the carnage in the housing industry aims to help 9 million homeowners refinance mortgages or restructure loans in order to lower payments.
As Obama and Congress hammer out a bailout, to what…
Here’s some of the info pulled from the National Endowment for the Arts study, released yesterday, titled “Artists in a Year of Recession: Impact on Jobs in 2008.” For the full document, click here.
— “The artist unemployment rate grew…
Clarian Health Partners and Bloomington Hospital entered into an agreement this morning to begin planning for a potential affiliation between the two health care providers. The 18-month planning process will include input from a 25-member community task force and be spearheaded by Kaufman Hall and Associates, a Skokie, Ill.-based health care consultancy hired by Bloomington […]
Indianapolis-based WellPoint Inc. has put its pharmacy benefits-management business up for sale, according to a report in today’s Financial Times. The London-based business newspaper, citing sources familiar with the matter, said the business could be worth more than $1 billion and as much as $5 billion. A WellPoint spokeswoman told the newspaper that the company […]
The Supreme Court yesterday upheld a $6.7 million jury award to a musician who lost her arm because of a botched injection of an anti-nausea medication. The court brushed away a plea for limiting lawsuits against drug makers. The decision in Wyeth v. Levine is likely to have ramifications for big drug companies, including Indianapolis-based […]
A leading state senator wants to rely on money from the federal stimulus package to give a slight spending increase to Indiana’s public schools. Senate Appropriations Chairman Luke Kenley (R-Noblesville) said yesterday that he is still developing his proposal. But he wants to use $683 million in stimulus money in hopes of increasing basic funding […]
Prescription-drug imports to the United States would be allowed under a bill introduced by former presidential candidate John McCain and two other senators, Bloomberg News reported yesterday. The plan, sponsored by McCain (R-Ariz.), Olympia Snowe (R-Maine) and Byron Dorgan (D-N.D.), is supported by President Barack Obama’s budget, but is opposed by the nation’s pharmaceutical industry, […]
Chances are, only a handful of people in attendance when Oregon-based BodyVox visited Pike Performing Arts Center on Feb. 28 had ever seen the group before.
Think about that.
Think about the faith exhibited by the act of buying tickets and showing…
State officials had high hopes for an investment pool created last year to give Indiana’s school districts and local governments a safe, short-term place to deposit taxpayer money and earn interest. Then the economy tanked. The account’s daily interest rate fell from 3.23 percent last February to just 0.53 percent today. Its balance dwindled from […]
Carol D’Amico is stepping down as president and CEO of Conexus Indiana and taking part-time consulting duties at the Indiana Department of Education. D’Amico will continue in a part-time senior role at Conexus, a work-force development group focused on manufacturing and logistics. Steve Dwyer, former chief operating officer of Rolls-Royce Corp., will replace D’Amico on […]
F.C. Tucker Co. has entered into an agreement with Shoopman Home Building Group in which 21 of its real estate agents will staff model homes in seven communities Shoopman is developing. Jim Litten, president of F.C. Tucker Co.’s residential real estate services division, lauded the arrangement as “one-stop” shopping for prospective homebuyers. “Consumers will be […]
Nestle SA, the world’s largest food company, said today that its new beverage factory in Anderson would be expanded, creating 500 jobs in total once it’s completed in two years. The Nesquik and Coffee-mate plant, which opened today, will be enlarged from 880,000 square feet to 1 million square feet, Vevey, Switzerland-based Nestle said in […]
Nestle SA, the world’s largest food company, said today that its new beverage factory in Anderson would be expanded, creating 500 jobs in total once it’s fully completed in two years. The Nesquik and Coffee-mate plant, which opened today, will be enlarged from 880,000 square feet to 1 million square feet, Vevey, Switzerland-based Nestle said […]
East-side Indianapolis business Marine Tech is almost a total loss after fire broke out at the company at 4232 Hull St. at 4 a.m. In addition to flames, firefighters battled cold temperatures, downed power lines and an electric fence. One firefighter suffered a minor shock. The cause of the fire is under investigation. Fox 59 […]
Supporters of new driver’s license requirements for teenagers are holding a rally today at the Indiana Statehouse. They’re trying to encourage lawmakers to pass Senate Bill 16, which is designed to help lower the number of deaths among teens involved in car accidents. The bill would ban teens from using cell phones while driving. It […]
A Franklin Township school bus driver is facing criminal charges after police say he drove more than 100 children home while drunk. Officers arrested Phillip Leslie yesterday afternoon. Officers caught up with Leslie as he was returning to the bus barn. A breathalyzer reading tested him at almost three times over the legal limit. He […]
Carmel-based KAR Holdings Inc., the parent of Adesa Auction Services, today posted a fourth-quarter loss of $49.3 million on $396.2 million in revenue for the period ending Dec. 31. KAR’s loss widened from $34.3 million, and revenue declined 0.6 percent, from the same period a year ago. For the year, the auto auction company reported […]
Carmel-based KAR Holdings Inc., the parent of Adesa Auction Services, today posted a fourth-quarter loss of $49.3 million on $396.2 million in revenue for the period ending Dec. 31. KAR’s loss widened from $34.3 million, and revenue declined 0.6 percent, from the same period a year ago. For the year, the auto auction company reported […]
