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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 […]
Local home builder C.P. Morgan Communities Inc., which closed Friday, said today it is mailing refunds this week to customers who signed contracts for homes that have not been built. Meanwhile, customers with homes that are complete or nearly completed will hear from a title company within the next month to schedule a closing, the […]
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 […]
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 […]
Local home builder C.P. Morgan Communities Inc., which closed Friday, said today it is mailing refunds this week to customers who signed contracts for homes that have not been built. Meanwhile, customers with homes that are complete or nearly completed will hear from a title company within the next month to schedule a closing, the company […]
If you haven’t heard by other means, perhaps you’ll learn about the upcoming Big 10 basketball tournaments at Conseco Fieldhouse from the street signs downtown.
The tournament, which runs tomorrow through Sunday for the women, and then the following Thursday through…
The Indiana Pacers attendance is holding steady, though it’s still near the bottom of the NBA, ranking 28th out of 30 teams. The team’s traffic on its Web site, however, is faring much…
Dr. Jeff Wells is moving on from the Indiana Medicaid program even as his $40 million cost-savings plan faces a threat in the General Assembly. Wells resigned Friday after two years as director of the Office of Medicaid Policy and Planning, a part of the Indiana Family and Social Services Administration. He intends to finish […]
About 600 people turned out at a job fair in southern Indiana to submit applications for about 200 coal mining jobs. The job fair in Sullivan yesterday was the second in less than two weeks. Mine company officials say a job fair in Vincennes last week drew more than 1,100 applicants. Black Panther Mining and […]
Two prominent financial ratings companies downgraded their outlooks for Carmel-based insurer Conseco Inc. yesterday. International credit ratings agency Fitch Ratings Inc. put the ratings of Conseco and its subsidiaries on “negative watch” status. And New York-based Moody’s Investors Service downgraded Conseco’s financial strength rating and its bank-debt rating while giving the insurer a “negative” outlook. […]
A top state senator is developing a proposal for fixing Indiana’s bankrupt unemployment insurance fund that he said yesterday is likely to include higher taxes on employers and cutting benefits paid out to the jobless. Republican Sen. Dennis Kruse of Auburn, chairman of the Senate Pensions and Labor Committee, is taking the lead on the […]
Conner Prairie will prepare for the April 2 opening of its outdoor season with its full-time staff reduced by 18 percent after a combination of voluntary resignations and layoffs. The cuts affect 19 employees, reducing the full-time staff to 104 workers. The museum employs another 175 people on a part-time and seasonal basis. CEO Ellen […]
Major automakers’ U.S. sales continued their deep slump in February, putting the industry on track for its worst sales month in more than 27 years as huge rebates and low-interest financing failed to spur fearful consumers to make a major purchase. General Motors’ sales tumbled 53 percent from a year earlier, while Ford’s U.S. sales […]
Eli Lilly and Co. plans a $2.4 billion debt sale to repay the loans it used to acquire ImClone Systems Inc., Bloomberg News reported, citing an unnamed person familiar with the transaction. Indianapolis-based Lilly bought New York-based ImClone for $6.3 billion in November. Lilly plans to sell three batches of bonds, the person said. Lilly […]
The developer of a new police cruiser is considering producing the clean-burning vehicle in Indiana. Atlanta-based Carbon Motors Corp. said today that Connersville, about 70 miles east of Indianapolis, is among five locations the company is weighing. The others are in Georgia, Michigan, North Carolina and South Carolina. The company said it has issued a […]
