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The Federal Reserve today rolled out a much-awaited program aimed at boosting the availability of credit to consumers and small businesses. The Fed will lend up to $200 billion to spur consumer lending – for autos, education, credit cards and other consumer debt. The money will be used to provide financing to investors to buy […]
Welcome to the first (and I hope last) edition of Lou Harry’s A&E Most Wanted.
Artist Emma Overman had this painting lifted from outside her Harrison Center for the Arts studio in…
Ford Motor Co. said today its U.S. sales fell 48 percent in February, proof that huge rebates and low-interest financing haven’t been enough to entice fearful consumers to make a major purchase. The Dearborn, Mich., automaker sold 99,060 vehicles last month, compared with 192,248 the same month in 2008. In January, industry-wide U.S. sales dropped […]
An overnight robbery of the Residence Inn on Digital Way in Indianapolis could be linked to a string of other robberies. Just after 2:30 a.m., two men pulled a knife on the desk attendant and made off with a small amount of cash. Investigators say the men fit the description of two thieves who robbed […]
Simon Property Group Inc. plans to hoard cash this year to purchase property that may come on the market, said David Simon, CEO of the Indianapolis-based mall owner. Simon made the comments this morning at a Citigroup 2009 Global Property CEO Conference in Naples, Fla., Bloomberg News reported. “We are going to hoard and warehouse […]
Carmel Mayor Jim Brainard defended himself yesterday in a meeting with council members about the costs of the Keystone Avenue project. The state originally provided $90 million for the construction of multiple roundabouts on Keystone. The cost has increased to $130 million. Brainard says the initial cost was an estimate, but some council members say […]
Fort Wayne Foundry Corp. plans to close its production plant in Fort Wayne in June, eliminating 157 hourly positions. The company said today that it also would conduct a “mass layoff” in June at its Fort Wayne machining division, which had about 150 employees in mid-2007. The company did not say how many jobs would […]
A new Web site will allow people to track how the federal economic stimulus package is affecting Indiana. The invest.in.gov Web site includes some basic information about the stimulus money, such as how much cash will come to Indiana for roads and which projects have already been selected. The site also includes a message from […]
Indianapolis-based Marsh Supermarkets Inc. said today it plans to open its first new store in almost a year. Marsh will open a Hometown Market store in the Chapel Hill neighborhood of Indianapolis in late spring. The store, at 7405 W. 10th St., will take over the site of a former O’Malia Food Market that was […]
Decatur-based Porter Inc. has laid off another 62 workers, the latest round of cost-cutting for the troubled boat manufacturer. The northeast Indiana company has laid off 225 workers in the last 90 days. And since 2007, the company has reduced its work force from a peak of 600 employees to about 130, plant manager Pat […]
A little girl missing for more than 15 hours has been found. Indianapolis Police located 8-year-old Annalexass Van Duyn today just after 8 a.m. She disappeared yesterday at 5:15 p.m after leaving for a friend’s house in the 3700 block of Gladstone Avenue, a block-and-a-half away from her home. She was found in another person’s […]
An iconic flatiron building on Massachusetts Avenue downtown has a new owner nearly three years after the property first went on the market, IBJ’s Chip Cutter reports…
Fort Wayne Foundry Corp. plans to close its production plant in Fort Wayne in June, eliminating 157 hourly positions. The company said today that it also would conduct a “mass layoff” in June at its Fort Wayne machining division, which had about 150 employees in mid-2007. The company, however, did not say how many jobs […]
Simon Property Group Inc. plans to hoard cash this year to purchase property that may come on the market, said David Simon, CEO of the Indianapolis-based mall owner. Simon made the comments this morning at a Citigroup 2009 Global Property CEO Conference in Naples, Fla., Bloomberg News reported. “We are going to hoard and warehouse […]
Simon & Schuster has commissioned a book about the first Indianapolis 500. The book publishing company hired former Sports Illustrated executive editor Charles Leerhsen to write the story of the 1911 race, and…
Sixty-nine employees will lose their jobs when Sears Holdings Corp. closes its second store in the Indianapolis area this year, the company confirmed today. The Sears Essential location in Noblesville will close May 31. About 110 employees lost their jobs in January after the struggling retailer vacated its store at Lafayette Square Mall. Locally, Sears […]
Indianapolis-based Marsh Supermarkets Inc. said today it plans to open its first new store in almost a year. Marsh will open a Hometown Market store in the Chapel Hill neighborhood of Indianapolis in late spring. The store, at 7405 W. 10th St., will take over the site of a former O’Malia Food Market that […]
More bars in the state are allowing minors â?? people under age 21 â?? with the proviso that parents are there,
too. State law also stipulates a barrier separating bars and family dining areas.
Supporters of the trend say…
An iconic pie-shaped building on Massachusetts Avenue downtown has a new owner nearly three years after the property first went on the market. Larry Browning of Shelbyville-based Evergreen Investment Corp. purchased the historic three-story Argyle on Mass Ave building at the corner of East Street and Massachusetts Avenue for $3.2 million. He plans to spend […]
The struggling economy is sending more people to libraries to check out books and DVDs for free and avoid costly rentals or purchases, library officials say. Last year, the number of items checked out at the Kokomo-Howard County Public Library rose 6 percent, boosting its annual borrowing to more than 1.1 million items for the […]
