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C.P. Morgan Communities, the most prolific builder in the Indianapolis area for a decade, plans to shut down for good Feb. 27, another victim of the worst housing slump in a generation. “This is one of the most difficult decisions I’ve ever had to make,” owner Charles P. Morgan said in a statement. “With home […]
Local merchandiser MainGate Inc. scored its fourth deal with an NFL team in less than a year. And the most recent deal is no small catch. Yesterday, MainGate CEO Dave Moroknek announced a…
Mount Vernon-based SABIC Innovative Plastics said yesterday it plans to lay off as many as 125 workers next month as part of a series of cost-cutting measures. The measures include reducing executive salaries, freezing salaried employees’ pay and reducing the company’s 401(k) match. The plant, which employs about 1,200 workers in the southern Indiana community, […]
New-home sales tumbled to a record-low annual pace in January and there’s no relief in sight as mounting damage from the collapsed housing market pushes the country deeper into recession. The Commerce Department reported today that sales fell 10.2 percent, to a seasonally adjusted annual rate of 309,000, the worst showing on records going back […]
New jobless claims rose more than expected last week and the number of laid-off Americans continuing to receive unemployment benefits topped 5.1 million, fresh evidence the recession is increasingly forcing employers to shed jobs. The Labor Department said today that first-time requests for unemployment benefits jumped to 667,000 from the previous week’s figure of 631,000. […]
The state’s casinos would get tax breaks under a bill approved yesterday by the Indiana House. The bill would lower tax rates for casinos at the state’s pari-mutuel tracks in Anderson and Shelbyville. They’re struggling to pay debts they took on to pay $250 million each in slot machine licensing fees. The bill would also […]
After this post, there will be a self-imposed moratorium on Danica Patrick-related news on The Score. Even I can see we’ve gotten a little carried away. But Sports Illustrated’s response to the Danica tattoo flap that surfaced two weeks ago…
Information technology companies would do well to outsource business processes to Indianapolis, a new KPMG
report says.
The accounting and consulting firm included only one other U.S. city, Boise, Idaho, on an international list
of 31 places where companies are likely…
General Motors Corp. posted a $9.6 billion fourth quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008 as it fought the worst U.S. auto sales climate since 1982 and sought government loans to keep the century-old company running. The nation’s biggest domestic automaker said today it […]
A bill to require chain restaurants in Indiana to make nutritional information available to customers at each location has cleared the Indiana House. The bill failed to pass earlier this session, but its author, Democratic Rep. Charlie Brown of Gary, called it for another vote last night. It passed 51-46 and now moves to the […]
A state lawmaker abandoned a bill yesterday that would have effectively eliminated the Indiana High School Athletic Association and replaced it with a board under the state Department of Education. Rep. David Niezgodski (D-South Bend) is upset over the way the IHSAA has handled the eligibility case of a female high school basketball player in […]
Political sparring in the narrowly divided Indiana House has sidelined legislation to help fix the state’s bankrupt unemployment insurance fund – but lawmakers say the critical issue will be revived. The proposal would have significantly raised taxes on employers to help balance the fund. The account pays out millions of dollars more than it collects […]
Can “Watchmen,” based on the acclaimed graphic novel, hold its own with such recent superhero standard-bearers as “Iron Man” and “The Dark Knight”?
Be one of the first to find out. I’m giving away passes to the March 5th (okay, technically…
Sheryl Crow, Herbie Hancock and other entertainers yesterday urged Congress to force radio stations to pay performers when their music is broadcast – a proposal that doesn’t sit well with the radio industry. Jeff Smulyan, chairman of Indianapolis-based Emmis Communications Corp., said a move to pay performers amounts to another tax and would come at […]
A House bill that would have provided temporary tax breaks to three Indiana gambling venues was expanded last night to include all 11 riverboat casinos and two pari-mutuel horse tracks in the state. According to the Louisville Courier-Journal, House Bill 1729 would lower tax rates for the state’s two racinos and allow the state’s riverboat […]
Rose-Hulman Institute of Technology’s president is leaving the Terre Haute engineering school to become provost of the California Maritime Academy. Gerald Jakubowski had announced his resignation, effective June 30, from Rose-Hulman on Monday, but did not then give a reason. The maritime academy near San Francisco is part of California State University system. Jakubowski told […]
A device to perform chemical and biological analyses and an Internet-based company that helps raise money for mission trips won the top prizes yesterday at Purdue University’s 22nd annual Burton D. Morgan Business Plan Competition. Microfluidic Innovations claimed the $30,000 prize in the division for graduate students. The company is developing a programmable lab-on-a-chip device […]
Cummins Inc. announced this morning that it revised its fourth quarter and annual operating results for 2008 downward to reflect higher warranty liability than previously reported. The Columbus manufacturer’s profit dropped by $46 million during the fourth quarter, to reflect a change in warranty cost estimates for its midrange engine products launched in 2007. Also, […]
Firefighters found two bodies last night inside a burning house on the near-east side. Crews were called to a two-story home at 17 N. Oxford St., just east of Rural Street, about 8:30 p.m. Officers describe the victims as a black man and a white woman. The home appeared to have been abandoned and the […]
The Department of Defense confirmed that an Indianapolis soldier has been killed in Iraq. Army Pfc. Zachary Nordmeyer, 21, and two others soldiers died Monday when their unit was attacked in Balad. All three soldiers were members of the 25th Infantry Division based out of Fort Wainwright, Alaska.
