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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.
Indiana lawmakers on both sides of the aisle were quick to react to President Barack Obama’s address to Congress last night. Democratic Congressman Andre Carson of Indianapolis released a statement calling the presidential agenda “ambitious,” adding that the president will “continue to rise above typical Washington politics.” On the Republican side, Indiana Rep. Dan Burton […]
Marvin Harrison’s exit from Indianapolis was as elusive as his moves on the field. He slid out of town after meeting with Indianapolis Colts ownership without ever being seen. Colts fans are left…
Nine lies about “Cats” (Which is in the midst of a revival at Beef & Boards Dinner Theatre).
1. “Cats” is the epitome of the safe, predictable Broadway show. Go into your way-back machine and try to imagine someone approaching…
Paul Dieterlen is the unusual veterinarian who doesnâ??t have a pet. But Dieterlen, who retired recently from
overseeing the meat-inspection division within the State Board of Animal Health, says that if he had one,
it would be a horse.
So it…
A local hospitality supply firm has refreshed its 106-year-old building at 640 N. Capitol Ave. with a new coat of paint, a power wash and a five-foot-tall…
One of Indiana’s pioneering life sciences companies is ailing badly. Bioanalytical Systems Inc. said last week it lost money for a fifth straight quarter as revenue plummeted. The West Lafayette-based company lost nearly $1.6 million in its first fiscal quarter ended Dec. 31, a loss 10 times as large as it recorded in the same […]
The legions of fund-raisers colleges hired during the boom years have a new mission for these tough economic times: Go easy on the hard sell. Talk about financial aid, not shiny new buildings. If prospects can’t give now, lay the groundwork for when the economy recovers. Victoria Gorrell, the head fund-raiser at Kalamazoo College in […]
The Indiana Senate has passed a bill that would give taxpayers a break if the state’s surplus is at least 10 percent of the budget. Republican Gov. Mitch Daniels supports the proposal, and the GOP-led Senate approved it 34-16 yesterday. But don’t expect tax credits any time soon. Indiana is struggling to keep its budget […]
A bankruptcy judge yesterday tentatively approved Delphi Corp.’s request to stop paying for its salaried retirees’ health and life insurance, but he left the door open for some former employees to be excluded from the move. U.S. Bankruptcy Judge Robert Drain in Manhattan ruled that the auto parts supplier has a right to change the […]
Engine-maker Cummins Inc. plans to cut 985 employees worldwide by the end of this week, including 460 in Indiana. The Columbus-based company said last month it would cut “at least 800” by the end of February. The new reduction announced today includes 225 salaried and 235 hourly workers in Indiana. Earlier this month, Cummins offered […]
The Indiana Senate yesterday approved a bill that would revoke the business licenses of companies that repeatedly hire illegal immigrants. The “three-strikes” proposal would revoke business licenses from companies who knowingly hire illegal workers three times. The bill passed 37-13. Opponents of the legislation say immigration is a federal issue, and that the bill could […]
The Indiana Senate has approved a bill to eliminate local township advisory boards, but not eliminate township government completely as Gov. Mitch Daniels had proposed. The bill that passed yesterday 28-22 would eliminate three-member township boards that adopt the annual township budget and act as the township’s fiscal and legislative body. Those duties would be […]
Indy Racing League driver Danica Patrick has done an about face. Just a few days after telling everyone how happy she is in the IRL, she now says she’d consider jumping to Formula One. Patrick has been targeted as one…
Federal Reserve Chairman Ben Bernanke gave Wall Street a double dose of reassurance today. He told Congress that the recession might end this year, and that regulators aren’t planning to nationalize banks. The news alleviated some of investors’ deepening worries about the economy and the banking system, and the Dow Jones industrial average, coming off […]
Simply Hospitality, the Indianapolis-based co-developer of event-planning software that was used to put on this year's Super Bowl, has completed its purchase of the product from Champaign, Ill.-based Riverwatcher Studios.
A stock analyst says Eli Lilly and Co’s potential blockbuster drug prasugrel could face another Food and Drug Administration delay, Bloomberg News reported this morning. The experimental blood thinner may not receive U.S. action until the second quarter after regulators said they made a “mistake” removing a critic of the drug from an advisory panel […]
Rose-Hulman Institute of Technology in Terre Haute will soon be searching for its third new president in five years. The engineering and science school announced yesterday that Gerald Jakubowski was resigning effective June 30, three years after he took the job. No reason for his departure was announced, and the school said its board of […]
