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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 […]
About 170 Indiana National Guard soldiers will arrive back on Hoosier soil today after duty in Iraq. Danville’s 38th Military Police Co. spent the last 10 months training Iraqi police transition teams. Those teams then train Iraqi police. Family and friends will attend this afternoon’s welcome-home ceremony at Stout Field.
City Market business owners are inviting the public to celebrate Fat Tuesday with live music, some adjusted menu prices and a lot of beads. The Mardi Gras event runs all day today, with live music playing until 1:30 p.m. FOX 59 will recap today’s festivities at 10 p.m.
The Colts could release record-setting receiver Marvin Harrison as early as today. Harrison’s agent, Tom Condon, confirmed Harrison has asked to be let go, and that it will happen in the next day or so. The Colts would save about $6 million in salary-cap space by releasing the 36-year-old. The eight-time Pro Bowler has racked […]
WellPoint Inc.’s shares got a small boost this morning, along with the broader markets, as the Indianapolis-based health insurer predicted weak but positive growth for 2009. WellPoint CEO Angela Braly told investors in Indianapolis this morning that the health insurer’s profit per share would grow 1 percent to 3 percent this year. But WellPoint executives […]
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 […]
WellPoint Inc.’s shares got a small boost this morning, along with the broader markets, as the Indianapolis-based health insurer predicted weak but positive growth for 2009. WellPoint CEO Angela Braly told investors in Indianapolis this morning that the health insurer’s profit per share would grow 1 percent to 3 percent this year. But WellPoint executives […]
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 […]
It’s difficult to say what is driving Marvin Harrison in his negotiations—or non-negotiations—with the Indianapolis Colts. Greed? Pride? Ego-centrism? Maybe all the above. Maybe none of the above. Harrison certainly isn’t saying. Even…
How do you feel about taxing commuters to supplement promotion of the cityâ??s convention industry? The idea
was floated in an article by IBJ reporter Anthony Schoettle about the Indianapolis Convention & Visitors
Association asking for more money…
Some of the Indy area’s newer theater companies have been announcing new productions on a show-by-show basis. This allows them to react quickly, to get a show up when it’s ready, and to live within their often very-limited means. On…
Americans’ already battered confidence in the economy went into free fall this month, sinking to new lows as consumers grow more fearful over massive job cuts and shrinking retirement accounts. The dismal news came just hours after major retailers, including Target Corp., Home Depot and Macy’s Inc., reported depressed fourth-quarter results as shoppers focus on […]
The city’s Metropolitan Development Commission voted unanimously, 8 to 0, last week to allow a crematorium to be built near the corner of Allisonville Road and 82nd Street. Harry W. Moore Funeral Care will now go ahead with plans to build the one-story, 1,600-square-foot crematory, said David L. Ring, who owns the funeral home. The […]
A prominent 11-acre site near I-465 and U.S. 31 in Carmel is now on the market for $16.7 million, a price that equates to around $1.5 million an acre. Listing agent Michael B. Drew of Colliers Turley Martin Tucker said the prime piece of property near the intersection of 96th Street and U.S. 31 could […]
Delta Faucet Co. has laid off 77 employees at its Greensburg plant – the company’s sixth round of employment cuts within the past two years, according to the Greensburg Daily News. The Carmel-based company began trimming its payroll in early 2007 and has laid off a total of more than 400 workers during that time, […]
WellPoint Inc. CEO Angela Braly predicts that the health insurer’s profit per share will grow 1 percent to 3 percent this year. That means Indianapolis-based WellPoint’s profit would come in between $5.53 and $5.64 per share – below the expectations of Wall Street analysts, who have predicted WellPoint would earn $5.68 per share, according to […]
More than 50 Indianapolis police officers will no longer be allowed to work off-duty at a metal recycling business that is under investigation in the alleged purchase of stolen scrap metal. Raids by police and federal officials on six Indianapolis OmniSource scrap yards yesterday marked the culmination of a yearlong investigation. No one was arrested […]
