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The Dow Jones industrial average tumbled to its lowest close in more than six years today as sharp declines in key financial shares led the market lower. The blue chips closed at their lowest level since Oct. 9, 2002, the last bear-market low. The Dow lost 89.68 points, or 1.2 percent, to end at 7,465.95. […]
Local contractors will be ready to pounce when bidding on the first parts of the combined overflow project begins in 2011. They’re hungry for more mega projects following completion last year of the $1.1 billion midfield terminal at Indianapolis International Airport and the $720 million Lucas Oil Stadium. Members of the Indiana Construction Association are […]
I have bad news for Indiana Pacers, Indianapolis Colts and Indianapolis Indians ticket buyers. By the time you buy tickets for next season’s games, you’ll likely be hit with a higher ticket tax….
Circuit City’s demise was bad news for Indianapolis-based developer Kite Realty Group during the fourth quarter of 2008. Despite higher revenue, Kite suffered a $2 million loss in the period ended Dec. 31 due to the bankruptcy of the national electronics retailer, which had been the developer’s seventh largest tenant. The company released its quarterly […]
A bill that would revoke the business licenses of companies that repeatedly hire illegal workers won unanimous support from a Senate committee yesterday. The committee took the unusual step of holding three separate meetings on the proposal – listening to supporters and opponents – before taking a vote. Sen. Mike Delph (R-Carmel) supports legislation to […]
A jury has awarded a Lafayette woman $157 million dollars in a lawsuit against the makers of a tree stand that malfunctioned, leading to the death of her husband. Carol Simonton filed the lawsuit in February 2006, four months after her husband, Timothy Simonton, 42, was found hanging from a tree where he had been […]
Indianapolis police think wet roads caused a crash that forced a school bus into a Lawrence Township ditch yesterday. Officers say a pickup truck lost control on Fall Creek Road and slammed into the bus. All 15 Fall Creek Valley Middle School students on board were sent to the hospital. Two suffered minor injuries. The […]
Evansville-based utility Vectren Corp. reported profit of $37.1 million in the fourth quarter of 2008, a 7-percent dip compared with the same period the previous year. Profit for the quarter ended Dec. 31 was 46 cents per share, a penny short of analyst estimates. Profit for the entire year declined nearly 10 percent, to $129 […]
Parents could learn more tonight about the investigation into a fatal school bus accident at Spring Mill Elementary. The Washington Township superintendent and the school principal will hold a meeting for parents at the school at 7 p.m. A bus driver ran over Christopher Beltz, 10, early this month after dropping the boy off in […]
Your water bill could be going up soon. The Indianapolis Department of Waterworks Board of Directors is considering an emergency rate increase of 20 percent, which would translate to about $5 more each month for the average family. The board will meet at the City-County Building at 5:30 p.m. FOX 59 will have more at […]
Evansville-based utility Vectren Corp. reported profit of $37.1 million in the fourth quarter of 2008, a 7-percent dip compared with the same period the previous year. Profit for the quarter ended Dec. 31 was 46 cents per share, a penny short of analyst estimates. Profit for the entire year declined nearly 10 percent, to $129 […]
The Academy Awards are coming up on Sunday and, while I know the best film of the year won’t win (since “Wall*E” wasn’t even nominated), I’ll still be tuning in to root for some favorites (Go “In Bruges” for Best…
The number of laid-off workers receiving unemployment benefits has jumped to an all-time high near 5 million while new jobless claims remain well above 600,000. Both figures were worse than expected and new projections from the Federal Reserve show unemployment rising for the rest of this year. The Labor Department reported today that the number […]
Mokulele Airlines yesterday said it made a $300,000 loan payment, staving off seizure of its assets and operations by business partner Republic Airways Holdings Inc. Mokulele had defaulted on an $8 million loan, and Indianapolis-based Republic said it would come in and operate Mokulele if the Hawaii carrier failed to make the payment by the […]
Two large health insurers, including a unit of WellPoint Inc., are being investigated for charging more than California-mandated rates for last-resort health coverage affecting some 19,000 people. Blue Shield of California charged premiums as much as 55 percent above the California cap, while policies of Anthem Blue Cross, a unit of Indianapolis-based WellPoint, have been […]
A bill that would revoke the business licenses of companies that repeatedly hire illegal workers won unanimous support from a Senate committee yesterday. The committee took the unusual step of holding three separate meetings on the proposal – listening to supporters and opponents – before taking a vote. Sen. Mike Delph (R-Carmel) supports legislation to […]
A month after federal officials expressed concern about changes at Indiana’s environmental agency, state officials will meet today with their federal counterparts to explain those changes and how they might affect environmental protection. Environmentalists fear the Indiana Department of Environmental Management’s recent move to dissolve its enforcement office, take over air monitoring contracts with six […]
Several local government reorganization proposals floundered at the Indiana Statehouse yesterday, as lawmakers resisted some of the vast changes proposed by Republican Gov. Mitch Daniels. The Senate Local Government Committee gutted a bill to eliminate township governments, instead voting 9-2 for a more modest measure that would leave townships intact but add a review of […]
Circuit City’s demise was bad news for Indianapolis-based developer Kite Realty Group during the fourth quarter of 2008. Despite higher revenue, Kite suffered a $2 million loss in the period ended Dec. 31 due to the bankruptcy of the national electronics retailer, which had been the developer’s seventh largest tenant. The company released its quarterly […]
The United Auto Workers’ deal with Detroit’s three automakers limits overtime, changes work rules, cuts lump-sum cash bonuses and gets rid of cost-of-living pay raises, people briefed on the agreement said today. The UAW announced yesterday that it reached the tentative agreement with General Motors Corp., Chrysler LLC and Ford Motor Co. over contract concessions, […]
