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Lower crude-oil prices helped Indianapolis-based Calumet Specialty Products Partners LP increase its fourth-quarter profit to $18.5 million – up from $7.8 million for the same period in 2007. But volatile pricing throughout 2008 took a toll on full-year results, with profit reaching just $44.4 million, compared with $82.9 million the previous year. Calumet, which processes […]
Indianapolis-based WellPoint Inc. has agreed to pay $10 million to settle a New York probe into how the health insurer reimbursed customers for out-of-network services. WellPoint also agreed to stop using the Ingenix database of reimbursement rates that New York Attorney General Andrew Cuomo has called “defective and manipulated.” “WellPoint acknowledges the conflicts of interest […]
Danica Patrick didn’t quite bare all in her most recent Sports Illustrated swimsuit issue. While there was an abundance of skin on display, there was one thing that didn’t show up; a tattoo…
As just about everyone expected, General Motors and Chrysler are back asking for more bailouts. Instead of
$17.4 billion, they now want $39 billion.
As part of its turnaround plan, GM plans to jettison Saturn, the brand launched in…
Call it Expedia for hospital systems. Community Health Network has spent three years developing a computer interface that allows doctors and nurses to view all information and records on a patient in one viewing program. Community calls it a virtual single patient record, or vSPR. It works in the same way Expedia pulls together the […]
The Indiana Senate has passed a bill that could spur counties to revamp their local governments. The GOP-controlled Senate approved the proposal 30-19 yesterday, sending it to the Democrat-ruled House for consideration. Supporters of the bill say streamlining local government would make the system more efficient and responsive, but opponents don’t see a […]
General Motors and Chrysler said today that their request for federal aid ballooned to a staggering $39 billion – only months after they received billions in loans – in new plans that envision massive job losses and intense restructuring to survive a deepening recession. General Motors Corp. presented a survival plan that calls for […]
Two high-profile Indianapolis-based technology firms have forged a partnership they hope will give both a boost in market share. Marketing software provider Aprimo Inc. has teamed with ExactTarget Inc. to incorporate ExactTarget’s e-mail messaging services into Aprimo’s applications, the companies announced today. The partnership is the result of roughly five months of discussions. “We […]
Indianapolis-based electronics and appliances retailer HHGregg Inc. said today it plans to appoint a new CEO in August. It also said its current CFO is stepping down. The company’s current president, Dennis L. May, will take over for Jerry W. Throgmartin, a 33-year veteran of the chain who has served as CEO since 2003. Throgmartin […]
Legislation aimed at changing how Indiana Supreme Court justices are chosen hasn’t gotten enough support to make it out of committee for now, receiving a split vote from lawmakers today that means it won’t be going to the full House for consideration. The Government and Regulatory Reform Committee added to its agenda this morning House […]
President Barack Obama put his own indelible imprint on the nation’s distressed economy today, signing the huge recovery package into law, readying a $50 billion proposal to help homeowners fend off foreclosure and awaiting emergency restructuring plans from flailing automakers. Obama said the sprawling legislation, which congressional Democrats pushed to passage last week over near-unanimous […]
Thousands of Hoosiers are waiting to see how they will be affected when two automakers submit cost-cutting proposals today. Lawmakers told officials from General Motors and Chrysler that they would need to submit new business models in order to receive billions of dollars in federal money. The proposals are expected to call for layoffs, plant […]
The Carmel City Council has approved a $20 million floater loan to keep the Keystone Avenue project moving. The chief engineer had asked for an additional $8 million to turn six intersections along Keystone into roundabouts, but that request was not approved. Last night’s meeting got heated when one of the councilors accused Carmel Mayor […]
Business owners tonight have a chance to weigh in on a project that would rebuild a portion of Interstate 465 on the west side of Indianapolis. The meeting will deal with the section from the Sam Jones Expressway to the 21st Street overpass. The project will take about two years to finish and is expected […]
Central Indiana home sales plunged nearly 16 percent last month, compared with a year earlier, according to a report released yesterday by Landrigan & Co., an Indianapolis residential real estate firm. Landrigan said January sales in 13 area counties, including Marion, totaled 1,177, down from 1,395 in the same month last year. The average sales […]
Finalists have been selected for Purdue University’s Burton D. Morgan Business Plan Competition, which will award a total of $100,000 in prize money to winners in an effort to spur entrepreneurship. Finalists will make their business-plan presentations Feb. 24 from 8:30 a.m. to 4:15 p.m. in Discovery Park’s Burton D. Morgan Center for Entrepreneurship in […]
President Barack Obama plans to sign the $787 billion economic stimulus bill into law today in Denver. The spending plan is expected to provide Indiana with more than $6 billion in direct federal funding. Fox 59 News will have more at 10 p.m.
Central Indiana home sales plunged nearly 16 percent last month, compared with a year earlier, according to a report released yesterday by Landrigan & Co., an Indianapolis residential real estate firm. Landrigan said January sales in 13 area counties, including Marion, totaled 1,177, down from 1,395 in the same month last year. The average sales […]
When you appreciate a musical or play a lot better the second time you see it, it’s sometimes difficult to sort out why.
It could be that the piece just grows richer on repeat viewings. It could be that the change of…
