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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…
An Italian company that makes wind turbines is pushing back plans to open a high-profile Indiana factory near Muncie. Brevini officials announced in October that production was expected to begin in mid-2010 at a $60 million plant that would bring 450 jobs averaging $46,000 a year to the area. But Brevini USA President Sal Spada […]
The Indianapolis Tennis Championships (formerly the RCA Championships) announced today its selection of Hirons & Company as its advertising and public relations agency of record. Through the three-year contract, Hirons & Company will provide…
Real estate industry interests are concerned about a bill making its way through the Indiana General Assembly that would give tenants of residential and commercial property the right to terminate their leases without penalty if a property goes into foreclosure. Critics say Senate Bill 225, introduced by Republican Sen. Theresa Lubbers of Indianapolis, would make […]
The Indiana Pacers are cutting prices for season-ticket renewals. Pacers Sports & Entertainment President Jim Morris said the changes for the 2009-10 season are being made because “our economy is in a difficult period.” He said the price reduction would affect all seating areas. Some balcony seats in the 18,165-seat Conseco Fieldhouse will go for […]
Denmark-based NeuroSearch has signed an agreement with Indianapolis-based Eli Lilly and Co. to form a three-year drug discovery and development alliance to investigate treatments for central nervous system disorders. Lilly will spend $30 million in the next three years on the alliance. Of that amount, Lilly will pay $17 million to buy NeuroSearch stock, according […]
Republic Airways Holdings Inc. yesterday reported lower revenue and profit for the fourth quarter of 2008, but the financial performance exceeded analysts’ expectations. The Indianapolis-based airline had revenue of $339.3 million for the quarter ended Dec. 31-3.6-percent less than the $351.8 million it reported for the same period of 2007. The company had profit of […]
Wabash National Corp. capped a dismal 2008 with an even worse fourth quarter, the Lafayette-based truck-trailer manufacturer reported late yesterday. The company lost $110.7 million, or $3.69 per share, in the fourth quarter, which ended Dec. 31, on revenue of $230.7 million. It made $5.6 million in the same period of 2007 on revenue of […]
Changes to a bill in the Indiana House would completely exempt casinos from a proposed statewide smoking ban. Also approved yesterday were changes allowing nursing homes to designate areas where smoking is permitted and allowing communities to pass tougher restrictions even after the bill’s original deadline of 2010. The bill originally would have banned smoking […]
Political fighting in the Indiana House has delayed at least temporarily a vote on a bill to help fix the state’s depleted unemployment insurance fund. The bill would raise taxes on employers to help balance the fund, which currently pays out millions of dollars more than it collects while relying on federal loans to issue […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 A House committee approved a bill tonight to give temporary tax breaks to three Indiana casinos, including new ones at the state’s two pari-mutuel horse tracks. The House Ways and Means Committee voted 17-7 for a bill to give tax breaks on wagering revenue for […]
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 […]
Pittsburgh-based PNC Financial Services Group Inc., which acquired Cleveland-based National City Corp. on Dec. 31 for $5.6 billion, has committed to be the presenting sponsor of the Children’s Museum of Indianapolis’ Haunted House for the next decade. Financial terms of the sponsorship were not disclosed. As part of the bank merger, PNC publicly pledged to […]
