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The Hamilton County pilot accused of faking his own death appeared in federal court this morning. But a public defender says Marcus Schrenker, 38, isn’t mentally competent to stand trial. Schrenker’s attorney has asked a Florida federal judge to order a mental evaluation. Investigators say the Carmel investment adviser intentionally crashed his airplane in the […]
Indianapolis Airport Authority honcho John J. Kish is flying south, leaving his current position in April to oversee development of an arena in downtown Evansville. The Evansville Redevelopment Commission voted to hire him yesterday. Kish, 54, oversaw construction of the airport’s $1.1 billion midfield terminal project, which opened in November. Before becoming executive director of […]
Officials from the Indianapolis Fire Department and the Department of Public Safety will hold a meeting tonight as they prepare to close Fire Station 26, 1080 E. Hanna St. City-County councilors and firefighters already have been informed that the closure is imminent. The meeting will be held at 7 p.m. at the Perry Township Government […]
Indianapolis-based Celadon Group Inc. yesterday reported fiscal second-quarter revenue of $119.6 million, a nearly 14-percent decline from the same period last year. Profit was unchanged, at $1.7 million for both the 2008 and 2007 quarters. Celadon’s latest fiscal quarter ended Dec. 31. CEO Steve Russell said the trucking company is feeling the effects of the […]
Several students were robbed at gunpoint this morning as they waited for school buses at three east-side stops. The incidents occurred between 6:40 a.m. and 6:59 a.m. A 16-year-old reported being held up at a stop near East 42nd Street and North Ridgeview Drive in Lawrence, then robberies were reported on East 39th Street near […]
A tight job market helped ITT Educational Services Inc. post financial results this morning that would make most public companies envious. For the period ending Dec. 31, the Carmel-based technical school operator reported fourth quarter revenue of $279.8 million, up from $230.4 million the same period the prior year. ITT posted a $63 million profit […]
Three out of 16 charter school sponsored by Mayor Greg Ballard spent more money than they took in during their most recent fiscal year, according to a report the city released this morning. Fountain Square Academy, Christel House Academy and Indianapolis Lighthouse Charter School all overspent revenue during the 12 months ended June 30, dipping […]
Lackluster economy be darned, Indianapolis’ tourism trade gained ground in 2008. And the city’s new head cheerleader has even
higher hopes for this year and beyond.
Lafayette-based Radian Research Inc. is the first participant in a state initiative that helps companies become employee-owned. Radian received $3.6 million in financing yesterday from the state to make the transition. State Treasurer Richard Mourdock created a program that has $50 million available to companies. The goal is to encourage Indiana companies to embrace employee […]
Indianapolis Airport Authority honcho John J. Kish is flying south, leaving his current position in April to oversee development of an arena in downtown Evansville. The Evansville Redevelopment Commission voted to hire him yesterday. Kish, 54, oversaw construction of the airport’s $1.1 billion midfield terminal project, which opened in November. Before becoming executive director of […]
Lucas Oil Stadium’s retractable roof continues to be the center of much debate. How much use the convertible ceiling at LOS will get remains to be seen. But after a few phone calls…
Columbus, Ohio-based Huntington Bancshares Inc., parent of Indianapolis’ fourth-largest bank, Huntington National Bank, this morning announced a $417.3 million loss, or $1.20 per common share, for its fourth quarter. The company also posted a year-end loss of $113.8 million, or 44 cents per common share, for 2008. Huntington’s fourth quarter results included $560.6 million in […]
A 29-percent increase in student enrollment helped ITT Educational Services Inc. grow its fourth-quarter revenue to $279.8 million, up from $230.4 million the same period the prior year. The Carmel-based technical school operator released financial results for the period ending Dec. 31 this morning. ITT posted a $63 million profit for the quarter, up 30 […]
Just an observation: If visitors are relying on the promotional banners on downtown’s light poles, they’re probably pretty confused by now. Many of the banners are for the Lion King, which had its last Murat Theatre performance on Dec. 28.
Indianapolis-based Celadon Group Inc. reported today fiscal second-quarter revenue of $119.6 million, a nearly 14-percent decline from the same period last year. Profit was unchanged, at $1.7 million for both the 2008 and 2007 quarters. Celadon’s latest fiscal quarter ended Dec. 31. CEO Steve Russell said the trucking company is feeling the effects of the […]
FlamencoNets, a minority-owned Internet service in Indianapolis, is the first tenant signed at the Purdue Research Park at AmeriPlex-Indianapolis. The 4-year-old company plans to hire about five employees and lease space inside the park’s 55,000-square-foot accelerator, the first phase and cornerstone of the project. The accelerator will house 15 to 25 startups and create roughly […]
The cost of a night on the town in Bloomington could go up if state lawmakers approve a bill calling for a 1-percent food and beverage tax to help expand the Bloomington/Monroe County Convention Center. State Rep. Peggy Welch filed the measure late last week. If it passes, local officials also would have to approve […]
The cost-cutting moves announced yesterday by Indianapolis-based Angie’s List are the latest setback for a company whose ambitious growth plans lately have been tempered by job cuts. The consumer-rating service laid off 90 employees this week, reducing its work force to 350. The decision came just three months after announcing an aggressive expansion that included […]
The cost-cutting moves announced yesterday by Indianapolis-based Angie’s List are the latest setback for a company whose ambitious growth plans lately have been tempered by job cuts. The consumer-rating service laid off 90 employees this week, reducing its work force to 350. The decision came just three months after announcing an aggressive expansion that included […]
More than 220 dentists and patients from across Indiana filled the Statehouse this morning, urging lawmakers to pass a bill guaranteeing that insurance companies honor patient requests about where to send benefit payments. Patients typically ask insurance company to send payments directly to the dentist, but some insurers won’t do that if the dentist isn’t […]
