IU facing severe revenue shortfall
The announcement that Indiana University is lowering the price of its balcony seats from $23 to $5 for the last seven home games got me wondering how new athletic director Fred Glass is…
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Lilly crosses one Zyprexa hurdle, faces another-WEB ONLY
On the same day last week, Eli Lilly and Co. cleared a big hurdle regarding its bestselling drug Zyprexa and immediately found itself facing another one. Lilly paid dearly – $1.42 billion – for pleading guilty to improperly marketing the antipsychotic Zyprexa between 1999 and 2001 and to settle lawsuits filed by states. But that […]
Angie’s List announces employment cuts-WEB ONLY
Just three months after announcing an aggressive expansion, Indianapolis-based Angie’s List said today it is eliminating 90 jobs-about 20 percent of its work force. In an effort to trim costs, 50 jobs will be cut from the data acquisition and processing departments and another 40 from other departments, CEO Bill Oesterle said in a statement. The […]
Red Mango headed to Ripple
A hip frozen yogurt chain with a foothold in California and New York is getting ready to stake a claim in Broad Ripple. Red Mango has filed…
Dow suffers record Inauguration Day hit-WEB ONLY
The Dow Jones industrial average suffered the worst Inauguration Day decline in its 112-year history today, falling more than 4 percent as Barack Obama took over as U.S. president. The Dow dropped 332 points, to 7,949, its first close below 8,000 since Nov. 20. Continuing problems in the banking industry took a toll on major […]
Presidential poetry
For only the fourth time in history, poetry was officially a part of the U.S. Presidential inauguration.
So did the piece work for you? (You can find the text of Elizabeth Alexander’s poem here.) How did it hold up to…
DRR imports Brit driver
Dreyer & Reinbold Racing announced today it has signed a deal with British racer Mike Conway to become the team’s first confirmed driver for the 2009 Indy Racing League campaign.
The 25-year old rookie…
Bill would slow rollout of Indiana welfare changes-WEB ONLY
A Republican lawmaker has defied Gov. Mitch Daniels and filed a bill to slow the rollout of Indiana’s new welfare intake system, but the leader of the GOP-controlled state Senate is skeptical the legislation is needed. The bill by Rep. Suzanne Crouch, R-Evansville, would stop the Family and Social Services Administration from automating welfare intake […]
Obama takes office, appeals for ‘hope over fear’-WEB ONLY
Stepping into history, Barack Hussein Obama grasped the reins of power as America’s first black president today, declaring the nation must choose “hope over fear, unity of purpose over conflict and discord” to overcome the worst economic crisis since the Great Depression. In frigid temperatures, an exuberant crowd of more than a million packed the […]
Economy could slow Purdue park’s promise-WEB ONLY
Purdue University will dedicate its new research park in the Ameriplex industrial complex on Indianapolis’ west side tomorrow, but the park’s bright potential runs the risk of being overshadowed by a dreary economy. Construction finished late last year on the first phase and cornerstone of the project, a 55,000-square-foot accelerator that will house 15 to […]
Penn Arts project hits financing snag-WEB ONLY
The Penn Arts apartment building at 16th and Meridian streets will stay vacant a while longer. A $3-million plan to transform the aging 82-unit apartment building into 45 fancier units has hit a snag that’s become familiar to developers: No financing was available at advantageous terms, said Christopher Piazza of developer Reverie Estates LLC. Piazza […]
Clear Channel cuts begin; local impact unknown-WEB ONLY
A massive reorganization at radio giant Clear Channel Communications began as expected today. Industry Web site Radio-Info.com reported this morning that jobs cuts were under way as the San Antonio-based company broke the news to employees both in one-on-one sessions and staff meetings. Clear Channel employs about 50 people in Indianapolis at three radio stations […]
1 dead in stabbing on city’s east side-WEB ONLY
One man is dead and a suspect is in custody after a stabbing last night on Indianapolis’ east side. Indianapolis Police got a call just after 10 p.m. about a person down in the 6100 block of East 21st Street. The victim was taken to Wishard Hospital, were he died at 11:40 p.m. The victim […]
Indiana National Guard unit deploying to Iraq-WEB ONLY
Family and friends gathered at Camp Atterbury in Edinburgh this morning to see off 132 Hoosier soldiers. Members of the 138th Quartermaster Support Company are preparing to deploy to Iraq. The departure ceremony began today at 10 a.m., and was hosted by the 219th Battlefield Surveillance Brigade. The Brazil-based unit will be the first to […]
Suspects at large in Hancock Co. robbery-WEB ONLY
Two men are on the loose after robbing a Hancock County gas station worker at gunpoint this morning. Investigators say a pair of black males entered Gas America at Mount Comfort Road and U.S. 40 about 3 a.m. today, robbed the attendant and made their getaway. Investigators are reviewing surveillance video from the scene.
Penn Arts project hits financing snag-WEB ONLY
The Penn Arts apartment building at 16th and Meridian streets will stay vacant a while longer. A $3-million plan to transform the aging 82-unit apartment building into 45 fancier units has hit a snag that’s become familiar to developers: No financing was available at advantageous terms, said Christopher Piazza of developer Reverie Estates LLC. Piazza […]
Economy could slow Purdue park’s promise-WEB ONLY
Purdue University will dedicate its new research park in the Ameriplex industrial complex on Indianapolis’ west side tomorrow, but the park’s bright potential runs the risk of being overshadowed by a dreary economy. Construction finished late last year on the first phase and cornerstone of the project, a 55,000-square-foot accelerator that will house 15 to […]
Not all Chrysler workers on the job in Kokomo-WEB ONLY
About 1,300 workers at Chrysler’s Kokomo Transmission Plant did not return to work today as expected following a month-long layoff. Company officials expected the plant’s entire workforce of 2,000 would return today. But in a statement yesterday they said remaining workers likely would be called back Jan. 26. Chrysler employs about 6,300 workers at the […]
Berry Plastics to expand operations in 2010-WEB ONLY
Evansville-based Berry Plastics Corp. is planning an $80 million expansion of its thermoforming operations next year. The company says the site of the expansion has yet to be determined, but it expects the project to add more than 150 jobs to its work force. Berry, which ranked first on IBJ’s 2008 list of the largest […]