To refine your search through our archives use our Advanced Search
An Elkhart manufacturing plant slated for partial closure last year will be shuttered on a permanent basis due to “adverse business conditions,” according to a notice filed with the state late last week. Michigan-based Continental Automotive Systems US Inc. said it will close the 119-employee electrical systems plant beginning March 31; it will stagger the […]
Federal health regulators are looking into evidence that an Eli Lilly and Co. drug used to treat blood poisoning worsens the risk of bleeding and can lead to death in certain patients. The Food and Drug Administration said today a recently published study showed that the Indianapolis-based company’s drug Xigris increased the risk of dangerous […]
Indiana Department of Transportation Commissioner Karl Browning submitted his resignation today and will leave his position at the end of the month. Gov. Mitch Daniels has named Michael Reed, executive director of the Indiana Utility Regulatory Commission since 2006, to replace Browning. Reed will join INDOT Feb. 16 and work with Browning on the transition […]
Unemployment rates rose in 98 percent of U.S. metropolitan areas late last year, with manufacturing layoffs driving the largest annual increases in Indiana’s Elkhart-Goshen region and Dalton, Ga. The Labor Department said today that jobless rates climbed in 363 of the largest 369 metropolitan areas in December from a year earlier. Elkhart-Goshen’s unemployment rate soared […]
Stock prices of health insurers, including WellPoint Inc., likely will rise now that Tom Daschle has withdrawn as President Barack Obama’s nominee for secretary of Health and Human Services. At least that’s the opinion of one health care stock analyst, Les Funtleyder of Miller Tabak & Co. in New York. “In our judgment this development […]
After enjoying a bump in passenger counts last year, Indianapolis-based Republic Airways posted a decline in January compared with the same period a year ago. The regional carrier said yesterday that it transported 1.3 million passengers last month, down 2.4 percent from the previous January. In 2008, Republic flew 18.9 million passengers, up 16 percent […]
Investment losses overshadowed an increase in premiums written by Indianapolis insurer Baldwin & Lyons Inc. last quarter, dropping its profit to $100,000 despite operating income of $7.8 million. The company posted investment losses of $7.7 million, which it attributed to global market woes. Its 1-cent-per-share profit compares to $1.34 posted in the fourth quarter of […]
The state House’s Public Policy Committee will hear testimony today on a bill that would completely ban smoking in bars, restaurants, casinos and other public places throughout the state. Some local bar and restaurant owners have expressed concern about what a smoking ban would mean for business. Meanwhile, supporters of bill are pointing to a […]
General Motors Corp. will offer buyouts to all of its hourly employees as the troubled automaker continues to slash costs. GM spokesman Tony Sapienza said the buyouts will mainly target GM’s 22,000 retirement-eligible hourly employees, though any union employee can take the offer. News of the buyouts first broke on Monday, when a union official […]
A panel of government health experts yesterday said a highly anticipated Eli Lilly and Co. blood thinner marks a significant advance over older treatments and should be approved. The nine members of the Food and Drug Administration’s cardiology advisory group unanimously voted in favor of the company’s anti-clotting drug prasugrel, saying it should be approved […]
After enjoying a bump in passenger counts last year, Indianapolis-based Republic Airways posted a decline in January compared with the same period a year ago. The regional carrier said yesterday that it transported 1.3 million passengers last month, down 2.4 percent from the previous January. In 2008, Republic flew 18.9 million passengers, up 16 percent […]
Police continue to investigate a deadly crash on Interstate 69 yesterday that involved more than 30 vehicles and killed three people. The chain reaction started after a fire truck was hit by a passing car. Investigators say yesterday’s snow was an obvious factor, and some drivers were going too fast for the conditions. Two of […]
Stock prices of health insurers, including WellPoint Inc., likely will rise now that Tom Daschle has withdrawn as President Barack Obama’s nominee for secretary of Health and Human Services. At least that’s the opinion of one health care stock analyst, Les Funtleyder of Miller Tabak & Co. in New York. “In our judgment this development […]
A teenager accused of carrying out a string of bus stop robberies on the east side last month appeared in court this morning for an initial hearing. Investigators say Cameron Johnson, 17, held up students for money, cell phones and shoes. Johnson will be tried as an adult. Indianapolis police are still looking for two […]
PNC Financial Services Group Inc. said yesterday it plans to cut 5,800 jobs by 2011 – including 4,000 at Cleveland-based National City Corp., which it bought late last year. The Pittsburgh bank completed its acquisition of National City on Dec. 31. National City has 75 branches and 1,200 employees in the Indianapolis area, ranking it […]
A near-west-side business is closed today after a nitric acid spill early this morning. Firefighters and hazardous materials crews were called to Magnode Corp., 4151 W. Washington St., about 4 a.m. Firefighters say a pallet of nitric acid began to leak and caught fire when it was exposed to moisture. Crews quickly put out the […]
Bloomington lost out on a new IBM data processing center that could have employed up to 1,300 people in the Monroe County city. The city was a finalist for the project, but officials learned Monday that the company instead chose Dubuque, Iowa. State officials there offered an incentive package totaling $52 million. It was not […]
Investment losses overshadowed an increase in premiums written by Indianapolis insurer Baldwin & Lyons Inc. last quarter, dropping its profit to $100,000 despite operating income of $7.8 million. The company posted investment losses of $7.7 million, which it attributed to global market woes. Its 1-cent-per-share profit compares to $1.34 posted in the fourth quarter of […]
Entertainment giants Ticketmaster Entertainment Inc. and Live Nation Inc. are talking merger, The Wall Street Journal reported today, citing unnamed sources familiar with the deal. If it goes through, the merger would combine two powerful forces in the music industry. Ticketmaster has a stranglehold on event ticketing, and Live Nation dominates concert promotion. The companies’ […]
Art conservators are like Santa’s elves, working anonymously and unseen on objects that bring great joy to other people. But instead of toys, conservators concentrate on the paintings and objects that can make their museums renowned. So the excitement in Conservator-in-Charge David Miller’s voice wasn’t surprising after he learned yesterday that the Indianapolis Museum of […]
