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General Motors Corp.’s latest round of cost-cutting moves will miss Indiana. The automaker announced today it will cut 2,000 jobs at plants in Michigan and Ohio, and it will halt production for several weeks at nine U.S. plants over the next six months due to slow sales. GM spokesman Chris Lee told IBJ that none […]
Locally based Koorsen Fire & Security Inc. has acquired Ohio Electronic Protection, a security firm based in Columbus, Ohio. Terms of the deal were not disclosed. Founded in 1946 in Indianapolis, Koorsen is a privately held company with 658 employees and about 20 locations ranging from Indiana to Florida. It provides electronic security systems, fire […]
The newly crowned Miss America says she can’t wait to get started in her new job as a spokeswoman for the Children’s Miracle Network and other causes. Seymour’s own Katie Stam, 22, won the crown Saturday night. She’s the first Hoosier to win the title in the 88-year history of the pageant. Stam is a […]
An Indianapolis teenager is in critical condition after he was shot in the head during an apparent robbery last night. Police found Jeremy Swift, 16, lying near a car at Lakeview Terrace Apartments near 21st Street and Mitthoeffer Road about 6:20 p.m. Swift was taken to Wishard Hospital. Investigators believe four men wearing ski masks […]
Evansville-based Old National Bancorp today reported fourth-quarter profit of $6.6 million, down from $22 million in the same period the prior year. Earlier this month, the company told the U.S. Securities and Exchange Commission that its quarterly results would be affected by higher-than-expected loan losses of $17 million and the write-off of a check fraud […]
The American Legion hosted a rally on the steps of the Indiana Statehouse this morning in an effort to save a children’s home for closure. The Indiana Soldiers’ and Sailors’ Children’s Home in Knightstown is scheduled to shut down in May. State officials say the home is inefficient and expensive, costing $91,000 per student each […]
Most lawmakers say the biggest issue before the Indiana General Assembly this year is passing a balanced budget during tough economic times. But there are a few hot topics that some legislators also want addressed this session. They include taking the next step toward amending caps on property tax bills into the state constitution, starting […]
Police have questioned and cleared a woman in connection with a string of bus stop robberies last week, but investigators are still looking for her husband. Several students were robbed at gunpoint last week on Indianapolis’ northeast side, including one who was pistol whipped. Investigators say Tamara Edwards turned herself in for questioning, and they […]
My reaction to last year’s announcement that the Indy Racing League was parting ways with ESPN for lesser known cable channel, Versus, was the same as a lot of the readers of this…
Developers are working on plans to build new residential or commercial space adjacent to two public-housing towers near Mass Ave downtown. The Indianapolis Housing Agency…
Evansville-based Old National Bancorp today reported fourth-quarter profit of $6.6 million, down from $22 million in the same period the prior year. Earlier this month, the company told the U.S. Securities and Exchange Commission that its quarterly results would be affected by higher-than-expected loan losses of $17 million and the write-off of a check fraud […]
Manufactured housing maker Liberty Homes Inc. has tentative plans to close its plant in Syracuse, eliminating about 80 jobs in the process. The Goshen firm filed a closing notice with the state last week, saying layoffs could begin about March 20. Liberty has seven manufacturing facilities nationwide. The closure is another blow to northwest Indiana’s […]
Here’s something that passes as good news for central Indiana’s moribund housing market: Prices might hold steady this year,
after falling nearly 7 percent from their 2006 peak.
These businesses have received loans from financial institutions with
a guarantee
from the SBA. Not all funds are disbursed immediately. Furthermore, some approved loans are subsequently canceled.
Fall Creek Academy is among a growing number of high schools that enroll their students to take classes at colleges, earning
credit toward both a high school and a college degree.
Companies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the
blame on the credit crunch that rattled the nation’s economy and sent deal-making into a downward spiral.
Greetings from New York.
My weekend included catching three Broadway shows (I’ll be reviewing them in the print IBJ this week) and reading a chunk of Dennis Lahane’s novel “The Given Day” while on the trains back and forth to New…
On my bookshelf, there’s an old copy of Richard Yates’ “Revolutionary Road.” The cover illustration shows a pristine countryside with puffy white clouds on an azure sky. Above the hills fl oats a stoppered glass jar. Inside, a woman stands before a house and church, her arms crossed, impatient. Outside, a man climbs toward her […]
Once recruited for a high-level management position at a major soft drink company, John Kerns is now the recruiter, searching for presidents, vice presidents and directors for a number of Fortune 500 fi rms. But with the economy nosediving and companies laying off workers by the hundreds and thousands, Kerns calls this the most difficult […]
