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WellPoint shares surged after it reported fourth-quarter earnings that were battered by investment losses and job cuts.Shares of the Indianapolis-based health insurer rose 4.3 percent in the first hour of trading, faster than the broader markets, which climbed on President Barack Obama’s plan to create a so-called “bad bank” to remove toxic mortgage assets from […]
A Philadelphia man shot with a gun owned by Colts wide receiver Marvin Harrison is headed to trial. Dwight Dixon is accused of lying to police. Dixon initially told police he was shot during a robbery, but later accused Harrison of shooting him on April 28. Three weeks ago, Philadelphia’s district attorney announced it was […]
Marion County’s Capital Improvement Board may be preparing to swallow an extra $15 million in expenses to keep the Indiana Pacers in town, but one sports business expert said the aid shouldn’t come without conditions. “They have to demand something in return from the Pacers, either more community involvement or some measures from management to […]
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
United Auto Workers officials are hoping to find a way to keep open the foundry that has been associated with an east-side engine plant for 70 years, despite Navistar International Corp.'s plans to close both facilities by July 31.
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
President Barack Obama’s economic stimulus bill provides a big opportunity for the Indianapolis-based Indiana Health Information Exchange to spread its expertise around the country. The organization created a company called Mergetics Inc. last year to help other cities set up health information networks similar to the Indiana Health Information Exchange. Obama’s bill, as it currently […]
Free tickets are being offered for theaters throughout the city. But the catch is one you don’t have much control over…your age.
It’s the tenth year for Free Ticket February, presented by The League of Indianapolis Theatres (which, given its name,…
Two more Indiana employers filed closing notices with the state Department of Workforce Development last week, disclosing plans to eliminate another 167 jobs. International Paper Co. said it will close its industrial packaging plant in Hartford City north of Muncie, laying off 99 workers beginning March 26. The Memphis, Tenn.-based company also has operations in […]
WellPoint Inc. lost 148,000 commercial customers in its fourth quarter as large employers laid off workers, the company reported today. The decline in commercial membership – WellPoint’s most profitable segment – contributed to the company missing Wall Street analysts’ earnings expectations by two cents per share. The Indianapolis-based health insurer pulled down a profit of […]
The United Auto Workers is hoping to find a way to keep open the foundry that has been associated with an east-side engine plant for 70 years, despite Navistar’s intention to close the whole campus on July 31, putting 700 people out of work. Navistar said today that it would close the 1.1 million-square-foot plant, […]
Indiana legislators say they are trying to fix a situation in which landlords facing foreclosure on their rental properties sometimes give tenants little or no notice that they need to find a new place to live. Lawmakers want to give renters a heads up before they are kicked out of their homes. So the Indiana […]
It’s official. The Indiana Pacers are hemorrhaging financially—and looking for city aid. Though franchise officials have no interest in discussing it, the situation has become so bad, the team is now seeking help…
The city’s Capital Improvement Board, which already faces a major operating deficit, expects to take an additional $15 million hit next year from a provision that allows the Indiana Pacers to renegotiate their lease after 10 years. CIB members met this afternoon to begin tackling the organization’s $43 million annual operating shortfall, which includes Conseco […]
The city’s Capital Improvement Board, which already faces a major operating deficit, expects to take an additional $15 million hit next year from a provision that allows the Indiana Pacers to renegotiate its lease after 10 years. CIB members met this afternoon to begin tackling the organization’s $43 million annual operating shortfall, which includes Conseco […]
Steel Dynamics Inc.’s stock price jumped today after it beat Wall Street’s expectations of its fourth-quarter results, though the steelmaker posted a loss because of one-time charges. The Fort Wayne-based company reported a loss of $82.7 million, or 45 cents per share, in the quarter compared with profit of $97.9 million, or 50 cents per […]
Navistar International Corp.’s decision to close its east-side manufacturing campus on July 31 will end a 70-year tradition of Indianapolis-made engines that began when the plant opened in 1938 as International Harvester. As many as 700 people will be out of work because Navistar lost its contract with Ford Motor Co. to produce diesel engines […]
American Cabaret Theatre’s announcement last week that it would move out of its longtime home at the Athenaeum on Massachusetts Avenue was more than two years in the making. “We just flat ran out of cash,” said Barbara Weaver Smith, the not-for-profit professional company’s board president. “There is no alternative at this moment in time.” […]
Employees at Rolls-Royce Group Plc’s Tibbs Avenue manufacturing plant started 2008 not knowing whether they’d keep their jobs. They’re starting 2009 with plenty of work ahead of them. Rolls-Royce said yesterday it won a multiyear contract to develop fuel-efficient turbine engines for the U.S. Air Force – a deal that could be worth as much […]
American Cabaret Theatre’s announcement last week that it would move out of its longtime home at the Athenaeum on Massachusetts Avenue was more than two years in the making. “We just flat ran out of cash,” said Barbara Weaver Smith, the not-for-profit professional company’s board president. “There is no alternative at this moment in time.” […]
