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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 […]
Steak n Shake Co. extended its bad run into the new year, reporting a $3.4 million loss for its first fiscal quarter yesterday, up from a $1.2 million loss in the prior-year period. It was the Indianapolis-based restaurant chain’s fifth consecutive quarterly loss. Total revenue for the quarter ended Dec. 17 was $131.7 million, off […]
The Carmel Clay School District is looking for ways to trim millions of dollars from next year’s budget. Administrators revealed a plan for across-the-board cuts totaling $1.85 million. The plan would mean layoffs for a number of teachers, including several in the foreign languages. Other instructors would be paid more to teach an extra class […]
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 […]
The City of Anderson recently sold one of three former General Motors plants, and officials say they’re optimistic that they’ll soon find buyers for the remaining two sites, despite the sluggish economy. “Anderson hit bottom a long time ago,” said Diana Priser, the city’s deputy director of economic development. “We’re on our way back up.” […]
Boston Celtics Coach Glenn “Doc” Rivers clearly still has former Indiana Pacer Reggie Miller on speed dial. In a surprising revelation, Rivers told radio talk show host Dan Patrick yesterday that he called…
Indiana’s unemployment rate shot up more than 1 percentage point to 8.2 percent in December, according to figures released this morning from the Indiana Department of Workforce Development.The state’s jobless rate grew from 7.1 percent in November and is a whopping 3.6 percentage points higher than the 4.6 percent unemployment rate recorded in December 2007.Indiana […]
Films that were screened as part of our IBJ Night at the Movies previews scored 13 Oscar nominations.
Ten of those noms were for “Slumdog Millionaire.” Two others were for “The Duchess” while the final one was a well-deserved Best Original…
Navistar International Corp. said this morning it will close its Indianapolis engine plant and adjacent Indianapolis Casting Corp. foundry effective July 31. The closing was largely expected after Navistar agreed earlier this month to stop producing diesel engines for Ford Motor Co. Navistar’s Brookville Road plant produces engines used in Ford’s F-Series pickup. The two […]
Steak n Shake Co. extended its bad run into the new year, reporting a $3.4 million loss for its first fiscal quarter yesterday, up from a $1.2 million loss in the prior-year period. It was the Indianapolis-based restaurant chain’s fifth consecutive quarterly loss. Total revenue for the quarter ended Dec. 17 was $131.7 million, off […]
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…
