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Indiana University President Michael A. McRobbie ordered the school’s vice presidents, chancellors and deans to find $4.9 million in budget cuts immediately, in response to Gov. Mitch Daniels’ decision to trim IU’s state operating funds by that amount for the current fiscal year. The cut represents 0.2 percent of IU’s $2.6 billion annual budget. State […]
Indy Racing League team owner and driver Sarah Fisher this week signed an endorsement deal with SimCraft Racing Simulators. Fisher will appear at the company’s booth Jan. 8-11 at the 2009 International Consumer…
Tony Mason is leaving his post as executive director of the Circle City Classic to become senior vice president of the 2012 Indianapolis Super Bowl Host Committee. Mason, 42, is set to join the Super Bowl Host Committee in April and is expected to work closely with the John H. Boner Community Center to launch […]
Gov. Mitch Daniels said yesterday he wants to spare schools and public safety from the scalpel as he looks
to prepare an honestly balanced budget during a time of declining tax revenue.
But Democrats accuse the Republican of crimping…
Even as the economy tanks, locally based MainGate Inc. continues to ink major merchandising deals. This week, MainGate signed a deal with the Kansas City Chiefs. This comes on the heels of a…
The Finish Line Inc. had a rough holiday season as traffic and sales fell and customers flocked to lower-priced merchandise, squeezing margins. Same-store sales for the Indianapolis-based retailer fell 6.8 percent in December, CEO Glenn S. Lyon said in a conference call with Wall Street analysts this morning. The company yesterday reported third-quarter results that […]
PITTSBURGH Aluminum producer Alcoa Inc. says it’s cutting about 13 percent of its global work force and slashing spending and output due to the economic downturn. The Pittsburgh-based company says 1,700 contractors also will be cut and that it’s implementing a global salary and hiring freeze. As a result of its actions, Alcoa expects fourth-quarter […]
For this post, I turn the blog over to IBJ reporter Kathleen McLaughlin.
If you thought car salesmen had the lock on limited-time offers and blowout prices, check the blue light flashing over Hilbert Circle Theatre. The Indianapolis Symphony Orchestra is…
The Finish Line Inc. reported today that its sales fell 4.4 percent to $257 million in the third quarter, but the locally based athletic retailer still managed to reduce its inventories and narrow a quarterly loss compared to the same period last year. Same-store sales fell 3.3 percent for the chain of 700 stores in […]
Indianapolis Convention & Visitors Association has hired locally based Young & Laramore as its agency of record after reviewing proposals from 13 applicants. The ad shop will support ICVA’s internal marketing efforts, offering its advertising and branding expertise. The win is good news for Y&L, which made staff cuts in November after long-time client Steak […]
As expected, Gov. Mitch Daniels today proposed balancing the state’s next two-year budget by maintaining current spending levels on several programs while delaying funding for others. Public safety and public schools are among those that would not receive funding increases. Even so, $180 million in new money would need to be included in the budget […]
Market watchers are keeping an eye on Indianapolis-based athletics retailer Finish Line Inc. in advance of its scheduled release of third-quarter financial results late this afternoon. Analysts expect the company to post a loss of 11 cents a share; it reported a profit of $13.1 million – or 24 cents per share – in the […]
Locally based Kite Realty Group Trust has completed the sale of its Spring Mill Medical office complex in Carmel and Silver Glen Crossing shopping center in Chicago for a combined $48.5 million.After adjusting for partners’ shares, the real estate investment trust netted $23.6 million, the majority of which was used to pay down its unsecured […]
The Indianapolis Museum of Art today announced a series of cutbacks designed to trim $1.7 million from its budget due to revenue shortfalls and “significant losses” to its endowment. As of Nov. 30, IMA’s endowment was worth $278.5 million, down 27 percent from the same date in 2007. The museum is trimming expenses for the […]
Fred Glass, who officially took over as Indiana’s athletic director Jan. 2, hasn’t taken long to become ensconced in academia. Even before Glass filled the office vacated by Rick Greenspan, he sat down…
The Indianapolis Museum of Art today announced a series of cutbacks designed to trim $1.7 million from its budget due to revenue
shortfalls and "significant losses" to its endowment.
Nearly 1 million working adults in Indiana lack the skills necessary to make a living wage. Most have no college education, many didn’t finish high school, and some speak little or no English. About a year after identifying the problem in a groundbreaking assessment of the state’s adult education and work force training needs, the […]
Earlier today, the Indianapolis Museum of Art announced a series of cutbacks designed to trim $1.7 million from its budget due to “significant losses to its endowment as well as shortfalls in income generated through donations and purchases at the museum store…
Carmel insurer Conseco Inc.’s shares dropped 5.5 percent yesterday after an analyst downgraded the stock after regulators alleged that the company underfunded its policies.The stock closed the day at $4.45.New York-based Keefe, Bruyette and Woods Inc. cut its rating for Conseco and reduced its price target on the shares from $10 to $8, citing pending […]
Yes, there is some joy in Hoosierland today. And no it’s not because Pittsburgh is No. 1 in the college basketball poll. Well, actually that is the reason—kind of.
In a season that finds…
