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State Sen. Luke Kenley (R-Noblesville) said yesterday that both the Indianapolis Colts and Indiana Pacers are interested in helping the city’s Capital Improvement Board dig out of its $43 million annual operating deficit. Kenley, chairman of the Senate Committee on Appropriations, said he has met with each team’s representatives to address budget shortfalls plaguing the […]
Investors are frustrated with the government’s latest bank bailout plan – and showing it by unloading stocks. The major stock indexes fell more than 4 percent today, including the Dow Jones industrial average, which tumbled 382 points. Financial stocks led the market lower, a sign of how concerned Wall Street is about the government’s ability […]
A longtime Wayne County judge has been named the new chairman of the Indiana Alcohol and Tobacco Commission. Gov. Mitch Daniels appointed Judge P. Thomas Snow to the position today. Snow has been a Superior Court judge in the eastern Indiana county, which includes Richmond, since 1989. He will start as alcohol commission chairman on […]
The recession is catching up with the Indianapolis Symphony Orchestra, which laid off eight people, or 10 percent of its non-musician work force, today. The layoffs are part of a scramble to shave about $600,000, or 2 percent, from the ISO’s $29.5 annual budget. “We will combat these economic challenges by operating as efficiently as […]
The U.S. Postal Service announced today that the price of a first-class stamp will rise 2 cents, to 44 cents, on May 11. That gives plenty of time to stock up on Forever Stamps, which will continue to sell at the current 42-cent rate until the increase occurs. They will remain valid in the future […]
A Muncie plant that makes boxes for a variety of consumer products has announced that it will close, putting 154 employees out of work. Graphic Packaging International plant manager Rich Maday said the company announced the plans today. Work at the plant will be moved to other factories by the summer. Marietta, Ga.-based Graphic Packaging […]
General Motors Corp. said today it will cut 10,000 salaried jobs, citing the need to restructure itself with a government deadline looming and amid some of the worst sales in the auto industry’s history. The Detroit-based automaker said it will reduce its total number of salaried workers to 63,000 from 73,000 this year. About 3,400 […]
Hamilton Southeastern’s school-redistricting plan has been approved. The school board passed the plan in a 5-1 vote last night. Supporters said the plan was necessary to balance enrollment as Riverside School prepares to open a wing that will accommodate 1,000 additional students. The new boundaries take effect this fall.
Falling demand for wireless devices and discounted prices caused locally based Brightpoint Inc.’s revenue to drop 36 percent in the fourth quarter of 2008 compared with the same period a year ago, the company said late yesterday. The Indianapolis-based mobile technology distributor reported a loss of $344.4 million on $1 billion of revenue for the […]
Jamestown was expected to give a hero’s welcome today to a firefighter injured in an interstate accident in late December. Fred Long, 46, was pinned by a semi after responding to a slide-off of a sport-utility vehicle on I-74. Long was released from rehabilitation today. To mark the occasion, Boone County firefighters organized a morning […]
An Indiana House Committee will consider a bill tomorrow that would let schools knock 10 days off the required 180-day school year. To compensate, administrators would be required to add about 20 minutes to each school day. A parents’ group called Save Our Summers is lobbying for the bill, which would also require an 11-week […]
Spring Mill Elementary parents talked with Washington Township officials this morning in the wake of fatal bus accident Friday that claimed the life of 10-year-old Christopher Michael Beltz. Superintendent Dr. James Mervilde discussed bus safety during today’s meeting as well as the need to more closely inspect bus driver records. School officials confirmed one of […]
U.S. wholesalers cut inventories in December by the largest amount in 16 years, slashing stockpiles amid the deepening recession. The reduction means wholesalers ordered fewer new goods, leading to reduced production and potentially more job layoffs. The Commerce Department said today that wholesale inventories plunged by 1.4 percent, nearly double analysts’ expectations of 0.8 percent. […]
A new restaurant called Stanley’s New York Deli plans to open Feb. 28 at the corner of 86th Street and Ditch Road. Owner Greg Abes named the 3,800-square-foot deli for his father…
Elementary education students at Ivy Tech Community College now can transfer credits toward earning a similar degree at Indiana University, the two schools announced this morning. The agreement allows students who complete an associate of science in elementary education degree at an Ivy Tech campus to transfer those credits toward a bachelor of science in […]
Now that smokers are mostly banished to the outdoors, thereâ??s a new work place pariah â?? those who show up
coughing, sneezing and otherwise obviously sick.
In the not-so-recent past, failing to make it to work while under the weather could be…
A new proposal would help fix Indiana’s depleted unemployment insurance fund by raising taxes on employers. The Indiana House labor committee voted 9-3 this morning to raise more money from businesses by increasing both the taxable wage base and tax rates. The state’s unemployment insurance fund currently pays out millions of dollars more than it […]
Two of the biggest forces in the entertainment business are joining up. Concert promoter Live Nation Inc. and ticketing giant Ticketmaster Entertainment Inc. said this morning that they plan an all-stock merger of equals. The combined company would be called Live Nation Entertainment. Regulatory experts have said the deal could get delayed by an antitrust […]
U.S. wholesalers cut back on their inventories in December by the largest amount in 16 years, slashing stockpiles amid the deepening recession. The reduction means wholesalers ordered fewer new goods, leading to reduced production and potentially more job layoffs. The Commerce Department said today that wholesale inventories plunged by 1.4 percent, nearly double analysts’ expectations […]
Even in a time of great economic distress, the Indiana Pacers have kept on giving.
Through grants across Indiana to over 40 organizations, annual scholarship awards and a $500,000 commitment to…
