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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…
The Indianapolis Star’s decision to eliminate its business section and roll that news inside the paper’s main pages is generating mixed reactions from business and academic leaders. Changes to the Star, including the scrapping of its stand-alone, four-page business section, started yesterday and mainly are the result of declining revenue and surging newsprint prices, Star […]
Gary officials are asking a state board to increase property tax caps that limit annual tax bills for the city’s homeowners and businesses.City officials went before the state’s Distressed Unit Appeals Board Monday, seeking an exemption from the caps imposed by the General Assembly last year.Gary officials say the city may lose $30 million under […]
President-elect Barack Obama today announced plans to appoint an Indiana University law school professor to a post at the U.S. Department of Justice.A press release from Obama’s office stated, and the law school confirmed, that Obama will name Dawn Johnsen as assistant attorney general for the Office of Legal Counsel. In late 2008, she was […]
Writers’ Center of Indiana is suspending its operations after learning that it won’t get a grant it needs to meet 2009 expenses.Program Director Barbara Shoup notified writing instructors by e-mail Jan. 3 that winter and spring classes are canceled.“As you probably already know, most charitable giving organizations in the city are diverting the majority of […]
Now that Scotty’s Brewhouse has officially opened, what do you think so far of the revamped Jefferson Plaza? The original renderings are here. The…
Ever wonder how and why some books seem to come out of nowhere to become bestsellers?
There’s an interesting story you might have missed in Saturday’s “Wall Street Journal.” Find it here.
In it, reporter Anita Elberse discusses the increased emphasis…
Indiana has never been known as a hotbed of venture capital deals. That recognition has long gone to California
and Massachusetts, and the numbers fall off quickly in other states.
So a statement in this weekendâ??s IBJ was noteworthy…
While Indianapolis Colts coaches—and fans—are asking themselves if there are some soft spots in the roster, the team’s sales and marketing executives are pondering a different question: Is the fan base soft?
They’re about…
Airlines may be struggling nationally, but Indianapolis-based Republic Airways flew more passengers last year than in 2007.The regional carrier said Jan. 2 that it transported 18.9 million passengers in 2008, up 16 percent from the prior year.The airline holding company owns Chautauqua Airlines, Republic Airlines and Shuttle America – airlines that offer about 1,250 flights […]
Indianapolis battery developer EnerDel Inc. has applied for $480 million in low-interest federal loans through a new program intended to help U.S. automakers and their suppliers build more fuel-efficient cars. EnerDel would use the money to double the manufacturing capacity at its plants in Indianapolis and Noblesville, lifting production of lithium-ion battery packs for hybrid […]
