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There were some interesting revelations during an Indy Racing League press conference today to discuss the on-going Automotive Manufacturers Roundtables designed to bring about expanded engine manufacturer participation and to help define a…
General Motors’ U.S. vehicle sales plunged 49 percent in January while Ford’s sales dropped 40 percent, starting 2009 at an abysmal pace for the auto industry as lower sales to fleet buyers like rental car companies weighed down U.S. automakers’ results. Japanese rival Toyota’s sales dropped 32 percent for the month, and Honda’s sales fell […]
By DAN STRUMPF AP Auto Writer NEW YORK General Motors Corp. will offer buyouts to all of its hourly employees, a spokesman confirmed Tuesday, as the troubled automaker continues to slash costs. GM spokesman Tony Sapienza said the buyouts will mainly target GM’s 22,000 retirement-eligible hourly employees, though any union employee can take the offer. […]
Indy Racing League officials say five engine manufacturers are still in competition to provide new engines for the IRL. The companies still in discussions with the Indianapolis-based league are Honda, Audi, Fiat, Porsche and Volkswagen. Honda has been the sole supplier of Indy V8 engines since 2006. New specifications are not expected to be finalized […]
Nineteen small businesses from across the state, including two in Indianapolis, received inaugural Economic Development through Entrepreneurship awards today. Sponsored by the Indiana Economic Development Corp.’s 10 regional small-business development centers, the awards recognize client companies that are both established and emerging. Indianapolis-based Safis Solutions LLC, which provides regulatory-compliance and quality-assurance management to pharmaceutical and […]
Cummins Inc. is bracing for a rocky 2009 after reporting a 55-percent plunge in fourth-quarter profit this morning. The Columbus engine maker reported earnings of $89 million, or 45 cents a share, down from $198 million, or $1 a share, in the same period a year ago. Fourth-quarter sales fell 6 percent, to $3.3 billion, […]
Indianapolis police have released new details on the man they suspect injured five people in a nightclub shooting early Sunday at Ritter Avenue and Brookville Road. Investigators are looking for Anthony Moore, 28, also known as Anthony Leroy Bobbitt. They believe Moore fired a semi-automatic handgun into a crowd at the King of Clubs Lounge, […]
WellPoint Inc. intends to use proceeds from a $1 billion bond sale to buy more of its own stock and repay short-term debt. The Indianapolis-based health insurer sold $400 million of five-year bonds and $600 million in 10-year bonds, according to securities filings. The bonds pay interest of 6 percent and 7 percent, respectively. The […]
A new study from Indiana University’s Bowen Research Center says secondhand smoke cost the state $390.3 million in excess medical expenses in 2007 – about $62 per person. The center, part of IU’s School of Medicine, conducted the study for the Indiana Department of Health’s Smokefree Indiana campaign and the Indiana Tobacco Prevention & Cessation […]
A new lawsuit claims African-Americans aren’t treated fairly when it comes to hiring and promotions within the Indianapolis police and fire departments. More than 30 minority officers and firefighters signed on to the suit, which claims current promotions criteria leave black officers stuck in low-ranking jobs longer than white officers. A group of white officers […]
The Marion County Sheriff’s Department hopes a new GPS tracking system will help improve safety and response times. Officials will unveil the new technology this afternoon. The system is designed to track all MCSD vehicles. The system is also expected to increase the efficiency of dispatchers, and enhance the safety of deputies and the public […]
The Indiana House Ways and Means Committee has endorsed a bill to fund local road projects. The bill, which was approved on a 15-8 party-line vote, would give $800 million from the lease of the Indiana Toll Road to cities, towns and counties. Democrats say the bill would create thousands of new jobs, but critics […]
Cummins Inc. is bracing for a rocky 2009 after reporting a 55-percent plunge in fourth-quarter profit this morning. The Columbus engine maker reported earnings of $89 million, or 45 cents a share, down from $198 million, or $1 a share, in the same period a year ago. Fourth-quarter sales fell 6 percent, to $3.3 billion, […]
WellPoint Inc. intends to use proceeds from a $1 billion bond sale to buy more of its own stock and repay short-term debt. The Indianapolis-based health insurer sold $400 million of five-year bonds and $600 million in 10-year bonds, according to securities filings. The bonds pay interest of 6 percent and 7 percent, respectively. The […]
How successful were the GoDaddy ads aired on TV during the Super Bowl? That depends on who you ask. Some panned, while other praised the two ads featuring Indy Racing League driver Danica…
A prominent Meridian-Kessler building at the corner of 49th and Pennsylvania streets has a new owner nearly a year-and-a-half after it first went up for sale. A group of local investors, led by Bryan Chandler of Eclipse Real Estate and Greg Rankin and John Bales of Venture Cos., purchased the 12,000-square-foot Hamaker Corner building in […]
I know I’m not alone among Indianapolis arts lover in taking occassional trips to Chicago for a change-of-venue cultural fix. So I like to keep an eye on the news up there.
Well, the Chicago Tribune recently reported on some…
Cummins Inc. this morning reported its fifth consecutive year of record sales and profits, then promptly lowered its expectations for 2009. The Columbus engine maker expects sales this year to be about 20 percent lower than the $14.3 billion recorded in 2008; it said earnings before interest and income tax expenses should amount to about […]
Indianapolis-based Dow AgroSciences was a bright spot in an otherwise gloomy fourth quarter for parent Dow Chemical Co. Although Dow today reported a fourth-quarter loss of $1.6 billion on sales of $10.9 billion – down from a $472 million profit and $14.2 billion in sales the prior year – its agricultural sciences segment posted record […]
A study by Indiana University’s Bowen Research Center says secondhand smoke cost the state $390.3 million in excess medical expenses, or about $62 per person, in 2007. The center, part of IU’s School of Medicine, conducted the study for the Indiana Department of Health’s Smokefree Indiana campaign and the Indiana Tobacco Prevention & Cessation Agency. […]
