Marty’s party over in IRL
It’s official, kind of. Marty’s party in the Indy Racing League is over. Sources have told IBJ that IRL officials have asked driver and team owner Marty Roth (through intermediaries) to explore other options…
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National City slashing 4,000 positions
Cleveland-based National City Corp., the second-largest bank in the Indianapolis market, reported more dismal results today and said it plans to cut 4,000 jobs over the next three years in a bid to save more than $500 million. The bank lost $789 million, or $5.86 per share, in the third quarter, its fifth consecutive quarterly […]
High school musical memories
Between the upcoming release of Disney’s “High School Musical 3” in theaters–as both an arts journalist and the father of teenage girls, I know a lot about HSM–and my kid’s own real life high school musical (Pike High School’s production…
State Chamber endorses Gov. Daniels
The Indiana Chamber of Commerce today endorsed Republican Gov. Mitch Daniels for re-election. It was the first time in the business group’s 86-year history that it publicly endorsed a gubernatorial candidate. “Gov. Daniels’ record of accomplishment, particularly in the areas of job creation, innovation and sound financial management, has been critical to our state’s success […]
Tax-sale bidders pass on Winona
The vacant Winona Memorial Hospital attracted no bidders at the Marion County treasurer’s tax sale late last week. The property, at 3232 N. Meridian St., comes with a tax lien of about $1 million. Treasurer Mike Rodman will put it back on the list for a sale Jan. 16. If the hospital attracts no bidders […]
Prasugrel uncertainty weighs on Lilly shares
Uncertainty over when, or if, the U.S. Food and Drug Administration will approve prasugrel, a blood-thinner Eli Lilly and Co. hopes will be its next blockbuster, has taken a bite out of the company’s already slumping stock. Lilly shares closed Friday at $32.20, down $2.18, or 6.3 percent. It ticked up this morning, to $32.68, […]
IU eyeing Oregon State AD
Indiana University may have a shorter list than expected for its soon-to-be-open athletic director position. The Oregonian is reporting that Oregon State University athletic director Bob De Carolis could be offered the job…
Dow AgroSciences on hiring spree
Dow AgroSciences has added 350 jobs around the world so far this year-200 of them at its Indianapolis headquarters-and the CEO of the agricultural-chemical company expects to continue expanding the work force into next year. “Global demand for food, feed, fiber and fuel reinforces the need for agricultural productivity, and Dow AgroSciences is well positioned […]
Spotlight on Monroe County
Spotlight on Monroe County Named for James Monroe, the fifth U.S. president (1817-1825) LARGEST CITIES/TOWNS Population Bloomington ………………………………69,247 Ellettsville …………………………………….5,589 Stinesville ……………………………………….189 5 LARGEST EMPLOYERS Employees Indiana University…………………………13,960 Bloomington Hospital ……………………..3,000 Cook Inc……………………………………….2,200 General Electric Co…………………………2,000 Ivy Tech Community College ……………1,000 COUNTY MSA* Population 128,643 1,695,037 Median age 29.2 35.6 Households 46,715 667,391 Average household […]
Chinese wins converts
Chinese wins converts IU embraces difficult language as China’s economic influence spreads The rise of China’s economic and cultural stars has ignited the popularity of Chinese language instruction at Indiana University, which is gaining national distinction as a leader in the field. The number of students taking Chinese language classes has grown 110 percent over […]
TIPPECANOE COUNTY
TIPPECANOE COUNTY Plant gets grinding British food and industrial ingredients company Tate & Lyle has been assessed two civil penalties totaling $247,941 involving the company’s wet corn milling facility along North Sagamore Parkway in Lafayette. It was formerly known as the A.E. Staley Manufacturing Co. Sagamore plant. The penalties resulted from two settlements signed July […]
JOHNSON COUNTY
JOHNSON COUNTY Truce called in annexation fight Greenwood and Bargersville officials have called off the dogs in their fight over the right to annex parts of the Center Grove area in Johnson County. At least for now. After Bargersville officials forwarded a compromise Oct. 2, Greenwood officials halted their plans to quickly annex the land […]
Pipeline could fuel Shelbyville economy
Pipeline could fuel Shelbyville economy Shelbyville retailers, hoteliers and entertainment venues should get a boost for the next year from 400 construction workers who will move to town to help build the Rockies Express natural gas pipeline through Indiana. The workers started flowing in last month and will make Shelbyville their home until mid- to […]
BOONE COUNTY
BOONE COUNTY Town eyeing vacant lot The town of Zionsville is negotiating to purchase a vacant lot in the village’s historic downtown that formerly was occupied by a Shell service station. Town Council members earlier this month voted unanimously to hire two independent real estate appraisers to assess the empty lot at the corner of […]
MORGAN COUNTY
MORGAN COUNTY Historic goldfish hatchery saved A Morgan County preservation group has agreed to buy a building that once served as headquarters for the world’s largest goldfish hatchery. The Morgan County Historic Preservation Society agreed to buy the Grassyfork Fisheries building in Martinsville from Ozark Fisheries, the Reporter-Times reported this month. Eugene Shireman founded the […]
MONROE COUNTY
MONROE COUNTY IU seeking applicants for student trustee Indiana University is inviting students at each of its eight campuses to apply for the post of student trustee. The current office holder, Arthur D. King, a senior in the IU Kelley School of Business, is the 17th student to hold the position. His twoyear term ends […]
HAMILTON COUNTY
HAMILTON COUNTY Carmel adopts budget of $89 million for services The city of Carmel has passed an $89 million budget for 2009. At its Oct. 6 meeting, the Carmel Common Council adopted the budget, which is based on a property tax rate that’s lower than the rate Carmel Mayor Jim Brainard, a Republican, inherited when […]
HANCOCK COUNTY
HANCOCK COUNTY RV dealer goes big league Things aren’t all bad for Indiana’s economic bellwether, known as the recreational vehicle industry. Found among the negative news, such as headlines in RV Business about Middlebury camper maker Pilgrim International’s going bankrupt and a big bank getting out of RV inventory financing, there was word that Mount […]
A renewed call for renewable energy mandate: State bucks trend by not forcing utilities to diversify
Indiana has become the lone state in the upper Midwest not requiring that utilities supply a certain percentage of their electricity from renewable resources, such as wind turbines and landfill gas. Last month, Michigan’s legislature mandated that at least 10 percent of electricity supplied in that state be generated from renewable sources by 2015. Indiana’s conspicuous lack of a standard, along with growing environmental concerns over coal, could improve prospects for passing a standard during the 2009 session of the…
Hospitals brace for ‘errors’ rule: Financial impact of new Medicare policy still uncertain
Medicare’s new rule to refuse to pay hospitals for “preventable errors” hasn’t caused hospital administrators to lose sleep about lost revenue. But they do worry that the new rule, which went into effect Oct. 1, could increase the number of costly malpractice lawsuits filed against their hospitals. It’s not clear yet what the financial impact of Medicare’s new “no-pay” rule will be. But companies that make their money supplying hospitals with equipment and services have wasted no time using the…