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The U.S. economy hasn’t slipped into recession yet. But it is flirting with one, according to Purdue University economist Charlene Sullivan. Consumer and lender confidence levels will determine the slope of the slide. “You’re in a recession when your neighbor loses his job,” she joked. “You’re in a depression when you lose your job.” Sullivan […]
Today, the Indy Racing League officially announced its sponsorship agreement with DirecTV that was first reported on this site March 27. Sources familiar with the multi-year deal said it is worth $3 million…
Indianapolis-based CountryMark Cooperative Inc. plans to boost fuel production 12 percent when a $20 million expansion of its Mount Vernon refinery is completed in May. The additional 3,000 barrels a day will amount to 45 million gallons a year. The southern Indiana refinery is supplied by oil from the Illinois Basin, an underground field that […]
The owners of ATA Airlines talked to five interested buyers early this year in a desperate attempt to sell the troubled airline. But FedEx Corp. in January unexpectedly cancelled ATA’s contract to carry military personnel, scuttling any sale and pushing ATA into liquidation. The company filed the Chapter 11 bankruptcy petition last night in Indianapolis. […]
Regenstrief Foundation has committed an additional $11 million over five years to the Regenstrief Center for Healthcare Engineering at Purdue University. The Indianapolis foundation launched the center in 2005 with $3 million. The center attempts to improve patient safety and patient care through Purdue systems engineering, management, science and information technology. The technology is brought […]
Indiana University’s new men’s basketball coach proved at Marquette he can win games. Now he is proving to be a savvy marketer. Yesterday, during his introductory press conference, Crean lauded and reached out…
Officials for locally based Just Marketing International today announced they finalized a deal this week to work with BMW North American motorsports. Financial terms of the deal were not released.
Central to the commitment…
One of two finalists vying for the president’s post at Indiana State University has dropped out of the running for health reasons. That leaves only one candidate, because a third finalist withdrew earlier, so the university now will reopen the search, according to The Tribune-Star of Terre Haute. Trustees hope a new president can be […]
As I write this, lines are forming at the downtown Barack Obama headquarters for free tickets to this Sunday’s Dave Matthews Band concert in Bloomington.
It’s nothing new to see performers stumping for candidates. My question, though, is whether or not…
Toyota Motor Corp. is considering consolidating assembly of its Tundra full-size pickup truck from its Princeton plant in southwestern Indiana to its new Tundra assembly plant near San Antonio, Texas, according to The Wall Street Journal. So little of the capacity at Princeton is being used that the company’s honorary chairman, Shoichiro Toyoda, visited the […]
Barring a small miracle, ATA Airlines is dead, now that itâ??s lost a major military contract.
The carrier was headquartered in Indianapolis until it moved to the Atlanta area late last year.
How big a blow would ATAâ??s demise be…
The new Dunkin Donuts at Washington and Pennsylvania streets (reported here in November) likely will have a retro look that incorporates the old Roselyn Bakery sign. Plans call for neon signs and a stainless steel facade. What do you think?
ATA Airlines Inc. said today it has filed for Chapter 11 bankruptcy protection, just two years after emerging from a bankruptcy filed in 2004. All operations were discontinued as of 4 a.m. today, the carrier said, meaning ticket holders will need to find alternatives. ATA had previously discontinued scheduled flights from Indianapolis. The filing means […]
A decline in automotive orders has prompted Harvey Industries LLC to lay off 90 of its 215 workers until it can recover more work through a diversification effort under way since last fall. The company, which operates in the northern Indiana city of Warsaw but is headquartered in Westland, Mich., primarily supplies Detroit automakers with […]
The terms we use to describe local geography are changing.
â??Central Indianaâ?? is cropping up more often for television stations, Central Indiana Corporate Partnership and
other organizations that extend well outside of Indianapolis. The term can sweep in as much as…
If Indiana University officials sought a clean break from former men’s basketball coach Kelvin Sampson, their hire of Marquette’s Tom Crean failed to do so. Two of Crean’s four assistant coaches have a…
A local firm has begun renovations on an historic 12-story former bank building at 129 E. Market St. Crown Property Group bought the J.F. Wild & Co. building from…
WellPoint Inc. will no longer reimburse hospitals for serious preventable errors, the Indianapolis-based health insurer announced today. WellPoint’s first phase of the initiative includes 11 preventable adverse events and will be modified and expanded in the future. WellPoint said no one should be charged for the three most serious errors: performing the wrong kind of […]
I was jazzed to take my kids to revisit Actors Theatre of Indiana’s “A Year with Frog and Toad” last weekend at The Children’s Museum, where a truncated version is being presented free with museum admission.
Unfortunately some rights issues kept…
With former Indiana Pacers CEO Donnie Walsh, 67, set to be introduced as the New York Knicks president today at 1 p.m., several questions loom large for the Pacers front office.
While the Pacers…
