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Purdue University trustees this morning approved a capital improvement budget that includes spending $17 million more on renovating and expanding Mackey Arena than the $82 million anticipated last year. The scope of the project is the same; the additional cost was forced by escalating prices for materials and other construction costs, as well as by […]
Pending house sales in the nine-county Indianapolis area plunged 14.7 percent in March from the same month last year, the brokerage F.C. Tucker Co. said today. Sales accepted but not closed fell to 2,419 units from 2,836 a year earlier. Each county, including Madison, saw sales fall, with Hancock posting the biggest reversal: down 31.6 […]
As a senior at Lawrence North High School, Greg Oden was the most televised high school player since LeBron James. And he hoped to be a small screen star after he became a…
Sluggish sales of game room tables to Sears and other big retailers helped throw Escalade Inc. for an $800,000 loss in the first quarter. The Evansville company said today that revenue in its sporting goods segment fell 14 percent, and that sales in its office equipment arm fell 11 percent as mass-market retailers pulled back […]
ResQ Pure Power Energy Drink, a recently launched product, will sponsor Sarah Fisher and Sarah Fisher Racing for this year’s Indianapolis 500. Financial terms of the agreement were not disclosed, but motorsports sources…
Angie’s List plans to use a new pile of venture capital to take its consumer-rating service international. The Indianapolis-based company has received a $35 million investment from Battery Ventures, a venture capital firm with offices in Boston and Silicon Valley. Battery will hold a minority stake in the company. Angie’s List has more than 600,000 […]
Indianapolis-area drivers will be able to watch for traffic congestion on screens in their vehicles by this fall as a result of an agreement signed this month by Indianapolis-based Emmis Communications Corp. and seven other groups, including National Public Radio. Streets color-coded to show traffic speeds will be broadcast by new digital signals to screens […]
ITT Educational Services Inc. and other for-profit educators saw their stock prices surge this morning, the day after a U.S. House panel approved a bill that aims to ensure students have access to loans-no matter the credit crisis. ITT Educational’s shares also may have been boosted by takeover rumors. Carmel-based ITT Educational’s shares shot up […]
Many Indiana University fans probably wondered why the man sitting next to Eric Gordon at Monday’s press conference looked familiar. Gordon told the world he was leaving IU for the NBA while sitting…
An error that led Carroll County officials to think more money was available than they actually had is stirring heated emotions and demands for steep budget cuts. Earlier this week, commissioners in the county east of Lafayette OK’d cutting the budget by $1.8 million in order to reach a state mandate to not exceed a […]
The Whitestown Town Council might resort to eminent domain to force a family to sell a 100-foot strip of land from their property to allow Indianapolis Road to be relocated closer to State Road 267. Indianapolis Road needs to be moved to make room for a stoplight to handle anticipated traffic resulting from developments including […]
The ATP is considering placing its name across the nets at all of its tournaments, a groundbreaking move that is drawing criticism from tournament promoters.
As a test, the men’s tennis circuit placed its…
Business and government officials in Howard County want to consolidate seven economic development groups in the area under one organizational structure. However, the Kokomo Tribune reports, some county commissioners are worried doing so will only create another bureaucratic layer. The seven groups include Inventrek, Kokomo-Howard County Chamber of Commerce, Kokomo-Howard County Development Corp., Urban Enterprise […]
Office vacancy in the Indianapolis area was little changed in the first quarter, according to Colliers Turley Martin Tucker. Despite a net absorption of 126,000 square feet, the vacancy rate edged up 0.2 percent, to 17 percent, from the fourth quarter of 2007, the brokerage said in a report issued yesterday. In the most recent […]
An auction this month could strip locally based
Premier Properties USA Inc. of most of its real estate holdings.
The Indiana Utility Regulatory Commission will hold a public hearing April 14 to receive comments on a rate hike proposed by Anderson Municipal Light & Power. AML&P wants to raise base rates, which for the average residential customer using 1,000 kilowatt hours per month would grow to $69.40 from $62.75. The current rate was approved […]
The Indianapolis Indians announced today they have signed a four-year extension on their player development contract with the Pittsburgh Pirates. The new agreement runs through the 2012 season.
Indianapolis posted a 224-205 regular-season mark during…
A hardwood company headquartered in the Evansville-area town of Chandler has been sold to a similar company in West Virginia because, the owner said, the company was stuck in a no-man’s land. “We were too small to be a big company and too big to be a small company,” said Indiana Hardwoods LLC owner and […]
Duke Realty Corp. is laying off 45 employees this week – about 3.3 percent of its work force – as the local company copes with a giant drop in development starts. The layoffs include about 20 workers at the company’s Indianapolis headquarters, leaving about 540 local employees. After the cuts, the company will have about […]
News from the city’s development industry has been grim lately. Duke Realty Corp. joined the layoff parade this week, dropping 45 employees (including 20 locally). In January, Lauth laid off 80 employees,…
