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Construction on the Getrag transmission plant north of Indianapolis will resume Monday, now that the German transmission maker and its partner on the project, Chrysler LLC, have settled a dispute. The companies wouldn’t discuss the issue that caused work on the $530 million project near Tipton to grind to a halt on Dec. 21, according […]
Xenia Miller, the widow of Columbus industrialist J. Irwin Miller, died Tuesday at the age of 90, according to The Republic of Columbus. The Morgantown native supported causes ranging from downtown redevelopment to bringing to Columbus art by Dale Chihuly, whose tower of blown glass is a permanent sculpture in the Children’s Museum of Indianapolis. […]
UPDATE (Feb. 22): Owners of Champ Car and the Indy Racing League completed an agreement in principle today that will unify the sport for 2008, said a statement released at 4:40 p.m. by the Indy Racing League. Several Champ Car…
Republican presidential candidate John McCain is coming to Emmis Communications Corp. headquarters on Monument Circle, McCain’s campaign said yesterday. McCain is scheduled to appear Friday at 9 a.m. Is McCain venturing into enemy territory, considering Emmis CEO Jeff Smulyan traditionally supports Democrats and has contributed to both Hillary Clinton and Barack Obama? “Our lobby is […]
Mercantile Bancorp Inc., a Quincy, Ill., holding company with locations in four states, plans to open a loan-production office in Carmel as the bank’s entry into Indiana. Headed by former First Indiana Bank Vice President Kevin Murphy, the office will focus on business loans of $5 million to $15 million. Mercantile CEO Ted Awerkamp said […]
The city waived several zoning requirements in allowing Simon Property Group to install a giant electronic sign at the entrance to Castleton Square Mall. The electronic portion of…
Businesses and their employees opened pockets last year to enable United Way of Central Indiana to hit a
record $39 million in contributions.
The not-for-profit attributed the good news to hustle by campaign co-chairmen who offered money from their…
Inflation is speeding up and wage growth is slowing down, the U.S. Bureau of Labor Statistics said this
morning.
Blame rising oil prices for the inflation and the slowing economy for the sluggish wage growth, says the
Economic Policy Institute, a…
With all that’s happening on the local sports scene, it’s easy to forget about the NFL Scouting Combine, which begins today in the RCA Dome. The Combine, which was first held in Indianapolis in 1987, is an event that has…
Contributions from the 2007 fund-raising campaign for United Way of Central Indiana will increase 5.4 percent from 2006, the not-for-profit projected today. The record $39 million is expected to be $2 million over the prior year. President and CEO Ellen Annala attributed the increase to campaign co-chairmen who put their own money on the line […]
Today I am PBS’ biggest fan.
That’s because tonight, the long-running series “Great Performances” is premiering “Company,” a taped-from-the-stage production of the George Firth/Stephen Sondheim musical.
In case you are unfamiliar, “Company” is a landmark musical from 1970 that bypassed traditional story…
An agreement could be near in the long-running dispute between the towns of Whitestown and Fayette in Boone County. County commissioners are considering signing a compromise that would dismiss a lawsuit brought against the county last year by Whitestown and Carmel developer Brenwick Associates LLC, according to the Lebanon Reporter. The suit challenges the incorporation […]
AirTran Airways, a sponsor of Danica Patrick’s, recently announced that passengers at LaGuardia Airport in New York will have the privilege of their own personal pit crew to get through check-in fast, thanks to a hustling team of Danica Patrick…
Calumet Specialty Products Partners LP reported yesterday that fourth-quarter profit plummeted to $7.8 million from $32.1 million a year earlier. The Indianapolis company said oil prices increased faster than it could raise prices on the lubricants, fuel and other products it refines. For the year, Calumet had profit of $82.9 million compared to $95.6 million […]
The Marion City Council has approved issuing up to $10 million in bonds to be used by Veriana Networks LLC to buy and equip headquarters it has said it wants to build in the Grant County community. In October, Veriana, a startup specializing in technology, media and risk management for the entertainment industry, announced its […]
Descendents of the founder of Indiana Beach amusement park have sold the operation to Morgan RV Resorts, a campground and RV park owner headquartered in Queensbury, N.Y., for undisclosed terms. The deal was announced yesterday, according to the Herald Journal of Monticello. Locations included in the sale are Indiana Beach amusement park, Jelleystone Park Camp-Resort […]
It’s a busy week for real estate news. Here are a few headlines:
Circuit City closes Clay Terrace store
Carmel’s high-end lifestyle center Clay Terrace has an empty big box. Virginia-based Circuit…
Organizers putting together Indianapolis’ bid for the 2012 Super Bowl have established a Web site – www.our2012sb.com – that they hope will become a breeding ground for public comments and suggestions to build their pitch. Also unveiled in a formal announcement of the bid this afternoon is a community advisory council that will gather ideas […]
Indianapolis is now the most affordable large market in which to buy a house 10 quarters running.
Thatâ??s according to an index the National Association of Home Builders and Wells Fargo put out this afternoon.
In the past quarter, 46.6 percent…
Mutual First Financial Inc. in Muncie said yesterday it would restate its cash flow for 2006 because officials misunderstood where to allocate loan sale activities. The sales were allocated to operating activities rather than the proper category of investing activities, the bank said in a Securities and Exchange Commission filing today. In an interview, Assistant […]
