Bipartisan budget agreement nears final passage
Year-end legislation to ease Congress' chronic budget brinkmanship and soften across-the-board spending cuts moved to the cusp of final passage Tuesday, a rare display of Senate bipartisanship.
To refine your search through our archives use our Advanced Search
Year-end legislation to ease Congress' chronic budget brinkmanship and soften across-the-board spending cuts moved to the cusp of final passage Tuesday, a rare display of Senate bipartisanship.
Donald M. Snemis, a partner at Ice Miller LLP's Indianapolis law office, has been named commissioner of the Indiana Bureau of Motor Vehicles by Gov. Mike Pence, the state announced Tuesday.
The inconsistent measures that companies use to disclose CEO pay is the newest battleground in executive compensation. As the SEC works on a rule to require pay-for-performance reports, it also plans to end the wide latitude enjoyed by firms when they compute the numbers.
Indianapolis police on Monday preliminarily charged Brice Price, 19, with murder and conspiracy to commit robbery in the shooting death of a 15-year-old Pike Township boy. Anthony Warren was killed Saturday at Rosewood Commons apartment complex near West 56th Street and Georgetown Road. Investigators said he’d been shot twice. They say Price and Warren were attempting to rob an unidentified person when Warren was fatally shot.
The Indianapolis Department of Public Safety has reached an agreement with the landlord of the troubled Regional Operations Center, which the department vacated in September over safety concerns. Under the new agreement, many of the outstanding “punch-list” items at the building at 201 N. Shadeland Ave. will be repaired to alleviate safety concerns. About 150 department employees are expected to return to the building within 60 days. The city has a 20-year, $20 million lease for the space.
The Greenwood Common Council voted 7-1 Monday night to approve a 1-percent restaurant tax. If the measure is approved by the state, restaurant patrons in Greenwood would pay a 9-percent tax on purchases. That includes the state's 7-percent sales tax and a 1-percent restaurant tax already in effect in Johnson County. The new levy would bring in an estimated $700,000 annually for Greenwood.
The state's high court ruled unanimously Tuesday that an alteration of the contract the plant's developers signed with the Indiana Finance Authority did not constitute a significant change.
Talking to entrepreneurs at a center for business start-ups, Pence said the state can’t compete with its neighbors for private investment without eliminating the personal property tax on business equipment.
Developer Pedcor Cos. unveiled conceptual designs for six more buildings at Carmel City Center that could cost as much as $100 million to build over the next four to five years.
Tom Willie, the new CEO of Indianapolis software firm Blue Pillar Inc., is a bit of a growth guru. An Indianapolis native, Willie started his career by owning a painting in company while earning an electrical engineering degree at Purdue University. He took a marketing job after college at electronics giant Texas Instruments. He left […]
Despite the monthly decline, year-to-date permit filings are up 18 percent over 2012. This year’s number through 11 months has already exceeded 2012’s full-year total.
Less than a week before its final distribution of vouchers for needy families, United Christmas Service is $285,000 short of its seasonal fundraising goal—and about 3,100 families are still waiting for help. Another 250 have yet to be matched with donor groups who provide food, clothing and toys to brighten the holidays.
The Madison Park Church of God in Anderson has a green light to exit bankruptcy under a Chapter 11 plan approved by an Indianapolis judge late last week.
Carrefour SA joined a group of institutional investors to buy 127 European shopping malls in a $2.75 billion deal with Klepierre SA, which is 29-percent owned by Simon Property Group.
Americans aren't expecting another bang-up year for the stock market, according to a new Associated Press-GfK poll.
Dominion Resources Inc. said Monday that the three projects near Indianapolis are capable of providing enough electricity for up to 7,200 homes. Dominion acquired the projects in July from Sunrise Energy Ventures.
Office brokers say the 662,000-square-foot-building, downtown’s third largest, could fetch more than $60 million, or about $100 a square foot.
Hospital executives, in spite of mounting financial pressures under their older business models, are stepping cautiously into the future, with nearly half opting against new accountable care business models touted by Obamacare.
Tom Fischer, chief financial and chief operating officer of Community Health Network, departed suddenly this month. Sources with knowledge of the situation described Fischer’s exit as a firing. But a Community spokeswoman said Fischer resigned in a private meeting with Community CEO Bryan Mills. Fischer, 60, who joined Community as CFO in 2005, declined to comment. Mills and Fischer have been close friends for decades, dating to the time they both worked for the Ernst & Young accounting firm. Now Holly Millard, Community’s chief accounting officer, is serving as interim CFO while Community searches for a replacement. Community is trying to cut expenses 15 percent to 20 percent, including via staff reductions. Community laid off more than 150 employees during the first nine months of this year, many of them part of what it described as a systemwide realignment. Community spokeswoman Lynda de Widt described the staff reductions as part of the normal course of business in an organization that has 13,000 employees. Community reported in late November that it had spent $5 million this year on severance costs.
Because Indianapolis-area hospitals have let go a wave of workers this year, the University of Indianapolis will host a seminar to help nurses and health care professionals search for new jobs. The seminar, “Reinventing Yourself: A Personal Transformation for Healthcare Workers” is scheduled from 8:30 to 11:30 a.m. Jan. 11 in UIndy’s Schwitzer Student Center at 1400 E. Hanna Ave. The free event is sponsored by UIndy’s School for Adult Learning, School of Nursing and College of Health Sciences, and will tout UIndy’s health-related educational programs. Also, John Vice, a longtime human resources manager for Eli Lilly and Co., will tell attendees how to pursue new career paths.
Nearly 2,800 Hoosiers selected a private insurance plan on the Obamacare exchange in November, nearly four times as many as did so in October. The faster pace of enrollment was mirrored in the other 35 states that are also relying on the federally run Healthcare.gov web site for online enrollment. The Obama administration worked feverishly in November to correct major technical problems with the website that prevented numerous Americans from enrolling. Even so, the pace of enrollment in the federal exchange will need to be nearly 12 times faster than it was in November if enrollment via the exchange is going to meet a federal projection of more than 4.8 million enrollees by the end of March. According to a report issued Wednesday by the U.S. Department of Health and Human Services, 137,204 actually selected a private health insurance plan during October and November, with about 110,000 of them doing so in November. In 14 states and the District of Columbia, which are operating their own insurance exchanges, enrollment also surged in November, to nearly 148,000 people, compared with about 80,000 in October. Enrollment via the state-based exchanges will need to triple its pace to meet an overall federal projection of 7 million enrollees via the Obamacare exchanges.
More than 10,000 low-income Indiana residents who participate in the Healthy Indiana Plan will be able to keep their benefits through April. The Indiana Family and Social Services Administration announced Dec. 10 it is extending for an extra three months its Healthy Indiana Plan to participants who earn between 100 percent and 200 percent of the federal poverty level. The move will give members more time to obtain coverage through the federal health care exchange. FSSA Secretary Debra Minott said many HIP members have struggled to enroll in the exchange because of technical issues. The HIP extension could cost Indiana up to $11 million.
An Indiana plant will get $29.2 million to make parts for 10-speed transmissions and for six-speed transmission components. The Bedford facility has about 600 workers.