Cafe Nora, Ruth’s Cafe close
Owner Jim Nethercott said he had to shut down Saturday because of falling traffic and other financial troubles.
His…
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Local radio station WKLU-FM sold for $6.3M-WEB ONLY
Florida-based radio operator Russ Oasis has agreed to sell Indianapolis station WKLU-FM 101.9 for $6.3 million to Rocklin, Calif.-based not-for-profit Educational Media Foundation, one of the country’s biggest radio station operators. The deal, signed last Friday, is expected to close within 90 days of regulatory approvals, said Michael Bergner, whose Florida-based firm, Bergner and Co., […]
Obama: Unemployment to keep going up-WEB ONLY
President Barack Obama yesterday declined to predict how high unemployment will climb but made clear he expects it to keep worsening for a while as hiring lags behind other signs of economic recovery. “How employment numbers are going to respond is not year clear,” the president said on a day when he was headed to […]
Court upholds elimination of state township office-WEB ONLY
The Indiana Court of Appeals yesterday rejected a challenge to a state law that eliminated most township assessor offices across the state. The court agreed with a Huntington County court decision that found state lawmakers had the legal right to eliminate the elected offices in midterm. Huntington Township Assessor Joan Stoffel had argued that the […]
The housing bust has come to this
For a peek into just how hard the housing bust has hit the Indianapolis area, look no further than a new
study by the Indiana Business Research Center, an arm of Indiana Universityâ??s Kelley School of Business.
The region,…
Interactive Intelligence expects higher profit-WEB ONLY
Interactive Intelligence said yesterday it expects a profit of between $1.8 million and $2.5 million in the second quarter, up from $845,000 the company earned in the same period last year. The Indianapolis business-communications software firm will report official second quarter financial results July 30. Earnings per share are estimated to be between 10 cents […]
Interactive Intelligence expects higher profit
Interactive Intelligence said yesterday it expects a profit of between $1.8 million and $2.5 million in the second quarter,
up from $845,000 the company earned in the same period last year.
Bob Knight, still The General
Whether he ever gets another job as a basketball coach remains to be seen, but Bob Knight is still The General.
During an exhibition softball game played in St. Louis in conjunction with the…
Browning lands big Evansville hotel project-WEB ONLY
Evansville officials plan to build a new 11,000-seat arena in conjunction with a major remodeling of a downtown hotel.Work could start as early as next month on what Evansville Mayor Jonathan Weinzapfel said will be a transformation of the city’s downtown.The plan, announced yesterday, will put the $127 million arena on a different site than […]
Low gas prices hurt sales of high-ethanol E85 fuel-WEB ONLY
Lower gasoline prices, while good news for drivers, were a gut punch for ethanol producers and promoters of the high-ethanol blend known as E85. In Minnesota, the nation’s leader in E85 pumps, sales fell off by more than half this spring compared with the year before, a disappointment to E85 producers and the farmers who […]
State awards schools more than $2M in grants-WEB ONLY
The Indiana Department of Workforce Development is awarding $2.4 million to high school and post-secondary institutions across the state to fund engineering, biomedical and new technical preparation programs. The grants, ranging from $10,000 to $30,000, were awarded to more than 100 schools. The programs prepare students for college or the work force, while providing challenging […]
Ivy Tech chief among final four for Florida job-WEB ONLY
Ivy Tech Community College President Tom Snyder has been named one of four remaining candidates for the position of chancellor of the State University System of Florida, the St. Petersburg Times reported yesterday. A search committee trimmed a list of 13 candidates to four who will be interviewed for the job on Friday. A recommendation […]
Distribution center closing to cost 120 jobs-WEB ONLY
Massachusetts-based Stride Rite Corp. has notified the Indiana Department of Workforce Development that the company will close its distribution center in Huntington, leaving 120 employees jobless. The footwear and apparel retailer said Friday it plans to close the center on Sept. 18 and will lay off employees in two phases: 55 on Sept. 11 and […]
Judge approves Republic’s plan to buy Frontier-WEB ONLY
A bankruptcy judge has approved a plan by Indianapolis-based Republic Airways Holdings to buy Frontier Airlines, although other bidders could still come forward. Frontier Airlines Holdings Inc. spokesman Steve Snyder said the judge approved the plan at a hearing today in New York. Republic, a regional carrier that currently flies for other airlines, is offering […]
Lilly making bid for animal health business-WEB ONLY
Indianapolis-based Eli Lilly and Co. and four of its peers have to submit second bids this week in a scramble to acquire the animal health businesses of two other drugmakers, Merck & Co. Inc. and Schering-Plough Corp. The final decision on who gets what and at what price is expected by the end of July, […]
Judge OKs shift of some Delphi assets to new GM-WEB ONLY
By BREE FOWLER AP Auto Writer NEW YORK A bankruptcy judge on Monday approved a deal that could shift some of auto parts supplier Delphi’s assets to General Motors Co., which emerged from Chapter 11 bankruptcy protection last week. U.S. Judge Robert Gerber, who is overseeing the liquidation of Motors Liquidation Co., the collection of […]
Brightpoint shareholder selling shares-WEB ONLY
Brightpoint Inc. announced this morning that shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering. An offering price was not disclosed. NC Telecom is the entity that owned Denmark-based Dangaard Telecom before Brightpoint bought it in August 2007 for $385 million in stock and the assumption of $350 million […]
Purdue OKs tuition hike, new $500 fee-WEB ONLY
Purdue University’s trustees have approved increasing tuition by 5 percent for Indiana students the next two years along with phasing in a $500 fee for new students. The trustees executive committee voted unanimously today in support of the increase, which will add $388 to the tuition bill for in-state students on the West Lafayette campus. […]
Wishard’s $754M request
The folks at Wishard Memorial Hospital have tough jobs. They care for the indigent, patch up more than their
share of gunshot wounds, and pay for most of it by billing government insurance programs, which arenâ??t
known
for lucrative reimbursements.
Ancient,…
Colleges schedule public hearings on tuition hikes-WEB ONLY
Indiana’s higher education commissioner is urging college students and their parents to attend public meetings about next year’s tuition rates. Colleges and universities hold public meetings on proposed tuition rates before their boards vote on the final numbers. Higher Education Commissioner Teresa Lubbers says the meetings are a chance for parents and students to tell […]