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It’s not just residential home sellers facing increasingly brazen buyers these days. As the economy recedes, commercial brokers say a growing number of office, industrial and retail tenants are requesting steep rent reductions to cope with losses. “They’re in trouble and you feel for them,” said Danny Marr, a partner and principle broker with Veritas […]
The Franklin City Council voted 6-1 last night to make the city’s smoking ban one of the most restrictive in Indiana. Franklin, located south of Indianapolis in Johnson County, previously passed a workplace smoking ban in 2006, but excluded some areas, including 21-and-over bars and private clubs. The new ordinance, set to take effect in […]
Hill-Rom Holdings Inc. topped analysts’ lowered profit expectations in its second quarter even as hospital-spending cuts shrank its revenue by 10 percent, the company announced late yesterday. The Batesville-based maker of hospital equipment reported profit of $16.6 million, or 27 cents per share, in the quarter ended March 31. Those numbers excluded a bevy of […]
Regional airline operator Republic Airways Holdings Inc. said yesterday its first quarter profit fell by 89 percent as costs rose and traffic fell slightly. Indianapolis-based Republic, which flies regional jets for carriers including Delta Air Lines, United Airlines, and US Airways, said it earned $2.2 million, or 6 cents per share, during the quarter that […]
Indiana Gov. Mitch Daniels wants a new state revenue forecast before he calls lawmakers back for a special session to write a budget, saying that a revised forecast issued last month was so far off in April that a new starting point is in order. That and other comments he made yesterday drew mixed reactions […]
Normal 0 false false false MicrosoftInternetExplorer4 Brightening news about the economy sent investors rushing into stocks today and sent the Standard & Poor’s 500 index above the break-even point for the year. The S&P 500 soared 29.7 points to 907.23, an increase of 3.4 percent during the day and 0.44 percent for the year. The […]
The Indianapolis Indians continue to score sponsorship deals during a down economy. Late last week, the Indians signed a deal with Arby’s and WJJK-FM 104.5 to present 2-for-1 Tuesdays, a special discount-ticket promotion…
Indy Partnership has been named one of the top 10 economic development groups in the nation by Site Selection magazine. Ron Gifford, CEO of the local not-for-profit, was scheduled to accept the award this afternoon in Asheville, N.C., at the national meeting of the Industrial Asset Management Council. Site Selection, a leading national economic development […]
More than 1,000 Indianapolis children have a week-long reprieve from school amid concerns of a potential flu outbreak. Spring Mill Elementary and IPS School 60 will remain closed for the next week. On Friday, health officials announced that one student at each school had tested positive for H1N1 Influenza A, better known as swine flu. […]
The Franklin City Council is set to vote on a proposal that would ban smoking in bars and private clubs. The council also will take public comments during a hearing at city hall at 6:30 p.m. Franklin is just one of the many Indiana communities that has discussed a potential ban or passed one. Fox […]
Police are looking for a suspect after a man was shot to death yesterday afternoon in his home in the 2300 block of North Parker Avenue on the near east side. James Felix died 20 minutes after paramedics arrived. Police have no suspect or motive.
Indiana Gov. Mitch Daniels said today the budget bill the General Assembly voted on but did not pass last week would have consumed the state’s reserves at the end of two years and left a $1 billion shortfall. April’s revenues, announced this morning, were $255 million below a revised fiscal forecast issued last month. Daniels […]
The lingering recession is forcing the organizers of some of Indiana’s festivals to scale back their events or move them to more affordable venues before the state’s festival season gets under way. In Indianapolis, not-for-profit Storytelling Arts of Indiana canceled its long-running fall festival this year because it anticipates large cuts in city and state […]
Indianapolis-based medical device startup NICO Corp. announced it will introduce its first commercial product today at the American Association of Neurological Surgeons conference in San Diego. NICO, which stands for Neuro Interventional Co., was founded last year by a core group of entrepreneurs who had previously formed medical-device maker Suros Surgical Systems Inc., one of […]
Three days before the Indiana General Assembly was to end last week, Republican Gov. Mitch Daniels said one way to avoid an extra session was to be clear about what he could and could not accept in a new state budget. He said budget plans passed by House Democrats and Senate Republicans were not acceptable […]
Normal 0 false false false MicrosoftInternetExplorer4 Indiana Gov. Mitch Daniels said today the budget bill the General Assembly voted on but did not pass last week would have consumed the state’s reserves at the end of two years and left a $1 billion shortfall. April’s revenues, announced this morning, were $255 million below a revised […]
Indianapolis-based medical device startup NICO Corp. announced it will introduce its first commercial product today at the American Association of Neurological Surgeons conference in San Diego. NICO, which stands for Neuro Interventional Co., was founded last year by a core group of entrepreneurs who had previously formed medical-device maker Suros Surgical Systems Inc., one of […]
I wrote an article about the Indy Racing League’s long-term future for this week’s IBJ print edition that is getting quite a bit of attention from our readers. There are several reader comments…
Sometimes one extreme sheds light on another extreme, and in a day when the nationâ??s financial system is
under the microscope for making all manner of rotten loans, the experience of tiny Kentland Federal Savings
& Loan Association might be…
