Around town retail roundup
A new restaurant called Stanley’s New York Deli plans to open Feb. 28 at the corner of 86th Street and Ditch Road. Owner Greg Abes named the 3,800-square-foot deli for his father…
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IU, Ivy Tech agree to education degree transfer-WEB ONLY
Elementary education students at Ivy Tech Community College now can transfer credits toward earning a similar degree at Indiana University, the two schools announced this morning. The agreement allows students who complete an associate of science in elementary education degree at an Ivy Tech campus to transfer those credits toward a bachelor of science in […]
Coming to work sick
Now that smokers are mostly banished to the outdoors, thereâ??s a new work place pariah â?? those who show up
coughing, sneezing and otherwise obviously sick.
In the not-so-recent past, failing to make it to work while under the weather could be…
House panel backs biz tax hike for jobless fund-WEB ONLY
A new proposal would help fix Indiana’s depleted unemployment insurance fund by raising taxes on employers. The Indiana House labor committee voted 9-3 this morning to raise more money from businesses by increasing both the taxable wage base and tax rates. The state’s unemployment insurance fund currently pays out millions of dollars more than it […]
Live Nation, Ticketmaster forge merger deal-WEB ONLY
Two of the biggest forces in the entertainment business are joining up. Concert promoter Live Nation Inc. and ticketing giant Ticketmaster Entertainment Inc. said this morning that they plan an all-stock merger of equals. The combined company would be called Live Nation Entertainment. Regulatory experts have said the deal could get delayed by an antitrust […]
Wholesale inventories plunge by most in 16 years-WEB ONLY
U.S. wholesalers cut back on their inventories in December by the largest amount in 16 years, slashing stockpiles amid the deepening recession. The reduction means wholesalers ordered fewer new goods, leading to reduced production and potentially more job layoffs. The Commerce Department said today that wholesale inventories plunged by 1.4 percent, nearly double analysts’ expectations […]
Pacers reach out despite pain
Even in a time of great economic distress, the Indiana Pacers have kept on giving.
Through grants across Indiana to over 40 organizations, annual scholarship awards and a $500,000 commitment to…
GM to cut 10,000 salaried jobs-WEB ONLY
By BREE FOWLER NEW YORK General Motors Corp. said Tuesday it will cut 10,000 salaried jobs, citing the need to restructure itself with a government deadline looming and amid some of the worst sales in the auto industry’s history. The Detroit-based automaker said it will reduce its total number of salaried workers to 63,000 from […]
Decision delayed on proposed crematorium-WEB ONLY
It will be at least another week before the city’s Metropolitan Development Commission decides whether to allow a crematorium to be built near the corner of Allisonville Road and 82nd Street. The commission was supposed to decide Feb. 4 whether the Harry W. Moore Funeral Care center could construct a one-story, 1,600-square-foot crematory on the […]
Lilly accused of price-fixing in Switzerland-WEB ONLY
Three of the world’s largest drugmakers, including Indianapolis-based Eli Lilly and Co., are being accused of fixing prices for erectile dysfunction drugs in Switzerland, according to Bloomberg News. Lilly, Pfizer Inc. and Bayer AG, rivals in the male impotence-drug market, fixed prices in Switzerland and should be punished, a panel of the Swiss Competition Commission, […]
Indiana Senate passes property-tax caps-WEB ONLY
The Republican-controlled state Senate has approved a proposal to put limits on property tax bills into the Indiana constitution. The proposal passed on a 34-16 vote yesterday and now moves to the Democrat-controlled House. If the measure clears both chambers this year or next, voters would decide in 2010 whether to amend the caps into […]
Brightpoint suffers loss on weak product sales-WEB ONLY
Falling demand for wireless devices and discounted prices caused locally based Brightpoint Inc.’s revenue to drop 36 percent in the fourth quarter of 2008 compared with the same period a year ago, the company said today. The Indianapolis-based mobile technology distributor reported a loss of $344.4 million on $1 billion of revenue for the […]
CIB approves new round of cost-cutting-WEB ONLY
The Indianapolis Capital Improvement Board yesterday approved $5.8 million in cuts to its annual budget and agreed to defer an additional $2.3 million in building-maintenance costs this year in an effort to shave its swelling operating deficit. The CIB revealed late last month that it is facing a $43 million annual operating shortfall due to […]
Startup NICO raises another $1.73 million-WEB ONLY
Indianapolis-based medical device startup NICO Corp. yesterday announced it has raised another $1.73 million from investors. NICO was founded last year by the same core group of entrepreneurs who formed automated breast-biopsy device-maker Suros Surgical Systems Inc., one of the fastest-growing companies in Indianapolis history. Just six years after starting Suros in 2000, they sold […]
Thomas Kinkade, painter of…cars?
I’m all for populist art. But I’ll readily admit to being a bit embarrassed for the city that Thomas Kinkade, the much-collected — and much-mocked — “painter of light,” has been named the featured artist for the Indianapolis Motor Speedway…
Obama calls for swift action on economy-WEB ONLY
Campaigning for action in the most dire terms, President Barack Obama said today in a townhall meeting in northern Indiana that if Congress does not quickly pass an economic stimulus package, the nation will slip into a crisis so deep that “we may be unable to reverse” it. “We can’t afford to wait. We can’t […]
Madoff investor list includes Hudson Institute-WEB ONLY
A newly released list of clients of disgraced investment manager Bernard L. Madoff does not include any of Indianapolis’ most prominent businesspeople. But it does identify as clients the Hudson Institute, the prominent think tank that relocated from Indianapolis to Washington, D.C., in 2004, as well as north-side resident Howard J. Glass. The 162-page list […]
Tap the rainy day fund?
The weakening economy is producing worse and worse tax revenue forecasts for Indiana. As a result, Democrats
are calling for Gov. Mitch Daniels, a Republican, to open the stateâ??s $1.3 billion rainy day fund.
Tough times like these are what…
Funeral today for bus accident victim-WEB ONLY
Funeral arrangements for a fourth grade boy killed by a school bus are being kept private. Family members will gather today to remember Christopher Michael Beltz, 10, who was struck by the bus Friday morning at Spring Mill Elementary School. The family is asking interested Hoosiers to make donations to the Northview Christian Life Church […]
Madoff investor list includes Hudson Institute-WEB ONLY
A newly released list of clients of disgraced investment manager Bernard L. Madoff does not include any of Indianapolis’ most prominent businesspeople. But it does identify as clients the Hudson Institute, the prominent think tank that relocated from Indianapolis to Washington, D.C., in 2004, as well as north-side resident Howard J. Glass. The 162-page list […]