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U.S. investors are joining traders overseas in worrying that a three-month surge in stocks might be overdone, sending major indexes down more than 2 percent this morning. Stocks fell on Wall Street after heavy selling in Europe and Asia. Investors are concerned about a weaker-than-expected manufacturing index and a stronger dollar pushing down oil prices […]
Democrats who control the Indiana House are considering changes to their proposed one-year state budget proposal. The House Ways and Means Committee planned to consider amendments to the bill today, and then possibly vote to send the measure to the full House for consideration. The one-year plan would increase spending on schools by an average […]
Peyton Manning announced a new initiative this morning aimed at fighting childhood obesity. The Indianapolis Colts quarterback and officials from the Peyton Manning Children’s Hospital at St. Vincent will launch a Hoosier school health and wellness campaign. Project 18, named after Manning’s jersey number, will focus on risky health behaviors in third- through fifth-grade students. […]
Germany-based VAT-Getriebetechnik, a manufacturer of wind turbines and renewable energy-powered lighting systems, announced Friday that it will locate its U.S. headquarters in Muncie. The company plans to create more than 120 new jobs by 2011 and invest $3.3 million in its facility at the city’s Park One Business Park. It will begin hiring engineers, service […]
Indianapolis Executive Airport in Zionsville will reopen its main runway Saturday after a $4.3 million resurfacing project paid for with federal stimulus funds, the airport announced today. It’s the first U.S. airport to benefit from stimulus money, said officials from Montgomery Aviation, which runs the airport. Resurfacing of the 5,300-foot runway resulted in a 45-day […]
Investigators are trying to determine what led to the death of a local man found in a creek on the north side of Indianapolis. A group of children discovered the body of Antonio Toledo, 39, yesterday near the Creekwood Apartments between Michigan and Ditch roads. Toledo lived a few blocks from the creek and was […]
Friends and family will gather this afternoon to remember Jeremiah Miller, 10, who was killed last Thursday by lightning while camping at Mike’s Southport Fishing Lakes. Jeremiah was struck as he ran for shelter. Funeral services will begin at 1 p.m. at Bell Mortuary and Crematory, 2310 W. Washington St.
WISH-TV Channel 8 News Director Kevin Finch announced this morning that he is leaving the station to take a position with Calamari Productions LLC, a video production house with offices in Indianapolis, New York and Austin, Texas. Finch, a veteran of the local TV news business, has been with WISH for six years, including the […]
Bose McKinney & Evans LLP has agreed to pick up part of the opposing counsel’s legal tab in an environmental-contamination case in which a federal judge sanctioned both the Indianapolis-based law firm and its client for withholding evidence. Details of the settlement reached Friday are confidential. But the legal tab split between Bose and its […]
Reading the news that TD Ameritrade recently signed a naming rights deal for Omaha’s new baseball park, made me wonder if Indianapolis didn’t miss a golden opportunity with the College World Series. That…
Eli Lilly and Co. has launched a Web portal to help it more easily find, evaluate and possibly license experimental drugs discovered by researchers at universities and biotechnology companies, the Indianapolis-based drugmaker announced today. Lilly hopes the program behind the portal, called the Lilly Phenotypic Drug Discovery Initiative, or PD2, opens up an untapped source […]
Indianapolis-based Arcadia Resources Inc. has sold its Jascorp retail pharmacy-management software division for $2.2 million in cash, the company announced today. Jascorp provides dispensing and billing software to pharmacies in 39 states and Puerto Rico. Arcadia acquired the Milwaukee-based business in July 2007 for $2.05 million in cash and stock. Arcadia did not name the […]
Elkhart-based Coachmen Industries Inc., no longer part of the slumping recreational vehicle industry, could start hiring soon as part of a $3.5 million expansion that it expects to create more than 200 jobs in northern Indiana. The Elkhart County Council has approved $135,661 in local property-tax abatements over 10 years on the company’s promise to […]
Normal 0 false false false MicrosoftInternetExplorer4 Democrats who control the Indiana House are prepared to consider changes to their proposed one-year state budget proposal. The House Ways and Means Committee planned to consider amendments to the bill today, and then possibly vote to send the measure to the full House for consideration. The one-year plan […]
The destinies of the troubled U.S. automotive sector and Indiana manufacturing are not inextricably tied. Our manufacturing
industry is broad and diverse, and can weather the storms.
Even with the NBA draft approaching, Pacers coach Jim O’Brien makes time for his duties as a board member and on-the-ground
volunteer for the Coalition for Homelessness Intervention and Prevention. A strong commitment to community service runs in
the coach’s family.
Yhe budget concerns that Muncie and other local governments face are really a circular problem. Taxes got out of hand largely
because of an 18th century system of local government. That same system cannot fix the problem–for it is the problem.
The future of manufacturing One expert foresees manufacturing’s share of the Indiana economy shrinking, while retaining its potential to generate wealth. 21
Jeremy Efroymson recently agreed to return to the financially flailing Indianapolis Museum of Contemporary Art as its executive
director and work for free. Efroymson, one of the museum’s early leaders, has a strategy for seeing IMOCA through a financial
rough spot, but what remains unclear is how the museum will wean itself off his support.
A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual
approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations
center, surface parking lots and an adjacent
parking garage from a private owner for $18.5 million, then sell the 1,680-space garage to the city for $18.5 million.
