Handmade bike show rides away
North American Handmade Bicycle Show, we barely knew ya. After one year in Indianapolis, the unique event—which drew 150 exhibitors and 7,200 attendees to Indianapolis Feb. 27-March 1—is vacating for Richmond, Va. The…
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Biomet settles 24 patient lawsuits-WEB ONLY
An Indiana medical device maker has told shareholders it is settling two-dozen lawsuits against Dr. John King, the one-time West Virginia osteopath at the center of scores of malpractice claims. Warsaw-based Biomet Inc. has reached agreements with 24 of 27 plaintiffs who sued over bone stimulators made by its EBI subsidiary and allegedly implanted by […]
Dana lays off 115 at Fort Wayne axle plant-WEB ONLY
A union leader says Toledo, Ohio-based Dana Holding Corp. has laid off nearly half of the employees at its Fort Wayne axle plant, due to the temporary shutdown of Chrysler plants. United Steelworkers Local 903 president Denny Leazier said 115 of the plant’s 280 employees were notified that they would be idled. He said the […]
Quarterly, yearly losses widen for Emmis-WEB ONLY
Emmis Communications Corp. this morning reported a big fiscal fourth-quarter loss as revenue fell 20 percent from a year earlier. The Indianapolis-based radio-broadcasting and magazine-publishing company lost $158.5 million, or $4.29 per share, in the fourth quarter ended Feb. 28 on revenue of $68.5 million. That compares to a loss of $18 million, or 52 […]
Daniels signs bill designed to fix jobless fund-WEB ONLY
Gov. Mitch Daniels has signed legislation designed to fix Indiana’s bankrupt unemployment insurance fund. The bill approved by the General Assembly in April will dramatically increase unemployment taxes on many employers but would not cut benefit payments. Proponents say it also will close loopholes in the system and make other changes to save money. Daniels […]
ArcelorMittal laying off nearly 1,000 in Indiana-WEB ONLY
Steel producer ArcelorMittal plans to indefinitely lay off 978 workers from a northwestern Indiana plant. The world’s largest steel maker said it will stop iron-producing operations at its Indiana Harbor West mill until market conditions improve. Another blast furnace at Burns Harbor will remain in operation. Luxembourg-based ArcelorMittal blamed the “extraordinary economic environment” for the […]
One arrested in alleged purse-snatching ring-WEB ONLY
Police have made an arrest in a purse-snatching ring that targeted older women in Indianapolis. Investigators believe Laritha Martin and five other female accomplices searched store parking lots for older women, followed them home and robbed them. Police say they found purses from multiple victims inside Martin’s home on North Carrolton Avenue. They are still […]
Utility companies warn of central Indiana scam-WEB ONLY
Officials from Citizens Gas and Indianapolis Power & Light are warning customers about a fraudulent utility-bill scheme in the Indianapolis area. Customers should not give money to anyone offering to pay a bill for them, or to anyone offering to provide matching energy-assistance funds, they said. If you receive an unsolicited offer to cover the […]
Judge: No beef in Zyprexa expert’s testimony-WEB ONLY
Dr. Hamburger can no longer blame Zyprexa for making you fat. At least he can’t as part of lawsuits brought by patients against Zyprexa’s maker, Indianapolis-based Eli Lilly and Co. Zyprexa treats schizophrenia and bipolar disorder. Federal Judge Jack B. Weinstein in Brooklyn, N.Y., yesterday decided to exclude the expert testimony of Dr. Stephen Hamburger, […]
Arkansas explosion kills 3 Hoosiers-WEB ONLY
Three Indiana men were killed when a fuel-storage tanker exploded yesterday afternoon near Little Rock, Ark. The victims were all contract welders, employed by Kentucky-based C & C Welding. Two of the victims, Stoney Powell, 45, and Roy Mathis, 60, were from Wheatfield and the other, William Decker, 48, was from Scottsburg. Fox will have […]
Saturated sub-sandwich market awaits Firehouse-WEB ONLY
Firehouse Subs said yesterday it plans to open its first store in the Indianapolis area this summer, with as many as 27 more to follow within the next seven years. But a local retail real estate broker who once owned several franchise restaurants thinks an already saturated sub-sandwich market will make it difficult for the […]
Cardinal execs depart as Clarian takes over-WEB ONLY
Top executives at Muncie-based Cardinal Health System are heading out the door as the hospital continues its integration with Indianapolis-based Clarian Health. Three executives will retire by the end of the May, Cardinal announced today, and CEO Kelly Stanley will retire at year’s end. Also, Stanley’s assistant, Karen Swank, will retire at the end of […]
Retail sales drop unexpectedly in April-WEB ONLY
Retail sales fell for a second straight month in April, a disappointing performance that raised doubts about whether consumers were regaining their desire to shop. A rebound in consumer demand is a necessary ingredient for ending the recession. Normal 0 false false false MicrosoftInternetExplorer4 The Commerce Department said today that retail sales fell 0.4 percent […]
Danny Granger faces big pressure
Questions linger about Indiana Pacers forward Danny Granger.
Can Granger, who was named yesterday as the NBA’s Most Improved Player for the 2008-09 season, become a lock down defender ala Ron Artest and Kobe Bryant?
Can…
Too much contact?
Arts organizations are tweeting. Arts organizations are facebooking. Arts organizations are inviting you to post reviews on their sites. Arts organizations are asking you to participate in surveys. Arts organizations seem to be trying every way to reach out to…
Judge: No beef in Zyprexa expert’s testimony-WEB ONLY
Dr. Hamburger can no longer blame Zyprexa for making you fat. Normal 0 false false false MicrosoftInternetExplorer4 At least he can’t as part of lawsuits brought by patients against Zyprexa’s maker, Indianapolis-based Eli Lilly and Co. Zyprexa treats schizophrenia and bipolar disorder. Federal Judge Jack B. Weinstein in Brooklyn, N.Y., yesterday decided to exclude the […]
Report: Life sciences rocks
Indiana University handed the stateâ??s life sciences industry a nice love letter today in the form of a study.
Pharmaceuticals, medical equipment and health care supplies were responsible for nearly a fourth of all jobs
created in the state…
As economy sinks, Wishard squeezes in more patients-WEB ONLY
With more people out of work and without health insurance, you’d expect that the county-owned Wishard Health Services, whose mission is to treat the poor and indigent, would be flooded. Well, it is, but not any more than usual. Occupancy at its hospital in downtown Indianapolis was 98 percent before the recession and is still […]
Kite Realty to launch stock offer, lowers outlook-WEB ONLY
Shares of Kite Realty Group Trust dropped in after-hours trading yesterday after the Indianapolis-based real estate investment trust said it expects 2009 funds from operations between 65 cents to 72 cents per share, which is below its prior guidance. On May 7, the company had forecast funds from operations between 83 cents and 93 cents […]
OmniSource cuts 209 jobs-WEB ONLY
Fort Wayne-based scrap-metal processor OmniSource Corp. has cut 209 jobs, including 135 at its hometown operations. The company employs almost 2,600 people, including nearly 2,000 in Indiana, Ohio and Michigan. OmniSource chief operating officer Mark Millett said the cuts announced yesterday followed a “comprehensive review” of the company’s operation. He said some work is now […]