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ArcelorMittal SA plans to shut down steel-bar operations at its East Chicago plant, resulting in layoffs for 400 employees, the Chicago Tribune reported yesterday. The layoffs of both union and non-union workers affect 8 percent of the plant’s work force, the newspaper said. The closure will be indefinite. Luxembourg-based ArcelorMittal produces about 10 percent of […]
The Indiana House has approved legislation that would prohibit the governor from soliciting or receiving campaign contributions during long, budget-writing sessions of the General Assembly. The House approved the provision yesterday as an amendment to a bill about voting. Legislators already are prohibited from getting political contributions during sessions in odd-numbered years, which is when […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Bill Oesterle, co-founder and CEO of Indianapolis-based Angie’s List, has donated $1 million to Purdue University to create the school’s first endowed professorship in information technology, the university announced today. The professorship, named the Olga Oesterle England Professorship of Information Technology, will first be held by […]
Mayor’s CIB plan leaves food-beverage tax alone Scott [email protected] Mayor Greg Ballard’s plan to rescue the city’s Capital Improvement Board from an approaching $47 million budget deficit wouldn’t raise the local food-and-beverage tax, but it would increase several others already targeted in a bill moving through the state Legislature. The mayor appeared at the monthly […]
Emmis Communications Corp. said today that the “advertising environment remains incredibly weak” and that it has hired a financial adviser to explore restructuring some of its debts. The Indianapolis-based company, which has more than $400 million in debt, borrowed another $71 million April 10, according to a regulatory filing this morning. Emmis said in the […]
A major section of Keystone Avenue in Carmel is now closed for construction. Keystone between 131st Street and U.S. 31 will remain shut down for about 45 days. Carmel city leaders say the closure will help save more than a half-million dollars in construction costs and allow the new Keystone-136th Street interchange to open before […]
Investors cheered this morning after WellPoint Inc. agreed to sell its pharmacy management unit to Express Scripts Inc., but
the fate of about 2,100 WellPoint employees now is up in the air.
Police hope they have solved the case of a boater last seen on Valentine’s Day. Crews were called to the 4300 block of North Michigan Road yesterday after a bird watcher spotted a body in the White River. Ethan Runnels vanished two months ago while canoeing. Investigators won’t be able to make a positive identification […]
One person is dead after an accident about 1 a.m. today involving a pickup truck and a semi on 71st Street near Hollingsworth Drive in Indianapolis. The driver of the pickup died at the scene and the driver’s passenger was in serious condition at Wishard Hospital.
Emmis Communications Corp. said today that the “advertising environment remains incredibly weak” and that it has hired a financial adviser to explore restructuring some of its debts. The Indianapolis-based company, which has more than $400 million in debt, borrowed another $71 million April 10, according to a regulatory filing this morning. Emmis said in the […]
March home sales in central Indiana were down 2.7 percent compared with the same month last year, but the regional housing market could be showing signs of a rebound, according to F.C. Tucker Co. statistics released today. Overall, pending home sales for the region fell from 2,362 in March 2008 to 2,298 last month. Marion […]
Barnes & Thornburg LLP this morning announced the opening of its second new office within the past week – this one in Columbus, Ohio. The Indianapolis-based law firm’s Columbus office is its first foray into Ohio. It follows the Atlanta office that the law firm launched last week. Barnes & Thornburg now has nine locations […]
Most people say they plan to use this year’s tax refund to pay bills, deciding in this sour economy to be more frugal with their annual windfall. Fifty-four percent of those receiving refunds said they intend to pay off credit card, utility, housing and other bills, according to an Associated Press-GfK poll released today. That […]
Most people say they plan to use this year’s tax refund to pay bills, deciding in this sour economy to be more frugal with their annual windfall. Fifty-four percent of those receiving refunds said they intend to pay off credit card, utility, housing and other bills, according to an Associated Press-GfK poll released today. That […]
March home sales in central Indiana were down 2.7 percent compared with the same month last year, but the regional housing market could be showing signs of a rebound, according to F.C. Tucker Co. statistics released today. Overall, pending home sales for the region fell from 2,362 in March 2008 to 2,298 last month. Marion […]
Americans are in a mood to pay down their debt, a survey shows. Most who expect to receive tax refunds plan to use the money to pay off bills, and the trend is particularly strong among those making…
The Denver Post offers a thought-provoking piece about “slot plays.” That is, an annual “African-American play” or “Hispanic play” that fills a regular slot in a theater’s schedule. Right now, to some eyes, the IRT is doing that with “Crowns” and the Phoenix with…
This past week I reported on Steak n Shake’s troubles with their advertising agency. That’s not the restaurant chain’s only concern. The company’s chairman, Sardar Biglari, isn’t so talkative these days….
Mayor Greg Ballard will announce his proposals to resolve the Capital Improvement Board’s financial problems at its monthly meeting this afternoon. The mayor will endorse some of the solutions favored by state legislators as well as introduce his own recommendations, Robert Vane, spokesman for the mayor, told IBJ this morning. Senate Appropriations Chairman Luke Kenley […]
Barnes & Thornburg LLP this morning announced the opening of its second new office within the past week – this one in Columbus, Ohio. The Indianapolis-based law firm’s Columbus office is its first foray into Ohio. It follows the Atlanta office that the law firm launched last week. Barnes & Thornburg now has nine locations […]
