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Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Indiana’s alcohol tax would be doubled and hospitality taxes would be raised again under a Statehouse plan designed to bail out the financially struggling group that runs the professional sports stadiums in Indianapolis. Sen. Luke Kenley (R-Noblesville) wants to add about 2 cents to the price […]
Local merchandiser MainGate Inc. announced plans yesterday to expand its west-side headquarters and production operations, which should create 75 jobs by 2013. The company, which primarily provides marketing and merchandising services to clients in the motorsports industry, said it would invest more than $3.6 million to expand its production and office facility from 106,000 square […]
An economic development initiative around so-called clean technology was formally launched yesterday to further energize renewable energy projects and hybrid vehicle development under way in the state. Energy Systems Network will be another economic development plank under Central Indiana Corporate Partnership, the parent of BioCrossroads, which promotes life sciences; Conexus, which promotes manufacturing and distribution; […]
A blood drive sponsored today by the Marion County Sheriff’s Department ends at 2 p.m. People wanting to donate can stop by the Marion County Jail on Alabama Street.
The man accused of the cold case murder of a Broad Ripple woman made his first court appearance this morning. Investigators say Nathan Anderson stabbed Jane Pepper to death inside her basement apartment. According to court documents, Anderson admits entering Pepper’s apartment to commit a burglary in October 2007. He told police he panicked, stabbed […]
Indianapolis-area industrial real estate vacancy rates dipped to 7 percent in the first quarter on limited market activity, according to a report issued today by Colliers Turley Martin Tucker. The vacancy rate fell from 7.4 percent at the end of 2008 and from 7.8 percent a year ago. Only 410,00 square feet of space was […]
Computer experts around the world are concerned about an Internet worm that’s set to relaunch today. The “Conficker Worm” may have already infected up to 10 million personal computers. The worm could slow down computer systems, increase spam and copy files. Microsoft is offering a $250,000 reward to catch the creator of the virus.
Conseco Inc. shares continue to recover now that the company has cleared away the biggest clouds hanging over it. Shares of the Carmel-based life insurer rose another 12 percent in morning trading after surging 35 percent yesterday. They traded at $1.03 late this morning. Investors have bid up the shares after Conseco renegotiated $912 million […]
Purdue’s quest to reach the Final Four has ended. Courtney Paris scored 19 points last night to lead Oklahoma over the Boilermakers 74-68 in a regional final. Lindsay Wisdom-Hylton led Purdue with 20 points and 13 rebounds. Lakisha Freeman added 12 points for the Boilermakers.
Columbus-based Irwin Financial Corp. said this morning that auditors have raised doubt about the bank’s ability to remain in business while it restructures operations. The company, which operates Irwin Union banking branches in Indianapolis, Carmel, Avon, Franklin and Shelbyville, said it lost $104 million, or $3.54 per diluted share, in the fourth quarter and $340 […]
Former Marsh Supermarkets Inc. CEO Don Marsh is denying allegations that he treated his former company like “a personal checkbook” to bankroll extravagant trips, maintain vacation homes and hide relationships with female employees. Those accusations were made in a lawsuit filed last week in Hamilton County by the locally-based grocery chain. IBJ first reported the […]
St. Francis and Anthem have to stay married for now. Marion County Superior Court Judge Patrick McCarty ruled Monday that Anthem Blue Cross and Blue Shield, a health insurer, cannot kick St. Francis Hospital & Health Centers out of its provider network before Anthem’s contract expires. The contract runs until Sept. 1. In early March, […]
Economic development leaders at 2 p.m. are scheduled to formally launch an economic development initiative for the so-called clean technology sector. IBJ reported Feb. 16 that the initiative under way for the last year has been known as the Indiana Energy Systems Network. The Energy Systems Network will be the latest economic development initiative under […]
No other metro area in the nation staged as large of an increase in its unemployment rate in February as Elkhart-Goshen, the U.S. Department of Labor said today. The northern Indiana region saw its jobless rate climb 12.5 percentage points to a non-seasonally adjusted 18 percent from February 2008. The region, which is highly concentrated […]
Georgia-based Graphic Packaging International Inc. alerted state officials yesterday that it will close its plant in Muncie, putting 151 employees out of work. Jobs will be eliminated from May 29 until Sept. 15, when the plant is expected to close.
Columbus-based Irwin Financial Corp. said this morning that auditors have raised doubt about the bank’s ability to remain in business while it restructures operations. The company, which operates Irwin Union banking branches in Indianapolis, Carmel, Avon, Franklin and Shelbyville, said it lost $104 million, or $3.54 per diluted share, in the fourth quarter and $340 […]
Sen. Luke Kenley will introduce his plan to solve the $37 million Capital Improvement Board revenue shortfall to area reporters today at 5 p.m. at the Statehouse. But mums the word. Reporters will…
Shares of Wabash National Corp. fell 10 percent, to $1.10 each, this morning after the company announced late yesterday that its deteriorating financial condition could force it to pursue a sale. The Lafayette-based truck-trailer manufacturer capped a dismal 2008 with an even worse fourth quarter, losing $110.7 million, or $3.69 per share, in the three […]
Cue the theme from “Rocky.” Indianapolis ad firm The Heavyweights and its client Clarian Health have won one of the ad industry’s biggest awards for Clarian’s “A Call to Change” campaign. In June, The Heavyweights will receive a North American Effie Award from a trade organization called Effie Awards. The Effie Awards’ Web site calls […]
Marsh Supermarkets is making some awfully pointed claims in its lawsuit against the company’s former CEO, Don Marsh.
As IBJ reporter Cory Schouten first reported, Don Marsh is accused of taking expensive trips around the world, charging the company…
