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Shares of Steel Dynamics plunged more than 20 percent this morning, to $6.80, after the company announced late yesterday that it expects to report a first-quarter loss of 40 cents to 45 cents a share due to shrinking demand. The nation’s fifth-largest steelmaker by market value had projected first-quarter profit of 5 cents to 10 […]
The Big Ten Men’s Basketball Tournament tips off today at Conseco Fieldhouse. Northwestern University takes on Minnesota at 1 p.m., followed by Michigan and Iowa at 2:30 p.m. Indiana University and Penn State will in the late game at about 5 p.m. The winner will face Purdue on Friday night.
Andrew Rhea, 19, was shot to death last night during an apparent robbery at his home in the Arbors at Cumberland apartments on Indianapolis’ east side. Witnesses say two men left the apartment, and one of them appeared to be holding a handgun. Investigators say they’re looking for two black males, possibly driving a white […]
St. Elmo Steak House is a downtown dinner destination that typically has little trouble attracting patrons tempted by its signature shrimp cocktail. The next four days will be no different. But this weekend’s reservation list is heavy on out-of-town guests hungry for both filet mignon and Big Ten basketball. All told, visitors in town for […]
Shares of Steel Dynamics plunged more than 20 percent this morning, to $6.80, after the company announced late yesterday that it expects to report a first-quarter loss of 40 cents to 45 cents a share due to shrinking demand. The nation’s fifth-largest steelmaker by market value had projected first-quarter profit of 5 cents to 10 […]
Indiana police have arrested a man that they say beat his 21-year-old girlfriend and her 14-month-old child. Officers took Tayaun Chism, 18, into custody last night at St. Vincent Hospital. The girl is in critical condition. The mother was treated and released. Fox 59 will have more at 10 p.m.
Indiana’s deepening recession failed to halt government hiring and growth in the education and health service sectors in January even as the state’s factories continued jettisoning jobs, new federal statistics show. A state-by-state unemployment report released yesterday by the U.S. Labor Department shows that Indiana lost about 12,400 jobs in January, when its unemployment rate […]
A raft of special offers, including meals under $4, a daily milkshake “happy hour” and a $2.89 Steakburger snack-pack apparently are paying dividends for Indianapolis-based The Steak n Shake Co. The 490-store chain today reported its customer traffic so far this quarter is up 6.2 percent and same-store sales have jumped 1.8 percent. The jump […]
Arts advocates are used to having trouble getting attention. But today’s Arts Day at the Indiana State House is being double teamed by a downtown fire and the Big 10 tournament. (The fire already bumped my Fox 59 weekend A&E preview segment off…
Trussway Ltd., a Houston-based manufacturer of roof supports and other home-building supplies, plans to close its plant in Franklin, putting about 35 production, design and sales workers out of work. Trussway corporate vice president David Neves told the Daily Journal of Johnson County that the plant would close within the next three to four months, […]
Last week, I offered tickets to see the Rose Ensemble in concert March 22 at the Christian Theological Seminary. Featuring traditional music, the concert examines the character of Abraham from Christian, Jewish and Muslim musical perspectives. For information on the nationally touring, St. Paul, Minn.-based group, click here. The winner: Pat Shaurette. I also asked […]
An overnight fire caused massive damage to a $33 million apartment project on the downtown canal being developed by locally based Flaherty & Collins Properties. The fire was reported around 3 a.m. and continued to burn into the early morning. About 125 firefighters brought the flames under control. The Cosmopolitan on the Canal project was […]
Indianapolis Colts executive vice president Bob Terpening plans to retire June 1 after more than 30 years with the team.
Terpening is one of the Colts longest-tenured staff members and someone who played a…
A $33-million apartment and retail project along the canal downtown caught fire early this morning. The Cosmopolitan on the Canal project, by Flaherty & Collins Properties, had been nearing completion on a site bordered by the canal, Senate Avenue, Michigan…
The state has frozen the assets of three Indianapolis-area businesspeople, including the owners of J.S. Marten Jewelers in Carmel, as part of a fraud investigation, the Indiana Secretary of State’s Office announced late Wednesday afternoon. The state said Dorothy Geisler-Tragardh, formerly a partner in Virginia-based clean-coal energy company Praxis Resource Partners LLC, and jewelers Jan […]
Big Ten Network President Mark Silverman said today that 2009 should be the 2-year-old cable TV network’s first full year of profitability. Silverman hasn’t yet put together a detailed forecast, but he says the network should be profitable based on growing advertising revenue and money from new international distribution deals. New York-based parent company News […]
Wrecking crews this week tore down the Best Rentals building at 123 N. New Jersey St. The most recent plans
for the space, revealed to city planners…
Indiana Business magazine, one of the nation’s oldest statewide business magazines, has ceased operations after 52 years. February marked its last monthly edition. Publisher Eric Servaas notified advertisers and other supporters in a letter dated March 9 that the magazine has folded. Servaas did not return phone calls. “On the day that Warren Buffett said […]
Butler University will need an at-large bid to enter the NCAA men’s basketball tournament. Unranked Cleveland State University captured its first Horizon League title last night by downing the 16th-ranked Bulldogs 57-54 at Hinkle Fieldhouse to win an automatic bid to the tourney.
