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Indiana’s jobless rate rose to 6.4 percent in October from 6.2 percent in September, according to figures released today by the Indiana Department of Workforce Development. Unemployment was well over the 4.8 percent of a year earlier. Still, the department emphasized that Indiana was below the national rate of 6.5 percent and below all neighboring […]
Lafayette Square and Washington Square malls no longer will have their Steve & Barry’s stores, now that the new owners of the popular clothing retailer have thrown in the towel on trying to keep the company afloat. Bay Harbour Management and York Capital Management, the investment firms that bought 173 of the stores out of […]
Installation begins Monday on the 500 Festival 50th Anniversary Legacy Art Project at Celebration Plaza in White River State Park (near where the big guitar player was last year).
So what sort of art does…
Eli Lilly and Co. won more than 95.5 percent of the shares of New York-based ImClone Systems Inc. in a tender offer that ended at midnight yesterday. Lilly expects to complete its acquisition of ImClone on Monday. Indianapolis-based Lilly has agreed to pay $70 in cash for each share of ImClone, or $6.3 billion for […]
Okay, now that we’ve groggily made it through a pair of midnight screenings of Hollywood popcorn flicks (“Quantum of Solace” and “Twilight”), let’s change the pace a little with a serious Oscar contender…at a reasonable hour.
“Slumdog Millionaire” has not only earned rave reviews,…
Purdue and Indiana universities are celebrating one of college football’s oldest prizes—together.
As the Boilermakers and Hoosiers gear up for their showdown tomorrow at Purdue’s Ross-Ade Stadium—the 83rd battle for the Old Oaken Bucket—the…
The Indiana Venture Center, a local not-for-profit that mentors Hoosier entrepreneurs and startup companies, is shutting its doors. President Jim Eifert announced today that it will end operations Dec. 31. Founded in 2003, the center focused on stimulating high-tech deal flow and connecting entrepreneurial people. Eifert said it helped more than 100 local companies, 40 […]
Plastic film maker Bemis Co. Inc. plans to lay off 100 workers, or about 10 percent of its labor force, next month, according to The Tribune-Star of Terre Haute. Customers that normally allow Bemis to produce packaging in advance during the seasonal slow period of October to December haven’t renewed those contracts. Demand for the […]
Muncie-based Cardinal Health System and Indianapolis-based Clarian Health will merge on Jan. 1, the two organizations announced today. Officials from the two hospital systems signed an integration agreement on Wednesday after receiving unanimous approval from their respective boards of directors. The two systems announced their intention to merge in September. After the merger, Clarian will […]
A recent article in The Economist predicts a deep recession next year if we Americans abandon our spendthrift
ways and swing back to a savings lifestyle. What other nation, the magazine wonders, would buy enough things
to keep…
Rather than further test Indianapolis’ tolerance for edginess, public art guru Mindy Taylor Ross is taking a different tack in 2009 by bringing in the widely known kinetic sculpture of the late George Rickey. Installation of an untold number of Rickey sculptures will begin on April 4, said Ross, public art director for the Arts […]
How can it be that Circuit City is bankrupt and HHGregg is still going strong? Both companies sell electronics
to consumers, though Gregg also deals in appliances.
Part of the reason may be found in how they treat their sales staffs.
Circuit…
At an Indianapolis Colts team meeting held yesterday, coach Tony Dungy asked how many players didn’t know an NFL game could end in a tie. About 15 players raised their hands, according to…
Profit in Shoe Carnival Inc.’s third fiscal quarter plummeted 38 percent from the same period a year ago, the Evansville retailer reported today. The $2.6 million, or 21 cents per share, in net income fell far short of the 30 cents anticipated by analysts surveyed by Thomson Financial. CEO Mark Lemond said customers are buying […]
Target, the primary sponsor of 2008 Indy Racing League champion Scott Dixon and his teammate Dan Wheldon, secured $16 million of exposure value during race broadcasts this past season, more than twice the…
For its next major public exhibition, the Arts Council of Indianapolis plans to bring the moving, geometric sculpture of the late George Rickey. Rickey’s time in Indiana played a key role in developing the tall, sweeping sculptures that won him acclaim in the 1960s. He was born in 1907 in South Bend, but his father, […]
OneAmerica Financial Partners Inc. has signed a letter of intent to acquire Virginia-based Shenandoah Life Insurance Co. Shenandoah would become a subsidiary of Indianapolis-based OneAmerica, whose other subsidiaries include American United Life Insurance Co. and The State Life Insurance Co. OneAmerica disclosed no details about the financial terms of the deal. Shenendoah is much smaller […]
Precise Path Robotics Inc., a Carmel company started by tech entrepreneur Scott Jones and other investors, is about to unveil its first product – a lawnmower guided by technology developed for the battlefield. Precise Path plans to display the RG3 at the Golf Industry Show in New Orleans in February, and anticipates selling 50 units […]
Indianapolis will host the 2015 men’s Final Four basketball tournament, the NCAA announced today. A men’s Final Four is considered a financial coup, bringing in $50 million for the host city, the NCAA estimates. Other winners announced today are New Orleans, 2012; Atlanta, 2013; Dallas/Fort Worth, 2014; and Houston, 2016. The sites were selected from […]
Smoking in public places is in retreat across the country, and now Charlie Brown, the state representative
from Gary, wants to ban it in bars, casinos and other enclosed places in Indiana.
Brown plans to introduce a bill during…
