Heard the joke about the three economists who went hunting together? When they saw a deer, the first fired his shotgun and missed a foot to the left, while the second aimed and missed a foot to the right. The third economist didn’t shoot. Instead, he shouted in triumph, “We got it!” With the help […]
With the help of outside economists, Indiana government undergoes an economic forecast every other yearâ??a process that’s taken on increased importance this spring, as Gov. Mitch Daniels and the Legislature attempt to craft a two-year budget amid the deepest recession since the early 1980s.
Electronics retailer HHGregg Inc. has snapped up at least a dozen former Circuit City and Linens & Things locations in six states and is eyeing more of the empty big boxes in an opportunistic move toward expansion.
Indiana Gov. Mitch Daniels wants to slash overall state spending by 2.5 percent, but the budget he outlined in a live broadcast last night would give public schools and student aid a boost. The Republican governor also said he’s willing to reach into the state’s piggy bank – a bit. He said he wants to […]
Electronics retailer HHGregg Inc. said it expects same-store sales to continue to drop sharply in the next few quarters as purchases of appliances and mattresses fall. The company today reported an 8.3-percent drop in fiscal 2009 same-store sales, a key measure of health for retailers. HHGregg expects to report another 7-percent to 12-percent drop during […]
Three Indiana state pension and construction funds are asking the Supreme Court to block Chrysler’s sale to Fiat so they can pursue an appeal in hopes of getting a better deal. Also filing emergency papers at the high court yesterday were lawyers representing consumer groups and individuals with product-related lawsuits. An appeals court in New […]
The Indiana State Teachers Association and the National Education Association say they’ll scrape up enough cash to pay 650 people receiving long-term disability benefits from the state union’s troubled insurance trust. ISTA previously said it didn’t have enough money to cover the long-term disability claims, which could cost $45 million to $65 million over the […]
For decades, Indianapolis-based Indiana Supply Corp. successfully distributed Trane brand furnaces and air conditioners across Indiana. At its peak, the company had $40 million in annual sales, 105 employees and three warehouses. Then, out of the blue in October 2006, a letter arrived from Trane’s corporate headquarters in New Jersey. In 60 days, it warned, […]
In this deep recession, many local small-business owners suffer a harsh dilemma: Heavily tied to a single supplier,
customer or industry, they must diversify or die.
Democratic legislative leaders want Indiana to reconsider the way it divvies up school funding, claiming the formula in the new state budget will devastate public education. Under the budget signed into law Tuesday, schools can lose money if they lose students, while fast-growing suburban schools will receive large funding increases. Republicans say that’s the way […]
Indianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations, a key performance measure for real estate investment trusts. The office, industrial and health care developer reported FFO of $61.6 million, or 29 cents per share, compared with $91.1 million, or 59 cents a share, from the same time […]
Indianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations,
a key performance measure for real estate investment trusts.
This week, more smoke on the same mountain at Beef & Boards and time going slowly at the Phoenix.
The Hancock County Council this morning unanimously approved a tax-incentive agreement that should lead Covance Inc. to add
315 jobs at its Greenfield Laboratories.
Harrison College, formerly Indiana Business College, hired its first provost and chief academic officer as the for-profit
educator experiences rapid growth.
People listings are free, but photos that are used in the print edition will not appear online.
Authorities say socialite Dina Wein Reis’ success was the result of an elaborate scam in which she tricked large corporations—including
Indianapolis-based Roche Diagnostics Corp.—into selling her millions of dollars worth of goods at a fraction of the
regular price for use in nonexistent promotions. She then resold the products at a hefty profit.
A state senator wants to know whether Indiana residents think public schools start their fall semesters too early.
Indianapolis-based electronics retailer HHGregg Inc. announced the promotions of three executives this morning, including
the appointment of a new chief financial officer.
The owners of two industrial properties that span an entire city block along the Central Canal downtown have put their
properties up for sale with an eye toward redevelopment.
