U.S. employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy. The Labor Department report, released today, showed that even as the recession shows some signs of easing, companies likely will want to keep a […]
U.S. employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy. The Labor Department report, released today, showed that even as the recession shows some signs of easing, companies likely will want to keep a […]
Indianapolis Motor Speedway and Indy Racing League corporate partners are wondering what the future holds after Tony George suddenly vacated his roles as boss of both of those organizations yesterday. IMS and IRL officials were working the phones this morning to reach out to constituencies and allay fears about massive changes, said Speedway spokesman Fred […]
Indianapolis Motor Speedway and Indy Racing League corporate partners are wondering what the future holds after Tony George suddenly vacated his roles as boss of both of those organizations yesterday. IMS and IRL officials were working the phones this morning to reach out to constituencies and allay fears about massive changes, said Speedway spokesman Fred […]
Panera hopes to include sidewalk and atrium seating for its new restaurant under construction at Claypool
Court. The bakery cafe, which is taking second-floor space next door to Weber Grill, has asked…
A former pastor accused of bilking thousands of investors out of millions of dollars in a Ponzi scheme aimed at their Christian beliefs has been charged with securities fraud. The Indiana secretary of state’s office says warrants on 10 felony counts each were issued today for Vaughn Reeves of Sullivan and three of his sons. […]
When the market for single-family houses began to fall apart last fall, the prevailing wisdom was that the crash would be good for the owners of apartment complexes. But the recession is taking its toll on multi-family housing as well, putting the brakes on new developments and driving down prices of existing complexes. Projections at […]
Tipton County won’t have to repay Getrag Transmission LLC a $5.5 million loan it received from the company for infrastructure improvements relating to its failed transmission plant, a judge has ruled. A U.S. Bankruptcy Court judge from the Eastern District of Michigan signed a motion Friday that lets the county off the hook, according to […]
Opening ceremonies are being held today for a new $336 million casino in southeastern Indiana. The new Hollywood Casino on the Ohio River at Lawrenceburg opened up to its first gamblers on Thursday, replacing the 13-year-old Argosy Casino. The new boat is more than twice the size of previous one and has about 4,400 gambling […]
The gilded exhibit, a happy byproduct of the museum’s close relationship with an Egyptian institution, is more of a gift than
a major moneymaker.
The Children’s Museum of Indianapolis’ King Tut exhibit comes with an extra charge, but it won’t necessarily create a windfall for the venue. Proceeds from “Tutankhamun: the Golden King and the Great Pharaohs” first will go to the show’s for-profit producer, Arts and Exhibitions International of Aurora, Ohio. Only after it recoups its costs will […]
Columbus, Ohio-based architectural firm Moody Nolan Inc. has recruited veteran Indianapolis architect Jim Kienle to spearhead its historic preservation practice. Kienle operates James T. Kienle & Associates Inc., which has been acquired by Moody Nolan, the firms announced yesterday. Terms of the deal were not disclosed. Moody Nolan, which has seven U.S. locations, appointed Kienle […]
Columbus, Ohio-based architectural firm Moody Nolan Inc. has recruited veteran Indianapolis architect Jim Kienle to spearhead its historic preservation practice. Kienle operates James T. Kienle & Associates Inc., which has been acquired by Moody Nolan, the firms announced yesterday. Terms of the deal were not disclosed. Moody Nolan, which has seven U.S. locations, appointed Kienle […]
Budget hotel chain Red Roof Inn Inc. has defaulted on $361.4 million of mortgage debt, a rating agency that tracks mortgage defaults said yesterday.The hotel chain fell 30 days delinquent on four securitized loans for which the collateral was 131 Red Roof properties, said Frank A. Innaurato, managing director of Realpoint LLC, a debt rating […]
The city’s third-largest law firm is poised to tie the knot with Kentucky’s Greenebaum Doll & McDonald. But differences in the way the firms compensate partners are taking longer than expected to sort out.
Jobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda’s long-term impact.
Within weeks, EnerDel expects to receive notification that it’s getting as much as $480 million in financing under a U.S.
Department of Energy program aimed at fostering advanced vehicle manufacturing.
The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site.
Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.
This small town between Indianapolis and Cincinnati was hardly ailing when it landed the economic development prize of the decade-a new Honda plant. Back in June 2006, Decatur County’s unemployment rate was a healthy 4.2 percent, lower than the state’s as a whole. With Honda’s promise of 2,000 jobs by 2010, a boom seemed just […]
Merger talks that began last year between Ice Miller LLP and a Louisville-based law firm continue to progress toward a deal, sources familiar with the negotiations said. IBJ reported in December that the city’s third-largest law firm was poised to tie the knot with Greenebaum Doll & McDonald PLLC. But operational differences-namely in the way […]
