The city’s Capital Improvement Board will meet today for the first time since Indiana Gov. Mitch Daniels and Indianapolis Mayor Greg Ballard presented their plan to rescue the financially troubled entity. Last Thursday, the two proposed raising hotel, rental car and sports-admission taxes, and merging the CIB into a new agency, to raise the funds […]
Duke Energy Corp. has struck a settlement with customer groups as part of a regulatory request to upgrade its electric grid, including the use of “smart” electric meters, the company announced today. If approved by the Indiana Utility Regulatory Commission, Duke would begin installing the meters within six months. The Charlotte, N.C.-based utility eventually plans […]
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 […]
There are nearly no innocent parties to the conspiracy that brought the Big Three low, from greedy executives to combative
labor unions to elderly uninformed stockholders.
A local architecture firm hopes to challenge hip Mass Ave with an arts-themed development in Fletcher Place. The $9 million
project would include apartments, retail and office space.
The CEO of the Wishard Foundation resigned last month, prompting the fund-raising arm of Wishard Health Services to tap consulting
firm Johnson Grossnickle & Associates for a replacement.
Insurer shows gov’t how to cut costs A major health insurer says the government can save more than $500 billion in Medicare spending by sending patients to less expensive, more efficient doctors, reducing hospital visits by the elderly and cutting unnecessary care. Those are among 15 suggestions made recently by UnitedHealth Group Inc., a Minnesota-based […]
Lawmakers return to Indianapolis June 11 tanned, rested and presumably ready to agree upon a budget that, via gubernatorial assent or a veto override vote, will guide Indiana through fiscal 2010-2011.
The congressional committee opened its hearings with this question: Who killed the American auto industry? A long line of people waited to answer. “I did,” said the consumer who continued to buy from the Big Three, “by accepting an inferior product out of loyalty to the flag, by assuming that poor quality was the best […]
Could the Virginia Avenue corridor eventually challenge Mass Ave as the hip place to live downtown? A local architecture firm hopes to make a strong case with an artsthemed development on the site of a former mail-sorting facility in Fletcher Place. The $9 million project called Fletcher Place Arts would include 56 mostly one-bedroom apartments, […]
Chrysler heads back to bankruptcy court today to ask the judge overseeing its case to allow it to terminate the franchise agreements of 789 of its dealerships, despite the protests of many dealers who say the move could close their businesses for good. U.S. Judge Arthur Gonzalez is expected to hear testimony from Chrysler LLC […]
Normal 0 false false false MicrosoftInternetExplorer4 Chrysler heads back to bankruptcy court today to ask the judge overseeing its case to allow it to terminate the franchise agreements of 789 of its dealerships, despite the protests of many dealers who say the move could close their businesses for good. U.S. Judge Arthur Gonzalez is expected […]
The Indianapolis Metropolitan Development Commission this afternoon approved a city plan to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former site of Market Square Arena. The plan, approved by a 7-2 vote, allows the city to enter into a project agreement with the developer, an entity called […]
The U.S. Court of Appeals for the Second Circuit late last night put Chrysler LLC’s bankruptcy sale to Fiat Group on hold in order to hear an appeal by a trio of Indiana state pension and construction funds that object to the deal. The New York City court agreed to hear legal arguments by the […]
General Motors Corp. has a tentative agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China, a person briefed on the deal said today. GM announced earlier today that it has a memorandum of understanding to sell the brand of rugged SUVs, but the company didn’t disclose the buyer. The […]
A federal bankruptcy judge has approved the sale of most of Chrysler LLC’s assets to Italy’s Fiat, moving the American automaker a step closer to its goal of a quick exit from court protection. But it didn’t take long for a trio of Indiana state pension and construction funds to file an appeal, saying that […]
Indiana University will lose two of its top Bloomington campus administrators as Richard McKaig and Terry Clapacs retire this summer. McKaig is the campus’ dean of students and will retire July 31 after 38 years at the university. Clapacs is the vice president and chief administration officer and will end his 43 years with IU […]
A federal bankruptcy judge approved the sale of most of Chrysler LLC’s assets to Italy’s Fiat, moving the American automaker a step closer to its goal of a quick exit from court protection. But a trio of Indiana state pension and construction funds filed an appeal, saying that the ruling sets aside the rights of […]
A bankruptcy judge said Friday that he will rule by today on whether Chrysler LLC can go forward with its plan sell most of the company to a group headed by Italy’s Fiat and take a big step toward its goal of a speedy exit from Chapter 11. U.S. Judge Arthur Gonzalez’s ruling will likely […]
With the clock ticking on a June 1 government deadline to restructure, General Motors Corp. worked feverishly yesterday to shore up its global businesses to clear the way for a speedy reorganization in bankruptcy court. GM, part of American life for more than 100 years and once the country’s largest employer, is expected to file […]
