SKARBECK: Chrysler deal succeeded thanks to fed intervention
In the midst of the U.S. government’s plan to fast-track Chrysler through bankruptcy, Indiana Treasurer Richard Mourdock waged
a lonely and unpopular battle.
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Lawmakers mull ‘cash for clunkers’ rebate program
Lawmakers mull ‘cash for clunkers’ rebate program Consumers could receive rebates of up to $4,500 for turning in their gas-guzzling cars and trucks for more fuel-efficient vehicles under a U.S. House proposal. President Barack Obama has urged Congress to approve consumer incentives for new car purchases as part of the government’s efforts to reorganize General […]
LOU’S VIEWS: Up, up and … ‘Up’-WEB ONLY
This week, balloons take visitors into Conner Prairie airspace, a wizard to and from Oz, and a grieving curmudgeon to animated adventures. The journey from here to there (wherever there may be) has inspired many an artist and adventurer. And flight-the soaring kind, not the running away kind-is often a key component. Over the course […]
Pacers coach does more than lend his name to cause-WEB ONLY
It’s two weeks before the June 25 National Basketball Association draft, and Indiana Pacers head coach Jim O’Brien is leaving the house early. But the third-year Pacers coach isn’t off to watch video, conduct player tryouts, or meet with scouts in preparation for the upcoming draft. That will have to wait. Instead, O’Brien is off […]
LOU’S VIEWS: Up, up and … ‘Up’-WEB ONLY
This week, balloons take visitors into Conner Prairie airspace, a wizard to and from Oz, and a grieving curmudgeon to animated adventures. The journey from here to there (wherever there may be) has inspired many an artist and adventurer. And flight-the soaring kind, not the running away kind-is often a key component. Over the course […]
Making a cultural comeback-WEB ONLY
Jeremy Efroymson considers himself a venture philanthropist. The 40-year-old arts enthusiast and adviser to the $127 million Efroymson Fund has backed a number of startup projects. One of his boldest moves was to help launch the Indianapolis Museum of Contemporary Art, or IMOCA, which has exhibited nationally known artists since 2003. He also started the […]
Lose-Lose for Hunter-Reay
Ryan Hunter-Reay is jumping from the frying pan into the fire. An Indy Racing League press release today said in a “win-win situation for all involved,” Hunter-Reay is departing Tony George’s Vision Racing…
Six hurt in east-side shooting-WEB ONLY
Six people were injured, two critically, in a shooting late last night near New York Street and Jefferson Avenue on Indianapolis’ east side. Police say a group of people may have been making fun of a mentally challenged man. The man’s friends confronted the group, and were fired upon during the argument. The victims have […]
Don Marsh countersues grocery chain for $2.1M
Don E. Marsh, the former CEO of Marsh Supermarkets Inc., is countersuing the company and asking for at least $2.1 million in compensation he claims he is owed.
Indiana treasurer stands by Chrysler fight-WEB ONLY
Indiana Treasurer Richard Mourdock’s failed quest to stop Chrysler’s bankruptcy proceedings will cost state taxpayers $2 million in legal fees, but he has no regrets about what some saw as a Quixotic effort. That sum is on top of the $5.6 million a road construction fund and pension funds for retired teachers and state troopers […]
FDA panel backs Lilly psychiatric drug for kids-WEB ONLY
Advisers to the Food and Drug Administration said yesterday that three blockbuster psychiatric drugs appear safe and effective for children and adolescents, despite side effects that can increase the risk of diabetes. The FDA’s panel of psychiatric experts voted to approve the use of drugs from AstraZeneca, Eli Lilly and Pfizer for treating schizophrenia and […]
Suit accuses Chuck E. Cheese’s of racial bias-WEB ONLY
Three African-American families have filed a civil rights lawsuit accusing children’s restaurant Chuck E. Cheese’s and a former Indianapolis store manager of mistreating them because they are black. The lawsuit filed this week in U.S. District Court alleges Ken McGill, who was a manager at two different stores, refused to serve them, treated them rudely […]
Fiat closes deal to take over Chrysler assets-WEB ONLY
Italy’s Fiat is the new owner of the bulk of Chrysler’s assets, closing a deal today that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat’s CEO.The deal clears the way for a new, leaner Chrysler Group LLC to emerge from bankruptcy protection minus billions in debt, […]
Supreme Court to let Chrysler sale go forward-WEB ONLY
The Supreme Court on Tuesday cleared the way for Chrysler’s partnership with Italy’s Fiat, rejecting an appeal by a trio of Indiana pension and contruction funds, consumer groups and others to block the automaker’s sale. The sale of Chrysler LLC’s assets to Fiat Group SpA had been expected to close more than a week ago, […]
Workers try again in bias suit against Lilly-WEB ONLY
Current and former workers at Eli Lilly and Co. have narrowed the scope of their racial discrimination lawsuit against the Indianapolis-based drug company. Lawyers for the workers asked a judge in U.S. District Court in Indianapolis today to accept a third amended complaint that charges Lilly with discrimination in pay and promotions against African-American employees. […]
Indiana teachers union to lay off dozens-WEB ONLY
The state’s largest teachers union plans to lay off dozens of employees in the wake of a financial crisis that spurred investigations of its troubled insurance trust. Union officials representing two groups of workers at the Indiana State Teachers Association say at least 35 people will lose their jobs after 60 days notice. A third […]
Pension funds take Chrysler appeal to high court-WEB ONLY
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 […]
NYC3: Hoosier-hosted cabaret
Third in a series of reports from my recent NYC trek.
I swear I wasn’t looking for an Indiana connection when I set out to find out where Broadway show folk hang out — and perform — after the curtains come…
Goldsmithâ??s latest venture
Former Indianapolis Mayor Steve Goldsmith, never one to let grass grow under his feet, has started a not-for-profit
with one-time presidential candidate Howard Dean to promote Goldsmithâ??s pet cause of public-private partnerships.The Council of Project Finance Advisors aims…
Daniels outlines his budget priorities-WEB ONLY
Indiana Gov. Mitch Daniels is calling legislators back to the Statehouse next week to resume work on a new state budget, and legislative leaders are already meeting to lay the budget groundwork. Daniels told a bipartisan group of lawmakers yesterday that the special legislative session would begin June 11. The Republican governor said he hopes […]