Republic Airways Holdings said today it will buy struggling Midwest Airlines for $31 million in cash and debt, the second time in two days it has sought to rescue an ailing airline. Yesterday, Republic said it would bid $108.8 million to take Frontier Airlines out of bankruptcy. Republic Chairman and CEO Bryan Bedford said he […]
Indianapolis-based Republic Airways Holdings plans to acquire Midwest Airlines for $31 million, the local airline announced today. Republic will buy Milwaukee-based Midwest from TPG Capital, a Fort Worth, Texas-based private equity firm. The transaction is subject to regulatory approvals and is expected to close in four to six weeks. Republic will pay TPG $6 million […]
Indianapolis-based Republic Airways Holdings plans to acquire Midwest Airlines for $31 million, the local airline announced today. Republic will buy Milwaukee-based Midwest from TPG Capital, a Fort Worth, Texas-based private equity firm. The transaction is subject to regulatory approvals and is expected to close in four to six weeks. Republic will pay TPG $6 million […]
The Indiana Senate has approved legislation that would keep state government running if lawmakers don’t enact a new budget by the time the current spending plan expires at the end of the month. The bill approved today would allow the administration of Republican Gov. Mitch Daniels to continue spending at current levels if the new […]
Republicans who control the Indiana Senate are poised to pass their version of a new state budget bill. The two-year spending plan cleared the amendment stage yesterday and was eligible for passage today. Passage would set up a showdown with the Democrat-led House on trying to strike a deal before Indiana’s current spending plan expires […]
Republicans who control the Indiana Senate are poised to pass their version of a new state budget bill. The two-year spending plan cleared the amendment stage yesterday and was eligible for passage today. Passage would set up a showdown with the Democrat-led House on trying to strike a deal before Indiana’s current spending plan expires […]
Republic Airways Holdings said yesterday it is offering to buy Frontier Airlines for $109 million and take it out of bankruptcy. Republic said it expects a court-supervised auction to determine if anyone will make a better offer. Indianapolis-based Republic supplied a $40 million debtor-in-possession loan to Frontier and held a $150 million unsecured claim, so […]
President Barack Obama today welcomed the pharmaceutical industry’s agreement to help close a gap in Medicare’s drug coverage, calling the pact a step forward in the push for an overhaul of the nation’s health care system. Obama said that drug companies have pledged to spend $80 billion over the next decade to help reduce the […]
A central Indiana county auditor has resigned after being arrested last week on felony charges of bribery and theft. Hancock County Auditor Linda Grass resigned today in a letter from her attorney to county commissioners. Attorney James McNew wrote that Grass’ resignation should not be considered an admission of guilt and that she hoped that […]
Indiana charter school advocates hope lawmakers working on a new state budget don’t limit the growth of the alternative schools. A budget passed by the Democrat-led House would give local school boards the authority to reject charter schools in areas that already have many charters, which are public schools free of certain state regulations. But […]
NOTIONS Dear fellow citizen: What were you thinking? Last week, I posted a message on Twitter and Facebook. “It’s time to columnize,” I said. “What issue is ripe for enlightenment (or disparagement)?” My microcosm erupted. Tristan tweeted to suggest puppy-mill dogs. “More specifically, the view by their breeders that they’re simply goods to be sold.” […]
Casual observers of the legislative process might be confused by the political posturing, lack of a sense of imperative, and seeming non sequiturs in this General Assembly special session. Rest assured that even many veteran legislative observers also share the sense of puzzlement about June’s events. However, there is some method to the madness, and […]
For investors, 2008 was the worst year since the Great Depression. Even so, more than half of the state’s public-company executives
saw the value of their pay packages rise from 2007—despite the fact that only 10 of the companies posted a positive total
return in 2008, and 46 companies shed more than one-third of their stock market value.
Last week, I posted a message on Twitter and Facebook. “It’s time to columnize,” I said. “What issue is ripe for enlightenment (or disparagement)?” My microcosm erupted. Tristan tweeted to suggest puppy-mill dogs. “More specifically, the view by their breeders that they’re simply goods to be sold.” Randy suggested a piece on “the insanity” of […]
The Democrat-led Indiana House has approved a new state budget that now heads to the Republican-ruled Senate for a major overhaul. Republican leaders in the Senate hope to outline their budget proposal tomorrow, and changes could be made to the House budget that same day. The Senate will likely revamp the spending plan to be […]
Supporters of a state program that invests in high-tech startups are rallying to restore its $70 million appropriation to a budget proposal under consideration by legislators. Democrats who control the Indiana House of Representatives advanced their version of a new state budget to the full chamber Monday after the House Ways and Means Committee endorsed […]
Supporters of a state program that invests in high-tech startups are rallying to restore its $70 million appropriation to a budget proposal under consideration by legislators. Democrats who control the Indiana House of Representatives advanced their version of a new state budget to the full chamber Monday after the House Ways and Means Committee endorsed […]
A proposal to help a struggling Indianapolis sports board hit a legislative speed bump yesterday, while a plan to move a Gary casino seems to have reached a dead end. The Democrat-led House Ways and Means Committee made several changes to Republican Gov. Mitch Daniels’ plan to help the Indianapolis Capital Improvement Board, which runs […]
A proposal to help a struggling Indianapolis sports board hit a legislative speed bump today, while a plan to move a Gary casino seems to have reached a dead end. The Democrat-led House Ways and Means Committee made several changes to Republican Gov. Mitch Daniels’ plan to help the Indianapolis Capital Improvement Board, which runs […]
IBJ staff Indiana Insurance Commissioner Jim Atterholt will leave his post to fill a vacancy on the Indiana Utility Regulatory Commission, Gov. Mitch Daniels’ office announced yesterday. Atterholt, a former Republican state legislator from Indianapolis, will replace Greg Server, another former legislator, who resigned after serving a four-year term. Replacing Atterholt will be Carol Cutter, […]
