Sports business experts with knowledge of the new collective bargaining agreement expected to be ratified by NBA owners and players this week think it will push the Indiana Pacers toward breaking even but won’t ensure the team’s long-term profitability.
NBA players and owners reached a tentative agreement early Saturday to end the 149-day lockout and hope to begin the delayed season with a marquee tripleheader Dec. 25. Most of a season that seemed in jeopardy of being lost entirely will be salvaged if both sides approve the handshake deal.
The Indiana AFL-CIO organized the rally to coincide with the General Assembly's pro forma "Organization Day" on Tuesday.
Indiana House Speaker Brian Bosma says that passing a contentious right-to-work proposal will be his top priority during the coming legislative session.
The Indiana Pacers have already lost eight preseason games and eight regular-season games, with half of those events scheduled for Conseco Fieldhouse. Extending the stoppage through Dec. 15 will cost the Pacers another 15 games, including six at home.
National Basketball Association players rejected the league's latest offer Monday and have begun the process to disband the union. The decision likely jeopardizes the season.
Indiana Gov. Mitch Daniels has long flirted with right-to-work legislation, but is letting the General Assembly take the lead.
Indiana Gov. Mitch Daniels said a right-to-work law would make the state more competitive when its comes to business-expansion opportunities.
Republic Airways pilots who fly regional jets for several airlines are voting on whether to authorize a strike if negotiators can't agree on a new contract.
The Indiana Pacers will lose out on nine games because of the decision, including four home games at Conseco Fieldhouse in Indianapolis.
An Indiana panel voted to urge lawmakers to approve "right-to-work" legislation when they reconvene in January in a move that could set the stage for another showdown with House Democrats.
Workers at Chrysler's largest United Auto Workers local, Local 685 in Kokomo, have voted in favor of a new four-year contract.
A stagehands union is contesting an attempt by investigators of the deadly Indiana State Fair stage collapse to seize records of its members.
The new four-year contract, which still must be ratified by workers, would create 2,100 jobs. Chrysler also agreed to invest $4.5 billion in its plants under the deal. Last year, the automaker announced plans to spend nearly $1.3 billion to update its facilities in Kokomo.
Organizers from the AFL-CIO say the rallies in 13 locations around Indiana are part of a national effort seeking support for congressional action to shore up the struggling agency.
A new four-year contract deal between the United Auto Workers and General Motors Co. will add or keep 6,400 jobs in the U.S. with a $2.5 billion investment, the union said Tuesday. In Fort Wayne, 150 jobs would be created or retained.
The decision has little impact on the thousands of Indiana GM and Chrysler workers. As part of 2009 government bailouts, the two firms and their workers had to agree not to strike over wages.
State labor activists recently sent notices to supporters warning that the state could do away with the labor agreements next year.
The union representing nearly 1,000 flight attendants ratified a labor agreement with Republic Airways subsidiary Frontier Airlines aimed at cutting costs.
Indianapolis might find out soon what life would be like without the Indiana Pacers and it won’t be good, say downtown business owners, government officials, marketing experts and sports economists.
