A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection. U.S. Judge Robert Gerber said in his 95-page ruling late yesterday that the sale was in the best interests of both GM […]
A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection. U.S. Judge Robert Gerber said in his 95-page ruling late yesterday that the sale was in the best interests of both GM […]
The Indianapolis Airport Authority plans to sell thousands of items from its old passenger terminal during an auction next month. The authority hopes to make at least $500,000 as it sells off building materials, office equipment, signs and other items, such as a 5-foot replica of the Statue of Liberty and 35 posters featuring Princess […]
A bankruptcy judge said late yesterday that General Motors Corp. can sell the bulk of its assets to a new company, clearing the way for the automaker to quickly emerge from bankruptcy protection. Federal Judge Robert Gerber ruled that the sale is needed to avoid “immediate and irreparable harm” to GM and is in the […]
The parent company of Indianapolis Power & Light Co. is planning a wind farm with 200 or more towers that could become the state’s largest generator of the alternative energy. AES Corp. plans to build the wind turbines in a 75,000-acre area along the Clinton-Tipton county line north of Indianapolis, The Indianapolis Star reported yesterday. […]
The special session of the Indiana General Assembly is over, but it’s not too early to think about next year. That’s the strategy of retailers who want to get rid of Indiana’s ban on Sunday carryout alcohol sales. The group known as Hoosiers for Beverage Choices is asking customers at more than 1,000 retail outlets […]
The new Indiana budget passed by legislators this week includes a pilot program for virtual charter schools, which provide more than half of a child’s instruction online. The program will allow 200 students to attend virtual schools next year and 500 students the following year. The project will focus on children with medical disabilities and […]
Cummins Inc. is recalling 400 laid-off workers as it resumes production at a Columbus factory, while nearly 300 people have lost their jobs as an auto parts company idled a plant in nearby Shelbyville. Cummins is preparing to resume production of the Dodge Ram engine at its Columbus MidRange Engine Plant with one shift beginning […]
A former pastor and his sons charged with multimillion-dollar scheme aimed at church members are being held on $1.5 million cash bond in a western Indiana jail. Sixty-five-year-old Vaughn Reeves and three of his sons were at the Sullivan County Jail today. Initial court hearings for all four men have been set for July 8. […]
Radio broadcasts in Spanish of all 10 Indianapolis Colts home games will be available this coming season. The Colts announced today that the games would be broadcast on Indianapolis radio stations WEDJ (107.1-FM) and WSYW (810-AM), with Armando Quintera as the play-by-play announcer. Colts Senior Vice President Tom Zupancic said the Spanish broadcasts are aimed […]
Orders to U.S. factories jumped in May by the largest amount in nearly a year, another sign that the nosedive in manufacturing might be nearing an end.The Commerce Department said today that total orders rose 1.2 percent in May, better than the 0.8-percent increase that economists had expected. The April performance was revised slightly lower […]
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 […]
A central Indiana software company has laid off 35 employees just months after cutting about 125 jobs. The president and CEO of Muncie-based Ontario Systems said the company is in good financial shape and that the layoffs made yesterday were part of a realignment. Tony Reisz told The Muncie Star Press the layoffs differed from […]
Now that Indiana lawmakers have approved a new state budget, public colleges and universities can start calculating their tuition rates for next year. The Indiana Commission for Higher Education met today and recommended tuition increases of no more than 5 percent at Purdue University and Indiana University, no more than 4 percent at Ball State […]
Indiana Democratic House Speaker Patrick Bauer says it’s time for a comprehensive study on the way state tax dollars are distributed to schools. The two-year budget lawmakers passed on Tuesday gives slight overall increases to public schools. But against Democrats’ wishes, the funding formula does not ensure that all districts get as much money or […]
A federal agency has filed a lawsuit against shopping mall owner Simon Property Group Inc., alleging it discriminated against Hispanic employees at its Forum Shops at Caesars on the Las Vegas Strip. The Equal Employment Opportunity Commission filed the civil rights lawsuit Tuesday in U.S. District Court in Las Vegas. The suit claims the Indianapolis-based […]
Republican Gov. Mitch Daniels and Democratic House Speaker Patrick Bauer don’t agree on much, but both said yesterday they were tired of trying to find ways to help the cash-strapped agency that runs Indianapolis’ sports stadiums and convention center. Daniels said he doesn’t want to see any more legislation to help the Capital Improvement Board […]
Gary officials are seeking nearly $25 million in federal money to tear down more than 900 abandoned houses and 200 empty commercial buildings in the city. U.S. Sen. Evan Bayh yesterday toured a city neighborhood of boarded-up and fire-scorched houses with Mayor Rudy Clay and a top federal housing official. Bayh said afterward that he […]
About 120 employees have worked their last day at a Baldor Electric Co. factory in central Indiana after the company consolidated its operations. Union officials say that the layoffs that took effect yesterday leave only 37 employees at the Columbus plant. Nearly 200 people worked at the factory when Fort Smith, Ark.-based Baldor bought it […]
