International airports in Indianapolis and Fort Wayne will each receive about $1.3 million in federal economic recovery funds. U.S. Transportation Secretary Ray LaHood said yesterday the money will help create jobs while “investing in the long-term safety and economic vitality of our airports.” The Federal Aviation Administration will provide $1.33 million to Indianapolis International for […]
Firefighters battled a large fire this morning in Lapel that destroyed much of a central Indiana furniture manufacturer and produced a smoke plume visible for miles. No injuries were reported from the fire at Hickory Furniture Design, Madison County Sheriff Ron Richardson said. Brad McQueen, the business’ owner, said 10 to 12 workers were inside […]
A bill that would allow fines against government workers who blatantly violate Indiana’s public access laws is in jeopardy. The state Senate unanimously approved the bill, which supporters say would put much-needed teeth into Indiana’s open door and public records laws. But a House committee chairman said yesterday that he doesn’t plan to give the […]
The Indiana Senate approved a bill yesterday to regulate large-scale dog-breeding operations, a move supporters said could help crack down on so-called puppy mills. The bill, which passed 46-3, would require people to register as breeders if they have more than 20 adult female dogs capable of breeding. The bill also would require those who […]
A new government subsidy that helps the unemployed keep health insurance has left recession-weary employers nervous about the financial hit they may take if more people stay covered under their plans. Though the subsidy covers most of the premium, many employers are still worried they’ll be left holding the bag on costs, according to a […]
A large underground tank is being installed at Johnson Memorial Hospital as part of a project to safeguard against a repeat of flooding that caused more than $1 million in damage last year. The county-owned hospital had several inches of water on its first floor from the June 7 flooding that hit much of central […]
By MARCY GORDON WASHINGTON The chief executive of Goldman Sachs Group Inc. on Tuesday called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private equity funds. Lloyd Blankfein, who received compensation valued at nearly $43 million last year, said lessons from the financial crisis include […]
The federal government said last night it will bump up a rate used to figure Medicare Advantage reimbursement to insurers by nearly 1 percent, but many analysts expect overall payment rates to fall next year. The Centers for Medicare & Medicaid Services said the national average growth percentage per capita for Medicare Advantage plans would […]
Purdue University plans to boost its student scholarship program with a $6 million donation. Purdue officials said today that that donation was the school’s largest-ever cash gift for scholarships. The school says the donor wants to remain anonymous. An additional $2 million from the donor will go toward other university projects. The scholarship donation will […]
Indiana state tax collections were down $157 million in March, with total revenues $755 million less for the first nine months of the fiscal year than lawmakers had approved for spending. Revenues have fallen short of original projections in eight of the nine months so far in this fiscal year. They were $4.1 million ahead […]
Wall Street will be watching when the federal government unveils final Medicare Advantage rates for 2010 after markets close today. So will health care insurers, including Indianapolis-based WellPoint Inc. Two months ago, several insurance stocks sank sharply after the release of preliminary data showed rate increases to be smaller than analysts expected. Medicare Advantage allows […]
Wall Street will be watching when the federal government unveils final Medicare Advantage rates for 2010 after markets close today. So will health care insurers, including Indianapolis-based WellPoint Inc. Two months ago, several insurance stocks sank sharply after the release of preliminary data showed rate increases to be smaller than analysts expected. Medicare Advantage allows […]
Evansville officials have a downtown site in mind for a new 11,000-seat arena that they hope to start building this summer. Some business owners located in the two-block area, however, are clear that they want to stay. Much of the property is owned by the O’Daniel family, which operates D-Patrick Ford on the site. The […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 A Statehouse proposal to bail out the group that oversees Indianapolis’ sports facilities is loaded with potential benefits for other cities and counties – but taxpayers could have to open their wallets to pay for some of the perks. A bill moving through the General Assembly […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 A Statehouse proposal to bail out the group that oversees Indianapolis’ sports facilities is loaded with potential benefits for other cities and counties – but taxpayers could have to open their wallets to pay for some of the perks. A bill moving through the General Assembly […]
One older worker told lawmakers he struggled to find a job because he has more experience than employers want. Another said he was encouraged after a phone interview, but he didn’t get the job after the employer changed his mind once they met in person. Other seniors said they were the first to be let […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 An Indiana Senate committee has advanced a bill to regulate large-scale dog-breeding operations in the state, but some want stricter requirements on breeders. The Senate civil matters committee changed a House-passed bill yesterday to eliminate specific proposed standards for dogs in breeding facilities, such as sanitary […]
0330dvs_auto_bailout 0329dv_gm_ceo_resigns President Barack Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions were needed from unions, creditors and others before they could be approved. He raised the possibility Monday of controlled bankruptcy for one or both of the beleaguered auto giants. At the same time, eager to reassure consumers, […]
Indianapolis community leaders plan to mark the 41st anniversary of the Rev. Martin Luther King Jr.’s assassination by starting a $3 million fund-raising drive to expand the city’s memorial to the civil rights leader. Martin Luther King Jr. Park is the spot where Robert Kennedy delivered the news of King’s assassination to a large crowd […]
Indianapolis-based Eli Lilly and Co.’s experimental drug for schizophrenia did not prove in its latest test that it works better than existing medication, the company announced today. The drug showed promise in an early study two years ago, but Lilly said the drug performed inconclusively in a Phase II clinical trial. The drug maker said […]
