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 […]
Specialty retailer Finish Line Inc. said today that it is cutting ties with its underperforming Man Alive operations and will sell the business for about $7 million in cash. The Indianapolis-based company said it will sell certain Man Alive assets and liabilities to Man Alive Acquisition LLC, which is controlled by Jimmy Jazz stores owner […]
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 […]
Ivy Tech Community College has seen a big jump in the number of high school students enrolled in dual-credit courses that allow students to simultaneously earn high school and college credits. Dual enrollment is up almost 44 percent this year. More than 16,000 high school students took dual-credit classes, which are often taught in high […]
High-speed rail supporters are hoping Indiana gets a share of federal stimulus funding intended to expand passenger rail service to the state as part of a Midwestern high-speed rail network. Federal criteria released last week show that high-speed rail plans in California and the Midwest appear to be front-runners in the race for $8 billion […]
Beaverton, Ore.-based athletic footwear and apparel maker Nike Inc. said today it named Eli Lilly and Co. CEO John C. Lechleiter to its board of directors. Lechleiter, 55, was named president and CEO of Indianapolis-based Eli Lilly in 2008 and became chairman of the board in 2009. “John’s combination of executive leadership and expertise leading […]
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 […]
The total number of people on the unemployment insurance rolls dropped for the first time since early January, the government said today, while new claims for benefits rose slightly. The report shows that job losses are easing after companies made deep cuts earlier this year. But it’s not clear whether recipients of unemployment insurance are […]
Chrysler Group LLC will resume making vehicles at seven of its North American factories starting June 29, the company announced yesterday. In addition, work will resume the same day at engine, stamping and transmission plants – including four plants in Kokomo – that supply parts to the seven production facilities. The plants in Kokomo have […]
The number of homeless families in the state’s most-populous county grew by 78 percent this year, an official count shows, but the actual number is several times higher, an advocacy group said yesterday. Meanwhile, the total of homeless individuals has declined. The Coalition for Homelessness Intervention and Prevention said a federally required homeless count on […]
A worker has been killed after falling from a boom lift at the construction site for the Indiana Convention Center expansion in downtown Indianapolis. Police say 55-year-old Stanley Roberts of Indianapolis fell about 50 feet when the device toppled for an unknown reason this afternoon. He was pronounced dead at the scene. Police say Roberts […]
Indiana State Police say the Hancock County auditor has been arrested on five felony charges, including bribery. State police arrested 42-year-old Linda J. Grass at her office at the county courthouse in Greenfield yesterday and took her to the county jail. But a jail officer who answered the phone said she had been instructed not […]
President Barack Obama proposed sweeping new “rules of the road” for the nation’s financial system today, casting the changes as a critically important response to the economic crisis and the greatest regulatory transformation since the Great Depression. Obama blamed the financial crisis on “a culture of irresponsibility” that he said had taken root from Wall […]
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 […]
Tomato growers will have their moment in the spotlight at this year’s Indiana State Fair. The fair this year is celebrating the “Year of Tomatoes” with events each day featuring the Indiana fruit. Highlights will include the largest tomato contest – open to fruits weighing five pounds or larger – and a salsa recipe contest. […]
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 […]
Industrial production tumbled a larger-than-expected 1.1 percent in May as the recession crimped demand for a wide range of manufactured goods, including cars, machinery and household appliances. The Federal Reserve’s report today showed production at the nation’s factories, mines and utilities has fallen for seven straight months. Output also turned out to be a bit […]
A powerful Indiana House committee is scheduled to meet today to discuss possible solutions for a cash-strapped Indianapolis sports agency. A Ways and Means meeting this afternoon is expected to focus on a way to fix the Capital Improvement Board, which runs the city’s convention center and professional sports stadiums. The bill as proposed in […]
