The fate of a bill that would delay statewide property tax reassessment by one year is in doubt in the upcoming special legislative session. Assessors are scheduled to begin the first comprehensive general reassessment of property in about a decade starting July 1, but tax officials and lawmakers hope to delay that work because some […]
The federal government will offer guaranteed lines of credit to automobile, boat, recreational vehicle and other dealerships under a pilot program through the Small Business Administration. SBA Administrator Karen Mills said the Dealer Floor Plan financing program will be available July 1 through Sept. 30, 2010, and will offer dealerships a way “to get through […]
A fourth prominent Republican has decided to challenge longtime Indiana Congressman Dan Burton in next year’s GOP primary. State Rep. Mike Murphy of Indianapolis announced his candidacy today in Tipton at the vacant Getrag transmission plant that the company stopped building last year during a dispute with Chrysler. Murphy is a former Marion County Republican […]
About 200 production workers at a Fairfield Manufacturing Co. factory in Lafayette are being laid off. Fairfield vice president Jim Mills said the company has seen its business decline more than 30 percent in recent months and there’s no sign of recovery. The Lafayette Journal & Courier reported that before this week’s layoffs, 147 of […]
A fire set in a restroom filled a central Indiana movie theater with smoke and prompted its evacuation. The Noblesville Fire Department said the fire was set last night in a men’s room stall at the Goodrich Quality IMAX Theatre. No injuries were reported, but the fire caused an estimated $25,000 in damage before it […]
The leader of the Indiana Senate says he’s taking gambling issues off the table during the upcoming special session so that lawmakers can focus on putting together a new state budget. Senate President Pro Tem David Long said today the Senate will consider only one bill – the budget. The Fort Wayne Republican said gambling […]
Normal 0 false false false MicrosoftInternetExplorer4 Evansville-based Shoe Carnival Inc. today reported flat same-store sales and declining profit in its fiscal first quarter. Profit in the period ended May 2 fell 15 percent, to $4.1 million, compared to the same period a year earlier, the footwear retailer said. Still, the 33 cents per share topped […]
Normal 0 false false false MicrosoftInternetExplorer4 Tony George is still the CEO of Indianapolis Motor Speedway. How much longer he holds the title remains unclear. Yesterday afternoon, track officials denied a report that the board of directors voted to oust the 49-year-old CEO and said that George has instead been asked to create a more […]
A new state revenue forecast predicts that Indiana will take in $1 billion less in taxes through June 2011 than predicted in a more-optimistic estimate made just last month. The estimates show the state taking in less revenue in 2009 than 2008. But the May forecast predicts slight growth in fiscal year 2010 and growth […]
Normal 0 false false false MicrosoftInternetExplorer4 National home prices have fallen to levels not seen since the end of 2002, but a closer look at data released yesterday shows the worst may be over for some metropolitan areas. The Standard & Poor’s/Case-Shiller National Home Price index reported home prices tumbled by 19.1 percent in the […]
Normal 0 false false false MicrosoftInternetExplorer4 More than 90 percent of economists predict the recession will end this year, although the recovery is likely to be bumpy. That assessment came from leading forecasters in a survey by the National Association for Business Economics released today. It is generally in line with the outlook from Federal […]
Normal 0 false false false MicrosoftInternetExplorer4 Indiana lawmakers will get a new look at the state’s finances today as they prepare for a special budget-writing legislative session in June. The State Budget Committee is slated to get a revised revenue forecast from a bipartisan group of fiscal analysts. A forecast released in April missed the […]
By BREE FOWLER AP Auto Writer NEW YORK A U.S. district judge said Tuesday that a legal review of Chrysler’s bankruptcy proceedings isn’t needed before a hearing on the sale of most of the automaker’s assets can take place. Judge Thomas Griesa denied a withdrawal motion from attorneys representing a pair of Indiana state pension […]
General Motors Corp. will give the United Auto Workers union 17.5 percent of its common stock, $6.5 billion of preferred shares and a $2.5 billion note to fund a trust that will take over retiree health care costs starting next year. The funding is part of a tentative agreement that union members will vote on […]
A Kansas company has secured leases for about half the land it needs for a 200-turbine wind farm in northwest Indiana. TradeWind Energy has leased 10,000 acres for its LaCrosse Farms project in southwestern LaPorte County. The company has been measuring wind conditions from two towers in LaCrosse for eight months. It needs three years […]
Illinois trucking giant Navistar International Corp. has received the go ahead for its $50 million purchase of bankrupt Oregon recreational vehicle manufacturer Monaco Coach Corp. A federal judge in Delaware approved the sale Friday after learning there were no other bidders for the assets of Monaco, which has RV plants in Oregon and Indiana. The […]
A state legislator faces a lawsuit over her role in hiring a company that provides software for property-tax calculations in central Indiana’s Clinton County. Rep. Jacque Clements has denied any wrongdoing in her work for the county. She was county auditor before her election to the Legislature last year and was a part-time deputy auditor […]
Talks between Delphi Corp. and members of President Barack Obama’s automotive task force continue in hopes of reaching a deal on a plan to lift the auto supplier out of bankruptcy protection before a crucial deadline passes. Normal 0 false false false MicrosoftInternetExplorer4 Delphi Attorney Jack Butler said today that the talks, which also include […]
The Minnesota Timberwolves have hired former Indiana Pacers executive David Kahn to run their basketball operations, four days after being rejected by Portland assistant general manager Tom Penn. The move was confirmed to The Associated Press today by a person with knowledge of the hire. The person spoke on condition of anonymity because an announcement […]
A bankruptcy judge yesterday denied a motion from a pair of Indiana state pension funds and a state construction fund to delay the proposed sale of most of Chrysler’s assets, saying the funds’ plan to challenge the legality of the sale in another court wasn’t enough of a reason to push back the proceedings. U.S. […]
