Cummins Inc. is bracing for a rocky 2009 after reporting a 55-percent plunge in fourth-quarter profit this morning. The Columbus engine maker reported earnings of $89 million, or 45 cents a share, down from $198 million, or $1 a share, in the same period a year ago. Fourth-quarter sales fell 6 percent, to $3.3 billion, […]
A new study from Indiana University’s Bowen Research Center says secondhand smoke cost the state $390.3 million in excess medical expenses in 2007 – about $62 per person. The center, part of IU’s School of Medicine, conducted the study for the Indiana Department of Health’s Smokefree Indiana campaign and the Indiana Tobacco Prevention & Cessation […]
Cummins Inc. is bracing for a rocky 2009 after reporting a 55-percent plunge in fourth-quarter profit this morning. The Columbus engine maker reported earnings of $89 million, or 45 cents a share, down from $198 million, or $1 a share, in the same period a year ago. Fourth-quarter sales fell 6 percent, to $3.3 billion, […]
A study by Indiana University’s Bowen Research Center says secondhand smoke cost the state $390.3 million in excess medical expenses, or about $62 per person, in 2007. The center, part of IU’s School of Medicine, conducted the study for the Indiana Department of Health’s Smokefree Indiana campaign and the Indiana Tobacco Prevention & Cessation Agency. […]
Winter storms that crippled parts of the Midwest recently prompted Emmis Communications Corp. CEO Jeff Smulyan to again call on cell phone manufacturers to install radio receivers in their units. If cell phones had FM receivers, Smulyan argued, radio stations could have served an even wider audience searching for updates on the weather, road conditions […]
Winter storms that crippled parts of the Midwest recently prompted Emmis Communications Corp. CEO Jeff Smulyan to again call on cell phone manufacturers to install radio receivers in their units. If cell phones had FM receivers, Smulyan argued, radio stations could have served an even wider audience searching for updates on the weather, road conditions […]
A Texas developer of retirement communities has targeted Carmel for a style of assisted living new to the Indianapolis area that offers on-site health care for the unusual arrangement of a fi xed monthly fee.
Upscale Broad Ripple restaurant L’explorateur, which prides itself on an avant-garde menu built around locally grown food, is closing Saturday. Owner Neal Brown, who opened the restaurant in May 2006, informed customers of his decision this week on his blog. Plans for a downtown location are still in the works, however. Brown could not be […]
Upscale Broad Ripple restaurant L’explorateur, which prides itself on an avant-garde menu built around locally grown food, is closing Saturday. Owner Neal Brown, who opened the restaurant in May 2006, informed customers of his decision this week on his blog. Plans for a downtown location are still in the works, however. Brown could not be […]
Marion County‘s Capital Improvement Board may be preparing to swallow an extra $15 million in expenses to keep the Indiana Pacers in town, but one sports business expert said the aid shouldn’t come without conditions. “They have to demand something in return from the Pacers, either more community involvement or some measures from management to […]
Marion County’s Capital Improvement Board may be preparing to swallow an extra $15 million in expenses to keep the Indiana Pacers in town, but one sports business expert said the aid shouldn’t come without conditions. “They have to demand something in return from the Pacers, either more community involvement or some measures from management to […]
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
The city’s Capital Improvement Board, which already faces a major operating deficit, expects to take an additional $15 million hit next year from a provision that allows the Indiana Pacers to renegotiate their lease after 10 years. CIB members met this afternoon to begin tackling the organization’s $43 million annual operating shortfall, which includes Conseco […]
The city’s Capital Improvement Board, which already faces a major operating deficit, expects to take an additional $15 million hit next year from a provision that allows the Indiana Pacers to renegotiate its lease after 10 years. CIB members met this afternoon to begin tackling the organization’s $43 million annual operating shortfall, which includes Conseco […]
Indiana’s unemployment rate reached 8.2 percent in December – the highest it has been since President Ronald Reagan began his second term in office. The state’s rate in December shot up 1.1 percentage points, pushing the figure to its highest point since February 1985, according to the U.S. Bureau of Labor Statistics. Indiana has the […]
Indiana’s unemployment rate shot up more than 1 percentage point to 8.2 percent in December, according to figures released this morning from the Indiana Department of Workforce Development.The state’s jobless rate grew from 7.1 percent in November and is a whopping 3.6 percentage points higher than the 4.6 percent unemployment rate recorded in December 2007.Indiana […]
Companies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the
blame on the credit crunch that rattled the nation’s economy and sent deal-making into a downward spiral.
A tight job market helped ITT Educational Services Inc. post financial results this morning that would make most public companies envious. For the period ending Dec. 31, the Carmel-based technical school operator reported fourth quarter revenue of $279.8 million, up from $230.4 million the same period the prior year. ITT posted a $63 million profit […]
A tight job market helped ITT Educational Services Inc. post financial results this morning that would make most public companies envious. For the period ending Dec. 31, the Carmel-based technical school operator reported fourth quarter revenue of $279.8 million, up from $230.4 million the same period the prior year. ITT posted a $63 million profit […]
