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Italy’s Fiat is the new owner of the bulk of Chrysler’s assets, closing a deal today that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat’s CEO.The deal clears the way for a new, leaner Chrysler Group LLC to emerge from bankruptcy protection minus billions in debt, […]
Hot on the heals of its successful run of “Does This Show Make My Butt Look Big,” Theatre on the Square will soon announce a July opening for a new below-the-belt show, “America’s Next Top Bottom.”
The “inter-active, reality late-nite series,” a staple at…
The severe downturn in the economy caused charitable giving in the United States to drop last year for only the second time in more than 50 years, according to a report released today by the Giving USA Foundation. The Chicago-based foundation’s annual study was researched and written by Indiana University’s Center on Philanthropy, which is […]
Kentucky’s horse-racing industry would get a stimulus package of its own under Gov. Steve Beshear’s proposal to allow video gambling in the state, with the bulk of the proceeds going to the tracks. The Kentucky Lottery Corp. would oversee video slot machines to be allowed exclusively at race tracks in the state under the plan […]
Indiana House Democrats plan to offer a one-year state budget they say would give public schools a statewide average spending increase of 2 percent and guarantee that all districts get as much or more money in the next year as they got this year. Normal 0 false false false MicrosoftInternetExplorer4 “We want to make sure […]
Ever wonder why acquisition-minded CEO John Lechleiter has been cool to the idea of Eli Lilly and Co. buying Amylin Pharmaceuticals Inc., Lilly’s partner on the diabetes medicine Byetta? One reason might be that Lilly is developing its own entrant into the promising new class of GLP-1 diabetes drugs, which was pioneered by the 2005 […]
Preparations for the 2012 Super Bowl are apparently immune from the economic problems dogging Indianapolis these days. NFL vice president Frank Supovitz told city and business leaders yesterday that the city has exceeded other host sites in terms of financing and prep work. “When Indianapolis came in to present itself for the Super Bowl, all […]
The Supreme Court on Tuesday cleared the way for Chrysler’s partnership with Italy’s Fiat, rejecting an appeal by a trio of Indiana pension and contruction funds, consumer groups and others to block the automaker’s sale. The sale of Chrysler LLC’s assets to Fiat Group SpA had been expected to close more than a week ago, […]
Southern Indiana commercial furniture manufacturer Jasper Group notified the state’s Department of Workforce Development this week that 110 employees will lose their jobs in August when the company closes its Batesville plant. In addition, the Jasper-based company, which had about 650 employees before the announcement, told the Batesville Herald Tribune that it would shut down […]
Midwest Independent Transmission System Operator Inc. in Carmel announced today that it will create nearly 70 new jobs within the next five years. The company, which manages the flow of electricity for its member utilities in 13 states and a Canadian province, plans to invest about $110 million to upgrade computer equipment and software at […]
Home-sale agreements in the nine-county Indianapolis area remain well below levels of a year ago, according to a report released today by F.C. Tucker Co. Normal 0 false false false MicrosoftInternetExplorer4 Pended home sales in May were down 11 percent from the same month a year ago, falling from 2,501 to 2,227, the Indianapolis-based […]
Current and former workers at Eli Lilly and Co. have narrowed the scope of their racial discrimination lawsuit against the Indianapolis-based drug company. Lawyers for the workers asked a judge in U.S. District Court in Indianapolis today to accept a third amended complaint that charges Lilly with discrimination in pay and promotions against African-American employees. […]
Two teen-agers have died less than seven hours apart in separate auto accidents in Hamilton County. Officers say an 18-year-old was driving east on State Road 32 in Westfield with four passengers aged 14 to 18. They tried to pass a vehicle when the driver lost control, went into a ditch, flipped and hit a […]
Home-sale agreements in the nine-county Indianapolis area remain well below levels of a year ago, according to a report released today by F.C. Tucker Co. Pended home sales in May were down 11 percent from the same month a year ago, falling from 2,501 to 2,227, the Indianapolis-based real estate company said. Year-to-date, the decline […]
Police have released sketches of persons of interest in last week’s triple homicide on the east side of Indianapolis. Investigators want to talk with two men in the murder of three people at Cedar Ridge apartments. A prayer vigil will take place at 2 p.m. today at the site of the homicides. Fox 59 will […]
Michael Zinermon faces 20 years in prison for selling heroin to Veterans Hospital employees, who then sold the drugs to patients, according to a plea deal reached in the case. Prosecutors say Zinermon and Ronald Northington supplied heroin to co-workers at the Roudebush Veterans Affairs Medical Center. A third man in the case, Marcus Harris, […]
The closing of a local home for abused and neglected children has been postponed by the Marion County Commission, which conducted a special meeting this morning regarding the Children’s Guardian Home. The commission had previously voted for its closure, saying it costs too much to run. Last night, the City County-Council submitted a plan to […]
A plan by Indiana House Democrats to cap funding for charter schools was criticized yesterday by U.S. Secretary of Education Arne Duncan.Duncan said states that place limits on charter schools will jeopardize their chance to get an expected $100 million from a pot of money set aside for public school reforms under the stimulus bill […]
Two weeks after National Football League officials announced teams can sell an ad on players’ practice jerseys, things are heating up at the Indianapolis Colts’ 56th training complex—also home to the franchise’s sales…
The state’s largest teachers union plans to lay off dozens of employees in the wake of a financial crisis that spurred investigations of its troubled insurance trust. Union officials representing two groups of workers at the Indiana State Teachers Association say at least 35 people will lose their jobs after 60 days notice. A third […]
