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Market surges on housing, construction reports-WEB ONLY
Normal 0 false false false MicrosoftInternetExplorer4 Brightening news about the economy sent investors rushing into stocks today and sent the Standard & Poor’s 500 index above the break-even point for the year. The S&P 500 soared 29.7 points to 907.23, an increase of 3.4 percent during the day and 0.44 percent for the year. The […]
Indians stay hot in down economy
The Indianapolis Indians continue to score sponsorship deals during a down economy. Late last week, the Indians signed a deal with Arby’s and WJJK-FM 104.5 to present 2-for-1 Tuesdays, a special discount-ticket promotion…
Indy Partnership among top development groups-WEB ONLY
Indy Partnership has been named one of the top 10 economic development groups in the nation by Site Selection magazine. Ron Gifford, CEO of the local not-for-profit, was scheduled to accept the award this afternoon in Asheville, N.C., at the national meeting of the Industrial Asset Management Council. Site Selection, a leading national economic development […]
Flu forces 2 area schools to close-WEB ONLY
More than 1,000 Indianapolis children have a week-long reprieve from school amid concerns of a potential flu outbreak. Spring Mill Elementary and IPS School 60 will remain closed for the next week. On Friday, health officials announced that one student at each school had tested positive for H1N1 Influenza A, better known as swine flu. […]
Franklin weighs citywide smoking ban-WEB ONLY
The Franklin City Council is set to vote on a proposal that would ban smoking in bars and private clubs. The council also will take public comments during a hearing at city hall at 6:30 p.m. Franklin is just one of the many Indiana communities that has discussed a potential ban or passed one. Fox […]
One dead in near-east-side shooting-WEB ONLY
Police are looking for a suspect after a man was shot to death yesterday afternoon in his home in the 2300 block of North Parker Avenue on the near east side. James Felix died 20 minutes after paramedics arrived. Police have no suspect or motive.
Daniels: Budget bill would have left $1 billion gap-WEB ONLY
Indiana Gov. Mitch Daniels said today the budget bill the General Assembly voted on but did not pass last week would have consumed the state’s reserves at the end of two years and left a $1 billion shortfall. April’s revenues, announced this morning, were $255 million below a revised fiscal forecast issued last month. Daniels […]
Economic woes testing Indiana’s festivals-WEB ONLY
The lingering recession is forcing the organizers of some of Indiana’s festivals to scale back their events or move them to more affordable venues before the state’s festival season gets under way. In Indianapolis, not-for-profit Storytelling Arts of Indiana canceled its long-running fall festival this year because it anticipates large cuts in city and state […]
Startup launches brain-tumor removal device-WEB ONLY
Indianapolis-based medical device startup NICO Corp. announced it will introduce its first commercial product today at the American Association of Neurological Surgeons conference in San Diego. NICO, which stands for Neuro Interventional Co., was founded last year by a core group of entrepreneurs who had previously formed medical-device maker Suros Surgical Systems Inc., one of […]
Sides disagree on Daniels’ budget guidance-WEB ONLY
Three days before the Indiana General Assembly was to end last week, Republican Gov. Mitch Daniels said one way to avoid an extra session was to be clear about what he could and could not accept in a new state budget. He said budget plans passed by House Democrats and Senate Republicans were not acceptable […]
Daniels: Budget bill would have left $1B gap-WEB ONLY
Normal 0 false false false MicrosoftInternetExplorer4 Indiana Gov. Mitch Daniels said today the budget bill the General Assembly voted on but did not pass last week would have consumed the state’s reserves at the end of two years and left a $1 billion shortfall. April’s revenues, announced this morning, were $255 million below a revised […]
Startup launches new brain-tumor removal device-WEB ONLY
Indianapolis-based medical device startup NICO Corp. announced it will introduce its first commercial product today at the American Association of Neurological Surgeons conference in San Diego. NICO, which stands for Neuro Interventional Co., was founded last year by a core group of entrepreneurs who had previously formed medical-device maker Suros Surgical Systems Inc., one of […]
IRL: 2013 or bust
I wrote an article about the Indy Racing League’s long-term future for this week’s IBJ print edition that is getting quite a bit of attention from our readers. There are several reader comments…
Lessons from a small bank
Sometimes one extreme sheds light on another extreme, and in a day when the nationâ??s financial system is
under the microscope for making all manner of rotten loans, the experience of tiny Kentland Federal Savings
& Loan Association might be…
Construction spending rises unexpectedly in March-WEB ONLY
Construction spending rose unexpectedly in March after five straight declines, as strength in nonresidential projects and government building offset a further slide in housing. The Commerce Department said today construction spending increased 0.3 percent in March, the best showing since a similar rise last September. Economists surveyed by Thomson Reuters had expected spending to drop […]
Ambulance service closure to cost 116 jobs-WEB ONLY
A private ambulance service in Fort Wayne will close June 30, putting 116 people out of work. Colorado-based American Medical Response Ambulance Service Inc. alerted the Indiana Department of Workforce Development of the closure Friday. Employees affected include 69 paramedics, 23 emergency medical technicians and 11 dispatchers. AMR operates in 250 communities […]
Obama to crack down on business taxes-WEB ONLY
President Barack Obama plans changes to tax policy likely to be unpopular with corporations with international divisions and individuals who use tax havens. Obama’s two-part plan, which he is slated to be unveiled at the White House today, also calls for 800 new federal tax agents to enforce the system. The president’s proposal would eliminate […]
Sides disagree on Daniels’ budget guidance-WEB ONLY
Normal 0 false false false MicrosoftInternetExplorer4 Three days before the Indiana General Assembly was to end last week, Republican Gov. Mitch Daniels said one way to avoid an extra session was to be clear about what he could and could not accept in a new state budget. He said budget plans passed by House Democrats […]
Indiana’s unlicensed child-care ministries soar-WEB ONLY
Normal 0 false false false MicrosoftInternetExplorer4 The number of unlicensed, faith-based child care centers has grown by nearly 30 percent in Indiana since 2001, worrying supporters of state-licensed child-care centers struggling to hold their own. The state’s child care ministries are tax exempt and face minimal regulations, unlike Indiana’s highly regulated licensed centers, The Fort […]