CIB debate goes overtime
Where do we go from here? When it comes to the Capital Improvement Board and this city’s sports facilities, it’s anybody’s guess.
About the only thing we know for sure, the CIB has called…
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Vectren profit jumps despite lower energy usage-WEB ONLY
Evansville-based utility Vectren Corp.’s first-quarter profit rose 12 percent, to $72.8 million, despite lower energy consumption from its commercial customers, the company reported yesterday. Earnings per share of 90 cents beat analysts’ estimates by 7 cents, and were 6 cents higher than at the same time last year. Revenue declined 13.4 percent, to $795.2 million. […]
Baldwin & Lyons bounces back with profit-WEB ONLY
Baldwin & Lyons Inc. swung to a profit and met analysts’ expectations in the first quarter, the trucking fleet insurer reported today. Indianapolis-based Baldwin earned $5.4 million, or 37 cents per share, as investment losses eased from a year earlier. In the first quarter of 2008, Baldwin lost $4.6 million, or 30 cents per share. […]
Chrysler to file for bankruptcy today-WEB ONLY
Auburn Hills, Mich.-based Chrysler LLC, which has about 6,000 workers at four plants in Kokomo, will file for bankruptcy, two Obama administration officials said today. The move would come after talks with a small group of creditors crumbled just a day before a government deadline for the automaker to come up with a restructuring plan. […]
Cummins Inc. earnings slides 96 percent-WEB ONLY
Cummins Inc. revised its 2009 revenue and earnings outlook downward today while reporting its first-quarter profit slid 96 percent compared to the same period a year ago. The Columbus diesel engine maker posted a profit of $7 million, or 4 cents per share, down from $190 million, or 97 cents per share, a year earlier. […]
Dow AgroSciences’ profit bright spot for parent-WEB ONLY
Dow AgroSciences racked up record profit and sales in the first quarter, the Indianapolis-based company’s parent, Dow Chemical Co., reported today. The agricultural arm of the Midland, Mich., company generated $338 million in earnings before interest and taxes, a 2.1-percent gain from the same period last year. Sales rose 7.7 percent, to $1.4 billion, the […]
INtake/Indy.com/Metromix
The free Thursday off-shoot of the Indianapolis Star is once again going through a name change.
An editorial in today’s edition of indy.com says that, in the renamed and redesigned Metromix, “we’ll be hitting the topics you asked us to feature…
Contest results-WEB ONLY
Last week, I offered a pair of ticket to see Sandi Patty and the Indianapolis Symphony Orchestra, Aug. 11 at the Indiana State Fair. I also asked you tell me your favorite Sandi, Sandy, Patti, or Patty. Here are some of your responses – besides the numerous Patti LuPone, Sandy-from-“Grease” and Peppermint Patty picks: Sandra […]
Duke’s quarterly results meet expectations-WEB ONLY
Indianapolis-based Duke Realty Corp. late yesterday reported first-quarter results in line with analyst expectations and detailed an ongoing plan to strengthen its balance sheet. The office, industrial and health care developer reported funds from operations – a common performance measure for real estate investment trusts – of $110.6 million, or 71 cents per share. Excluding […]
General Assembly closes without CIB solution-WEB ONLY
Lawmakers failed to take action on a bill last night before the General Assembly adjourned that would have given Indianapolis local taxing options to help its struggling stadium agency. The bill may have some hope if it is revived in the special session that is now necessary after lawmakers failed to pass a new state […]
Indiana General Assembly fails to pass budget-WEB ONLY
The Indiana General Assembly failed to pass a new state budget before last night’s midnight deadline for adjourning, making a special legislative session certain. The Democrat-led House decided to put a Senate Republican budget proposal up for a vote with only minutes left until midnight, even though they disliked it because it cut $100 million […]
State lawmakers OK bill to regulate dog breeders-WEB ONLY
Supporters of a bill to regulate large-scale dog-breeding operations hope the legislation will have an immediate impact on so-called “puppy mills” around Indiana. Bill sponsor Rep. Linda Lawson (D-Hammond) said the bill that won final legislative approval late tonight will allow the state to start cracking down on irresponsible breeders. “It’s a great start,” Lawson […]
State lawmakers pass unemployment-fund bill-WEB ONLY
State lawmakers last night approved a plan designed to fix the state’s bankrupt unemployment fund. It would dramatically raise taxes on employers and make administrative changes in hopes of saving money, but it would not cut benefits. It passed the Senate on a bipartisan 46-3 vote, then passed the House 52-47 along party lines, with […]
Return of the gas-guzzler?
Americans are gravitating toward the kinds of vehicles theyâ??ll be buying for the next several years, says
one of the nationâ??s leading automotive forecasters.
John Wolkonowicz, senior auto analyst at IHS Global Insight, says the dominant vehicle of the future will…
Possible plant closure threatens 153 jobs-WEB ONLY
Troy, Michigan-based Noble International Ltd. informed Indiana officials today that it will close its Butler plant north of Fort Wayne by June 20 unless a buyer for the company can be found. The plant’s closing would result in the loss of 153 jobs. Noble, a supplier of steel components to the automotive industry, is […]
Wisconsin company buys Indiana Supply-WEB ONLY
Indianapolis-based Indiana Supply Corp., a distributor of heating and air-conditioning equipment, has been acquired by Gustave A. Larson Co. of Pewaukee, Wis. Terms of the deal, which closed April 24, were not disclosed. Indiana Supply, based in an 85,000-square-foot facility at 3835 E. 21st St., has branches in Fort Wayne and South Bend. The company, […]
Jobless rates rise in all big metro areas-WEB ONLY
Unemployment rates rose in all of the nation’s largest metropolitan areas for the third straight month in March, with Indiana’s Elkhart-Goshen region once again logging the biggest gain. The Labor Department reported today that all 372 metropolitan areas tracked saw jobless rates move higher last month from a year earlier. Elkhart-Goshen’s rate soared to 18.8 […]
CDC confirms first U.S. death in flu outbreak-WEB ONLY
The Centers for Disease Control and Prevention has confirmed the first U.S. death from the latest human strain of the swine flu: a 23-month-old child from Texas. The number of confirmed cases stands at 71 people across the country. State health officials announced the first confirmed case in Indiana yesterday – a University of Notre […]