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Prominent downtown Indianapolis restaurant Mo’s … A Place for Steaks has a new owner after the eatery’s local managing partner bought out Milwaukee-based restaurant operator John Vassallo. Jeremiah Hamman, 34, is now the sole owner of the steakhouse at the northeast corner of Pennsylvania and Maryland streets. Terms of the deal, announced yesterday, were not disclosed. Hamman […]
That drip-drop sound you hear is not the rain outside. It’s coming from the irony dripping off the most recent Capital Improvement Board bailout proposal.
A bi-partisan group of Marion County lawmakers is suggesting…
In his conversations with business owners and CEOs, Carmel consultant Bud Roth sees attitudes about the recession
changing, but not changing enough.
Many leaders have figured out whether or not their organizations will survive, says Roth, who was vice president
of…
An Indiana money manager said he “wasn’t of sound mind” before parachuting from his plane and letting it crash in Florida in what authorities say was an attempt to fake his own death. In a telephone interview with ABC’s “Good Morning America” for broadcast today, Marcus Schrenker said his plane crashed in Florida after hitting […]
The Fort Harrison Reuse Authority is preparing to break ground on a massive infrastructure project that will lay the groundwork for the master-planned Lawrence…
Times are tough, no question about it. But four events over the last few days conspired to put me in an optimistic mood about the future of the arts in Indy.
That feeling may pass, but for today–inspired by last night’s Spotlight…
A pair of Carmel-based investors are planning to redevelop a three-story historic apartment building into upscale, high-tech condominiums at the corner of 22nd and Delaware streets downtown. The structure, dubbed the “Smart Building at Delaware,” will contain 12 one-bedroom, one-bathroom condominiums priced between $119,900 and $164,900. Developers say the relatively low price point, combined with […]
Democratic leaders at the Indiana Statehouse are questioning whether the governor should have the power to withhold state cash from certain programs after lawmakers allocate money for them in the state budget. Senate Minority Leader Vi Simpson (D-Bloomington) said Republican Gov. Mitch Daniels should be able to reduce spending for his own state agencies in […]
By all accounts the Grand Prix of Long Beach was a success for the Indy Racing League. The IRL, which signed a five-year deal to take over the former CART event following last…
Employers would pay higher taxes under a revised proposal Indiana House Democrats presented yesterday as a way to fix Indiana’s bankrupt unemployment insurance fund. The taxes employers would pay into the fund overall would be higher than House Democrats originally proposed, at least initially, and the new plan still would not cut benefits paid to […]
U.S. stock markets sank today as investors booked profits from last week’s gains and new worries set in over banks’ profit reports. The Dow Jones industrial average index plummeted 3.6 percent, to 7,841.60, the Standard & Poor’s 500 dropped 4.2 percent, to 832.42, and the NASDAQ composite fell 3.9 percent, to 1,608.21. Worries about the […]
Cinram Inc., a Toronto-based manufacturer and packager of CDs and CD-ROMs, plans to close its Indiana plant, costing 330 workers their jobs, according to the Richmond Palladium-Item. Company officials told workers and Richmond city officials that the plant would close this summer in phases, with the first phase on June 16, the second on June […]
Federal officials have chosen Navistar Corp.’s Fort Wayne plant to help develop a new electric hybrid school bus that’s part of the Obama administration’s goal of lessening the nation’s reliance on petroleum. The U.S. Department of Energy said Friday that Navistar will be a partner in a project to develop, test and put onto the […]
Indianapolis-based wireless-device distributor Brightpoint Inc. has joined the Fortune 500 for the first time, coming in 496th with $4.6 billion in 2008 revenue, according to the annual list of the nation’s largest companies released yesterday. Other Indiana companies to make the list: WellPoint Inc. (32), Eli Lilly and Co. (122), Cummins Inc. (181), NiSource Inc. […]
More than 32,000 firefighters will be in Indianapolis this week for the annual Fire Department Instructors Conference, which begins today. The city has hosted the event, billed as the largest firefighting convention in the world, since 1993. Attendees are expected to spend about $31 million. Fox 59 will have more at 10 p.m.
State lawmakers could conduct more negotiations today on legislation to help the Capital Improvement Board fill its $47 million budget deficit. Key elements of the proposal include higher hotel, liquor, car-rental and ticket taxes in Indianapolis. In order to be enacted, the plan needs to be approved by the Legislature by April 29. It must […]
People across the country are marking a tragic anniversary today. Ten years ago, 13 students and one teacher were killed in a shooting at Columbine High School in Littleton, Colo. The school is closed today, and school officials plan a private memorial service tonight.
Friends and family will say goodbye today to a group of Hoosier engineers heading to Afghanistan. The 170 National Guard soldiers are based in LaPorte. The carpenters, electricians, heavy-equipment operators and others will work to improve living conditions and quality of life for U.S. troops stationed in Afghanistan. The departure ceremony will be held at […]
Eli Lilly and Co. saw only a slight bump in its share price this morning after reporting first quarter profit that exceeded analysts’ expectations by 21 percent. The Indianapolis-based drugmaker said part of that increase was caused by the rapid rise of the value of the U.S. dollar against foreign currencies. The benefit isn’t likely […]
Former Colts tight end Ben Utecht is releasing his self-titled debut album tomorrow on Stylos Records, distributed by World Entertainment. Utecht, who now plays for the Cincinnati Bengals, was part of the Colts’…
