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Bill Oesterle, co-founder and CEO of Indianapolis-based Angie’s List, has donated $1 million to Purdue University to create the school’s first endowed professorship in information technology, the university announced today. The professorship, named the Olga Oesterle England Professorship of Information Technology, will first be held by Gerry McCartney, Purdue’s chief information officer. Oesterle, a Purdue […]
Marion County Treasurer Michael Rodman is scheduled to deliver an update today on distribution of long-delayed local property-tax bills worth a combined $1 billion. He now expects to put the bills in the mail by June 1. Rodman, a Democrat, will make his presentation to the City-County Council’s Administration and Finance Committee at 5:30 p.m. […]
United Way of Central Indiana announced this morning that it would provide $1.3 million to two local housing projects as part of Indianapolis’ Blueprint to End Homelessness campaign. A $1 million grant to the Julian Center for abused women will help construct 71 permanent housing units at 34th and Meridian streets. United Way also will […]
United Way of Central Indiana announced this morning that it would provide $1.3 million to two local housing projects as part of Indianapolis’ Blueprint to End Homelessness campaign. A $1 million grant to the Julian Center for abused women will help construct 71 permanent housing units at 34th and Meridian streets. In 2001, United Way […]
A piston factory once owned by one of the founders of the National Basketball Association is closing down this year because of the economic downturn. It will mean the end of the Fort Wayne plant that as Zollner Piston once employed more than 1,200 people but now has just 38 production workers. The closure is […]
Retail sales fell unexpectedly in March, delivering a possible setback to hopes that the economy’s steep slide could be bottoming out. The Commerce Department said today that retail sales dipped 1.1 percent in March. It was the biggest decline in three months and a much weaker showing than the 0.3-percent increase that analysts expected. A […]
Express Scripts Inc. stands to gain considerable negotiating clout from its $4.68 billion deal to buy the pharmacy benefits management businesses of health insurer WellPoint Inc., and experts say that could mean savings for customers buying prescription drugs. St. Louis-based Express Scripts said yesterday it planned to buy Indianapolis-based WellPoint’s NextRx subsidiaries in a cash-and-stock […]
It may seem absurd. No, scratch that, it does seem absurd. But there’s a simple solution to solve the Capital Improvement Board’s $47 million budget shortfall. Legalized sports gambling.
That proposal won’t see the…
Bad times have Hoosiers filing lots more personal bankruptcies, right in synch with a national trend.
U.S. Bankruptcy Court for the Southern District of Indiana, which includes Indianapolis, logged 2,936 bankruptcies last month. That was a heady increase from…
Indianapolis-based Fortune Industries Inc. managed a small profit in its second quarter even after the sales of subsidiaries drastically cut revenue, the company announced this morning. Revenue for the quarter ended Feb. 28 fell to $16.4 million, compared to $41.9 million in the same period a year ago – a 61-percent decrease. Fortune, a professional […]
Central Indiana pending home sales dropped 2.7 percent in March compared to the same period last year, according to the latest statistics from the F.C. Tucker Co., yet brokers say they remain optimistic as the inventory of available homes begins to balance out. Overall, the number of pending home sales in the nine-county Indianapolis area […]
If you’re looking for classical music at Conner Prairie this summer, well, you’d better look carefully.
The Indianapolis Symphony Orchestra’s soon-to-be-announced northside season is heavy on pop access, low on the traditional classical cannon. Is that a good thing or a…
ArcelorMittal SA plans to shut down steel-bar operations at its East Chicago plant, resulting in layoffs for 400 employees, the Chicago Tribune reported yesterday. The layoffs of both union and non-union workers affect 8 percent of the plant’s work force, the newspaper said. The closure will be indefinite. Luxembourg-based ArcelorMittal produces about 10 percent of […]
The Indiana House has approved legislation that would prohibit the governor from soliciting or receiving campaign contributions during long, budget-writing sessions of the General Assembly. The House approved the provision yesterday as an amendment to a bill about voting. Legislators already are prohibited from getting political contributions during sessions in odd-numbered years, which is when […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Bill Oesterle, co-founder and CEO of Indianapolis-based Angie’s List, has donated $1 million to Purdue University to create the school’s first endowed professorship in information technology, the university announced today. The professorship, named the Olga Oesterle England Professorship of Information Technology, will first be held by […]
Mayor’s CIB plan leaves food-beverage tax alone Scott [email protected] Mayor Greg Ballard’s plan to rescue the city’s Capital Improvement Board from an approaching $47 million budget deficit wouldn’t raise the local food-and-beverage tax, but it would increase several others already targeted in a bill moving through the state Legislature. The mayor appeared at the monthly […]
Emmis Communications Corp. said today that the “advertising environment remains incredibly weak” and that it has hired a financial adviser to explore restructuring some of its debts. The Indianapolis-based company, which has more than $400 million in debt, borrowed another $71 million April 10, according to a regulatory filing this morning. Emmis said in the […]
A major section of Keystone Avenue in Carmel is now closed for construction. Keystone between 131st Street and U.S. 31 will remain shut down for about 45 days. Carmel city leaders say the closure will help save more than a half-million dollars in construction costs and allow the new Keystone-136th Street interchange to open before […]
Investors cheered this morning after WellPoint Inc. agreed to sell its pharmacy management unit to Express Scripts Inc., but
the fate of about 2,100 WellPoint employees now is up in the air.
Police hope they have solved the case of a boater last seen on Valentine’s Day. Crews were called to the 4300 block of North Michigan Road yesterday after a bird watcher spotted a body in the White River. Ethan Runnels vanished two months ago while canoeing. Investigators won’t be able to make a positive identification […]
