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International airports in Indianapolis and Fort Wayne will each receive about $1.3 million in federal economic recovery funds. U.S. Transportation Secretary Ray LaHood said yesterday the money will help create jobs while “investing in the long-term safety and economic vitality of our airports.” The Federal Aviation Administration will provide $1.33 million to Indianapolis International for […]
For an eye-opener into the plight of Michigan, look no further than the number of people involved in the auto industry. Things have gotten so bad that a think tank there now spends much of its time trying to figure…
The Nielsen ratings for the first Indy Racing League race Sunday in St. Petersburg were down 60 percent from the same race a year ago. The 2009 St. Petersburg race was the season…
Firefighters battled a large fire this morning in Lapel that destroyed much of a central Indiana furniture manufacturer and produced a smoke plume visible for miles. No injuries were reported from the fire at Hickory Furniture Design, Madison County Sheriff Ron Richardson said. Brad McQueen, the business’ owner, said 10 to 12 workers were inside […]
Conseco Inc. executives took hits to their pay packages last year as the Carmel-based company’s stock price plunged 59 percent. CEO Jim Prieur took home 18-percent less in total 2008 compensation than in 2007, according to Conseco’s preliminary proxy filed yesterday. Prieur earned no performance bonus last year, but still received nearly $2.2 million in […]
Conseco Inc. executives took hits to their pay packages last year as the Carmel-based company’s stock price plunged 59 percent. CEO Jim Prieur took home 18-percent less in total 2008 compensation than in 2007, according to Conseco’s preliminary proxy filed yesterday. Prieur earned no performance bonus last year, but still received nearly $2.2 million in […]
The American Heart Association is encouraging Americans to incorporate 30 minutes of walking into their day in honor of National Start Walking Day. Local organizers are holding a rally today until 1 p.m. on Monument Circle. Fox 59 News will have more at 10 p.m.
Eli Lilly and Co. has launched its new blood thinner prasugrel in its first market, the United Kingdom, Reuters reported today. The drug, sold under the brand name Efient, is priced 31-percent higher than its rival Plavix, the world’s leading blood thinner. Plavix, sold by New York-based Bristol-Myers Squibb Co. and French company Sanofi Aventis […]
A $21 million construction project kicks off today in Fishers as crews prepare to widen 126th Street from State Road 37 to Olio Road. Actual construction will begin in July. The project is expected to take three years to complete. The project will require crews to replace three bridges, including the bridge over Interstate 69.
Firefighters were battling a large fire this morning that destroyed much of a central Indiana furniture manufacturer. No injuries were immediately reported from the fire at Hickory Furniture Design in the town of Lapel about 20 miles northeast of Indianapolis. Firefighters used large cranes to pour water on flames that destroyed a large section of […]
An Indianapolis City-County Council member says he’s going to introduce a dog ordinance this month that would place restrictions on certain breeds. Councilor Mike Speedy’s “At-Risk Dog Proposal” would require pit bull owners to sterilize their dogs. It would also force owners to get proof of liability insurance, as well as a permit, registration and […]
Gasoline prices are creeping up across central Indiana, with some stations charging as much as $2.09 a gallon. According to the American Automobile Association, the average price for a gallon of regular unleaded is $1.95 in Indiana. Last month, Hoosiers paid $1.99. The 2008 average was more than $3.30 a gallon.
A Franklin automotive supplier bruised by lagging sales plans to halt production in two months, putting 87 employees out of work. Mitsubishi Heavy Industries Climate Control said in a state filing today that it will stop making automotive air conditioning parts June 7 and will not resume production until demand picks up. The subsidiary of […]
Eli Lilly and Co. has launched its new blood thinner prasugrel in its first market, the United Kingdom, Reuters reported today. The drug, sold under the brand name Efient, is priced 31-percent higher than its rival Plavix, the world’s leading blood thinner. Plavix, sold by New York-based Bristol-Myers Squibb Co. and French company Sanofi Aventis […]
Subsidiaries of Toyota Group plan to invest $14.2 million to build a plant in Franklin that would supply the automotive industry with plastic parts. Premium Composite Technology North America is expected to employ 37 workers and begin operations in the spring of 2010. Franklin Mayor Fred Paris welcomed the announcement, citing the roughly $20-an-hour wage […]
Anderson-based startup Bright Automotive Inc. today will reveal plans for a concept version of its “Idea” plug-in hybrid vehicle at the Indiana State Fairgrounds, surrounded by state economic development leaders. Bright said it plans to begin production of the vehicle by the end of 2012 and claims it could create more than 5,000 jobs by […]
Basketball coach turned radio talk show host Dan Dakich isn’t sure about his future. While the former Indiana University and Bowling Green State University basketball coach said he’s focused 100 percent on hosting…
Cue the theme from “Rocky.” Indianapolis ad firm The Heavyweights and its client Clarian Health have won one of the ad industry’s biggest awards for Clarian’s “A Call to Change” campaign. In June, The Heavyweights will receive a North American Effie Award from a trade organization called Effie Awards. The Effie Awards’ Web site calls […]
Pulte Homes Inc. agreed to acquire Centex Corp. today in a stock-for-stock deal valued at $1.3 billion that will create the nation’s largest homebuilding company. The transaction, which also includes $1.8 billion of debt, will give the combined business a strong liquidity position with more than $3.4 billion in cash as of March 31. The […]
A bill that would allow fines against government workers who blatantly violate Indiana’s public access laws is in jeopardy. The state Senate unanimously approved the bill, which supporters say would put much-needed teeth into Indiana’s open door and public records laws. But a House committee chairman said yesterday that he doesn’t plan to give the […]
