Is downtown Borders a goner?
The bookstore chain Borders Group Inc. is looking for a replacement tenant for its 22,000-square-foot store at the corner of Meridian and Washington streets downtown. The Ann…
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Major stock indexes fall to 1997 levels-WEB ONLY
The major stock market indexes have staggered to their lowest levels in more than a decade, pulled down by investors’ rapidly waning confidence. The Dow Jones industrial average and the Standard & Poor’s 500 index closed today at their lowest levels since 1997, succumbing to growing worries about a recession that has no end in […]
Ameriana changes mind on TARP money-WEB ONLY
Ameriana Bancorp of New Castle yesterday said it would not accept $9.8 million from the Troubled Asset Relief Program-or TARP-after all. The move follows Congress’ decision to retroactively attach new strings to acceptance of TARP funds. Language included in the stimulus package approved Feb. 13 imposes wide-ranging restrictions on executive compensation at companies receiving federal […]
Rose-Hulman president resigning after 3 years-WEB ONLY
Rose-Hulman Institute of Technology in Terre Haute will soon be searching for its third new president in five years. The engineering and science school announced today that Gerald Jakubowski was resigning effective June 30, three years after he took the job. No reason for his departure was announced, and the school said its board of […]
BREAKING: Borders looks to sublease downtown store-WEB ONLY
Bookstore chain Borders Group Inc. is looking for a replacement tenant for its 22,000-square-foot store at the high-profile corner of Meridian and Washington streets in downtown Indianapolis. The Ann Arbor, Mich.-based chain is marketing the property to potential replacement tenants but has made no final decision on whether to close, said Borders spokeswoman Mary Davis. […]
BREAKING: Borders looks to sublease downtown store-WEB ONLY
Bookstore chain Borders Group Inc. is looking for a replacement tenant for its 22,000-square-foot store at the high-profile corner of Meridian and Washington streets in downtown Indianapolis. The Ann Arbor, Mich.-based chain is marketing the property to potential replacement tenants but has made no final decision on whether to close, said Borders spokeswoman Mary Davis. […]
Rolls-Royce inks $400M helicopter engine deal-WEB ONLY
Rolls-Royce PLC’s new 10-year, $400 million agreement to produce helicopter engines brings another surge of business to the company’s Indianapolis manufacturing plant. Rolls-Royce said today it will supply Fort Worth, Texas-based Bell Helicopter Textron Inc. with Model 250 engines for Bell 206 and 407 helicopters for most of the next decade. It was the second […]
Lugar says U.S. must rethink Cuba embargo-WEB ONLY
The U.S. policy of shunning communist Cuba by imposing a strict trade embargo has failed to prod the island nation toward democracy and should be re-evaluated, according to the top Republican on the Senate Foreign Relations Committee. “We must recognize the ineffectiveness of our current policy and deal with the Cuban regime in a way […]
Obama sending $15B in Medicaid relief to states-WEB ONLY
President Barack Obama said today he would begin distributing $15 billion to the states within two days to help them with Medicaid payments to the poor. The money will begin reaching the states Wednesday from the newly passed $787 billion economic stimulus program, Obama told the nation’s governors during a meeting at the White House. […]
Lilly blood thinner prasugrel wins EU approval-WEB ONLY
European Union regulators have approved the blood thinner prasugrel, Indianapolis-based drugmaker Eli Lilly and Co. announced this morning. The European Commission granted marketing authorization for prasugrel, which will be sold in Europe under the brand name Efient. Lilly spokeswoman Carole Copeland said the drug will be launched “in the coming weeks,” with a separate rollout […]
Colts’ star free agents looking elsewhere-WEB ONLY
Marvin Harrison’s reluctance to take a pay cut could mark the end of his career in Indianapolis. Colts president Bill Polian told reporters yesterday at the NFL’s annual scouting combine that the team was trying to rework Harrison’s deal to lower the receiver’s salary cap number from approximately $13.4 million, the highest number of any […]
Gov. Daniels meets with Obama-WEB ONLY
Gov. Mitch Daniels was scheduled to meet with President Obama this morning to discuss the challenges facing Indiana. Daniels is in Washington for a National Governors Association meeting. Obama says he wants to make it easier for governors to lead their states out of the economic crisis. Indiana expects to get about $4 billion from […]
BorgWarner, Navistar confirm job cuts-WEB ONLY
BorgWarner Automotive has confirmed in a state filing that 750 workers will lose their jobs at its Muncie plant, which supplies transmission components to General Motors Corp. and Ford Motor Co. BorgWarner Inc., based in Auburn Hills, Mich., said early last year that its Muncie operation would close when the current union contract expires in […]
Gunmen terrorize restaurant workers, shoot driver-WEB ONLY
Indianapolis police are questioning two men this morning following an attempted robbery and shooting last night at Famous Dave’s Restaurant, 3645 Vincennes Road on the northwest side. A pair of armed men entered a back door of the restaurant around 10:30. Officers say the men fired several shots before discovering their getaway driver had fled. […]
State pawn shops see rise in business-WEB ONLY
The nation’s deepening recession has boosted business at Indiana’s pawn shops as people shed possessions – particularly electronics – for cash to pay bills. At Ace Pawn Shop in Bloomington, manager Chris Banul said business is up and he’s seeing more high-end items brought to the shop for collateral, or sold outright, as the economy […]
Local design group starts awards event-WEB ONLY
Sallie Rowland, founder of Indianapolis-based Rowland Design, will be honored March 19 at the inaugural Legends in Design awards ceremony. Legends in Design is sponsored by the SAFE Coalition for Design, which promotes protection of public health and safety through adoption of nationally recognized interior design standards. SAFE is an acronym for slip resistant, accessibility, […]
Carmel Clay board plots budget cuts-WEB ONLY
The Carmel Clay school board tonight will discuss ways to cut $1.85 million from next year’s budget. One option under consideration is slashing teacher positions.The meeting will start at 7 at the school district’s administrative offices, 5201 E. 131st St. Fox 59 will have more at 10 p.m.
‘Livability’ for Indianapolis
A year into his tenure as mayor of Indianapolis, Greg Ballard over the weekend articulated what may be the
closest thing weâ??ll hear for his vision for the city.
Ballardâ??s State of the City address touted making Indianapolis the…
Ex-DEI chief runs on new track
The message to locally based USA Track & Field was clear. Downsize or risk losing financial support from the U.S. Olympic Committee. So USATF boss Doug Logan last week announced the board would…
State pawn shops see rising business-WEB ONLY
The nation’s deepening recession has boosted business at Indiana’s pawn shops as people shed possessions – particularly electronics – for cash to pay bills. At Ace Pawn Shop in Bloomington, manager Chris Banul said business is up and he’s seeing more high-end items brought to the shop for collateral, or sold outright, as the economy […]