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Falling demand for wireless devices and discounted prices caused locally based Brightpoint Inc.’s revenue to drop 36 percent in the fourth quarter of 2008 compared with the same period a year ago, the company said late yesterday. The Indianapolis-based mobile technology distributor reported a loss of $344.4 million on $1 billion of revenue for the […]
Jamestown was expected to give a hero’s welcome today to a firefighter injured in an interstate accident in late December. Fred Long, 46, was pinned by a semi after responding to a slide-off of a sport-utility vehicle on I-74. Long was released from rehabilitation today. To mark the occasion, Boone County firefighters organized a morning […]
An Indiana House Committee will consider a bill tomorrow that would let schools knock 10 days off the required 180-day school year. To compensate, administrators would be required to add about 20 minutes to each school day. A parents’ group called Save Our Summers is lobbying for the bill, which would also require an 11-week […]
Spring Mill Elementary parents talked with Washington Township officials this morning in the wake of fatal bus accident Friday that claimed the life of 10-year-old Christopher Michael Beltz. Superintendent Dr. James Mervilde discussed bus safety during today’s meeting as well as the need to more closely inspect bus driver records. School officials confirmed one of […]
U.S. wholesalers cut inventories in December by the largest amount in 16 years, slashing stockpiles amid the deepening recession. The reduction means wholesalers ordered fewer new goods, leading to reduced production and potentially more job layoffs. The Commerce Department said today that wholesale inventories plunged by 1.4 percent, nearly double analysts’ expectations of 0.8 percent. […]
A new restaurant called Stanley’s New York Deli plans to open Feb. 28 at the corner of 86th Street and Ditch Road. Owner Greg Abes named the 3,800-square-foot deli for his father…
Elementary education students at Ivy Tech Community College now can transfer credits toward earning a similar degree at Indiana University, the two schools announced this morning. The agreement allows students who complete an associate of science in elementary education degree at an Ivy Tech campus to transfer those credits toward a bachelor of science in […]
Now that smokers are mostly banished to the outdoors, thereâ??s a new work place pariah â?? those who show up
coughing, sneezing and otherwise obviously sick.
In the not-so-recent past, failing to make it to work while under the weather could be…
A new proposal would help fix Indiana’s depleted unemployment insurance fund by raising taxes on employers. The Indiana House labor committee voted 9-3 this morning to raise more money from businesses by increasing both the taxable wage base and tax rates. The state’s unemployment insurance fund currently pays out millions of dollars more than it […]
Two of the biggest forces in the entertainment business are joining up. Concert promoter Live Nation Inc. and ticketing giant Ticketmaster Entertainment Inc. said this morning that they plan an all-stock merger of equals. The combined company would be called Live Nation Entertainment. Regulatory experts have said the deal could get delayed by an antitrust […]
U.S. wholesalers cut back on their inventories in December by the largest amount in 16 years, slashing stockpiles amid the deepening recession. The reduction means wholesalers ordered fewer new goods, leading to reduced production and potentially more job layoffs. The Commerce Department said today that wholesale inventories plunged by 1.4 percent, nearly double analysts’ expectations […]
Even in a time of great economic distress, the Indiana Pacers have kept on giving.
Through grants across Indiana to over 40 organizations, annual scholarship awards and a $500,000 commitment to…
By BREE FOWLER NEW YORK General Motors Corp. said Tuesday it will cut 10,000 salaried jobs, citing the need to restructure itself with a government deadline looming and amid some of the worst sales in the auto industry’s history. The Detroit-based automaker said it will reduce its total number of salaried workers to 63,000 from […]
It will be at least another week before the city’s Metropolitan Development Commission decides whether to allow a crematorium to be built near the corner of Allisonville Road and 82nd Street. The commission was supposed to decide Feb. 4 whether the Harry W. Moore Funeral Care center could construct a one-story, 1,600-square-foot crematory on the […]
Three of the world’s largest drugmakers, including Indianapolis-based Eli Lilly and Co., are being accused of fixing prices for erectile dysfunction drugs in Switzerland, according to Bloomberg News. Lilly, Pfizer Inc. and Bayer AG, rivals in the male impotence-drug market, fixed prices in Switzerland and should be punished, a panel of the Swiss Competition Commission, […]
The Republican-controlled state Senate has approved a proposal to put limits on property tax bills into the Indiana constitution. The proposal passed on a 34-16 vote yesterday and now moves to the Democrat-controlled House. If the measure clears both chambers this year or next, voters would decide in 2010 whether to amend the caps into […]
Falling demand for wireless devices and discounted prices caused locally based Brightpoint Inc.’s revenue to drop 36 percent in the fourth quarter of 2008 compared with the same period a year ago, the company said today. The Indianapolis-based mobile technology distributor reported a loss of $344.4 million on $1 billion of revenue for the […]
The Indianapolis Capital Improvement Board yesterday approved $5.8 million in cuts to its annual budget and agreed to defer an additional $2.3 million in building-maintenance costs this year in an effort to shave its swelling operating deficit. The CIB revealed late last month that it is facing a $43 million annual operating shortfall due to […]
Indianapolis-based medical device startup NICO Corp. yesterday announced it has raised another $1.73 million from investors. NICO was founded last year by the same core group of entrepreneurs who formed automated breast-biopsy device-maker Suros Surgical Systems Inc., one of the fastest-growing companies in Indianapolis history. Just six years after starting Suros in 2000, they sold […]
I’m all for populist art. But I’ll readily admit to being a bit embarrassed for the city that Thomas Kinkade, the much-collected — and much-mocked — “painter of light,” has been named the featured artist for the Indianapolis Motor Speedway…
