|
 BUSINESS NEWS | MONDAY, 9/26/05
Melina Kennedy leaves mayor's office, a possible prelude to prosecutorial run
Melina Kennedy has resigned as deputy mayor of Indianapolis, possibly setting the stage for her to run for Marion County prosecutor in 2006. Kennedy, 35, has worked in Mayor Bart Peterson's office since 2000. A spokesman for Peterson would only say that Kennedy left to pursue other interests. The current prosecutor, Carl Brizzi, is the most powerful Republican holding elected office in the county.
FULL STORY
Emmis to sell St. Louis radio station
Locally based Emmis Communications Corp. today announced it has agreed to sell a St. Louis radio station to Maryland-based Radio One Inc. for $20 million. Emmis said in a press release that the station's performance has "not been robust." It said it did not consider the station a core asset in St. Louis, a market where it owns four other stations. Emmis owns 24 radio stations nationally, including four in Indianapolis and two in Terre Haute.
 Flanner & Buchanan headquarters returns downtown
Flanner & Buchanan Funeral Centers is moving its headquarters into 12,000 square feet at 635 E. Market St., just a few blocks from its original 1881 location. Flanner & Buchanan is creating the space by renovating three adjacent buildings it purchased. In addition to serving as the company's headquarters, the location will house a cremation facility and a pet crematory. Flanner & Buchanan has 12 locations in the Indianapolis area. It previously had its headquarters at 10722 E. Washington St.
Use of Marion County libraries up
The Indianapolis-Marion County Public Library said its circulation of books, videos, CDs and DVDs increased 13 percent through the first eight months of this year, compared with the same period a year earlier. More than 5 million items were checked out at the library's 12 locations through August. Inner-city branches have seen the most activity. The library credited the increase partly to an effort to increase the quantity of newer titles it carries.
Rita damage to oil refineries less than expected
The price of crude oil fell to a two-week low after Hurricane Rita proved less destructive than feared. Most of the 15 refineries closed as the hurricane approached are resuming operations. Rita hit the Texas-Louisiana border over the weekend with 120-miles-per-hour winds. It veered off its earlier course, reducing the impact on Houston and Galveston, home to 12 percent of the U.S. refining capacity.
IBJ Discussion Forum
Clarian Health Partners plans to spend about $1.6 billion on facilities in the next five years. What affect, if any, do you think all of that spending has on the cost of health care?
SUBMIT A RESPONSE
Top 25 Lists in this week's Indianapolis Business Journal
Largest Indianapolis-Area Investment Brokerage Firms
Largest Indianapolis-Area Hotels
Most-Popular Indianapolis-Area Tourist Attractions
CLICK HERE
From IBJ staff and Bloomberg News--Edited by Tracy Donhardt
Stories from this week's IBJ
Building boom out of hand?
Huge construction projects by Clarian Health Partners and other hospital systems are partly to blame for rising health care costs, critics say. FULL STORY
'1-of-a-kind' Wal-Mart proposed
A new Wal-Mart Supercenter is planned for North Michigan Road just north of 106th Street, an area many retail developers have set their sights on. FULL STORY
Fly by security -- for a price
Indianapolis International Airport soon will offer speedier security screening to business passengers willing to pay $80 a year. FULL STORY
 Sign up today for IBJ's new
Real Estate Weekly E-mail Alert.
IBJ Daily readers will receive this once-a week e-mail focusing on real estate, both commercial and residential, for a four-week trial. The e-mail will include news about deals, people, meetings, trends, projects and more. YOU MUST OPT-IN TO CONTINUE RECEIVING IT. If you have any connection to real estate, you'll want to read IBJ's new Real Estate Weekly. Sign up today for your free subscription.
GENERAL NEWS
Houston picking up from Hurricane Rita
Residents of Houston, the country's fourth-largest city, are heading home as the city begins to return to normal in the aftermath of Hurricane Rita. Power is returning to some areas and the water level is falling in Lake Charles, La., where in some places it had reached rooftops. WISH-TV will have more on News 8 at 5 p.m. and 6 p.m.
Georgia schools closed for two days to conserve fuel
The governor of Georgia has ordered schools to be closed Monday and Tuesday in an effort to save fuel in the aftermath of Hurricane Rita. The governor said he would rather have a temporary inconvenience now than a crisis later. The time off will be treated as snow days.
Roberts vote expected later this week
A vote in the U.S. Senate on the nomination of John Roberts as Supreme Court chief justice is expected by Thursday. The Indiana native is expected to receive confirmation. Indiana's Democratic senator, Evan Bayh, said he will not vote in favor of Roberts because the nominee did not provide enough information on critical issues. Indiana's Republican senator, Richard Lugar, said he will support Roberts.
 From WISH-TV News 8 
 |
|
