Last Updated Mon., March 2, 2015 - 1:22 PM

Carmel-based tech security firm acquired for $40M11:51 AM

IBJ Staff
Carmel-based technology firm Emerging Threats Pro LLC has reached an agreement to be acquired by Sunnyvale, California-based Proofpoint Inc., the companies announced Monday morning.

U.S. manufacturing slows as output, hiring weaken11:38 AM

Associated Press
U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly.

UIndy plans $5.5M library renovation11:21 AM

IBJ Staff
New features will include a ground-floor cafe with food service, an outdoor plaza, a 24-hour study lab and a glass-curtain exterior wall on the east side to provide all three upper floors with natural light.

As Circle Centre turns 20, declining performance, anchor woes spur worry

Sales per square foot are down, the building itself is aging, and persuading the lone anchor, Carson Pirie Scott, to stay another three years required generous incentives.

Executive pay continues on upswing

The median senior executive collected $923,705 in salary, stock or stock options, incentive pay and perks in 2013, IBJ found in a review of proxy statements at 64 companies.The median compensation rose 20 percent from 2012 and doubled since 2006.

No-holds-barred tactics lifted developer Ozdemir

Ersal Ozdemir, who heads the development and construction firm Keystone Group, has charmed elected officials for years with big ideas—and hundreds of thousands of dollars in political contributions.

Special Report: City's building spree leaves trail of spoils

Mayor Greg Ballard takes pride in Rebuild Indy, the city’s nearly $400 million program that doubled the volume of public works projects—and became engineering and construction firms' largest business opportunity with the city in more than a decade.

City bans bulk land-bank sales after lopsided deal with not-for-profit

Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)

SPECIAL REPORT: Stock-based pay builds wealth for Indiana execs

IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)

Crean, Painter contracts packed with rewards for postseason success

Indiana University Coach Tom Crean and Purdue University Coach Matt Painter cash in big time when their teams perform well, especially in postseason play.

Airport execs' globetrotting sparks scrutiny

Indianapolis Airport Authority CEO John Clark and two key officers spent more than $67,000 last year on travel that included extended business trips to Brazil, Denmark, Greece, Morocco and Switzerland.

BioCrossroads has stoked state's life sciences industry, but challenges remain

In the 10 years BioCrossroads has been promoting life sciences in Indiana, the effort has netted more than 330 new companies, an infusion of more than $330 million in venture capital, a tripling of exports, and a growing number of mentions in national reports on life sciences.

Warnings about broker's tactics went unheeded

Several state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched an investigation that led to his indictment.
More Special Reports
Last Updated Mon., March 2, 2015 - 1:22 PM

U.S. manufacturing slows as output, hiring weaken11:38 AM

U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly.

GOP pushes budget plan, contentious issues11:59 PM

Lawmakers have reached the midway point of the General Assembly's four-month session, during which they've moved legislation on school funding, casinos, education oversight and religious objections.

Bill would put bigger burden on cities seeking annexations11:45 PM

Supporters say the only way a city should be able to annex property is if the majority of landowners agree. Opponents, though, are worried legislators are gutting a key tool that municipalities use for growth and economic development.

Engineer says Mounds Lake Reservoir plan has fatal flaws

Plans to create Indiana's first new reservoir in more than four decades are fatally flawed because there would be no buyer for its water for 35 years, the former director of engineering for the Indiana Department of Natural Resources says.

Anti-crime bills imposing longer sentences advance to House

Indiana prosecutors and law enforcement officials are backing a package of anti-crime bills that would impose harsher sentences for violent offenders.

Two counties to decide on plan for Indiana Toll Road

Authorities in two northwest Indiana counties are scheduled to decide over the next several weeks whether to proceed with a proposal to lease the Indiana Toll Road after the Australian-Spanish consortium that leased it went bankrupt.

UPDATE: FEMA suspends hazard mitigation funds for Indiana

Federal officials have frozen about $5.5 million in hazard mitigation grants for Indiana in response to unresolved compliance issues with a baseball stadium project in Kokomo.

U.S. Steel to idle Gary Works coke plant, displacing 300

Company spokeswoman Courtney Boone said the Pittsburgh-based steelmaker plans to talk with affected workers and the United Steelworkers union about whether they will be transferred or laid off.

Debate on cold medicine prescriptions lingers

Lawmakers involved in the debate over how to curb Indiana's methamphetamine problem say a bill that would require drug felons to get a prescription before buying common cold medicine is likely just another step toward an eventual prescription requirement for all consumers.

Consumer prices plunge 0.7 percent on cheaper gas costs

The consumer price index fell 0.7 percent in January, the sharpest drop since December 2008, the Labor Department said Thursday.

Orders for U.S. durable goods show monthly rebound

Orders to U.S. factories for long-lasting manufactured goods bounced back in January, rising by the largest amount in six months, although much of the strength came from a big jump in airplane orders.

Indiana lawmakers taking mid-session break

Members of the House and Senate wrapped up business on Wednesday and are scheduled to return Monday to the Statehouse in Indianapolis.

UPDATE: House votes to allow inland moves for riverboat casinos

The Indiana House has approved a proposal that would permit the state's riverboat casinos to move onto land and allow live dealers for table games at the two horse track casinos near Indianapolis.

Stairmaker moving to Indiana with 180 jobs

American Stair Corp. plans to invest $2.9 million to purchase, renovate and equip a 60,000-square-foot plant. State officials are offering $1.7 million in tax incentives.

House backs bill to remove Interstate 69 route restriction

The House voted 81-11 Tuesday to revoke the 2004 law that prohibits the highway from passing through southern Marion County's Perry Township.

Senate defeats proposed farming constitutional amendment

The Indiana Senate has defeated a proposal that would have added "right to farm" protections to the state's constitution.

House advances state budget plan with education increases

The Indiana House has advanced a state budget proposal that boosts school funding by 2.3 percent each of the next two years.

Senate advances bill protecting religious objections

All 40 Republican senators voted in favor of the bill on Tuesday, while the 10 Democrats voted against it.

Legislator: Sunday alcohol bill 'did not have the votes'

Indiana will keep the distinction of being the last state with a "blue law" banning Sunday carry-out alcohol sales after the sponsor of a bill that would have lifted the ban said Tuesday the measure is dead.

Indiana pushing to inform more students about internships

Indiana is launching a new statewide initative to teach students about the value of internships and other work-based experiences that can boost their job prospects in an increasingly competitive economy.

House backs repeal of state construction wage law

Indiana House members voted 55-41 Monday to support eliminating the boards that set construction wages for each state or local project. Thirteen Republicans joined 28 Democrats in opposing the bill.

Indiana school voucher rolls up 47 percent, to 29,000

The report says students are eligible to receive nearly $116 million in voucher awards this school year, up from $81 million a year ago.

UPDATE: Lawmakers put off vote on Sunday alcohol sales

The Indiana House will wait at least until Tuesday to vote on legalizing Sunday carry-out alcohol sales.

U.S. charges Duke with illegal pollution from coal ash dumps

Duke Energy said Friday that it has already negotiated a plea agreement under which it will admit guilt and pay $102 million in fines, restitution and community service.

State warns businesses about payment scam

Businesses have recently received a letter claiming to come from a group called the Indiana Council for Corporations that some might confuse with a legitimate state form, requesting $125.

Developer gives up 37-year fight for landfill near Anderson

Bex Farms Inc. and an affiliate have withdrawn their application to renew the landfill permit for a 13-acre site near Mallard Lake and Killbuck Elementary School.

Pence keeping feet in both state, national political debates

Gov. Mike Pence has kept to his largely hands-off approach to dealing with the Indiana Legislature, even as he has stepped into the middle of some high-profile issues during his third year in office.

Indiana helps lead way in implementation of 911 texting

All but four of Indiana's 92 counties have signed on a system that allows phone users to send a text to 911 when they need emergency help, putting the state at the forefront of a technology that's slowly making its way across the country.

Pence among governors backing Homeland Security showdown

Several Republican governors, including Indiana Gov. Mike Pence, are urging GOP congressional leaders to stand firm next week in opposing legislation funding the Department of Homeland Security if it doesn't also overturn President Barack Obama's executive action on immigration.

Brainard draws fire over deleted negative comments

Carmel Mayor Jim Brainard's staff members deleted negative comments and blocked some users from his Facebook campaign page.

IU trustees approve room, board rate increases

The most commonly requested package for the Bloomington campus currently costs $9,943, but will increase by about $300 starting in the 2015-16 school year.

Educators say cuts to ISTEP test times not enough

Indiana school administrators say they welcome efforts to shorten the standardized test that 450,000 students soon will begin taking, but they say the exam will still take too long.

Purdue fraternities vote to ban hard liquor

The new policy prohibits all beverages with 15 percent alcohol content from being consumed on fraternity property. Punishment for a first offense could be 16 weeks of social probation.<

U.S. sent 800,000 Healthcare.gov customers wrong tax info

The Obama administration says it sent about 800,000 HealthCare.gov customers the wrong tax information, and officials are asking those consumers to delay filing their 2014 taxes.

Governors could signal presidential intentions at confab

Mike Pence and other pols will be scrutinized this weekend at the National Governors Association meeting for signs they want to be part of the 2016 conversation.

House rejects changes to Sunday alcohol sales bill

An effort to dial back proposed restrictions on grocery, convenience and drug stores in a bill that would legalize Sunday carryout alcohol sales was narrowly defeated Thursday in the Indiana House.

Department of Education notifies schools of testing changes

Indiana schools are receiving official word about the steps being taken to shorten the state's standardized tests.

Purdue cuts football season ticket prices to get fans back

Purdue football games drew an average of about 35,000 fans during home games last year, the lowest level since 1951.

Elwood mayor to resign following police investigation

Elwood Mayor Ron Arnold is expected to step down March 27 as leader of the Madison County city about 40 miles northeast of Indianapolis.

Indiana House committee passes bio-cremation measure

A measure that would legalize the chemical disposal of human bodies has passed an Indiana House committee, but a similar measure has died in an Indiana Senate committee.

Ball State foundation mulls changing investment policies

Ball State spokeswoman Joan Todd said any changes would be considered alongside the foundation's mission of "achieving maximum sustainable support" for the school.

Ex-county auditor accused of stealing funds sued by state

Indiana Attorney General Greg Zoeller has sued a former county auditor accused by officials of stealing nearly $350,000 in public funds to spend on personal items.

Senate panel quickly advances religious freedom bill

Indiana Senate Judiciary Committee Brent Steele said he had warned members they needed to be on time for a meeting during which the panel advanced a proposed religious freedom law.

Bill advances to remove Interstate 69 route restriction

Indiana legislators have advanced a bill that would lift a state law restricting the route for the final leg of the Interstate 69 extension near Indianapolis.

Anthem finishes deal for Medicaid provider Simply Healthcare

Anthem Inc. has closed its purchase of Florida Medicaid managed care provider Simply Healthcare Holdings Inc. for an estimated $1 billion.

Changing schedule could keep IndyCar on right track

Less than a month after the season opener was canceled, IndyCar Series CEO Mark Miles outlined a new vision for scheduling Tuesday that includes more races, fit perfectly between football seasons in hopes of adding interest and fans.

Senate OKs bill allowing board to vote for leader

The move most likely would result in Superintendent of Public Instruction Glenda Ritz, a Democrat, being removed from the position.

UPDATE: House panel backs repeal of public projects wage law

The Republican-controlled House Labor Committee voted 8-4 Tuesday in favor of eliminating the boards that set construction wages for each state or local project costing more than $350,000.

House panel backs moves to shorten student testing time

The House Education Committee voted unanimously Tuesday to advance a bill permitting some steps that Indiana Superintendent of Public Instruction Glenda Ritz proposed last week.

Six central Indiana dental employees reach plea deals

Prosecutors have struck plea agreements with six former employees of an Anderson dental clinic in connection with a Medicaid fraud investigation.
Last Updated Mon., March 2, 2015 - 1:22 PM

MARCH 2-8, 2015

Thisissue1-030215

State park nears deal to acquire GM land for concert venue

The White River State Park intends to buy part of the former General Motors stamping plant site and might build a concert venue there to replace The Farm Bureau Insurance Lawn.

Front Page

Format switch to old school hip-hop rockets radio station to top of charts

Indianapolis radio station WRWM-FM 93.9 rocketed from the 15th-most-listened-to station in central Indiana in December to No. 1 in January—its first full month playing old school hip-hop.

Auer Growth Fund, falling short of name, plans to stay the course

Some fund managers tweak their strategies or fees when things aren't going so well. But don't look for Bob Auer, the fund's 53-year-old senior portfolio manager, to do so.

Top Stories

Top-flight runners may take to Indy's downtown streets

USA Track & Field is sprearheading an effort to bring a unique outdoor track and field competition to the streets surrounding Monument Circle.

Startup Handcrafted Beverages takes on Big Soda

Founder Jerry Rezny thinks craft soft drinks can disrupt the soft drink industry just as craft beer shook up establishers brewers.

Round-the-clock dental practice sees opportunity in the wee hours

24 Hour Dental Care has seen 550 patients since opening on Virginia Avenue Dec. 15.

Reeling developer dumps ‘worthless information’ on court

A judge ordered HDG Mansur chief Harrold Garrison to appear in court after creditors charged he is dodging their requests for information and filed a contempt motion.

21c seeks $9M loan from city to turn Old City Hall into $55M hotel-museum

The project, which would add a modern 150-room hotel to the historic downtown building, also hinges on approval of an $11.3 million federal loan through the U.S. Department of Housing and Urban Development.

Focus

Indiana ports set records in 2014

Ports operated by the state set shipping records last year, according to Ports of Indiana, the quasi-government body that operates ports at Burns Harbor on Lake Michigan, and at Jeffersonville and Mount Vernon on the Ohio River.

Strong dollar divides economy into winners, losers

Hoosier businesses and consumers face a dynamic not seen in a generation—a dollar significantly more muscular than many competing currencies. Experts predict the dollar’s clout and the pros and cons of that power will endure for a year and possibly as long as three.

How to beat the export blues? By playing up old strategies

An Indianapolis exporter that stood to take a hit from the strong dollar is faring well, thanks to a strategy honed in two prior cycles when the currency stood tall.

Indy maps out export plan

The Indianapolis area could see exports rise if a plan released Feb. 21 succeeds.

A&E, etc.

LOU'S VIEWS: IRT basks in mystery with sumptuous 'Hound of the Baskervilles'

This adaptation, by R. Hamilton Wright and David Pichette, largely takes Sir Arthur Conan Doyle at his words, honoring his best-known Holmes adventure with a patiently paced, witty-but-not-silly script.

DINING: Bent Rail Brewery worth visiting even without its own taps flowing

Bent Rail Brewery is not officially the cafeteria for The Speak Easy. But it might as well be.

LOPRESTI: One-time Butler walk-on finishing the fairy tale

Alex Barlow, the "Guy Who Beat No. 1 Indiana," is more than a one-shot wonder.

Opinion

EDITORIAL: Indiana legislators fail us again

Prohibition died 82 years ago. Indiana’s maddening blue laws live on.

KIM: 'Mini-tenders' not part of investor Happy Meal

Mini-tenders are often used to catch small investors off guard and take advantage of their lack of knowledge.

MAURER: Public prayers can still turn ugly

Winning friends and influencing people works best if you don't condemn them to Hell.

RUSTHOVEN: Preschool works; let’s move ahead

Our City-County Council will soon address funding for Mayor Greg Ballard’s preschool education initiative, the next step toward making it a reality. That step should be taken.

THOMAS: Work sharing calms economic waves

The best way to stimulate the economy is by keeping workers on the job through work sharing. The return is greater than infrastructure investments or tax cuts, according to Moody’s Analytics.

FEIGENBAUM: ‘Killer amendments’ waylay expected policy changes

Veteran legislative observers had felt the timing was right this year for two policy changes long overdue.

RACE: An agenda for evolving great Indy neighborhoods

One-size-fits-all solutions don't work for urban neighborhoods.

Utilities make power grab

Across the country we have witnessed utility crusades to stomp out competition from rooftop solar. Now, in Indiana, we see an unprecedented attack by utility companies like AEP, Duke and Vectren to maintain their monopoly status.

Compromise on school funding

Fix the way Indiana funds public schools, indeed [Feb. 23 Steve Freeland Viewpoint]!

Pence development fund deserves another look

Indy Chamber knows that affordability and ease of doing business are important economic development assets. But we also know that we live in a talent-driven economy—and our strategy for growth and jobs must adapt.

In Brief

Sun King puts proposed $8.8M Fishers brewery on hold

A proposed Sun King Brewing Co. expansion in Fishers has been delayed as the brewer awaits legislation involving barrel limits and sorts through environmental issues at the site.

Legislator: Sunday alcohol bill 'did not have the votes'

Indiana will keep the distinction of being the last state with a "blue law" banning Sunday carry-out alcohol sales after the sponsor of a bill that would have lifted the ban said Tuesday the measure is dead.

Speaker kills bill criticized as detrimental to solar usage

House Speaker Brian Bosma, R-Indianapolis, has killed a bill that critics say would have depressed the use of solar and other alternative energies.

Carmel consulting firm to add about 30 local workers

Consulting firm enVista LLC plans to hire about 60 employees this year, with about half of those at its Carmel headquarters, the company announced Tuesday.

Feds finally end probe into Lilly bribery allegations

The U.S. Department of Justice told Lilly last month its investigation was over—more than a year after the drugmaker paid $29 million to the SEC to settle related bribery allegations.

Records

Records

Records for March 2-8, 2015.

Blogs

IBJ Movie Night: Score tickets to 'The Second Best Exotic Marigold Hotel'

Enter to win passes to an advance screening of the sequel, starring Maggie Smith, Richard Gere, and Dev Patel.

Chef Dan's opens non-rolling eatery in Irvington

The Cajun eatery, spawned from a popular food truck, opened Feb. 26 at 5539 E. Washington St. in the space formerly occupied by Roll With It Bakery.

IndyCar Series takes center stage in latest Will Smith movie

Leading up to the Feb. 27 opening of the movie "Focus," several IndyCar Series race markets hosted private screenings organized by Warner Bros. Show cars will be present at screenings and IndyCar drivers are introducing the film in major markets.

Carmel sets launch for bike-sharing service, Fishers could follow

Carmel is poised to become one of the few cities in the state with a bike-sharing program, but other communities including Fishers are hot on its heels.

Killing obesity without coercion

Top-down culture change only works in North Korea, says the head of a group of local CEOs that is working broadly and subtly, not tyrannically, to improve Indy's culture of eating and exercising.

A&E, etc.

State park nears deal to acquire GM land for concert venue

The White River State Park intends to buy part of the former General Motors stamping plant site and might build a concert venue there to replace The Farm Bureau Insurance Lawn.

DINING: Bent Rail Brewery worth visiting even without its own taps flowing

Bent Rail Brewery is not officially the cafeteria for The Speak Easy. But it might as well be.

LOPRESTI: One-time Butler walk-on finishing the fairy tale

Alex Barlow, the "Guy Who Beat No. 1 Indiana," is more than a one-shot wonder.

Pence not saying exactly where he stands on gambling bill

Gov. Mike Pence has been firm that he doesn’t want an expansion of gambling operations in the state. But he has not been clear about what he means by “expansion.”

More A&E, etc.