Last Updated Wed., November 26, 2014 - 11:11 AM

Fifth person pleads guilty in Lilly warehouse heist

Associated Press
Prosecutors say the theft from an Eli Lilly and Co. warehouse in Connecticut involved up to $100 million in prescription drugs. More.

Despite rise in fortunes, holiday shoppers to spend cautiously

Associated Press
Gas prices may be hovering at a four-year low, but Americans are paying more for food, health care and other costs. Unemployment is low, too, but then so is wage growth. More.

Production boost eyed at auto parts plant

Associated Press
An auto parts supplier is planning a $10 million project that could add more than 70 jobs at a northeastern Indiana factory. More.

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. More

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) More

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) More

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. More

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. More

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. More

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

Pro athletes' charities often have limited life spans

Wealth and fame often lead professional athletes to share their success in the charitable arena, but those efforts rarely last much longer than their careers as the organizations struggle to survive in an already-crowded philanthropic field. More

Critics: City's effort to help ex-offenders ineffective

Three years after Indianapolis Mayor Greg Ballard launched a city office designed to help ex-offenders avoid a repeat prison visit, some of those original supporters say the city’s Office of Re-Entry Initiatives not only has fallen short of that goal but has accomplished little else. More

CEOs see stock windfall after market crash

Executives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three years ago. With searchable database. More
More Special Reports
Last Updated Wed., November 26, 2014 - 11:11 AM

Fifth person pleads guilty in Lilly warehouse heist

Prosecutors say the theft from an Eli Lilly and Co. warehouse in Connecticut involved up to $100 million in prescription drugs. More

Despite rise in fortunes, holiday shoppers to spend cautiously

Gas prices may be hovering at a four-year low, but Americans are paying more for food, health care and other costs. Unemployment is low, too, but then so is wage growth. More

Production boost eyed at auto parts plant

An auto parts supplier is planning a $10 million project that could add more than 70 jobs at a northeastern Indiana factory. More

U.S. Supreme Court to review EPA power-plant standards

The U.S. Supreme Court is stepping into a new case about Obama administration environmental rules, agreeing to review a ruling that upholds emission standards for mercury and other hazardous air pollutants from coal- and oil-fired power plants. More

Obama administration to propose stricter smog standard

The stricter standards could make it one of the most expensive regulations ever issued, with an estimated $19 billion to $90 billion price tag and double the number of counties in violation. More

U.S. 31 reopens in Carmel after eight months of work

A stretch of U.S. 31 through the northern suburbs of Indianapolis reopened to traffic Tuesday after being closed since April. More

Maryland, Rutgers appear to be good fit in Big Ten

Maryland and fellow newcomer Rutgers have enjoyed success on the field and at the ticket window during their inaugural season in the Big Ten. More

Turner officially resigns from Indiana House

As promised, State Rep. Eric Turner has resigned his Indiana House seat following a Statehouse scandal that has placed ethics reform at the center of the 2015 session. More

IRS workers to receive bonuses of 1 percent

A Treasury Department investigation concluded that previous bonuses totaling $2.8 million had gone to more than 2,800 employees found to have broken agency rules of conduct, including 1,100 employees who owed back taxes. More

U.S. economic growth revised up for third quarter

The U.S. economy grew at a solid 3.9-percent annual rate in the July-September period, according to the latest estimate, possibly giving the country its strongest six months of growth in more than a decade. More

Ivy Tech eyes home for expanded auto tech program

Ivy Tech Community College is planning to build a state-of-the-art automotive technology training center at a former Anderson car dealership for $1.4 million with space for about 200 students. More

New FDA rules will put calorie counts on menus next year

The rules deal a blow to the grocery and convenience store industries, which have lobbied hard to be completely exempted since the menu labels became law in 2010 as a part of health overhaul. More

Indiana BMV asks drivers to return too-high refunds

The latest accounting error at the Indiana Bureau of Motor Vehicles left the agency asking some drivers Monday to return excessive refunds they've received after being overcharged on excise taxes when registering their vehicles. More

UPDATE: Indiana Supreme Court hears bus fees case

Indiana Supreme Court justices quizzed lawyers in a case over school busing fees Monday about the limit of the state's constitutional guarantee of a free public education. More

Health care deals lead big year for M&A activity

The health care industry has announced about $438 billion worth of mergers and acquisitions worldwide so far in 2014, about 14 percent of the $3.2 trillion total for all industries. More

Pence's stances increasingly show his social conservatism

Pence opened last week by calling his decision to drop a food-stamp waiver "ennobling" for the poor and capped it with a call for legal action to block Obama's immigration changes. More

PGA taps first female officer, future president

A month after firing Franklin's Ted Bishop for insensitive remarks, the PGA picked 48-year-old Suzy Whaley as the first female officer in the PGA of America's history. More

House GOP sues administration over health care law

House Republicans say the Obama administration overstepped its legal authority in carrying out the Affordable Care Act. More

Another county balks at leasing Indiana Toll Road

The St. Joseph County Commissioners on Thursday rejected joining Lake and LaPorte counties in a multi-county consortium trying to lease the Indiana Toll Road. More

Indiana ethics chief seeks changes after scandals

Indiana Inspector General David Thomas is asking for improved disclosure and ethics rules for state officials in the wake of a trio of Statehouse scandals. More

BMV excise tax refund to cost counties $19 million

BMV spokesman Josh Gillespie said the $19.2 million represents about 2 percent of the total excise tax revenue that counties normally receive over a two-year period. More

Child services agency missing caseload standard

Doris Tolliver, the agency's chief of staff, told the State Budget Committee on Wednesday that only one of its 19 regions is meeting the workload standards for case workers. More

Thanksgiving getaway: 46.3 million to hit the road

During the Thanksgiving holiday weekend, 46.3 million Americans are expected to travel 50 miles or more from home, the highest number since 2007, according to car group AAA. More

Indiana taking applications for preschool program

Indiana's preschool pilot program will begin in January with about 400 openings available in four of the state's largest counties, the program said Wednesday. More

Ex-exec says INDOT ignored problems with Amtrak line bid

A former executive with a company once in the running to manage an Amtrak line between Indianapolis and Chicago said the company lacked financing and experience. More

Kruzan won't seek 4th term as Bloomington mayor

Before being elected mayor of Bloomington in 2003, Mark Kruzan was a member of the Indiana House of Representatives from 1986 to 2002. When he left the Legislature, he was House majority leader. More

Anthem cited for misrepresenting doctor networks in California

In the case of Anthem, 12.5 percent of doctors were not at the address listed for them, while 12.8 percent were not willing to accept the health plans purchased on the exchange. More

Two counties balk at leasing Indiana Toll Road

Elkhart County and LaGrange County aren't ready to join a proposed seven-county effort to lease the Indiana Toll Road. More

New Indiana state treasurer takes office early

Republican Kelly Mitchell has taken office early as Indiana's state treasurer to fill the final weeks of Richard Mourdock's term. More

Ex-state GOP chief declines Indianapolis mayor bid

Murray Clark had been among the most prominent Republicans mentioned as possible candidates for the party after Mayor Greg Ballard announced he wouldn't seek election to a third term. More

Consumer office opposes Duke Energy's $1.9B Indiana plan

Indiana's utility customer advocate says regulators should reject Duke Energy Corp.'s proposal for a $1.9 billion electric grid upgrade in the state. More

Casket competitors settle lawsuit for $17M, fees

An Indiana-based casket manufacturer has agreed to pay a Pittsburgh-based competitor to settle claims it stole customers and employees, and interfered with business operations. More

IU president seeks more study abroad for students

Indiana University's president says he wants to see 40 percent of students at the Bloomington campus take part in study-abroad programs in the coming years. More

Feds OK extension of original Healthy Indiana Plan

Federal officials have approved a renewal of Indiana's Medicaid-covered health saving accounts for low-income residents through next year. More

Chamber to push appointed schools chief, Sunday booze sales

The Indiana Chamber of Commerce wants the state schools superintendent to be appointed by the governor in 2016, setting the stage for another acrimonious education battle. More

Indiana panel takes up schools taken over by state

An Indiana committee that's tracking student progress at several struggling public schools taken over by the state is close to wrapping up its work for the year. More

Indiana office furniture maker to shut down plant

A southern Indiana company that makes wooden office furniture is closing its doors after more than six decades, costing more than 80 workers their jobs. More

Dem, GOP leaders see competing strategies for 2016

Democrats will have to pick their battles and Republicans will have to continue showing they can lead in order for their respective parties to win in 2016, the state's party chairmen say. More

Indiana's college graduate's average debt: $28K

That per-student figure was the 16th highest among the 50 states, according to The Project on Student Debt report put out by The Institute for College Access & Success. More

U.S. retail sales rise ahead of holiday shopping

The Commerce Department said Friday that retail sales rose 0.3 percent last month after falling by the same amount in September. More

Ohio high court to hear 'jock tax' case brought by ex-Colt

In a case involving retired Indianapolis Colts center Jeff Saturday, the Ohio Supreme Court says it will hear arguments for and against Cleveland's so-called "jock tax" early next year. More

Anderson board backs $11M toward new Purdue center

Officials in Anderson are backing plans to build a 94,000-square-foot building to house the proposed Purdue University technology education center. More

Average college tuition prices continue to creep up

When adjusted for inflation, students are paying more than triple what students paid 30 years ago to attend a public, four-year institution. More

Investment bank may lead counties' toll road bid

A northern Indiana county's commissioners have turned to an investment bank to lead a proposed seven-county consortium that would bid on the Indiana Toll Road's lease. More

Ex-U.S. attorney announces Indianapolis mayoral bid

Former U.S. Attorney Joe Hogsett invoked the spirit of the late Robert Kennedy on Wednesday when he announced he's seeking the Democratic nomination for mayor of Indianapolis. More

Lawmakers recommend cutting equipment tax

A panel of Indiana lawmakers is recommending the state eliminate the business equipment tax for small businesses. More

Purdue economist: Turkeys slightly more expensive this year

A Purdue University agricultural economist says Thanksgiving food shoppers will find adequate supplies of turkeys but possibly at slightly higher prices. More

Bridgestone's consolidation plan to cost Carmel 400 jobs

Bridgestone Americas Inc. plans to relocate three business units, including Firestone Building Products and Firestone Industrial Products in Carmel, into a new headquarters in Nashville, Tennessee. More

Appeals hearing set for ex-Indiana elections chief

The next step in former Indiana Secretary of State Charlie White's fight to overturn his voter fraud conviction is set for next month. More

Airlines prepare for busiest holiday travel period in years

U.S. airlines expect to carry 24.6 million passengers over the 12 days surrounding Thanksgiving, up 1.5 percent from last year. More
Last Updated Wed., November 26, 2014 - 11:11 AM

NOVEMBER 24-30, 2014


Ball State-birthed musical aims for Broadway

If the team behind “The Circus in Winter” has its way (and if enough money can be raised and script kinks worked out), the Ball State University-incubated musical might be the first Tony award winner conceived as a collaborative class project. More

Front Page

Financing strategy for roads hits bump

A standard-bearer of public-private partnerships since former Gov. Mitch Daniels’ toll road lease, Indiana might be turning away from at least one form of the P3s. More

Municipalities including Westfield join trademark game

Legal brand protection is all but required in the corporate world, where businesses must guard against unauthorized use of the brands they’ve invested time and resources to build. Now, the public sector increasingly is following suit as communities work to establish identities of their own. More

Top Stories

Orange Leaf franchisee seeks $33M in suit

A dispute between one of the nation’s largest frozen yogurt chains and a local franchisee has sparked dueling lawsuits, in one of which the franchisee is seeking $33 million in damages. More

Settlement reached in Steak n Shake franchisee suit

It's not clear whether the settlement Steak n Shake has reached with St. Louis-based Druco Restaurants will give the franchisee more leeway on pricing. More

Electronic rubber duckie boasts smartphone smarts

Two Carmel-based entrepreneurs created Edwin the Duck, which they bill as the world’s first interactive rubber duck. The prototype has already piqued the interest of Amazon, Bed Bath & Beyond and other retailers, the inventors said. More

UnitedHealthcare to test dominance of WellPoint

After sitting on the sidelines this year, UnitedHealthcare is getting back into Indiana’s individual-insurance game. More

Palladium contractors to pay $5.3M to settle suit

The Carmel Redevelopment Commission has agreed to settle a lawsuit over defects in the Palladium’s domed roof. More

Hoosier Lottery loses money on new Monopoly game

Sales of the Monopoly Millionaires’ Club have been too low to cover weekly jackpot drawings since the game launched in October in Indiana and 22 other states. More


Hillenbrand sees rare progress in controlling workers' weight

Hillenbrand is making headway at a time when most corporations reap little improvement for their investment in wellness programs. More

A&E, etc.

LOPRESTI: Vinatieri seems ageless, but these numbers don't lie

The NFL's oldest player is kicking field goals with an accuracy that needs no improvement. More

DINING: New Fishers joint showcases sizable hearty burgers, lots of TVs

For some, the number of screens Bubba's 33 boasts about might be appealing. For others, it adds up to sensory overload. More

LOU'S VIEWS: Theater road trip includes outstanding revival of Bernstein classic

Broadway "On the Town" revival pulls out stops; "Holiday Inn" in Connecticut feels obligatory More


MAURER: Go back 100 years—not much has changed

The things that divided and united us are still present as we approach the state's bicentennial. More

RUSTHOVEN: More to come from Gruber's open mouth

MIT professor Jonathan Gruber, once lauded by the left as “architect of Obamacare,” is now unpopular. Seems he can’t stay mum about the actual architecture. More

TEASLEY: A path out of charter school chaos

Indiana’s charter schools offer a quality option for families, but the movement is on unsteady ground today, and understandably so. More

Kim: Distributions can sting mutual fund investors

U.S. mutual funds are required to “distribute” realized capital gains and income to shareholders at least annually, making this a tricky time of year for investors to buy shares in taxable accounts. More

Hicks: Economist's 'truthiness' unmasks Obamacare

Jonathan Gruber’s micro-simulation economic model is highly sought after because it replicates the version used by the U.S. Congressional Budget Office. Thus, it can be used to outwit that organization’s candid assessment of the effects of a policy proposal. More

Lawmakers earn citizens' contempt

I found much to agree with in Sheila Suess Kennedy’s Nov. 15 column “A culture of contempt.” Voter turnout, particularly in midterm elections, is embarrassingly low, partisan rhetoric supersedes intelligent discussion of the issues impacting voters and there is a dearth of truly engaging candidates. More

In Brief

Rolls-Royce to eliminate 200 plant jobs, trim engineering force

Indianapolis-based employees have been offered voluntary severance packages as the global engine maker follows through on plans to eliminate about 2,600 positions company-wide. More

Hipskind tapped for Fifth Third post

Hipskind, 47, who will lead Indian's central and northeast regions, is a 20-year veteran of the local banking industry. More

Feds charge Deca Financial founder in $5M fraud

Federal prosecutors on Wednesday filed bank fraud, wire fraud and bankruptcy fraud charges against the founder of defunct Fishers collection agency Deca Financial. More

KAR CEO Hallett honored as E&Y entrepreneur of year

E&Y honored Hallett for transforming a traditional auto auction company that used technology into a technology company that runs auctions and provides other services to the auto industry. More

Airport to market 1,200 acres for sale or development

The 1,212 acres slated for disposal are valued at $83 million and could generate annual tax revenue of $1.7 million, according to the airport’s own estimates. More


Indianapolis-based HHGregg Inc. is a specialty retailer of consumer electronics, home appliances and furniture. More



Records - Nov. 24, 2014

Records listings from the Nov. 24, 2014, issue of IBJ. More


NY Times knocks Mellencamp/King's 'Ghost Brothers of Darkland County'

The tour of the "Southern Gothic supernatural musical," launched in Bloomington in 2013, played the Big Apple for a one-nighter as part of its ongoing tour. More

Bank taking ground level of Broad Ripple office project

New Castle-based Ameriana Bank will open its first Indianapolis branch as part of a redevelopment along North College Avenue where two homes were demolished to make way for the project. More

Pacers, McDonald's launching splashy ad campaign

A new campaign touting the blue and gold and the golden arches will be featured on 130 billboards, and on menu boards and employees' uniforms at 158 McDonald’s restaurants across the region. More

Fishers council set to vote on first mayor's salary

Fishers’ first mayor will be paid more than the chief executives of nearby suburban cities if the Town Council approves a 2015 salary ordinance set to be introduced Monday. More

Is workplace wellness worth it?

Believe it or not, wellness is now a minefield for businesses. The Equal Employment Opportunity Commission has taken up three lawsuits against companies because of their wellness programs. And new research finds that wellness programs probably cost employers money. But many still see corporate value in wellness. More

A&E, etc.

NY Times knocks Mellencamp/King's 'Ghost Brothers of Darkland County'

The tour of the "Southern Gothic supernatural musical," launched in Bloomington in 2013, played the Big Apple for a one-nighter as part of its ongoing tour. More

N.J. lottery misses revenue goal under private manager

New Jersey was the third state after Illinois and Indiana to bet that outside marketing and sales experts could tap hidden lottery riches. The state uses the same private manager as Indiana. More

Thoughts on 2 returning favorites: IRT's 'A Christmas Carol' and ICB's 'Evening with the Stars'

Scrooge and company retake the stage while some of the top ballet dancers in the world converge for a Clowes Hall one-nighter. More

LOPRESTI: Vinatieri seems ageless, but these numbers don't lie

The NFL's oldest player is kicking field goals with an accuracy that needs no improvement. More

More A&E, etc.