Last UpdatedWED., MARCH 10, 2010 - 11:56 AM
Water

Official: Promised rate reduction key in $1.9B city water, sewer deal

11:58 am
Cost savings from combining three utilities helped give Citizens Energy Group an advantage in the deal to take over Indianapolis' water and sewer operations, said Michael Huber, the city’s director of enterprise development. More.

Logistics firm CEVA to lay off 250 workers in Plainfield11:40 am

Jeff Newman
CEVA Logistics U.S. Inc. plans to permanently lay off nearly all of its workers at its warehouse operations in Plainfield, resulting in the loss of more than 250 jobs.More.

Indiana's jobless rate holds steady at 9.7 percent10:39 am

Scott Olson
The state's unemployment rate in January remained unchanged from the seasonally adjusted figure of 9.7 percent Indiana reported in December. More.

Delta Faucet cutting 40 more jobs at Greensburg plant 09:54 am

The Carmel-based company said its decision to consolidate machining activities at a plant in Tennessee is driven by weak retail sales and a sluggish housing market. More.
MARCH 8-14, 2010
thisissue1-030810.jpg Indianapolis Business Journal March 8, 2010

Market surge doesn't lift Lilly EndowmentRestricted Content

Lilly Endowment's resistance to diversify its holdings reached a new height last year, as it failed to sell a single share of the underperforming Eli Lilly and Co. stock while the broader market surged.More.

Simon Property CEO uses hard-nosed style to excel at acquisitions

David Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property Group Inc. into the nation's largest mall owner—is trying to land his biggest deal yet.More.

Legal battle over Simon estate plan puts big gifts in limbo

Billionaire mall developer Melvin Simon wanted to leave the Jewish Federation of Greater Indianapolis $10 million, but it could be up to his widow, Bren Simon, whether to fulfill that wish.More.

Fair Finance trustee to make life tough for people on loan listRestricted Content

Borrowers from Tim Durham's bankrupt finance company will face heavy-handed collection tactics.More.

Indians ready to score with Comcast, Brighthouse TV dealRestricted Content

A full season of televised games will give franchise a platform to promote attendance at Victory Field.More.

PANEL: Progress is being made on environmental issues in state

New Watch Video iconExperts say Indianapolis is moving forward on recycling, that environmental research is discovering promising technologies, and that manufacturers are finding new things to make. Local cognoscenti from the green community testify to these developments in five included videos.More.

DINING: With a bit of pluck, wing chain takes first Indy outpost

Second in our month-long series of reviews of animal-named eateries. This week: Buffalo Wings and Rings.More.

BENNER: Erskine shows us why he's a Hoosier gem -- twiceRestricted Content

Carl Erskine isn't just from Anderson, Indiana. He is Anderson, Indiana.More.

MAURER: WellPoint's Braly bravely takes on fussRestricted Content

Wellpoint CEO Angela Braly was criticized by President Obama on national television. She incurred the wrath of health insurance policyholders in California and Indiana. She reignited debate on the moribund national health care reform bill. A woman hasn’t caused this much turmoil since all those ships were launched by Helen of Troy.More.

SHOBERT: Who's your in-house entrepreneur?

Times like this are ripe for pioneering activities. Now that your business knows it can operate profitably even in a down economy—no small thing—the next question is what you need to be doing to grow.More.

HICKS: Courage will be necessary to curb inflationRestricted Content

Inflation causes lenders to raise interest rates. Businesses slow their borrowing, produce less and require fewer workers. Within a year or so, inflation becomes everyoneâ??s problem.More.

United Way contrast didn't work

It is unfair to contrast the $1.32 that the townships spend to give away a dollar, with the United Way spending 16 cents. As I understand it, the townships are giving poor relief directly to individuals and families. United Way gives their money to agencies.More.

Uncertain tax climate could hurt business

Each day, it seems, something new is said by the Obama administration on how best to curb greenhouse gases, whether that be through a harmful “cap and trade” program or, even worse, stifling Environmental Protection Agency regulation.More.

Barron's magazine names state's best financial advisers

The majority of the top advisers work for Merrill Lynch, and all but two live in Indianapolis.More.

USA Football touring city, considering moving HQ here

USA Football officials toured Indianapolis and met major sports brass on Feb. 26 and are considering several local sites, including the former Citizens Gas facility on the southeast side, to be its new home. The organization, part-owned by the NFL, is set to move from its Virginia home later this year.More.

PROXY CORNER: Hurco Cos. Inc.

Hurco Cos. Inc. designs and produces interactive computer controls, software and computerized machine systems for the worldwide metal-cutting and metal-forming industry.More.

Records

Public records listing from the March 8, 2010, edition of IBJ.More.

Low-profile CIB leader embraces tough financial task

Lathrop Watch VideoAnn Lathrop's interactions with the Indiana Pacers and Indianapolis Colts aren't what she might have envisioned as a young college student pursuing a career in sports medicine. Now president of the city's Capital Improvement Board, her relations with the teams are tied to their financial conditions rather than the health of their players.More.

Rapid growth makes Aprimo candidate for another try at IPORestricted Content

Robust growth at marketing software maker Aprimo is fueling speculation it is about to make another run at going public, and co-founder Bill Godfrey said he won't rule out the possibility of an IPO.More.

Job searches dragging on a year later

Out of six professionals IBJ profiled a year ago, three have found jobs, although all have accepted lower pay than they were getting before. One could not be reached, but she still lists herself as looking for work on LinkedIn.com. Two tried to start their own businesses, with one giving up and one, Bruce Flanagan, still trying.More.

Bottled-water company ramps up production in PlainfieldRestricted Content

Niagara Bottling LLC recently hired 55 for its plant on Whitaker Road, which will make half-liter bottles of purified municipal tap water.More.

Timber industry seeks respect, profit from 'green' standards

Why should bamboo imported from Asia or steel made through intensive use of energy be consider greener than locally grown trees? timber interests ask.More.

LOU'S VIEWS: Bill T. Jones' company dances through history at IU

A few weeks back, I wrote about the two collections of Abraham Lincoln memorabilia on display at the Indiana State Museum. Over the past week, two additional encounters with Abe reminded me that there is no shortage of material to be mined from the life of the 16th president.More.

HETRICK: Like natural disasters, aftershocks of grief lingerRestricted Content

Five years ago this week, I took figurative bullets to the head and heart. My personal Richter scale was shaken more violently than by any tremor ever measured on any anthill, or Port-au-Prince or Concepción.More.

EDITORIAL: Run for president, Gov. Daniels

Gov. Mitch Daniels should step through the door he cracked open last month and throw his hat in the ring. Voters would benefit from a new voice.More.

MARCUS: Hoosiers hear gospel of gambling

Gamblers wagered nearly $30 billion in 13 Indiana casinos last year. Now, fellow taxpayers, if I understand these numbers, 91 percent of these dollars were returned as winnings and an additional $876 million (3 percent) went to our state and local governments for our benefit.More.

FEIGENBAUM: Session heads toward early, quiet completion

The buzz as the days ran out suggested that nothing on the agenda was “must-pass” legislation, leaving Democrats and Republicans, the House and the Senate, and the governor and the General Assembly with little leverage to exert.More.

SKARBECK: Financial reform should start with derivativesRestricted Content

At the very least, regulators need to get control of derivative trading—transactions need to be more transparent and carried out on an exchange.More.

Katterjohn will be missed

As the kid said to Shoeless Joe Jackson, “Say it ain’t so, Joe!” But I know it is so since I read Chris Katterjohn’s [March 1] column stating that he is leaving IBJ.More.

Developers line up for Westfield sports complex

Westfield’s Sports Commission is evaluating proposals from three firms interested in helping the town become “The Family Sports Capital of America.”More.

Motorsports park proposed for southwest side of Indy

Plans call for a Motocross track, one-fifth-mile dirt track and ATV trails on 36 acres near Interstate 465 and Mann Road.More.

Consumer group touts financial benefits of energy efficiency

Opponents of energy/climate change legislation—which has predominantly been in the form of so-called cap-and-trade legislation—aren’t convinced.More.

People in the news - March 8, 2010

People listings are free.More.
durham-big-pic.jpg Tim Durham

Related-party loans pile up at Durham-owned finance firm

Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven years ago, and now he, his partners and related firms owe it more than $168 million, records show.More.

Grad students dream up plans for mass transitRestricted Content

Architecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling than the Central Indiana Regional Transit Authority's principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running a diesel commuter train atop the old Nickel Plate Railroad corridor.More.

Hospitals suffer from spiking bond interest rates, investment lossesRestricted Content

Indianapolis-area hospitals have suffered a double whammy of spiking interest rates on their bonds and heavy losses in their investment portfolios and are trying to save cash any way they can.More.

SPECIAL REPORT: Charter Homes draws scrutiny for odd sales claims, multiple liens

Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.More.

At most Indiana public firms, CEO pay hasn't fallen with stockRestricted Content

Most public companies say they tie executive compensation to performance, but an IBJ review of pay data from 65 Indiana-based firms shows otherwise. Last year, more than two-thirds of Indiana-based public companies saw their share prices decline, yet many continued to award eye-popping compensation to their executives.More.

SPECIAL REPORT: Financial travails dog 'mystery man' at helm of Premier Properties

An IBJ review of hundreds of pages of public records shows Christopher P. White and his Premier Properties USA Inc. are facing major financial and legal challenges. The most glaring signs of trouble: Contractors have filed more than $3.5 million in liens against Premier’s retail properties in Plainfield; the state of Indiana is trying to recover $375,000 in sales taxes on White’s airplane; and the contractor who renovated his Lake Clearwater mansion is suing him to recover more than $600,000 in unpaid bills.More.

Half of state's public-company CEOs saw pay rise in '08, but value of stock options fell

For investors, 2008 was the worst year since the Great Depression. Even so, more than half of the state's public-company executives saw the value of their pay packages rise from 2007—despite the fact that only 10 of the companies posted a positive total return in 2008, and 46 companies shed more than one-third of their stock market value.More.

Simon family's interests helped city thrive, but taxpayers paid the price

The Simon family's role in building the city has come at a steep price for taxpayers. Simon and its business interests in the last 20 years have collected local government incentives worth more than $400 million, an IBJ tally of those deals shows.More.

Indianapolis shows up peer cities in attracting the young and educated

Cities must woo people while they’re young—in their 20s or early 30s—because after that age, people tend to hunker down. The Indianapolis area apparently appeals to at least two key groups of young people—particularly those already married, according to a new study by researchers at IUPUI.More.

IUPUI faces tough decisions over aging sports facilities

IUPUI is grappling with how to pay for upkeep and improvements necessary to keep its three world-class athletic facilities—and the city—in the hunt for high-profile sporting events.More.

SPECIAL REPORT: Center Township trustee taps taxpayers for millionsRestricted Content

At an aging building at 863 Massachusetts Ave., they pass through a metal detector and wait in line to show a clerk their identification and copies of overdue bills. Center Township Trustee Carl Drummer sometimes helps. The Trustee's Office received an average of $6.9 million each of the last seven years, mostly from taxes, to provide poor relief-now known as township assistance. But only about $2 million reached the penniless each year, with much of the difference covering administrative overhead....More.

SPECIAL REPORT: Critics question trustee's property portfolio given mission to help needyRestricted Content

It sits across Massachusetts Avenue from a strip of art galleries and shops, on increasingly valuable land merchants would love to see transformed. "Having an abandoned building in your neighborhood isn't a good thing, and that's what it looks like," said Tom Battista, who owns the retail strip just north of College Avenue. The multimillion-dollar Mass Ave property is one of 16 mostly untaxed parcels the township owns. All told, Center Township's real estate holdings are worth more than $10...More.
Last UpdatedWED., MARCH 10, 2010 - 9:39 AM

Meatpackers say inspection cuts will hurt small businesses09:38 am

Indiana's plan to lay off some meat inspectors has small, independent processors fearing for the future of what has been a growing industry.More.

Indiana closer to eliminating anti-smoking agency

The plan approved by the Republican-controlled Senate would transfer the duties of the Tobacco Use Prevention and Cessation board to the State Department of Health.More.

Talks resume at Statehouse after brief impasse

Negotiations on some major issues resumed in the Indiana General Assembly on Monday after a meltdown occurred last week.More.

Express lane opens for I-465 widening project

The lane opened Monday for eastbound traffic on I-465 from U.S. 31 (Meridian Street) to just past the Allisonville Road interchange.More.

Indiana General Assembly still at an impasse

The Republican-controlled Indiana Senate kept working Friday while House Speaker Patrick Bauer adjourned his Democrat-led chamber until Wednesday.More.

Unemployment rate stays flat as nation sheds 36,000 jobs

The Labor Department figures suggest the job market is slowly healing but that significant hiring has yet to occur.More.

Indiana lawmakers fail to wrap up session

Lawmakers hoped to adjourn by midnight, days before a March 14 statutory deadline for finishing business, but are still bogged down on several issues.More.

Workplace guns bill gets final legislative OK

The Indiana General Assembly approved a bill that lets workers keep firearms locked in their cars in trunks or out of sight while parked on company property.More.

Indiana lawmakers still hoping to adjourn Thursday

Lawmakers are close to a compromise on a work-site guns bill, but remain farther apart on several other issues.More.

RV company reopening northern Indiana factory

Middlebury-based Jayco Inc. said Wednesday that it expected to resume production in May at its Topeka factory and hire 50 workers there this year.More.

Creditors: General Growth biased toward Brookfield proposal

General Growth Properties Inc. may favor a risky bid from Brookfield Asset Management Inc. because of that company’s agreement with William Ackman’s Pershing Square Capital Management LP, creditors said in court documents. Simon Property Group also has bid to acquire the bankrupt company.More.

Ethics bill gets final legislative approval

The most sweeping bill in years to tighten Indiana ethics and lobbying rules goes to Gov. Mitch Daniels for his likely signature into law after a 97-0 vote.More.

Indiana tax collections for February down $86 million

Tax collections for February fell $86 million below a revised December forecast. Revenue is down $166 million in the first three months since that forecast.More.

Consumer group sues Anthem over policy changes

A consumer watchdog group filed a lawsuit Monday against WellPoint's California subsidiary on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.More.

Indiana Senate strips jobs provisions from bill

Republican leaders in the Indiana Senate stripped several tax credits and other measures to create jobs from an unrelated agricultural bill Monday.More.

Construction spending falls again

Construction spending fell for a third straight month in January as a slight rebound in housing was not enough to offset widespread weakness in a number of commercial areas.More.

Protest at Evansville Whirlpool plant draws 1,500

Company shuttering plant, moving work to Mexico.More.

Biden to announce retirement savings safeguards

The Obama administration on Friday is proposing regulations aimed at protecting workers' retirement savings.More.

Indiana Senate approves plan to cut township boards

The bill now likely will go to a House-Senate conference committee to try to resolve the House-passed and Senate-approved versions of the bill.More.

Ethics bill clears Senate with unanimous support

The most sweeping Indiana legislation in years to tighten ethics and lobbying rules cleared the state Senate 50-0 Thursday and appeared headed soon to Gov. Mitch Daniels for his signature.More.

Weather blamed for unexpected rise in jobless claims

New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of claims caused by snowstorms the previous week.More.

House approves smoking ban in public places

The House has approved legislation that would ban smoking in public places statewide except casinos and pari-mutuel horse racing venues.More.

General Growth plans to split in two to exit bankruptcy

General Growth Properties Inc. plans to split in two to exit bankrupty and will receive $2.63 billion in capital from Brookfield Asset Management IncMore.

State Fair to feature Japan

Gov. Mitch Daniels said Tuesday that this August's fair will showcase Indiana's relationship with Japan.More.

IU fund-raising campaign meant to expand IUPUI, life sciences

Indiana University's president says IU this fall will launch a $1.1 billion fund-raising campaign aimed at expanding the IUPUI campus' life science programs.More.

Lilly, Merck, Pfizer starting research center

Three major U.S. drugmakers said they have formed a not-for-profit company in Asia to focus on cancer research and treatments.More.

Report: Brookfield plans bid for Simon target General Growth

Brookfield Asset Management Inc. plans to bid for a stake in General Growth Properties Inc., beating an offer by Indianapolis-based Simon Property Group Inc. for the bankrupt shopping mall owner, the Wall Street Journal reported.More.

A closer look at WellPoint's health insurance profits

At the heart of the debate is the question of what should be a fair profit for health insurers. WellPoint CEO Angela Braly will likely be grilled on the issue when she appears at a Congressional hearing Wednesday.More.

Gambling, jobless-insurance bills face deadline in Legislature

Both measures could be heavily amended before they are voted on as a whole.More.

Truck-parts plant's closure to put 225 out of work

Accuride Corp. says its Gunite Corp. factory in Elkhart will be closed by May 1. Its production will be moved to factories in Rockford, Ill., and Brillon, Wis.More.

Hamilton County ranked Indiana's healthiest county

Nationwide report ranks Marion County 87th out of 92 Indiana counties in health factors and 80th in health outcomes.More.

No Democrat meets Indiana deadline for Senate seat

The only Democrat seeking to run for the Senate seat being vacated by Sen. Evan Bayh has missed out on qualifying for Indiana's May primary ballot.More.

Columbia City plant to close, nixing 135 workers

Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according to a union official.More.

Governors ask Congress to go easy on Toyota

Indiana Gov. Mitch Daniels and three other governors of states with Toyota plants are calling on Congress to be fair to the automaker in hearings concerning safety recalls.More.

Super Bowl most-watched TV show ever

The Super Bowl was watched by more than 106 million people, surpassing the 1983 finale of "M*A*S*H" to become the most-watched program in television history.More.

Calumet Specialty investigating cause of Louisiana explosion

Indianapolis-based Calumet Specialty Products Partners LP is investigating the cause of a Friday blast at its refinery in Shreveport, La., that damaged some nearby properties.More.

Ex-Indiana player Leary arrested in fraud case

The 39-year-old Leary was being held Friday in the Monroe County Jail in Bloomington on charges out of Allen County.More.

Mississippi settles Zyprexa suit against Lilly for over $18M

Mississippi will receive $18.5 million from Indianapolis-based drugmaker Eli Lilly and Co. as part of a settlement over claims the company promoted the anti-psychotic Zyprexa for ailments it was not federally approved to treat.More.

Economy bolts forward 5.7 percent in fourth quarter

There's more evidence that the recession is over, as businesses restock inventories and both corporate and consumer spending increases.More.

Panel OKs bill to provide pet buyers with info

The bill would require pet stores to put information about the dog or cat on its cage in the store, including the animal's medical history, the name of the breeder and any congenital disorders.More.

Toyota workers will stay on job at Indiana plants

No immediate layoffs are planned at the two Indiana factories that build Toyota models included in the company's production halt as it looks to fix sticking gas pedals.More.

Hoosiers can now renew driver's licenses online

The BMV said Tuesday it has started offering online driver's license renewals at the agency's Web site.More.

House lawmakers put statewide smoking ban on hold

The bill, would ban smoking in public places statewide except casinos and pari-mutuel horse racing venues.More.

New library standards to enhance online access

Hoosiers will have more access to the Internet and to public library materials across the state under a new set of standards adopted by the Indiana State Library and Historical Board.More.

Simon Property accepts $2.3B of notes in offer

Simon will fund the purchase with available cash plus proceeds from the sale of $2.25 billion in senior unsecured notes.More.

PNC profit rises despite growing loan losses

The bank's $1.01 billion in profit and its $5.08 billion in revenue were better than analysts expected.More.

Indiana House panel backs statewide smoking ban

An Indiana House committee approves legislation that would ban smoking in most public places statewide.More.

Duke Energy to trim Midwest work force, expenses

Duke Energy is offering buyouts to employees as it moves some corporate functions performed in two Midwest offices, including its central Indiana office in Plainfield.More.

House OKs bill on township government referendums

The proposal would allow voters to decide in November whether their township governments should be eliminated and their duties transferred to the county level.More.

FDA letters scold Lilly, others over marketing materials

The letter to Indianapolis-based Lilly cites a print advertisement for the antidepressant Cymbalta that did not adequately display information about the drug's side effects.More.

Indy man gets 2 years for extorting insurance firm

Kevin Stewart stole a computer server that contained the names and confidential information of 900,000 people.More.

Cummins gets $54M to improve fuel efficiency

Columbus engine maker Cummins Inc. will receive nearly $54M in federal funding as part of a program designed to significantly increase fuel efficiency in heavy trucks and passenger vehicles, U.S. Energy Secretary Steven Chu announced Monday.More.

Indianapolis Zoo blames crowd drop on bad weather

Last year's attendance was down about 36 percent from the crowds of 1.64 million in 2007.More.

FDA cancels meeting to review Lilly's Cymbalta

The agency said the meeting was canceled "to allow time for the FDA to review new information" about a proposed new use for the drug.More.

Hancock County to consider battery plant proposal

Hancock County officials will consider a request by lithium battery maker EnerDel to set up operations in a business park near Indianapolis.More.

Kruse sues customers to satisfy its debt

The Auburn-based auto auction has filed lawsuits in DeKalb County seeking more than $2 million and plans to file up to 15 more lawsuits in the next several weeks.More.

Indiana nears 1M mark in swine-flu vaccinations

So far this year, 35 people have died in Indiana from swine flu.More.

Elkhart County OKs tax break for electric car maker

Hard-hit Elkhart County could become home three electric vehicle manufacturers if a Norwegian company chooses northern Indiana as the site for a new factory.More.

Radio giant Citadel files for bankruptcy protection

Las Vegas-based Citadel Broadcasting, which owns three radio stations in Indiana, filed for Chapter 11 bankruptcy protection on Sunday in an effort to restructure its hefty debt load.More.

Cummins engine business president stepping down

Engine maker Cummins Inc. said the head of its engine business is leaving his role in March to pursue other projects at the company. Jim Kelly joined the company in 1976 and was promoted to president of the engine business in 2005.More.

Supreme Court rejects Indiana's appeal of Chrysler sale

The justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker's bankruptcy proceedings.More.

Retail sales rise more than expected

The government's report came as a surprise because the nation's retailers have been reporting generally lackluster results for the start of the holiday shopping season.More.

Jobless claims rise unexpectedly

The number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight weeks.More.

Indiana University extends president's contract

IU trustees have approved a contract extension for school president Michael McRobbie.More.

Indiana e-waste collectors, recyclers face deadline

Collectors and recyclers of obsolete electronics have until Jan. 1 to enroll with the state's E-Waste Program.More.

Airport plans holiday events to lure traffic to Civic Plaza

Entertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search for ways to boost revenue.More.

Kentucky governor thinks chances slim for Harley plant

Earlier this year, the company eliminated Shelby County in Indiana from contention for the manufacturing facility.More.

Rokita says GOP redistricting plan not enough

Indiana Secretary of State Todd Rokita is pleased that state Senate Republicans have proposed changes to the way legislative districts are drawn, but he says they don't go far enough.More.

Supreme Court to hear gambler's suit

The Indiana Supreme Court will hear arguments this week on whether an Ohio River casino should have allowed a compulsive gambler to play and lose $125,000 in a single night.More.

Education cuts could be coming, state schools chief says

Indiana's school chief warned school superintendents Thursday that declining state revenues could force cuts in public education spending, education officials said.More.

Indiana cities association seeking local tax options

The association representing 470 cities and towns wants lawmakers to pass legislation that would give municipalities the authority to adopt local option income taxes.More.

Eli Lilly CEO banking on new drug pipeline

CEO John Lechleiter says Lilly's pipeline has helped it rebound from significant patent losses three times during his 30-year career at the company. He's betting there will be a fourth.More.

Dow Jones industrials close above 10,000

The Dow Jones industrial average is back above 10,000 for the first time in a year.More.

IU sees $63M revenue boost from enrollment jump

Indiana University officials say this school year's record enrollment is leading to nearly $63 million in unexpected revenue for its campuses across the state.More.

U.S. jobless rate reaches 9.8 percent in September

The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected. The report is evidence that the worst recession since the 1930s is still inflicting widespread pain.More.

Finish Line suffers second quarter loss

Sporting goods retailer The Finish Line Inc. said on Thursday that it lost $874,000 in the second quarter, mostly because of a loss it took by unloading its unsuccessful Man Alive stores in July.More.

Clinton, Bird among mourners at Simon funeral

Former President Bill Clinton described Melvin Simon as one of the most remarkable people he's ever met as he gave a eulogy today during the funeral for the billionaire shopping mall developer and Indiana Pacers co-owner.More.

Policyholders could pay more under Obama health plan

If President Barack Obama gets what he wants in his health care plan — covering all Americans and barring insurers from denying coverage — some analysts say individuals could wind up paying higher premiums.More.

Planned Parenthood closing 5 Indiana clinics

Planned Parenthood will close five health clinics across central Indiana after losing some of its federal grant money to provide family planning services to low-income women.More.

Greenwood manufacturer plans 43 new jobs

A Greenwood-based tool and machine parts manufacturer plans to add up to 43 jobs in the next six months by combining operations from two other states.More.

Daniels drops lottery privatization plan

UPDATE: Stocks drop in early trading

Getrag loses main customer for Tipton plant

Bush: Give rescue plan time

Cummins stock leaps after rival exits segment

Panel favors steep homeowner tax cut

Indianapolis-based e-health records network expands06:24 am

The Indiana Network for Patient Care announced Tuesday that Good Samaritan Hospital in Vincennes, Ind., has joined 40 other hospitals and clinics that are part of an online network that handles one of the nation's highest volume of health information exchanges.More.

Indiana could share in $75M to help waterways

Indiana is one of a dozen states that could be getting a slice of about $75 million in federal funds this year to improve the water quality of its rivers and streams.More.

Legislators to continue negotiations Monday

Lawmakers plan to hold House-Senate conference committee meetings Monday on at least two of the major issues that remain unresolved, including a proposed delay in unemployment insurance tax increases.More.

'Green' workouts could produce energy for school

Bloomington High School South plans to retrofit treadmills, exercise bicycles and other equipment so that the kinetic energy produced by exercising staffers can be converted electricity.More.

GM to reinstate 600 dealerships slated to be cut

GM executives said Friday that about 600 dealerships out of the 1,100 seeking to stay with GM will receive letters giving them the option to remain with the automaker.More.

Indiana out in first phase of 'Race to the Top' grants

Indiana has missed out in the first round of the U.S. Department of Education's "Race to the Top" competition, which will deliver $4.35 billion in school-reform grants.More.

Sebelius asks insurers to justify rate hikes

Health and Human Services Secretary Kathleen Sebelius met at the White House with the CEOs of Indianapolis-based WellPoint, Aetna, Cigna, UnitedHealth Group, as well as several state insurance commissioners.More.

Indiana high court to hear appeal in voter ID law

The Indiana Supreme Court is once again taking up the fate of a state law requiring government-issued photo identification for voters. The justices were scheduled to hear arguments Thursday morning from both sides of the case.More.

Bankruptcy court gives Simon Property target more time

Shopping mall operator General Growth Properties Inc. will have four more months to sort out its exit from Chapter 11 bankruptcy and weigh buyout offers.More.

Lilly, Transition Therapeutics make diabetes deal

Drug developer Transition Therapeutics Inc. said Wednesday that it will pay $1 million to license a group of potential diabetes drugs from Eli Lilly and Co.More.

Daniels says he's pleased with Legislature's progress

Indiana Gov. Mitch Daniels says lawmakers are doing a pretty good job as they head toward adjourning the legislative session by Thursday.More.

Cummins to lay off nearly 200 workers in Columbus

The Columbus-based company said Tuesday that the 194 layoffs will take place after Friday, cutting the plant's employment to about 400 and paring its two shifts to one.More.

General Growth sets timeline for reorganization, plans IPO

General Growth, the bankrupt takeover target of Simon Property Group, aims to confirm a reorganization plan by Oct. 5. In addition, it said it will launch an initial public offering on Friday.More.

Bill approving Sunday microbrew sales heads to governor

The Indiana Senate has given final legislative approval to a bill allowing Indiana's microbreweries to sell beer for carryout on Sundays.More.

PNC-National City conversion ahead of schedule

The PNC Financial Services Group said Monday it has brought in 2.8 million former National City Bank customers and converted 560 branches since a $5.6 billion buyout less than two years ago. Branches in Indiana are set to switch over in June.More.

Bosma wants legislative work done before adjournment

Indiana House Minority Leader Brian Bosma says it's more important to pass sound bills on key issues than it is to adjourn the legislative session.More.

Lawmakers probe banks' lending to small businesses

U.S. House legislators want to get to the bottom of banks' roles in the economic recovery, both via loans to small businesses and shouldering losses on commercial real estate lending.More.

IU forms economic development council

The purpose of the council is to create a university-wide forum to connect all IU campuses and the communities they serve in addressing regional economic issues.More.

Sides mum after latest NFL bargaining session

The two sides held their latest round of negotiations in an Indianapolis hotel ballroom as the league's annual scouting combine began.More.

House OKs allowing Sunday microbrew sales

Indiana's microbreweries would be allowed to sell beer for takeout on Sundays under a bill approved Thursday by the state House.More.

Only last-minute buyer will save Hummer brand

Unless a last-minute buyer steps forward, General Motors Co.'s Hummer brand is fading into history.More.

Indiana House OKs tax-increase repeal, jobs bill

The Indiana House approved legislation Wednesday that would repeal an unemployment-insurance tax increase and approved a package of tax credits and other incentives designed to create jobs.More.

WellPoint CEO blames health costs for hikes

Amid attacks from Democrats over high executive salaries, Angela Braly testified in Washington, D.C., on Wednesday that big insurance-premium increases are the result of growing price tags for hospital care and pharmaceuticals.More.

California lawmakers question Anthem about rate hikes

California lawmakers grilled Anthem Blue Cross executives on Tuesday about their plan to boost individual insurance premiums by as much as 39 percent, only to hear them blame the economy and a broken health care system.More.

Schools decry funding disparity in lawsuit

Hamilton Southeastern will see its per-pupil spending of $5,000 drop about $100 in 2010 despite a projected 900-student increase, the lawsuit says. Indianapolis Public Schools, which has lost more than 1,000 students a year for the last five years, will receive $7,500 per student in 2010.More.

Growing Indiana schools districts suing over funding

Hamilton Southeastern, Franklin Township and Middlebury Community Schools of Elkhart County say the school-funding formula unfairly penalizes districts with growing enrollments.More.

Insurers warn of problems with federal regulator

President Obama's latest push for a health care overhaul could drive health plans around the country into insolvency, according to an insurance trade group.More.

Bayh's war chest could play role in Senate race

Bayh, who announced last week that he would not seek a third term in the Senate, has wide legal flexibility in directing the $12.2 million left in his campaign account.More.

Indianapolis officials used Super Bowl to prep for 2012

Nearly four dozen host committee members and Indianapolis officials attended the game. The entourage will apply what they learned to the 2012 event.More.

House panel OKs delay in unemployment tax hike

An Indiana House committee endorsed legislation Wednesday that would delay for one year increases in taxes that employers pay into the state's bankrupt unemployment insurance fund.More.

Mays named to Indiana Utility Regulatory Commission

Gov. Mitch Daniels has appointed former Democratic state Rep. Carolene Mays of Indianapolis to the Indiana Utility Regulatory Commission.More.

Gambling to remain an issue in General Assembly

Issue likely to land in House, Senate conference committee.More.

State tries new plan to track students' growth

Instead of focusing on standardized tests, the Indiana Growth Model will monitor individual students' academic growth to measure their progress and identify effective teaching methods, state public education officials say.More.

Shareholders in bankrupt Accuride pursuing loan

Accuride shareholders are trying to arrange a $400 million loan to fund the Evansville company’s exit from bankruptcy.More.

Snowstorm likely to create another rush hour mess

Just days after Friday's heavy snowfall blanketed much of the state, the National Weather Service has issued a winter storm watch from late Monday night through early Wednesday for all of Indiana.More.

National unemployment rate drops to 9.7 percent

January's report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the private sector as a whole added 63,000 positions.More.

Republic Airways to shut down Lynx Aviation

Indianapolis-based Republic Airways Holdings Inc. will shut down Lynx Aviation, a regional flying unit that operates Bombardier Q400 propeller planes. The changes will mean 175 people will lose their jobs.More.

Steak n Shake posts profit, plans new corporate name

Steak n Shake Co. said Friday it posted a fourth-quarter profit, and said it is planning to change its corporate name to Biglari Holdings Inc.More.

Senate OKs bill to eliminate township boards

The Republican-controlled Senate voted 29-19 Thursday for a bill that would eliminate township boards and transfer their duties to the county level starting in 2013. It now moves to the Democrat-led House for consideration.More.

Indiana Senate panel approves school-start-date bill

The committee endorsed legislation that would prevent the state's public schools from starting classes before Labor Day.More.

Toyota suspending production at two Indiana plants

Toyota is halting production at six North American car-assembly plants—including Indiana facilities in Princeton and Lafayette—beginning the week of Feb. 1 to fix gas pedals that could stick and cause acceleration without warning.More.

Pitney Bowes moving 30 jobs to Indianapolis area

Company plans to close operations in Miamisburg, costing the southwest Ohio city 75 jobs.More.

NFL conference title games draw most viewers since 1980s

The Indianapolis Colts' win over the New York Jets on CBS drew 46.9 million viewers, the most for an American Football Conference title game since Patriots-Dolphins in 1986.More.

Purdue to slice benefits for staff, techology costs

University will cut employee benefits, retirement contributions and information technology services to partially close a $67 million budget deficit for the West Lafayette campusMore.

Bill on Sunday microbrewery sales clears Senate

The bill would limit the amount of Sunday carryout sales from Indiana microbreweries to about three cases per transaction.More.

Simon Property Group rolls out $2.25B offering

Proceeds from the offering will be used for general corporate purposes and to fund the purchase of senior notes.More.

Property tax caps heading to Indiana voters

The Indiana Senate has given final approval to a proposal that would allow voters to decide whether property tax limits belong in the state constitution.More.

Recession takes toll on university president pay

A survey released Monday by the Chronicle of Higher Education showed compensation packages of chief executives at public universities leveling off in 2008-2009, rising a relatively modest 2.3 percent. How did Indiana college presidents fare?More.

Republic Airways moving all execs to Indianapolis

Republic, which bought Frontier Airlines and Midwest Airlines last year, says it will move all of its executives to its headquarters in Indianapolis.More.

City's sole high school will keep Anderson name

The district's school board voted 6-1 Tuesday night for a plan using the Anderson High School building for grades 10-12 starting next fall. The Highland High School building will house grades 7-9.More.

Indiana Senate OKs bill to delay jobless-tax hikes

The Senate has approved a bill delaying unemployment-tax increases on businesses for a year, but the legislation may face hurdles in the Democrat-led House.More.

Board approves revamp of Indiana teacher licensing

The new rules are expected spur future teachers to spend more time learning subject matter and less time taking education classes.More.

Ex-investor sentenced in Indiana mortgage fraud

Robert A. Penn, 44, of Naples, Fla., received seven years in prison and was ordered to pay more than $11 million in restitution.More.

Brightpoint quarterly estimate below expectations

Cell phone distributor predicts fourth-quarter results below analyst estimates, sending shares down in aftermarket activity.More.

NFL will weigh incentives to make late-season games competitive

Commissioner Roger Goodell said the league was sensitive to criticism of the Indianapolis Colts' decision to use backups a week ago in a game they lost, ending their bid for a perfect season.More.

Indiana lawmakers looking for cheap ways to impress

In an election year with a big reward—the potential to redraw political maps for the next decade—lawmakers are looking to impress voters.More.

Eli Lilly and Co. heiress Ruth Lilly dies at 94

Over the course of her life, the last surviving great-grandchild of pharmaceutical magnate Eli Lilly gave away much of her inheritance.More.

College cuts will favor some schools over others

The Indiana Commission for Higher Education said state colleges and universities need to find new ways to be efficient—without new tuition hikes—to cope with spending cuts ordered by Gov. Mitch Daniels.More.

Atlanta dates set for former Indy tennis event

As first reported by IBJ on Nov. 28, the men's tennis event that is leaving Indianapolis is heading to Atlanta, the ATP confirmed.More.

New president elected for Indiana AFL-CIO

Nancy Guyott is the first woman to be president of the Indiana AFL-CIO.More.

Indiana weighs changes to combat out-of-state casinos

State lawmakers are weighing possible changes to state gambling laws at a time when growing competition from out-of-state casinos threatens to cut into business at Indiana's 11 riverboat casinos.More.

UPDATE: KAR Auction IPO raises less than hoped

The Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million common shares at $12 each for total proceeds of $300 million.More.

Danica Patrick reaches NASCAR deal, source says

Last week, Patrick signed a three-year contract extension with Andretti Autosport to stay in the IndyCar series, but its schedule gives her enough time to also try NASCAR.More.

Ivy Tech offers fast degree for at-risk students

Ivy Tech Community College is offering at-risk students a chance to earn an associate's degree in just 10 months instead of two years.More.

Rare sacred art exhibition boosts museum attendance

"Sacred Spain: Art and Belief in the Spanish World" at the Indianapolis Museum of Art is drawing visitors from around the world for an unprecedented exhibitionMore.

Plant would pipe carbon dioxide to oil rigs

Carbon dioxide produced by a proposed coal gasification plant near the southern Indiana town of Rockport would be used to help boost oil production in the Gulf of Mexico under a plan by the company leading the project.More.

Computer woes slow air traffic across the nation

The Federal Aviation Administration said the problem was fixed about 10 a.m. Thursday, but it was unclear how long flights would continue to be delayed. Dozens of flights to Indianapolis International Airport have been affected.More.

Major stock indexes climb to yearly highs

Major stock indexes rose as much as 2 percent, including the Dow Jones industrial average, which jumped 203 points.More.

Indiana voters trending against schools in tax votes

Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last week's referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic times.More.

GM to draw government funds for Delphi costs, source says

General Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a chunk of troubled parts supplier Delphi Corp., a person briefed on the company's finances said Wednesday.More.

I-465 bridge in Indianapolis reopens after blast

The left eastbound lane over the eastbound bridge and the Interstate 69 southbound ramp to I-465 southbound will remain closed through midweek as crews continue repair work.More.

Fewer home-building permits signal weakness ahead

Applications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.More.

Frequent GOP candidate Scott wants to face Carson

A Butler University professor who has run for Congress several times says he will seek the Republican nomination to challenge Democratic Rep. Andre Carson of Indianapolis next year.More.

Brightpoint repurchases shares in settlement

Indianapolis-based Brightpoint Inc. said Friday that it has entered into a settlement agreement with NC Telecom Holding A/S to repurchase about 3 million Brightpoint shares from the Denmark holding company. NC Telecom owned Denmark-based Dangaard Telecom before Brightpoint, the world's biggest wireless phone distributor, bought the cell phone distributor in August 2007.More.

State funneling weatherization funds to builders' group

The Indiana Builders Association will receive nearly half of the $132 million the state is receiving through the American Recovery and Reinvestment Act to weatherize more than 30,000 householdsMore.

More IU, Purdue projects could move forward

More than $130 million in construction projects will get a chance to move forward after being put on hold over a top lawmaker's objections to the schools' tuition increases.More.

Purdue sees statewide enrollment grow 3 percent

Purdue University said today that its statewide fall-semester enrollment is up more than 3 percent from last year.More.

Indiana expects jobless fund troubles until 2015

Indiana officials say it will take longer to resolve the state's bankrupt unemployment insurance fund's funding troubles than projected when a law designed to start fixing the system was enacted in April.More.

National jobless rate hits 26-year high

The unemployment rate jumped almost a half-point, to 9.7 percent, in August, the highest since 1983, reflecting a poor job market that will make it hard for the economy to begin a sustained recovery.More.

Indianapolis utility could buy Lake Monroe water

Indianapolis Power & Light Co. has agreed to a 20-year contract with a state agency to potentially draw millions of gallons of water from southern Indiana's Lake Monroe.More.

Markets down after another rough week

Plunge freezes Dow Jones futures trading

Cummins to buy $25M of Irwin stock

Wall Street's bumpy ride continues

Zimmer profit beats expectations

Blogs

 

A&E, etc.

Time to revamp the 'no applause' rule in classical music?12:00 am

Is the custom of quiet curbing the enthusiasm of potential symphony fans?More.

Children's Museum planning $4.2 million exhibit

The Children's Museum of Indianapolis is teaming with National Geographic on a permanent exhibit, "National Geographic Treasures of the Earth," intended to provide immersive learning in archeological excavation.More.

Hoosier Park owner seeks to reorganize $680M in debt

Centaur LLC, which filed for Chapter 11 bankruptcy protection on Sunday, plans to sell its Colorado casino. Much of its debt was incurred to upgrade Hoosier Park in Anderson and add its slots parlor.More.

You-review-it Monday: Oscars, DK, Nunsense and more

So what did you hear, see or do this weekend?More.

More A&E, etc.

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  1. It's as simple as looking at the definition of applause in the dictionary. It states:

    "applause - hand clapping as a demonstration of approval, appreciation, acclamation, or the like."

    What musician playing on stage wouldn't appreciate a sign of "approval, appreciation or acclamation" during ANY point in the concert?

  2. I didn't realize that the IBJ was owned by Fox News, or that Glenn Beck was writing for them.

  3. Thanks Lou for bringing this up! Clapping is an awesome way to show appreciation at a concert, but culturally classical music has frowned upon people who â??disturb the flowâ?? of the multi-movement piece. When did this start historically? Iâ??m no musicologist and I might be wrong, but I canâ??t imagine that Beethoven and Mendelssohn would have frowned on mid-piece clappersâ?¦ During some historic premieres, audience members would essentially beg to hear a movement repeated before proceeding. And, of course, weâ??ve heard of the premieres gone badâ?¦ Stravinskyâ??s Rite of Spring when the performance came to an almost screeching halt! No one politely sat there just waiting for the â??endâ?? of the work to show displeasure or appreciationâ?¦

    Personally, I have no problem when people clap between movements. This tells me that there are patrons in the hall who are new to this experience and are enjoying what theyâ??re hearing. In fact, Iâ??ve enjoyed some pretty amazing soloists performing with the ISO and have fought hard not to applaud after an incredibly moving 1st movement for fear of those shame-on-you glancesâ?¦ Perhaps we need to stand up and say, no more. I will not be ashamed of showing appreciation. Viva la clapping!

  4. I haven't experienced an ISO Happy Hour but it sounds great. In all honesty, I can't STAND IT when we've just presented an incredibly brilliant, moving moment (such as the 1st mvt of Tchaikovsky's 6th symphony) & you know the audience is sitting in silence wondering about protocol. It's insulting!

    Yes, if you clap during the music you may actually miss an important or surprising musical event in the next few moments, but I'd rather you stay connected to what's going on, share your joy, and let me know we're doing a good job!

    Ignore the chap sitting next to you when you're on the edge of your seat, or crying profoundly, and he shuffles & grunts to show his displeasure at your behavior. It simply demonstrates he probably isn't connecting to the music/performance at all, and is certainly not engaging in the experience in the same way you are.

    And yes, it's disrespectful to clap during the national anthem, but doesn't that suggest either: people are fed up with it and want to get on with the event, it's a bad uninspiring performance of it, or folk are no longer connecting with what the anthem is trying to convey - it's become rote and meaningless.

  5. What a terrific subject. As a professional musician I may think differently than most of my colleagues around the country. When attending an ISO or classical concert our audiences are paying money to enjoy the entire evening out. From the moment they enter the Hilbert Circle Theatre and are greeted in our box office then by our wonderful usher crew, led to their seats and the concert begins: they hear and they see and I, as one musician, want them happy and eager to return. Over the course of a Classical or Pop Concert we play our best - we our constant - the conductors change. If a member of our audience wants to close their eyes during a tune - I am complimented and know they are relaxed and indeed I have had more than one member of an audience explain they fall asleep and are embarassed - I say NO your sleeping says you are in your 'zone' for a composition. I also then say - if you do not like a composition - you may boo. But, when the conductor acknowledges the orchestra - then you applaud their efforts and artistry. If you are so moved to applaud between movements - do it, applaud. And don't back down. It is your right. Now the 'wolf whistle- for our Happy Hour conductor - now we're talking! A great audience enjoying a great concert. Really, if you attend a concert by the Berlin Philharmonic - the audiences go 'nuts'. The more our audiences get into it the better we play. An orchestra is a living / breathing musical happening that you are witnessing - whoop it up and have a great time!