News & Analysis

State energy trade association replaces longtime leader

September 18, 2014
Jeff Newman
The Indiana Energy Association has appointed former Northern Indiana Public Service Co. President Mark Maassel as president, succeeding longtime leader Ed Simcox, the organization announced Thursday.
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Testosterone drugs need study on heart risks, FDA panel says

September 18, 2014
Bloomberg News
Drugmakers, including Eli Lilly and Co., should conduct new trials to assess the heart risks of testosterone therapies used by millions of men last year, advisers to U.S. regulators said.
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30 counties to be reimbursed for snow storm costs

September 18, 2014
Paige Clark, The Statehouse File
Currently, $1.13 million has been processed for reimbursement, and more federal money will be distributed as applications are processed.
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Examiner appointed in HDG Mansur bankruptcy case

September 18, 2014
 Bloomberg News and IBJ Staff
An examiner will be appointed to conduct an investigation into the bankruptcies of two affiliates of troubled Indianapolis-based developer HDG Mansur. A judge, for the time being, denied a request to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7.
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Anderson bridge replacement denied federal money

September 18, 2014
Associated Press
Local officials say they're moving ahead with plans to replace a main bridge over the White River into downtown Anderson despite the $15 million project being rejected for a federal grant.
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USDA approves new modified corn, soybean seeds

September 17, 2014
Associated Press
The farmers won't be able to take full advantage of the seeds until the EPA issues a second ruling allowing the use of weed killer Enlist. The EPA has said it will rule this fall on Indianapolis-based Dow AgroSciences' application to market the chemical.
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Abortion-related complaints filed against doctors

September 17, 2014
Associated Press
Attorney General Greg Zoeller's office filed licensing complaints Wednesday against an Illinois doctor facing misdemeanor charges in Indiana and against three physicians who perform abortions in Indianapolis.
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Indiana asks tollway firm to prove financial stability

September 17, 2014
Associated Press
The state agency that oversees the Indiana Toll Road has given the highway's debt-saddled private operator until late November to prove that it's meeting its debt obligations.
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Kohl's plans surge in holiday hiring nationally, locally

September 17, 2014
 Associated Press and IBJ Staff
About 2,000 of those hirings will take place in Indiana, including about 900 in the Indianapolis area. Kohl's has 39 stores in Indiana, and 18 in the metro area.<
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Fed signals plan to keep key rate at record low

September 17, 2014
Associated Press
The Fed said it planned to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market.
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GIPC taps Indy Chamber exec as new director

September 17, 2014
 IBJ Staff
The Greater Indianapolis Progress Committee on Wednesday announced the selection of Molly Deuberry as its new executive director.
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Community Health plans $175M expansion of East facilities

September 17, 2014
J.K. Wall
Community executives said the investment and projects, which will begin this fall and extend over several years, prove their long-term commitment to the east side of the city.
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Effort to unify Marion County school calendars fails

September 17, 2014
 Scott Elliott, Chalkbeat Indiana
A major barrier was the fact that different local unions represent the teachers in different districts, and those union contracts didn’t match up in a variety of ways.
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FedEx to add 50,000 seasonal jobs as online demand rises

September 17, 2014
Associated Press
Rival UPS says it will hire up to 95,000 seasonal workers. Both companies are benefiting from growth in online shopping.
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Republic Airways makes $2.1B order for 50 jets

September 17, 2014
Bloomberg News
Indianapolis-based Republic will take 50 of Embraer’s current-version E175 aircraft and fly them for United Airlines under the United Express brand, the companies said Wednesday.
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Purdue set to dedicate new engineering hall

September 17, 2014
Associated Press
Purdue University on Friday plans to dedicate a new $39 million engineering building the school hopes can help meet the nation's growing demand for engineers.
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Dems block funding for preschool plan as meeting erupts

September 16, 2014
 Chalkbeat Indiana
The Indianapolis City-County Council’s finance committee voted to table funding for Mayor Greg Ballard’s $50 million preschool expansion plan and quickly adjourned a three-hour meeting Tuesday night despite protests.
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Caterpillar chief: Indiana growing more competitive

September 16, 2014
Norm Heikens
CEO Doug Oberhelman said Tuesday that government overhauls and an aggressive economic development policy have made the state among the most attractive for investment.
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State Farm denied new trial on $14.5M defamation verdict

September 16, 2014
Jennifer Nelson / The Indiana Lawyer
The $14.5 million defamation verdict awarded against State Farm in favor of a Fishers-based contractor who accused the insurer of defaming him remains in place after the Indiana Court of Appeals rejected the company's request for a new trial.
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BMV announces overcharges of about $29 million

September 16, 2014
Associated Press
The Indiana Bureau of Motor Vehicles has announced about 180,000 people will be getting excise tax refunds because their vehicles were improperly classified during registration over the past decade.
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Local mayors tout plan for Red Line transit route

September 16, 2014
The mayors of Indianapolis, Carmel, Westfield and Greenwood on Tuesday announced a potential plan and a timetable for The Red Line, a proposed rapid-transit all-electric bus route that would stretch 28 miles from Hamilton County to Johnson County.
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UPDATE: Indiana rail upgrade decision expected this fall

September 16, 2014
Associated Press
The proposal from Louisville & Indiana Railroad and CSX Transportation would allow the line between Indianapolis and Louisville to handle larger and faster trains.
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Traffic reporter, sales chief leave WISH ahead of CBS pullout

September 16, 2014
Anthony Schoettle
The loss of Julie Patterson and Julie Zoumbaris comes as Channel 8 prepares for life without its CBS affiliation and tries to make long-term deals with advertisers.
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FDA set to review testosterone-boosting drug usage

September 16, 2014
Bloomberg News
Testosterone supplements used last year by about 2.3 million men are spurring debates over how necessary and safe they may be, even as U.S. regulators consider approving a new product.
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Area homebuilding permits hit August decline

September 16, 2014
 IBJ Staff
Permit filings for home construction in central Indiana fell 4 percent in August, the second straight month of declining activity in the homebuilding market.
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