News & Analysis

Afghanistan subcontractor cheated workers, suit says

July 3, 2014
Associated Press
Federal investigators are examining whether a military subcontractor from Indiana underpaid scores of medical workers in Afghanistan, pocketing federal funds that the government intended the company use to pay its employees.
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Telemon unit acquires automotive manufacturer

July 2, 2014
 IBJ Staff
Westbrook Mfg., founded in 1977, makes electro-mechanical assemblies and wiring harnesses for the automotive industry at its manufacturing plant in Fresnillo, Mexico. The company has about 400 workers.
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Book publisher plans 313 distribution jobs in Indiana

July 2, 2014
 IBJ Staff
Penguin Random House LLC, the world's largest consumer book publisher, plans to consolidate much of its U.S. distribution operations in Crawfordsville, the company announced Wednesday morning.
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CNO upgraded by S&P after divesting insurance unit

July 2, 2014
 Bloomberg News and IBJ Staff
CNO Financial Group Inc. was upgraded by Standard & Poor’s after the Carmel-based company completed the sale of a life insurance unit that was no longer issuing policies.
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ITT Educational says access to student-loan funds in danger

July 2, 2014
 Bloomberg News and IBJ Staff
Carmel-based ITT Educational Services Inc. said the U.S. Education Department may limit its access to student-loan funds because the company is unable to provide audited financial statements.
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Good Earth avoids $1M judgment over Broad Ripple project

July 2, 2014
Scott Olson
Browning Investments had sought to make the health food store and a Broad Ripple resident post a $925,000 bond to cover costs related to construction delays stemming from an appeal related to the apartment-and-retail project.
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Work resumes at Indiana GM plant after fatal explosion

July 2, 2014
Associated Press
Employees have returned to work at a General Motors metal-stamping plant in Marion following a chemical explosion that killed a contractor and injured several others.
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Vectren selling its coal-mining subsidiary for $296M

July 2, 2014
Associated Press
One of Indiana's largest natural-gas utilities is selling its coal-mining subsidiary to a southern Indiana-based coal-mining company, putting more than 800 coal miners' jobs at risk.
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Kentucky same-sex marriage ban tossed by federal judge

July 1, 2014
Bloomberg News
Kentucky’s gay-marriage ban was thrown out Tuesday by a federal judge who derided the government’s arguments as “bewildering."
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Pence tells feds that HIP 2.0 has broad support

July 1, 2014
 The Statehouse File
State officials say they will submit a plan Wednesday to expand the Healthy Indiana Plan to more uninsured Hoosiers using federal Medicaid dollars.
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Kellogg steps down from executive post with Pacers

July 1, 2014
 IBJ Staff
Clark Kellogg, 52, who played with Pacers from 1982 to 1987, will depart as vice president of player relations, a position he’s held since 2010.
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Ex-Center Township trustee official charged with theft

July 1, 2014
Scott Olson
Federal prosecutors on Tuesday charged former CFO Alan S. Mizen, 59, of Zionsville with theft and embezzlement of federal program funds. If found guilty, he faces up to 10 years in federal prison.
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Counties worry about cost of criminal code changes

July 1, 2014
Associated Press
Sweeping changes to Indiana's criminal code took effect Tuesday that will send more low-level, nonviolent criminals to community corrections programs and jails instead of state prisons.
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Kite completes $1.2B Inland acquisition

July 1, 2014
 IBJ Staff
The deal swells Kite’s roster of properties to more than 130, giving it a higher profile, greater operating efficiencies and more clout in negotiations with tenants.
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State firms up crowdfunding rules for businesses

July 1, 2014
Dan Human
Indiana firms can use the Internet to raise up to $2 million in a single securities offering, and Hoosiers can invest up to $5,000 each online, according to new state rules.
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Supreme Court lets other birth-control cases stand

July 1, 2014
Associated Press
The U.S. Supreme Court on Tuesday confirmed that its decision a day earlier extending religious rights to closely held corporations applies broadly to the contraceptive coverage requirement in the new health care law.
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Medical device maker to hire 112 in Plainfield

July 1, 2014
Mason King
Global firm Covidien LP plans to consolidate U.S. operations for servicing its medical devices in central Indiana, renovating its existing 70,000-square-foot facility in the process.
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Ex-Center Township Trustee official faces charges

July 1, 2014
 IBJ Staff
U.S. Attorney Joe Hogsett has scheduled a Tuesday afternoon press conference to announce the arrest of a former public official from the Center Township Trustee’s Office.
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New airport-area hotel will be rarity in market

July 1, 2014
Scott Olson
Holladay Properties and Schahet Hotels Inc. are partnering on a new full-service Holiday Inn that's expected to open early next year.
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New Under Armour line excites Notre Dame fans

July 1, 2014
Associated Press
The contract, which makes the company Notre Dame's official outfitter, is reportedly the largest deal in the history of college athletics.
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Key aide to Pence heading back to private sector

July 1, 2014
Associated Press
Gov. Mike Pence announced Monday that Deputy Chief of Staff Marilee Springer would be returning to Indianapolis law firm Ice Miller.
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Local software startup plans expansion, 74 hires

July 1, 2014
Dan Human
Software startup Lesson.ly LLC is looking for new space to accomodate the expansion. It is eyeing three possible locations, all downtown, and it will likely move within the next three months, CEO Max Yoder said.
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Indiana requests new No Child Left Behind waiver

June 30, 2014
Associated Press
At stake is control over a portion of the more than $200 million in federal "Title I" education funding that Indiana receives each year.
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Obama lauds former CEO as right choice to fix VA

June 30, 2014
Associated Press
A former Army captain, Robert McDonald would bring a blend of corporate and military experience to a bureaucracy reeling from revelations of chronic, system-wide failure and veterans dying while on long waiting lists for treatment.
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Indy lands huge volleyball event with $59M impact

June 30, 2014
 IBJ Staff
Indianapolis is expecting 15,000 athletes and 30,000 spectators for the 2016 USA Volleyball Girls’ Junior National Championships.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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