News & Analysis

Metal-processing firm to renovate factory, hire 105

May 29, 2014
Dennis Barbosa
Delaco Kasle Processing Indiana, a joint venture between metal-processing firms, plans to locate its operations in Jeffersonville, creating up to 105 jobs by 2017.
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Shares of Simon spinoff dip in early trading

May 29, 2014
 IBJ Staff
Simon Property Group has revised its earnings forecast with the Thursday launch of spinoff firm Washington Prime Group.
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Local 3D firm develops printer-based curriculum

May 29, 2014
Dan Human
To help promote interest in engineering, 3D Parts Manufacturing is working with schools to set kids loose on 3D printers. The plan also is developing into a business model.
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UPDATE: Manufacturer plans $110M expansion, 329 jobs

May 29, 2014
Associated Press
Alcoa Howmet factory in LaPorte, which makes castings for the aerospace and industrial gas turbine industries, will receive local and state tax breaks in return for job commitments.
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Push grows for Shinseki to go as veteran care flaws found

May 29, 2014
Bloomberg News
A report found the VA's Eastern Area Fiduciary Hub in Indianapolis was "not timely processing allegations of misuse of beneficiary funds, conducting field examinations, and processing some incoming mail."
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Mailer quoting Giuliani targets Indy water-line woes

May 29, 2014
Dan Human
Indianapolis homeowners have received a scare-sell insurance pitch about their water-service lines that appears to carry the endorsement of former New York City Mayor Rudy Giuliani.
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Former Colt, Bear take tax lawsuit to Ohio's top court

May 29, 2014
Bloomberg News
Former Indianapolis Colts center Jeff Saturday and ex-Chicago Bear linebacker Hunter Hillenmeyer are suing Cleveland over what they consider an "egregious and shameless money grab."
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Pence’s HIP 2.0 plan gets kudos at first public hearing

May 28, 2014
Seth Morin, The Statehouse File
Health care professionals and advocates for the poor voiced praise and support Wednesday for a plan by Gov. Mike Pence to expand the state’s Healthy Indiana Plan to provide more insurance coverage to Hoosiers.
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Washington Prime shares set stage for NYSE debut

May 28, 2014
 IBJ Staff
Shares of the fledgling, Indy-based firm hovered just under $21 in advance trading on Wednesday morning, providing a window to its official open Thursday on the New York Stock Exchange.
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Indianapolis part of new federal STEM initiative

May 28, 2014
 IBJ Staff, Bloomberg News, Associated Press
President Barack Obama drew attention to girls' science and engineering accomplishments Tuesday as he announced a mentoring effort involving Indianapolis to improve and diversify the nation's technological work force.
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OurHealth to add employer clinics, 450 jobs by 2018

May 28, 2014
J.K. Wall
The 5-year-old firm has pledged to invest $20 million to double the size of its corporate headquarters in Indianapolis and lease real estate for a series of 3,500-square-foot health clinics across the state.
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Lilly, Sanofi seek to sell erection drug Cialis without prescription

May 28, 2014
 Bloomberg News and IBJ Staff
Sanofi will apply for approval of Cialis as an over-the-counter treatment in the United States, Europe, Canada and Australia. The drug garnered $2.16 billion in sales last year.
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Longtime Barnes & Thornburg leader stepping down

May 28, 2014
Scott Olson
Alan Levin will relinquish his role as Barnes & Thornburg's managing partner in November to Robert Grand, who leads the firm's Indianapolis office. Levin has led the firm for 17 years.
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Isotope maker plans $40M project in Noblesville

May 28, 2014
Andrea Muirragui Davis
Radiopharmaceuticals maker Zevacor Molecular plans to open a $40 million isotope-production facility in Noblesville, creating nearly 50 good-paying jobs within five years.
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Indianapolis doctor gets 10 years for drug charges

May 27, 2014
Associated Press
A judge has sentenced an Indianapolis doctor to 10 years in prison for writing illicit prescriptions for powerful painkillers after the Drug Enforcement Administration had suspended his authority to dispense controlled substances.
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Indy parks embark on $8 million in upgrades

May 27, 2014
Dennis Barbosa
The Indianapolis Parks Foundation on Tuesday announced a plan to improve 16 parks in Marion County, including the renovation or creation of playgrounds, trails, basketball courts and restrooms.
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Indy Fuel sign coach with team-building experience

May 27, 2014
 IBJ Staff
The city’s new professional hockey team on Tuesday announced the hiring of Scott Hillman, head coach and director of player operations for the Missouri Mavericks for the past five years.
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Shares of Simon Property spinoff to begin trading

May 27, 2014
Washington Prime Group Inc., listed under the "WPG" ticker symbol, will begin trading Thursday. The new real estate investment trust will own 98 retail properties, including 13 in Indiana.
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Former Chase employee gets 16-month prison sentence

May 27, 2014
Dennis Barbosa
An Indianapolis woman embezzled more than $400,000 from JP Morgan Chase in an electronic-transfer scheme that lasted eight years.
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Hunter-Reay gets $2.4 million for winning Indy 500

May 27, 2014
Associated Press
Ryan Hunter-Reay edged Helio Castroneves by 0.060 seconds Sunday in the second-closest margin of victory in the history of the race. He became the first American to win the Indy 500 since Sam Hornish Jr. in 2006.
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Donnelly says Indiana's VA sites not as troubled

May 27, 2014
Associated Press
U.S. Sen. Joe Donnelly said administrators at Indiana's VA hospitals have told him they don't have the same kind of problems as the 26 veterans facilities across the country facing complaints about long waits and backlogs.
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CEO pay at public companies crosses $10M mark

May 27, 2014
Associated Press
Propelled by a soaring stock market, the median pay package for a chief executive of a typical large public company rose above eight figures for the first time last year, an increase of 8.8 percent from 2012.
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Indiana cities getting money to fight urban blight

May 27, 2014
 Associated Press and IBJ Staff
Indianapolis, Lawrence, Gary and two other Indiana cities have received a total of about $15 million to help eliminate blighted and abandoned homes.
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Cornerstone sinks $4M into Carmel medical office building

May 27, 2014
Scott Olson
The Indianapolis-based developer bought the building on Old Meridian Street early this year from The Spine Institute—its only tenant at the time—and now has the facility fully leased.
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Hearings set for Healthy Indiana Plan expansion

May 26, 2014
Associated Press
Two public hearings are scheduled this week on Gov. Mike Pence's plan to use Medicaid funds to expand the Healthy Indiana Plan to provide insurance under the federal health care overhaul.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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