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News & Analysis
State colleges face $150M in cuts as tax revenues fall
December 4, 2009
IBJ Staff and Associated PressIndiana Gov. Daniels calls for cuts with announcement that tax collections for November were $144 million below forecast.
MoreConstantino's and City Market reach settlement
December 4, 2009
Peter SchnitzlerCity Market has agreed to forgive Constantino's $27,000 in unpaid rent if the meat and produce stand shuts down by Dec.
24.
MoreOhio balks at Fair Finance's latest effort to register securities
December 4, 2009
Greg AndrewsOhio securities regulators have asked for a mountain of additional information from Tim Durham's Fair Finance Co. that
they say they would have to evaluate before deciding whether to allow the company to resume the sale of investment certificates.
MoreTennis officials set to reveal tournament buyer
December 4, 2009
Anthony SchoettleSources told IBJ last week that the U.S. Tennis Association Southern Section was in serious negotiations to buy the event
and move it to Atlanta.
MoreIndiana University launches $10M seed fund
December 4, 2009
Peter SchnitzlerThe Innovate Indiana Fund will invest $5 million over the next five years to commercialize IU technologies and another
$5 million to help IU-affiliated startups get off the ground.
MoreCookware plant closing in Fort Wayne, idling 190 workers
December 4, 2009
Fort Wayne-based Lincoln Foodservice Products Inc. has notified state officials that it will close its “small wares”
plant there and let go 190 employees.
MoreIvy Tech offers fast degree for at-risk students
December 4, 2009
Associated PressIvy Tech Community College is offering at-risk students a chance to earn an associate's degree in just 10 months instead of
two years.
MoreHansen & Horn insolvent, receivership next step for builder
December 3, 2009
Scott OlsonThe president of Hansen & Horn Group Inc. admitted in court Thursday that the troubled home builder is insolvent and agreed
to have a receiver appointed to operate the company.
MoreExactTarget lands another $75M in funding
December 3, 2009
Chris O'MalleyE-mail marketing provider ExactTarget has in a short span landed what may be a record amount of venture funding for a private
company here—$75 million since October. And that’s on top of the $69.9 million it received in May from three
venture firms on the coasts.
MoreGeneral Growth's refinancing plan could thwart Simon
December 3, 2009
IBJ Staff and Associated PressGeneral Growth Properties Inc., the nation's second-largest shopping mall operator, said lenders have agreed
to restructure about $9.7 billion in debt. The agreements could put a damper on the acquisition aspirations of rival Simon
Property Group Inc.
MoreHoosiers 'waste' $2.5B a year on health care, group says
December 3, 2009
J.K. WallAnalysis of Medicare data finds that Indiana hospitals and doctors rack up higher costs to treat the same conditions as the
nation's model markets.
MoreState Museum to close on most Mondays
December 3, 2009
IBJ Staff and Associated PressThe museum has been facing tight budgets and dropping attendance.
MoreIvy Tech names new academic programs chief
December 3, 2009
IBJ StaffMary Ostrye, 52, will have oversight of 150 different academic programs at Ivy Tech's 23 campuses around the state.
MoreVisions for ailing City Market include arts venue, YMCA
December 3, 2009
Riley Area Development Corp. is pitching the idea of building a performing arts center in the City Market. The YMCA
of Greater Indianapolis, meanwhile, is in talks with the city about building a full-service fitness center on the site.
MoreRare sacred art exhibition boosts museum attendance
December 2, 2009
Associated Press"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 exhibition
MoreIT firm receives abatement for job-growth plans
December 2, 2009
Indianapolis’ largest computer consulting firm on Wednesday received property-tax abatement relating to its plans to
create 200 high-paying jobs and invest $600,000 in new equipment.
MoreIndiana Ice plan to build $12 million hockey facility
December 2, 2009
Scott OlsonIce Sports and Entertainment, the owner of the Indiana Ice hockey team, announced Wednesday afternoon that it plans to
build a complex that could contain up to four skating rinks and house the Indiana/World Skating Academy.
MoreState sues teachers' union for securities fraud
December 2, 2009
J.K. WallThe Indiana Secretary of State's securities division says Indiana State Teachers Association can't account for $23 million
intended for
school districts, requests assets be frozen.
MoreAttorneys drop troubled home builder Hansen & Horn
December 2, 2009
Scott OlsonIndianapolis-based Hansen & Horn Group Inc. is without legal representation after attorneys defending the troubled
home builder from a slew of lawsuits dropped it as a client.
MoreClarian Federal Credit Union acquires Community Choice
December 2, 2009
IBJ StaffThe combined firm will have more than 8,700 members and more than $20 million in assets.
MoreCummins to lay off 400-plus workers in New York
December 2, 2009
Andrea Muirragui DavisColumbus engine maker Cummins Inc. will idle at least 400 workers at a manufacturing facility in Jamestown, N.Y., because
of a change in emission standards that will cut production from 500 engines a day to 100.
MoreShepherd Insurance buys rival DeTrude & Co.
December 2, 2009
J.K. WallThe acquisition of DeTrude & Co. by Shepherd Insurance marks the 13th purchase of an Indianapolis-area benefits brokerage
since mid-2007.
MoreMassive CEDIA Expo returning to city after 5-year break
December 2, 2009
Andrea Muirragui DavisThe locally based Custom Electronic Design & Installation Association will bring its fall trade show back to Indianapolis
in 2011 and 2012—making good on a promise to return after a $275 million expansion of the Indiana Convention Center.
MorePart of Mississippi's Zyprexa case against Lilly dismissed
December 2, 2009
IBJ StaffIndianapolis-based Eli Lilly and Co. has won a bid to dismiss part of a negligence lawsuit brought by Mississippi that alleges
improper marketing of antipsychotic drug Zyprexa for unapproved uses.
MoreTrailer maker plans to add 100 jobs in Peru
December 2, 2009
IBJ StaffPeru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs
by 2011, the Indiana Economic Development Corp. announced Wednesday morning.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.