News & Analysis

Calumet Specialty hopes to raise $375M to pay off debt

April 12, 2011
Kathleen McLaughlin
Indianapolis oil-refiner Calumet Specialty Products Partners LP intends to sell $375 million in senior notes to pay off existing debt.
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Gun bill advances without exemption for Indy venues

April 12, 2011
Kathleen McLaughlin
The Capital Improvement Board, which runs the Indiana Convention Center and the city’s professional sports venues, had hoped to get an exemption to Senate Bill 292, which pre-empts local governments from creating their own rules about where people can carry guns.
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Durham prosecutors propose case-notification plans

April 12, 2011
Scott Olson
Instead of individually notifying the 5,400 investors that Tim Durham and two business partners are accused of defrauding, prosecutors want to keep them apprised of court proceedings through websites and an automated call center.
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Executive compensation surges at CNO Financial Group

April 12, 2011
J.K. Wall
The Carmel-based life and health insurer more than doubled CEO Jim Prieur’s compensation, and also gave increases ranging from 44 percent to 89 percent to other top executives.
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Software firm seeks to reorganize as holding company

April 12, 2011
Scott Olson
Interactive Intelligence Inc. will ask shareholders at its next annual meeting to vote on a proposal to reorganize the software firm under a new holding company called Interactive Intelligence Group Inc.
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Insurance agency revives plans for downtown building

April 12, 2011
Tom Harton
McGowan Insurance Group plans to build a $2.75 million, 19,000-square-foot building at 355 Indiana Avenue.
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Indiana redistricting plan appears to benefit GOP

April 11, 2011
Associated Press
Republicans who control the Indiana General Assembly on Monday released proposed new maps for the state's nine congressional and 150 legislative districts, which seem to point toward solidifying GOP gains in the Statehouse.
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Proposal aims to keep students from inadequate teachers

April 11, 2011
Associated Press
Indiana students wouldn't be stuck with poor-performing teachers for two years in a row under changes House lawmakers are considering to a bill requiring annual teacher evaluations.
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Indiana retailers press for online state sales tax

April 11, 2011
Associated Press
Indiana's retail lobby urged state lawmakers Monday to pass an online sales tax provision that they said would level the playing field for businesses in the state and raise hundreds of millions of dollars in revenue.
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Fraud suspect Durham released from halfway house

April 11, 2011
Scott Olson
Fraud suspect Tim Durham was released from a halfway house on Monday, after a more thorough accounting of his finances was presented to a federal magistrate. Durham had been at the Indianapolis facility since Wednesday.
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Herff Jones sells photography division

April 11, 2011
Kathleen McLaughlin
Indianapolis-based class ring and yearbook maker Herff Jones will sell its photography division to Lifetouch Inc., the company announced Monday.
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Parties near deal for hospital tax

April 11, 2011
J.K. Wall
Officials from Indiana Medicaid and a hospital trade group are trying to craft a deal that would create a tax on hospitals that would help attract more federal funds for hospitals—thereby offsetting looming cuts in state payments.
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Q&A

April 11, 2011
J.K. Wall
Dan Ferber is a freelance magazine writer in Indianapolis who writes about science, health and the environment for such publications as Science, Popular Science, New Scientist, Audubon, and Women's Health. He co-authored a new book with Harvard Medical School's Dr. Paul Epstein titled "Changing Planet, Changing Health: How the Climate Crisis Threatens Our Health and What We Can Do about It." It was published this month.
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Plan shifts Indiana GOP areas to Donnelly's district

April 11, 2011
Associated Press
The Senate Election Committee on Monday released proposed new district maps for Indiana's nine congressional and 50 state Senate districts.
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Portrait Homes parent files for bankruptcy

April 11, 2011
Kathleen McLaughlin
Chicago-based Pasquinelli Homebuilding is seeking bankruptcy liquidation for all its business entities, including Portrait Homes Indiana, which built hundreds of homes in the Indianapolis area.
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Arcadia in danger of stock exchange delisting

April 11, 2011
Scott Olson
The Indianapolis-based health care company's stock, which trades on the NYSE Amex Equities exchange, has closed at an average price of less than 20 cents over a consecutive 30-day trading period, triggering the warning.
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Retail REIT profits may slip on store bankruptcies

April 11, 2011
Associated Press
Retailer bankruptcies likely will weigh on earnings of retail landlords, especially those that own shopping centers and mid-quality malls, an analyst said. But upscale mall owners like Simon Property Group should feel a smaller impact.
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Indiana lawmakers to consider big education proposals

April 11, 2011
Associated Press
A House committee is expected to consider Daniels' proposal for teacher merit pay on Monday, and a Senate committee could vote on the Republican governor's controversial plan for private school vouchers on Wednesday.
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NIPSCO CEO gets pay raise after seeking rate hike

April 10, 2011
Associated Press
Utility says increase reflects executive's broader responsibilities.
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Indiana redistricting maps to be unveiled Monday

April 10, 2011
Associated Press
Republicans, who have complete control of the once-a-decade redistricting process, expect the new districts to be approved by the end of the legislative session.
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Retailers push for online sales taxes

April 9, 2011
Francesca Jarosz
Indiana’s retail lobby is pushing the state to follow a growing number of states passing laws to require online retailers to collect sales tax from customers.
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United Financial Systems slapped with lawsuit

April 9, 2011
Kathleen McLaughlin
An Indianapolis insurance brokerage disciplined for unauthorized legal practice might now face millions of dollars in claims from more than 4,000 former clients because of a class-action suit filed in Marion Superior Court.
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Indiana horse breeders worry cuts would halt boom

April 9, 2011
Associated Press
Indiana's booming thoroughbred horse breeding industry has been growing so fast in recent years it's even lured breeders away from horse powerhouse Kentucky.
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Immigration bill's fate could be determined this week

April 9, 2011
Associated Press
The chairman of an Indiana House committee says he'll decide in the coming days whether the committee will take up a bill aiming for an Arizona-style crackdown on illegal immigration.
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Friends taking next step in theater company's growth

April 9, 2011
Ann Finch
Best friends Cynthia Collins and Judy Fitzgerald open the seventh season of their theater company in the brand new Studio Theatre in Carmel’s Center for the Performing Arts.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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