News & Analysis

Durham's ex-wife explains bond for indicted financier

March 23, 2011
Scott Olson
Joan SerVaas issued a written statement saying she and her father signed off on a $1 million bond because they're confident Tim Durham will continue to cooperate with federal authorities and abide by the conditions of his release.
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Formstack stuck in suit by Oklahoma tech firm

March 23, 2011
Chris O'Malley
Online form builder says a lawsuit from Tulsa-based MacroSolve Inc. against it and three other tech firms is without merit.
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Panel backs Indiana gay marriage ban amendment

March 23, 2011
Associated Press
The Senate Judiciary Committee advanced the amendment on a 7-3 party line vote Wednesday, with Republican senators rejecting arguments that language prohibiting civil unions could threaten the ability of employers to offer domestic partner benefits.
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Altum’s staying put at current west Carmel location

March 23, 2011
Scott Olson
The nursery on Michigan Road had planned to move to a smaller piece of land about four miles north, but hasn't found a buyer. Kroger nixed a deal to buy its property last fall.
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Self-funded plans draw small-firm interest

March 23, 2011
J.K. Wall
In the face of new health reform restrictions, expect more small employers to opt for self-funded health benefits, concludes a report this week from Indianapolis-based United Benefit Advisors.
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Health insurers diversify away from regulations

March 23, 2011
J.K. Wall
One year after President Obama signed the health reform overhaul, health insurers are buying less-regulated companies in a bid to offset the lower profits and growth they expect the law to cause.
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IT firm sets up shop in Carmel, plans to hire 100

March 23, 2011
Tech firm Intact Integrated Services has moved its North American headquarters to Carmel, where it plans to add as many as 100 jobs by 2015, state economic development officials announced Wednesday morning.
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Boycott reaches 30 days for Indiana House Democrats

March 22, 2011
Associated Press
A legislative stalemate in Indiana reached a political milestone on Tuesday as House Democrats stayed away from their jobs for a 30th consecutive day in what now ranks among the longest Statehouse boycotts in recent U.S. history.
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Indiana schools chief says education changes needed

March 22, 2011
Associated Press
State-funded vouchers for private schools and a shift of money to charter schools are necessary steps in the effort to improve Indiana's education system, the state schools superintendent said Tuesday.
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Brightpoint stock sinks on proposed AT&T deal

March 22, 2011
 IBJ Staff and Bloomberg News
Brightpoint Inc. stock slumped more than 15 percent Monday after AT&T Inc. announced a $39 billion agreement to buy T-Mobile USA from Deutsche Telekom AG. It continued to slip Tuesday morning.
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Marcadia Biotech principals ponder next course

March 22, 2011
Chris O'Malley
Marcadia execs French, Hawryluk reflect on massive growth of Carmel firm after sale to Roche.
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Software services firm plans 500 jobs in Evansville

March 22, 2011
SS&C Technologies said it will create the jobs by investing about $3.9 million to open a service and technology center in the southwestern Indiana city. The company will begin hiring immediately and expects to begin operating in the second quarter of 2011.
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Minneapolis firm buys Fishers business park

March 22, 2011
Scott Olson
Meritex purchased 306,408-square-foot business park out of foreclosure from Wells Fargo Bank. The previous owner, Kobra Properties, had fallen into bankruptcy.
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United Way annual campaign raises $38.2M

March 22, 2011
 IBJ Staff
United Way of Central Indiana’s 2010 annual campaign fell short of its ambitious $41 million goal, but donations nearly matched the 2009 total.
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Drugmakers call off animal-health deal, possible asset sale

March 22, 2011
 IBJ Staff and Bloomberg News
Drugmakers Merck & Co. and Sanofi-Aventis SA have abandoned plans to combine their animal-health businesses after wrestling with regulators for a year over potential divestitures. Indianapolis-based Eli Lilly and Co. was among a list of possible suitors for about $1 billion in assets the two companies considered selling.
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Rolls-Royce gives downtown office market a bounce

March 22, 2011
Tom Harton
The decision by Rolls-Royce Corp. to occupy Eli Lilly and Co.’s Faris office campus downtown headed off what could have been a big spike in the central business district Class A office vacancy rate.
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Daniels signs book deal

March 21, 2011
Associated Press
The book is scheduled to come out in September and is being billed by Sentinel as a reminder of "America's urgent need for limited but more effective government, fiscal discipline at all levels, increased liberty for individuals, and a restoration of our national greatness."
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Indicted financier Durham ordered released on $1M bond

March 21, 2011
Associated Press
A federal magistrate in California has ordered a former Indiana businessman accused in a $200 million fraud scheme released on $1 million bond.
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Hunter leaves IUPUI to take coaching job at Georgia State

March 21, 2011
Associated Press
Coach Ron Hunter has left IUPUI after 17 seasons to take over at Georgia State University, a men’s basketball program that has struggled through most of its existence.
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Healthy Indiana Plan expansion opposed by some

March 21, 2011
Associated Press
Indiana wants to use its public health savings account program for low-income adults to cover people who will become newly eligible for Medicaid under the federal health care law beginning in 2014.
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Indiana Legislature moves on without boycotting Dems

March 21, 2011
Associated Press
House Speaker Brian Bosma directed Republican committee chairmen to hold meetings starting this week to discuss Senate bills, even though no official action or votes can be taken until Democrats return and provide the quorum required by the state constitution.
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EEOC: Local bar fired worker over pregnancy

March 21, 2011
The federal agency is suing the owner of the Wild Beaver Saloon in Broad Ripple for allegedly firing an employee because of her pregnancy, which violates the Civil Rights Act of 1964.
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IPL chief Murtlow leaving electric utility April 1

March 21, 2011
 IBJ Staff
Indianapolis Power & Light Co. CEO Ann D. Murtlow will leave her position April 1, the electric utility announced Monday afternoon.
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Labor board rejects Hyatt petition to hold union vote

March 21, 2011
Downtown Indianapolis hotel prefers a secret-ballot vote, while the Unite Here labor union wants what's known as a "card check" system.
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Ex-Countrymark CEO clamors for conviction reversal

March 21, 2011
 IBJ Staff
David Swanson, who was sentenced to 15 years in prison for skimming $2.7 million from CountryMark in 2003, was in court in Indianapolis last week, trying to get his sentence reduced or conviction overturned.
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  1. Maybe if we treated the parents of juvie offenders who have 5 babies from 4 different daddies like stray cats and dogs who go around creating a bigger animal control problem, we wouldn't have so much of a "parenting" problem flooding both the social services and (later) correctional systems. The breakdown of morals and parental responsibilities from horndogs who can't keep it in their pants and keep their families together has caused this. If a pit bull attacks someone, it's destroyed. Everyone encourages that pets are spayed and neutered to control the pet population and prevent further issues. Maybe it's time to control the welfare population...

  2. Blocking two blocks of a street along Broadripple Ave. is not going to stop "pedestrians" from walking around. The article stated that seven people were injured as a result of a skirmish between two gun-toting "pedestrians"...not drive-bys. Most of the crimes that are committed in BR area are done by "pedestrians" that are walking in the area...not driving by. This may alleviate traffic going through the area and may steer some folks away from coming to the area because of the extra inconvenience but it will not stop a pedestrian, on foot from toting a gun while walking in that area....period.

  3. Please run for mayor Joe. We need someone to come in and clean house. They past two mayors have run administrations rampant with corruption. We need to clean house before corruption is accepted as normal like Chicago.

  4. Marriage is a religious sacrement ... civil / legal unions pertain to the various desires expressed by many in this debate. There is big difference between your civil right and my religious rite. Both are addressed in the constitution.

  5. This is a terrible idea. I have an enormous amount of respect and appreciation for all the men and women who wear a uniform and serve the Indy Metro area. They don't get paid enough for all the crap they have to take. Low Pay and Benefits. Every thug and crazy taking pot shots at them. The statistics, demographics, and data that we have accumulated for umpteen years DO NOT LIE. Let's focus on making sure that the politicians that are "mandating" this crap are living where THEY are supposed to be living. Let's make sure that the politicians are not corrupt and wasting resources before we start digging into the folks on the front lines trying to do a difficult job. Since we are "hip" to "great ideas" Let's round up all the thugs in the Indy Metro area who are on parole violation as well as those in Marion County Jail that are never going to be rehabilitated and ship them down to Central America or better yet...China. Let's see how they fare in that part of the world.

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