News & Analysis

LendingTree.com office with 64 employees closing in Carmel

June 6, 2011
Tree.com Inc., the Charlotte, N.C., parent of LendingTree.com, said its Carmel office will shut down by Aug. 16, costing 64 employees their jobs.
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RV industry supplier plans Indiana expansion

June 6, 2011
Associated Press
A recreational vehicle component manufacturer is considering a move into a vacant factory in northern Indiana where it could hire 180 workers in the next few years.
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Abortion showdown looms for Indiana

June 5, 2011
Associated Press
The willingness of Indiana to challenge the federal government and risk a huge financial penalty could take the issue into uncharted legal and political territory.
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Indianapolis lands Big Ten football title game through 2015

June 5, 2011
 IBJ Staff
Indianapolis outbid Chicago for the rights to host the Big Ten Conference football championship game through 2015 and also landed the 2014 and 2016 title games in men's and women's basketball.
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ISTEP breaches spur closer look at testing

June 5, 2011
Associated Press
Rising concerns about cheating on Indiana's standardized tests have prompted the state Department of Education to keep closer tabs on how the test is administered.
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Colleges hike tuition as state reduces funding

June 5, 2011
Associated Press
Supporters of Indiana's public universities say if state lawmakers continue to reduce state funding for higher education, colleges will keep raising tuition and fees.
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Lilly retiree runs Christamore on smaller budgetRestricted Content

June 4, 2011
Kathleen McLaughlin
Christamore House, a west-side community center that was in danger of closing its doors last year, recently hired an Eli Lilly and Co. retiree as executive director. Bill Scott, 57, took on the job to give back to the Haughville neighborhood where his grandmother and other relatives lived.
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Real estate deals picking up around Fashion MallRestricted Content

June 4, 2011
Cory Schouten
Owners of the Sheraton Indianapolis are converting one of its towers into luxury apartments, and developers are vying to replace the vacant Woodfield Centre.
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Sleepy Klipsch buyer out to make some noiseRestricted Content

June 4, 2011
Kathleen McLaughlin
Audiovox Corp., the Hauppauge, N.Y.-based company that recently bought the high-end audio firm Klipsch Group, hopes to use the $167 million deal to win over Wall Street.
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Kosenes take on ex-partner in courtRestricted Content

June 4, 2011
Cory Schouten
Principals in Kosene & Kosene Development have sued a former partner, claiming he’s trying to cut them out of a city-supported deal to redevelop the former Bank One Operations Center downtown.
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Electric vehicles gain traction in regionRestricted Content

June 4, 2011
Chris O'Malley
Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.
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Massive recycling plant in Indianapolis pays off for Republic ServicesRestricted Content

June 4, 2011
Scott Olson
A $4M machine sorts newspaper, glass, plastic quickly from as far away as Evansville.
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Comcast chasing bigger biz clientsRestricted Content

June 4, 2011
Chris O'Malley
The cable giant now is pitching in Indianapolis suburbs its metro Ethernet product to businesses with 20 to 500 employees.
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Black Expo employees lodge complaints against CEO

June 3, 2011
Seventeen employees sign letter to the organization's board of directors complaining that Indiana Black Expo President and CEO Tanya Bell has created a hostile work environment.
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U.S. unemployment rises to 9.1 percent on slow job growth

June 3, 2011
Associated Press
U.S. employers in May added the fewest jobs in eight months, and the unemployment rate inched up to 9.1 percent. The weakening job market raised concerns about an economy hampered by gas prices and the Japanese nuclear disaster.
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Ex-Countrymark CEO’s bid to reduce sentence denied

June 3, 2011
David Swanson had asked a federal judge to vacate or reduce his 12-year prison sentence stemming from his 2002 conviction for wire fraud, money laundering and tax evasion.
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Finish Line settles with former employee

June 3, 2011
The Indianapolis-based athletics retailer agreed to pay $38,000 to the worker after the Equal Employment Opportunity Commission claimed it violated federal law by firing her because of a physical disability.
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Lilly Endowment’s value holds steady at $5.3 billion

June 3, 2011
Scott Olson
Eli Lilly and Co. stock, which accounts for 91 percent of the endowment’s assets, was worth nearly $4.8 billion at the end of 2010, a 2-percent drop over the previous year.
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LEADING QUESTIONS: Influential Miles enjoys wide reach

June 3, 2011
Mason King
LQ_Miles_WatchVideoWhat's the status of the Super Bowl? Mass transit for Indy? Economic development? How is one man so connected? Mark Miles shrugs off "power broker" but fits the bill.
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HHGregg gets 'Help' from Beatles to sell big screens

June 3, 2011
J.K. Wall
The Indianapolis-based retailer launched its first national advertising campaign using the tagline “We Help” and the Beatles song “Help!” as its soundtrack.
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Appraisal services firm plans local expansion, 150 jobs

June 3, 2011
 IBJ Staff
Indianapolis-based StreetLinks Lender Solutions plans to expand its operations, adding 150 employees by 2013, the real estate appraisal management services provider announced Friday morning.
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Officials say bridge project can be changed

June 2, 2011
Associated Press
Officials who want to build two new bridges over the Ohio River and redo a downtown interchange announced Thursday that they've found ways to cut the cost of the project by more than $1 billion.
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Groups eye once-doomed City Market west wing

June 2, 2011
Scott Olson
Although slated for demolition, the City Market's west wing is now generating interest from the Local Initiatives Support Corp. and local chapters of the American Institute of Architects, who want to move there as part of an effort to support neighborhood development.
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Foreclosed Ramada hotel up for auction

June 2, 2011
The hotel on the east side of Indianapolis near Interstate 465 and Pendleton Pike will go up for online auction on Tuesday with a minimum starting bid of $300,000.
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ITT Educational's stock price leaps as feds ease crackdown

June 2, 2011
 IBJ Staff and Bloomberg News
The Obama administration gave for-profit colleges more time to comply with rules that will cut off federal aid to institutions whose students struggle the most to repay their government loans.
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