News & Analysis

Suit accuses Bank of America of fraud, racketeering

March 31, 2011
Scott Olson
The complaint, filed in Marion Superior Court, follows a similar suit that was dismissed in federal court. Bank of America and its Countrywide unit are accused of using perjured affidavits to foreclose on homes.
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Battery charges dropped against Fair Finance co-owner

March 31, 2011
Cory Schouten
The Hamilton County Prosecutor's Office has dropped domestic battery charges against Fair Finance Co. co-owner Jim Cochran after the alleged victims declined to pursue the case.
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Indy lawyer pays $371,000 to settle Fair Finance lawsuit

March 31, 2011
Greg Andrews
Fair Finance's bankruptcy trustee says attorney Stephen Plopper and his wife are paying the full amount due under a loan that matured in 2006.
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Drugmaker Lilly launches global service program

March 31, 2011
Associated Press
Eli Lilly and Co. is starting a service program that sends employees around the world to help developing communities and learn about other cultures, as the drugmaker looks to international markets.
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Second whistleblower joins suit against Rolls-Royce

March 31, 2011
Associated Press
A second person has joined a lawsuit alleging Rolls-Royce Corp. concealed repeated defects at an Indianapolis aircraft engine plant and fired workers for reporting problems.
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United Way chapters teaming to improve graduation rates

March 31, 2011
Indianapolis Mayor Greg Ballard will participate Thursday morning in a national online meeting as part of an education initiative that hopes to attract 1 million volunteers.
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Indiana House backs GOP state budget plan

March 30, 2011
Associated Press
The Indiana House has approved a Republican-backed state budget plan that would keep overall education funding at current levels while making major shifts in the way money is divvied up among individual school districts.
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IBM files court motion to depose Daniels, aide

March 30, 2011
Associated Press
Gov. Mitch Daniels and his chief of staff were both deeply involved in Indiana's decision to outsource the automation of welfare intake, and they should provide depositions in lawsuits over IBM Corp., a lawyer for the company argues in a brief.
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Advocates: Indiana can lead U.S. in schools overhaul

March 30, 2011
Associated Press
Education advocates told hundreds of cheering supporters at a Statehouse rally Wednesday that Indiana could lead the nation in overhauling schools.
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Labor bills targeted in boycott pass Indiana House

March 30, 2011
Associated Press
Republicans in the Indiana House on Wednesday pushed through three labor-related bills that had drawn protests from Democrats during their five-week legislative walkout.
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School voucher proposal approved by House

March 30, 2011
Associated Press
The GOP-led House voted 56-42 on Wednesday in favor of the bill that would use taxpayer money to help some parents move their children from public schools to private schools.
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Indiana House backs ban on higher minimum wages

March 30, 2011
Associated Press
Cities and counties across the state would be prohibited from setting higher minimum wages under a bill approved by the Indiana House.
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Lafayette Life leaving in June; 159 jobs affected

March 30, 2011
All 159 employees of the insurance company will either relocate to Cincinnati or lose their jobs, according to a spokeswoman for Lafayette Life's parent company. Lafayette Life was founded in 1905.
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Indians renew TV deal for home games

March 30, 2011
 IBJ Staff
All 72 home games for the Indianapolis Indians are scheduled for broadcast on Comcast's Xfinity and Bright House Networks.
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Emmis gets additional year to repay debt

March 30, 2011
Scott Olson
Lender Canyon Capital Advisors LLC agreed to extend the maturity date on $182.9 million in senior bank debt from November 2013 to November 2014, giving Emmis additional breathing room to operate.
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Kroger plans $3.8 million school investment

March 30, 2011
 IBJ Staff and Associated Press
The Cincinnati, Ohio-based grocer announced Wednesday a new three-year, $3.8 million investment that will support library grants, schools and a literacy initiative across Indianapolis.
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Judge unseals some Fair Finance raid records

March 30, 2011
Greg Andrews
Still under wraps is the the FBI affidavit in support of the Fair Finance search warrant. Prosecutors contend releasing that "would greatly prejudice the criminal case."
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Hamilton, Boone counties among Indiana's healthiest

March 30, 2011
Associated Press
A new report says Hamilton and Boone counties are among the healthiest in Indiana, while Marion ranks among the worst.
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WellPoint gets vote of confidence

March 30, 2011
J.K. Wall
Health reform will make health insurance a less-profitable business, but WellPoint Inc. got a vote of confidence from bond analysts because health-reform rules have turned out milder than expected and WellPoint’s financial performance has been particularly strong as the economy recovers.
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Zimmer goes on offensive against lawyers

March 30, 2011
J.K. Wall
The Warsaw-based maker of orthopedic implants has filed suit to stop a Detroit-area law firm from making allegedly false claims and using its trademarks on websites designed to attract plaintiffs to sue Zimmer over one of its knee-replacement implants called NexGen.
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Q&A

March 30, 2011
J.K. Wall
Susan Rider is an employee-benefits account manager at Indianapolis-based Gregory & Appel Insurance. On July 1, she will become president of the Indiana State Association of Health Underwriters. She spoke about the first-year impact of the 2010 health reform law and further changes to come.
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Franciscan Alliance plans 84 jobs at Greenwood billing center

March 30, 2011
 IBJ Staff
The Mishawaka-based Franciscan Alliance plans to spend $8.4 million to open an administrative center in Greenwood, creating 84 jobs in the next four years.
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Indiana Senate panel may vote on smoking ban after all

March 29, 2011
Associated Press
Sen. Ron Alting, R-Lafayette, the chairman of an Indiana Senate committee, said he might call for a vote on the proposal at the Senate Public Policy Committee's April 6 meeting, but that he likely wouldn't allow any amendments.
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Illinois House votes to lift smoking ban at casinos

March 29, 2011
Associated Press
Tom Swoik, executive director of Illinois Casino Gaming Association, said gambling revenue has dropped 32 percent since the state's smoking ban was approved. He said the ban has cost state government about $800 million in taxes.
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Indiana House faces pressure to finish work on time

March 29, 2011
Associated Press
House Speaker Brian Bosma, R-Indianapolis, said the five week "vacation" by House Democrats means lawmakers may have to work on Fridays and Saturdays. He said representatives would go with little sleep and eat sandwiches and pizza while working at their desks if necessary to get work done.
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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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