September 19, 2009
Anthony SchoettleA little more than six months before the 2010 NCAA men’s Final Four is set to tip off at Lucas Oil Stadium, the NCAA
has not yet finalized a rental deal for the facility. While officials for the NCAA and Local Organizing Committee,
the group charged with operating the event in Indianapolis, downplay any problems, sports business experts say it is unusual
not to have an agreement pinned down in the months leading up to the event.
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September 19, 2009
Chris O'MalleyAn urban advocacy group is trying to bring a big-city concept to Indianapolis: car sharing. People for Urban
Progress cites environmental benefits as well as cost savings for urban dwellers who might find it practical to ditch their
seldom-used vehicles.
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September 19, 2009
Chris O'MalleyMobi Wireless is targeting medium-size to large companies needing more control of wireless expenses
and fewer internal resources dedicated to the task.
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September 18, 2009
IBJ StaffState and federal regulators shut down the two banking subsidiaries of ailing Irwin Financial Corp. of
Columbus. The action makes Irwin Union Bank and Irwin Union Bank FSB the first financial institution failures in Indiana since
steep losses hit the industry last year.
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September 18, 2009
Associated PressFormer President Bill Clinton described Melvin Simon as one of the most remarkable people he's ever met as he gave a eulogy
today during the funeral for the billionaire shopping mall developer and Indiana Pacers co-owner.
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September 18, 2009
Scott OlsonThe Indianapolis Airport Authority agreed at its monthly meeting this morning to explore turning over management of the airport’s
parking operations to an outside company.
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September 18, 2009
IBJ StaffIndiana's unemployment rate in August fell below double digits for the first time since April, the Indiana Department of Workforce
Development said this morning, but the decline could just be a blip.
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September 17, 2009
Scott OlsonIndiana's lofty unemployment rate not only is taking a toll on the jobless but also the recruiters that help them find
work, leading to the demise of several local employment agencies.
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September 17, 2009
Kathleen McLaughlinEngineer Refaat "Ray" Kammel's Anderson engineering firm has received a $2-million grant from the Indiana
Department of Economic Development to start manufacturing a patented device that will help old trucks meet
new federal emission standards.
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September 16, 2009
IBJ Staff and Associated PressNCAA President Myles Brand has died at age 67 after a struggle with pancreatic cancer. Brand took the post in January 2003
after serving as president of Indiana University.
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September 16, 2009
Scott OlsonThe Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for
a mammoth development known as World Connect at AmeriPlex.
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September 16, 2009
Cory SchoutenA Friday funeral is planned for a man who made a fortune building shopping malls across the U.S. and later became a prolific
philanthropist in his adopted hometown of Indianapolis. Melvin Simon, 82, succumbed this morning after a battle with pancreatic
cancer.
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September 16, 2009
Scott OlsonLow-priced homes and foreclosures are driving a large chunk of residential real estate sales in Indianapolis, largely due
to first-time home buyers taking advantage of a federal tax credit, according to a report released today by Re/Max of Indiana.
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September 16, 2009
Greg AndrewsShares of Irwin Financial Corp. plummeted this morning after the banking company disclosed that regulators have ordered it
to bolster its capital by the end of the month to levels "it has no realistic prospect of achieving."
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September 16, 2009
Cory SchoutenMelvin Simon, a tailor’s son who earned billions building shopping malls across the U.S. and later became a prolific
philanthropist in his adopted hometown of Indianapolis, has died. He was 82.
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September 15, 2009
Chris O'MalleyLocally based Republic Airways Holdings, which earlier this month said it could move up to 400 jobs gained through its
Frontier Airlines acquisition to Indianapolis or Milwaukee, has hinted it may move nearly twice that number to its headquarters
city.
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September 15, 2009
Scott OlsonKAR Holdings Inc., parent of the Carmel-based auto-auction firm Adesa Inc., has announced its intentions to become a publicly
traded company. KAR filed its registration statement for the initial public offering yesterday with the Securities
and Exchange Commission.
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September 15, 2009
Tom HartonA local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
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September 15, 2009
IBJ StaffThe Westfield City Council passed a smoking ban 7-0 last night that will prohibit smoking in most public places, including
outdoor arenas, stadiums and amphitheaters.
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September 15, 2009
IBJ Staff and Associated PressTwo Anderson siblings are buying the city's Mounds Mall from the Florida-based company that has owned it for the past six
years.
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September 14, 2009
Scott OlsonThe financial condition of the city’s Capital Improvement Board, though improving, is still dire enough that employees
of the Indiana Convention Center could be subjected to more unpaid furloughs or layoffs.
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September 14, 2009
J.K. WallSince John Lechleiter was named CEO 18 months ago, he's bet that Eli Lilly and Co. could face down its looming patent challenges
by launching innovative new medicines. Today's announcement of 5,500 job cuts by the end of 2011 and a restructuring of the
company's business units ups the ante on that bet, while indicating that it isn't working yet.
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September 14, 2009
J.K. WallEli Lilly and Co. will cut 5,500 jobs by the end of 2011 as it tries to cut $1 billion in expenses before it loses revenue
from its bestselling drug, Zyprexa. Lilly CEO John Lechleiter said he did not know how many of those cuts would occur in central
Indiana. But with
13,600 employees working in the Indianapolis area, he acknowledged the largest chunk of reductions likely would come here.
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September 12, 2009
Kathleen McLaughlinIndianapolis Symphony Orchestra musicians and librarians unanimously rejected a new contract offer, suggesting they might
not easily accept the same deep pay cuts seen at major orchestras around the country.
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September 12, 2009
J.K. WallMigraines cost American employers $20 billion a year in decreased worker productivity. Such
a frequent and uncured disease stands as a huge business opportunity for the health care industry, including locally based
pharmaceutical giant Eli Lilly and Co.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.