News & Analysis

Local lawyer's connection to the greats runs deep

February 26, 2011
Scott Olson
What do Johnny Unitas, Vince Lombardi and Babe Ruth have in common? Indianapolis intellectual property attorney Jonathan Faber.
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Cuts may spark mergers among public broadcastersRestricted Content

February 26, 2011
Kathleen McLaughlin
Indianapolis public broadcaster WFYI is bracing for an era of budget cuts that could prompt consolidation among Indiana stations.
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Partisan divide could threaten long-term education reform

February 26, 2011
Francesca Jarosz
Indiana’s Republican-controlled Legislature will likely pass the bulk of education-reform measures being pushed this year by party heavyweights, but partisan rancor could threaten the long-term prospects for a sweeping overhaul of the state’s public schools.
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Hulman board overhaul may signal strategy shift, even IPORestricted Content

February 26, 2011
Anthony Schoettle
The Feb. 17 announcement that Terre Haute-based Hulman & Co. was expanding its board of directors from four to eight members could simply mean the company is looking for guidance from a broadened brain trust, or it could be a signal the company is at a significant crossroads.
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Ties to Durham haven't hurt McKain

February 26, 2011
Greg Andrews
For the past decade, Indianapolis-based professional speaker Scott McKain has used his experience at Obsidian Enterprise Inc. as the centerpiece of his marketing pitch, but Obsidian is not the success his bio advertises it to be.
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Intellectual property theft rising quicklyRestricted Content

February 26, 2011
Bob Kronemyer / Special to IBJ
Filching ranges from crude to highly sophisticated, experts say.
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Indianapolis airport plan plays up money-making logisticsRestricted Content

February 26, 2011
Chris O'Malley
Growing cargo and logistics business overshadows such titillating concepts as solar farm, recreation campus.
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Experts: Economy too weak to fuel venture-capital investmentRestricted Content

February 26, 2011
Norm Heikens
Activity won’t gain much steam until more entrepreneurs become optimistic, and optimism won’t materialize until the economy gets warmer, said John Barnard, managing director of Pearl Street Venture Funds.
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Deal to redevelop Bank One garage full of twists, turnsRestricted Content

February 26, 2011
Cory Schouten
The city of Indianapolis is finally poised to close, after three years of twists, a complex redevelopment deal on the 1,600-space former Bank One parking garage.
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E-mails suggest Fair Finance was on life support for years

February 26, 2011
Greg Andrews
Emails filed as exhibits in the Chapter 7 bankruptcy case of Fair Finance Co. this month strongly suggest company insiders knew years before Fair collapsed that it was in dire straits.
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Dual roles give Bess unusual view into schools

February 26, 2011
J.K. Wall
Bess Watch VideoAs a Danville school board member and superintendent of Indianapolis Metropolitan High, Scott Bess is straddling the increasingly contentious chasm between traditional public schools and privately operated charters.
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Indy-based cooperative strikes oil at Terre Haute well

February 25, 2011
Associated Press
Indianapolis-based oil cooperative says it has made a "significant" oil find at a well site in western Indiana on property owned by the Hulman family.
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Report: Allison may raise up to $1B in IPO

February 25, 2011
 IBJ Staff
The Indianapolis company, the world's largest maker of commercial transmissions, may go public in the third quarter, Reuters reported.
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UPDATE: Lilly settles pollution suit for $337,500

February 25, 2011
Scott Olson
The agreement with the U.S. government calls for the pharmaceutical company to pay a $337,500 penalty for allegedly emitting a high level of hazardous pollutants from its manufacturing plant on South Harding Street.
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Eli Lilly neuroscience chief resigns

February 25, 2011
J.K. Wall
David Bredt, vice president of neuroscience research, has resigned “to pursue other opportunities,” according to Lilly spokeswoman Judy Kay Moore. Bredt had overseen Lilly’s development of various drugs, including molecules in late-stage human testing to treat Alzheimer’s and depression.
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First Internet Bancorp reports record annual profit

February 25, 2011
The parent of First Internet Bank earned $4.9 million in 2010 compared with a loss of $2.1 million the previous year.
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Developers need Greenwood's OK for disputed land

February 25, 2011
Kathleen McLaughlin
Now that the Indiana Supreme Court has settled the lengthy Greenwood-Bargersville annexation battle, developer Mike Duke is ready to build on a 60-acre tract in the heart of the disputed territory.
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Indiana overpays localities $610M over 3 years

February 25, 2011
Associated Press
State budget officials are seeking to recoup much of nearly $610 million overpaid to local governments in fiscal years 2009, 2010 and 2011 due to income tax revenue estimates thrown off by the lingering recession.
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ChaCha sues Taiwanese company for trademark infringement

February 25, 2011
 IBJ Staff and Bloomberg News
Carmel-based ChaCha Search Inc., operator of an online question-and-answer site, sued Taiwanese company HTC Corp. for trademark infringement over the planned introduction of a smartphone called the ChaCha.
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Indianapolis library system sees drop in visits

February 25, 2011
Kathleen McLaughlin
The Indianapolis-Marion County Public Library system, which reduced hours to deal with budget cuts, saw patron visits drop 15 percent in 2010, to just more than 5 million.
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Protest turns to camp for border-crossing Indiana Democrats

February 25, 2011
Bloomberg News
Labor unrest and proximity have made the Land of Lincoln the haven of choice for out-of-state lawmakers looking to block Republican-backed bills.
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Barnes & Thornburg expands into Los Angeles

February 25, 2011
The opening of an office on the West Coast continues the Indianapolis-based law firm's expansion into other major markets.
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City seeks replacement for GM plant

February 24, 2011
Francesca Jarosz
Indianapolis will spend $115,000 on a study to explore redevelopment opportunities for the 102-acre GM Stamping Plant property west of downtown that will close this summer.
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Daniels signs jobless-fund bill that unions fought

February 24, 2011
Associated Press
Indiana Gov. Mitch Daniels signed into law Thursday a plan aimed at fixing Indiana's debt-ridden unemployment fund that labor unions had opposed because it will reduce jobless benefits for some people while softening business tax increases.
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Ballard says jobs, neighborhoods critical

February 24, 2011
Francesca Jarosz
Creating a climate that allows businesses to thrive and improving Indianapolis’ neighborhoods will be critical to the city’s future success. That was the message Mayor Greg Ballard conveyed Thursday night in his fourth-annual State of the City speech, delivered at the Indianapolis Artsgarden downtown.
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