News & Analysis

Foreclosure washes away water park plans in Fishers

November 24, 2010
Scott Olson
Developer Puller Group has agreed to relinquish a high-profile property approved for a massive water park and retail project to lender Fifth Third Bank following a months-long legal battle over an $8.6 million loan.
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October durable goods orders drop 3.3 percent

November 24, 2010
Associated Press
The setback was the sharpest decline since demand fell 8 percent in January 2009. The unexpectedly sharp decrease raises questions about the strength of manufacturing.
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Jobless claims drop sharply

November 24, 2010
Associated Press
A Labor Department analyst said weekly claims are volatile during the week between the Veteran's Day and Thanksgiving holidays. A key question is whether claims will remain this low in future weeks.
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Lilly, Acrux receive FDA approval for Axiron

November 24, 2010
 IBJ Staff and Bloomberg News
The companies believe the underarm testosterone solution has the potential to realize sales of more than $1 billion a year in the United States.
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Study: Indianapolis high-priced hospital market

November 24, 2010
J.K. Wall
Indianapolis-area hospitals have negotiated reimbursement rates with private health insurers that are two and three times higher than those paid by the federal Medicare program, suggesting the hospitals have the upper hand over insurers, according to a new study.
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Clarian grows market share to 40 percent

November 24, 2010
J.K. Wall
Clarian Health has been growing faster than its peers in the Indianapolis market the past five years and is now generating healthy margins, according to a report this month by Moody’s Investors Service.
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Three-quarters of state high schools miss standards

November 23, 2010
Associated Press
Indiana's top education official says the latest performance statistics show schools are failing students once they reach high school.
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Keystone plans mixed-use project on Madison Avenue

November 23, 2010
Cory Schouten
A local developer is planning a $2 million mixed-use project for a vacant parcel along Madison Avenue just south of downtown.
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Duke Energy exploring other uses for electric-vehicle batteries

November 23, 2010
Scott Olson
The utility, which has about 780,000 customers in Indiana, is teaming with Japanese firm Itochu Corp. to test applications for used electric vehicle batteries. The pilot project builds on Indiana's clean-tech initiative, Energy Systems Network.
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Ad Age: Steak n Shake seeking new agency

November 23, 2010
 IBJ Staff
Two years and at least two advertising agencies after ending a long-term advertising deal, Steak n Shake is reviewing pitches from agencies interested in its business, according to a report from industry publication Advertising Age.
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Chrysler to invest $843 million in Kokomo plants

November 23, 2010
Associated Press
The investment was announced just ahead of appearances Tuesday by President Barack Obama and Vice President Joe Biden at a Chrysler transmission plant.
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State's unemployment rate drops below 10 percent

November 23, 2010
Indiana's unemployment rate in October dipped to 9.9 percent, marking the first time the rate has been below double digits since March.
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Scale Computing scores $17M in venture capital

November 23, 2010
The latest round of funding brings the total raised by the local data-storage upstart to $31 million and follows a $9 million investment it received in March.
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Geist apartment complex sale ends drought of Class A transactions

November 23, 2010
Tom Harton
Grande Reserve at Geist fetched $13.3 million, just shy of the asking price.
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Rolls-Royce lands $20M maintenance contract

November 23, 2010
 IBJ Staff
Rolls-Royce Corp.'s local operation won a $20.3 million contract extension to provide maintenance services for the helicopter engines it makes for the U.S. military, the Department of Defense said Monday.
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Health insurance stocks rise after spending rules outlined

November 22, 2010
Bloomberg News
U.S. health insurers, including WellPoint Inc., can include the cost of federal taxes in determining whether they spend enough on patient care, the U.S. Health and Human Services Department said Tuesday.
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Start of downtown North of South project in flux

November 22, 2010
Scott Olson
The developer of the $150 million mixed-use project in downtown Indianapolis had hoped to start construction by the end of the year. But delays in getting the project zoned properly likely will move the start date back.
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Phase 10 inventor folds in dispute over top-selling card game

November 22, 2010
Cory Schouten
The inventor of the world's second-best-selling card game has settled a lawsuit with Fundex Games, the Plainfield company that markets and distributes Phase 10.
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Hamilton County foundation president leaving

November 22, 2010
Kathleen McLaughlin
Legacy Fund President Brad Little is stepping down to take a similar job in Iowa. In three years, the foundation serving Hamilton County has grown from $25 million to $40 million in assets.
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St. Francis hospitals getting Franciscan Alliance name

November 22, 2010
J.K. Wall
The Mishawaka-based health system's move comes after months of consumer research—and six months after rival system Clarian Health said it would change its name to Indiana University Health.
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Truck manufacturing might ramp up 56 percent in 2011

November 21, 2010
Bloomberg News
An expected push to refresh the oldest North American commercial trucking fleet in at least 31 years should boost sales at partsmakers like Columbus-based Cummins Inc.
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Gold is booming, but for how long?Restricted Content

November 20, 2010
Marc D. Allan
Experts are split over whether runup in precious metal is a classic bubble.
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Indianapolis investment adviser Gene Tanner in it for the long haulRestricted Content

November 20, 2010
Norm Heikens
At 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how his investment strategy has changed.
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Carp czar has huge task of fighting invasive fishRestricted Content

November 20, 2010
Marc D. Allan
John Goss, a Hoosier who helped create the Great Lakes Compact to conserve water, is coordinating federal, state attack.
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Ethanol's future clouded by potential loss of tax breaks

November 20, 2010
Chris O'Malley
The fortunes of Indiana’s 12 ethanol plants, and the farmers and truckers who supply the corn to make the motor fuel additive, hinge on two decisions facing Congress and federal regulators in the weeks ahead.
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  1. The Affordable Care Act is not the reason for the slow recovery and lack of high paying jobs for low skill workers. This is a trend that has been going since the early 80's. The recovery is real in the sense that GDP has been growing steadily at a rate of roughly 2.5% since the recession ended in late 2009 (newsflash, the stimulus worked) and the unemployment has been steadily dropping. The reason issue we are facing deals with a skills gap (not enough workers with the right credentials / experience) and wage stagnation due to corporate America being focused solely on maximizing profits for shareholders and not caring about the American middle class. Why should they? Multi-billion dollar mutlinational companies keep offshoring their profits in order to avoid paying taxes (which makes our deficit worse) they convince Americans to fight amongst themselves. If you want to create jobs and reduce the deficit, raise the minimum wage and change corporate tax laws. Of course, if you want to continue to belive that tax cuts for wealthy create jobs (which they don't) and allow corporations and the wealthy to continue to make you cover more and more of the costs of maintaining infrastructure, funding the military and other government services, then keep voting Republican. Hopefully someday you wake up and realize what's been going on since Reagan took office.

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  3. Sergeant McNally is buried in Cathcart Cemetery on a hill known as McNally%u2019 Hill. The Cemetery is in a natural bushland setting and is very well maintained.The emergency department at Ararat Hospital is known as the John McNally Emergency Department. Cathcart is approx. 4.6 km from Ararat and is approx. 345 m above sea level.

  4. My spring chicken of a Mom is turning 75 years young. She is a big fan of Frankie and I think she would get a big kick out of the film. I wanted to take her to the Broadway play but am priced out. Thanks for your time and consideration. Oh yea, Wildwood! Joie

  5. I thought this company would go bankrupt in 2013/2014. I predicted that four years ago. I was wrong. It will take another couple of years, but they will get there.

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