News & Analysis

INSIDE DISH: Irvington favorite breaks off slice for Greenwood

December 3, 2010
Mason King
Jockamo Watch
                           VideoThe owners of Jockamo Upper Crust Pizza had seen other local eateries sink after expanding. They weighed many risks before pulling the trigger.
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Factory orders sink for first time since June

December 3, 2010
Associated Press
Factory orders declined 0.9 percent in October, the Commerce Department reported Friday. It was the first setback since June and the biggest decline since a 1.8-percent fall in May.
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Children's choir founder taps protege

December 3, 2010
Kathleen McLaughlin
Indianapolis Children's Choir founder Henry Leck has named Josh Pedde as the first assistant artistic director in the 25-year history of the not-for-profit organization.
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UIndy rolls out new Lugar Center scholarship program

December 3, 2010
The program will award $10,000 per school year to each of 10 incoming students who attend the annual Richard G. Lugar Symposium for Tomorrow's Leaders.
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Two more WellPoint executives set to depart

December 3, 2010
Associated Press, J.K. Wall
Chief Actuary Cynthia Miller and Chief Strategy Officer Bradley Fluegel—both of whom were prominent during the health reform debate—are leaving the health insurance giant.
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World Bank chief: U.S. still good place to invest

December 3, 2010
Scott Olson
Robert Zoellick, who was set to address the Economic Club of Indiana on Friday, doubts the United States' debt problems will become as severe as the crisis in Europe and said the U.S. is still a good investment for foreign countries.
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Jobless rate rises to 9.8 percent as U.S. job growth slows

December 3, 2010
Associated Press
With hiring so weak, the unemployment rate rose from 9.6 percent to 9.8 percent. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record.
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Indiana revenue shows slight gains in November

December 2, 2010
Associated Press
Indiana's finances showed signs of life in November as growth in sales and individual income tax collections helped bring in $49 million more than projected in the most recent revenue forecast.
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UPDATE: City Market has tentative deal with longtime tenant

December 2, 2010
Scott Olson
City Market operators have reached a tentative deal to settle a dispute with Grecian Garden's owners after alleging the eatery was late on its rent payments for several months. Details of the agreement were not disclosed.
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USA, Indianapolis lose out on 2022 World Cup

December 2, 2010
Associated Press
Qatar was selected as host of the 2022 World Cup, beating out a bid by the United States to bring soccer's showcase back to America for the first time since 1994.
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Ice Miller elects new chief managing partner

December 2, 2010
Phillip L. Bayt assumes leadership of the firm, which also elected two new deputy managing partners. Bayt currently chairs Ice Miller's real estate practice.
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Credit counselor to merge with Ohio-based network

December 2, 2010
J.K. Wall
Momentive Consumer Credit Counseling Service Inc. has agreed to be absorbed by Ohio-based Apprisen Financial Advocates, as financial pressures in the industry push not-for-profit agencies to become larger.
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Local GM stamping plant layoffs to begin next month

December 2, 2010
 IBJ Staff
It’s official: General Motors will begin shutting down its Indianapolis metal-stamping plant Jan. 28, with an initial wave of layoffs that will cost 75 workers their jobs.
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North of South financing clears first hurdle

December 2, 2010
Scott Olson
The Metropolitan Development Commission has approved an $86 million city loan to help fund the $155 million mixed-used development near the downtown campus of Eli Lilly and Co. The project still needs approval from the City-County Council.
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Jobless claims tick up again

December 2, 2010
Associated Press
Difficulties adjusting for the Thanksgiving holiday contributed to last week's spike in new applications, a government analyst said. The four-week moving average of claims, which smooths volatility, fell to 431,000 last week, a two-year low.
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Local coatings company plans expansion, 50 hires

December 2, 2010
 IBJ Staff
Locally based KECO Engineered Coatings Inc. has acquired a second location in Indianapolis where it plans to invest $1 million and hire 50 employees by 2013, the company announced Thursday morning.
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Rising Medicaid costs for Indiana mean service cuts likely

December 1, 2010
Associated Press
Indiana lawmakers likely will cut some Medicaid-provided services in the upcoming legislative session after learning Wednesday that the state's share of government health insurance program costs will balloon by $1.1 billion over the next two years unless checked.
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Swing in governors could help WellPoint deal with reform

December 1, 2010
Bloomberg News
Rick Scott of Florida will get another chance next month to derail the law President Obama signed in March when he and 21 other Republican governors-elect are sworn in just as states begin implementing details of the legislation the candidates campaigned against.
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Feds sue developer Premier over raid on retirement accounts

December 1, 2010
Cory Schouten
Executives of defunct Indianapolis developer Premier Properties USA Inc. are negotiating to settle a lawsuit brought by the U.S. Department of Labor that claims the company raided employee retirement accounts in a last-ditch bid to save itself in early 2008.
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Conner Prairie to open interactive Civil War exhibit

December 1, 2010
J.K. Wall
Conner Prairie Interactive History Park will open a Civil War exhibit in June, hoping for a similar bump in membership and ticket sales as it got from its Balloon Voyage rides the past two years.
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Online Transport buys Frontier assets from Toronto firm

December 1, 2010
Greenfield trucking company buys 794 trailers from Toronto-based Vitran Corp. for about $5 million to bolster operations.
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Kite plans to raise $65 million in stock offering

December 1, 2010
The Indianapolis-based real estate investment trust said it will sell 2.6 million shares of preferred stock at $25 each to repay debt, purchase property and use for general corporate purposes.
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Marion County GOP chairman stepping down

December 1, 2010
 IBJ Staff
Tom John will resign as chairman of the Marion County Republican Party once a new chairman is elected, he announced in a letter sent to Republican party members.
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St. Francis covets Greenwood's growth

December 1, 2010
J.K. Wall
It doesn’t take a genius to figure out why St. Francis Hospital & Health Centers is going to build a new ER and medical office complex near Greenwood: The area has been growing over the past decade 10 times faster than the city of Indianapolis.
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Contrarians think it's new day for Lilly

December 1, 2010
J.K. Wall
The trouble-free market approval obtained by Eli Lilly and Co. for a new underarm testosterone treatment brightened the company’s outlook—at least for one of the few optimistic analysts covering the company.
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