News & Analysis

CNO Financial profits surge 20 percent, beating expectations

August 3, 2010
J.K. Wall
The Carmel-based life and health insurer earned $33.1 million in the three months ended June 30, or 12 cents per diluted share. Excluding losses on investments and retired debt, the company would have earned 16 cents per share.
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Trustee: Durham used Fair funds for gambling, donations

August 3, 2010
Greg Andrews, Associated Press
The bankruptcy trustee said Durham spent $2.8 million on gambling and resorts, $3.3 million on interior decorating and $14 million on real estate.
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Seven cab companies denied licenses

August 3, 2010
The city of Indianapolis' Department of Code Enforcement rejected the applications largely because the companies didn't have a dispatch facility or didn't have employees to staff a facility.
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Emmis shares skid ahead of buyout vote

August 3, 2010
J.K. Wall
Opposition by preferred shareholders has Emmis shares trading at more than 30 percent below the buyout price of $2.40 per share.
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Bank trying to sell former home of Premier Properties founder

August 3, 2010
Cory Schouten
A Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an asking price of $1.48M.
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Wellness-based development would be first of kind here

August 3, 2010
Tom Harton
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
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Construction

August 3, 2010
Tom Harton
-Browning Construction has broken ground on a 60,174-square-foot diagnosis, education, treatment and surgery center for Indiana Spine Group at 13225 N. Meridian St. The project is scheduled to be completed in September 2011.  

-Shamrock Builders-Commercial has completed construction of a 6,154-square-foot dental office for Daniel S. Martin at 1000 W. Jefferson St., Franklin.
 
-Shamrock Builders-Commercial has completed a 2,125-squhttps://admin.ibj.com/admin/article/workflow/claim?articleId=21452#are-foot tenant build-out for Synapse Neuromonitoring at East 10th Street and Mitthoeffer Road.
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Dow Agro boosts sales, profit in second quarter

August 3, 2010
 IBJ Staff and Bloomberg News
Indianapolis-based Dow AgroSciences improved sales and profit in its second quarter thanks to higher volumes and lower costs, the company said Tuesday morning.
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WellPoint, peers focus on health reform rules, campaign

August 3, 2010
Bloomberg News
WellPoint Inc., UnitedHealth Group Inc. and three other health insurers, criticized by Democrats during the health care reform debate, are seeking to influence how the new law will be implemented, and possibly change it, by campaigning for supportive congressional candidates.
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IU gets $9.2 million grant for 2 global networks

August 3, 2010
Associated Press
Indiana University has won a $9.2 million federal grant to lead two high-speed global networks intended to boost scientific collaborations between U.S., European and Asian researchers.
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Indianapolis making contingency plan for Super Bowl

August 2, 2010
Associated Press
NFL officials and the Indianapolis Super Bowl Host Committee have a contingency plan if a work stoppage postpones the 2012 Super Bowl.
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UPDATE: Walgreens goes 0-for-4 in pursuit of liquor permits

August 2, 2010
Scott Olson
Drug store chain pulls two applications, while local board rejects its request to sell booze at a store on East Washington Street and deadlocks on a 2-2 vote regarding a store on East 86th Street.
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Enforcement lax on teen-driver mobile-phone ban

August 2, 2010
Associated Press
Indiana State Police report ticketing only one driver for violating the cell phone ban, and a state agency that tracks infractions for 160 police departments could find just two other citations.
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Film advocate Heartland aims to raise $12.5 million

August 2, 2010
Kathleen McLaughlin
Heartland Truly Moving Pictures is well on its way to raising $12.5 million to use for numerous film-related projects, the group announced Monday morning during a press conference featuring director Rob Reiner.
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Celadon reports higher quarterly, fiscal-year profit

August 2, 2010
CEO Steve Russell attributed the improved earnings to a recovering freight environment, coupled with a decrease in competition. Celadon also is benefiting from increased trade with Mexico.
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Senator asks Zimmer for info about product complaints

July 31, 2010
Bloomberg News
Inquiry stemmed from an article in the New York Times about a dispute between the Warsaw-based maker of artificial hip and knee joints and two of its consultants.
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Candidates for Indiana Supreme Court narrowed to three

July 31, 2010
Associated Press
One of the finalists, Marion Superior Court Judge Robyn Moberly, would be the first woman on the state's highest court since 1999.
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Bed-and-breakfasts complain of inferior ICVA support

July 31, 2010
Anthony Schoettle
Local B&B operators squeezed by the economy, including Gary Hofmeister, claim they could be doing better if they got some support from the Indianapolis Convention and Visitors Association.
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Brickyard decline not good for IRL

July 31, 2010
Anthony Schoettle
Motorsports insiders think the Brickyard 400’s declining fortunes will hasten the Hulman-George family’s decision on the future of the Indy Racing League, which the NASCAR race has helped subsidize.
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Quick hits: Indianapolis and Kansas City are close match in tourism

July 31, 2010
Indianapolis and Kansas City, a metro area with feet in both Missouri and Kansas, are not only similar demographically, but the cities' convention and tourism trades have some measures in common, like number of annual visitors.
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Hotel operator says Indy hospitality growth spottyRestricted Content

July 31, 2010
Norm Heikens
Convention center is sparking optimism, Schahet says, but overall market is still soft.
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Mug shots drive sales for startup weekly newspaperRestricted Content

July 31, 2010
Kathleen McLaughlin
The tabloid relies on the same open-records laws that give mainstream news outlets access to information about arrests, including photos.
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Upstart automaker Bright faces tough road in competitive nicheRestricted Content

July 31, 2010
Chris O'Malley
Two years after Bright Automotive was founded, the prospect of thousands of Indiana factory workers cranking out Bright’s 100-mile-per-gallon “IDEA” delivery vans by 2012 seems dim.
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State steps up chase for data centersRestricted Content

July 31, 2010
Kathleen McLaughlin
Jam-packed with expensive equipment, data centers represent huge capital investments in a relatively small footprint. That can mean steep property tax bills, though Indiana allows communities to exempt a portion of that tax. Jobs-hungry Indiana is eager to attract more of these climate-controlled computing fortresses.
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UIndy forges relationships between schools and bizRestricted Content

July 31, 2010
J.K. Wall
Business leaders often criticize schools, but sometimes have little first-hand experiences with them.
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  1. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

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