News & Analysis

United, Continental agree to combine in $3B deal

May 3, 2010
 IBJ Staff and Associated Press
At Indianapolis International Airport, United accounts for 7.2 percent of passenger traffic and Continental accounts for 5.8 percent, a total of 13 percent, according to March figures from the airport.
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Recession ships more Indiana jobs to other countries

May 2, 2010
Associated Press
The number of Indiana plants, warehouses and offices sending jobs abroad since the recession began in December 2007 is more than double that of past economic downturns.
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Consumer spending rises, but stocks end April on down note

May 1, 2010
Associated Press
Goldman Sachs investigation sparks fears about harm to banking industry.
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Corporate hospitality in doldrums at Speedway

May 1, 2010
Anthony Schoettle
Unfathomable just a decade ago, the Indianapolis Motor Speedway is trimming demands on hospitality packages in a scramble to fill vacancies and preserve what IMS officials call "a major profit center."
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Connector bridges gap between convention center and stadiumRestricted Content

May 1, 2010
Norm Heikens
Designers of a walkway that connects the buildings are making the experience as attractive as possible in order to overcome the psychological barrier of moving from one building to another.
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Indianapolis beats Louisville on visitors, but not spaceRestricted Content

May 1, 2010
Together, the Kentucky International Convention Center and the Kentucky Exhibition Center offer cavernous space. However, Indianapolis is attracting more guests.
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Closing of Purdue's Chao Center is setback for BioCrossroads

May 1, 2010
J.K. Wall
The university is hoping to find a private company to take over the 5-year-old facility, which formulated and manufactured small batches of drugs used in clinical trials.
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Startup sees big potential for 'ouchless' medical testsRestricted Content

May 1, 2010
J.K. Wall
Companion Diagnostics wants to detect early warning signs of chronic diseases.
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Coles Marketing lands account for gardening firmRestricted Content

May 1, 2010
The locally based firm will serve as the ad agency for SteadyGro, which aims to optimize soilless plant growth.
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Area reaches end of an era for church constructionRestricted Content

May 1, 2010
Kathleen McLaughlin
The $16.5 million worship auditorium that Northview Church in Carmel opened last month may be the last major church-related project completed in central Indiana for years. Although many projects were finished before the recession, churches, which usually pay for much of construction in cash, struggled to collect pledges.
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Fate of $200,000 JA scholarship a mysteryRestricted Content

May 1, 2010
Kathleen McLaughlin
The turmoil that now engulfs Junior Achievement of Central Indiana likely was spawned by questions that arose in 2008 about the handling of a scholarship fund worth about $200,000.
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Education trend targets training for principals

May 1, 2010
J.K. Wall
Three Hoosier universities—Notre Dame, Marian and Indiana—are moving to launch programs that seek to apply MBA-style training to the unique demands of schools.
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All Things Automotive aims for national reach, 20 stores by year-endRestricted Content

May 1, 2010
Chris O'Malley
GM's axing of its Saturn brand may fuel the nationwide emergence of an Indianapolis-based used-car franchisor. The first All Things Automotive franchise will open this month in Fishers, at the former Saturn store owned by Lockhart Automotive Group.
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British tour firms' visit may lead to transatlantic direct flightsRestricted Content

May 1, 2010
Anthony Schoettle
An initiative to bring 10 of the biggest travel tour operators in the United Kingdom to this year's Indianapolis 500 could be a first step in bolstering business at the Indianapolis Motor Speedway, area golf courses and Indianapolis International Airport, where city boosters hope to establish direct flights to London.
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Hotels slowly recovering from worst downturn in 40 years

May 1, 2010
Anthony Schoettle
Hotel occupancy rates in the last two years have plunged nationally and locally to levels not seen in decades, putting a number of hotels at or near the financial breaking point. But relief finally appears to be on the way.
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Governor says Indiana won't increase high-risk insurance pool

April 30, 2010
Associated Press
Daniels cites unacceptable financial risks to state in announcing federal government will establish such coverage here.
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UPDATE: Tennis Center set for summer demolition

April 30, 2010
Anthony Schoettle
Sources close to the university said they expect a combination of parking facilities and a multi-use athletics venue and convocation center to be built on the site.
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Simon Property cooperating With FTC on Prime Outlets inquiry

April 30, 2010
Bloomberg News
Some retail tenants of outlet malls are concerned about Simon gaining too much market power should its acquisition of Prime Outlets be approved.
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Sale of Memory Gardens restores $20M in trust funds

April 30, 2010
Acquisition by Indianapolis-based funeral home and cemetery business by Pennsylvania-based company will preserve funds depleted by former owner.
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Taft takes four patent lawyers from Bose McKinney

April 30, 2010
Scott Olson
The highest-profile addition is Jim Coles, a veteran lawyer who will co-lead his new firm's intellectual property practice.
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INSIDE DISH: Papa Roux pops after stumbling at the start

April 30, 2010
Mason King
PapaRoux_WatchvideoArt Bouvier fled his corporate IT gig to open a small Cajun place without a business plan or prior restaurant experience. After a number of blunders, Papa Roux looks like it will pan out.
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Wishard Foundation appoints new leader

April 30, 2010
Ernest Vargo II's Vargo's top priority will be guiding the foundation's $50 million capital campaign for the construction of the new, $754 million Wishard Hospital.
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Goldsmith to become New York deputy mayor, reports say

April 30, 2010
 IBJ Staff
Goldsmith, 64, was Indianapolis mayor from 1992 to 2000. He will replace Ed Skyler, 36, who is leaving the post to join Citigroup.
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Employment costs up 0.6 percent in first quarter

April 30, 2010
Associated Press
The increase was the biggest quarterly gain since a similar 0.6-percent rise in the third quarter of 2008.
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Goldsmith named deputy mayor of New York City

April 30, 2010
 IBJ Staff, Associated Press
The former Indianapolis mayor will become a deputy mayor and oversee the fire and police departments.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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