News & Analysis

UPDATE: Steak n Shake confirms new corporate HQ

February 9, 2010
Cory Schouten
The Steak n Shake Co. updated its Web site this week to reflect a new corporate headquarters address in San Antonio, confirming a story in IBJ's Feb. 8 print edition.
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Owners, developers see silver lining in health care real estate

February 9, 2010
Tom Harton
Health care real estate has survived the nation’s weak economy better than most sectors, and some owners and developers think it’s positioned to thrive.
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Shareholders in bankrupt Accuride pursuing loan

February 9, 2010
Bloomberg News
Accuride shareholders are trying to arrange a $400 million loan to fund the Evansville company’s exit from bankruptcy.
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WellPoint CFO says insurance 'mega-mergers' unlikely

February 9, 2010
Bloomberg News
WellPoint Inc. chief financial officer Wayne DeVeydt said President Obama's Federal Trade Commission is unlikely to approve mergers among the biggest insurers.
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Lilly awards pay increases to top executives

February 8, 2010
Peter Schnitzler, J.K. Wall
Eli Lilly and Co. CEO John Lechleiter's total compensation increased $4.1 million in 2009.
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Super Bowl most-watched TV show ever

February 8, 2010
Associated Press
The Super Bowl was watched by more than 106 million people, surpassing the 1983 finale of "M*A*S*H" to become the most-watched program in television history.
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Concern for 2012 Super Bowl intensifies

February 8, 2010
Anthony Schoettle
Labor meetings in Miami over the weekend did little to dispel speculation that the souring relationship between NFL players and owners could jeopardize the 2012 Super Bowl at Lucas Oil Stadium.
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Fair Finance investors force company into bankruptcy

February 8, 2010
Greg Andrews
Investors in Tim Durham’s Fair Finance Co. shoved the company into bankruptcy court Monday morning, a move intended to reduce the risk assets will disappear while securities fraud probes continue.
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Colts face decisions on ticket prices, marketing plan

February 8, 2010
Anthony Schoettle
There's no rest for the Indianapolis Colts front office. This week, the teams' sales and marketing teams will formulate an off-season plan and finalize ticket prices for next season.
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Snowstorm likely to create another rush hour mess

February 8, 2010
Associated Press
Just days after Friday's heavy snowfall blanketed much of the state, the National Weather Service has issued a winter storm watch from late Monday night through early Wednesday for all of Indiana.
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Cardinal Health laying off 49 at local warehouse

February 8, 2010
 IBJ Staff
Cardinal Health notified the state on Feb. 3 that it laid off 37 workers at the end of January and plans to lay off 12 more effective April 3.
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Calumet Specialty investigating cause of Louisiana explosion

February 8, 2010
Bloomberg News
Indianapolis-based Calumet Specialty Products Partners LP is investigating the cause of a Friday blast at its refinery in Shreveport, La., that damaged some nearby properties.
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Super bummer: Indy plant churns out Saints T-shirts

February 8, 2010
Mason King
The Colts' Super Bowl loss saddened employees at a local plant that makes NFL gear, but the Saints' win will give the bottom line a bigger boost.
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City program gives firms incentive to hire ex-offendersRestricted Content

February 6, 2010
Peter Schnitzler
A pilot project is providing jobs for 70 ex-convicts, with their $10-an-hour wages covered by Uncle Sam for six months. City officials hope they can then transition into other jobs or receive recommendations that help them to find other work.
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WellPoint: More employers involved in provider talksRestricted Content

February 6, 2010
J.K. Wall
Employer activism is on the rise when it comes to keeping hospitals honest in their negotiations with health insurers. Executives at Indianapolis-based WellPoint say more employers are airing their displeasure when hospital systems ask for double-digit reimbursement increases.
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Covered bridge project draws special attention

February 6, 2010
Norm Heikens
A plethora of experts like Dan Collom are restoring the Moscow bridge, built in 1886 and destroyed by a tornado in 2008.

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Steak n Shake changing its name, moving HQ to Texas

February 6, 2010
Cory Schouten
Indianapolis is on the verge of losing one of its most prominent public companies. The Steak n Shake Co. is planning to change its name to Biglari Holdings Inc. and move its headquarters to San Antonio. The Steak n Shake restaurant chain would retain a presence in Indianapolis.
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Law firm adds historic home to campusRestricted Content

February 6, 2010
Scott Olson
Plews Shadley Racher & Braun has finished a careful restoration of the Eden-Talbott House, continuing a strategy of shunning glass and steel.
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Video firm Bennett Innovations reaches 25 yearsRestricted Content

February 6, 2010
Kathleen McLaughlin
The seven-person production house led by Bruce White counts IUPUI and Rolls-Royce North America among its clients.
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Government reform, unemployment taxes chug through LegislatureRestricted Content

February 6, 2010
Kathleen McLaughlin

Key measures cleared their chambers of origin by the Feb. 3 deadline.

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Scale Computing succeeds quickly after co-founder moves it to IndianaRestricted Content

February 6, 2010
Chris O'Malley
Not even a year has passed since Scale Computing launched its first product, yet CEO Jeff Ready forecasts 2010 revenue with the confidence of a meteorologist giving the three-day outlook.
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Environmental causes keep ex-bank chief McKinney busyRestricted Content

February 6, 2010
Chris O'Malley
Most know him as a retired captain of industry—of banking, as chairman of First Indiana Corp., and law, as co-founder of Bose McKinney & Evans. Few know that Robert H. McKinney started out planning to become a national park guide.
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Shelbyville tech park keeps tax incentives

February 5, 2010
Kathleen McLaughlin
State officials are giving Shelbyville's struggling Intelliplex business park another chance to use tax incentives to land new companies and high-paying jobs.
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UPDATE: Simon shares climb after profit beats estimates

February 5, 2010
Bloomberg News
The company raised its average rent per square foot at both regional malls and outlet centers even as U.S. consumer spending flagged.
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Businesses walk fine line when supporting Colts

February 5, 2010
Scott Olson
As Super Bowl approaches, companies unaffiliated with the Colts avoid becoming victims of the NFL's strict trademark-enforcement policies by supporting the team in generic fashion.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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