News & Analysis

Indy Star will be carrying lots of baggage to new home

September 6, 2014
Greg Andrews
Revenue for Gannett's newspapers may continue to drift lower after the company breaks into two next year.
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Two downtown office towers changing hands

September 6, 2014
Scott Olson
The 36-story Regions Tower is selling in a negotiated transaction, and the 30-story Market Tower is getting a new owner via a loan default. They are among downtown’s largest office complexes.
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Nuvo enters Bloomington market, eyes other college towns

September 6, 2014
Anthony Schoettle
Nuvo has entered a long-abandoned market, Bloomington, and is eyeing other Indiana college towns, particularly Muncie and West Lafayette, for expansion. The alternative free weekly newspaper has been working on the plan for six months.
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Insurer competition stiffens, but tax credits may shrink, on Obamacare exchangesRestricted Content

September 6, 2014
J.K. Wall
When Hoosiers start shopping on the Obamacare exchanges again in November, they’ll find new, lower-priced competitors and modest price increases that are much lower than insurers initially proposed. But that doesn’t mean they’ll save money.
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As other WNBA teams struggle, Indiana Fever becomes model of stability

September 6, 2014
Anthony Schoettle
An aggressive year-round sales effort and the backing of the Indiana Pacers’ owner and top executive have pushed the Indiana Fever to profitability and helped the 15-year-old team become one of the WNBA’s model franchises.
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Noblesville pursues cultural district designation

September 6, 2014
Andrea Muirragui Davis
Noblesville is positioning itself to join an elite group of Indiana Cultural Districts—a state designation officials say should boost the city’s appeal and help drive economic development.
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Beer distributor Monarch stepping up booze push

September 6, 2014
Kathleen McLaughlin
In a campaign to enter the hard liquor business, Monarch Beverage Co. is pursuing a new tactic that takes aim at state regulators. Indiana’s largest beer distributor has accused the Alcohol and Tobacco Commission of letting politics influence its decisions.
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IPL begins construction on $600M power plantRestricted Content

September 6, 2014
IPL says the plant, adjacent to the Eagle Valley Generating Station, will generate 671 megawatts of electricity more efficiently and with fewer emissions than the retiring coal-fired plant.
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IndyCar race director leaving after three seasons

September 5, 2014
Associated Press
Beaux Barfield is leaving his role as race director of IndyCar for the same position with the International Motor Sports Association's Tudor United Sports Car Championship Series.
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Taxi drivers settle with Speedway over confiscated licenses

September 5, 2014
Scott Olson
Under the agreement, drivers who had their licenses taken by police on the day of the 2013 Indianapolis 500 will receive a payment and assurances that the town won't take similar action on race days.
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Bank to give homebuyers $15K for down payments

September 5, 2014
Jared Council
Wells Fargo is unveiling a $4.5 million program in Indianapolis that would provide a huge chunk of up-front money for eligible homebuyers.
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Obamacare tax rule that split appeals courts gets rehearing

September 5, 2014
Bloomberg News
The full U.S. Court of Appeals will rehear a case on Obamacare tax subsidies, granting a government request in a move that may reduce chances of a new Supreme Court showdown over a central part of the law.
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Wabash National plans Frankfort factory, 100 jobs

September 5, 2014
Associated Press
Wabash National announced Friday that its new manufacturing complex in Frankfort, about 45 miles northwest of Indianapolis, will expand its Wabash Composites business.
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Unemployment rate dips even as hiring slows

September 5, 2014
Associated Press
The unemployment rate fell to 6.1 percent from 6.2 percent in August, although U.S. employers added fewer jobs than expected.
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Ritz asks for money to cover textbook costs

September 5, 2014
Associated Press
Indiana Superintendent of Public Instruction Glenda Ritz is also asking for a 3-percent increase in education spending.
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Strong European sales goose Hurco's quarterly results

September 5, 2014
Norm Heikens
The Indianapolis-based machine tool maker reported Friday morning that profit in the latest quarter shot up more than 400 percent as sales and fees increased 25 percent.
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UPDATE: Indiana Supreme Court hears right-to-work arguments

September 4, 2014
 The Statehouse File
The state's highest court heard arguments Thursday from an attorney representing labor groups and from the state's solicitor general over whether Indiana's right-to-work law is constitutional.
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NCAA asks for dismissal of 2 scholarship lawsuits

September 4, 2014
Associated Press
The NCAA and 11 conferences that have played major college football in recent years have filed a motion to dismiss two antitrust lawsuits that accuse the association of illegally capping compensation to athletes.
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Court ruling over gay marriage sparks celebration, confusion

September 4, 2014
Associated Press
Supporters of gay marriage celebrated in Indiana on Thursday after a federal appeals court upheld a ruling that the state's ban on same-sex unions is unconstitutional. But many took a cautious approach to the ruling, noting the legal fight is far from over.
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WTHR-TV ends fee dispute with DirecTV

September 4, 2014
 IBJ Staff
WTHR-TV Channel 13 was available to DirecTV subscribers again late Thursday night after the Indianapolis station and the satellite-TV provider reached an agreement in their dispute over fees.
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UPDATE: Court rules against gay marriage bans in Indiana, Wisconsin

September 4, 2014
Associated Press
The unanimous decision from an U.S. appeals court in Chicago found the bans were unconstitutional. The states could ask for a re-hearing at the appeals court or could appeal to the U.S. Supreme Court.
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Appeals court affirms all but two of Durham's convictions

September 4, 2014
Greg Andrews
The appellate court reduced Tim Durham's felony convictions from 12 to 10 and ordered him resentenced. It said the government, in an "oversight," had failed to submit key evidence related to the two dismissed counts.
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Shapiro's to open restaurant in Fashion Mall

September 4, 2014
Jeff Newman
The 4,200-square-foot restaurant will be about 60 percent smaller than Shapiro’s downtown flagship location, but will carry most of the same menu items the deli is known for, plus some new ones.
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Mortgage firm to expand to Westfield, add 360 jobs

September 4, 2014
Mason King
California-based Carrington Mortgage Services said Thursday it plans to spend $3.2 million to open an office in Westfield. In addition to the new hires, about 180 employees in Fishers would move to the Westfield location.
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Ex-Indiana Secretary of State White gets Internet show

September 4, 2014
Associated Press
Former Indiana Secretary of State Charlie White might have been convicted of voter fraud, but he's getting his own Internet radio talk show.
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