News & Analysis

Startup Companion Diagnostics trying to work through bankruptcy

September 8, 2014
J.K. Wall
Companion Diagnostics Inc., a biotech company that relocated to Indiana from Connecticut in 2010, has entered bankruptcy reorganization while it tries to develop a therapy for inflammation.
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Pence, other governors meet with Japanese trade officials

September 8, 2014
Associated Press
This year's goal for the Midwest U.S-Japan Association is to find opportunities for the Midwest's environmental, health and wellness sectors as the population of Japan and the U.S. states age.
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Treasury explores ways to limit profitability of overseas shifts

September 8, 2014
Associated Press
Treasury Secretary Jacob Lew said Monday the Obama administration will decide "in the very near future" what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries.
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U.S. executives feeling tight-fisted about worker raises

September 8, 2014
Associated Press
A survey of Harvard Business School alumni released Monday reveals a series of trends that are widening income disparities and may be weakening the ability of the U.S. economy to grow in the long term.
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Former Butler President Bobby Fong dies at 64

September 8, 2014
Mason King
Fong, who presided over a period of enrollment growth and national renown at the Indianapolis university, died Monday morning of natural causes.
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Electrolux to buy GE Appliances in $3.3B deal

September 8, 2014
 Associated Press and IBJ Staff
The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world's second biggest home appliance maker after U.S. rival Whirlpool. Louisville-based GE Appliances has a long history in Indiana.
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Pence's pivot to the middle annoys far-right base

September 7, 2014
Associated Press analysis
Many in GOP circles are keeping close watch on the first-term governor, especially those on the far right who are showing signs of disillusionment.
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Purdue introduces competency degree program

September 7, 2014
Associated Press
The College of Technology program allows students to progress at their own rate as they demonstrate mastery of specific skills, rather than performance measured only at fixed calendar intervals of classroom time.
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Bed shortage forces shelters to turn victims away

September 7, 2014
Associated Press
Indiana's domestic violence shelters are serving record numbers of victims, and rising demand has drawn attention to the need for more beds.
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Indiana works to avoid record-low election turnout

September 6, 2014
Associated Press
Indiana's top elections official and leaders of both political parties are turning to traditional and social media and door-to-door visits in hopes of getting more residents to vote in the November general election.
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Ideal owners needed for tricky north-side properties

September 6, 2014
Andrea Muirragui Davis
Size and age complicate the sale of several prominent structures in Boone and Hamilton counties.
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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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