News & Analysis

Judge OKs record-setting $2B sale of Clippers

July 29, 2014
Associated Press
In allowing the deal to go forward, Superior Court Judge Michael Levanas sided Monday with Sterling's estranged wife, Shelly Sterling, who negotiated the record sale after the NBA banned the 80-year-old billionaire for making offensive remarks about blacks.
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Study: 35 percent in U.S. facing debt collectors

July 29, 2014
Associated Press
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
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CNO sees higher earnings, revenue in latest quarter

July 28, 2014
 IBJ Staff
CNO Financial Group Inc. earned $78.1 million compared with profit of $77.1 million in the same period of 2013.
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Pennsylvania reps ask NCAA to halt Penn State sanctions

July 28, 2014
Associated Press
Five Pennsylvania congressmen are asking college sports' governing body to cancel penalties against Penn State University imposed as a result of the Jerry Sandusky child molestation scandal.
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State campaign pushes students to finish college on time

July 28, 2014
Jessica Seabolt, The Statehouse File
The statewide effort is designed to push more Indiana students to graduate from college on time by completing at least 15 credits each semester.
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'Test jury' gauged in Indianapolis home blast case

July 28, 2014
Associated Press
Prosecutors and attorneys for one of the suspects in a deadly Indianapolis house explosion began assessing Monday whether they can assemble an impartial jury successfully in the city where it happened.
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Deal worth $17B aimed at improving veteran health care

July 28, 2014
Associated Press
The bipartisan agreement includes $10 billion in to make it easier for veterans who can't get prompt appointments with Veterans Affairs doctors to obtain outside care; $5 billion to hire doctors, nurses and other medical staff; and about $1.5 billion to lease 27 new clinics across the country.
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Roche drug trial backs Lilly on Alzheimer’s findings

July 28, 2014
J.K. Wall
Results of a Roche clinical trial mirror those produced by an experimental Lilly drug two years ago. Lilly executives say that validates their approach in the multi-billion-dollar race to market the first drug to reverse Alzheimer's.
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U.S. companies increasingly fish for growth overseas

July 28, 2014
Associated Press
Few U.S. industries are tying their fortunes to overseas markets as aggressively as the technology sector, where new sources of revenue are often just a matter of equipping people with a computing device and an Internet connection.
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Profit, revenue up for Cummins in latest quarter

July 28, 2014
 IBJ Staff
Cummins Inc. said Monday that second-quarter profit jumped 7.7 percent on strong sales in North America. The results exceeded analyst expectations.
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Contracts to buy homes decrease nationally

July 28, 2014
Associated Press
Sales have been slowed by a mix of meager wage growth, rising home prices, and mortgage rates that rose steadily through the end of last year.
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Hogsett takes position at Indianapolis law firm

July 28, 2014
 IBJ Staff
U.S. attorney Joseph Hogsett, a rumored candidate for Indianapolis mayor, plans to join Bose McKinney & Evans on Aug. 1 as a partner in the litigation practice group.
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Groundbreaking set for $15M Speedway roundabout

July 28, 2014
Associated Press
The town of Speedway plans a two-lane roundabout to replace the current stoplight-controlled intersection at West 16th and Main streets, and Crawfordsville Road, outside the Indianapolis Motor Speedway.
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Not in my backyard: U.S. sending more coal abroad

July 28, 2014
Associated Press
The U.S. power sector is burning less coal and is reducing carbon emissions, but a growing share is finding its way to the rest of the world.
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Mitchell departs state job for treasurer's race

July 28, 2014
Associated Press
Kelly Mitchell announced Friday she was leaving her job as an investment director in the state treasurer's office Aug. 1.
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Leg of I-69 project now due to open by end of 2015

July 27, 2014
Associated Press
The Indiana Department of Transportation now plans for Interstate 69 to reach Bloomington by the end of 2015, a year later than originally planned.
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Pence, Bayh, crowd 2016 field with questions

July 27, 2014
Associated Press analysis
In the 2016 political landscape, a pair of the state's political big dogs—Republican Gov. Mike Pence and former Democratic U.S. Sen. Evan Bayh—has potential candidates holding their breath and waiting on them.
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Former piano factory burns down in Muncie

July 26, 2014
Associated Press
Old building also had been used as chemical distributorship.
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Indiana Limestone Co. digs out of deep hole

July 26, 2014
Anthony Schoettle
In February, Indiana Limestone Co. filed for bankruptcy. But two months later, Chicago-based Wynnchurch Capital Ltd. bought the quarry company out of bankruptcy. ILC is now digging out and looking at a brighter horizon.
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Tech entrepreneur launches Indy Visitors Channel

July 26, 2014
Anthony Schoettle
Folksy chief cements deals with handshakes, promotes tourism spots with video network in hotels.
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Indiana tourism group sharpens mission

July 26, 2014
Anthony Schoettle
New director changes organization’s name, launches initiatives catering to businesses.
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Developer pitches 5-story office building for Broad RippleRestricted Content

July 26, 2014
Scott Olson
A local developer plans to build a five-story office building on the site of a closed American Legion post in Broad Ripple.
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Bar owner alleges racism in lease dispute

July 26, 2014
Scott Olson
The owner of a nightclub in the heart of Broad Ripple believes his landlords nearly doubled his rent for just one reason: to force him and his mostly African-American clientele from the building.
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Carmel budget hawks want harder line on deals with developers

July 26, 2014
Andrea Muirragui Davis
The Carmel Redevelopment Commission’s 2014 revenue is estimated to exceed expenses by less than $100,000—a narrow margin for an agency with annual debt payments totaling $17.5 million.
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Homegrown Krazy Klothes defies overseas-made clothing trend

July 26, 2014
Sam Stall
Owner Dan Murphy's more-than-two-decades-old, Indianapolis-based company is something of an anachronism—a small-scale domestic clothing manufacturer doing business in a field dominated by Asian-based titans.
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  4. Elected officials, like Mourdock, get vested in 8 years. It takes 10 years for all other public employees, most of whom make a lot less money. So much for the promise to finish out his term.

  5. Great state treasurer and a good man!! Just curious if the folks who didn't quite understand his quote would like to tell my daughter-in-law that God didn't intend her! Mourdock's comment was correct but twisted and the article didn't mention that his opponent and the press let the impression stand that Mourdock meant that the rape was intended. Stupid people!!

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