News & Analysis

Ambrose snags vacancy-plagued Meridian Street property

July 5, 2014
Scott Olson
Ambrose Property Group Inc. is doubling down on the struggling downtown office market by purchasing its second property within six months.
More

Ex-Hoosier funnels millions back home to local tech firms

July 5, 2014
Dan Human
West Coast investor Parker Hinshaw and his wife, Jean Balgrosky, in 2012 founded San Diego investment firm Bootstrap Incubation LLC and in 2013 the Bootstrap Venture Fund, which have funded three Indiana companies in less than a year. A fourth deal is about to close.
More

State sits on prime downtown property near Statehouse

July 5, 2014
Kathleen McLaughlin
Three locally based firms responded to a state request for private-sector parking management, plus the construction of new spaces, by proposing mixed-use buildings for a 3.2-acre lot north of the Statehouse, according to response documents made public late last month.
More

Indy Chamber fights shrinking membershipRestricted Content

July 5, 2014
Kathleen McLaughlin
The chamber has lost 19 percent of its members since the start of 2011, even while other chambers of commerce around the country see renewal rates recovering along with the economy.
More

Obamacare generates windfall for insurersRestricted Content

July 5, 2014
J.K. Wall
Obamacare’s tax credits are pumping nearly $400 million into the coffers of health insurers in Indiana this year, according to data released by the federal government and the insurance companies.
More

Latest plan for natatorium includes IUPUI expansion

July 3, 2014
Kathleen McLaughlin
The city of Indianapolis, IUPUI and Lilly Endowment are preparing to unveil a broad plan for the west end of downtown and Haughville.
More

Express Scripts cuts payments for customized drugs

July 3, 2014
Associated Press
The nation's largest pharmacy benefit manager, Express Scripts, is dramatically scaling back its coverage of compounded medications, saying most of the custom-mixed medicines are ineffective or overpriced.
More

Dow Jones index tops 17,000 after strong jobs report

July 3, 2014
Bloomberg News
The Dow Jones industrial average climbed above 17,000 for the first time ever Thursday morning. The Standard & Poor’s 500 also hit an all-time high.
More

Plant shutdown date sparks fight between IPL, grid operator

July 3, 2014
Dan Human
Indianapolis Power & Light Co. says it might have to pay as much as $22 million in extra costs because of contract issues with the Midwest Independent System Operator.
More

IU students get more information, borrow less

July 3, 2014
Bloomberg News
A simple letter from Indiana University led its students to reduce borrowing by far more than the national average last academic year. Federal undergraduate Stafford loan disbursements at the university dropped 11 percent, or $31 million.
More

U.S. employment rises more than expected

July 3, 2014
Bloomberg News
Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, Labor Department figures showed Thursday.
More

Kokomo doctor gets 2 years for overprescribing

July 3, 2014
Associated Press
Don Wagoner, his wife and two other doctors were arrested last year on narcotics charges connected to clinics in Kokomo and Burlington. State officials say at least a dozen patients died from drug-related complications.
More

Afghanistan subcontractor cheated workers, suit says

July 3, 2014
Associated Press
Federal investigators are examining whether a military subcontractor from Indiana underpaid scores of medical workers in Afghanistan, pocketing federal funds that the government intended the company use to pay its employees.
More

Telemon unit acquires automotive manufacturer

July 2, 2014
 IBJ Staff
Westbrook Mfg., founded in 1977, makes electro-mechanical assemblies and wiring harnesses for the automotive industry at its manufacturing plant in Fresnillo, Mexico. The company has about 400 workers.
More

Book publisher plans 313 distribution jobs in Indiana

July 2, 2014
 IBJ Staff
Penguin Random House LLC, the world's largest consumer book publisher, plans to consolidate much of its U.S. distribution operations in Crawfordsville, the company announced Wednesday morning.
More

CNO upgraded by S&P after divesting insurance unit

July 2, 2014
 Bloomberg News and IBJ Staff
CNO Financial Group Inc. was upgraded by Standard & Poor’s after the Carmel-based company completed the sale of a life insurance unit that was no longer issuing policies.
More

ITT Educational says access to student-loan funds in danger

July 2, 2014
 Bloomberg News and IBJ Staff
Carmel-based ITT Educational Services Inc. said the U.S. Education Department may limit its access to student-loan funds because the company is unable to provide audited financial statements.
More

Good Earth avoids $1M judgment over Broad Ripple project

July 2, 2014
Scott Olson
Browning Investments had sought to make the health food store and a Broad Ripple resident post a $925,000 bond to cover costs related to construction delays stemming from an appeal related to the apartment-and-retail project.
More

Work resumes at Indiana GM plant after fatal explosion

July 2, 2014
Associated Press
Employees have returned to work at a General Motors metal-stamping plant in Marion following a chemical explosion that killed a contractor and injured several others.
More

Vectren selling its coal-mining subsidiary for $296M

July 2, 2014
Associated Press
One of Indiana's largest natural-gas utilities is selling its coal-mining subsidiary to a southern Indiana-based coal-mining company, putting more than 800 coal miners' jobs at risk.
More

Kentucky same-sex marriage ban tossed by federal judge

July 1, 2014
Bloomberg News
Kentucky’s gay-marriage ban was thrown out Tuesday by a federal judge who derided the government’s arguments as “bewildering."
More

Pence tells feds that HIP 2.0 has broad support

July 1, 2014
 The Statehouse File
State officials say they will submit a plan Wednesday to expand the Healthy Indiana Plan to more uninsured Hoosiers using federal Medicaid dollars.
More

Kellogg steps down from executive post with Pacers

July 1, 2014
 IBJ Staff
Clark Kellogg, 52, who played with Pacers from 1982 to 1987, will depart as vice president of player relations, a position he’s held since 2010.
More

Ex-Center Township trustee official charged with theft

July 1, 2014
Scott Olson
Federal prosecutors on Tuesday charged former CFO Alan S. Mizen, 59, of Zionsville with theft and embezzlement of federal program funds. If found guilty, he faces up to 10 years in federal prison.
More

Counties worry about cost of criminal code changes

July 1, 2014
Associated Press
Sweeping changes to Indiana's criminal code took effect Tuesday that will send more low-level, nonviolent criminals to community corrections programs and jails instead of state prisons.
More
Page  << 1 2 3 4 5 6 7 8 9 10 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  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.

ADVERTISEMENT