News & Analysis

INSIDE DISH: St. Elmo stakes out expansion plan

April 1, 2011
Mason King
St Elmo Watch VideoCo-owner Craig Huse's designs to create a 3,000-square-foot bar above the landmark eatery is just another example of Elmo's tradition-based evolution.
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Colleges spend big, lose big on women's basketball

April 1, 2011
Bloomberg News
Across the U.S., the most popular women’s college sport is in the red. Women’s basketball at the 53 public schools in the six largest conferences recorded operating losses last fiscal year of $109.7 million, while the men’s teams reported operating profits of $240 million.
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U.S. unemployment rate falls to two-year low

April 1, 2011
Associated Press
The nation added 216,000 jobs last month, with private employers adding more than 200,000 jobs for a second straight month. However, a big factor in the lower jobless rate is that many people who stopped looking for jobs still aren't looking for one.
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Hinkle Fieldhouse slated for $25 million restoration

April 1, 2011
Scott Olson
A capital campaign is under way to fund improvements to the historic arena on the campus of Butler University. Upgrades will include more seating for season-ticket holders and a new scoreboard with video capabilities.
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Organic-food delivery service growing its operations

April 1, 2011
Sean Morrison
Indianapolis-based Green B.E.A.N. Delivery planted a seed here four years ago, and now the organic food-shipping service is cultivating its own 60-acre farm in Sheridan.
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Indiana college to break ground on pharmacy school

April 1, 2011
 IBJ Staff and Associated Press
Northern Indiana's Manchester College plans to begin work this summer on the college's new $18 million pharmacy school.
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Bills would set fall votes for Indiana school boards

April 1, 2011
Associated Press
All school board elections across Indiana would be moved to the November ballot under bills advancing in the state Legislature.
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Scientists question claims in biotech letter

April 1, 2011
Associated Press
The widespread Internet posting of a letter by a retired Purdue University researcher who says he has linked genetically modified corn and soybeans to crop diseases and to abortions and infertility in livestock has raised concern among scientists that the public will believe his unsupported claim is true.
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Democrats skip session while leader discusses fines

March 31, 2011
Associated Press
A House session scheduled for Thursday morning never took place as Democratic leader Pat Bauer Republican leader Brian Bosma discussed fines the Dems received for walking out on their jobs.
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Suit accuses Bank of America of fraud, racketeering

March 31, 2011
Scott Olson
The complaint, filed in Marion Superior Court, follows a similar suit that was dismissed in federal court. Bank of America and its Countrywide unit are accused of using perjured affidavits to foreclose on homes.
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Battery charges dropped against Fair Finance co-owner

March 31, 2011
Cory Schouten
The Hamilton County Prosecutor's Office has dropped domestic battery charges against Fair Finance Co. co-owner Jim Cochran after the alleged victims declined to pursue the case.
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Indy lawyer pays $371,000 to settle Fair Finance lawsuit

March 31, 2011
Greg Andrews
Fair Finance's bankruptcy trustee says attorney Stephen Plopper and his wife are paying the full amount due under a loan that matured in 2006.
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Drugmaker Lilly launches global service program

March 31, 2011
Associated Press
Eli Lilly and Co. is starting a service program that sends employees around the world to help developing communities and learn about other cultures, as the drugmaker looks to international markets.
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Second whistleblower joins suit against Rolls-Royce

March 31, 2011
Associated Press
A second person has joined a lawsuit alleging Rolls-Royce Corp. concealed repeated defects at an Indianapolis aircraft engine plant and fired workers for reporting problems.
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United Way chapters teaming to improve graduation rates

March 31, 2011
Indianapolis Mayor Greg Ballard will participate Thursday morning in a national online meeting as part of an education initiative that hopes to attract 1 million volunteers.
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Indiana House backs GOP state budget plan

March 30, 2011
Associated Press
The Indiana House has approved a Republican-backed state budget plan that would keep overall education funding at current levels while making major shifts in the way money is divvied up among individual school districts.
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IBM files court motion to depose Daniels, aide

March 30, 2011
Associated Press
Gov. Mitch Daniels and his chief of staff were both deeply involved in Indiana's decision to outsource the automation of welfare intake, and they should provide depositions in lawsuits over IBM Corp., a lawyer for the company argues in a brief.
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Advocates: Indiana can lead U.S. in schools overhaul

March 30, 2011
Associated Press
Education advocates told hundreds of cheering supporters at a Statehouse rally Wednesday that Indiana could lead the nation in overhauling schools.
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Labor bills targeted in boycott pass Indiana House

March 30, 2011
Associated Press
Republicans in the Indiana House on Wednesday pushed through three labor-related bills that had drawn protests from Democrats during their five-week legislative walkout.
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School voucher proposal approved by House

March 30, 2011
Associated Press
The GOP-led House voted 56-42 on Wednesday in favor of the bill that would use taxpayer money to help some parents move their children from public schools to private schools.
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Indiana House backs ban on higher minimum wages

March 30, 2011
Associated Press
Cities and counties across the state would be prohibited from setting higher minimum wages under a bill approved by the Indiana House.
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Lafayette Life leaving in June; 159 jobs affected

March 30, 2011
All 159 employees of the insurance company will either relocate to Cincinnati or lose their jobs, according to a spokeswoman for Lafayette Life's parent company. Lafayette Life was founded in 1905.
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Indians renew TV deal for home games

March 30, 2011
 IBJ Staff
All 72 home games for the Indianapolis Indians are scheduled for broadcast on Comcast's Xfinity and Bright House Networks.
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Emmis gets additional year to repay debt

March 30, 2011
Scott Olson
Lender Canyon Capital Advisors LLC agreed to extend the maturity date on $182.9 million in senior bank debt from November 2013 to November 2014, giving Emmis additional breathing room to operate.
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Kroger plans $3.8 million school investment

March 30, 2011
 IBJ Staff and Associated Press
The Cincinnati, Ohio-based grocer announced Wednesday a new three-year, $3.8 million investment that will support library grants, schools and a literacy initiative across Indianapolis.
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