News & Analysis

Fishers money manager target of state probe

April 14, 2011
Scott Olson
The Indiana Secretary of State’s Office is investigating prominent Fishers money manager Keenan Hauke after one of his advisers accused Hauke of financial irregularities involving a hedge fund he operates.
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Arizona-style provision removed from immigration bill

April 14, 2011
Associated Press
The House Public Policy Committee made several changes Thursday to the bill proposed by Republican Sen. Mike Delph of Carmel and could vote on it Friday. The legislation includes tax penalties for businesses that hire illegal immigrants.
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UPDATE: Chamber leaders clashed on transit strategy

April 14, 2011
Kathleen McLaughlin
A turf battle over mass transit may have fueled Roland Dorson's apparent departure from the Greater Indianapolis Chamber of Commerce.
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Indianapolis-area home sales continue to slump

April 14, 2011
Sale agreements in the nine-county Indianapolis area fell 20 percent in March compared to the same month of 2010. Local home sales have been in a downward spiral for nearly a year.
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Applications for unemployment benefits rise nationally

April 14, 2011
Associated Press
The government says applications for unemployment benefits rose 27,000, to a seasonally adjusted 412,000 for the week ended April 9. That left applications at their highest point since mid-February.
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Foreclosure filings fall in state, nation

April 14, 2011
 IBJ Staff and Bloomberg News
Foreclosure filings in Indiana dropped 36 percent in the first quarter from the year-ago period, and 27 percent nationally. An industry report, however, attributes the decline to paperwork delays related to a documentation scandal.
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Blue Ribbon Transport plans move, new jobs

April 14, 2011
 IBJ Staff
Indianapolis logistics firm Blue Ribbon Transport Inc. will invest $1 million to move into a larger headquarters, adding as many as 75 jobs over the next three years, economic development officials said Thursday morning.
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Indiana's largest school system cutting 357 teachers

April 14, 2011
 IBJ Staff and Associated Press
Indianapolis Public Schools said Wednesday it will cut 357 teaching jobs to fill a nearly $21 million budget hole due to cuts in state funding.
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Dorson on leave amid fallout with executive committee

April 14, 2011
 IBJ Staff
Roland Dorson, president of the Greater Indianapolis Chamber of Commerce, has had a falling out with the group’s executive committee and has gone on leave from the organization.
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Indiana panels OK teacher merit pay, voucher bills

April 13, 2011
Associated Press
Two pieces of Indiana Gov. Mitch Daniels' sweeping education plan, a voucher plan that would direct taxpayer money to private schools and a merit pay bill that links teacher pay to student performance, cleared key legislative hurdles Wednesday.
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Indiana Democrats seek more time with GOP redistricting plan

April 13, 2011
Associated Press
Outnumbered Democrats in the Indiana House argued Wednesday that the new election districts proposed by Republicans would lead to fewer competitive races and create more solidly GOP seats.
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Downtown Jillian’s restaurant owner files Chapter 11

April 13, 2011
Scott Olson
Locally based FB&F Entertainment LLC, which operates downtown restaurant and entertainment complex Jillian's, lists no assets and liabilities of nearly $2.2 million.
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Disasters hammer Baldwin & Lyons—again

April 13, 2011
J.K. Wall
Indianapolis insurer Baldwin & Lyons Inc. stands to lose $15.5 million as a result of the earthquake and tsunami in Japan, as well as other disasters in Australia and New Zealand.
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Investor rates bond for Palladium among nation's best

April 13, 2011
Kathleen McLaughlin
Municipal bond manager Josh Gonze of Thornburg Investment Management in Santa Fe, N.M., picked the $80 million bond on Carmel's Palladium concert hall as one of the six best in the nation.
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Equal Pay Day highlights persistent wage disparity

April 13, 2011
Scott Olson
In Indiana, women working full time are paid an average of $31,762 per year while men earn an average of $43,631 annually, U.S. Census Bureau statistics show.
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Town of Plainfield backs logistics training center

April 13, 2011
Kathleen McLaughlin
The Plainfield Town Council has agreed to spend $500,000 over the next five years to help Vincennes University create the VU Logistics Training and Education Center, the college announced Tuesday.
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Panel OKs bill linking student tests, teacher pay

April 13, 2011
Associated Press
Teacher pay would be linked to student performance under a merit pay bill that has cleared an Indiana House committee.
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Marsh CEO Lazaran leaving company; successor picked

April 13, 2011
 IBJ Staff
Supermarket News, citing unnamed industry sources, reported late Tuesday that former Price Chopper executive vice president Joseph Kelley would replace Frank Lazaran, who has been CEO of Marsh Supermarkets since 2006.
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Citizens Energy agrees to document utility savings

April 13, 2011
Associated Press
A not-for-profit public trust that wants to buy Indianapolis' water and sewer utilities has agreed to document all of the savings it says the $1.9 billion deal would create. State regulators still must approve the transaction.
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Indiana panel OKs criminal checks on medical workers

April 12, 2011
Associated Press
Physicians, dentists, nurses, veterinarians, pharmacists and other medical workers would have to undergo a criminal background check when applying for a new state license under a bill approved Tuesday by an Indiana House committee.
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Senate OKs plan aimed at expanding charter schools

April 12, 2011
Associated Press
The Indiana Senate has approved Gov. Mitch Daniels' proposal aimed at expanding charter schools, marking the first piece of the governor's sweeping education agenda to clear both the House and Senate.
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Daniels' plan on sentencing changes appears dead

April 12, 2011
Associated Press
Daniels had made revamping of the criminal sentencing laws one of his top priorities for this year's legislative session, but lawmakers handling the bill said Tuesday they hadn't been able to reach a compromise and didn't expect more action before the General Assembly's April 29 adjournment deadline.
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Butler's Mack to test NBA waters without agent

April 12, 2011
Bloomberg News
Butler University junior guard Shelvin Mack will declare for the NBA draft, but not hire an agent, keeping his college eligibility as he considers his options.
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Calumet Specialty hopes to raise $375M to pay off debt

April 12, 2011
Kathleen McLaughlin
Indianapolis oil-refiner Calumet Specialty Products Partners LP intends to sell $375 million in senior notes to pay off existing debt.
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Gun bill advances without exemption for Indy venues

April 12, 2011
Kathleen McLaughlin
The Capital Improvement Board, which runs the Indiana Convention Center and the city’s professional sports venues, had hoped to get an exemption to Senate Bill 292, which pre-empts local governments from creating their own rules about where people can carry guns.
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  1. On my rental property, before tax caps, I was paying $2,000/yr in property taxes. After the tax caps I'm paying $4,000/yr. How exactly am I "benefiting the most"?

  2. Nick, I too tried that new Walmart NM on Michigan a couple of weeks ago. I had the same feeling, it had good prices, but something was just off about it. I can't put my finger on what it is, but it just didn't feel right. On the plus side, it was easy to get in and out of and much less busy than a typical Walmart.

  3. @Young Hoosier - you might want to check out the Paris skyline again....it's decidedly taller than 7-8 stories http://all-that-is-interesting.com/paris-skyline-photo

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  5. So the GOP legislature passed a bill that gave big breaks to business at the expense of Indiana families. Color us not surprised.

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