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News & Analysis
'Peanut King' diversifies to keep 52-year-old company thriving
April 20, 2009
Sam StallRichard Green Co., founded in 1957, is a mini-conglomerate of sorts, selling pretty much anything necessary for work in the
food-concessions business.
MoreWhite River Capital negotiating new terms for its First Chicago Bancorp merger
April 20, 2009
Peter SchnitzlerIn a March 13 filing with the Securities and Exchange Commission, publicly traded White River revealed it's postponed its
merger with First Chicago Bancorp, and now is negotiating new terms.
MorePrice tag for I-69 project growing
April 20, 2009
Chris O'MalleyThe environmental report shows that the extension for Interstate 69 will cost at least $3 billion.
MoreLauth, a once-booming developer, has sliced 90 percent of work force, lost control of some properties
April 20, 2009
Cory SchoutenStruggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a
major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
MoreIndy Gen-X group to tout city to out-of-town recruits
April 20, 2009
Kathleen McLaughlinIndyHub, the city's young professionals network, will launch a new Web site, circlingthecity.com, to pique the interest of
out-of-towners who are being recruited by local companies.
MoreCasino-tax controversy lit fire under residents of Fairland, a long-forgotten town
April 20, 2009
Kathleen McLaughlinWith a town government behind them, Fairland-area residents hope any future growth will be to their benefit.
MoreNoblesville offered generous incentives to Simon for mall
April 20, 2009
Cory SchoutenThe old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
MoreMayor hopes to fix budget by offering naming rights to city-owned properties
April 20, 2009
Anthony SchoettleCity officials want to raise money by selling sponsorships, advertising and possibly even naming-rights deals for city-owned
properties as they attempt to chip away at a projected $23 million deficit in the municipal budget.
MoreExports rise despite recession
April 20, 2009
Chris O'MalleyIndiana's growing shipments to China averts a reversal in exports for the state, but core transportation equipment takes a
hit.
MoreSimon layoffs would jeopardize HQ incentive deal
April 20, 2009
Cory SchoutenDuring one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees,
officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
MoreSimon family's interests helped city thrive, but taxpayers paid the price
April 20, 2009
Cory SchoutenThe Simon family's role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
More$4.7B WellPoint deal leaves workers in limbo
April 13, 2009
J.K. WallInvestors cheered this morning after WellPoint Inc. agreed to sell its pharmacy management unit to Express Scripts Inc., but
the fate of about 2,100 WellPoint employees now is up in the air.
MoreWellPoint to sell subsidiary for $4.6B
April 13, 2009
J.K. WallWellPoint Inc. has
agreed to sell its pharmacy benefits management arm for $4.675 billion in cash and stock to St. Louis-based Express Scripts,
the companies announced April 13.
MoreWomen's Fund narrows its focus
April 13, 2009
Katie MaurerCritical endowment has lost half its value during slump
MoreSteak n Shake nixes $4M contract with ad firm after less than 3 months
April 13, 2009
Anthony SchoettleLess than three months after hiring a new advertising agency, Steak n Shake has jettisoned and is now suing Georgia-based
The Varnson Group.
MoreProlonged woes reshape Connersville, city once known as 'Little Detroit'
April 13, 2009
Kathleen McLaughlinWith economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
MoreDoc sues Web-savvy ex-patient
April 13, 2009
J.K. WallDr. Barry Eppley, an Indianapolis surgeon, says an online crusade by a disgruntled former patient is taking a toll on his
practice, and he's suing her.
MoreConseco's Prieur, others suffering steep losses on purchase of shares
April 13, 2009
J.K. WallConseco CEO Jim Prieur keeps putting his money where his mouth is, purchasing more than a half-million
shares of his company's stock over two years.
MoreQuality-control firm launches after key player folds
April 13, 2009
Kathleen McLaughlinEntrepreneur Steven J. Cage has launched a new quality-control business after the one he built into an industry leader shuttered
suddenly.
MoreRecession slices into golf business; courses roll out promotions
April 13, 2009
Anthony SchoettleIndiana golf course operators are nervous about how the recession might lead to fewer golfers and lost revenue.
MoreStem cell discovery promises health care revolution
April 13, 2009
Bloomberg NewsScientists are using a new stem-cell technique that may someday revolutionize care for disorders as diverse as diabetes, Alzheimer's
disease and muscular dystrophy.
MoreIndiana playing trailblazing role in drive to tailor pharmaceuticals to genetic makeup of individuals
April 13, 2009
Chris O'MalleyIndiana is becoming not only a hotbed of "pharmacogenomics" research, but also a trailblazer in finding practical ways to
use it on the practitioner level.
MoreOmnicity seeks financial turnaround, has 28 acquisitions in mind
April 13, 2009
Chris O'MalleyDick Beltzhoover, a private investor in Omnicity Corp., a Carmel-based wireless broadband provider, has quietly taken the
company public and has lofty plans to expand nationwide.
MoreStartup Carbon Motors could create 1,500 jobs
April 13, 2009
Kathleen McLaughlinHoosier economic development officials are working to attract police-car maker Carbon Motors to Connersville.
CIB rescue plan counts on new hotel being big success
April 13, 2009
Peter SchnitzlerThe Marion County Capital Improvement Board's bailout depends on the success of Indianapolis' new downtown JW Marriott convention
hotel.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!