News & Analysis

City's Conrad hotel investment starts to pay off for taxpayers

November 6, 2010
Cory Schouten
The city put up $25 million for the hotel, restaurant and condo development at the corner of Washington and Illinois streets, including $3.75 million in exchange for the economic equivalent of an 8-percent stake.
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ExactTarget aims to deliver ads through new channels

November 6, 2010
Chris O'Malley
E-mail is merely one component of e-mail marketer ExactTarget’s explosive growth of late, which included last month’s announcement of 500 new jobs by 2015. ExactTarget’s software-as-a-service platform has expanded to include mobile devices, Facebook and Twitter.
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Drama builds in suit over Hilbert mother-in-law's life policy

November 6, 2010
Kathleen McLaughlin
Businessman J.B. Carlson is in debt for $5.9 million, and he may have been the last person to see 74-year-old Suzy Tomlinson alive. Her $15 million life-insurance policy named him as the beneficiary.
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How hard is it to fire a teacher, really?

November 6, 2010
J.K. Wall
Red tape involved in firing teachers is thick. But risk-averse administrators may be the bigger problem.
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Indiana health exchange may take page from Utah playbookRestricted Content

November 6, 2010
J.K. Wall
In Utah, employers can give each of their workers a specific amount of money to apply toward health insurance. The worker then can use that money to choose from the 66 plans in the health insurance exchange.
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Speedway bolsters staff as Indy 500 centennial nearsRestricted Content

November 6, 2010
Anthony Schoettle
IMS hires former Goldsmith aid Doug Boles to drum up interest, ticket sales in tough environment for motor racing.
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Sports teams spend millions on latest in digital signageRestricted Content

November 6, 2010
Anthony Schoettle
The omnipresence of electronic devices in today’s society has changed the rules of the game for operators of sports stadiums, triggering an arms race to see who can have the biggest jumbotron, the longest ribbon board and the most eye-popping digital displays.
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ITT Educational Services fears recruitment rulesRestricted Content

November 6, 2010
J.K. Wall
New recruiter compensation rules adopted by the U.S. Department of Education could be one more thing that slows or even reverses the torrid growth of Carmel-based ITT Educational Services Inc.
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City revokes four cab companies' licenses

November 5, 2010
The license revocations stemmed from violations such as failure to maintain a dispatch log, failure to maintain a dispatch facility and failed body or mechanical inspections.
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State therapists brace for new structural changes

November 5, 2010
Francesca Jarosz
Some say lower-quality service would result from Family and Social Services Administration changes that require independent therapists to work for agencies.
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Indianapolis Super Bowl project gets $1M boost

November 5, 2010
Associated Press
The grant from JPMorgan Chase Foundation clears the way for construction of the Chase Near Eastside Legacy Center.
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TV ratings for Pacers on the upswing

November 5, 2010
Anthony Schoettle
A revamped roster, new satellite TV agreement, and an overall boost of interest in the NBA is credited for more viewership of the local NBA team.
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Employers add jobs, but rate sticks at 9.6 percent

November 5, 2010
Associated Press
U.S. employers added the most jobs in five months in October, with the education and health care sectors leading the way.
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Daniels: No word on White House run until April

November 5, 2010
Associated Press
Republican Indiana Gov. Mitch Daniels says politicians thinking about the next election in 2012 should "stifle" themselves for a while.
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Indiana Live owners miss interest payment

November 4, 2010
 IBJ Staff and Bloomberg News
The owners of Indiana Live racetrack and casino failed to make an interest payment due Nov. 1 on $375 million in debt, providing additional fodder for credit analysts already worried about its financial condition.
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Daniels wants changes in education, unemployment

November 4, 2010
Associated Press
Republican Gov. Mitch Daniels' 2011 legislative agenda includes expanding charter schools, establishing merit pay for teachers, cutting unemployment benefits and raising unemployment insurance taxes on businesses.
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Lilly wins approval of antidepressant Cymbalta for pain

November 4, 2010
Bloomberg News
The Food and Drug Administration has cleared Cymbalta for musculoskeletal pain such as arthritis and chronic lower back conditions, which could mean another $500 million in annual sales for Lilly, an analyst estimates.
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Part of City Market renovation project put on hold

November 4, 2010
Francesca Jarosz
City planners have downsized their renovation plans because project bids came in too high to meet the $2.7 million budget.
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KAR Auction reports higher profit, revenue

November 4, 2010
The auction company had revenue of $445.3 million in the quarter ended Sept. 30, a 4-percent increase from same quarter of 2009. Profit tripled, to $25.6 million.
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Brightpoint shares rise after results top expectations

November 4, 2010
 IBJ Staff
The wireless-device distributor reported revenue of $889 million in the third quarter, an increase of 3 percent compared to the same quarter of 2009.
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Library cuts 37 employees in effort to reduce deficit

November 4, 2010
The Indianapolis-Marion County Public Library's decision to reduce its work force is in response to expected revenue annual shortfalls of up to $4 million through 2013. The cuts follow a reduction in hours last month.
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Election turnout up only slightly this year

November 4, 2010
Associated Press
Slightly more Indiana voters cast ballots in this year's midterm election than in the last one four years ago despite predictions of a much bigger turnout.
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Marsh rolls out new name at certain stores

November 4, 2010
Francesca Jarosz
The name change could be part of a strategy to rebrand Hometown Markets and make them more appealing for an eventual sale.
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IU economists: Slow growth expected in 2011

November 4, 2010
Scott Olson
Economic growth will remain sluggish into next year as companies remain hesitant to add jobs, Indiana University economists said Thursday morning during their annual forecast.
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Kite Realty improves third-quarter results

November 4, 2010
 IBJ Staff
Indianapolis-based Kite Realty Group Trust improved its financial performance in the third quarter, reporting funds from operations of $7.8 million, up from $2.8 million in the same period last year despite a slight dip in revenue.
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