News & Analysis

New-car dealers hit hard in 2009Restricted Content

August 7, 2010
Chris O'Malley
Indiana lost 49 new-car dealers last year, the biggest thinning of the herd in at least a decade, according to data released last month by the National Automobile Dealers Association.
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Ford dealer celebrates 50-year milestoneRestricted Content

August 7, 2010
Chris O'Malley
This month, Pearson Ford, 10650 N. Michigan Road, is celebrating a rare thing among car dealers: its 50th birthday.
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Linking Indianapolis-area bus systems becoming priority for plannersRestricted Content

August 7, 2010
Chris O'Malley
Connecting rural bus systems with one another and with IndyGo must happen before commuter rail becomes a reality.
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Slumping chocolate firm hopes to recapture early momentumRestricted Content

August 7, 2010
Kathleen McLaughlin
Endangered Species Chocolate, which saw growth spike from 2005 through 2007, lost 20 percent of its revenue in 2009. Sales dropped from $14 million in 2008 to $11 million last year. New Curt Vander Meer has plans to bring the company back to its former glory, one chocolate bar at a time.
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Property shuffle aims to connect police, fire services with neighborhoods

August 7, 2010
Cory Schouten
The city plans to open police-and-fire hubs in two former IPS schools, retrofit an Eastgate mall department store into an Emergency Operations Center, and build at least two fire stations.
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Summer is key time for those who raise Christmas trees

August 7, 2010
Joe Jasinski
Christmas and July harmonize like a blizzard on Independence Day, but the summer months are perhaps the most vital for Tom Dull and his wife, Kerry, who raise 23,000 Christmas trees on their peaceful farm in Thorntown.
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INSIDE DISH: Kelties eyes return to salad days

August 6, 2010
Mason King
Kelties_WatchVideoOwner and chef Keltie Domina is relying on cost-cutting, an uptick in sales and her talent for shifting strategies to dig out of a recession-based deficit.
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Emmis delays vote on buyout again

August 6, 2010
Anthony Schoettle
As preferred shareholders continue holdout, Emmis postpones vote to take company private. Issue will be taken up again Aug. 13.
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Assistant commissioner promoted to lead IHSAA

August 6, 2010
Associated Press
The IHSAA announced Friday that Bobby Cox would replace Blake Ress as commissioner in February when Ress retires after 10-1/2 years in the position.
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Logistics teams compete on public stage

August 6, 2010
Joe Jasinski
About 400 people and nine teams convened at a vacant 96th Street distribution center Thursday for the inaugural Indianapolis LogistXGames.
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Vendors unsure of benefits from more State Fair days

August 6, 2010
Scott Olson
Many say it's too early to tell whether last year's decision to extend the Indiana State Fair schedule by five days is resulting in stronger sales.
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WRTV replaces Wallace as evening newscast anchor

August 6, 2010
J.K. Wall
ABC station did not renew Todd Wallace's contract after three years, instead recruiting Todd Connor, an ABC News correspondent. Wallace's co-anchor, Trisha Shepherd, will stay on.
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Stocks retreat after disappointing jobs report

August 6, 2010
Associated Press
The disappointing jobs data magnifies worries that slowing growth could end up leading the country back into recession during the second half of the year.
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Trustee pressing Daniels, others to return Durham's donations

August 5, 2010
J.K. Wall
Trustee Brian Bash has sent letters to politicians who he says received a total of $900,000 in funds Durham had borrowed from the coffers of Fair Finance, a now-bankrupt investment firm based in Ohio.
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Red Gold expanding Madison County operations

August 5, 2010
Following $5.1 million investment, the company plans to create 42 jobs by 2012 by expanding its production operations in Orestes.
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New store openings drive HHGregg profit

August 5, 2010
Indianapolis-based appliance and electronics retailer opened 26 new stores in its fiscal first quarter and earned $2.7 million in profit.
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Kite Realty Group reports lower funds from operations

August 5, 2010
Scott Olson
Indianapolis-based developer said the loss reflected slower construction activity and lower profit on land and outlet sales. Occupancy at its retail centers increased, however, to 91 percent.
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Brightpoint boosts revenue, profit

August 5, 2010
 IBJ Staff
Brightpoint Inc. on Wednesday reported second-quarter revenue of $788.6 million as the Indianapolis company continued to grow its share of the wireless device distribution business.
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Nordstrom confirms plans to open Rack store in Indianapolis

August 4, 2010
 IBJ Staff
IBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of the Shops at Rivers Edge.
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Gen Con Indy expects to draw 28,000 gaming fans

August 4, 2010
 IBJ Staff and Associated Press
Gen Con Indy runs Thursday through Sunday at the Indiana Convention Center. It's in its 42nd year.
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Indiana state revenue falls short of projections again

August 4, 2010
Associated Press
The State Budget Agency reported Wednesday that Indiana collected $917 million in July, $15 million below the most recent revenue projections.
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Smulyan considering another option to take Emmis private

August 4, 2010
Scott Olson
The communications company said in a news release that CEO Jeff Smulyan is continuing to negotiate with a group of preferred shareholders and is considering another buyout option that would not require their consent.
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Indiana company planning hybrid van gets GM backing

August 4, 2010
Associated Press
Anderson-based Bright Automotive is getting a boost from a $5 million investment by General Motors' new venture capital arm.
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Hillenbrand profit falls on acquisition costs

August 4, 2010
 IBJ Staff
Excluding acquisition costs, the Batesville-based maker of caskets exceeded Wall Street forecasts with earnings of $28.1 million.
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Indiana Downs cancels horse races after complaints

August 4, 2010
 IBJ Staff and Associated Press
The Shelbyville track's final race on Monday was canceled after a horse pulled up lame and was later euthanized. The track canceled its full card of Tuesday races.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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