News & Analysis

Bren Simon makes $21M California land purchase

May 28, 2010
 IBJ Staff
The Ventura County properties include 100 acres in Hidden Valley, near Thousand Oaks, The Wall Street Journal said. Two lots have homes and the third is used for livestock operations.
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Race vendors gearing up for big weekend

May 28, 2010
Scott Olson
Continued fallout from a contentious open-wheel split, coupled with an uncooperative economy, have led to sagging sales for many Indianapolis 500 vendors like Ben Justice, left. But they say they have reason to be optimistic.
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EnerDel forms joint venture with Chinese autoparts maker

May 27, 2010
Kathleen McLaughlin
Battery company will offer expertise to help Wanxiang build Chinese factory, fill backlogs. Indiana employment could reach 3,000, but there's no target date for achieving that milestone.
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Economic rebound slowed last quarter

May 27, 2010
Associated Press
The economic recovery last quarter turned out to be slower than first thought, one of the reasons unemployment is likely to stay high this year.
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Finish Line co-founder retiring as chairman

May 27, 2010
 IBJ Staff
Alan Cohen will be succeeded by Glenn Lyon, who will retain his position as CEO.
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Downtown merchants sponsor new farmer's market

May 27, 2010
Kathleen McLaughlin
Goldman Jewelry, J.P. Parker Flowers and Shapiro's Deli plan a Tuesday evening farmer's market on the south side of downtown Indianapolis beginning June 1.
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HHGregg's profit slips despite higher revenue

May 27, 2010
 IBJ Staff
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
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Hat World to acquire Sports Avenue stores

May 27, 2010
 IBJ Staff
Locally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.
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Suspended Kruse hopes to keep famous auction going

May 26, 2010
Associated Press
Kruse's attorney said his 69-year-old client would like to find some way to keep the annual auction alive, possibly by finding another auction company to run this year's event.
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Seven years of work expected for central Indiana highway

May 26, 2010
Associated Press
Work is to start next year on upgrading the highway through Carmel and Westfield to interstate standards in phases through 2017.
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UPDATE: Lawsuits could still go forward, despite Emmis deal

May 26, 2010
Scott Olson
Company shareholders challenging the transaction to sell Emmis Communications Corp. still could be awarded damages despite the board's decision to OK the deal, lawyer says.
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WellPoint pledges two-day hospital stays after mastectomy

May 26, 2010
J.K. Wall
In the company's latest response to withering criticism of its breast-cancer policies, WellPoint Inc. said it will pay for any breast cancer patient to stay two days in a hospital after surgery.
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LEADING QUESTIONS: Small-biz tips from finance whiz

May 26, 2010
Mason King
Wojtowicz_WatchVideoJean Wojtowicz, whose firm has helped fund more than 1,200 Indiana companies, recommends the "front-page test," looking seriously at expanding, and pulling the trigger quickly on toxic employees.
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Football coaches' group to convene in Indianapolis

May 26, 2010
 IBJ Staff
The four-day events in 2014 and 2019 are expected to draw about 7,000 attendees each and fill a total of more than 20,000 room nights, likely ranking among the city’s 25 largest conventions each year.
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Local firm to manage city's infrastructure initiative

May 26, 2010
 IBJ Staff
American Structurepoint has been tapped by the Department of Public Works as program manager for the city’s “RebuildIndy” infrastructure-improvement initiative.
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Formula One set for U.S. comeback

May 26, 2010
 IBJ Staff and Bloomberg News
Formula One, which hasn't conducted a U.S. race since 2007 in Indianapolis, plans to return to the United States in 2012 with an event at a new track in Austin, Texas.
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Indianapolis Zoo opening new cheetah exhibit

May 26, 2010
 IBJ Staff and Associated Press
The $2 million exhibit opens Saturday featuring five of the fastest animals on land.
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Effective stats are new hurdle for U.S. drugmakers

May 26, 2010
J.K. Wall
WellPoint Inc.'s announcement of comparative effectiveness research guidelines last week marks a new era for U.S. drugmakers. The Indianapolis-based health insurer will use studies that compare the effectiveness of one drug against another as a complement to typical clinical trial research that compares a drug against a placebo sugar pill.
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Summit to counsel cities on reform

May 26, 2010
J.K. Wall
Now that health reform is law, a local not-for-profit group, Better Healthcare for Indiana, wants to help Indiana community leaders use the law to slow runaway medical spending while improving the health of their citizens.
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CEO Smulyan gets OK to take Emmis private

May 26, 2010
 IBJ Staff and Bloomberg News
Emmis Communications Corp. agreed to be acquired for about $90 million by closely held JS Acquisition LLC, a company formed by Emmis CEO Jeff Smulyan.
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Governor backs card counter banned by casino

May 25, 2010
Associated Press
Indiana Gov. Mitch Daniels used the story of a blackjack player's lawsuit in telling Franklin College graduates about using skill to push the odds in one's favor.
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Retail project in search of tenants after Ace deal falls apart

May 25, 2010
Cory Schouten
A not-for-profit group that's hoping to build a retail project at the northeast corner of 22nd and Delaware streets is looking for tenants after a deal for an Ace Hardware fell apart.
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Police reviewing death of Tomisue Hilbert's mother

May 25, 2010
Scott Olson
Information that could prove her death was not an accident has surfaced during civil proceedings involving a life insurance policy.
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Stocks plummet on economic worries

May 25, 2010
Associated Press
The Dow Jones industrials plunged below 10,000 Tuesday as traders turned away from stocks amid worries about the global economy and tensions between North and South Korea.
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AMC sells Greenwood theater to Regal Entertainment

May 25, 2010
 IBJ Staff
AMC divested the property in order to proceed with its $275 million deal to buy 93 theaters operated by Kerasotes Showplace Theatres.
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  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

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