News & Analysis

WellPoint expected to look for growth overseasRestricted Content

July 28, 2008
J.K. Wall
WellPoint Inc., the most dominant health insurer in the United States, registers as barely a pipsqueak in the rest of the world. But it's only a matter of time, say industry experts, before WellPoint plunges into foreign markets to grow sales of its health benefits and services.
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Dry cleaner's fight against sons' rare disease could lead to other life-saving treatmentsRestricted Content

July 21, 2008
Anthony Schoettle
Nathan's Battle Foundation, led by Phil Milto--who has two sons afflicted with the disease--has evolved over 10 years into what Milto calls a not-for-profit biotech company that has raised money and guided research that resulted in a promising treatment for Batten disease. Now, some of the gene therapy techniques researchers developed are being applied to other disorders.
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Once-thriving tennis tournament struggles to stay relevantRestricted Content

July 21, 2008
Anthony Schoettle
A dearth of name players, slumping attendance and an outdated venue have some in the local tennis community wondering if the Indianapolis Tennis Championships--formerly known as the RCA Championships--needs some serious re-stringing. Attendance at the nine-day event, which ran July 12-20 this year, was on pace through July 16 to be at a 20-year low. But attendance is far from the tournament's only challenge.
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CMG Worldwide takes tussle over vintage baseball cards to courtRestricted Content

July 21, 2008
Peter Schnitzler
New York Yankees first baseman Lou Gehrig died in 1941 of a disease that came to bear his name. Six years later, second baseman Jackie Robinson famously broke through baseball's color barrier with the Brooklyn Dodgers, earning the league minimum $5,000. He died in 1972. Mark Roesler believes the best earning years still lie ahead for both legendary players, as well as many others like them. But first he must untangle their image rights in federal court in Indianapolis.
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New president shakes up nursing home group: Three quarters of staff leaves within months of arrivalRestricted Content

July 21, 2008
J.K. Wall
Steve Smith has shaken up the Indiana Health Care Association so much, the group representing Indiana's for-profit nursing homes is hardly recognizable to those who knew it before. And the way Smith tells it, he's just getting started.
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Recession squeezes local logistics industryRestricted Content

July 21, 2008
Peter Schnitzler
State economic development leaders remain bullish on Indiana's future as a logistics hub even as two local players have been forced into bankruptcy and others struggle with high fuel prices.
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10 local Starbucks will be among 600 nationwide closingsRestricted Content

July 21, 2008
Cory Schouten
At least 10 local Starbucks stores are slated to close by early next year as part of a 600-store nationwide purge. The chain has named only 50 of the stores it plans to close, including two in Indiana, but it has notified the others. Those include at least six in Indianapolis and stores in Carmel, Greenwood and Beech Grove.
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New Martin University president draws ire

July 21, 2008
Tracy Donhardt
In less than four months, new Martin University President Algeania Freeman said, she hit her two main objectives for the state's only predominantly black university: cut costs and increase fund raising. But her whirlwind of activity has not come without controversy.
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Oil companies drill in Indiana fields thought to be 'played out' a century agoRestricted Content

July 14, 2008
Chris O'Malley
Sky-high oil prices have rekindled an industry in east-central Indiana that many thought had run its course a century ago. A handful of wily prospectors motivated by oil prices approaching $150 a barrel are betting that's not the case.
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Ice Miller attorney departs, takes sports practice with himRestricted Content

July 14, 2008
Anthony Schoettle
Sports agent Andrew "Buddy" Baker has left locally based law firm Ice Miller and is taking with him the firm's sports division, IM Sports Services, which he wants to develop into a giant agency with a national reach. Baker's new firm, Exclusive Sports Group, starts with a list of high-profile clients.
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Sports Corp. made city a sports giant, but real estate plans fell shortRestricted Content

July 14, 2008
Cory Schouten
Construction of Pan Am Plaza in the mid-1980s was a major step in the evolution of Indianapolis into a sports town worthy of hosting a Super Bowl. But the office building, parking garage, skating rinks and public gathering place came up short over the years in other ways for both taxpayers and developer, the Indiana Sports Corp.
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Charitable giving becomes bigger part of event celebrationsRestricted Content

July 14, 2008
Jennifer Whitson
Kathryn Morgan and Richard Cimera met at a dog park in Greenwood, where Cimera's basset hound won over Morgan's shy Labrador and boxer mix. And the owners soon followed suit, dating and then marrying on June 13. When the Greenwood couple planned their wedding, they wanted a way to share a bit of their happiness. So, in lieu of party favors, they made a donation to an animal-welfare organization.
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Candidates surface for IU's athletic director jobRestricted Content

July 7, 2008
Anthony Schoettle
Well-known names are bubbling to the top as speculation heats up about who will replace embattled Indiana University Athletic Director Rick Greenspan and how much money the job will command. Greenspan announced June 26 that he'll step down at the end of the year. The decision came after the NCAA added to the list of charges facing IU's men's basketball program over rules violations under former Coach Kelvin Sampson.
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Entrepreneur has high hopes for deck-chair markersRestricted Content

July 7, 2008
Jennifer Whitson
In late May, Darrell Bowman launched Lounge Hats LLC, an Indianapolis-based company that makes fabric covers that fit over beach or pool-side chaise lounges to make one thing clear: This seat is taken. Bowman withdrew $20,000 from personal savings and added another $50,000 from an investor, his friend Mike Oswalt, to start the company. He runs Lounge Hats out of his garage, hiring a Chinese company to sew the hats and contracting with a local printer to finish them off.
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Ex-franchisees sue Noble Roman'sRestricted Content

July 7, 2008
Cory Schouten
Nine former Noble Roman's franchisees and a current operator have filed a lawsuit charging that the Indianapolis chain lied to them about the costs and risks of opening one of its pizza and sub restaurants. The franchisees say the 1,000-restaurant chain aggressively marketed its stand-alone, dual-brand Noble Roman's and Tuscano's Italian Style Subs restaurants without testing the concept--a scheme they contend was designed to inflate the company's stock price so owners could unload shares at a profit.
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High fuel prices take toll on resale values for trucks, SUVsRestricted Content

July 7, 2008
Chris O'Malley
As motorists rush to buy antacid pills with each $4.25-a-gallon fill-up, the same car dealers who got pudgy five years ago selling SUVs with $6,000 profit margins are scrambling to profit from Aveos or anything else with decent mileage.
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State Chamber of Commerce sues Christian counterpartRestricted Content

July 7, 2008
Peter Schnitzler
On June 15, the Indiana Chamber of Commerce, which represents more than 4,800 businesses around the state, filed a federal lawsuit against the upstart Indiana Christian Chamber of Commerce. The complaint alleges trademark infringement, unfair competition, counterfeiting and forgery.
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Ralston Square development lures bar, hotel, bowling alleyRestricted Content

July 7, 2008
Cory Schouten
A trendy bar and an upscale hotel have agreed to anchor the 11-story Ralston Square project slated for South Street between Meridian and Pennsylvania streets. The developers of the $60 million mixed-use project are moving forward after landing the tenants necessary to secure a loan commitment, said Brian Epstein, president of locally based Urban Space Commercial Properties and a partner on the project.
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Lender claims M&I Plaza when it fails to sell at auctionRestricted Content

June 30, 2008
Cory Schouten
A Maryland company has taken ownership of downtown's 28-story M&I Plaza just three months before a major tenant departure leaves the skyscraper 70-percent vacant. The new owner is CapitalSource Inc., a commercial finance and investment firm based in Chevy Chase, Md. It had been a lender to the former owner, which defaulted.
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Ailing Steak n Shake rehires ad agency, but will pact stick?Restricted Content

June 30, 2008
Anthony Schoettle
Local advertising powerhouse Young & Laramore signed a new contract with Steak n Shake, one of its flagship clients, just two weeks ago, but ad industry observers can't help but wonder if the 18-year-old relationship is about to run its course. Before the ink on the contract was dry, the struggling hamburger chain had a new board chairman who is likely to shuffle Steak n Shake's executive suite and take the company in a new direction.
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Group plots public-private revival for midtown Meridian neighborhoodsRestricted Content

June 30, 2008
Cory Schouten
There was a time when residents of Meridian Kessler, Butler Tarkington, and Broad Ripple viewed North Meridian Street as a connection between their neighborhoods. These days, the road feels more like a divide-an intimidating commuter highway between downtown and the northern suburbs that discourages pedestrian and bicycle traffic. A partnership of community groups including the Meridian Street Foundation is hoping to change that by giving the neighborhoods a collective identity--Midtown--and mixing private and public money to fund major infrastructure improvements.
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Angie's List, AT&T fight in court over consumer firm's logoRestricted Content

June 30, 2008
Chris O'Malley
A federal court this month gave a thumbs-down to a lawsuit filed by Angie's List claiming that AT&T Yellow Pages violated trademark laws by publishing ads containing the Angie's List logo of a servicewoman giving a "thumbs-up." But on June 25--two weeks after the court dismissed the suit saying its legal arguments were "meager" and "insubstantial"--the publisher of online and print business directories filed an amended case against AT&T in U.S. District Court.
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Premier's White taken into custody, posts bond

June 26, 2008
Cory Schouten
Premier Properties USA Inc. founder Christopher P. White was taken into police custody early this morning and released after he posted bond.
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Conseco wins $29M judgment in latest round of legal warRestricted Content

June 23, 2008
J.K. Wall
Conseco Inc. has won another round in court against former Merchants National Bank CEO James D. Massey this month, ringing up a $29 million judgment against him in a court in Illinois. But Massey shows no sign of throwing in the towel in the years-long litigation over millions he borrowed to buy Conseco stock. Massey was a director of Conseco from 1994 to 2000.
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Big NCAA swim event might land in cityRestricted Content

June 23, 2008
Anthony Schoettle
The NCAA is considering bringing its men's and women's Division I, II and III championships together for one big festival of swimming, and the IUPUI Natatorium is a leading candidate to be the permanent site of the annual event.
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