News & Analysis

Defendant in trial over Palladium defects tries to halt repairs

June 7, 2013
Andrea Muirragui Davis
Attorneys for the Michigan contractor being sued over construction defects at Carmel’s Palladium concert hall have asked a Hamilton County court to stop repair work immediately to preserve evidence in the case.
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IU Health agrees to sell occupational health clinics

June 7, 2013
J.K. Wall
US HealthWorks Medical Group, which specializes in workers' compensation cases, agreed in May to acquire the eight clinics. The deal is expected to close before the end of June.
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Vacant GM stamping plant to be demolished

June 7, 2013
Kathleen McLaughlin
The 2.1 million-square-foot plant, which sits on 102 acres near downtown, opened in 1930 and employed more than 5,000 at its peak. That number was fewer than 700 when it closed two years ago.
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Hurco profit inches higher on stronger European sales

June 7, 2013
 IBJ Staff
The Indianapolis-based maker of equipment for cutting and forming metal beat the weakened economy in Europe, but saw a sales drop in the recessionary Asia Pacific market.
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U.S. unemployment rate rises despite jobs increase

June 7, 2013
Bloomberg News
Employment increased in May for retailers, construction companies, education and health services, leisure and hospitality businesses, and temporary-help agencies. Manufacturers, however, cut jobs for a third straight month.
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Bank gives Indy $1.4M to settle discrimination complaint

June 7, 2013
Associated Press
The settlement results from a complaint that alleged Wells Fargo's properties in white neighborhoods were much better maintained and marketed than properties in minority areas.
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Ball State trustees OK 2-percent tuition hike

June 6, 2013
Associated Press
The 20,000-student school says the increase approved Thursday is the lowest at Ball State in 37 years.
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Ivy Tech increases tuition more than 8 percent

June 6, 2013
Associated Press
The trustees of financially strapped Ivy Tech Community College have approved raising tuition by $5 per credit hour each semester for the next two years amid efforts to close a $68 million budget shortfall.
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Indiana court wades into coal gas plant dispute

June 6, 2013
Associated Press
The state Supreme Court agreed Thursday to step into a legal fight between backers and opponents of a proposed $2.8 billion coal-gasification plant in southwestern Indiana.
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Indy gets $1.6M from EPA to address brownfields

June 6, 2013
Associated Press
Indianapolis is launching a new strategy devoted to cleaning up abandoned industrial sites and sparking development in some of the capital city's most blighted neighborhoods.
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Indiana county pushes ahead with fertilizer plant

June 6, 2013
Associated Press
The Pakistan-based developers of a fertilizer plant have won a southwestern Indiana county's initial approval for the project, weeks after the state pulled its support.
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Downtown steam-plant customers face steep rate increase

June 6, 2013
 IBJ Staff
About 200 downtown business and industrial customers would pay an average of 12.9 percent more for steam services under a rate-increase proposal by Citizens Energy Group.
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NCAA wins dismissal of lawsuit over Sandusky fine

June 6, 2013
Bloomberg News
The lawsuit brought by Pennsylvania Gov. Tom Corbett failed to show a violation of federal antitrust law, U.S. District Judge Yvette Kane said in her decision throwing out the case.
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Fraud victim says he was duped twice over land bank house

June 6, 2013
Kathleen McLaughlin
Joseph Satterfield says he paid twice for his residence at 624 Congress Ave., but he still doesn’t have his hands on the deed to the house that was held by the Indy Land Bank.
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San Francisco firm set to land towing contract

June 6, 2013
Kathleen McLaughlin
AutoReturn is in line for a five-year citywide towing-management deal after getting unanimous approval Wednesday from the Indianapolis Board of Code Enforcement.
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Indiana University board approves tuition increase

June 6, 2013
Associated Press
IU President Michael McRobbie told trustees meeting in Indianapolis that the 1.75-percent hike was the lowest tuition increase possible while ensuring world-class educational opportunities for students
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Vera Bradley CEO retiring after six years on job

June 6, 2013
Associated Press
The Fort Wayne-based company announced Michael Ray's decision on Wednesday as the company reported a 27-percent drop in earnings in its latest quarter and trimmed its yearly outlook.
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Goodwill to open four more dropout recovery schools

June 6, 2013
J.K. Wall
But further expansion is on hold because of a state freeze on new adult-focused charter schools. Lawmakers are concerned the schools are siphoning funds from K-12 education.
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Indiana rolls back some 2010 Medicaid rate cuts

June 5, 2013
Associated Press
The state plans to spend $37 million more each year reimbursing providers. The increase would amount to 2 percent more for hospitals, nursing facilities, home health and immediate care providers.
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Stocks swoon after weak economic reports

June 5, 2013
Associated Press
Companies like miners, banks and chemical makers, whose fortunes are most closely tied to the prospects for growth, fell the most. That's a sign investors are becoming less confident in the U.S. economy.
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Indiana gas prices soar to 50 cents above U.S. average

June 5, 2013
Associated Press
The website Gasbuddy.com said Indiana's average price of a gallon of unleaded regular gas was nearly $4.16 Wednesday afternoon, compared with the national average of nearly $3.64 a gallon.
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Miller Pipeline plans $5.3M expansion, more jobs

June 5, 2013
 IBJ Staff
The Indianapolis-based subsidiary of Vectren Corp. plans to construct a 52,000-square-foot building at its 34-acre corporate campus at 8850 Crawfordsville Road.
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Salesforce to keep ExactTarget independent, 'invest' in it

June 5, 2013
J.K. Wall
In a company memo, ExactTarget CEO Scott Dorsey assures employees of their importance after announcing deal to sell the company for $2.5 billion.
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City’s first spec office building in 5 years opening doors

June 5, 2013
Scott Olson
Sourwine Real Estate Services expects to have its $12 million, 80,700-square-foot project finished later this month in one of the city's hottest north-side development areas.
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Private-sector hiring disappointing in May, ADP says

June 5, 2013
Associated Press
A private survey shows U.S. businesses added just 135,000 jobs in May, the second straight month of weak gains.
More
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  1. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  2. 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!

  3. Coming from her background,she should be used to those kinds of advances! Menard probably figured it was ok to tuck a buck!

  4. I'm still waiting for the list of available, high quality apartments in the Village.

  5. This criminal masquerading as a lawyer obviously has serious issues. He’s been proven by his own testimony to be a pathological liar and probably has a personality disorder as he seems to be constructing a reality around himself. He places no value on truth, honesty or loyalty as evidenced by what he has done to his clients and his own family. And by the demands and lies he has made in court, it is evident he feels entitled to do and say whatever suits his purpose and everyone else is expected to nod obediently and believe him because he is, after all, Bill Super Lawyer; or BS lawyer for short. This millionaire wanna-be no longer owns anything of value; he squandered it and put everything he had into foreclosure. He has no money, house, car, boat or vacation home left to show for what he earned or what he stole. He’s just another loser without morals who will be doing time. I’m certain all of his courtroom shenanigans are antagonizing his poor victims. As Lamar said, his behavior and claims in court have been outrageous. The judge needs to be more than concerned; he needs to be judicial and end this nonsense.

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