News & Analysis

Carpenter, Fisher to merge IndyCar teams in 2015

August 17, 2014
Associated Press
Ed Carpenter Racing and Sarah Fisher Hartman Racing said Saturday they will unite to form CFH Racing. The Indianapolis-based teams will be headquartered at Fisher Hartman offices a few blocks from Indianapolis Motor Speedway.
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Records — Aug. 18, 2014Restricted Content

August 16, 2014
Records listings from the issue of Aug. 18, 2014, issue of IBJ.
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Hendricks County pitching motorsports skill, expertise to medical manufacturers

August 16, 2014
Anthony Schoettle
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
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TOLLIVER: Warehousing, e-commerce merging in Indy areaRestricted Content

August 16, 2014
Jason Tolliver / Special to IBJ
As consumers, our need for instant gratification has never been greater, as evidenced by the rise of e-commerce. Shopping online and receiving an order that same day or the next is replacing the expectations of old, when we received our orders in a week or so.
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Recent minor-league team sales suggest Indians worth $40M-plus

August 16, 2014
Anthony Schoettle
A stunning string of sales of minor-league baseball teams this year suggests the Indianapolis Indians’ current stock buy-back offer might be undervaluing the franchise.
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Proportion of zero-car households rolls past 10 percent

August 16, 2014
Kathleen McLaughlin
Indianapolis experienced one of the fastest gains in car-less households of any major city in a recent five-year period, according to U.S. Census data compiled by a University of Michigan researcher.
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IU research center trying to remedy 'civic deficit'Restricted Content

August 16, 2014
The Center for Civic Literacy will open its first public conference Aug. 22 with the goal of connecting scholars and practitioners in the fields of education, business, not-for-profits, media and government.
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Children’s Museum expands footprint

August 16, 2014
Scott Olson
The Children’s Museum of Indianapolis plans to begin tearing down a nearby apartment building this month and is starting to explore options for the site that could include an outdoor attraction.
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Eli Lilly making renewed push in biotech field, where it once pioneered

August 16, 2014
J.K. Wall
Lilly expects to soon announce late-stage clinical trial results for two biotech drugs designed to slow the inflammation caused by autoimmune diseases. By the end of the year, it will announce results for a third.
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Emmis: Dynamic pricing will reshape many industriesRestricted Content

August 16, 2014
Dennis Barbosa
Indianapolis-based Emmis Communications Corp. executives believe their latest acquisition, a local flexible-pricing software firm called Digonex Technologies, can revolutionize any number of businesses, including radio.
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Illinois ends contract with private manager of lottery

August 15, 2014
 IBJ Staff
The manager, Northstar Lottery Group LLC, is 80-percent owned by Rhode Island-based Gtech Corp., the parent company of Gtech Indiana, which manages the Hoosier Lottery.
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Top Ballard deputy Kintner heading for private sector

August 15, 2014
Kathleen McLaughlin
Indianapolis Mayor Greg Ballard announced several staff changes Friday morning, including the planned departure of Deputy Mayor of Economic Development Deron Kintner.
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Lender files to foreclose on downtown's Villagio condos

August 15, 2014
Scott Olson
First Horizon Home Loans claims the owner of the Villagio at Page Pointe still owes nearly $5.2 million on an $11.6 million loan and is asking a court to appoint a receiver to manage the property until it's sold.
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IPL moves to drop coal from Harding Street power plant

August 15, 2014
 Associated Press and IBJ Staff
Indianapolis' electricity utility plans to convert its aging Harding Street power plant entirely to natural gas by 2016, after facing growing pressure to do so from environmental groups and politicians.
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U.S. factory output rises for 6th straight month

August 15, 2014
Associated Press
The Federal Reserve reports that manufacturing production rose 1 percent in July compared to the prior month. Over the past 12 months, manufacturing has risen 4.9 percent.
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Navient donates site to relocate historic home

August 15, 2014
 IBJ Staff
With the land donation, the Noblesville Preservation Alliance is now focused on raising the funds needed to move the Flanagan House from its current location to Navient’s campus on USA Parkway this fall.
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Indiana universities face budget cuts if tax intake lags

August 14, 2014
Associated Press
Indiana's public universities could see their budgets cut another 2 percent if state tax collections continue trailing expectations, Gov. Mike Pence's budget director said Thursday.
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IPFW study recommends shift to Indiana University control

August 14, 2014
Associated Press
Indiana Purdue-Fort Wayne would better serve its region with a shift in governance to Indiana University and a change in the state's funding formula for university campuses, a study released Thursday recommended.
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Mattress maker plans 300 jobs in Plainfield

August 14, 2014
 IBJ Staff
Mattress maker Tempur Sealy International Inc. plans to open a manufacturing and distribution facility in Plainfield, creating up to 300 jobs by the end of 2015, the Lexington, Kentucky-based company announced Thursday afternoon.
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Kravitz leaves Indy Star for job with WTHR

August 14, 2014
Anthony Schoettle
After 14 years as the Star's lead sports columnist and most recognized personality, Bob Kravitz resigned Thursday shortly after 3:30 p.m. “I agonized over this decision for days and days,” he said of joining Channel 13's sports staff.
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Regenstrief plans new $13M headquarters

August 14, 2014
Jeff Newman
Regenstrief, a not-for-profit medical research organization, plans to move 50 investigators, 165 staff members and a number of affiliated scientists into the building when it is completed in mid-2015.
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Huntingburg, Wabash named Stellar Communities

August 14, 2014
Associated Press
Two Indiana cities will receive millions of dollars to help spur economic development after being named 2014 Stellar Communities.
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Weekly U.S. unemployment claims jump by 21,000

August 14, 2014
Associated Press
The four-week average, a less volatile measure, rose 2,000, to 295,750. That continues to be close to averages that predate the beginning of the Great Recession in late 2007.
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Eli Lilly to close Terre Haute animal enzyme plant

August 14, 2014
Associated Press
The plant closure will affect 23 plant employees, all of whom will be offered comparable positions at a Lilly plant near Clinton that employs about 500 workers.
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Contractor gets probation in prevailing wage case

August 13, 2014
 IBJ Staff
Indianapolis construction contractor David Roark was sentenced Wednesday in Marion County Court to two years of probation after he was accused of violating the state's common wage law.
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  1. Thank you to the scientists who care enough to find a cure. We are so lucky that their intelligence has brought them to these understandings because it is through these understandings that we have new hope. Certainly the medicine will be expensive, these drugs usually are, especially the ones that are not mass produced. If I know anything from the walks that my town has put on for FA it is this: people care and people want to help. Donations and financial support can and will come to those who need it. All we need is a cure, the money will come. I mean, look at what these scientists have done thanks to the generosity of donors. 30 million dollars brings us here where we can talk about a drug's existence! There is so much to be frustrated about in this world, but this scientific break is not one of them. I am so happy for this new found hope. Thank you so much to the scientists who have been slaving away to help my friends with FA. We wish you speedy success in the time to come!

  2. I love tiny neighborhood bars-- when I travel city to city for work, it's my preference to find them. However, too many still having smoking inside. So I'm limited to bars in the cities that have smoking bans. I travel to Kokomo often, and I can promise, I'll be one of those people who visit the ma and pa bars once they're smoke free!

  3. I believe the issue with keystone & 96th was due to running out of funds though there were other factors. I just hope that a similar situation does not befall ST RD 37 where only half of the overhaul gets built.

  4. It's so great to see a country founded on freedom uphold the freedom for all people to work and patronize a public venue without risking their health! People do not go to bars to smoke, they can take it outside.

  5. So, Hurko, mass transit has not proven itself in Indy so we should build incredibly expensive train lines? How would that fix the lack of demand? And as far as those double decker buses to bus people in from suburbs, we can't fill up a regular sized buses now and have had to cancel lines and greatly subsidize others. No need for double decker buses there.

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