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News & Analysis
Former Visteon plant lined up for Carbon Motors
December 14, 2009
Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy
judge authorized auto-parts maker Visteon Corp. to sell a closed plant to the city for $500.
MoreSupreme Court rejects Indiana's appeal of Chrysler sale
December 14, 2009
IBJ Staff and Associated PressThe justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker's
bankruptcy proceedings.
MoreLilly wins approval for long-acting Zyprexa
December 14, 2009
J.K. WallOnce-a-month injection of best-selling drug will have patents that could extend until 2018.
MoreLocal home builder placed in receivership
December 14, 2009
Scott OlsonA receiver appointed to manage the assets of financially troubled Hansen & Horn Group Inc. will recommend whether the Indianapolis-based
home builder should remain in business.
MoreIndiana weighs changes to combat out-of-state casinos
December 13, 2009
Associated PressState lawmakers are weighing possible changes to state gambling laws at a time when growing competition from out-of-state
casinos threatens to cut into business at Indiana's 11 riverboat casinos.
MoreObama reforms not necessarily dire for Sallie Mae in Indiana
December 12, 2009
J.K. WallThe plan to nationalize the federal student loan program threatens to force Sallie Mae
to hack its network of 26 offices down to five. Yet the company's Indiana operations have several advantages that could
help weather the cuts.
MoreStout's Shoes still in step after 123 years
December 12, 2009
Brock BenefielAfter more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just
surviving. It also is proceeding with plans to open
a store next year on the city’s north side.
MoreFederal filing lists another link between Brizzi, Durham
December 12, 2009
Greg AndrewsA federal financial-disclosure statement Brizzi submitted in May lists the politician as an investor in Red Rock Pictures
Holdings Inc., a film-development firm also backed by Durham.
MoreCash-strapped mayors may tap owners of tax-exempt property
December 12, 2009
Kathleen McLaughlinA group of mayors led by Tom Henry of Fort Wayne and Greg Ballard of Indianapolis is seeking new sources of revenue to replace
the millions they’ll lose because of property tax caps.
MoreBasketball tournament expansion could pay off for NCAA
December 12, 2009
Anthony SchoettleThe NCAA might expand its annual men’s tournament from the current three-week, 65-team format
to one featuring an added week and a whopping 96 teams. Proponents of the plan say it will generate a bigger
television rights-fee deal for the not-for-profit NCAA, which disperses 95 percent of the income to member institutions.
MoreEspresso Book Machine could open new pages in local retailing
December 12, 2009
Gabrielle PoshadloThe pricey Espresso prints and binds books while customers wait. But retailers aren't sure what to expect when the the machine
gains wider acceptance.
MorePlainfield's MD Logistics sued by Bristol-Myers over lost insulin
December 12, 2009
Chris O'MalleyTwo semi-trailers of the medication were stolen in 2007 from a back lot at Daum Trucking, which isn't named in the lawsuit.
Bristol-Myers charges MD Logistics with negligence in the $10.7 million suit.
MoreFledgling motorsports show growing faster than expected
December 12, 2009
Anthony SchoettleThe show held in Indianapolis Dec. 3-4 is picking up speed much faster than event organizers and local
convention and tourism officials expected. But the nation’s biggest motorsports trade show, Performance
Racing Industry Show, is considering competing with the local show head-on in 2010.
MoreHoosier Energy avoids financial brownout
December 12, 2009
Chris O'MalleyHoosier Energy, which supplies electricity to customers in 48 counties in central and southern Indiana, has settled a dispute
that had threatened to plunge the utility into bankruptcy.
MoreHoliday Wish List
December 12, 2009
IBJ StaffHere is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
MoreGeneral Growth deal would extend Simon's mall dominance
December 12, 2009
Cory SchoutenWall Street analysts have described the potential sale of Chicago-based General Growth Properties as a “once-in-a-lifetime
opportunity” for a company to make “the deal of the decade” in the shopping-mall business.
MoreWidow aspires to continue operating Burd Ford
December 12, 2009
Norm HeikensChris Burd still unsure why husband, Rich Burd, owner of Burd Ford, committed suicide. Burd was an auto dealer in Lawrence.
MoreGreenfield chain makes gas stations a family affair
December 12, 2009
Marc D. AllanIn high-turnover industry of gas stations and convenience stores, Greenfield-based GasAmerica builds loyalty under the guidance
of CEO Stephanie White-Longworth.
MoreFair Finance press release leaves investors hanging
December 11, 2009
Greg AndrewsThe statement says the company anticipates reopening its loan-collection arm, but offers no assurances to the Ohio investors
it owes.
MoreDormir acquires two sleep companies
December 11, 2009
J.K. WallCarmel firm using $12 million in venture capital for buying spree is now nation's second-largest operator of sleep centers.
MoreArts group names president
December 11, 2009
Kathleen McLaughlinDavid Lawrence, who has been acting president at Arts Council of Indianapolis since July, continues the task of leading an
organization that has seen its
funding fall dramatically in the past year.
MoreRetail sales rise more than expected
December 11, 2009
Associated PressThe government's report came as a surprise because the nation's retailers have been reporting generally lackluster results
for the start of the holiday shopping season.
MoreIndiana Black Expo takes control of Circle City Classic
December 11, 2009
With the move, IBE hopes to rejuvenate the annual football game and related events, which have been suffering from declining
attendance.
MoreUPDATE: KAR Auction IPO raises less than hoped
December 10, 2009
Associated PressThe Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million
common shares at $12 each for total proceeds of $300 million.
MoreEli Lilly's shares slip after it forecasts mixed profits in coming years
December 10, 2009
IBJ Staff and Associated PressThe Indianapolis-based drugmaker predicts strong profits through 2011, but its forecast for 2012 suggests bottom-line results
could fall precipitously.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
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!