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News & Analysis
Hansen & Horn insolvent, receivership next step for builder
December 3, 2009
Scott OlsonThe president of Hansen & Horn Group Inc. admitted in court Thursday that the troubled home builder is insolvent and agreed
to have a receiver appointed to operate the company.
MoreExactTarget lands another $75M in funding
December 3, 2009
Chris O'MalleyE-mail marketing provider ExactTarget has in a short span landed what may be a record amount of venture funding for a private
company here—$75 million since October. And that’s on top of the $69.9 million it received in May from three
venture firms on the coasts.
MoreGeneral Growth's refinancing plan could thwart Simon
December 3, 2009
IBJ Staff and Associated PressGeneral Growth Properties Inc., the nation's second-largest shopping mall operator, said lenders have agreed
to restructure about $9.7 billion in debt. The agreements could put a damper on the acquisition aspirations of rival Simon
Property Group Inc.
MoreHoosiers 'waste' $2.5B a year on health care, group says
December 3, 2009
J.K. WallAnalysis of Medicare data finds that Indiana hospitals and doctors rack up higher costs to treat the same conditions as the
nation's model markets.
MoreState Museum to close on most Mondays
December 3, 2009
IBJ Staff and Associated PressThe museum has been facing tight budgets and dropping attendance.
MoreIvy Tech names new academic programs chief
December 3, 2009
IBJ StaffMary Ostrye, 52, will have oversight of 150 different academic programs at Ivy Tech's 23 campuses around the state.
MoreVisions for ailing City Market include arts venue, YMCA
December 3, 2009
Riley Area Development Corp. is pitching the idea of building a performing arts center in the City Market. The YMCA
of Greater Indianapolis, meanwhile, is in talks with the city about building a full-service fitness center on the site.
MoreRare sacred art exhibition boosts museum attendance
December 2, 2009
Associated Press"Sacred Spain: Art and Belief in the Spanish World" at the Indianapolis Museum of Art is drawing visitors from around the
world for an unprecedented exhibition
MoreIT firm receives abatement for job-growth plans
December 2, 2009
Indianapolis’ largest computer consulting firm on Wednesday received property-tax abatement relating to its plans to
create 200 high-paying jobs and invest $600,000 in new equipment.
MoreIndiana Ice plan to build $12 million hockey facility
December 2, 2009
Scott OlsonIce Sports and Entertainment, the owner of the Indiana Ice hockey team, announced Wednesday afternoon that it plans to
build a complex that could contain up to four skating rinks and house the Indiana/World Skating Academy.
MoreState sues teachers' union for securities fraud
December 2, 2009
J.K. WallThe Indiana Secretary of State's securities division says Indiana State Teachers Association can't account for $23 million
intended for
school districts, requests assets be frozen.
MoreAttorneys drop troubled home builder Hansen & Horn
December 2, 2009
Scott OlsonIndianapolis-based Hansen & Horn Group Inc. is without legal representation after attorneys defending the troubled
home builder from a slew of lawsuits dropped it as a client.
MoreClarian Federal Credit Union acquires Community Choice
December 2, 2009
IBJ StaffThe combined firm will have more than 8,700 members and more than $20 million in assets.
MoreCummins to lay off 400-plus workers in New York
December 2, 2009
Andrea Muirragui DavisColumbus engine maker Cummins Inc. will idle at least 400 workers at a manufacturing facility in Jamestown, N.Y., because
of a change in emission standards that will cut production from 500 engines a day to 100.
MoreShepherd Insurance buys rival DeTrude & Co.
December 2, 2009
J.K. WallThe acquisition of DeTrude & Co. by Shepherd Insurance marks the 13th purchase of an Indianapolis-area benefits brokerage
since mid-2007.
MoreMassive CEDIA Expo returning to city after 5-year break
December 2, 2009
Andrea Muirragui DavisThe locally based Custom Electronic Design & Installation Association will bring its fall trade show back to Indianapolis
in 2011 and 2012—making good on a promise to return after a $275 million expansion of the Indiana Convention Center.
MorePart of Mississippi's Zyprexa case against Lilly dismissed
December 2, 2009
IBJ StaffIndianapolis-based Eli Lilly and Co. has won a bid to dismiss part of a negligence lawsuit brought by Mississippi that alleges
improper marketing of antipsychotic drug Zyprexa for unapproved uses.
MoreTrailer maker plans to add 100 jobs in Peru
December 2, 2009
IBJ StaffPeru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs
by 2011, the Indiana Economic Development Corp. announced Wednesday morning.
MoreSEC probing Durham deal with Texas firm
December 1, 2009
Greg AndrewsA Texas company acknowledged Tuesday that the SEC is investigating transactions between it and Tim Durham's Fair Finance Co.
MoreLocal IT consulting firm plans to add 200 workers
December 1, 2009
Scott OlsonIndianapolis' largest computer consulting firm is seeking property-tax abatement relating to its plans to create 200 high-paying
jobs and invest $600,000 in new equipment.
MoreSymons and family ordered to pay $34.2 million in fraud case
December 1, 2009
Scott OlsonA high-profile businessman and the Indianapolis companies he operated with family members have been ordered by a federal judge
to pay $34.2 million relating to the fraudulent transfer of assets in a business sale.
MoreGrain Dealers finalizes affiliation with Florida firm
December 1, 2009
Scott OlsonIndianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, has closed
on a deal to became part of The Main Street America Group, the Jacksonville, Fla.-based company said Tuesday morning.
MoreLilly extends research pact with India firm
December 1, 2009
IBJ StaffJubilant Organosys Ltd. and Indianapolis-based Eli Lilly and Co. extended their collaboration, which began in 2005, by five
years.
MoreCarmel buying 12 acres for new well field
December 1, 2009
Cory SchoutenThe city of Carmel has agreed to buy about 12 acres adjacent to the Mansion at Oak Hill for a new well field.
MoreExpress Scripts closes $4.7B deal to buy WellPoint pharmacy unit
December 1, 2009
IBJ StaffSt. Louis-based Express Scripts Inc. has completed its $4.7 billion acquisition of WellPoint Inc.’s pharmacy benefits
management business, the company said Tuesday.
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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!