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News & Analysis
First-time homebuyers boosting residential sales
September 16, 2009
Scott OlsonLow-priced homes and foreclosures are driving a large chunk of residential real estate sales in Indianapolis, largely due
to first-time home buyers taking advantage of a federal tax credit, according to a report released today by Re/Max of Indiana.
MoreIrwin Financial admits outlook dire
September 16, 2009
Greg AndrewsShares of Irwin Financial Corp. plummeted this morning after the banking company disclosed that regulators have ordered it
to bolster its capital by the end of the month to levels "it has no realistic prospect of achieving."
More'Community icon' Melvin Simon dies
September 16, 2009
Cory SchoutenMelvin Simon, a tailor’s son who earned billions building shopping malls across the U.S. and later became a prolific
philanthropist in his adopted hometown of Indianapolis, has died. He was 82.
MoreAirport memo: Republic could bring 750 jobs to Indianapolis
September 15, 2009
Chris O'MalleyLocally based Republic Airways Holdings, which earlier this month said it could move up to 400 jobs gained through its
Frontier Airlines acquisition to Indianapolis or Milwaukee, has hinted it may move nearly twice that number to its headquarters
city.
MoreAdesa parent takes first step to becoming public company
September 15, 2009
Scott OlsonKAR Holdings Inc., parent of the Carmel-based auto-auction firm Adesa Inc., has announced its intentions to become a publicly
traded company. KAR filed its registration statement for the initial public offering yesterday with the Securities
and Exchange Commission.
MoreApartments near downtown canal slated for rehab
September 15, 2009
Tom HartonA local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
MoreWestfield makes smoking illegal in most public places
September 15, 2009
IBJ StaffThe Westfield City Council passed a smoking ban 7-0 last night that will prohibit smoking in most public places, including
outdoor arenas, stadiums and amphitheaters.
MoreAnderson siblings buying city's Mounds Mall
September 15, 2009
IBJ Staff and Associated PressTwo Anderson siblings are buying the city's Mounds Mall from the Florida-based company that has owned it for the past six
years.
MoreMore layoffs, furloughs possible for cash-strapped CIB
September 14, 2009
Scott OlsonThe financial condition of the city’s Capital Improvement Board, though improving, is still dire enough that employees
of the Indiana Convention Center could be subjected to more unpaid furloughs or layoffs.
MoreUPDATE: Pipeline challenges force Lilly restructuring moves
September 14, 2009
J.K. WallSince John Lechleiter was named CEO 18 months ago, he's bet that Eli Lilly and Co. could face down its looming patent challenges
by launching innovative new medicines. Today's announcement of 5,500 job cuts by the end of 2011 and a restructuring of the
company's business units ups the ante on that bet, while indicating that it isn't working yet.
MoreLilly reorganization to cut 5,500 positions over 2 years
September 14, 2009
J.K. WallEli Lilly and Co. will cut 5,500 jobs by the end of 2011 as it tries to cut $1 billion in expenses before it loses revenue
from its bestselling drug, Zyprexa. Lilly CEO John Lechleiter said he did not know how many of those cuts would occur in central
Indiana. But with
13,600 employees working in the Indianapolis area, he acknowledged the largest chunk of reductions likely would come here.
MoreSymphony musicians reject contract offer
September 12, 2009
Kathleen McLaughlinIndianapolis Symphony Orchestra musicians and librarians unanimously rejected a new contract offer, suggesting they might
not easily accept the same deep pay cuts seen at major orchestras around the country.
MoreLocal health care industry tries to capitalize on migraine headaches
September 12, 2009
J.K. WallMigraines cost American employers $20 billion a year in decreased worker productivity. Such
a frequent and uncured disease stands as a huge business opportunity for the health care industry, including locally based
pharmaceutical giant Eli Lilly and Co.
MoreAdjacent Central Canal parcels go on the market
September 12, 2009
Cory SchoutenThe owners of two industrial properties that span an entire city block along the Central Canal downtown have put their
properties up for sale with an eye toward redevelopment.
MoreEnvironmental consultant renovates offices to LEED standard
September 12, 2009
Scott OlsonAugust Mack Environmental Inc. renovated the historic Lexington building in downtown Indianapolis with recycled components
and energy-efficient lighting.
MorePoll shows IBJ Daily readers keenly interested in the environment
September 12, 2009
Marc D. AllanA solid majority of subscribers to IBJ Daily believes climate change is a serious problem, thinks carbon emissions
should be regulated, and wants Indianapolis to pursue mass transit on a broad scale, according to a poll conducted in July
by IBJ.
MoreResults of 'green' poll of IBJ Daily subscribers
September 12, 2009
IBJ StaffDetailed results of a July poll of IBJ Daily readers on their sentiment on environmental issues.
MoreThis year's Indy Jazz Fest to focus on music purists
September 12, 2009
Kathleen McLaughlinIndy Jazz Fest’s new promoters are taking a bold step with an already-risky venture. They’re turning
the 10-year-old event into one for jazz purists.
MoreCity's cash-strapped parks turn to private sector for ideas, manpower
September 12, 2009
Peter SchnitzlerMayor Greg Ballard's administration has asked the businesses for ideas on
how Eagle Creek Park and Riverside Regional Park each could cut costs and generate more revenue.
Morehow Eagle Creek Park and Riverside Regional Park each could cut costs and generate more revenue.
Ex-Lauth executive: 'Every day is a struggle' after a year of unemployment
September 12, 2009
Cory SchoutenMichael Hartman earned a six-figure salary as a vice president at Lauth Group Inc. until he was laid off in early 2008.
Since then, he’s struggled to find a job—any job that would allow his family to stay in their Westfield home.
MoreNew Columbia Club general manager trying to reverse membership slide
September 12, 2009
Peter SchnitzlerJames Rentschler hopes to restore the Columbia Club’s luster, and its membership roster, by returning the institution
to its gilded roots.
MoreBenefits brokers fear impact of health insurance exchanges
September 12, 2009
J.K. WallIf Congress implements a new system of health insurance exchanges across the country, Indianapolis benefits broker Joe
Guzman is confident he and his peers would take a hit.
MoreAfter comeback, former United maintenance facility faces challenges
September 12, 2009
Chris O'MalleyThe mammoth facility near Indianapolis International Airport now employs as many people as it did when United Airlines abandoned
it
six years ago, but its new tenants are contending with struggles of their own.
MoreNucor Steel struggling to strike new power deal with Duke Energy
September 12, 2009
Chris O'MalleyAfter two years of fruitless negotiations, the Crawfordsville steel mill has asked the Indiana Utility Regulatory Commission
to intervene. More than 700 jobs depend on Nucor and Duke striking a deal.
MoreCivic Theatre considering move to Carmel
September 11, 2009
Kathleen McLaughlinIndianapolis Civic Theatre, one of the city’s oldest and largest cultural organizations, is considering a move to Carmel’s
new performing arts center. Civic informed its current host, Marian University, yesterday of pending negotiations with the
Carmel Performing Arts Foundation.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.