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News & Analysis
Accuride warns of bankruptcy, reports loss
August 6, 2009
Scott OlsonEvansville-based truck parts maker Accuride Corp., one of the state's largest companies, warned
today in its quarterly financial report that the company might seek bankruptcy protection if lenders refuse to restructure
its debt.
MoreFirst Merchants posts larger loss on fraud charge
August 6, 2009
Scott OlsonMuncie-based First Merchants Corp. disclosed this week that the bank lost $31.2 million in the
second quarter, including $10.2 million it blamed on fraudulent financial statements provided by a large commercial borrower.
MorePurdue prof: 'Clunkers' could stall retail sales
August 5, 2009
Kim PuckettThe federal 'Cash for Clunkers' program has opened a floodgate of car sales that President Obama says is a much-needed
boost for the economy. But retailers may feel the negative effects of America's collective investment in new cars, predicts
a Purdue Retail Institute researcher.
MoreEnerDel lands $118 million stimulus grant
August 5, 2009
Scott OlsonEnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant
from the federal government.
MorePurdue prof: 'Clunkers' could stall retail sales
August 5, 2009
Kim PuckettThe federal "Cash for Clunkers" program has opened a floodgate of car sales that President Obama
says is a much-needed boost for the economy. But retailers may feel the negative effects of America's collective investment
in new cars, predicts a Purdue Retail Institute researcher.
MoreEnerDel lands $118 million stimulus grant
August 5, 2009
Scott OlsonEnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant
from the federal government.
MoreIrwin Financial narrows losses, continues restructuring
August 5, 2009
Scott OlsonIrwin Financial Corp. narrowed its losses in the second quarter, as the company continued to restructure or face the possible
suspension of its business.
MoreCalumet Specialty suffers loss on falling sales
August 5, 2009
Calumet Specialty Products Partners L.P. this morning reported a loss of $26 million in the second
quarter due to high crude oil prices and flagging product demand.
MoreConseco profit at high end of estimates
August 4, 2009
J.K. WallConseco Inc. recorded profit at the high-end of its preliminary
estimates, the company announced today.
MoreUPDATE: Simon rents, occupancy buck shopping decline
August 4, 2009
Cory SchoutenSales still are suffering at shopping centers owned by Simon Property Group Inc., but the Indianapolis-based
mall giant managed in the second quarter to keep occupancy steady and eke out an increase in average rent rates.
MoreMarsh extends olive branch to angry followers
August 4, 2009
Marsh Supermarkets late yesterday issued a mea culpa after it stopped honoring a $10 coupon just
days after introducing the online promotion.
MoreWhite River Capital's profit drops 33 percent
August 4, 2009
White River Capital Inc. today reported its profit in the second quarter fell 33 percent compared
to the same period last year, due primarily to expenses associated with its canceled merger.
MoreSimon reports loss amid tough retail conditions
August 4, 2009
Cory SchoutenIndianapolis shopping mall giant Simon Property Group Inc. today said it lost $20.8 million in
the second quarter in what it called a "difficult retail environment."
MoreMarsh promotion cancellation sparks anger
August 3, 2009
Scott OlsonMarsh Supermarkets’ decision to stop honoring a $10 online coupon just days after introducing the promotion has angered
hundreds of followers of the grocer’s Facebook page.
MorePenrod Society sues ex-treasurer for $380,000
August 3, 2009
Kathleen McLaughlinThe Penrod Society has filed a lawsuit against former treasurer Brandon Benker, seeking to recover more than $380,000 it alleges
he embezzled last year.
MorePenrod Society sues ex-treasurer for $380,000
August 3, 2009
Kathleen McLaughlinThe Penrod Society has filed a lawsuit against former treasurer Brandon Benker, seeking to recover
more than $380,000 it alleges he embezzled last year.
MoreMarsh promotion cancellation sparks anger
August 3, 2009
Scott OlsonMarsh Supermarkets' decision to stop honoring a $10 online coupon just days after introducing
the promotion has angered hundreds of followers of the grocer's Facebook page.
MoreSenior Open draws 146,915 to Carmel
August 3, 2009
The U.S. Senior Open Championship, which wrapped up yesterday, drew a total of 146,915 spectators
to Carmel's Crooked Stick Golf Club for three days of practice and four days of tournament play.
MorePlans emerge for Winona Hospital redevelopment
August 3, 2009
Cory SchoutenThe Children’s Museum of Indianapolis wants the city to tear down the old Winona Memorial Hospital so it can build a
community park and outdoor learning center. A private firm that specializes in environmentally
impaired properties wants to turn the building into senior apartments.
MoreA new centerpiece for city's convention strategy: medical, science groups
August 3, 2009
Anthony SchoettleThe Indianapolis Convention and Visitors Association is putting together an all-star corporate consortium to make the city
a hub for medical and life sciences conventions, meetings and trade shows. The ICVA began running the initiative
full-speed this year and already has signed deals to bring 40 medical meetings to Indianapolis through 2015, including annual
meetings for the American Association of Diabetes Educators in 2012 and the American College of Sports Medicine and American
Chemical Society in 2013.
MoreLawmakers cut state tourism office's budget in half
August 3, 2009
Scott OlsonDestinations throughout Indiana no longer can count on a state marketing campaign to help drive summer crowds. Lawmakers who
passed a budget during the special session at the end of June sliced the state’s annual contribution
to the Indiana Office of Tourism Management in half—from $4.8 million to $2.4 million.
MoreSmall town, budget hotels hold own in difficult economy
August 3, 2009
Anthony SchoettleWhile the local hotel industry is being rocked by the current economy, budget hotels and those in the small towns surrounding
Indianapolis are actually seeing gains. Properties affected by the Indianapolis 500, Brickyard 400 and Big Ten Tournament
are among the losers.
MoreHarbour Trees Golf Club sells hole sponsorships to raise cash
August 3, 2009
Anthony SchoettleAt a time when most central Indiana golf courses are hurting for income, Harbour Trees Golf Club is getting a windfall
from a unique revenue source.
MoreLilly software spinoff Maaguzi sells for $11 million
August 3, 2009
Chris O'MalleyInvestors in a company built around clinical research software bought from Eli Lilly and Co. have found their exit, though
it’s far from the lucrative payoff they’d once imagined.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.