News & Analysis

Daniels names Massa to lead state alcohol board

December 9, 2010
Francesca Jarosz
Gov. Mitch Daniels on Thursday appointed Mark Massa, who served as Daniels’ general counsel before leaving the post earlier this year to run for prosecutor, to run the state’s Alcohol and Tobacco Commission.
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ITT Educational, for-profit peers reaped $521M from military

December 9, 2010
Bloomberg News
Twenty for-profit colleges—led by Carmel-based ITT Educational Services—reaped $521 million in U.S. taxpayer funds in 2010 by recruiting armed-services members and veterans through misleading marketing, according to a Congressional report released Thursday.
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Lender seeking to foreclose on northwest-side hotel

December 9, 2010
Scott Olson
Colfin NW Funding LLC claims in a court filing that it is owed $6.4 million by the borrower that operates the Courtyard By Marriott Hotel Northwest under Indianapolis-based Schahet Hotels Inc.
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Clarian Health looks to scoop up White County hospital

December 9, 2010
J.K. Wall
The Indianapolis-based hospital system’s board of directors could vote to acquire the 25-bed hospital as early as next week, but might put off a decision till February.
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LEADING QUESTIONS: Deputy mayor keeps thick skin

December 9, 2010
Mason King
LQ_Huber_watch_videoMichael Huber has learned not to take critics' barbs personally as he oversees some of the city's biggest deals.
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Jobless claims fall near lowest level of year

December 9, 2010
Associated Press
In November, the economy added just 39,000 net jobs and the unemployment rate rose to 9.8 percent. Many economists predict December will be a stronger month for hiring.
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Military contracts add up for Raytheon

December 9, 2010
 IBJ Staff
Raytheon Technical Services Co. in Indianapolis won a $31.1 million contract to provide cryptographic services for the U.S. Air Force, Army and Navy, the Department of Defense announced Wednesday.
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Whistleblower suit cites Rolls-Royce engine flaws

December 8, 2010
 IBJ Staff and Associated Press
Rolls-Royce Corp. concealed repeated defects at an aircraft engine plant in Indianapolis and fired a safety official for reporting the problems, according to a lawsuit filed in federal court.
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Governor's education agenda includes vouchers

December 8, 2010
Associated Press
Gov. Mitch Daniels and State Superintendent Tony Bennett pitched their ideas Wednesday to Indiana's Education Roundtable, a group of education and business leaders.
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Lucas Oil banner promoting Super Bowl coming down

December 8, 2010
Scott Olson
Sprawling sign draped on the south side of the stadium is causing structural damage to the windows from which it hangs.
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Cosmopolitan apartment fire prompts lawsuit

December 8, 2010
Scott Olson
The insurer for Indiana Landmarks is suing developer Flaherty & Collins, claiming negligence in a blaze that partially destroyed the apartment project and damaged the not-for-profit's adjacent headquarters.
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Sallie Mae restructuring affects Indiana jobs

December 8, 2010
Kathleen McLaughlin
Student-loan giant lays off about 70 people in Fishers as part of national reshuffling.
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Bill would provide oversight for key state appointments

December 8, 2010
Scott Olson
Rep. Ed DeLaney, D-Indianapolis, wants to give lawmakers a voice in key state appointments made by the governor following an ethics scandal that led to the firing of the chairman of the Indiana Utility Regulatory Commission.
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Irsay quickly gains Twitter following

December 8, 2010
Kathleen McLaughlin
Since joining Twitter last week, the Indianapolis Colts owner has talked about player injuries, compared his team's season to an epic boxing match and made reference to a former drug habit.
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Art museum names fundraising chief

December 8, 2010
Kathleen McLaughlin
Cynthia Rallis, who begins work Jan. 1, held a similar job at the National Museum of Science and Industry in London.
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Cummins to build $70 million plant in Turkey

December 8, 2010
Bloomberg News
The company expects to employ more than 800 workers at the plant within five years, producing filters and generators for motor vehicles.
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CNO Financial plans $300 million sale of debt

December 8, 2010
Bloomberg News
Carmel-based CNO Financial Group Inc., the insurer formerly known as Conseco Inc., plans to sell $300 million of seven-year senior-secured notes, according to a company statement.
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Solar panel maker plans up to 240 jobs in Columbus

December 8, 2010
Associated Press
A Muncie-based startup company to spend nearly $9 million to start production at a Columbus industrial park. The plant will make high-efficiency solar panels that are in growing demand around the world.
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Refinancing boosts Bioanalytical Systems

December 8, 2010
J.K. Wall
Shares of the West Lafayette-based pharmaceutical-services firm soared after it wriggled out from under a $1.3 million loan that was due in February.
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Q&A

December 8, 2010
J.K. Wall
Molecular biologist,David G. Skalnik will become associate dean for research and graduate education at the IUPUI School of Science in January. Since 1991, Skalnick has been a researcher at the Indiana University School of Medicine, leading a team of three in the study of epigenetics—factors that influence whether certain genes are turned on or turned off.
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Law affects hospitals with doctor-held debt

December 8, 2010
J.K. Wall
Health care reform put strict limits on physician-owned hospitals, but it seems the law also restricts hospitals that have physician-owned debt.
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Simon may drop interest in Capital Shopping Centres

December 8, 2010
Bloomberg News
Indianapolis-based Simon Property Group Inc. will end its interest in buying Capital Shopping Centres Group Plc if the U.K. company doesn’t provide information necessary to evaluate a bid.
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Carmel-based wind-gear maker plans Marion plant

December 7, 2010
 IBJ Staff
Vela Gear Systems LLC, a Carmel-based startup manufacturer of large-scale gears for wind-turbine assemblies, said it will make a multimillion dollar investment to construct a 250,0000-square-foot plant in Marion, creating up to 163 jobs by 2013.
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Indiana cattle firm may face involuntary bankruptcy

December 7, 2010
Associated Press
An Indiana firm under federal investigation for passing bad checks for cattle purchases could find itself forced into bankruptcy proceedings if a judge grants a motion filed by some of those owed money.
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IURC clears ex-judge in Duke Energy ethics scandal

December 7, 2010
The Indiana Utility Regulatory Commission's internal probe found no irregularities regarding former administrative law judge Scott Storms' handling of Duke Energy cases, but it did reopen a case Storms handled in July involving storm damages.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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