News & Analysis

Indiana House OKs bill to ban texting while driving

January 25, 2011
Associated Press
Indiana drivers would not be allowed to send or read text messages on mobile phones under legislation that cleared the Indiana House on Tuesday.
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Celadon sees quarterly rise in profit, revenue

January 25, 2011
 IBJ Staff
The Indianapolis-based trucking company reported revenue of $133.1 million, up 4.6 percent from the same quarter of 2009. Profit rose to $2.9 million from $1 million.
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Committee explores ways to reduce government

January 25, 2011
Francesca Jarosz
Charging not-for-profits for government services, eliminating certain paper records and trimming how much counties pay to mental-health institutions are among the ways local officials say the cost of government could be reduced.
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Auction of superhero memorabilia nets $70,000

January 25, 2011
Scott Olson
The mementos were owned by Fishers collector Dane Nash, who operated the American Super Heroes Museum downtown.
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Ritter’s Frozen Custard franchisees reopening stores

January 25, 2011
Scott Olson
As a new owner revamps the Ritter's business plan, at least four of the frozen custard stands in the area have either opened or are set to reopen in the same locations where they previously operated.
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State’s unemployment rate declines to 9.5 percent

January 25, 2011
The decline marks the third straight month that Indiana's unemployment rate has fallen, but private-sector jobs actually dropped in December.
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Brenwick turns over commercial sales, leasing at Village of West Clay

January 25, 2011
Tom Harton
Ambrose Property Group, a commercial leasing and development company headed by former Duke Realty Corp. broker Aasif Bade, took over for Brenwick, which is primarily a residential developer, at the beginning of the year.
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Head of Lilly's oncology unit resigning

January 25, 2011
John H. Johnson has been hired as CEO by East Brunswick, N.J.-based biotechnology company Savient Pharmaceuticals Inc.
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Remy International considering stock offering, CEO says

January 24, 2011
Bloomberg News
Pendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering a public offering of its stock this year, CEO John Weber says.
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State lawmakers to take on unemployment insurance

January 24, 2011
Associated Press
Businesses with a history of laying off employees would pay more in unemployment insurance costs, and workers in industries where layoffs occur regularly would receive lower benefits under a bill Indiana lawmakers are preparing to take up.
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City offers another parks facility for lease

January 24, 2011
Francesca Jarosz
Indy Parks & Recreation officials on Monday issued a request for proposals from entities interested in leasing the Riverside Marina facility near 30th Street and White River Parkway.
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Mayor OKs school for students with learning disabilities

January 24, 2011
J.K. Wall
If approved by the City-County Council, the new Damar Charter Academy would open later this fall. It would specialize in students with significant cognitive, behavioral or developmental challenges, including those on the autism spectrum.
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Vanderbilt rejected by high court on Cialis patents

January 24, 2011
Bloomberg News
Supreme Court justices on Monday left intact a ruling throwing out a lawsuit pressed by the Nashville, Tenn., university against Eli Lilly's Icos subsidiary.
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Zionsville retirement village plans $32 million expansion

January 24, 2011
 IBJ Staff
Hoosier Village Retirement Center in Zionsville announced plans Monday morning for a $32 million project that will expand its campus and allow the center to add 50 full-time workers.
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Some big bills on back burner in Indiana Legislature

January 23, 2011
Associated Press
Three weeks into Indiana's legislative session, Republican House Speaker Brian Bosma is touting the hard work being done on major issues. Democratic House Minority Leader Patrick Bauer contends the session is off to a slow start.
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Durham car collection fetches $2.2M

January 22, 2011
Greg Andrews
A 1929 Duesenberg once driven by Elvis Presley garnered the largest price—$1.237 million.
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Unions looking to make Hoosier comebackRestricted Content

January 22, 2011
Kathleen McLaughlin
Indiana could be on the front line in the United Auto Workers’ campaign to unionize foreign-owned plants.
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Uptick in M&A activity suggests a turnaroundRestricted Content

January 22, 2011
Scott Olson
Fourth quarter helps to bolster 2010 deal-making.
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Indiana mergers and acquisition ranged upward of $2.3 billionRestricted Content

January 22, 2011
Simon Property Group's acquisition of Prime Outlets was the largest by an Indiana company in 2010.
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Lack of a disclosed price kept deals off the listRestricted Content

January 22, 2011
 IBJ StaffMore

21st Century Fund pockets a payoff from saleRestricted Content

January 22, 2011
Chris O'Malley
The state’s principal fund investing in high-tech companies has reached a milestone—for the first time recouping all the money it granted an emerging company, and then some.
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Legislation seeks RFP option for selling state landRestricted Content

January 22, 2011
Cory Schouten
The bill would allow the Indiana Department of Administration to sell real estate using a request for proposals, in addition to existing options for competitive bids or an auction.
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NAI Olympia vets join brokerage startup AllianceRestricted Content

January 22, 2011
Cory Schouten
If Alliance grows as fast as projected, it could break into the city’s top-10 largest commercial real estate brokerage companies for 2011, based on IBJ’s Book of Lists.
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Class size takes back seat in education debate

January 22, 2011
J.K. Wall
In his State of the State address, Gov. Mitch Daniels called class size "virtually meaningless" in determining which kids succeed.
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City push on building codes draws gripesRestricted Content

January 22, 2011
Francesca Jarosz
A vigorous effort by city officials to enforce building-safety codes has some concerned that it’s becoming tougher to revitalize older properties.
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  1. So as I read this the one question that continues to come to me to ask is. Didn't Indiana only have a couple of exchanges for people to opt into which were very high because we really didn't want to expect the plan. So was this study done during that time and if so then I can understand these numbers. I also understand that we have now opened up for more options for hoosiers to choose from. Please correct if I'm wrong and if I'm not why was this not part of the story so that true overview could be taken away and not just parts of it to continue this negative tone against the ACA. I look forward to the clarity.

  2. It's really very simple. All forms of transportation are subsidized. All of them. Your tax money already goes toward every single form of transportation in the state. It is not a bad thing to put tax money toward mass transit. The state spends over 1,000,000,000 (yes billion) on roadway expansions and maintenance every single year. If you want to cry foul over anything cry foul over the overbuilding of highways which only serve people who can afford their own automobile.

  3. So instead of subsidizing a project with a market-driven scope, you suggest we subsidize a project that is way out of line with anything that can be economically sustainable just so we can have a better-looking skyline?

  4. Downtowner, if Cummins isn't getting expedited permitting and tax breaks to "do what they do", then I'd be happy with letting the market decide. But that isn't the case, is it?

  5. Patty, this commuter line provides a way for workers (willing to work lower wages) to get from Marion county to Hamilton county. These people are running your restaurants, hotels, hospitals, and retail stores. I don't see a lot of residents of Carmel working these jobs.

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