News & Analysis

Tipton County OKs $13M bond to help sell Getrag plant

May 19, 2010
 IBJ Staff
The Tipton County Council on Tuesday unanimously approved $13 million in incentives intended to help land a solar power firm interested in buying the empty Getrag plant on U.S. 31 near Kokomo.
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IMPD suspends officer over golf cart incident

May 18, 2010
Cory Schouten
The Indianapolis Metropolitan Police Department has suspended and reassigned a supervisor on Marion County Prosecutor Carl Brizzi's security detail who incorrectly reported that a fellow officer—and not Brizzi—was driving a golf cart that flipped at a 2008 political fundraiser.
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Old General Motors sites could receive $800M for clean up

May 18, 2010
Associated Press
The proposed sites include the Indianapolis Stamping plant on the west side and the former GM Delco Plant 5 in Kokomo.
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Buffett bails on WellPoint

May 18, 2010
J.K. Wall
Influential investor sold off all 1.3 million shares in the Indianapolis-based health insurer during the first quarter.
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Interstate 70 shortcut getting an obstacle

May 18, 2010
Chris O'Malley
INDOT plans to put a traffic signal on a well-known west-side shortcut from Interstate 465 southbound to I-70 East, a move stemming from the rebuilding of Sam Jones Expressway.
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Tipton County Council to vote on Getrag site incentive

May 18, 2010
The $13 million bond would be used to lower the price of the abandoned plant to help lure a company that is considering manufacturing solar panels at the site.
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Indiana Rep. Souder says he'll resign over affair

May 18, 2010
Associated Press
Indiana Rep. Mark Souder announced Tuesday he would resign from Congress, effective Friday, because he had an affair with a staffer.
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WellPoint meeting ends abruptly as Bush collapses

May 18, 2010
J.K. Wall
Board member William "Bucky" Bush, uncle of former President George W. Bush, appeared OK after a shortened meeting in which shareholders approved a "say-on-pay" proposal. Protesters gathered outside WellPoint's headquarters after the meeting.
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New monthly event aims to recruit downtown residents

May 18, 2010
Cory Schouten
Indianapolis Downtown Inc. is launching a new monthly event to encourage more people to live downtown just as real estate brokers say interest in available homes is picking up.
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Indiana Supreme Court turns to Twitter

May 18, 2010
Indiana Lawyer Staff
Court-watchers can get legal updates in 140-character bursts instead of 140-page legal documents detailing court business. Indeed, times are changing.
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Lilly Endowment's value drops to $5.3 billion

May 17, 2010
Kathleen McLaughlin
Lilly Endowment announced Monday that its assets declined 7 percent, to $5.3 billion, in 2009, as the foundation continued to lose money on Eli Lilly and Co. stock.
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IMPD investigates Brizzi golf cart incident

May 17, 2010
Cory Schouten
The Indianapolis Metropolitan Police Department is investigating the circumstances surrounding an officer's injury at a 2008 fundraiser for Marion County Prosecutor Carl Brizzi. IMPD also has cut back overtime hours allowed for Brizzi's security detail, one of its most prolific overtime producers.
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State cites Veolia Water over safety concerns

May 17, 2010
Chris O'Malley
Veolia Water is contesting three "serious" safety penalties involving a gas line strike. IOSHA alleges utility failed to instruct employees and properly determine location of lines.
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UIndy names nursing dean

May 17, 2010
 IBJ Staff
Interim dean Anne Thomas now has job outright at University of Indianapolis nursing school.
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IPL settles $190M dispute, resumes wind farm project

May 17, 2010
Chris O'Malley
Indianapolis Power & Light tilted at wind farm developer by terminating its contract. Now a new agreement avoids the potential $190 million in damages enXco sought against the local utility.
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OrthoX receives top Mira award

May 17, 2010
South Bend-based company wins Innovation of the Year honor for its development of orthopedic implants product.
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Bioanalytical Systems reports loss in second quarter

May 17, 2010
 IBJ Staff
Bioanalytical Systems Inc. narrowed its losses in the second fiscal quarter despite a 2 percent drop in revenue, the West Lafayette-based contract research firm said late last week.
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Butler's basketball success as a 'mid-major' a rare feat

May 15, 2010
Associated Press
The Bulldogs are one of a handful of "mid-major" teams that have carved out a spot on the national map with a simple strategy: You win by being yourself.
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IU targets tech-transfer gap

May 15, 2010
Kathleen McLaughlin
Indiana University is showing signs that it's finally serious about translating research into commercial product, through grants it is awarding via its $10 million Innovate Indiana Fund and by developing a computing technology mini-campus.
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Simon biding its time after failed bid for rival

May 15, 2010
Cory Schouten
Analysts predict Simon Property Group Inc. will pay off debt and wait patiently for its next opportunity after withdrawing separate offers to either acquire General Growth Properties or finance its exit from bankruptcy. A New York judge had endorsed a rival plan that allows General Growth to stay independent.
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Indianapolis law firms raising rates again

May 15, 2010
Scott Olson
Recession's over. Time for law firms to get cracking on raising rates again. As was the case before the recession, the increases are outstripping inflation.
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Officials: Despite expansion, convention center needs work

May 15, 2010
Anthony Schoettle
Seven months before the $275 million expansion of the Indiana Convention Center is complete, convention planners and local convention and tourism officials are calling for an upgrade to the existing Convention Center space.
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Lender lawsuits seek millions from Broadbent owner

May 15, 2010
Scott Olson
Two new lawsuits stemming from Broadbent Co.’s financial problems charge company President George Broadbent defaulted on loans and owes more than $2.6 million.
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Resurgent Finish Line eyes plan for cash hoard

May 15, 2010
Cory Schouten
Finish Line Inc. is working to deploy the money it has built up through cost-cutting. The 684-store chain plans to reinvest in its core business, return cash to shareholders through higher dividends and share repurchases, and diversify its business.
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Duke Energy downsizes smart-grid plansRestricted Content

May 15, 2010
Chris O'Malley
Duke Energy has dramatically scaled back its proposed "smart" electric grid rollout, five months after regulators rejected an initial, $445 million plan.
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