News & Analysis

Lawrence Township exploring fire department merger

November 17, 2009
A Lawrence Township trustee is proposing to merge the township’s fire department with the Indianapolis Fire Department, in an attempt to further reduce its operating deficit.
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Cutbacks help Remy improve quarterly profit

November 17, 2009
Auto parts maker Remy International Inc. said Monday that profit rose to $16.5 million in the third quarter, up from $4.3 million in the same quarter a year ago, as the company cut staff and pay to compensate for lagging sales.
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AuthorHouse parent hooks up with publisher Harlequin

November 17, 2009
Bloomington-based Author Solutions Inc. announced Tuesday that it has entered into a self-publishing partnership with Toronto-based Harlequin Enterprises Limited, a prolific publisher of romance novels.
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Symphony reports record shortfall of $2.8 million

November 16, 2009
Kathleen McLaughlin
Indianapolis Symphony Orchestra CEO Simon Crookall said he's expecting a smaller but still significant gap of $1.3 million in the 2010 budget year.
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Property tax-cap issue could dominate next Indiana Legislature

November 16, 2009
Scott Olson
Lawmakers meet Tuesday for Organizational Day and will begin debating measures Jan. 5 when the Legislature officially convenes for a short session.
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Failed jewelry retailer to sell millions in inventory

November 16, 2009
Greg Andrews
An old-line Indianapolis jewelry business has shut down, setting the stage for the sale of millions of dollars in remaining inventory through auctions planned in Indianapolis, Chicago, Miami and Naples, Fla.
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Biz interests expect tax issues to vex Legislature

November 16, 2009
Scott Olson
Increases in property and payroll taxes are among the key issues again confronting the business community when the General Assembly convenes in January.
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Mayor's European mission focusing on motorsports industry

November 16, 2009
A delegation of business and community leaders led by Indianapolis Mayor Greg Ballard departed for Europe Nov. 14 on a nine-day economic development mission to help grow the city’s motorsports industry.
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Arcadia sees bigger quarterly loss on lower revenue

November 16, 2009
J.K. Wall
Health care company Arcadia Resources Inc. saw growth in pharmacy business, offset by slower medical staffing sales.
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CTI reports quarterly loss on lower revenue

November 16, 2009
Indianapolis-based CTI Group Holdings Inc. lost $337,549 in the third quarter on significantly declining revenue.
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Carmel electric marketer planning expansion

November 16, 2009
 IBJ Staff
Carmel’s ACES Power Marketing LLC plans to invest $6.6 million to expand its West 99th Street headquarters—a move that could allow it to add 40 jobs, the Indiana Economic Development Corp. said early Monday.
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New Anthem pay-for-performance program gives docs $3.1M

November 14, 2009
J.K. Wall
Anthem Blue Cross and Blue Shield of Indiana is doling out $3.1 million to Indianapolis-area doctors—its first payments based on a local quality measuring system.
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Local convention leaders wine, dine crucial meeting planners

November 14, 2009
Anthony Schoettle
Behind every convention that rolls into Indianapolis is a tedious sales effort as intense and invisible as a riptide. Sometimes the sale cycle lasts as long as six years.
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Indiana tourism sites staying busy despite soft economyRestricted Content

November 14, 2009
Norm Heikens
Hoosiers are shrugging off hard times and heading out on vacation, so much so that some of the state's top attractions actually are seeing attendance boomlets. But the travelers are sticking close to home, and they're clenching their dollars tightly.
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Indianapolis Zoo attendance clipped by weather, economyRestricted Content

November 14, 2009
Norm Heikens
Indianapolis Zoo attendance is down in 2009, but poor weather may be to blame as much as the weak economy.
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City Market gets OK to evict anchor Constantino's

November 14, 2009
Peter Schnitzler
The cash-strapped, half-vacant City Market is playing legal hardball with five current or former tenants that are behind on rent, a move that’s led to the imminent eviction of Constantino’s Market Place.
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Art Center trims staff to head off long-term problemsRestricted Content

November 14, 2009
Kathleen McLaughlin
The Indianapolis Art Center laid off its full-time curator and cut one other position this month in an effort to pay down short-term credit and deal with reduced income from its classes.
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Rokita builds rep as tough enforcer of securities lawsRestricted Content

November 14, 2009
Peter Schnitzler
Secretary of State Todd Rokita has relied on fines and fees to greatly increase his office's firepower without a tax hike.
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Scott Watanabe looks to transform digital textbooksRestricted Content

November 14, 2009
J.K. Wall
Watanabe, son of the late Eli Lilly and Co. scientist, has hired investment bankers to help raise $10 million for his business, Encompass Media.
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Teachers' pension fund poised to buy downtown building from DukeRestricted Content

November 14, 2009
Cory Schouten
The Indiana State Teachers’ Retirement Fund is negotiating to buy a 12-story office building across from the Statehouse in what could be the year’s largest downtown office transaction.
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Indy route not part of high-speed rail funding applicationRestricted Content

November 14, 2009
Chris O'Malley
The decision to sidetrack a 110-mph Chicago-Indianapolis-Cincinnati train hasn’t received any attention locally. High-speed rail could someday become an economic development engine here, but it has not gained as much attention here as improved highways or a commuter rail line from downtown to Noblesville.
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Bob & Tom keep Q95 on a roll even as classic-rock format shows age

November 14, 2009
Anthony Schoettle
Q95's Tom Griswold and Bob Kevoian have maintained their lofty ratings, keeping the Clear Channel Radio station near the top of the Indianapolis radio market.
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New high-definition technology transforming television advertising in IndianapolisRestricted Content

November 14, 2009
Anthony Schoettle
Red Digital Cinema Technology gives video producers the ability to shoot in high-definition quality without the expense of film, and local advertisers are taking advantage.
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Hancock Regional Hospital goes after Geist market

November 14, 2009
Kathleen McLaughlin
The $7.8 million medical office building in McCordsville will allow the hospital to tap patients with private insurance.
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Format change likely in offing for 107.9 FM

November 13, 2009
Scott Olson
Local radio station WNTR-FM 107.9, known as The Track, has dismissed four staff members and started playing holiday music in what observers say is likely leading to a format change.
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