News & Analysis

Summer program turns teens into entrepreneursRestricted Content

August 17, 2009
Riya V. Anandwala
Eighteen students from Indianapolis’ Haughville neighborhood sold their wares— ranging from caps and sunglasses to purses to home-baked cookies—as part of a summer business-education program for low-income youth.
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Loan defaults could cost David Marsh his Geist homeRestricted Content

August 17, 2009
Cory Schouten
David A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.
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Schumacher leads Indians to 33 straight years of profitsRestricted Content

August 17, 2009
Anthony Schoettle
Max Schumacher, now in his 52nd year with the Indians, runs a tight ship. His attention to detail and strategic thinking have served the city's minor league baseball team well.
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Plethora of candidates likely for symphony postRestricted Content

August 17, 2009
Kathleen McLaughlin
The Indianapolis Symphony Orchestra's messy split with Mario Venzago is not expected to hamstring its search for a new music director.

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Schumacher prepares for eventual Indians exitRestricted Content

August 17, 2009
Anthony Schoettle
Max Schumacher is healthy, feels good and wants to continue working for the Indianapolis Indians full time. But with his 77th birthday approaching in October, Schumacher, chairman and president of the team, needs a succession plan.
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Glut of downtown office space grows

August 17, 2009
Cory Schouten
Safeco is leaving a five-building complex on North Meridian Street, and Eli Lilly and Co. has offered for lease its entire four-building Faris campus.

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Tenants trickling in to Purdue’s technology centerRestricted Content

August 17, 2009
Chris O'Malley
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8 million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
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Lottery sales fall 11 percent as Lotto, scratch-off demand wanes

August 14, 2009
Scott Olson
The Hoosier Lottery limped through its latest fiscal year, turning in its poorest sales performance in a half-decade due mostly to declining demand for Hoosier Lotto tickets and scratch-off games, the Lottery said today.
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IU Trustees elect Fort Wayne doctor president

August 14, 2009
 IBJ Staff
The Indiana University Board of Trustees have elected Fort Wayne surgeon Dr. William Cast to a two-year term as the board's president.
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IndyGo adding hybrids to supervisory fleet

August 14, 2009
 IBJ Staff
IndyGo plans to buy six new hybrid vehicles for its transportation supervisors.

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Deal returns Steak n Shake to steakhouse biz

August 13, 2009
Greg Andrews
The Steak n Shake Co.’s announcement this morning that it plans to purchase Western Sizzlin Corp. for about $23 million puts the Indianapolis restaurant company back in the steakhouse business for the first time since exiting it nearly a decade ago.
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Steak n Shake acquiring Western Sizzlin

August 13, 2009
Cory Schouten
The Steak n Shake Co. said it plans to acquire the Western Sizzlin restaurant chain in a deal valued at $23 million.
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DailyMed sales trim Arcadia losses

August 13, 2009
J.K. Wall
Arcadia Resources Inc. narrowed its losses in its most recent quarter as it started to accelerate sales in its highly-touted DailyMed program, the company said today.
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Carbon Motors files for $310 million loan

August 13, 2009
 IBJ Staff
Carbon Motors yesterday filed for a $310 million federal loan to help it begin producing high-tech police cars in Connersville.
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Denver group trying to lure Republic Airways HQ

August 13, 2009
 IBJ Staff
Indianapolis-based Republic Airways Holdings Inc. and Southwest Airlines Co. will battle it out in a bankruptcy court auction today for the rights to acquire Denver-based Frontier Airlines Holdings Inc.
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Southwest bid for Frontier could be in trouble

August 13, 2009
Scott Olson
Southwest Airlines Co.'s bid for Denver-based Frontier Airlines Holdings Inc. may have hit turbulence, according to the Dallas Morning News.
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Abatement approval paves way for Covance jobs

August 12, 2009
Scott Olson
The Hancock County Council this morning unanimously approved a tax-incentive agreement that should lead Covance Inc. to add 315 jobs at its Greenfield Laboratories.
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Cook predicts blockbuster with new stent

August 12, 2009
J.K. Wall
Bloomington-based Cook Medical has won European approval for a new artery-opening device for the legs that it predicts will be a blockbuster.
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Local company acquires monster truck series

August 11, 2009
 IBJ Staff
The Promotion Co Inc., an Indianapolis-based event promoter, said today that it has acquired the Monster Nationals series of monster-truck shows from Image Promotions Inc. in Chardon, Ohio.
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Vet supplier promises 30 jobs in Whitestown

August 11, 2009
 IBJ Staff
Idaho-based MWI Veterinary Supply Inc. said today it will establish distribution operations in Indiana by leasing space in Whitestown, creating more than 30 new jobs by the end of the year.
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Steak n Shake posts profit, rise in customer traffic

August 11, 2009
Scott Olson
Steak n Shake Co. late yesterday reported strong profit and big increases in customer traffic and same-store sales for its fiscal third quarter, which ended July 1.
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High-ranking WellPoint exec stepping down

August 11, 2009
J.K. Wall
WellPoint Inc.'s internal audit and chief compliance officer - and highest-ranking black executive - will leave the company later this month, according to a companywide e-mail sent out yesterday.
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Noble Roman's profit up, revenue down

August 11, 2009
 IBJ Staff
Noble Roman’s Inc. late yesterday reported a larger profit in the second quarter, primarily due to its continuing efforts to cut expenses by replacing company-owned restaurants with franchises.
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City-County Council OKs hotel tax hike

August 10, 2009
 IBJ Staff
The City-County Council voted 15-14 last night to approve raising the local hotel tax from 9 percent to 10 percent in a move intended to help the cash-strapped Indianapolis Capital Improvement Board close a $47 million operating deficit.
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CIB OKs budget, but awaits council vote

August 10, 2009
Scott Olson
Members of the Indianapolis Capital Improvement Board this afternoon passed a $63 million budget for 2010 that hinges on the City-County Council’s approval of a hike in the local hotel tax.
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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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