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News & Analysis
ICVA might take out loan to market city for conventions
August 24, 2009
Anthony SchoettleThe Indianapolis Convention & Visitors Association is so desperate for more marketing funding, the organization charged
with promoting the city as a convention and tourism destination is considering taking out a loan. While that
would be the last resort, ICVA CEO Don Welsh said it is one he will have to consider if the money can’t be raised through
local taxes.
MoreINpact Medical Device Network matches start-ups with service providers
August 24, 2009
Chris O'MalleyIndustry groups in the life sciences, medical and information technology realms have helped lure companies to the region
and foster upstarts. Funding is almost always an issue, but it’s not the only barrier. Getting medical
devices to market often requires product design, development and marketing resources that aren’t
always apparent to upstarts.
MoreDocs offer varied cures for ailing health care system
August 24, 2009
J.K. WallIndianapolis physicians are mixed on the merits of a government-run, "public" health insurance plan. How reforms
might affect their pay is another major concern.
MoreDemocrats eager to face Ballard
August 24, 2009
Cory SchoutenSeveral prominent local Democrats are lining up to challenge Republican Mayor Greg Ballard just two years into his first
term.
MoreAffordable housing developers struggle as key funding source disappears
August 24, 2009
Kathleen McLaughlinAffordable
housing developers nationwide are facing a drastically weaker market for tax credits.
MoreDodson Group hit crisis mode after trusted CFO suspected of theft
August 24, 2009
Peter SchnitzlerAt first, small-business owner Jim Dodson figured the problem must be a technical glitch. During a routine analysis of
aging unpaid invoices last September, one of his employees couldn’t tie the latest figures to the company’s ledger.
Accounts receivable for his company,
the Dodson Group, had been overstated by $2.7 million—double their true value. And $422,539 was missing from the firm’s
coffers.
MoreDirector of Carmel performing arts center says venue will be 'amazing'
August 24, 2009
Kathleen McLaughlinSteven Libman believes he’ll have no trouble raising money for a $3 million operating budget, and says he plans to
pack the calendar with big-name acts.
MoreLocals settle First Indiana insider-trading case
August 24, 2009
Greg AndrewsThe Securities and Exchange Commission said today that it has settled insider-trading charges against three local residents
who bought shares in First Indiana Corp. immediately before the July 9, 2007, announcement that it was being acquired by a
Milwaukee bank for a 42-percent premium.
MoreIU to induct Knight into hall of fame
August 22, 2009
Anthony SchoettleFormer Indiana University coach Bob Knight will be inducted Nov. 6 into the school’s athletic hall of fame, but it remains
to be seen if The General will come marching back to Bloomington.
MoreLennen, Ledyard named hospital presidents
August 21, 2009
IBJ StaffCommunity Health Network has chosen Anthony Lennen as president of Community Hospital South and Dr. Robin Ledyard as president
of Community Hospital East, the health care system announced this morning.
MoreAirport axes five directors in cost-cutting move
August 21, 2009
Scott OlsonFive executives are among seven employees let go by the Indianapolis Airport Authority as part of its efforts to cut expenses
amid declining airport revenue.
MoreIndiana's jobless rate remains nearly unchanged
August 21, 2009
IBJ StaffIndiana's unemployment situation appears to be stabilizing as the jobless rate held almost steady for the third month in a
row, the Indiana Department of Workforce Development said this morning.
MoreSallie Mae rallies over jobs in Fishers
August 21, 2009
Scott OlsonSallie Mae CEO Al Lord visited the company's Fishers office this morning in his latest effort to get the word out that his
business and his employees' jobs are threatened by a government proposal.
MoreIT consultant Apparatus buying WFYI building
August 20, 2009
IBJ StaffLocally based information technology consultant Apparatus has agreed to buy the former WFYI building at 1401 N. Meridian St.
for a new headquarters.
MoreAdam's Mark converting to Wyndham
August 20, 2009
Scott OlsonThe Adam’s Mark Hotel Indianapolis has become the Wyndham Indianapolis West Hotel.
MoreHarley-Davidson scouts Shelby County for site
August 20, 2009
Milwaukee-based Harley-Davidson Inc. is considering Shelby County as the site for a massive new motorcycle plant.
MoreSite visit lifts county's hopes for landing Harley
August 20, 2009
IBJ StaffHarley-Davidson Inc. officials were in Shelby County yesterday assessing it as a location for a new motorcycle plant, but
it isn’t yet clear how the county stacks up to other U.S. locales that also are in the running for the economic-development
prize.
MoreIndiana workplace deaths rise slightly
August 20, 2009
IBJ StaffThe number of Hoosiers who died on the job last year ticked up from the previous year. But the total still represents the
second-fewest workplace fatalities since the federal government began tracking the statistic in 1992, the Indiana Department
of Labor said today.
MoreBREAKING: Schrenker sentenced to 51 months in prison
August 19, 2009
IBJ Staff and Associated PressIndiana money manager Marcus Schrenker was sentenced to 51 months in federal prison today in Florida on charges that he deliberately
crashed his plane to fake his own death and flee financial ruin, according to the Pensacola News Journal.
MoreRushville broadband firm plans 100 jobs
August 19, 2009
Scott OlsonRushville-based Omnicity Corp. said this morning that it plans to create 100 jobs there within the next three years by investing
$2.5 million in wireless infrastructure and a new corporate headquarters.
MoreFurniture maker trims losses in second quarter
August 19, 2009
IBJ StaffWest Lafayette furniture maker Chromcraft Revington Inc. narrowed its losses in the second quarter by shedding unprofitable
products, closing plants and reducing expenses, the company said yesterday.
MoreSchrenker faces nine more charges in Indiana
August 19, 2009
IBJ StaffAn Indiana money manager scheduled to be sentenced today in Florida on charges he deliberately crashed his plane to fake his
death and flee financial ruin now faces more charges in his home state.
MoreBREAKING: Jury finds Premier's White guilty
August 18, 2009
Cory SchoutenA Marion County jury this evening found Christopher P. White guilty of three Class C felonies related to a $500,000 bad check
he wrote last year in a last-ditch attempt to save his locally based development firm, Premier Properties USA Inc.
MoreLilly drops osteoporosis pipeline drug
August 18, 2009
J.K. WallEli Lilly and Co. pulled the plug on yet another drug in its pipeline that was in the late stages of testing, further complicating
the company’s attempts to find revenue before losing patent protection on its bestseller.
MoreNew health center to carry Jane Pauley's name
August 18, 2009
IBJ StaffCommunity Health Network and the Metropolitan School District of Warren Township will open a new community health center inside
the Renaissance School, at 30th Street and Post Road in Indianapolis, the two organizations announced today.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!