News & Analysis

Rokita to politicians: Careful with donations from union

October 13, 2010
J.K. Wall
Secretary of state warns candidates that if he prevails in court, his securities division staff will pursue any money the candidates received from the Indiana State Teachers Association's political action committee.
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Heating bills should be cheaper this winter, utility says

October 13, 2010
Citizens Energy Group projects that the gas bill of its average residential customer will decline about 7 percent over the winter heating season. The utility said a customer who uses the typical amount of natural gas will spend $580, down from $620 last season.
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LEADING QUESTIONS: CPA Sponsel takes calculated risk

October 13, 2010
Mason King
Sponsel WatchVideoWith a family history rich with entrepreneurs, Tom Sponsel decided late in his accounting career to strike out on his own.
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WellPoint, Aetna led U.S. insurers in coverage denial

October 13, 2010
Bloomberg News
Until all consumers are required to buy health insurance, coverage restrictions are needed to keep people from gaming the system, insurers say.
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Biomet sales rise, but slower than expected

October 13, 2010
Associated Press
Biomet's quarterly results are considered an indicator on the state of the orthopedic device industry because it reports results before most of its competitors.
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Duke Energy wins verdict reversal in clean-air case

October 13, 2010
Bloomberg News
The renovations complied with Indiana's plan for implementing the federal Clean Air Act, a three-judge panel of the U.S. Court of Appeals in Chicago said in Tuesday's ruling.
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Lilly falls short on 'field goal' attempt

October 13, 2010
J.K. Wall
Eli Lilly and Co.’s “miss” on a new use for its cancer drug Alimta was a rare failure to get an existing drug approved for a new use—even though the company has struggled mightily to get entirely new drugs to market.
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Irsay: NFL owners, players 'have to find a solution'

October 13, 2010
Bloomberg News
National Football League owners are looking for ways to reach a new labor deal with players and preparing for what happens if those efforts don’t succeed. A strike or lockout could affect Indianapolis' plans to host the 2012 Super Bowl.
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German steelmaker expanding in Tell City

October 12, 2010
Associated Press
A unit of the German steelmaker ThyssenKrupp AG said Tuesday it will invest $36.5 million in equipment to expand capacity at the 480,000-square-foot plant, creating up to 160 jobs.
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Reebok's loss of NFL contract could hurt local plant

October 12, 2010
 IBJ Staff and Bloomberg News
Competitor Nike Inc. will become the official apparel maker for the National Football League in 2012. The loss of the contract could mean layoffs at the Reebok plant on Indianapolis' east side that makes NFL apparel and employs about 1,000.
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Home sales continue to slump, but prices rise

October 12, 2010
 IBJ Staff
Home-sale agreements in the nine-county area fell 22.8 percent in September when compared with the same month a year earlier, according to a report released Tuesday by F.C. Tucker Co.
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Duke Energy names interim president amid probe

October 12, 2010
Scott Olson
Decision to replace Indiana CEO Mike Reed, who has been placed on administrative leave, follows a state investigation into an ethics controversy involving Duke that resulted in the dismissal of the chairman of the Indiana Utility Regulatory Commission.
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Biglari offers to acquire Michigan insurer in $51M deal

October 12, 2010
Cory Schouten
The parent company of Steak n Shake has raised its offer for a small Michigan insurer that spurned its advances late last year.
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Santorini owner vows to rebuild after fire

October 12, 2010
Scott Olson
An early-Tuesday blaze destroyed the Fountain Square restaurant that Taki Sawi opened in 2001. Fire officials estimate damage between $800,000 and $900,000.
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Developer of Binford Medical Complex files for Chapter 11

October 12, 2010
Cory Schouten
The developer of an unfinished medical office complex on Binford Boulevard has filed for Chapter 11 bankruptcy protection in hopes it can retain control of the property and resume construction later this year.
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WellPoint, other insurers' stock buybacks concern investors

October 12, 2010
Bloomberg News
Indianapolis-based WellPoint Inc. and competing U.S. health insurers approved $10 billion in stock repurchases in the past year, a concern to investors who say buybacks failed to increase share prices and who want more spent on dividends.
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Industry vet sees sectors on upswing, auctions booming

October 11, 2010
Cory Schouten
REW watch videoJeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
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Frontier could seek marketing deal with major airline

October 11, 2010
Bloomberg News
Frontier Airlines may seek a marketing agreement with a major carrier as industry collaboration continues, said Bryan Bedford, chief executive of Indianapolis-based parent company Republic Airways Holdings Inc.
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Broadbent subsidiary seeks bankruptcy reorganization

October 11, 2010
Scott Olson
The owner of the building that houses the Music Mill concert venue listed assets of $1.4 million and liabilities of $1.3 million.
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City Securities snares veteran stockbroker from competitor

October 11, 2010
Scott Olson
L. Gene Tanner has left PNC Investments to join City Securities Corp. The veteran stockbroker who began his career with the former Raffensperger Hughes firm in 1958 said he has returned to familiar territory.
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Lilly's Erbitux shows mixed results in cancer studies

October 11, 2010
Bloomberg News
In combination with chemotherapy, the drug failed to help colon-cancer patients in a European trial but did delay the spread of breast cancer in some patients with a certain type of aggressive tumor.
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CIB budget could face rough ride in council

October 11, 2010
Francesca Jarosz
Some City-County Council members are skeptical of the Capital Improvement Board's spending plan for 2011 that includes $10 million for the privately operated Indiana Pacers.
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New Purdue smoking policy sparks complaints

October 11, 2010
 IBJ Staff and Associated Press
The policy limits smoking to 22 designated areas across campus, where on at least a couple occasions overfilled receptacles have caught fire.
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IPL chief Ann Murtlow is 'personable' power

October 9, 2010
Francesca Jarosz
Mutlow_WatchVideoAnn Murtlow's ability to connect with employees and the community has helped her thrive in a male-dominated field. She is one of a only a handful of women in the country to lead utilities.
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Central Indiana real estate auction activity heats up

October 9, 2010
Cory Schouten
A recent wave of foreclosure auctions suggests banks and other underwater real estate owners finally are poised to let go of a glut of properties.
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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

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