News & Analysis

$1.25M from Finish Line helping build kids’ clubRestricted Content

August 30, 2014
Boys & Girls Clubs of Indianapolis broke ground Aug. 27 on a 22,000-square-foot facility on the east side.
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Colts helping train high school coachesRestricted Content

August 30, 2014
Thanks to $40,000 donated by the Indianapolis Colts, USA Football’s Heads Up Football safety program will be offered to all Indiana high school football coaches in 2015.
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Smarter Remarketer gets $7M in fundingRestricted Content

August 30, 2014
Smarter Remarketer, an Indianapolis-based retail technology firm, said Aug. 27 that it has lined up $7 million in venture debt financing from Los Angeles-based City National Bank.
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New United Way strategy fuels big changes

August 30, 2014
Andrea Muirragui Davis
United Way spent nine months putting together The New U—a strategic shift intended to speed change by investing in programs that make a measurable difference in the areas of education, income, health and basic needs.
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Main tenant of former United hub staying on

August 30, 2014
Kathleen McLaughlin
Indianapolis airport officials hope to soon renew their lease with AAR Corp., the aircraft service company that is a key tenant in United Airlines’ former maintenance hub.
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RACE: Rest areas, welcome centers send negative message

August 30, 2014
Bruce Race / Special to IBJ
Indiana has branded itself as the Crossroads of America. We take pride in being an automotive and industrial state. You’d think we’d embrace the idea of rest stops that welcome visitors and celebrate the car culture.
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Local Lotus dealership is one of only 42 in United States

August 30, 2014
Scott Olson
Gator Motorsport opened in October as Indiana’s sole Lotus dealer. It’s owned by 41-year-old Young Kim, a first-generation Korean immigrant and Ball State University grad who fell in love with the British hand-built brand as a youngster growing up in Chicago.
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Large crowds buoying pro sports teams

August 30, 2014
Anthony Schoettle
There’s never been a better time to be a professional sports franchise operator in Indianapolis. Season-ticket renewal rates and attendance are near record levels. But some observers wonder whether too much of a good thing could turn into a bad thing if spending on sports outruns growth in the local economy.
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Change of plea hearing set for Colts owner Irsay

August 29, 2014
Associated Press
A change of plea hearing has been set for Tuesday for Indianapolis Colts owner Jim Irsay, who faces drug-related charges following a March traffic stop.
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Court stays ruling striking down right-to-work law

August 29, 2014
Associated Press
The Indiana Supreme Court has ordered a northwest Indiana judge's ruling striking down the state's right-to-work law be stayed.
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Bosma removes Turner from leadership post-scandal

August 29, 2014
Associated Press
Indiana House Speaker Brian Bosma has removed Rep. Eric Turner from his leadership team amid concerns over Turner's lobbying against a nursing home construction ban that would have impacted his family's business.
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Mourdock stepping down as Indiana treasurer

August 29, 2014
Associated Press
Mourdock, who defeated longtime Sen. Richard Lugar in the 2012 U.S. Senate primary only to lose the general election after a comment about rape, resigned Friday, four months before the end of his term.
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UPDATE: Plan saves Anderson's Wigwam gym from demolition

August 29, 2014
Associated Press
The company that will operate under the name Wigwam LLC has agreed to maintain the gymnasium until at least 2030. It plans to convert part of the property into multifamily housing and to find partners to develop uses for other parts.
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Duke plans $1.9B in upgrades, seeks rate hike

August 29, 2014
Mason King
The electric utility said Friday that its customers would see a gradual rate increase over seven years for the project, designed to reduce power outages and provide high-tech meters.
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City Dems tap replacement for departed councilor Brown

August 29, 2014
 IBJ Staff
LaKeisha Jackson was chosen to replace Vernon Brown in District 18. Brown stepped down in August after 11 years on the council.
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Appeals court finds for employee in fight over non-compete pact

August 29, 2014
Jennifer Nelson / The Indiana Lawyer
An Indiana man who joined a competitor immediately after his employment ended at a Carmel-based company did not violate a non-compete agreement, the Indiana Court of Appeals ruled Thursday.
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Consumer spending hits first decline since January

August 29, 2014
Associated Press
U.S. consumer spending edged down 0.1 percent last month after a 0.4-percent increase in June, the Commerce Department reported Friday.
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More Indiana options coming on insurance exchange

August 29, 2014
Associated Press
Officials say Indiana residents will have more than triple the number of health insurance plans to choose from when the federal insurance exchange enrollment period starts in November. A a 5-percent average increase in exchange premiums is expected.
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Bloomington firm wins construction bid for transit center

August 28, 2014
Jeff Newman
The IndyGo board of directors on Thursday night chose Bloomington-based Weddle Bros. Building Group LLC to build the planned Downtown Transit Center. Weddle outbid five other companies.
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Lilly, partner lose appeal to overturn $9 billion Actos court award

August 28, 2014
Bloomberg News
Takeda Pharmaceutical Co. and Eli Lilly and Co. lost a bid to have a judge throw out a combined $9 billion punitive-damage award over claims the drugmakers hid the cancer risks of their Actos diabetes medicine.
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Indiana gets 1-year waiver of federal schools law

August 28, 2014
Associated Press
The U.S. Department of Education on Thursday granted a one-year extension of Indiana's waiver from the federal No Child Left Behind education law after the state resolved concerns.
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UPDATE: Tech entrepreneur Braun named DWD commissioner

August 28, 2014
Jeff Newman
State Rep. Steve Braun, an entrepreneur who sold a publicly traded technology company a decade ago, will take over leadership of the Indiana Department of Workforce Development in late November, Gov. Mike Pence announced Thursday morning.
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Nation's banks continue robust recovery as lending picks up

August 28, 2014
Associated Press
The FDIC says 57.5 percent of banks reported an increase in profit in the second quarter from a year earlier. They reduced their expenses, and lending marked its fastest pace since 2007.
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Antiques shop liquidation expected to draw big crowd

August 28, 2014
Associated Press
Red Ribbon Antiques, which opened its doors on Main Street in 1989, will open them one final time Sept. 6 to liquidate the inventory Gloria Holloway established over her 25-year business career.
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After WISH drama, CBS reaches deal with Lin for other affiliates

August 28, 2014
 Bloomberg News and IBJ Staff
CBS Corp. has agreed to renew affiliation agreements for 12 stations owned by Lin Media after it played hardball with the company and dropped its ties with WISH-TV in Indianapolis.
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