News & Analysis

Kohl's plans surge in holiday hiring nationally, locally

September 17, 2014
 Associated Press and IBJ Staff
About 2,000 of those hirings will take place in Indiana, including about 900 in the Indianapolis area. Kohl's has 39 stores in Indiana, and 18 in the metro area.<
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Fed signals plan to keep key rate at record low

September 17, 2014
Associated Press
The Fed said it planned to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market.
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GIPC taps Indy Chamber exec as new director

September 17, 2014
 IBJ Staff
The Greater Indianapolis Progress Committee on Wednesday announced the selection of Molly Deuberry as its new executive director.
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Community Health plans $175M expansion of East facilities

September 17, 2014
J.K. Wall
Community executives said the investment and projects, which will begin this fall and extend over several years, prove their long-term commitment to the east side of the city.
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Effort to unify Marion County school calendars fails

September 17, 2014
 Scott Elliott, Chalkbeat Indiana
A major barrier was the fact that different local unions represent the teachers in different districts, and those union contracts didn’t match up in a variety of ways.
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FedEx to add 50,000 seasonal jobs as online demand rises

September 17, 2014
Associated Press
Rival UPS says it will hire up to 95,000 seasonal workers. Both companies are benefiting from growth in online shopping.
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Republic Airways makes $2.1B order for 50 jets

September 17, 2014
Bloomberg News
Indianapolis-based Republic will take 50 of Embraer’s current-version E175 aircraft and fly them for United Airlines under the United Express brand, the companies said Wednesday.
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Purdue set to dedicate new engineering hall

September 17, 2014
Associated Press
Purdue University on Friday plans to dedicate a new $39 million engineering building the school hopes can help meet the nation's growing demand for engineers.
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Dems block funding for preschool plan as meeting erupts

September 16, 2014
 Chalkbeat Indiana
The Indianapolis City-County Council’s finance committee voted to table funding for Mayor Greg Ballard’s $50 million preschool expansion plan and quickly adjourned a three-hour meeting Tuesday night despite protests.
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Caterpillar chief: Indiana growing more competitive

September 16, 2014
Norm Heikens
CEO Doug Oberhelman said Tuesday that government overhauls and an aggressive economic development policy have made the state among the most attractive for investment.
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State Farm denied new trial on $14.5M defamation verdict

September 16, 2014
Jennifer Nelson / The Indiana Lawyer
The $14.5 million defamation verdict awarded against State Farm in favor of a Fishers-based contractor who accused the insurer of defaming him remains in place after the Indiana Court of Appeals rejected the company's request for a new trial.
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BMV announces overcharges of about $29 million

September 16, 2014
Associated Press
The Indiana Bureau of Motor Vehicles has announced about 180,000 people will be getting excise tax refunds because their vehicles were improperly classified during registration over the past decade.
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Local mayors tout plan for Red Line transit route

September 16, 2014
The mayors of Indianapolis, Carmel, Westfield and Greenwood on Tuesday announced a potential plan and a timetable for The Red Line, a proposed rapid-transit all-electric bus route that would stretch 28 miles from Hamilton County to Johnson County.
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UPDATE: Indiana rail upgrade decision expected this fall

September 16, 2014
Associated Press
The proposal from Louisville & Indiana Railroad and CSX Transportation would allow the line between Indianapolis and Louisville to handle larger and faster trains.
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Traffic reporter, sales chief leave WISH ahead of CBS pullout

September 16, 2014
Anthony Schoettle
The loss of Julie Patterson and Julie Zoumbaris comes as Channel 8 prepares for life without its CBS affiliation and tries to make long-term deals with advertisers.
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FDA set to review testosterone-boosting drug usage

September 16, 2014
Bloomberg News
Testosterone supplements used last year by about 2.3 million men are spurring debates over how necessary and safe they may be, even as U.S. regulators consider approving a new product.
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Area homebuilding permits hit August decline

September 16, 2014
 IBJ Staff
Permit filings for home construction in central Indiana fell 4 percent in August, the second straight month of declining activity in the homebuilding market.
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Toyota adding 180 jobs at Indiana factory

September 16, 2014
Associated Press
Strong sales for the Highlander and Sequoia SUVs as well as Sienna minivans have boosted production at the 4,700-worker factory near Princeton.
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Simon spinoff plans $4.3B merger with Ohio mall firm

September 16, 2014
 Bloomberg News and IBJ Staff
Washington Prime Group Inc. has agreed to buy Glimcher Realty Trust of Columbus, Ohio, in a deal valued at about $4.3 billion when including assumed debt. As part of the transaction, Simon Property Group will acquire two malls for $1.09 billion in cash.
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Cummins selects firm to design downtown office building

September 16, 2014
Scott Olson
The firm has chosen New York-based Deborah Berke Partners to design its $30 million global distribution headquarters that will be built on part of the site where Market Square Arena once stood.
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Greenwood eyes more land for development along I-65

September 16, 2014
Scott Olson
Though plans for a $22 million hotel and indoor sports complex seem in jeopardy, the city of Greenwood has other projects in the works along Interstate 65, including a new interchange and possibly an apartment development.
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Fishers mobile app developer lands $1M in VC funding

September 16, 2014
Jared Council
Bluebridge Digital LLC, which creates and manages mobile software applications primarily for not-for-profits, announced Tuesday that it closed a $1 million round of venture capital fundraising and plans to double its work force within a year.
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Lilly to pay AstraZeneca up to $500M in Alzheimer’s push

September 16, 2014
Bloomberg News
The two companies will work together to develop AZD3293, which belongs to a novel class of drugs called BACE inhibitors that block production of amyloid, a protein that causes plaque to build up in the brain of Alzheimer’s patients.
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Indiana reports increase in 2013 workplace deaths

September 16, 2014
Associated Press
The Labor Department reports there were 123 worker deaths last year, up from 115 a year earlier but still the third-lowest number in the past 22 years.
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Sheriffs: Mentally ill people swamping Indiana jails

September 15, 2014
Associated Press
County jails have become the "insane asylum" for Indiana as state hospital care for the mentally ill has declined, a sheriff told a legislative committee in Indianapolis on Monday.
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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

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