News & Analysis

Amtrak angles to keep control of Hoosier State route

October 1, 2014
Kathleen McLaughlin
A little-used, delay-plagued passenger rail line from Indianapolis to Chicago has become a battleground, as Amtrak tries to fend off competition invited by the Indiana Department of Transportation.
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U.S. judge blocks Obamacare tax rule for non-exchange states

September 30, 2014
Bloomberg News
An Oklahoma federal judge dealt a blow to President Barack Obama’s health-care law, invalidating IRS rules aimed at making policies affordable for consumers around the country.
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Purdue, Indiana State receive U.S. innovation grants

September 30, 2014
Associated Press
Purdue and Indiana State universities are among 24 colleges and universities receiving grants from the Education Department to foster innovation in college value and efficiency.
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Report: Angie's List hires bankers to explore sale

September 30, 2014
 IBJ Staff
The Financial Times said the Indianapolis consumer-review company already has had conversations with prospective buyers but "is not wedded to selling itself."
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Fuson replaces Morris as Indiana Pacers president

September 30, 2014
 IBJ Staff
The Indiana Pacers on Tuesday announced a front-office shuffle that will see longtime executive Rick Fuson replace Jim Morris as president of Pacers Sports & Entertainment. Morris will become vice chairman.
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Indiana AG proposes home contractor registry

September 30, 2014
Associated Press
Attorney General Greg Zoeller wants Indiana lawmakers to approve a state registry for home-remodeling contractors to boost consumer protections against would-be scammers.
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Government: NFL TV 'blackout' rule unsportsmanlike

September 30, 2014
Associated Press
The vote won't actually end blackouts, which are written into the NFL's private contracts with broadcast and cable companies. But it means responsibility for blackouts now lies entirely with the NFL and its television partners, not the government.
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Prospective Salesforce tower spurs proposal, concerns

September 30, 2014
Jared Council
News that Salesforce.com wants a signature office tower downtown already has sparked an overture from one developer, shined a spotlight on available sites, and triggered fears about the impact on office vacancy rates.
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Developer plans $9.1M project on Fountain Square parking lot

September 30, 2014
Scott Olson
City officials have selected Deylen Realty's proposal to build a five-story apartment-and-retail project on a surface parking lot the city has owned for years.
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Four-story addition proposed for Mass Ave. office building

September 30, 2014
Scott Olson
Gershman Partners, which bought the Marott Center less than a year ago, wants to build the addition on an adjacent surface lot.
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BKD gets bigger with Chicago, Dallas acquisitions

September 30, 2014
 IBJ Staff
National accounting powerhouse BKD LLP, which has major operations in Indianapolis, is expanding its territory with two acquisitions announced this week.
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Indiana casinos want wagering, admission taxes cut

September 30, 2014
Associated Press
A legislative committee is weighing requests from Indiana casino operators to reduce the state's wagering tax rates and eliminate the $3 admission tax for everyone who enters a riverboat, even if not gambling.
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Southeast-side CDC names new president

September 30, 2014
Southeast Neighborhood Development Inc. selected a veteran city official to take over the position from its current president, who is retiring.
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Cumberland eyes pavilion for markets, festivals

September 30, 2014
Associated Press
Town officials are eyeing a $1 million project to turn the former Schreiber Lumber pavilion near Carroll Road into a trailhead to host farmers markets, festivals, fundraisers and more.
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RV industry shipments on best pace since 2007

September 30, 2014
Associated Press
RV shipments for the first eight months of 2014 have reached about 246,000 units, a gain of 9 percent from 2013.
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High demand for road salt pushes costs up for state, city

September 29, 2014
 Associated Press and IBJ Staff
The Indianapolis Department of Public Works will pay 11.5 percent more for road salt this winter than it did a year ago. Salt prices on regional bids across the state are now an average of 57 percent higher than last year's prices, according to INDOT.
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Tax caps have greatest impact for rental-property, farm owners

September 29, 2014
 The Statehouse File
The owners of rental homes and apartments are among the property owners that are helped most by a tax cap system the state fully implemented in 2010.
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Cook CEO tops list of richest Hoosiers

September 29, 2014
 IBJ Staff
Cook Group Inc. CEO Carl Cook is among four Hoosiers on Forbes' annual list of the 400 richest people in America.
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Endocyte faces big decisions with new cancer drug

September 29, 2014
J.K. Wall
Endocyte's lead drug showed big impact on lung cancer patients, but some analysts think the company should scrap it for a newer drug that is more powerful.
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Washington Square Mall losing biggest tenant

September 29, 2014
Jeff Newman
Sears Roebuck and Co. plans to close its 194,680-square-foot anchor store in early December, the retailer confirmed Monday. A liquidation sale began Friday.
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Coalition announces legislative agenda aimed at public fraud

September 29, 2014
 The Statehouse File
A group of officials representing local, state and federal governments will push a series of legislative proposals meant to protect public funds and speed the recovery of tax dollars lost to fraud.
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Food distributor to open natural-gas fueling station

September 29, 2014
Kathleen McLaughlin
Indianapolis-based Delco Foods plans to break ground Wednesday on a new compressed natural gas fueling station at 8775 Zionsville Road to serve its own delivery fleet as well as the public.
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ATM, overdraft fees keep climbing, bank survey says

September 29, 2014
Associated Press
The average fee for using an out-of-network ATM has vaulted 23 percent over the past five years. It has notched a new high for eight years in a row.
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Indiana farm fatalities continue downward trend

September 29, 2014
Associated Press
The report says Indiana has had fewer than 30 documented deaths from farm-related accidents each year since 1996.
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Reservoir talk not moving Mounds shopping mall

September 29, 2014
Associated Press
Mounds Mall leasing official Jesse Wilkerson said new tenants are being actively sought for the mall, but it is exploring options for relocating, if necessary.
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