News & Analysis

WISH-TV expanding daily newscasts by four hours

October 1, 2014
Jeff Newman, Anthony Schoettle
WISH-TV Channel 8, which will lose its 58-year affiliation with CBS-TV at the end of the year, is planning to fill some of the programming void with local news coverage, the Indianapolis station announced Wednesday.
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Pagenaud convinces Penske to expand to 4 IndyCar entries

October 1, 2014
Associated Press
Team Penske this week added the Frenchman to its IndyCar lineup, which will have four full-time cars next season for the first time in team history.
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UPDATE: Angie's suitors could include Amazon, Yelp, IAC

October 1, 2014
Jared Council
Amazon has been developing its own local services marketplace. Yelp is the leading consumer-review service in the retail space. Website Holding company IAC, meanwhile, has a big stash of cash and owns competitor HomeAdvisor.com.
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U.S. construction spending slumps 0.8 percent

October 1, 2014
Associated Press
U.S. construction spending fell in August, the second decline in the past three months, with housing, non-residential and government projects all showing weakness.
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Manufacturing index shows slower growth

October 1, 2014
Associated Press
The pace of U.S. manufacturing growth slowed in September, as expectations for hiring and new orders slipped from their August levels.
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Shopping malls brace for wave of consolidation

October 1, 2014
Bloomberg News
There's a hunger in the retail industry for lower-tier, "B" shopping centers, seen as a bargain by potential owners. A $4.3 billion deal in the works involving a Simon Property Group spinoff could trigger more transactions.
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What if high court rejects gay marriage cases?

October 1, 2014
Associated Press analysis
Almost everyone is calling for the Supreme Court to step in and make a decision on gay marriage, but not getting involved is a possibility. The issue was on the agenda when the justices met in private Monday to decide new cases to hear this term.
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UPDATE: 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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Pair of top Pence aides leaving administration

October 1, 2014
Associated Press
Indiana Gov. Mike Pence announced Tuesday that personnel director Anita Samuel and former workforce development commissioner Scott Sanders are exiting their positions.
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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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