News & Analysis

Acquisition costs contribute to Kite quarterly loss

July 31, 2014
The company's loss of $5.1 million in the second quarter was mostly due to costs from its $1.2 billion acquisition of Inland Diversified Real Estate Trust early this month, the Indianapolis-based company said.
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Stock market plunges as multiple worries vex investors

July 31, 2014
Associated Press
The stock market fell in early trading after a dose of bad earnings news, and the losses accelerated throughout the day. The three major indexes suffered their biggest losses in months.
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WRTV Channel 6 parent grows in major media merger

July 31, 2014
Journal Communications Inc. and E.W. Scripps Co. have an agreement to merge broadcasting operations while spinning off newspaper holdings into a separate public entity, the companies announced late Wednesday.
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Grand Park helps Hamilton County hotels run up score

July 31, 2014
Andrea Muirragui Davis
Hotel business is booming in Hamilton County, with mid-year occupancy up 9 percent from the first half of 2013. Open since March, Westfield's massive Grand Park Sports Campus has thrown its weight behind the surge.
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As U.S. job market strengthens, many don't feel it

July 31, 2014
Associated Press
The economic recovery is entering its sixth year, but a number of factors help explain why many Americans don't feel better off.
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Head of Indiana alcohol agency taking Ivy Tech job

July 31, 2014
Associated Press
Ivy Tech announced Thursday that Alex Huskey will become the Marion campus president beginning Aug. 25.
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State highway official leaving before review done

July 31, 2014
Associated Press
Indiana Department of Transportation chief of staff Troy Woodruff, who is under state investigation, sent an email to agency employees on Wednesday saying that he would step down Thursday.
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HHGregg shares slide on disappointing quarterly results

July 31, 2014
 IBJ Staff
HHGregg Inc. lost more money than expected in its latest quarter as sales slumped dramatically, the Indianapolis-based appliance, electronics and furniture retailer reported Thursday morning.
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Pence pushes Medicaid alternative with HHS chief

July 30, 2014
Associated Press
Gov. Mike Pence told U.S. Health and Human Services Secretary Sylvia Burwell that he wants to maintain Indiana's "freedom and flexibility" under any expansion of Medicaid.
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Indiana education split plays out in No Child request

July 30, 2014
Associated Press
A new critique of Indiana's efforts to maintain its exemptions from the No Child Left Behind requirements, written by top staff to Gov. Mike Pence, is widening a rift between state education leaders as federal officials near a decision on the waiver.
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Duke Realty reports strong quarterly results

July 30, 2014
 IBJ Staff
Duke Realty Corp. saw a surge in revenue, profit and funds from operations in the second quarter compared with a year ago, the Indianapolis-based real estate developer said late Wednesday afternoon.
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Fed offers no clearer hint on first rate increase

July 30, 2014
Associated Press
The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less help. But it's offering no clearer hint of when it will start raising its benchmark short-term interest rate.
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Probe exposes flaws behind HealthCare.gov rollout

July 30, 2014
Associated Press
Management failures by the Obama administration set the stage for the computer woes that paralyzed the president's new health care program last fall, nonpartisan investigators said in testimony released Wednesday.
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Venue change granted for Indy house blast suspect

July 30, 2014
Associated Press
Judge Sheila Carlisle granted the request for Mark Leonard on Wednesday after prosecutors withdrew their objection to the change-of-venue request.
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Revised data: Economy grew faster in 2nd half of 2013

July 30, 2014
Associated Press
Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
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Speedway officials seek new ways to attract fans

July 30, 2014
Associated Press
Every year the challenge of keeping racing fans engaged gets a little tougher as organizers increasingly compete against other sports and children's events while trying to get fan dollars in a still-tough economy.
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Ballard proposes $50M preschool program as part of crime initiative

July 30, 2014
J.K. Wall
Mayor Greg Ballard on Wednesday proposed a 5-year program to pay for preschool for 4-year-olds from low-income families. He also floated hiring another 280 police officers. The cost to the average household would be $86 per year.
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Indy Fuel inks broadcast agreement with WRTV

July 30, 2014
 IBJ Staff
The city's new professional hockey team, the Indy Fuel, said Wednesday that it has reached a broadcast agreement with WRTV Channel 6 to televise the team's 36 home games during the 2014-15 season.
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WellPoint beats expectations despite smaller profit

July 30, 2014
Associated Press, J.K. Wall
WellPoint Inc.'s profit fell in the second quarter, but still topped Wall Street's expectations. The health insurer raised its full-year profit forecast and projections for enrollment in its health plans.
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Marketing firm hired to find Fairgrounds Coliseum sponsor

July 30, 2014
Scott Olson
Denver-based Impression Sports & Entertainment announced Tuesday that it’s been retained to secure a naming-rights sponsor for the recently renovated coliseum.
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For-profit colleges tap GI Bill loophole for business

July 30, 2014
Bloomberg News
The so-called “90/10 rule” limits a for-profit college to getting no more than 90 percent of its revenue from the government. However, veterans’ and military tuition programs are excluded from the cap, and the colleges have aggressively recruited from the military.
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Pence wants immigrant children returned to home countries

July 29, 2014
Associated Press
Pence said Tuesday he did not learn about the placement of more than 200 immigrant children with Indiana families until reading about it in news reports. Thousands of unaccompanied children have migrated to the U.S. illegally this year.
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Connecticut nixes rate increase by WellPoint subsidiary

July 29, 2014
Associated Press
Anthem told regulators that the 12.5-percent rate increase was needed because of higher costs for medical services, pharmaceuticals and fees levied by the federal government as part of the Affordable Care Act.
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Soldiers get $92M in debt relief under settlement

July 29, 2014
Associated Press
Thirteen states, including Indiana, have settled an investigation into improper lending with a court agreement that is expected to provide $92 million in debt relief for 17,800 U.S. military personnel.
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Three-drink limit for beer, wine at Indiana State Fair

July 29, 2014
Associated Press
Strict limits will be in place when the Indiana State Fair sells alcoholic drinks for the first since 1946 when its 17-day run begins Friday.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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