News & Analysis

Interactive Intelligence takes quarterly loss

August 4, 2014
 IBJ Staff
Interactive was right on target with the preliminary earnings announcement it made July 16, when it predicted revenue between $86 million and $88 million and an operating loss between $11 million and $12 million.
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ISTEPs bring 'mixed bag' for Indiana charter schools

August 4, 2014
Associated Press
Performance among Indiana's charter schools on the 2014 ISTEP tests ran the gamut from low passing rates to rates similar to the state's best public schools.
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ITT Educational CEO signals resignation amid stock freefall, federal scrutiny

August 4, 2014
Mason King, J.K. Wall
Carmel-based ITT Educational Services Inc. announced late Monday afternoon that CEO Kevin Modany planned to resign within six months. The struggling for-profit education firm has drawn scrutiny from government officials for its marketing and lending practices.
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Pacers’ NBA title odds plunge after George’s broken leg

August 4, 2014
Bloomberg News
The Pacers were among the favorites to challenge for the Eastern Conference title this season. That was before Paul George tried to block a layup during a Team USA scrimmage three days ago and broke his right leg in multiple places.
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Indiana health startups have raised $100M this year

August 4, 2014
J.K. Wall
Investors seem to have rediscovered the Midwest this year, pouring a record $777 million into 139 companies, according to BioEnterprise. In the first half of 2013, Midwest companies raised $351 million.
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City’s Covanta deal discourages rival recycling programs

August 4, 2014
Kathleen McLaughlin
Details of a pending recycling deal with Covanta are emerging. Under the pact, the city of Indianapolis would face financial penalties if it launches other recycling programs.
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ITT Educational shares reeling after deal falls through

August 4, 2014
Bloomberg News
The real estate deal would have brought as much as $119.1 million for the struggling, Carmel-based education firm.
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State eyes downtown site for $17M archives project

August 4, 2014
Mason King
Officials want developers to submit plans for a site on the American Legion Mall, including an existing historic building and a 36,000-square-foot addition.
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REI Investments agrees to buy site of former GM stamping plant

August 4, 2014
Scott Olson
The local developer plans to purchase the entire 102-acre property, which has been earmarked for a 15,000-seat outdoor concert venue and the city's new criminal justice complex.
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U.S. airfares on the rise, outpacing inflation

August 4, 2014
Associated Press
The average roundtrip ticket within the U.S., including taxes, reached $509.15 in the first six months of this year, up nearly $14 from the same period last year.
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Not so golden: Wealth gap lasting into retirement

August 4, 2014
Associated Press
With traditional pensions becoming rarer in the private sector, and lower-paid workers less likely to have access to an employer-provided retirement plan, there is a growing gulf in the retirement savings of the wealthy and people with lower incomes.
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Indiana ethics cases draw watchdog frustration

August 4, 2014
Associated Press analysis
Lawmakers say they are going to look at new transparency rules after public officials skirted the law in three separate ethics cases this year.
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Paul George's broken leg leaves Pacers reeling

August 2, 2014
Associated Press
The Indiana Pacers, a round short of the NBA Finals the last two years, are left pondering a season without their best player.
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Banks beckon wary millennials

August 2, 2014
Chris O'Malley
Institutions have uphill climb to build trust with generation scarred by financial crisis.
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Investor reimbursement fund off to slow start

August 2, 2014
Chris O'Malley
Time required for investigations, prosecutions caused delays.
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Wishard site could hold new hospital for IU Health

August 2, 2014
J.K. Wall
The site of the former Wishard Memorial Hospital could become home to a new combined downtown hospital for Indiana University Health.
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More executives want break from 24-hour connectivity

August 2, 2014
Anthony Schoettle
A growing number of people are seeking a kind of digital detox at least once a year, but many still resist the idea. According to Wired magazine, less than 10 percent of all Americans unplug—even for one week a year,
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HALO startup funding surpasses $20 million markRestricted Content

August 2, 2014
HALO reached the $20 million milestone after pumping nearly $1.5 million in the first half of 2014 into mobile app developer Bluebridge Digital, contract-research firm AIT Bioscience, threat-intelligence firm Emerging Threats and sales-automation software firm TinderBox.
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Startup objects to IndyGo's no-bid deal with rival

August 2, 2014
Kathleen McLaughlin
An Indianapolis software startup that hopes to win contracts from public-transit agencies across the country is protesting a no-bid deal by IndyGo.
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Two-hotel tower proposed across from fieldhouse

August 2, 2014
Scott Olson
A Minneapolis developer wants to build two high-end hotels in the same 15-story building on a surface parking lot downtown across from Bankers Life Fieldhouse.
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New TV deals to provide huge cash infusion for Colts

August 2, 2014
Anthony Schoettle
The NFL’s new contracts with CBS, Fox, NBC and ESPN—which take effect this month—are set to deliver each of the league’s 32 teams a $27 million bump in national television revenue, according to sources familiar with the deals.
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Center Township trustee used invalid police license plate

August 2, 2014
Kathleen McLaughlin
Center Township registered a police plate to a 2011 Dodge Charger driven by Trustee Eugene Akers, then used the plate for three years after the BMV declared it invalid.
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Simon suing ShopperTrak over use of mall cameras

August 2, 2014
Scott Olson
A subsidiary of Simon Property Group Inc. is suing the world’s largest retail traffic counter, claiming it’s unjustly profiting from cameras installed in stores at Castleton Square Mall.
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EPA coal-plant emission limits challenged by 12 states

August 1, 2014
Bloomberg News
A dozen states, led by West Virginia and including Indiana, sued the U.S. Environmental Protection Agency on Friday to block a proposed rule that would limit carbon dioxide emissions from coal-fired power plants.
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UPDATE: Fair opens with first alcohol sales since 1946

August 1, 2014
Associated Press
The first person to sample alcohol under the new law was 67-year-old Ed Swafford of Liberty. He tried a Bavarian-style ale and declared it tasty.
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