News & Analysis

Emmis earnings signal improving radio business

May 8, 2013
 IBJ Staff
Emmis Communications Corp. turned a profit in its latest fiscal quarter, rebounding from a big loss in the same period of the previous year.
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Indiana governor signs $30B state budget into law

May 8, 2013
Associated Press
Gov. Mike Pence praised Indiana's new two-year, $30 billion budget for its tax-relief measures and other provisions as incentives that would lure new investment and jobs to the state.
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Pacers vs. Knicks almost sold out as ticket demand soars

May 8, 2013
Anthony Schoettle
The team plans to provide gold t-shirts for all in attendance for Saturday's game, which tips off at 8 p.m. Ticket packages for next season are selling as local enthusiasm builds.
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Pence vetoes license bills for dietitians, others

May 8, 2013
Associated Press
Indiana Gov. Mike Pence has vetoed his first legislation since taking office in January, rejecting two bills with new licensing requirements.
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Warner Transitional Services to close, lay off 112

May 8, 2013
 IBJ Staff
Warner relies on funds from the Indiana Family and Social Administration, but the FSSA recently decided to end that funding after numerous complaints against the company went unresolved.
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Circle Centre hanging in despite anchor vacancy

May 8, 2013
Scott Olson
The downtown mall last year saw its sales per square foot increase to $354, a 5.3-percent increase from 2011, according to an annual operating report it provides to the city. But non-anchor occupancy slipped below 90 percent.
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Woof Boom to acquire 6 area radio stations

May 8, 2013
Mason King
An Indianapolis investor group headed by longtime local radio broadcaster and executive Jerry Chapman will take over operations at the stations, including three in Muncie, on June 1.
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Indiana's honey bee colonies see 30-percent drop

May 8, 2013
Associated Press
Indiana's honey bee populations are taking a hit from a mysterious disorder that's devastating bee colonies across the nation.
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Subaru to invest $400M in Lafayette plant, hire 900

May 8, 2013
 IBJ Staff, Associated Press
The Japanese car maker already employs about 3,600 people at the plant and builds the Legacy and Outback cars and the Tribeca SUV. With the new investment, it will boost capacity by 100,000 cars and begin making the Impreza.
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Hamilton County voters approve school referendums

May 7, 2013
 IBJ Staff
A $95 million expansion of Fishers and Hamilton Southeastern high schools, and a $28 million project to expand Noblesville High School were approved by voters Tuesday.
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Review finds no conflict in state's deal with Mainstreet

May 7, 2013
 IBJ Staff and Associated Press
Gov. Mike Pence asked the Indiana Economic Development Corp. in early April to review its decision to grant $345,000 in performance-based economic incentives to Mainstreet Property Group LLC, a company started by a top Republican lawmaker and his son.
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Subaru planning major expansion in Indiana

May 7, 2013
 IBJ Staff and Associated Press
Subaru plans to expand its Lafayette factory and add hundreds of workers to build the Impreza small car there, a source briefed on the matter says.
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Interactive Intelligence shares soar after forecast upgrade

May 7, 2013
Dan Human
The tech firm's shifting emphasis toward cloud services has boosted sales and profits. Strong results for the first quarter lifted its stock as much as 20 percent Tuesday.
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Pence signs sentencing, IEDC-transparency bills

May 7, 2013
Associated Press
Indiana Gov. Mike Pence signed three bills into law Tuesday, one involving government transparency in economic development deals, one related to school safety and another overhauling criminal sentencing.
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Central Indiana county not blocking wind farm plans

May 7, 2013
Associated Press
Delaware County commissioners decided Monday that they won't take immediate action on a moratorium to block a proposed wind farm.
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Governor taps ex-WellPoint CEO Braly for IEDC board

May 7, 2013
J.K. Wall
The appointment is the first high-profile post that Braly, 51, has accepted since she was ousted from the top spot at the Indianapolis-based health insurer in August.
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Art imitates life in commercial based on Kosene family

May 7, 2013
Chris O'Malley
Former Indianapolis filmmaker Alex Kosene bases the story in a local advertising shoot for a Swiss watchmaker on his relationship with his developer dad.
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Browning exec Dye joining The Whitsett Group

May 7, 2013
Scott Olson
Dennis Dye will become a partner at Whitsett, a prolific developer of affordable housing. He has served two stints at Browning totaling about 20 years.
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Indiana farmers still far behind planting corn crop

May 7, 2013
Associated Press
The federal government's weekly crop report says 8 percent of the Indiana corn crop was planted as of Sunday, well behind the 82 percent planted by the same time last year.
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Indiana firms lose ground on Fortune 500 list

May 7, 2013
Mason King
Five of the six Hoosier firms that appear in the 2013 rankings slipped from their positions in last year's list of the largest U.S. companies.
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Interactive Intelligence sees higher profit on more orders

May 6, 2013
 IBJ Staff
Interactive Intelligence Group Inc. saw earnings jump to $1.46 million in the first quarter as sales orders rose 31 percent.
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Judge grants class status to lawsuit against BMV

May 6, 2013
Associated Press
As many as 4 million Indiana drivers could become plaintiffs in a lawsuit alleging the Indiana Bureau of Motor Vehicles has overcharged for driver's licenses since 2007.
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Lilly CEO to step down temporarily due to surgery

May 6, 2013
J.K. Wall
John Lechleiter has been suffering from a dilated aorta, Eli Lilly and Co. said Monday. Current CFO Derica Rice will take his place until later this summer.
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Biosciences institute aims for $300M endowment

May 6, 2013
J.K. Wall
The effort to launch the Indiana Biosciences Research Institute got $25 million from the Legislature, but the life sciences institutions backing the effort have set their funding sights much higher.
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Lilly's sales-force restructuring to affect 1,600-plus

May 6, 2013
J.K. Wall
Lilly will eliminate 1,624 positions from its U.S. sales force in July, according to a notice the company made to state officials. But some of those workers may be rehired by the firm.
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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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