News & Analysis

Pedcor angling for $16M subsidy for City Center expansion

May 31, 2014
Andrea Muirragui Davis
Preliminary plans call for starting work on a parking garage and as many as three mixed-use buildings this fall, with another half-dozen projects in the pipeline.
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HHGregg’s board is bullish, but analysts remain skittish

May 31, 2014
Greg Andrews
The company scarfed up $49 million of its stock under a buyback program that ran from May 2013 to May 2014. And last month, the company launched a new buyback program, this one for $40 million.
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Indy's Evolution: Johnson County steps up growth chaseRestricted Content

May 31, 2014
Dan Human
The county south of Indianapolis was king of the suburbs in the 1970s, but now has fallen far behind Hamilton to the north in population and income, and in recent years slipped behind Hendricks County to the west.
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Indianapolis cancels cricket championship

May 30, 2014
"Deteriorating" communications with the sponsoring organization forced the decision, the city of Indianapolis announced Friday afternoon.
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Driver Busch credits IndyCar for increased 500 TV ratings

May 30, 2014
Associated Press
The ratings increase could be attributed to Kurt Busch running both the Indy 500 and the Coca-Cola 600 on the same day, the first double attempt since 2004.
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Longtime exec now in driver's seat at marketer ExactTarget

May 30, 2014
Dan Human
Company observers praised the elevation of Scott McCorkle to CEO for his combination of tech smarts, people skills, and experience with international operations.
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Lottery commission OKs new multistate Monopoly game

May 30, 2014
Kathleen McLaughlin
Under its aggressive sales strategy for the next fiscal year, the Hoosier Lottery's operator will add games including Monopoly Millionaires' Club and Bingo To Go.
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Shinseki resigns amid veterans' health care issues

May 30, 2014
Associated Press
Veterans Affairs Secretary Eric Shinseki resigned Friday after publicly apologizing for systemic problems plaguing the agency's health care system.
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Auto parts maker adding jobs at Muncie factory

May 30, 2014
Associated Press
Magna Powertrain plans to spend more than $15 million on new equipment for a Muncie factory where it expects to add as many as 50 workers in the coming year.
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Costly drugs force cancer docs to weigh price with therapy

May 30, 2014
Bloomberg News
With new cancer drugs priced as high as $10,000 a month, and insurers tightening payment rules, patients who thought they were well covered increasingly find themselves having to make life-altering decisions about what they can afford.
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Indianapolis grasps for answers in violent year

May 30, 2014
Associated Press
The number of homicides in Indianapolis is increasing at an alarming rate, putting the city on pace to have its deadliest year in at least eight years.
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Indy's musical roots remain alive at Jazz Kitchen

May 30, 2014
Associated Press
For the past 20 years, the Jazz Kitchen has offered live jazz seven nights a week, serving as an incubator for local acts and touring musicians alike.
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IU medical school helping to lead $30M concussion study

May 30, 2014
Associated Press
The Indiana University School of Medicine will help oversee a three-year, $30 million concussion study being funded by the Indianapolis-based NCAA and the U.S. Defense Department.
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ExactTarget CEO Dorsey leaving company

May 30, 2014
Greg Andrews
Scott Dorsey, who co-founded ExactTarget in 2000, will be succeeded by Scott McCorkle, who currently is the company's president of technology and strategy.
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Pre-K program won’t be ready for students this fall

May 29, 2014
Paige Clark, The Statehouse File
The pre-kindergarten pilot program advocated by Indiana Gov. Mike Pence and passed by the General Assembly earlier this year will not be ready to launch this fall.
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Not-for-profit leader faces tax evasion, perjury charges

May 29, 2014
Dennis Barbosa
Byron Alston, a high-profile employee of the anti-crime Ten Point Coalition and founder of the not-for-profit group Save the Youth, Inc., is facing four felony counts of tax evasion and one count of perjury after an investigation led by the Marion County Prosecutor's Office.
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Government groups tap civic 'hackers' to address problems

May 29, 2014
Dan Human
A collection of tech firms and business organizations will host a “hackathon” on Saturday at The Speak Easy, a Broad Ripple co-working club for entrepreneurs.
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Metal-processing firm to renovate factory, hire 105

May 29, 2014
Dennis Barbosa
Delaco Kasle Processing Indiana, a joint venture between metal-processing firms, plans to locate its operations in Jeffersonville, creating up to 105 jobs by 2017.
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Shares of Simon spinoff dip in early trading

May 29, 2014
 IBJ Staff
Simon Property Group has revised its earnings forecast with the Thursday launch of spinoff firm Washington Prime Group.
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Local 3D firm develops printer-based curriculum

May 29, 2014
Dan Human
To help promote interest in engineering, 3D Parts Manufacturing is working with schools to set kids loose on 3D printers. The plan also is developing into a business model.
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UPDATE: Manufacturer plans $110M expansion, 329 jobs

May 29, 2014
Associated Press
Alcoa Howmet factory in LaPorte, which makes castings for the aerospace and industrial gas turbine industries, will receive local and state tax breaks in return for job commitments.
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Push grows for Shinseki to go as veteran care flaws found

May 29, 2014
Bloomberg News
A report found the VA's Eastern Area Fiduciary Hub in Indianapolis was "not timely processing allegations of misuse of beneficiary funds, conducting field examinations, and processing some incoming mail."
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Mailer quoting Giuliani targets Indy water-line woes

May 29, 2014
Dan Human
Indianapolis homeowners have received a scare-sell insurance pitch about their water-service lines that appears to carry the endorsement of former New York City Mayor Rudy Giuliani.
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Former Colt, Bear take tax lawsuit to Ohio's top court

May 29, 2014
Bloomberg News
Former Indianapolis Colts center Jeff Saturday and ex-Chicago Bear linebacker Hunter Hillenmeyer are suing Cleveland over what they consider an "egregious and shameless money grab."
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Pence’s HIP 2.0 plan gets kudos at first public hearing

May 28, 2014
Seth Morin, The Statehouse File
Health care professionals and advocates for the poor voiced praise and support Wednesday for a plan by Gov. Mike Pence to expand the state’s Healthy Indiana Plan to provide more insurance coverage to Hoosiers.
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