News & Analysis

Franklin College president to retire in 2015

May 15, 2014
Enrollment at the college has grown and its financial position has stabilized during James G. Moseley's tenure.
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Stonegate Mortgage results tumble in first quarter

May 15, 2014
Chris O'Malley
Despite bucking an industry downturn in mortgage loan originations during the first quarter, Stonegate Mortgage Corp. on Thursday reported a net loss of $7.9 million.
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Indiana gives initial OK to new teacher license

May 15, 2014
Associated Press
The State Board of Education has given its initial approval to a proposal that would allow college graduates with a B average in any subject to earn a K-12 teaching license in Indiana.
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Comcast spinoff names Insight co-founder Willner as CEO

May 15, 2014
Bloomberg News
Comcast is planning to spin off operations that serve about 2.5 million customers in Indiana, Alabama, Michigan and other states after completing the purchase of Time Warner Cable.
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Tower manufacturer plans 639 jobs in Indiana expansion

May 15, 2014
 IBJ Staff
Nello Corp. Inc., a designer and manufacturer of galvanized steel towers and poles for the wireless industry, plans to move its Fort Worth, Texas, operations to Indiana, the state announced Thursday morning.
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Art museum trimming reliance on endowment

May 15, 2014
Lou Harry
In its proposed budget for the next fiscal year, the Indianapolis Museum of Art will draw less than 6 percent of the endowment for operations. That's down from nearly 8 percent in recent years and 6.6 percent in the current budget.
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Lilly loses patent dispute over Alimta in London court

May 15, 2014
Bloomberg News
Eli Lilly and Co. lost a United Kingdom lawsuit over its Alimta cancer treatment when a judge ruled Thursday that a generic version planned by Actavis Plc doesn't breach European patents.
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Purdue trustees taking up tuition freeze extension

May 14, 2014
Associated Press
Purdue University trustees this week are expected to consider President Mitch Daniels' request that they freeze tuition on the main campus in West Lafayette for a third straight year.
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Senators: Administration must support biodiesel

May 14, 2014
Associated Press
The Obama administration is considering changes that would significantly reduce the required amount of biodiesel in the United States. Industry groups, farm state lawmakers and others have called on the administration to reconsider.
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Wealth gap shows in latest NCAA academic numbers

May 14, 2014
Associated Press
Thirty-six teams will be banned from the 2014-15 postseason because of sub-par scores on the newest Academic Progress Rate, which was released Wednesday. Not one of them comes from a power conference.
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UPDATE: Pence to propose 2-tier insurance plan for poor

May 14, 2014
Associated Press
Officials with direct knowledge of the plan said participants in the first tier would receive limited coverage at no charge. A second tier would include dental and vision coverage and require participant contributions.
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IPL gets green light for Harding Street, Martinsville projects

May 14, 2014
 IBJ Staff
State utility regulators on Wednesday gave Indianapolis Power & Light Co. the go-ahead to begin work on two high-profile power projects at a cost well over $600 million.
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UPDATE: Tech firm triggering $10M data center downtown

May 14, 2014
Dan Human
Michigan-base Online Tech plans to open a 25-employee facility just west of Lucas Oil Stadium, serving businesses that need cloud computing.
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WellPoint foe leads plan to reveal health prices to consumers

May 14, 2014
Bloomberg News
WellPoint Inc. competitor UnitedHealth Group Inc., the largest U.S. health insurer, will lead an industry effort to throw a spotlight on the prices paid for health-care services, making their costs available to consumers on the Internet.
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Factory for refurbishing buses to close doors

May 14, 2014
Associated Press
Many of the 160 workers for ABC Companies in Nappanee will have a shot at jobs in a nearby plant for building double-decker buses.
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Lilly CEO elected chairman of United Way Worldwide board

May 14, 2014
Associated Press
United Way Worldwide President and CEO Brian Gallagher said John Lechleiter will help strengthen the not-for-profit network's capacity to meet growing human needs around the world.
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Carmel selling vacant land in Old Town neighborhood

May 14, 2014
Andrea Muirragui Davis
The Carmel Redevelopment Commission is accepting offers for an undeveloped parcel of land in the city's resurgent Old Town neighborhood, near a planned expansion of a popular subdivision.
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Indiana Limestone gets back to work under new owner

May 14, 2014
Indiana Limestone Co. technically closed and laid off all its workers earlier this month to fulfill a bankruptcy plan, then a few days later reopened with the new owners and rehired employees.
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Existing-home sales sink for eighth straight month

May 14, 2014
 IBJ Staff
Home-sale agreements dropped nearly 20 percent in the nine-county Indianapolis area in April. Home prices continued to rise as inventories shrank.
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MacAllister Machinery gearing up for new HQ on southeast side

May 14, 2014
Scott Olson
The Caterpillar dealer is seeking to expand with new corporate offices and sales and service facilities on more than 130 acres of land near the interchange of Interstates 465 and 74.
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Homebuilders see third straight month of rising demand

May 14, 2014
On a year-over-year basis, home-construction permit filings in the nine-county area have risen in 13 of the last 16 months.
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Consumers losing doctors with Obamacare plans

May 13, 2014
Associated Press
Before the law took effect, experts warned that narrow networks could impact patient's access to care, especially in cheaper plans. But with insurance cards now in hand, consumers are finding their access limited across all price ranges.
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Sallie Mae, Justice Department in $60M settlement

May 13, 2014
Associated Press
Student lender Sallie Mae has reached a $60 million settlement with the Justice Department to resolve allegations that it charged members of the military excessive interest rates on their student loans, the federal government announced Tuesday.
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Chrysler hires 204 workers for new plant

May 13, 2014
Associated Press
At full capacity, the Tipton plant will be able to ship about 800,000 transmissions annually to assembly plants in Toledo, Ohio, and Sterling Heights, Mich., as well as Italy, Turkey, Brazil and China.
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Indiana: Feds delayed No Child Left Behind report

May 13, 2014
Associated Press
Indiana Department of Education officials said Tuesday that they expected to hear about concerns with the state's No Child Left Behind waiver last fall, but federal monitors delayed releasing the report until last month without explanation.
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  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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