News & Analysis

Financial services firm to hire up to 153 in Castleton

September 10, 2014
Greg Andrews
Chicago-based Cortland Capital Market Services, which has $40 billion in assets under administration, has begun hiring for a variety of financial positions. The Indiana Economic Development Corp. has agreed to provide Cortland up to $1.8 million in tax credits.
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Simon Property CEO says ‘no deal’ in Australia after report

September 9, 2014
Bloomberg News
The Australian reported that Indianapolis-based Simon may bid for CFS Retail, potentially keeping CFS’s premium shopping centers and selling second-tier properties.
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Pence says pricey new program will save money

September 9, 2014
Associated Press
Gov. Mike Pence unveiled a new government management program Tuesday, one that he promised will improve efficiency and save the state money in the long run but that comes with a hefty price tag.
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Deal may be near in Indiana stage collapse suit

September 9, 2014
Associated Press
A lawsuit filed by victims of the 2011 Indiana State Fair stage collapse appears to be nearing a settlement, more than three years after the fatal accident that killed seven people and injured more than 40.
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Apple reveals iPhones with larger screens, smartwatch

September 9, 2014
Bloomberg News
Apple unveiled a smartwatch on Tuesday, a wearable device that marks the company's first major entry in a new product category since the iPad's debut in 2010.
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Ball State AD leaving for Marquette University

September 9, 2014
Associated Press
Bill Scholl joined Ball State in April 2012 after he spent 23 years in athletics administration at the University of Notre Dame, including the last three as deputy athletic director.
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Renault teams with Bollore to promote electric cars

September 9, 2014
Bloomberg News
Renault SA is teaming up with French billionaire Vincent Bollore to make electric cars as the two struggle to establish a market for the emission-free vehicles, including one in Indianapolis.
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Indiana appeals marriage ruling to U.S. Supreme Court

September 9, 2014
 The Statehouse File
Attorney General Greg Zoeller filed an appeal on Tuesday, asking the justices to overturn last week’s 7th Circuit Court of Appeals ruling that declared Indiana’s marriage law unconstitutional.
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PGA Tour event returning to Crooked Stick

September 9, 2014
Anthony Schoettle
The BMW Championship will tee off again at Carmel's Crooked Stick Golf Club in 2016. In 2012, the event, won by Rory McIlroy, generated $30 million in economic impact for the region.
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Kokomo council rejects ban on smoking in bars

September 9, 2014
Associated Press
Council members voted 5-4 Monday night to defeat the proposed ordinance after one councilman who voted to support it last month switched his vote.
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Feds OKs $1.8 million for health exchange helpers

September 9, 2014
Associated Press
The U.S. Department of Health and Human Services is sending Indiana money to help the state's health care plan navigators sign up more residents through a federally run exchange.
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Hardware association investing $4M to move downtown

September 9, 2014
Scott Olson
The Indianapolis-based North American Retail Hardware Association bought a building on North Delaware Street downtown and will move its headquarters there following an extensive renovation.
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Veteran Colts beat writer Chappell joining WRTV

September 9, 2014
Jeff Newman
Mike Chappell, who spent 30 years as a sportswriter with The Indianapolis Star before resigning Monday, has joined WRTV-TV Channel 6 as a writer and commentator, the station announced Tuesday morning.
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Harlan Bakeries plans $13M expansion in Avon

September 8, 2014
Jeff Newman
The company, one of Hendricks County's largest employers, said the expansion will help it retain 700 workers at its flagship plant
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U.S.-Japan group calls for finishing trade pact

September 8, 2014
Associated Press
Government officials from the United States and Japan called Monday for completion of an international trade agreement that they said would strengthen ties between the two allies and help both countries recover from their own economic struggles.
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Indianapolis council OKs public safety tax hike

September 8, 2014
Kathleen McLaughlin
In a 19-10 bipartisan vote, the Indianapolis City-County Council approved a hike in the public-safety income tax. The 43-percent increase will bring the total local income tax rate to 1.77 percent.
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Court: IURC erred in approving Duke fee hike

September 8, 2014
Associated Press
The Indiana Court of Appeals ruled Monday that state utility regulators wrongly approved $61 million in ratepayer fees for the Edwardsport coal gasification plant.
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Court order keeps suspension of vanity plate sales

September 8, 2014
Associated Press
The Indiana Supreme Court says the Bureau of Motor Vehicles can continue suspending sales of vanity plates until a court case is settled.
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School of Philanthropy at IUPUI appoints new dean

September 8, 2014
Jeff Newman
Indiana University has found a successor to Gene Tempel, who is set to step down as dean of the IU Lilly Family School of Philanthropy at IUPUI. The position will be funded through the newly created Eugene R. Tempel Deanship.
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Startup Companion Diagnostics trying to work through bankruptcy

September 8, 2014
J.K. Wall
Companion Diagnostics Inc., a biotech company that relocated to Indiana from Connecticut in 2010, has entered bankruptcy reorganization while it tries to develop a therapy for inflammation.
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Pence, other governors meet with Japanese trade officials

September 8, 2014
Associated Press
This year's goal for the Midwest U.S-Japan Association is to find opportunities for the Midwest's environmental, health and wellness sectors as the population of Japan and the U.S. states age.
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Treasury explores ways to limit profitability of overseas shifts

September 8, 2014
Associated Press
Treasury Secretary Jacob Lew said Monday the Obama administration will decide "in the very near future" what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries.
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U.S. executives feeling tight-fisted about worker raises

September 8, 2014
Associated Press
A survey of Harvard Business School alumni released Monday reveals a series of trends that are widening income disparities and may be weakening the ability of the U.S. economy to grow in the long term.
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Former Butler President Bobby Fong dies at 64

September 8, 2014
Mason King
Fong, who presided over a period of enrollment growth and national renown at the Indianapolis university, died Monday morning of natural causes.
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Electrolux to buy GE Appliances in $3.3B deal

September 8, 2014
 Associated Press and IBJ Staff
The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world's second biggest home appliance maker after U.S. rival Whirlpool. Louisville-based GE Appliances has a long history in Indiana.
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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

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