News & Analysis

WellPoint boosts debt offering to $1 billion

August 9, 2010
Bloomberg News
Proceeds from the sale will be used for working capital and general corporate purposes, including debt repayment, the company said in a prospectus.
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Simon Property plans debt sale to fund tender offer

August 9, 2010
Bloomberg News
Simon Property Group Inc., the largest U.S. shopping-mall owner, plans to sell $750 million of notes to fund a tender offer for outstanding debt for the second time this year.
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Counties brace for big tax losses next year

August 9, 2010
 IBJ Staff and Associated Press
Indiana counties will receive $1.3 billion in income tax revenue in 2011, nearly 16 percent less than they did this year. Marion and Hamilton counties will suffer major reductions in distributions.
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Court defeat lost in Lilly's gloomy long-term outlook

August 9, 2010
J.K. Wall
Eli Lilly and Co.'s loss of a patent on one of its blockbuster drugs in court late last month received a collective yawn from investors, who have shunned the stock because of five looming patent expirations.
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Arcadia sees smaller loss, extends WellPoint pact

August 9, 2010
 IBJ Staff
Indianapolis-based health care firm reaches agreement to offer its DailyMed product to more WellPoint Inc. health plan members.
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Daniels: Stimulus should focus on companies, not states

August 9, 2010
Bloomberg News
Indiana Gov. Mitch Daniels said he opposes more stimulus such as aid to states to keep teachers hired and to expand credit to small business, while favoring incentives to revive private hiring and investment.
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Noblesville's Sagamore golf club emerges from the rough

August 7, 2010
Anthony Schoettle
The once ballyhooed Jack Nicklaus-designed course near State Road 37 and 166th Street was perilously near bankruptcy just a year ago.
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E-mails show how David Simon faced financial crisisRestricted Content

August 7, 2010
Cory Schouten
The first few months of 2009 were not an easy time to be CEO of Simon Property Group Inc. David Simon was feeling pressure from shareholders, lenders, employees and family members.
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Despite success, Colts aren't letting up on marketingRestricted Content

August 7, 2010
Anthony Schoettle
Indianapolis Colts representatives have made a record 844 appearances in the last year across Indiana and into Kentucky with the team’s Make It Personal tour.
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JPMorgan's wealth advisory group led from Indianapolis

August 7, 2010
Peter Schnitzler
Elizabeth Schlueter started out in Fort Wayne and rose through a series of promotions that landed her not on Wall Street but in Indianapolis.
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First Merchants, First Financial mull expansionRestricted Content

August 7, 2010
Norm Heikens
Acquisitions situate banks to seek market share in Indianapolis.
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New-car dealers hit hard in 2009Restricted Content

August 7, 2010
Chris O'Malley
Indiana lost 49 new-car dealers last year, the biggest thinning of the herd in at least a decade, according to data released last month by the National Automobile Dealers Association.
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Ford dealer celebrates 50-year milestoneRestricted Content

August 7, 2010
Chris O'Malley
This month, Pearson Ford, 10650 N. Michigan Road, is celebrating a rare thing among car dealers: its 50th birthday.
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Linking Indianapolis-area bus systems becoming priority for plannersRestricted Content

August 7, 2010
Chris O'Malley
Connecting rural bus systems with one another and with IndyGo must happen before commuter rail becomes a reality.
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Slumping chocolate firm hopes to recapture early momentumRestricted Content

August 7, 2010
Kathleen McLaughlin
Endangered Species Chocolate, which saw growth spike from 2005 through 2007, lost 20 percent of its revenue in 2009. Sales dropped from $14 million in 2008 to $11 million last year. New Curt Vander Meer has plans to bring the company back to its former glory, one chocolate bar at a time.
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Property shuffle aims to connect police, fire services with neighborhoods

August 7, 2010
Cory Schouten
The city plans to open police-and-fire hubs in two former IPS schools, retrofit an Eastgate mall department store into an Emergency Operations Center, and build at least two fire stations.
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Summer is key time for those who raise Christmas trees

August 7, 2010
Joe Jasinski
Christmas and July harmonize like a blizzard on Independence Day, but the summer months are perhaps the most vital for Tom Dull and his wife, Kerry, who raise 23,000 Christmas trees on their peaceful farm in Thorntown.
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INSIDE DISH: Kelties eyes return to salad days

August 6, 2010
Mason King
Kelties_WatchVideoOwner and chef Keltie Domina is relying on cost-cutting, an uptick in sales and her talent for shifting strategies to dig out of a recession-based deficit.
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Emmis delays vote on buyout again

August 6, 2010
Anthony Schoettle
As preferred shareholders continue holdout, Emmis postpones vote to take company private. Issue will be taken up again Aug. 13.
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Assistant commissioner promoted to lead IHSAA

August 6, 2010
Associated Press
The IHSAA announced Friday that Bobby Cox would replace Blake Ress as commissioner in February when Ress retires after 10-1/2 years in the position.
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Logistics teams compete on public stage

August 6, 2010
Joe Jasinski
About 400 people and nine teams convened at a vacant 96th Street distribution center Thursday for the inaugural Indianapolis LogistXGames.
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Vendors unsure of benefits from more State Fair days

August 6, 2010
Scott Olson
Many say it's too early to tell whether last year's decision to extend the Indiana State Fair schedule by five days is resulting in stronger sales.
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WRTV replaces Wallace as evening newscast anchor

August 6, 2010
J.K. Wall
ABC station did not renew Todd Wallace's contract after three years, instead recruiting Todd Connor, an ABC News correspondent. Wallace's co-anchor, Trisha Shepherd, will stay on.
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Stocks retreat after disappointing jobs report

August 6, 2010
Associated Press
The disappointing jobs data magnifies worries that slowing growth could end up leading the country back into recession during the second half of the year.
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Trustee pressing Daniels, others to return Durham's donations

August 5, 2010
J.K. Wall
Trustee Brian Bash has sent letters to politicians who he says received a total of $900,000 in funds Durham had borrowed from the coffers of Fair Finance, a now-bankrupt investment firm based in Ohio.
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  1. liek the rest of America

  2. These quaint,obsessed musings by the stalkers are certainly entertaining, but I'm trying to figure out what, if anything, all the yelping below has to do with Zak Brown.

  3. It's evident that Moffett was pushing the right buttons and corporate America is now trying to squash him. He just wanted to withdraw the free pilot services provided to the company by the pilots to try and put some pressure on a company that has not been interested in negotiating a contract in over 5 years. The company does not provide a contract because not having one has saved them a bundle of money. Shame on any Republic pilots not standing behind their union leader just because things are getting tough, can you not see such strategic moves by the company as putting the last union president in a corporate position and into THEIR pocket. Do you really believe the last union president is so appalled at the attempts by Moffett, do you not remember his oppositions to the company? We stood behind him. It has been proven over and over again for thousands of years without fail, a man cannot serve two masters. Anyone that believes people vote contrary to their paycheck and livelihood deserve to be taken advantage of, the recent statements by the former union president are laughable as he denounces the current union president from his new corporate position. Have you ever seen a drafted sports player score points for his previous team, it cannot be done, he is not on the pilots side anymore, he gets his money a different way now than you and I do, and he should not be allowed to remain on the seniority list. A drafted player brings strength, credibility, tactical knowledge, and a strategic advantage to his NEW team, he would not be drafted or paid were it otherwise. We are all forced to choose only one side to play for and support, not doing so has many references in life such as insider trading and shaving points, all illegal for good reason. This basic fact is why corporate moguls, scientist, and engineers all sign non-discloser agreements and non-compete clauses, as protection in case they are lured into switching sides as our former union president has done. No NFL coach ever drafted a player so that both teams could benefit and better understand each other, they are recruited to win the game against that former team, period. Likewise the company does not recruit the former union president by accident or mutual understanding, its strategy. Don't confuse playing the game with good sportsman-like conduct in support of common business and prosperity goals, with the requirement to only play for one side. Good men we all love and favor fall subject to this manipulation, often without their knowledge, and it is not a betrayal of their friendship to oppose them when they switch sides. If we did not love and trust them, they would not have been chosen and lured to the other side in the first place. The deception by the drafted player is not made at a conscious level, it's just human nature and it's all about money and power which corrupts our ability to be objective and loyal to two masters. This is why our court system created the defense attorney, and why our military created counter intelligence. Its strategy and its propaganda, and it works, and that's why the "powers to be" manipulate the chess pieces by sometimes changing their colors. Some players know they are being manipulated when their color is changed, but it brings them more money and power so they do not care. The rest have good intentions but do not even realize they are being manipulated. This tactic is also known by another name, Divide and Conquer. In battle sending an imperfect message with an imperfect team is obviously not ideal, but it's still being sent by YOUR team, your union leader, a leader that has common goals and common rewards with you, they are the best, because we have elected them to do a job for us. If you are not backing Moffett but believing the spin by those that have recently switched sides, you are taking food out of your own mouth. Showing unity and backing an imperfect situation still results in taking just as much ground, it's about unity and bargaining power. It's not necessary to wait around for that perfect attack because it will never come, the company will spin and attempt to destroy anyone that gets in their way. Ultimately it's not about any specific attack anyway, ASAP or whatever it makes no difference, it is and always has been only about power. If this company cared about safety it would not build pairings with 8 hour overnights, come on, are you that naive? Besides, do you really think Hoffa cares, no, he got a call from corporate America and was squeezed into denouncing Moffett. If he didn't they would spin the safety card against him and the Teamsters National with implication for truckers, future contracts, insurance rates etc...saying something like the Teamsters use safety as a bargaining chip, blah blah blah... Do you really think any pilot is going to do something unsafe for the contract, absolutely not, the only ones threatening safety here is the company with reduced rest, fatigue, and poverty. Do you not find it odd that Hoffa and the Teamsters are opposing a Teamster president publicly? Would the Teamsters National not normally support and work with one of their own? Why did they not sit down and help him strategize, correct any mistakes, and charge ahead? Would the Teamsters National not normally support and leverage a contract for all those pilots that have been paying Teamster dues, isn't that why we have all been paying Teamster dues in the first place? I sure haven't been paying dues so that the Teamsters National could come along and write this kind of an article undercutting our union leader and our unity. Whose side is the Teamsters National really on, it's obviously not the Republic pilots side.

  4. No matter what Moffatt does the company is going to spin it like he is the terrorist and brainwash people like you into believing it, wake up, back your players that are trying to change things for you and your livelihood. Where has Hoffa been for the last 6 years, except collecting our dues. Seriously, do you really think an FO going for upgrade, signed off by a checkairman ready for the upgrade, who then fails, is not even capable of returning as a First Officer.

  5. whoa!

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