News & Analysis

Sleepy Klipsch buyer out to make some noiseRestricted Content

June 4, 2011
Kathleen McLaughlin
Audiovox Corp., the Hauppauge, N.Y.-based company that recently bought the high-end audio firm Klipsch Group, hopes to use the $167 million deal to win over Wall Street.
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Kosenes take on ex-partner in courtRestricted Content

June 4, 2011
Cory Schouten
Principals in Kosene & Kosene Development have sued a former partner, claiming he’s trying to cut them out of a city-supported deal to redevelop the former Bank One Operations Center downtown.
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Electric vehicles gain traction in regionRestricted Content

June 4, 2011
Chris O'Malley
Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.
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Massive recycling plant in Indianapolis pays off for Republic ServicesRestricted Content

June 4, 2011
Scott Olson
A $4M machine sorts newspaper, glass, plastic quickly from as far away as Evansville.
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Comcast chasing bigger biz clientsRestricted Content

June 4, 2011
Chris O'Malley
The cable giant now is pitching in Indianapolis suburbs its metro Ethernet product to businesses with 20 to 500 employees.
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Black Expo employees lodge complaints against CEO

June 3, 2011
Seventeen employees sign letter to the organization's board of directors complaining that Indiana Black Expo President and CEO Tanya Bell has created a hostile work environment.
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U.S. unemployment rises to 9.1 percent on slow job growth

June 3, 2011
Associated Press
U.S. employers in May added the fewest jobs in eight months, and the unemployment rate inched up to 9.1 percent. The weakening job market raised concerns about an economy hampered by gas prices and the Japanese nuclear disaster.
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Ex-Countrymark CEO’s bid to reduce sentence denied

June 3, 2011
David Swanson had asked a federal judge to vacate or reduce his 12-year prison sentence stemming from his 2002 conviction for wire fraud, money laundering and tax evasion.
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Finish Line settles with former employee

June 3, 2011
The Indianapolis-based athletics retailer agreed to pay $38,000 to the worker after the Equal Employment Opportunity Commission claimed it violated federal law by firing her because of a physical disability.
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Lilly Endowment’s value holds steady at $5.3 billion

June 3, 2011
Scott Olson
Eli Lilly and Co. stock, which accounts for 91 percent of the endowment’s assets, was worth nearly $4.8 billion at the end of 2010, a 2-percent drop over the previous year.
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LEADING QUESTIONS: Influential Miles enjoys wide reach

June 3, 2011
Mason King
LQ_Miles_WatchVideoWhat's the status of the Super Bowl? Mass transit for Indy? Economic development? How is one man so connected? Mark Miles shrugs off "power broker" but fits the bill.
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HHGregg gets 'Help' from Beatles to sell big screens

June 3, 2011
J.K. Wall
The Indianapolis-based retailer launched its first national advertising campaign using the tagline “We Help” and the Beatles song “Help!” as its soundtrack.
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Appraisal services firm plans local expansion, 150 jobs

June 3, 2011
 IBJ Staff
Indianapolis-based StreetLinks Lender Solutions plans to expand its operations, adding 150 employees by 2013, the real estate appraisal management services provider announced Friday morning.
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Officials say bridge project can be changed

June 2, 2011
Associated Press
Officials who want to build two new bridges over the Ohio River and redo a downtown interchange announced Thursday that they've found ways to cut the cost of the project by more than $1 billion.
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Groups eye once-doomed City Market west wing

June 2, 2011
Scott Olson
Although slated for demolition, the City Market's west wing is now generating interest from the Local Initiatives Support Corp. and local chapters of the American Institute of Architects, who want to move there as part of an effort to support neighborhood development.
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Foreclosed Ramada hotel up for auction

June 2, 2011
The hotel on the east side of Indianapolis near Interstate 465 and Pendleton Pike will go up for online auction on Tuesday with a minimum starting bid of $300,000.
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ITT Educational's stock price leaps as feds ease crackdown

June 2, 2011
 IBJ Staff and Bloomberg News
The Obama administration gave for-profit colleges more time to comply with rules that will cut off federal aid to institutions whose students struggle the most to repay their government loans.
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State eyes possible takeover of 18 failing schools

June 1, 2011
Associated Press
State Superintendent of Public Instruction Tony Bennett said it's simply unacceptable to have six straight years of failing schools.
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Government to lose $14B of auto bailout funds

June 1, 2011
Associated Press
The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry, a third of the loss officials had initially estimated.
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Roche lands $11M contract at D.C. army medical centers

June 1, 2011
J.K. Wall
Roche Diagnostics Corp. landed an $11.4 million contract to provide laboratory testing services at military hospitals in the Washington, D.C., area.
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Better Wi-Fi sought for stadium, convention center

June 1, 2011
Scott Olson
The Capital Improvement Board of Marion County is accepting proposals to improve Wi-Fi service at both Lucas Oil Stadium and the Indiana Convention Center. The systems are expected to be operational in time for the Super Bowl in February.
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Alexandria working on factory deal with defense contractor

June 1, 2011
Associated Press
Alexandria Mayor Jack Woods said plans are for Maryland-based Floatograph Technologies to buy the former U.S. Pipe facility from the city and then repair and remodel the factory. The plant could eventually have 100 workers.
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Longtime CEO steps down at philanthropic consultancy

June 1, 2011
Johnson Grossnickle and Associates in Greenwood announced Wednesday that firm veteran Angela White will replace co-founder Ted Grossnickle as CEO.
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Klipsch steps down as speaker maker CEO

June 1, 2011
Kathleen McLaughlin
Longtime Klipsch Group executive Paul Jacobs will take the helm, giving the Indianapolis company its first leader not named Klipsch.
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Ball State defends planned tuition increases

May 31, 2011
Associated Press
Ball State University officials say a proposed tuition increase of about 4 percent for undergraduates and 9 percent for graduate students is needed to offset cuts in state funding.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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