News & Analysis

Local motorsports supplier acquiring safety gear vendor

June 15, 2011
Atlanta-based Racer Wholesale has helped build national recognition for G-Force Racing Gear, which supplies racers with helmets, driving suits, gloves, shoes and other safety gear.
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Rolls-Royce lands more military work

June 15, 2011
 IBJ Staff
Rolls-Royce Corp. this week was awarded a $34.2 million modification to an engine maintenance contract from the Department of Defense’s Naval Air Systems Command.
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WRTV up for sale

June 14, 2011
Anthony Schoettle
Station owner McGraw-Hill plans to sell its nine television stations, including the Indianapolis ABC affiliate. The impact on local operations is unclear.
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CIRTA launches campaign to support mass transit

June 14, 2011
The goal is to show state lawmakers the support that exists for local funding options that might improve mass transit. Organizers plan to deliver the signatures when the next legislative session convenes in January.
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ICVA expects to fall short of 2011 room-night goal

June 14, 2011
Scott Olson
The convention association set out to book 725,000 hotel room nights this year for future meetings but so far is trending below the goal. An aggressive drive last year exhausted many of its prospects, new ICVA CEO Leonard Hoops said.
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Carmel senior-living project to create 340 jobs

June 14, 2011
 IBJ Staff
Carmel Mayor Jim Brainard on Tuesday unveiled details of a multimillion-dollar project expected to create more than 200 construction jobs and 140 permanent positions over the next two years.
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Airport Borders store on bankrupt chain's hit list

June 14, 2011
Maria LaMagna
Indianapolis International Airport officials could know by next week whether the Borders bookstore inside the terminal will survive a third round of store closures tied to the chain’s Chapter 11 bankruptcy proceedings.
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Report paints brighter picture for retail

June 14, 2011
Tom Harton
The real estate investment firm Marcus & Millichap says vacancy rates and tenant concessions in Indianapolis are falling while rents and sale prices are poised to rise.
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State agency rejects Planned Parenthood tax credit

June 13, 2011
Associated Press
Planned Parenthood of Indiana is fighting the Indiana's Housing and Community Development Authority over the loss of a fundraising tax credit because of a new law that strips the not-for-profit of state funding.
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WellPoint pays big to tap fast-growing Medicare market

June 13, 2011
J.K. Wall
Analysts raised their eyebrows at the $800 million reportedly paid by WellPoint Inc. to acquire a West Coast Medicare plan, but with the commercial health insurance business stagnating, Medicare is vital to WellPoint’s future growth.
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City picks team for $15M Broad Ripple parking garage

June 13, 2011
Anthony Schoettle
The structure planned for the southwest corner of Broad Ripple and College avenues also would include first-floor retail space and a police substation. Construction is set to begin this summer and be complete by mid-2012.
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Federal judge dismisses Brightpoint fraud suit

June 13, 2011
Scott Olson
A London-based hedge fund sued Brightpoint over a $10 million loan it alleged the Indianapolis-based mobile phone distributor fraudulently brokered in anticipation of an acquisition that never materialized.
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Medco deal loses its luster

June 13, 2011
J.K. Wall
New Jersey-based Medco has hired just 430 workers in Whitestown—far short of its commitment of 1,400 by 2012—and its business trends suggest the company is shrinking, not growing.
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Q&A

June 13, 2011
J.K. Wall
Vi Shukla is a scientific leader at Indianapolis-based Dow AgroSciences LLC, focused on its Exzact Precision Technology tools for genetic engineering of plants and crops. Dow Agro used the technology in its own crop seed products, and has also been licensing for use in tomatos and trees.
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Republic may cut Frontier stake as pilots offer concessions

June 13, 2011
 IBJ Staff and Bloomberg News
Republic Airways Holdings Inc. agreed to seek new investors for Frontier Airlines, shrinking its stake to become a minority owner, in exchange for concessions from pilots at the unprofitable carrier.
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Anson Group CEO thrives on helping clients work with FDARestricted Content

June 11, 2011
Ann Finch
Colleen Hittle became CEO and sole owner of the Indianapolis-based pharmaceutical and medical device consulting firm in April.
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High schools still track students after graduationRestricted Content

June 11, 2011
J.K. Wall
Even after 45 seniors from Indianapolis Metropolitan High School grabbed their diplomas and threw their mortar boards at a June 4 commencement, they knew they wouldn’t lose touch with their school. It’s not allowed at Indy Met.
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Angie's List eyes expansion sites outside IndianapolisRestricted Content

June 11, 2011
Francesca Jarosz
Consumer ratings service Angie’s List is scoping locations for hundreds of new employees the fast-growing firm plans to hire. And unlike past expansions, it’s looking beyond its East Washington Street headquarters—and Indianapolis.
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Net Literacy teaches Internet skills to those in needRestricted Content

June 11, 2011
Sean Morrison
Teen's brainstorm results in internationally recognized not-for-profit that promotes computer literacy and safety, including programs for financial literacy and computer repurposing for donation to Indianapolis areas in need of the technology.
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Impact of new Indiana voucher law may not be felt for yearsRestricted Content

June 11, 2011
Scott Olson
Parents, schools need time to sift details, experts say.
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Indiana edges toward education guaranteesRestricted Content

June 11, 2011
J.K. Wall
The state is moving to adopt a system that ensures more high school graduates can perform in college or on the job.
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Locally based Business Furniture expands into Illinois, Iowa

June 11, 2011
Anthony Schoettle
New markets to be added later this year are expected to double the company's sales within five years.
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Arizona project bankrupts local developer BodnerRestricted Content

June 11, 2011
Cory Schouten
Bruce Bodner, a quiet but prolific local developer who in the late 1990s bought and revitalized two of downtown’s most recognizable buildings, has filed for bankruptcy after making a doomed bet in Arizona.
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WTHR maintains ratings lead in local newsRestricted Content

June 11, 2011
Anthony Schoettle
WTHR-TV Channel 13 retained its position during the May sweeps period as the most-watched station for news in central Indiana, earning top ratings among the four local television newscasters during eight of the 10 time slots in which it airs local news.
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Critics: City's effort to help ex-offenders ineffectiveRestricted Content

June 11, 2011
Francesca Jarosz
Three years after Indianapolis Mayor Greg Ballard launched a city office designed to help ex-offenders avoid a repeat prison visit, some of those original supporters say the city’s Office of Re-Entry Initiatives not only has fallen short of that goal but has accomplished little else.
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