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News & Analysis
Insurers warn of problems with federal regulator
February 22, 2010
Associated PressPresident Obama's latest push for a health care overhaul could drive health plans around the country into insolvency, according
to an insurance trade group.
MoreSome Indianapolis charters see financial position weaken
February 22, 2010
J.K. WallMayor's report shows smaller cash reserves for many schools, but one charter operator blames late government payments.
MoreMetro-area home sales plummet
February 22, 2010
January home sales in the nine-county Indianapolis area fell 16.5 percent from the same month last year, according to a report
from Re/Max of Indiana. But the housing news wasn't all bad. The average price of a home in the area jumped 12.1 percent.
MoreWhite River Capital sees jump in quarterly profit
February 22, 2010
White River Capital's profit rose in the fourth quarter, due largely to a strong performance by its main subsidiary, Coastal
Credit LLC.
MoreRolls-Royce snares military helicopter contract
February 22, 2010
Rolls-Royce Corp.'s Indianapolis manufacturing facility has been awarded a multimillion-dollar contract by the U.S. Army to
develop a digital engine control for one of its helicopters.
MoreBayh's war chest could play role in Senate race
February 22, 2010
Associated PressBayh, who announced last week that he would not seek a third term in the Senate, has wide legal flexibility in directing the
$12.2 million left in his campaign account.
MoreYoung & Laramore wins back Stanley Steemer account
February 20, 2010
Anthony SchoettleIndianapolis’ largest ad agency has achieved a rare coup in the advertising world, winning back one of its biggest former
clients: flooring and upholstery cleaning firm Stanley Steemer.
MoreBallard's high-risk IT project could save millions - or flop
February 20, 2010
Peter SchnitzlerIndianapolis Mayor Greg Ballard has decided to overhaul the city's and county's 1970s-era financial IT systems—a move
that could cement
his reputation for improving government efficiency. But the upgrade also is fraught with risk.
MoreCommercial brokers trying property management in hard times
February 20, 2010
Scott OlsonThe commercial real estate slump is prompting several Indianapolis brokerages to add property-management services to their
portfolios or bolster existing ones.
MorePlan for optional interstate tolls may hit potholes
February 20, 2010
Chris O'MalleyA proposal to add optional toll lanes to parts of Interstates 69 and 65 raises all kinds of questions, such as how to squeeze
more lanes into the crowded I-69 corridor northeast of the city. And it’s debatable whether toll lanes could make more
money than they cost to implement.
MoreObama's stimulus aims to boost access to small-biz loans
February 20, 2010
Peter SchnitzlerNo incentive can make a bad deal bankable. But President Obama's stimulus measures are spurring some promising small businesses
to begin borrowing again, despite the recession.
MoreSimon's $10 billion bid for bankrupt General Growth roils retailing
February 20, 2010
Cory SchoutenSimon Property Group Inc. already is known for playing hardball with mall tenants over rent. So national retailers like The
Gap Inc. and Limited Brands Inc. will be bracing for future lease negotiations if the nation's largest mall owner succeeds
in a $10 billion bid to take over its nearest rival, the bankrupt General Growth Properties Inc.
MoreMillionaire lawyer jumps into Melvin Simon will fight
February 20, 2010
Greg AndrewsMike Ciresi, who’s representing widow Bren Simon, helped win a $6 billion settlement from the tobacco industry.
MoreUrban Land Institute chapter launches in Indianapolis
February 20, 2010
Cory SchoutenChapter, heavily populated by developers, hopes to guide sustainable development.
MoreNew Kiwanis boss aiming to halt membership slide
February 20, 2010
Kathleen McLaughlinThe Indianapolis-based service organization has 239,000 adult members, down 26 percent from the 1992 peak of 324,727.
MoreWellPoint's health insurance rate hike spurs legislative inquiry
February 20, 2010
J.K. WallThe furor over WellPoint Inc.’s premium hikes have migrated from California to Indiana, where state lawmakers held a
high-profile hearing.
MoreLilly asks shareholders to lower takeover barrier
February 20, 2010
J.K. WallEli Lilly and Co. directors have recommended that shareholders toss out the
drugmaker's most potent protection against unwanted takeovers: an 80-percent supermajority vote threshold for any shareholder
mutiny to succeed.
MoreNew electronic radio ratings system rattling nerves
February 20, 2010
Anthony SchoettleLocal radio operators are bracing for a potential ratings shake-up. The introduction of Arbitron Co.'s Portable People Meter
in the Indianapolis market this summer is expected to tighten the ratings race and could dramatically affect how much advertisers
are willing to pay for radio spots.
MoreBayh's exit may pinch federal funds going to Indiana
February 20, 2010
Peter SchnitzlerSen. Evan Bayh brought home the bacon—more than
$1.4 billion in federal appropriations and grants in just the last 12 months.
MoreGeneral Growth board sued for rejecting $10B Simon bid
February 20, 2010
Bloomberg NewsDirectors at Chicago-based General Growth Properties Inc. are being sued by a shareholder claiming they shouldn’t have
rejected a $10 billion buyout offer from competitor Simon Property Group Inc.
MoreIndianapolis officials used Super Bowl to prep for 2012
February 20, 2010
Associated PressNearly four dozen host committee members and Indianapolis officials attended the game. The entourage will apply what they
learned to the 2012 event.
MoreWhite House plans new rules for health insurers
February 19, 2010
Bloomberg NewsPresident Obama will release a proposal to restart the health-care debate before a bipartisan White House meeting on Feb.
25, one day after WellPoint officials testify before Congress about steep rate increases.
MoreJudge places Fair Finance into bankruptcy
February 19, 2010
Greg AndrewsA federal trustee will take control of the company's assets while securities-fraud probes continue.
MoreAirport picks team to study re-use of land at old terminal site
February 19, 2010
Chris O'MalleyThe Indianapolis Airport Authority's plan for the next "30 to 50 years" starts with a team tapped Friday morning.
Five firms will study ways to use airport property, including the former passenger terminal.
MoreApartment developer plans 217 units in Lawrence
February 19, 2010
Cory SchoutenJ.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village
at the Fort.
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.