News & Analysis

National Bank of Indianapolis exec retiring

August 31, 2011
Philip B. Roby, who helped start the city's largest locally based bank, will retire at the end of the year.
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New IU football coach giving ticket sales a boost

August 31, 2011
Anthony Schoettle
A potential public-relations black eye between new coach Kevin Wilson and two radio announcers could be helping Indiana University sell more season tickets.
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Indiana Supreme Court to hear state back-pay dispute

August 31, 2011
Associated Press
The class-action lawsuit argued that some state employees were required to work 40 hours a week while others were paid the same for working 37.5 hours.
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Music retailer moving call center to Indianapolis

August 30, 2011
The Woodwind & Brasswind, a South Bend-based retailer of musical instruments, is moving call-center operations to Indianapolis. The center will employ 100 people.
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Missouri health care advocates decry Indiana contractor

August 30, 2011
 IBJ Staff and Associated Press
Indianapolis-based SynCare LLC, hired to determine the eligibility of Missouri Medicaid patients for in-home care, has "been a complete disaster from the beginning," statewide health care advocates charge.
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Embattled auctioneer wanted in Pennsylvania

August 30, 2011
Associated Press
Northeastern Indiana officials have issued an arrest warrant for embattled former auction house owner Dean V. Kruse, who has faced years of legal battles over his business practices.
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PR firm Hetrick Communications closing shop

August 30, 2011
Anthony Schoettle
After 18 years, one of the city's biggest and best-known communications firms is going out of business on Sept. 30.
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UPDATE: Fund for state fair victims rises to $242K

August 30, 2011
Associated Press
Central Indiana Community Foundation spokesman Mike Knight said the State Fair Remembrance Fund contained $242,404 as of Tuesday. Officials are still determining how to distribute the money.
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'Survivor' contestant considers run for governor

August 30, 2011
Associated Press
Former "Survivor" contestant Rupert Boneham has formed an exploratory committee to possibly seek the Libertarian Party's nomination for governor.
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Sheriff's department concerned about budget crunch

August 30, 2011
Francesca Jarosz
Officials from the Marion County Sheriff’s Department say they are concerned that a $10 million gap in this year’s budget will hurt their ability to pay critical bills.
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U.S. consumer confidence falls to 2-year low

August 30, 2011
Associated Press
Stocks fell Tuesday morning after consumer confidence dropped to the lowest level since April 2009. Retailers and other companies that depend on consumer spending had the steepest losses.
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Ex-Countrymark CEO again seeking early release

August 30, 2011
Scott Olson
David Swanson, who is serving a 12-year sentence for wire fraud, money laundering and tax evasion, has succeeded in getting a federal appeals court to hear his case for early release.
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IEDC, Conexus form aerospace, defense council

August 30, 2011
The Indiana Aerospace and Defense Council brings together industry leaders to begin creating a plan to grow the sector. IEDC and Conexus say Hoosier defense contractors have created 1,800 jobs in the past two years.
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Mortgage firm plans local expansion, 140 jobs

August 30, 2011
 IBJ Staff
Royal United Mortgage LLC, an Indianapolis-based mortgage firm, announced plans Tuesday to expand its local operations, adding up to 140 employees by 2013.
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Air tool manufacturer plans Indiana expansion

August 30, 2011
 IBJ Staff and Associated Press
Sullair Corp., which makes air compressors and other air tools, says it will expand its headquarters in northern Indiana and expects to add up to 113 jobs in the next few years.
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Lauth's Eaglepoint fattens up on racing teams

August 30, 2011
Scott Olson
David Powers Motorsports, John Force Racing, Don Prudhomme Racing and Vance & Hines together occupy roughly 320,000 square feet of space at the park.
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Frontier flight attendants ratify labor contract

August 29, 2011
Associated Press
The union representing nearly 1,000 flight attendants ratified a labor agreement with Republic Airways subsidiary Frontier Airlines aimed at cutting costs.
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Another lawsuit filed in Indiana fair stage collapse

August 29, 2011
Associated Press
The family of a Fort Wayne woman killed when a stage collapsed at the Indiana State Fair filed a lawsuit Monday alleging gross negligence and recklessness by the promoters and producers of the concert.
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Indiana Board of Education OKs takeovers of 5 schools

August 29, 2011
Associated Press
Private companies will take over five public schools that a state official called in "various stages of dire situations" after the State Board of Education made the recommendation Monday because of poor classroom performance.
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Sculpture headed back atop Indianapolis monument

August 29, 2011
Associated Press
A 38-foot-tall bronze sculpture will soon be back atop the Soldiers and Sailors Monument in downtown Indianapolis.
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Receiver appointed in $16.8M foreclosure suit

August 29, 2011
Scott Olson
Lender Merrill Lynch Mortgage Trust is foreclosing on several Indianapolis commercial properties, including two retail centers, owned by Greenwood developer Presnell Cos.
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Circle Centre wants Cinnabon out of mall

August 29, 2011
Scott Olson
A lawsuit filed by the downtown Indianapolis mall accuses Cinnaworks LLC, a franchisee of Cinnabon, of failing to pay its $6,751-per-month rent.
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MotoGP race-day attendance up; three-day total down

August 29, 2011
Anthony Schoettle
Speedway officials expect an announcement within 30 days about whether the MotoGP race will be held in Indianapolis in 2012.
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Lawyer: Expect more hospital-doc lawsuits

August 29, 2011
J.K. Wall
With hospitals having scooped up hundreds of physicians in the past three years—putting nearly all of them under non-compete agreements—there are bound to be legal tussles when some of those physicians decide their new matches aren’t exactly made in heaven.
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Savings power of HSAs appears to wane

August 29, 2011
J.K. Wall
As consumer-directed health plans become more prevalent, their power to save money for employers is waning, according to the latest survey by Indianapolis-based United Benefit Advisors.
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