News & Analysis

Local bar ordered to pay $45,000 to fired worker

August 12, 2011
The Wild Beaver Saloon in Broad Ripple agreed to the payment as part of a settlement reached Thursday. The U.S. Equal Employment Opportunity Commission sued the bar for allegedly firing the female employee because of her pregnancy.
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INSIDE DISH: Carmel Cajun eatery Mudbugs turns corner

August 12, 2011
Mason King
Dish_Mudbugs_watch_videoAfter a shaky start, ownership shakeup and puzzled looks from potential patrons, Belinda and Roy LeBlanc have turned their homegrown oasis for Louisiana cuisine into a profitable venture.
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United Way turns to coupons to lure donors

August 12, 2011
Kathleen McLaughlin
In a promotion fit for the economy, United Way of Central Indiana will try to lure donors by offering them access to discounts from national and local retailers.
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U.S. stocks open higher after positive retail report

August 12, 2011
Associated Press
A strong report on retail sales in July helped send U.S. stocks higher early Friday after a week of record-setting losses and gains on Wall Street.
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Gen Con Indy convention scores record attendance

August 12, 2011
 IBJ Staff
Gen Con Indy, one of the city’s largest annual conventions, drew a record 36,733 unique visitors to this year's event, organizers announced Thursday.
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Judge weighs request to block Indiana voucher program

August 11, 2011
Associated Press
Marion Superior Court Judge Michael Keele said he would rule early next week on a request from a group of teachers and religious leaders backed by the Indiana State Teachers Association to issue a preliminary injunction keeping the law from taking effect.
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UPDATE: Stocks soar on small positive economic signs

August 11, 2011
Associated Press
Wall Street's wildest week since 2008 continued with another 500-plus point move for the Dow on Thursday.
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Buyer lined up for Caribbean Cove hotel, water park

August 11, 2011
Scott Olson
The owner of the hotel and water park said a sale should be complete on Sept. 12. If the acquisition falls through, however, it will close the property on Oct. 9, putting 206 employees out of work.
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Wet spring, dry summer dent Indiana corn, soybeans

August 11, 2011
Associated Press
Experts say Indiana farmers won't produce as much corn and soybeans as they had hoped for a second straight year.
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City to cut $20 million from most departments in 2012

August 11, 2011
Francesca Jarosz
Indianapolis will shed 200 positions next year to help cut $20 million from non-public safety agencies.
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Cultural Trail delays take toll on Fountain Square merchants

August 11, 2011
Scott Olson
Construction of the trail's spur on Virginia Avenue was supposed to be finished by the end of July but now won't be done until the end of the year. The unfinished work is causing headaches for Fountain Square business owners.
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Expo dismisses 3 managers after months of dissension

August 11, 2011
 IBJ Staff
Indiana Black Expo has fired three executives who signed letter in May complaining about the leadership of CEO Tanya Bell, TV reports say.
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Indiana casino owner preparing to exit bankruptcy

August 11, 2011
Associated Press
The company that owns Indiana's Hoosier Park casino and horse track expects to emerge from bankruptcy protection in the coming months with about two-thirds less debt.
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Home-sale deals tick up in Indianapolis area

August 11, 2011
 IBJ Staff
Home-sale agreements in the nine-county Indianapolis area rose 3.6 percent in July from the same month a year earlier, marking the third straight month of year-over-year increases after 14 months of declining sales.
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Home construction permits dip in July

August 11, 2011
The number of permits filed last month in the Indianapolis metropolitan area declined to 305, a decrease of 4 percent from the same month in 2010, according to the Builders Association of Greater Indianapolis.
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'Abdul in the Morning' show to end Friday

August 11, 2011
J.K. Wall
Abdul-Hakim Shabazz said his morning radio show on WXNT-AM 1430 will be replaced by the syndicated "Wall Street Journal Report" on Monday in a cost-cutting decision by Entercom Communications Corp.
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Unemployment aid applications fall to 4-month low

August 11, 2011
Associated Press
The number of people seeking unemployment benefits fell last week below 400,000 for the first time in four months, a sign that the job market may be improving again slowly after a recent slump.
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Dow drops more than 500 over economy concerns

August 10, 2011
Associated Press
The Dow Jones industrial average fell 519 points, or 4.6 percent, to close at 10,719.94 on Wednesday, wiping out the 429-point gain from Tuesday.
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IndyCar extends deal to keep races on ABC

August 10, 2011
Terms of the agreement call for the network to televise five races each year through 2018, including the Indianapolis 500.
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Hampton Inn to become Bud Light Hotel during Super Bowl

August 10, 2011
J.K. Wall
The Bud Light name and logo will replace Hampton's all over the hotel, from the outside signage and canopies to the in-room soap, shampoo and pens.
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Westfield company wants to add 178 jobs in Jeffersonville

August 10, 2011
J.K. Wall
A subsidiary of Westfield-based Revere Industries LLC could add 178 jobs in Jeffersonville in southern Indiana if it wins approval of a property tax abatement.
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City plans to put $80M from utility sale into new fund

August 10, 2011
Scott Olson
The money would be used as a safeguard to help Indianapolis maintain its AAA credit ratings. But Democrat mayoral challenger Melina Kennedy is criticizing the move.
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Stocks plunge after market's opening

August 10, 2011
Associated Press
The Dow Jones industrial average fell 413 points, or 3.7 percent, to 10,827, in morning trading Wednesday. That erased nearly all of its 429-point gain from Tuesday, when the Federal Reserve pledged to keep its key interest rate at nearly zero into 2013.
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KAR Auctions reports $14M quarterly loss

August 9, 2011
Associated Press
Carmel-based used and salvaged vehicle auctioneer KAR Auction Services, Inc. said it lost $14.3 million in the second quarter due to the early payoff of debt.
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EnerDel parent says quarterly report will be late

August 9, 2011
 IBJ Staff
New York-based Ener1 Inc., which engineers and makes batteries in the Indianapolis area at its EnerDel subsidiary, announced Tuesday that it won't file its second-quarter 2011 financial report on time.
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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