News & Analysis

ITT Educational continues enrollment, profit slide

July 21, 2011
 IBJ Staff
In the second quarter, the Carmel-based operator of for-profit colleges saw enrollment drop 19.9 percent and profit sink 17.7 percent. But the company posted strong earnings per share by continuing to buy back shares.
More

Lilly profit falls, but forecast rises after second quarter

July 21, 2011
J.K. Wall
Second-quarter profit fell at Eli Lilly and Co., but the Indianapolis drugmaker beat the estimates of Wall Street analysts by a penny per share and raised its full-year profit forecast by as much as 10 cents per share.
More

Emmis' local radio stations get big lift from new ratings system

July 20, 2011
Anthony Schoettle
During the quarter ended May 31, ratings at Emmis Communications' four local stations greatly outpaced other stations in the market.
More

Skillman gives $1M to Center Grove schools

July 20, 2011
Scott Olson
In exchange for donating $1 million to Center Grove schools so athletes don't have to pay a new participation fee, local auto dealer Ray Skillman gets to post advertising signs on several athletic facilities, scoreboards and concession stands.
More

LEADING QUESTIONS: Pacers' new coach preaches overachieving

July 20, 2011
Mason King
LQ_Vogel_WatchVideoWhy base the team's identity on a scene from "Rocky"? Is he soft on discipline? What "stupid human tricks" can he perform? Frank Vogel has answers.
More

PNC Financial quarterly earnings top expectations

July 20, 2011
Associated Press
PNC Financial, which has 88 Indianapolis-area branches, reported a nearly 13-percent increase in second-quarter earnings, as the regional bank set aside far less money to cover bad loans.
More

Primary care gets a new approach: prevention

July 20, 2011
Associated Press
A budding model for primary care that encourages the family doctor to act as a health coach who focuses as much on preventing illness as on treating it has shown promising results and saved insurers millions of dollars.
More

Birth control coverage required in U.S. health plan

July 19, 2011
Health insurers led by WellPoint Inc. would be required to cover birth control pills and devices at no cost to patients under the recommendation of a top U.S. scientific advisory board. .
More

Lugar going on TV early in 2012 Senate race

July 19, 2011
Associated Press
Republican U.S. Sen. Richard Lugar is attacking President Barack Obama and showing himself with former President Ronald Reagan in his first campaign ad in what will likely be a tough re-election contest.
More

Indiana AG won't appeal immigration ruling

July 19, 2011
Associated Press
Indiana Attorney General Greg Zoeller says he won't appeal a federal judge's decision to temporarily block part of a new state immigration law but will continue to fight against a ruling that would make the ban permanent.
More

Former federal prosecutor plans run against Burton

July 19, 2011
Associated Press
Susan Brooks announced Tuesday she will challenge Dan Burton in the May 2012 Republican primary to represent Indiana's 5th District.
More

IUPUI track stadium dodges wrecking ball

July 19, 2011
Anthony Schoettle
The Michael A. Carroll Track and Soccer Stadium, which school officials considered demolishing a few years ago, is getting a face-lift that includes a new $1.2 million infield surface.
More

Irvington scores Ossip, set for streetscape project

July 19, 2011
Tom Harton
The Irvington retail trade area stands to get a big boost from two projects set to begin this fall: Ossip Optometry’s renovation of a historic building and a $2.9M makeover of East Washington Street designed to make the business district a draw for pedestrians.
More

Golf course manager suing DuPont over herbicide

July 19, 2011
Scott Olson
R.N. Thompson, which operates several local courses, claims the company's Imprelis herbicide caused "catastrophic tree loss." R.N. Thompson has joined a Pennsylvania resident in filing the class-action suit.
More

Navistar cutting 200 contractor jobs in Fort Wayne

July 19, 2011
Associated Press
Navistar International Corp. is laying off some 200 contract workers from its Fort Wayne operations as part of its consolidation to a new headquarters in suburban Chicago.
More

Lilly: Alzheimer's patients on failed drug didn’t improve

July 19, 2011
Bloomberg News
Eli Lilly and Co. said patients with Alzheimer’s disease whose conditions worsened upon taking the experimental drug semagacestat didn’t improve after dosing was halted.
More

Court gives preliminary OK to WellPoint settlement

July 18, 2011
Associated Press
A California court has granted preliminary approval to a lawsuit settlement over an online security breach of health insurer WellPoint Inc.'s records.
More

Daniels signs trade deal with Chinese province

July 18, 2011
Associated Press
Daniels signed the business cooperation agreement Monday with the leader of Zhejiang Province, located on the east coast of China south of Shanghai. The document pledges to develop further business links between Indiana and Zhejiang.
More

Borders turns the final page, will close all stores

July 18, 2011
 IBJ Staff and Bloomberg News
The chain of bookstores will shutter its remaining 399 locations by September, including the few left in central Indiana. Company brass blame the changing book industry, eReader revolution, and turbulent economy.
More

Not-for-profits vying with WellPoint may get $3.8B in loans

July 18, 2011
Bloomberg News
Not-for-profits that compete with insurers such as WellPoint Inc. are eligible for $3.8 billion in U.S. financing under the health law, and the government expects more than a third of the loans not to be repaid.
More

Exchange could snag 1.1M Hoosiers

July 18, 2011
J.K. Wall
An estimated 1.1 million Hoosiers will obtain health insurance through a yet-to-be-created online exchange, according to the latest estimates from the task force guiding Indiana’s response to the 2010 health reform law.
More

CBO: No great savings from health reform

July 18, 2011
J.K. Wall
Don’t expect the health reform law to tame health care costs. That’s the conclusion of the director of the Congressional Budget Office, who also suggested some of the simplest ways to moderate costs would be to roll back some of its key provisions.
More

Loss of race long-term pain, but short-term gain for track

July 18, 2011
Anthony Schoettle
Officials for Lucas Oil Raceway in Clermont say ticket sales for July 30's NASCAR Nationwide race are up significantly since the July 6 announcement that the race will move to Indianapolis Motor Speedway next year.
More

City ready to take down 1,100 abandoned homes

July 18, 2011
Francesca Jarosz
With the sale of its water and sewer utilities cleared by regulators, the city of Indianapolis is preparing to deploy $15 million to $25 million in funds from the deal into tearing down abandoned houses.
More

YMCA, bike hub on track for City Market

July 18, 2011
Scott Olson
The bike hub is slated to open sometime next month, while a date of Sept. 7 has been set for the unveiling of the new YMCA. The facilities are part of an overall $3.5 million renovation to City Market.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

ADVERTISEMENT