News & Analysis

Global micro lender Grameen ramps up in IndianapolisRestricted Content

August 6, 2011
Low-income women could receive loans in weeks.
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Indianapolis-based banks struggle to emerge from slumpRestricted Content

August 6, 2011
Francesca Jarosz
Indiana regional banks and national institutions are faring better, a possible indication that Indianapolis' economy isn't recovering as quickly as expected.
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Palladium sells well, ups ante for its competitorsRestricted Content

August 6, 2011
Kathleen McLaughlin
About 40 percent of the tickets sold during the Palladium’s first half-season went to subscribers, prompting managers to expand the series offerings for the full season that begins later this month.
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Marion County prosecutor plots white-collar strategyRestricted Content

August 6, 2011
Cory Schouten
Terry Curry expects his creation of a task force will start paying off with new cases—ranging from employee theft and investment fraud to political corruption—in the next few months.
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Firm helping others create 'an app for that'Restricted Content

August 6, 2011
Chris O'Malley
A two-man Indianapolis firm is making a splash in the graphic design industry with a Web-based tool that allows designers unfamiliar with Apple Inc. software code to build applications for iPads and iPhones.
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Site with rich history could become catalyst for east-side growthRestricted Content

August 6, 2011
Francesca Jarosz
A four-acre site just east of downtown with a rich history is being targeted by city officials and redevelopment leaders for redevelopment. They want to restore the once-vibrant spot at Washington and Gray streets in hopes that it will help revive the beaten-down corridor.
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Indiana banks continue quest for tax consistencyRestricted Content

August 6, 2011
Scott Olson
Lobby prepares new pitch for next legislative session.
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Stocks go on roller coaster ride after jobs report

August 5, 2011
Associated Press
Market swings continued all day after a better-than-expected employment report. By the market's close, the Dow was up 60 points, or 0.54 percent, to 11,444.
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Indiana counties wrestling with tax overpayment

August 5, 2011
Associated Press
City and county officials across Indiana are starting to wrestle with how they'll deal with the state's plan to recoup roughly $610 million it overpaid local governments for income taxes it expected to collect.
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City cracking down on noncompliant tax breaks

August 5, 2011
Cory Schouten
The city of Indianapolis is seeking to overturn property tax breaks for more than 20 companies that continued to apply for abatement even though they were unable to meet job commitments.
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Harrison, Conexus create logistics degree program

August 5, 2011
J.K. Wall
The associate's programs will begin in September for students at Harrison College, a for-profit school formerly known as Indiana Business College.
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Stocks turn lower as optimism about jobs fades

August 5, 2011
Associated Press
Stocks rebounded Friday on a report that the U.S. added more jobs than expected during July, but quickly retreated.
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Hoosier firms integral part of State Fair midway

August 5, 2011
Scott Olson
Danny Huston, a native Hoosier, bought rides provider North American Midway Entertainment and moved it from Mississippi to Indiana. And in a bid to help increase ticket sales, he's introducing automated machines built by Standard Change-Makers in Indianapolis.
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Hillenbrand to buy Cincinnati business for $240M

August 5, 2011
J.K. Wall
Batesville-based company expects to close on its purchase of Cincinnati-based Rotex Global LLC later this month. Rotex makes dry material separation machines.
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Orthopedics company plans $27M Indiana project

August 5, 2011
Associated Press
Warsaw-based DePuy Orthopaedics expects to spend $20 million on manufacturing equipment and $7 million on research and development equipment and have it installed before 2014.
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U.S. jobless rate dips as economy adds 117,000 jobs

August 5, 2011
Associated Press
Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.
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Kite sees smaller loss, more revenue in 2nd quarter

August 4, 2011
 IBJ Staff
Kite Realty Group Trust saw a smaller loss and higher revenue in the second quarter compared to the same quarter a year ago, the Indianapolis-based real estate investment trust announced late Thursday.
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Goldsmith stepping down as New York deputy mayor

August 4, 2011
Bloomberg News
New York City Deputy Mayor Stephen Goldsmith, the former Indianapolis mayor who joined Mayor Michael Bloomberg’s administration last year, has resigned to pursue a job financing infrastructure development.
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Franklin Electric moving HQ, 220 jobs to Fort Wayne

August 4, 2011
 IBJ Staff and Associated Press
Franklin Electric Co. Inc. says it will move its corporate headquarters from Bluffton to a $25 million development in Fort Wayne by 2013. The company has 220 employees and expects to add 35 more by 2014.
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UPDATE: Dow drops 513 in worst day since '08

August 4, 2011
Associated Press
A broad sell-off sent major stock indexes down more than 4 percent for the day.
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HHGregg shares plunge after rare quarterly loss

August 4, 2011
Cory Schouten
Shares of electronics and appliance retailer HHGregg Inc. slumped more than 18 percent Thursday morning, to a two-year low, after the chain reported its first quarterly loss in four years.
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Gen Con convention betting on attendance surge

August 4, 2011
Scott Olson
Organizers of the four-day gaming conference think this year's event will draw 35,000 visitors to Indianapolis, thanks in large part to a bigger convention center.
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Indiana schools chief suggests grades for districts

August 4, 2011
Associated Press
Indiana's public education chief wants to start giving school districts letter grades on an A-to-F scale to hold them accountable for how their schools perform.
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U.S. unemployment applications slip slightly

August 4, 2011
Associated Press
The number of people seeking unemployment benefits dipped last week but has been at or above 400,000 for 17 straight weeks.
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Mother Nature again slams insurer Baldwin & Lyons

August 4, 2011
Cory Schouten
Catastrophic tornadoes in Alabama and Missouri took their toll on second quarter results for Indianapolis-based insurer Baldwin & Lyons Inc.
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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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