News & Analysis

Medical implant maker plans move from northern Indiana

August 4, 2011
Associated Press
Rochester Medical Implants plans to move operations from Rochester to Noblesville in October. The company has 28 employees.
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Skillman to lead trade mission to Japan

August 4, 2011
Associated Press
The lieutenant governor's delegation will will leave in September and focus on job creation.
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Aetna latest out of Indiana individual health market

August 3, 2011
Associated Press
The nation's third-largest health insurance company is the latest to leave the individual policy market in Indiana in another sign of diminishing competition.
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Frontier, flight attendants reach tentative deal

August 3, 2011
Associated Press
Frontier Airlines and the union representing its nearly 1,000 flight attendants have reached a tentative agreement to trim labor costs.
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Candidate Pence eyes Indiana income-tax cuts

August 3, 2011
Associated Press
Republican Mike Pence is looking at ways to cut Indiana income tax rates across the board if elected governor next year.
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Holiday World plans world's longest water coaster

August 3, 2011
 IBJ Staff and Associated Press
Officials at Holiday World & Splashin' Safari in southern Indiana on Wednesday unveiled plans for a $9 million ride that will be the most expensive in the park’s history.
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Indiana tax revenue better than expected for July

August 3, 2011
Associated Press
The new budget year is off to a good start for Indiana's state government with about $23 million more in tax revenue coming in than expected.
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IU union urges president to not accept big raise

August 3, 2011
Associated Press
The union that represents Indiana University's support staff is urging IU's president to turn down a 22-percent pay raise, saying the money could instead go toward preventing layoffs at a campus library.
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Fair sues Shelbyville bank over sale of Durham Duesenberg

August 3, 2011
Greg Andrews
Fair Finance Co.’s bankruptcy trustee sued Shelbyville’s SCB Bank this week, charging it refuses to turn over hundreds of thousands of dollars it raised by auctioning off one of Tim Durham’s most valuable automobiles, a 1929 Duesenberg.
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North of South gets a new name: CityWay

August 3, 2011
Cory Schouten
The $156 million mixed-use development at Delaware and South streets in Indianapolis has a new name designed to reference both the project's downtown locale and the urban "way of life" it will offer.
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Endocyte completes secondary public offering

August 3, 2011
The West Lafayette-based biotech firm raised about $66.8 million by selling nearly 6.7 million shares of company stock, priced at $12.26 per share.
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LEADING QUESTIONS: Zoo's top dog aims to inspire

August 3, 2011
Mason King
LQ_Crowther_WatchVideoHow does the Indianapolis Zoo aspire to save the world? What has its CEO learned from past mistakes? Michael Crowther has answers.
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Railroad plans Gary redevelopment, 251 jobs

August 3, 2011
 IBJ Staff
Canadian National Railway Co. on Wednesday announced plans to relocate part of its operations from Markham, Ill., to northwest Indiana.
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Indiana State Fair to promote soybean industry

August 3, 2011
Associated Press
The Indiana State Fair will celebrate the versatility of the soybean and its $2.5 billion impact on the state during its 17-day run beginning Friday.
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Indicted elections chief hires ex-prosecutor Brizzi

August 3, 2011
 IBJ Staff and Associated Press
Indiana Secretary of State Charlie White has hired former Marion County Prosecutor Carl Brizzi as his lead defense attorney in his fight against voter fraud charges.
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Proposed wind farm seeking approval in Tipton

August 3, 2011
 IBJ Staff and Associated Press
An energy company that wants to build a massive wind farm in central Indiana has taken another step toward that goal.
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Navistar adding, eliminating factory jobs in Indiana

August 2, 2011
 IBJ Staff
Navistar International Corp. announced plans Tuesday to create up to 400 factory jobs in northern Indiana while eliminating 250 manufacturing positions in the eastern part of the state.
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Most Indiana lawmakers vote against raising debt ceiling

August 2, 2011
Associated Press
A majority of Indiana's congressional delegation bucked the trend and voted against emergency legislation to raise the nation's debt ceiling, drawing praise from a tea party official.
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Democrat Gregg wants to improve manufacturing base

August 2, 2011
Associated Press
Former Indiana House Speaker John Gregg said Tuesday he would focus on rejuvenating the state's manufacturing base if he is elected governor next November.
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Wife of Pacers owner testifies against nanny

August 2, 2011
Associated Press
The wife of Indiana Pacers owner Herb Simon testified Tuesday that she knew nothing about violence in the past of a nanny who worked for her and said she would not have hired her if she had known.
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Stocks slump as concerns about economy grow

August 2, 2011
Associated Press
The Dow Jones industrial average sank 265 points on Tuesday and all three major stock indexes fell more than 2 percent as investors reacted to more signs of weakness in the U.S. economy and poor earnings from several big companies.
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Obama signs debt bill after final Senate vote

August 2, 2011
Associated Press
The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the legislation to President Barack Obama for his signature just hours before the deadline.
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Duke turns second-quarter profit on higher revenue

August 2, 2011
Bloomberg News
Duke Energy Corp., which is buying Progress Energy Inc. to become the largest U.S. utility owner, on Tuesday reported a second-quarter profit after a year-ago loss.
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Former Nordstrom space could find Super Bowl use

August 2, 2011
Scott Olson
The massive space in Circle Centre mall vacated by high-end retailer Nordstrom could be used to host corporate events surrounding the big game.
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Not-for-profit building affordable housing in Brownsburg

August 2, 2011
 IBJ Staff
Sycamore Services Inc., which serves people with disabilities, has closed on $8 million in financing to build a 72-unit apartment community in Brownsburg.
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