News & Analysis

New TIF districts could spur urban development

May 21, 2011
Francesca Jarosz
Indianapolis leaders have targeted four core urban areas for renewal, taking steps to create new tax-increment-financing districts to seed economic development there.
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Credit unions gun for more traditional bank business

May 21, 2011
Francesca Jarosz
A push by credit unions for more leeway with small-business lending is fueling an old fight with their banking rivals.
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Regional banks targeting midsize companies in IndianaRestricted Content

May 21, 2011
Scott Olson
Improved economy, loosening credit standards are driving increased lending.
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Hoosiers finally score one of Foot Locker's House of HoopsRestricted Content

May 21, 2011
Cory Schouten
Finish Line's main competitor had bypassed Indianapolis at it chose locations for its concept store that sells Nike-brand basketball shoes and apparel.
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GM winding down operations at local metal-stamping plantRestricted Content

May 21, 2011
More than half of hourly employees have already retired or accepted transfers to other GM facilities.
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Tennis group seeking $3.5M for new downtown venueRestricted Content

May 21, 2011
Anthony Schoettle
Tennis advocates have identified three near-downtown parcels for a new Indianapolis Tennis Center and expect to make a sponsorship announcement soon that could kick-start the development.
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Frozen yogurt hot item on local retail sceneRestricted Content

May 21, 2011
Marc D. Allan
Frozen yogurt businesses are sprouting up all over the Indianapolis area, with owners hoping to cash in on the public’s appetite for what they perceive as a healthy treat.
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Indiana court denies delay in White election case

May 20, 2011
Associated Press
The Indiana Supreme Court says the state recount commission should proceed with reconsidering whether Secretary of State Charlie White was a valid candidate for the office to which he was elected.
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Crime-grant selection enters final round

May 20, 2011
Kathleen McLaughlin
A smaller budget and new selection process for Indianapolis’ crime-prevention grant program has thrown some local not-for-profits for a loop.
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Prices at gas pump painful for most Americans

May 20, 2011
Associated Press
In a poll about the cost of gasoline, 71 percent said rising prices will cause some hardship for them and their family, including 41 percent who called it a "serious" hardship.
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State’s jobless rate falls again, to 8.2 percent

May 20, 2011
Despite a decrease in private sector jobs, Indiana's unemployment rate in April dropped 0.3 percentage points, to 8.2 percent, the lowest it's been since December 2008.
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Marsh Supermarkets settles IRS issue in suit against ex-CEO

May 20, 2011
Scott Olson
A new brief in a lawsuit against former CEO Don Marsh alleges he had an affair with a Russian ice ballet director, bankrolled with company funds.
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Health insurers lose push to ease rate review

May 20, 2011
Bloomberg News
U.S. insurers led by WellPoint Inc. and UnitedHealth Group Inc. failed to get federal regulators to change a rule in the 2010 health-care overhaul that triggers a review of any premium increases exceeding 10 percent.
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Indiana BMV nixes fee to see driver record online

May 20, 2011
Associated Press
Indiana drivers can now review online records including citations, suspensions and violations without paying a fee.
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Daniels says U.S. debt threatens American dream

May 19, 2011
Associated Press
Indiana Gov. Mitch Daniels believes tackling the national debt should be a focus of anyone running for the White House.
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City's last independent map retailer set to fold

May 19, 2011
Scott Olson
Odyssey Map Store in downtown Indianapolis will close Aug. 31 after a 27-year run. The owners attribute the closing to the proliferation of GPS devices and smart phones.
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Franciscan Alliance takes control of VNS home health agency

May 19, 2011
J.K. Wall
Visiting Nurse Service Inc., a 200-employee agency based in Indianapolis, will operate under the umbrella of Franciscan St. Francis Health, the organizations announced Thursday.
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Businessman settles with SEC in fraud case

May 19, 2011
Francesca Jarosz
A Sheridan businessman has reached a settlement with the Securities and Exchange Commission in a case alleging he bilked investors, engaged in illegal trading practices and misappropriated funds.
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Best Buy closing Franklin warehouse; 301 jobs lost

May 19, 2011
The Minneapolis-based appliance and electronics retailer plans to close the facility by the end of March. Employees will be terminated in phases beginning in July.
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Cash-strapped IU closing Continuing Studies School

May 18, 2011
Associated Press
Indiana University says continuing financial pressures have led to the planned closing of its School of Continuing Studies, which serves about 4,000 students around the state.
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Indiana Downs owner halts lawsuit amid bankruptcy

May 18, 2011
Bloomberg News
Cordish Cos., a real-estate developer trying to build a casino near Baltimore, must temporarily halt a defamation lawsuit against the chief executive officer of Shelbyville casino owner Indianapolis Downs LLC, a federal judge said Tuesday.
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City proceeding with public safety complex at Eastgate

May 18, 2011
Scott Olson
City-County Council grants approval for the city to enter into a 25-year lease with the owner of the former Eastgate mall to take 76,000 square feet for a Regional Operations Center.
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Venture capitalist eyeing seventh education documentary

May 18, 2011
Francesca Jarosz
Former CID Equity Partners exec Bob Compton spends most of his time these days on education documentaries, which have largely focused on what successful school systems do and how that might be applied in the United States.
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Riley Hospital CEO resigns

May 18, 2011
Dan Fink, who joined Riley Hospital for Children nearly six years ago, will depart Friday. Marilyn Cox will serve as interim president and CEO while Riley conducts a national search for a new leader.
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LEADING QUESTIONS: Wishard's top doc stays true to roots

May 18, 2011
Mason King
LQ_Harris_watchVideoHow can practicing medicine prepare you for a CEO post? And why is it smart to continue seeing patients once you get the top job? Dr. Lisa Harris will see you now with answers.
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