News & Analysis

Container maker Arrow to expand, add 65 jobs

June 20, 2011
 IBJ Staff
Corrugated container manufacturer Arrow Container LLC plans to expand operations at its Indianapolis headquarters, more than doubling its staff over the next four years.
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Well-located Carmel retail center plagued by vacancies

June 18, 2011
Cory Schouten
Merchants' Square shopping center, built in 1970 as the enclosed Keystone Square Mall and redeveloped into an open-air center and renamed in the mid-1990s, is riddled with vacancies and bracing for another high-profile departure, despite its prime location.
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2010 was great for Indiana's 100 largest companiesRestricted Content

June 18, 2011
Norm Heikens
Despite enjoying rising revenues and profits, companies haven't followed with big increases in job numbers.
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Indiana public companies had banner yearRestricted Content

June 18, 2011
Corporations staged advances across a variety of industries in 2010 as the economy improved.
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State's private companies performed unevenly last yearRestricted Content

June 18, 2011
Norm Heikens
Fewer than half generated revenue increases.
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City's fast-growing companies surge with economic recoveryRestricted Content

June 18, 2011
Marc D. Allan
An economic recovery blowing against their backs propelled some Indianapolis-area companies to scorching growth.
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City's ambitious tech-corridor plan no sure thingRestricted Content

June 18, 2011
Francesca Jarosz
Indianapolis leaders are hoping a new plan launched by Mayor Greg Ballard’s administration to transform the area northwest of downtown into a high-tech job and life-sciences research magnet will turn the long-discussed idea into a reality.
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State paying MindTrust to develop IPS alternativesRestricted Content

June 18, 2011
J.K. Wall
The Indiana Department of Education is paying more than $680,000 to The MindTrust, a locally based not-for-profit, to develop other ways to oversee troubled schools than the traditional elected school board.
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Showdown looming over Marion County income taxRestricted Content

June 18, 2011
Francesca Jarosz
More agencies will be vying for a piece of the city’s income-tax revenue as next year’s budget process begins. But with that money flat-lined next year, city leaders say there may not be enough to share.
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Community Health adopts low-cost mantraRestricted Content

June 18, 2011
J.K. Wall
Community Health Network has embarked on a strategy to become a low-cost, high-output machine in order to survive the coming harsh economic environment that an aging population and expanded health care coverage promises for hospitals.
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Wind farm may fan economy in Madison CountyRestricted Content

June 18, 2011
Chris O'Malley
E.ON Climate & Renewables North America is planning some 75 wind turbines as part of Madison County’s first commercial wind farm, one that could temporarily employ 150 construction workers and bring a dozen permanent jobs.
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Pilots OK cuts, allowing Republic to pursue restructuring plan

June 17, 2011
Bloomberg News
Frontier Airlines pilots overwhelmingly approved concessions that will allow parent Republic Airways Holdings Inc. to pursue a $120 million restructuring at the unprofitable unit. Indianapolis-based Republic bought Frontier out of bankruptcy in 2009.
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State gets week to respond in Planned Parenthood case

June 17, 2011
Associated Press
A federal judge on Friday gave the state of Indiana a week to respond to the Obama administration's decision siding with Planned Parenthood of Indiana in an attempt to block the state's new abortion funding law.
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Towing companies sue city over contracts

June 17, 2011
Scott Olson
The plaintiffs claim the city violated the bid process by awarding contracts to companies that didn't meet the requirements. They're asking for an injunction to prevent the contracts from taking effect.
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INSIDE DISH: Italian eatery tables expansion amid downturn

June 17, 2011
Mason King
Dish_Augustinos_WatchVideoAaron O'Mara, co-owner of Augustino's, expected to open several locales until the economic downturn and a dip in sales scuttled those plans. Now he hopes to hold the line.
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Judge whacks claim that games infringe on Dillinger name

June 17, 2011
Cory Schouten
A federal judge has shot down a lawsuit brought by heirs of notorious bank robber John Dillinger over the depiction of the Dillinger name in video games based on the classic movie "The Godfather."
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UIndy launches $7.5M campaign for civic leadership institute

June 17, 2011
J.K. Wall
The Institute for Civic Leadership & Mayoral Archives will house a collection of official documents, correspondence, speeches, photos, audiotapes and other artifacts from the administrations of four Indianapolis mayors: Dick Lugar, Bill Hudnut, Steve Goldsmith and Bart Peterson.
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State’s jobless rate holds steady at 8.2 percent

June 17, 2011
Indiana's unemployment rate remained unchanged in May from the previous month. Because the rate has been at or below 8.5 percent for three consecutive months, the state is no longer eligible for a portion of extended unemployment benefits.
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IU Health strikes deal with Central Indiana Cancer Centers

June 17, 2011
J.K. Wall
Central Indiana Cancer Centers sold its five facilities to IU Health and transferred its 150 employees to the Indianapolis-based hospital system. The 16 physicians in the practice will remain independent, but they have signed a service agreement with IU Health that pulls the two entities into a tight embrace.
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Greenwood golf course reorganizing under bankruptcy

June 17, 2011
Scott Olson
Renamed Dye's Walk Country Club in 2007, the private golf course's original nine holes were the first designed by legendary course architect Pete Dye. The Greenwood course has fallen on financial hard times and is hoping to emerge under new ownership.
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Sources: Angie’s List picks adviser to handle planned August IPO

June 17, 2011
 IBJ Staff and Bloomberg News
Angie’s List Inc., a website that provides consumer reviews of plumbers, electricians and other services, is preparing to file in August for an initial public offering, said two people with direct knowledge of the plans.
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Stonegate Mortgage to relocate growing firm to Indianapolis

June 17, 2011
 IBJ Staff
Stonegate Mortgage Corp. will move its growing operation to Indianapolis in the next few months after a deal to expand in Fishers fell through.
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Former Fifth Third exec killed in Puerto Rico

June 16, 2011
Maurice Spagnoletti, a former president and CEO of Cincinnati-based Fifth Third Bancorp's central Indiana operations, was gunned down on Wednesday. He had been an executive of Doral Bank in Puerto Rico for about six months.
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Lender purchases Renaissance Bay in sheriff’s sale

June 16, 2011
Scott Olson
Fort Wayne-based Star Financial Bank, which is trying to recover some of the more than $23 million it loaned for the condominium project, submitted the only bid for it on Wednesday. The bank said several potential buyers are interested in the property.
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USA Track & Field struggling to find new CEO

June 16, 2011
Anthony Schoettle
The Indianapolis-based sports group goes "around and around" in its search to replace fired CEO Doug Logan. A new candidate could be presented to the board next week.
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