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News & Analysis
Columbia City plant to close, nixing 135 workers
February 12, 2010
IBJ Staff and Associated PressFort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according
to a union official.
MoreJudge weighing request to unseal Fair Finance records
February 11, 2010
IBJ StaffA federal judge is weighing whether to unseal search-warrant documents related to the federal investigation of businessman
Tim Durham and Akron, Ohio-based Fair Finance Co. following a hearing Thursday in Youngstown, Ohio.
MoreRemy inks deal to supply hybrid motors to Allison
February 11, 2010
Chris O'MalleyRemy International and Allison Transmission will work together on a hybrid commercial truck program. Latest supply deal to
boost Remy's Anderson factory.
MoreFair Finance going along with appointment of receiver
February 11, 2010
Greg AndrewsAttorneys for the company and its parent firm denied any fraud occurred but said receivership nonetheless made sense.
MoreHerb Simon purchases Kirkus book review journal
February 11, 2010
Scott OlsonIn a move not necessarily stranger than fiction, Herb Simon has bought Kirkus Reviews, the venerable journal of prepublication
book reviews. The owner of the Indiana Pacers co-owns an independent bookstore in California and is described as a voracious
reader.
MoreSenator backs down on bill altering historic-district rules
February 11, 2010
Cory SchoutenSen. Patricia Miller will put on hold a bill that would have have stripped the Indianapolis Historic Preservation
Commission
of much of its authority. The bill was
prompted by incidents including a dispute over St. John United Church of Christ.
MoreKmart closing adds to Connersville jobless woes
February 11, 2010
Kmart's announcement that it will close its store in Connersville in May will put 59 employees out of work. Fayette County,
where the city is located, already is strapped by steep job losses.
MoreCity seeking proposals to privatize parking operations
February 11, 2010
IBJ StaffIndianapolis leaders are officially seeking proposals from companies interested in running the city’s parking operations—and
possibly additional spaces managed by other government entities.
MoreCarmel performing arts center raises curtain on new name
February 11, 2010
Kathleen McLaughlinCarmel's new 1,600-seat concert hall will be called "The Palladium," part of a marketing effort designed to generate more
financial
support for the city's performing arts center.
MoreToyota's new lobbyist strategy: factory workers
February 11, 2010
Bloomberg NewsFacing intense scrutiny from the federal government, Toyota is trying a salt-of-the-earth offensive, paying for a group of
its U.S. employees to talk with lawmakers. At least one is from Toyota's plant in Princeton, Ind.
MoreWorld Media Group to expand Indianapolis operations
February 11, 2010
IBJ StaffMultimedia products maker World Media Group Inc. will invest more than $2 million to expand its manufacturing operations on
the east side of Indianapolis, increasing its workforce by 20 percent.
MoreState tries new plan to track students' growth
February 11, 2010
Associated PressInstead of focusing on standardized tests, the Indiana Growth Model will monitor individual students' academic growth to measure
their progress and identify effective teaching methods, state public education officials say.
MoreGovernors ask Congress to go easy on Toyota
February 10, 2010
IBJ Staff and Associated PressIndiana Gov. Mitch Daniels and three other governors of states with Toyota plants are calling on Congress to be fair to the
automaker in hearings concerning safety recalls.
MoreMayor: Massive transit plan open for discussion
February 10, 2010
Chris O'Malley
Backers of the plan
said the work by the Central Indiana Transit Task Force amounts to a crucial private-sector endorsement
needed to finally proceed with a regional transportation system.
Dow Agro CEO says pipeline of products strong
February 10, 2010
Dow AgroSciences CEO Antonio Galindez told investors Wednesday morning that the company plans to launch five products
by 2013 that could increase annual revenue by $800 million.
MoreDurham-backed firm to halt trading, dissolve
February 10, 2010
Greg AndrewsDallas-based CLST Holdings Inc. has struggled, and its shares trade for a mere 9 cents apiece.
MoreLawsuit could bring NCAA financials to light
February 10, 2010
Anthony SchoettleLawyers for former UCLA basketball player Ed O'Bannon are promising to expose financial information about NCAA's licensing
contracts the NCAA would rather keep private.
MoreReport: State's pharmaceutical contractors continue to grow
February 10, 2010
A report set to be released Wednesday by local life sciences industry group BioCrossroads says Indiana companies providing
contract pharmaceutical research and manufacturing services are weathering the economic downturn and are growing.
MoreWishard construction project enjoying cheap debt
February 10, 2010
J.K. WallThe Health & Hospital Corp. of Marion County got good news in its first round of borrowing to finance a new Wishard
hospital: The cost is less than expected.
MoreLebanon startup driving hard deal
February 10, 2010
J.K. WallVoCare Inc. wants $4 million in cash and tax incentives to open headquarters and call center it says could employ 300 people.
MoreTask force endorses regional taxes for mass transit
February 9, 2010
Chris O'MalleyAfter 30 years of government
studies of a regional transportation system, a private-sector group on Wednesday is set to unveil its own
plan that includes commuter rail and toll lanes added to congested interstate highways.
MoreExactTarget reports record annual results
February 9, 2010
Anthony SchoettleLocally based e-mail marketing firm opens London office, adds big-name clients and secures $145 million in venture capital.
MoreColts won't disclose which legislators got game tickets
February 9, 2010
Kathleen McLaughlinThe team sold Super Bowl tickets to 26 state lawmakers, 27 members of the City-County Council, 10 members of Mayor Greg Ballard's
office, six other state officials, and four Congressmen.
MoreUPDATE: Steak n Shake confirms new corporate HQ
February 9, 2010
Cory SchoutenThe Steak n Shake Co. updated its Web site this week to reflect a new corporate headquarters address in San Antonio, confirming
a story in IBJ's Feb. 8 print edition.
MoreOwners, developers see silver lining in health care real estate
February 9, 2010
Tom HartonHealth care real estate has survived the nation’s weak economy better than most sectors, and some owners and developers
think it’s positioned to thrive.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!