News & Analysis

House panel moves to revive alternate jet engine

May 4, 2011
Associated Press
A U.S. House panel on Wednesday took a step toward reviving the alternate engine for the next-generation F-35 fighter plane that the Indianapolis operations of Rolls-Royce Corp. had been working on until a month ago.
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Panel to rule in June on election chief challenge

May 4, 2011
Associated Press
The Indiana Recount Commission agreed Wednesday to rule by late June on whether indicted secretary of state Charlie White was eligible for office when he was elected six months ago.
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Butler University student wins Frankfort mayoral nod

May 4, 2011
Associated Press
A 23-year-old Butler University student is now a step away from becoming mayor of a small central Indiana city.
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LEADING QUESTIONS: Fast-growing firm handles ascent

May 4, 2011
Mason King
LQ_Meyer_watch VideoMichele Meyer, a former Air Force brat, piloted CSCI Consulting to 850 percent revenue growth over four years. So, why is her advice to "start small"? What obstacles await when a firm takes off?
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Kitchen incubator celebrates graduation of first user

May 4, 2011
Avec Moi, a company that prepares meals to go, is moving to a permanent home at 701 E. 62nd St. In recognition of the event, the city of Indianapolis awarded Indy's Kitchen a $17,000 grant.
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Calumet turns profit on higher product demand

May 4, 2011
The Indianapolis-based company reported first-quarter profit of $4.2 million after posting a loss in the year-ago period.
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Indianapolis Speedway exec wins Terre Haute nod

May 4, 2011
Associated Press
Democratic voters in Terre Haute have picked Indianapolis Motor Speedway executive Fred Nation to run against the city's incumbent Republican mayor this fall.
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Greenwood mayor rare incumbent to lose in area primaries

May 4, 2011
Four-term incumbent Charles Henderson was defeated, in part because of his plan to revitalize the city's downtown by destroying several historic buildings. Most other incumbent mayors in the Indianapolis metropolitan area were winners.
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Perry Township referendums pass, others fail

May 4, 2011
 IBJ Staff
Voters in the Metropolitan School District of Perry Township passed two referendums for increased school funding Tuesday night, but similar votes in Franklin Township and Avon failed.
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Auction services firm improves revenue, profit

May 4, 2011
 IBJ Staff
The parent company of the Adesa auto auction firm more than quadrupled its first-quarter profit on revenue that increased 5 percent.
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Ex-Indianapolis deputy mayor Kennedy wins primary

May 3, 2011
Associated Press
Former Indianapolis Deputy Mayor Melina Kennedy has easily won the city's Democratic mayoral primary and will face first-term GOP incumbent Greg Ballard in the November general election.
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J.D. Byrider sold to private equity firm

May 3, 2011
Scott Olson
The Indianapolis-based used-car chain has been acquired by Altamont Capital Partners near San Francisco, in a deal Byrider executives say will give the franchisor the necessary capital to grow.
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UPDATE: Republic Airways loses $22M on fuel, maintenance

May 3, 2011
 IBJ Staff and Associated Press
Indianapolis-based Republic Airways Holdings Inc. said it lost $22.4 million during the first quarter on higher fuel and maintenance costs.
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Verizon retirees coming to city to protest executive pay

May 3, 2011
 IBJ Staff
The Association of BellTel Retirees Inc. will press the board of Verizon Communications Inc. to tighten standards for executive pay when the New York company holds its annual meeting in Indianapolis this week.
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'Survivor' star looking for investors for casino game

May 3, 2011
Scott Olson
Rupert Boneham has created a casino table game and is searching for investors to help market it. A portion of the game's revenue will benefit his Indianapolis charity, Rupert's Kids.
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Duke Energy quarterly profit rises almost 15 percent

May 3, 2011
Associated Press
Duke Energy Corp.'s first-quarter earnings rose almost 15 percent on strong results from its international operations and lower corporate costs.
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School moving to vacant downtown building

May 3, 2011
Tom Harton
A small private school that serves gifted and talented students intends to move to a downtown building that has been vacant since a daycare center moved out three years ago.
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Watchdog: State agency heads colluded on gas deal

May 2, 2011
Chris O'Malley
Former Indiana Utility Regulatory Commission chief David Hardy and the state's then-finance director, Jennifer Alvey, improperly discussed the merits of a $6.9 billion contract the Indiana Finance Authority ultimately struck with operators of the Indiana Gasification plant proposed for Rockport, plant opponents alleged Monday.
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CNO Financial's first-quarter profits surge 59 percent

May 2, 2011
J.K. Wall
The Carmel-based life and health insurer earned $54 million, or 19 cents per share, topping the expectations of Wall Street analysts.
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FDA OKs new diabetes pill from Lilly, Boehringer

May 2, 2011
 IBJ Staff and Associated Press
The Food and Drug Administration says it has approved a new diabetes pill from Boehringer Ingelheim and Eli Lilly for patients who can't control their blood sugar with older medicines.
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Honda to cut production of new Civic, other models

May 2, 2011
Associated Press
Honda Motor Co. warned U.S. dealers Monday that it will run short of popular models such as the Civic compact later this summer because of parts shortages caused by Japan's earthquake.
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Indianapolis mayor challengers among primary hopefuls

May 2, 2011
Associated Press
Democrats will choose their candidate Tuesday to run against Indianapolis Republican Mayor Greg Ballard, while voters statewide pick nominees for city offices.
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Fee could feed $100M to hospitals

May 2, 2011
J.K. Wall
Indiana hospitals could pull in more than $100 million a year from the federal government under a new assessment fee included in the state’s 2011 budget bill.
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Economist: Expect boom in medical offices

May 2, 2011
J.K. Wall
Demand for medical office buildings is set to grow twice as fast as it was expected to in the next decade, thanks to the Patient Protection and Affordable Care Act.
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Business groups say legislative session among best

May 2, 2011
Francesca Jarosz
Victories include a reduction in corporate income taxes, an overhaul of the state’s unemployment insurance system, and the weakening of an immigration bill that initially resembled a controversial Arizona law.
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