News & Analysis

Court gives preliminary OK to WellPoint settlement

July 18, 2011
Associated Press
A California court has granted preliminary approval to a lawsuit settlement over an online security breach of health insurer WellPoint Inc.'s records.
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Daniels signs trade deal with Chinese province

July 18, 2011
Associated Press
Daniels signed the business cooperation agreement Monday with the leader of Zhejiang Province, located on the east coast of China south of Shanghai. The document pledges to develop further business links between Indiana and Zhejiang.
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Borders turns the final page, will close all stores

July 18, 2011
 IBJ Staff and Bloomberg News
The chain of bookstores will shutter its remaining 399 locations by September, including the few left in central Indiana. Company brass blame the changing book industry, eReader revolution, and turbulent economy.
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Not-for-profits vying with WellPoint may get $3.8B in loans

July 18, 2011
Bloomberg News
Not-for-profits that compete with insurers such as WellPoint Inc. are eligible for $3.8 billion in U.S. financing under the health law, and the government expects more than a third of the loans not to be repaid.
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Exchange could snag 1.1M Hoosiers

July 18, 2011
J.K. Wall
An estimated 1.1 million Hoosiers will obtain health insurance through a yet-to-be-created online exchange, according to the latest estimates from the task force guiding Indiana’s response to the 2010 health reform law.
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CBO: No great savings from health reform

July 18, 2011
J.K. Wall
Don’t expect the health reform law to tame health care costs. That’s the conclusion of the director of the Congressional Budget Office, who also suggested some of the simplest ways to moderate costs would be to roll back some of its key provisions.
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Loss of race long-term pain, but short-term gain for track

July 18, 2011
Anthony Schoettle
Officials for Lucas Oil Raceway in Clermont say ticket sales for July 30's NASCAR Nationwide race are up significantly since the July 6 announcement that the race will move to Indianapolis Motor Speedway next year.
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City ready to take down 1,100 abandoned homes

July 18, 2011
Francesca Jarosz
With the sale of its water and sewer utilities cleared by regulators, the city of Indianapolis is preparing to deploy $15 million to $25 million in funds from the deal into tearing down abandoned houses.
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YMCA, bike hub on track for City Market

July 18, 2011
Scott Olson
The bike hub is slated to open sometime next month, while a date of Sept. 7 has been set for the unveiling of the new YMCA. The facilities are part of an overall $3.5 million renovation to City Market.
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FDA says potential diabetes drug may cause cancer

July 18, 2011
Bloomberg News
Dapagliflozin would be the first in a new class of diabetes treatments called SGLT2-inhibitors that work by letting patients excrete excess blood sugar in their urine. Indianapolis-based Eli Lilly and Co. is among several companies pursuing similar drugs.
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Chefs become teachers as appetite grows for fresh, homemade mealsRestricted Content

July 16, 2011
Maria LaMagna
Locally and nationwide, interest in live cooking classes taught by chefs has grown. Many such classes have abandoned a traditional in-kitchen experience, opting instead for “destination” demonstrations featuring local ingredients.
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Developer tries 'pocket' neighborhood in CarmelRestricted Content

July 16, 2011
Cory Schouten
A veteran local homebuilder is tearing up the suburban residential playbook with a new project in Carmel that offers tightly spaced bungalows clustered around grassy courtyards.
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Notorious I-69 interchange slated for big upgradeRestricted Content

July 16, 2011
Chris O'Malley
Getting onto and off of Interstate 69 at the 116th Street exit has long been a nail-biting experience, but traffic planners are about to propose reconstruction to unplug the bottleneck.
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Bush Stadium rehab is Watson's latest creative projectRestricted Content

July 16, 2011
Katie Maurer
Longtime Indianapolis developer launches spirited attempt to save baseball palace.
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SHELLEY: Columbus architecture focus would work in IndianapolisRestricted Content

July 16, 2011
Jason Shelley
Imagine what could happen in Indianapolis if we adopted some of the principles Columbus has? Ensuring that every design has meaning and purpose. Creating structures that tell stories. Allowing designers to push the limits and take risks.
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Maker of singing coozie has deals with IU, Purdue, IowaRestricted Content

July 16, 2011
Anthony Schoettle
Cooler Conversations thinks it can penetrate the novelty items market with beverage sleeves that can play school fight songs or corporate messages when a drink is inserted.
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Carrier counts on new environmental regulations to drive salesRestricted Content

July 16, 2011
Kathleen McLaughlin
Carrier Corp.’s plan to invest $36.5 million in its Indianapolis plant hinges in part on how well consumers take to a new platform of high-efficiency furnaces.
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Riverview scoops up doctors from American Health NetworkRestricted Content

July 16, 2011
J.K. Wall
Nine family-practice doctors are set to leave their large physician group and join Noblesville's Riverview Hospital, more than tripling their revenue-generating potential.
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Investor boosts Just Marketing's pursuit of F1 businessRestricted Content

July 16, 2011
Anthony Schoettle
Motorsports marketing guru Zak Brown believes selling about a fourth of his business to a London-based company will help fuel his phenomenal growth in the sponsorship business of Europe's Formula One racing.
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More employers put faith in health savings accountsRestricted Content

July 16, 2011
J.K. Wall
Sizable Indianapolis companies like the Archdiocese of Indianapolis, consumer-ratings service Angie’s List, Marsh and Wilhelm Construction have switched to consumer-directed health plans. There’s some evidence nationally that the trend is set to accelerate.
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Merger of key airlines at Indianapolis grounds three flightsRestricted Content

July 16, 2011
Chris O'Malley
It's more difficult to get to New York LaGuardia and some other business hubs following the combination of Southwest Airlines and AirTran Airways.
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Attorneys to get big cut of $300K OmniSource settlement

July 15, 2011
Cory Schouten
An OmniSource executive says the company wouldn't have made the settlement with the Marion County prosecutor if it knew more than a third of the cash wouldn't be going to Indianapolis police for training programs.
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Consumer group accuses Duke of 'gross mismanagement'

July 15, 2011
Chris O'Malley
"Gross mismanagement" and improper communications with ex-regulatory chairman are among evidence in testimony to make Duke, rather than ratepayers, swallow major cost overruns at Edwardsport power plant.
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Jillian’s set to vacate ground floor of downtown building

July 15, 2011
Scott Olson
An unidentified restaurant and bar is set to sign a lease by Sept. 1 to assume the Meridian Street space Jillian's has agreed to relinquish as part of a lease dispute with its landlord. The entertainment complex will continue to operate on the second and third floors.
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INSIDE DISH: Meat-and-potatoes Murphy's makes subtle updates

July 15, 2011
Mason King
Dish_Murphys_watchvideoMurphy's Steakhouse may seem frozen in time, but owner Craig Stonebraker has expanded its footprint, revamped its menu and prepared for exterior upgrades.
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