News & Analysis

Efroymson hands off leadership at iMOCA

July 29, 2011
Kathleen McLaughlin
The founder of the museum of contemporary art, who has worked for the organization unpaid since 2009, presided over a move that doubled its size.
More

Duke ignored water issue at Indiana plant, consultant says

July 29, 2011
Chris O'Malley
Utility officials waited seven months to act on hazardous water concerns during construction of its costly Edwardsport plant and banked on winning an exemption, which the EPA later denied.
More

Economy growing at slowest pace since recession

July 29, 2011
Associated Press
The economy expanded at a meager 1.3-percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday. The combined growth for the first six months of the year was the weakest since the recession ended two years ago.
More

Dry streak becoming worrisome for Indiana farmers

July 29, 2011
Associated Press
Central Indiana is on pace for perhaps its driest July on record, with the state's eastern half already in low-level drought conditions.
More

INSIDE DISH: 'Edibles' team returns with moveable feast

July 29, 2011
Mason King
Dish_Duos_WatchVideoBecky Hostetter and her husband, David, are applying lessons learned from the implosion of Essential Edibles to their new health-conscious food trailer, Duos.
More

Police, health department busted by state environmental cops

July 29, 2011
 IBJ Staff
The Indiana Department of Environmental Management says an inspection of the State of Indiana Forensic and Health Sciences Lab found open jugs of hazardous materials during an inspection.
More

Northeastern Indiana auto parts maker laying off 175

July 29, 2011
Ficosa North America will sideline workers beginning in September as the company consolidates mirror production and prepares the plant to make other products.
More

Democrats appeal Indiana elections chief decision

July 29, 2011
Associated Press
Indiana Democrats on Thursday appealed a decision allowing embattled Republican Secretary of State Charlie White to stay in office while he fights voter fraud charges.
More

Experts tell state panel marijuana prohibition has failed

July 28, 2011
Associated Press
A state panel heard from a parade of experts Thursday as it began studying whether to legalize marijuana in Indiana or reduce criminal penalties on small amounts of the drug.
More

Dynasty trusts let wealthy escape estate, gift taxes forever

July 28, 2011
Bloomberg News
Carmel financial executive among those who plan to shield millions of dollars in a dynasty trust, so it can be passed on to multiple generations of descendants while paying as little in taxes as possible.
More

Lenders attempting to foreclose on Broadbent headquarters

July 28, 2011
Scott Olson
Huntington National Bank and PNC Bank claim they are owed roughly $25 million on loans related to Broadbent Co.'s purchase and renovation of a building on East Washington Street downtown.
More

Indiana tourism effort honors famed course designer Dye

July 28, 2011
Scott Olson
The Pete Dye Golf Trail includes seven public courses chosen by Dye: Brickyard Crossing, The Fort Golf Resort, Maple Creek Golf & Country Club, Plum Creek Golf Club, Mystic Hills Golf Club, Kampen Course and the Pete Dye Course at French Lick.
More

St. Vincent plans 200 jobs for Fishers expansion

July 28, 2011
The hospital system said it will expand its Medical Center Northeast facility to a 40-bed inpatient hospital. Construction is set to begin in September and should be completed by December 2012.
More

Duke Realty suffers loss on lower revenue

July 28, 2011
The Indianapolis-based real estate investment trust said it lost $29 million in its latest quarter, compared with a loss of $42.4 million in the same time frame a year earlier.
More

Celadon reports best 4th quarter in 5 years

July 28, 2011
 IBJ Staff
Celadon Group Inc. put together its best fourth fiscal quarter since 2006, with earnings doubling over the same period a year ago, to $5.5 million.
More

Crown Royal signs on as Brickyard 400 title sponsor

July 28, 2011
Anthony Schoettle
Sources say the deal is worth about $15 million over five years—a much-needed boost for Indianapolis Motor Speedway officials struggling to stop attendance declines at the NASCAR race.
More

Health care use trend may temper premium hikes

July 27, 2011
Associated Press
Consumers may catch a little break when their health insurance policies renew. Lower-than-expected use of health care has helped push insurer earnings higher and that may temper how much they increase premiums.
More

CNO Financial sees quarterly profit soar, beating expectations

July 27, 2011
J.K. Wall
The Carmel-based life and health insurer earned $59.5 million in the three months ended June 30, an increase of 80 percent from the same period a year ago.
More

Work starting on $8.8M center at Crane tech park

July 27, 2011
Associated Press
Gov. Mitch Daniels joined local officials for a groundbreaking ceremony Wednesday for the $8.8 million center for the WestGate at Crane Technology Park. The 64,000 square-foot, two-story building will include training classrooms and office space.
More

Junior Achievement back in black after financial woes

July 27, 2011
Kathleen McLaughlin
The not-for-profit announced Wednesday morning that it has eliminated nearly $2 million in debt from six different creditors and has launched a fundraising campaign.
More

Angel investment firm adds 3rd chapter for life sciences

July 27, 2011
Chris O'Malley
Moralez_watch_videoStepStone Business Partners has added a chapter in biotech hotbed Warsaw as part of what it hopes will eventually become a statewide network.
More

Dow AgroSciences reports record sales, higher earnings

July 27, 2011
Second-quarter revenue for the Indianapolis-based company increased 18 percent, to $1.5 billion. The company attributed the gain to higher prices and stronger demand for its products.
More

WellPoint profit falls but exceeds Wall Street expectations

July 27, 2011
J.K. Wall
Indianapolis-based WellPoint earned $702 million in the latest quarter after earning $722 million a year ago. It also raised its full-year profit forecast.
More

Prospects bright for Borders replacements

July 26, 2011
Cory Schouten
Brokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate, opting for locations near concentrations of affluent and educated consumers.
More

State commerce chief backs right-to-work law

July 26, 2011
Associated Press
Indiana's chief economic development officer told state lawmakers Tuesday that Indiana has lost deals to attract businesses because it lacks a right-to-work law.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
ADVERTISEMENT