News & Analysis

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.
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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.
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ISTA says new teacher contract forms violate state law

July 26, 2011
Associated Press
The Indiana State Teachers Association is asking a judge to block state education officials from putting new teacher contract forms for the 2011-2012 school year into use.
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Indiana University, Ball State presidents get big raises

July 26, 2011
Associated Press
Two Indiana college presidents will see their bottom lines improve this fall as their universities boost their annual salaries by more than 10 percent.
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Nearly 100 Indiana post offices to undergo review

July 26, 2011
Associated Press
The financially-troubled U.S. Postal agency announced Tuesday that it will study more than 3,600 offices, branches and stations throughout the nation for possible closing.
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Conservancy installs turbines at eco-friendly HQ

July 26, 2011
Chris O'Malley
Wind turbines, a rare sight downtown, have finally been added to The Nature Conservancy's high-profile building on Ohio Street.
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Upland Brewing plans Bloomington expansion

July 26, 2011
Associated Press
Upland Brewing Co. expects to spend $3 million to buy, renovate and equip a former RCA Thomson warehouse, more than doubling its brewing capacity.
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Interactive Intelligence revenue, profit rises

July 26, 2011
The Indianapolis business-communications software firm reported second-quarter revenue of $52 million, up 34 percent from the same period last year. Profit grew 26 percent, to $6.3 million.
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Simon Property results improve as U.S. retail sales advance

July 26, 2011
Bloomberg News
Indianapolis-based Simon Property Group Inc. said funds from operations rose 20 percent in the second quarter as rents and occupancies increased. The company raised its forecast for the year.
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Manufacturer plans 400 jobs in Allen County

July 26, 2011
 IBJ Staff
Iowa-based R3 Composites Corp. plans to establish a manufacturing center in the northeast Indiana town of Grabill, creating as many as 400 jobs by 2014.
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UPDATE: Players vote to OK deal to end NFL lockout

July 25, 2011
Associated Press
The NFL Players Association executive board and 32 team reps have voted unanimously to approve the terms of a deal to the end the 4½-month lockout.
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WellPoint insures two-thirds of Hoosier workers

July 25, 2011
J.K. Wall
Indianapolis-based WellPoint claimed 63 percent of all employees covered by small-group employers and 66 percent of the workers at large-group employers, according to Seattle-based actuarial firm Milliman Inc.
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Despite sales spike, Effient has middling prospects

July 25, 2011
J.K. Wall
Remember Effient? The blood thinner that was once Eli Lilly and Co.’s greatest post-Zyprexa hope and then, after a slow launch, was dismissed as an abject failure? Well, it’s turning out to defy both predictions.
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Housing agency buying its building for $2.1M

July 25, 2011
Scott Olson
The City-County Council's Metropolitan Development Commission is set to hear a proposal Monday evening to allow IHA to purchase its headquarters building at 1919 N. Meridian St.
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Intermodal cargo operation springs up near old airport terminal

July 25, 2011
Chris O'Malley
Keystone Terminals is positioning itself to take advantage of a much-hoped-for increase in intermodal activity just down the tracks.
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Inspections find fewer Indiana underage alcohol sales

July 25, 2011
Associated Press
State inspections found Indiana's bars, restaurants and liquor stores doing a much better job of not selling alcohol to underaged Hoosiers.
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Military accounting firm closing; 84 jobs lost

July 25, 2011
Virginia-based Kearney & Co., an accounting firm that provides financial services for the federal government, will close its office at the Defense Finance and Accounting Services Center on the east side, resulting in the loss of 84 jobs.
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Indiana electric car company gets new owner

July 25, 2011
 IBJ Staff and Associated Press
Think North America, a company that has been making electric cars at a northern Indiana factory, has a new owner, giving local officials more confidence in its future.
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Ball State outsources management of $160M endowment

July 24, 2011
Bloomberg News
Wall Street's Perella Weinberg Partners LP took over at the beginning of July.
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IU Health name change means business for tech firmsRestricted Content

July 23, 2011
Chris O'Malley
Clarian Health’s recent rebranding to Indiana University Health has been good business for at least three companies in Indianapolis’ so-called measured-marketing sector. Such firms help a company overhaul its website and make changes to the “tweetosphere” and other social media channels.
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Teach for America to double presence in IndianapolisRestricted Content

July 23, 2011
J.K. Wall
The New York-based not-for-profit, which opened shop in Indianapolis in 2008, plans to train 100 teachers in the summer of 2012, up from 50 this year.
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Homegrown firm creates stir with Bloody Mary mix

July 23, 2011
Andrew Smith
Hoosier Momma Bloody Mary mix started 18 months ago and already is a profitable entity available in 350 locations and six states. This month, Hoosier Momma expanded into Kentucky, thanks to a deal with national distribution giant Southern Wine and Spirits.
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Indianapolis eyes TIF surplus to shore up city coffersRestricted Content

July 23, 2011
Francesca Jarosz
The city is considering ways to channel money captured for economic development in some of its 22 tax-increment-financing districts to units such as libraries and city-county government.
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Partner pay up at local law firmsRestricted Content

July 23, 2011
Scott Olson
Partners at Indianapolis’ three largest law firms—Barnes & Thornburg LLP, Baker & Daniels LLP and Ice Miller LLP—are enjoying healthy pay increases despite the tough economic times.
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City poised to rebrand, revamp Georgia Street

July 23, 2011
Cory Schouten
Community and business leaders are considering whether to change the name of a three-block portion of Georgia Street as part of a $12 million streetscape overhaul.
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