News & Analysis

Mayoral foe: Utilities sale money should fund 'human capital'

July 22, 2011
Francesca Jarosz
Democratic mayoral candidate Melina Kennedy unveiled a proposal Friday to set aside $150 million in proceeds from the sale of the city's water and sewer utilities to fund early education, crime prevention and job training.
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Pacers: Lockout won't sting employees, ticket holders

July 22, 2011
Anthony Schoettle
The Indiana Pacers don't plan to lay off staff, and they are promising to pay ticket holders cash, plus interest, if any NBA games are canceled during the upcoming season due to the lockout.
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Plans progress for once-doomed City Market west wing

July 22, 2011
Scott Olson
Directors of the historic building on Thursday approved a proposal to use the west wing for office space, and as the home of the Indy Winter Farmers Market.
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Indiana's unemployment rate ticks up to 8.3 percent

July 22, 2011
 IBJ Staff
After remaining stagnant in April and May, the state's jobless rate rose one-tenth of a point in June.
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Tech consultant Allegient plans expansion, 42 jobs

July 22, 2011
 IBJ Staff
Carmel-based IT consultant Allegient LLC plans to grow its central Indiana operations, adding as many as 42 jobs over the next five years.
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Pro-voucher mom defends Indiana choice program

July 21, 2011
Associated Press
A woman who says her oldest child thrived in Roman Catholic schools after struggling in Indiana's public education system defended the state's broad new voucher law.
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States cut programs to help poor cool their homes

July 21, 2011
Associated Press
Many states hit hardest by this week's searing heat wave have drastically cut or entirely eliminated programs that help poor people pay their electric bills, forcing thousands to go without air conditioning when they need it most.
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Judge: Durham’s home-detention restrictions to continue

July 21, 2011
Scott Olson
A federal judge denied a request from indicted financier Tim Durham to relax the rules of his home detention. The judge also appointed a public defender for his business partner, James F. Cochran.
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Lilly stock rises after drugmaker reports higher sales

July 21, 2011
Investors responded favorably Thursday to Eli Lilly and Co.’s surprisingly strong second-quarter revenue, even though its profit fell due to rapid spending on marketing and research.
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UPDATE: Medco acquisition could lead to local consolidation

July 21, 2011
 IBJ Staff and Bloomberg News
It’s not yet clear how Express Scripts Inc.’s $29.1 billion acquisition of rival Medco Health Solutions will affect the companies’ central Indiana operations—or their 800-plus employees at two facilities here.
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Pfizer won’t break up animal unit for potential Lilly bid

July 21, 2011
Bloomberg News
Pfizer Inc., the world’s biggest drugmaker, said it isn’t interested in breaking up its animal health unit after Indianapolis-based Eli Lilly and Co. expressed interest in buying some of its products.
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Borders liquidation another blow to retail real estate

July 21, 2011
Bloomberg News
Borders Group Inc.’s proposed liquidation will increase available U.S. retail space by about 6.3 million square feet as the industry struggles with near-record vacancy rates and stagnant rents.
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ITT Educational continues enrollment, profit slide

July 21, 2011
 IBJ Staff
In the second quarter, the Carmel-based operator of for-profit colleges saw enrollment drop 19.9 percent and profit sink 17.7 percent. But the company posted strong earnings per share by continuing to buy back shares.
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Lilly profit falls, but forecast rises after second quarter

July 21, 2011
J.K. Wall
Second-quarter profit fell at Eli Lilly and Co., but the Indianapolis drugmaker beat the estimates of Wall Street analysts by a penny per share and raised its full-year profit forecast by as much as 10 cents per share.
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Emmis' local radio stations get big lift from new ratings system

July 20, 2011
Anthony Schoettle
During the quarter ended May 31, ratings at Emmis Communications' four local stations greatly outpaced other stations in the market.
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Skillman gives $1M to Center Grove schools

July 20, 2011
Scott Olson
In exchange for donating $1 million to Center Grove schools so athletes don't have to pay a new participation fee, local auto dealer Ray Skillman gets to post advertising signs on several athletic facilities, scoreboards and concession stands.
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LEADING QUESTIONS: Pacers' new coach preaches overachieving

July 20, 2011
Mason King
LQ_Vogel_WatchVideoWhy base the team's identity on a scene from "Rocky"? Is he soft on discipline? What "stupid human tricks" can he perform? Frank Vogel has answers.
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PNC Financial quarterly earnings top expectations

July 20, 2011
Associated Press
PNC Financial, which has 88 Indianapolis-area branches, reported a nearly 13-percent increase in second-quarter earnings, as the regional bank set aside far less money to cover bad loans.
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Primary care gets a new approach: prevention

July 20, 2011
Associated Press
A budding model for primary care that encourages the family doctor to act as a health coach who focuses as much on preventing illness as on treating it has shown promising results and saved insurers millions of dollars.
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Birth control coverage required in U.S. health plan

July 19, 2011
Health insurers led by WellPoint Inc. would be required to cover birth control pills and devices at no cost to patients under the recommendation of a top U.S. scientific advisory board. .
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Lugar going on TV early in 2012 Senate race

July 19, 2011
Associated Press
Republican U.S. Sen. Richard Lugar is attacking President Barack Obama and showing himself with former President Ronald Reagan in his first campaign ad in what will likely be a tough re-election contest.
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Indiana AG won't appeal immigration ruling

July 19, 2011
Associated Press
Indiana Attorney General Greg Zoeller says he won't appeal a federal judge's decision to temporarily block part of a new state immigration law but will continue to fight against a ruling that would make the ban permanent.
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Former federal prosecutor plans run against Burton

July 19, 2011
Associated Press
Susan Brooks announced Tuesday she will challenge Dan Burton in the May 2012 Republican primary to represent Indiana's 5th District.
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IUPUI track stadium dodges wrecking ball

July 19, 2011
Anthony Schoettle
The Michael A. Carroll Track and Soccer Stadium, which school officials considered demolishing a few years ago, is getting a face-lift that includes a new $1.2 million infield surface.
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Irvington scores Ossip, set for streetscape project

July 19, 2011
Tom Harton
The Irvington retail trade area stands to get a big boost from two projects set to begin this fall: Ossip Optometry’s renovation of a historic building and a $2.9M makeover of East Washington Street designed to make the business district a draw for pedestrians.
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  4. The question is, where could they build a new stadium? It seems in the past year, all the prime spots have been spoken for with potential projects. Maybe in the industrial wasteland area a block past Lucas Oil? I think it needs to be close to the core, if a new stadium is built.

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