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News & Analysis
USA Track & Field CEO doubles budget, pushes reforms
December 19, 2009
Anthony SchoettleDoug Logan is shaking up the sport and hopes to add more events, which could pay off for Indianapolis.
MoreDelphi to add 190 jobs in Kokomo
December 18, 2009
IBJ StaffDelphi Corp. brought some good news to the beleaguered city of Kokomo on Friday, announcing plans open a production facility
there, creating about 190 jobs by 2014.
MoreCamaro to pace Indianapolis 500 again
December 18, 2009
Anthony SchoettleThe 2010 Chevrolet Camaro SS will be the official pace car for next May's Indianapolis 500. It'll be the sixth time a Camaro
has paced the race.
MoreBuilding trades leaders flock to Wishard meetings
December 18, 2009
IBJ StaffHundreds of potential contractors turned out for informational meetings this week about construction work on a new Wishard
Memorial Hospital.
MoreIndiana's unemployment rate slips to 9.6 percent
December 18, 2009
Scott OlsonIndiana's unemployment rate ticked downward in November, falling to 9.6 percent, the Indiana Department of Workforce Development
said Friday morning.
MoreHoosier biz groups oppose Senate health bill
December 18, 2009
J.K. WallGroup presidents tell Indiana senators that the reform bill would expand dysfunctions of current health care systems.
MoreGeneral Growth says it will consider acquisition offers
December 18, 2009
IBJ Staff and Associated PressGeneral Growth Properties, the Chicago mall owner that Indianapolis-based Simon Property Group Inc. is interested in buying,
said the company will consider all offers and may sell shares to the public to raise capital.
MoreCity ready to award new golf contracts
December 18, 2009
Kathleen McLaughlinIndianapolis Mayor Greg Ballard's administration has chosen five local contractors to run 12 municipal golf courses for
the next 10 years, and expects to get $6.3 million in capital improvements out of the deal.
MoreUPDATE: Airport OKs $325,000 in 'betterment' projects
December 18, 2009
Chris O'MalleyIndianapolis' new $1.1 billion airport terminal faces at least two nagging functionality issues: inadequate protection during
inclement weather at the second-level passenger drop-off platform and sunlight that floods the ticket lobby, making computer
screens hard to read.
MoreAtlanta dates set for former Indy tennis event
December 17, 2009
IBJ Staff and Associated PressAs first reported by IBJ on Nov. 28, the men's tennis event that is leaving Indianapolis is heading to Atlanta, the
ATP confirmed.
MoreNewspapers seek to unseal Durham search warrants
December 17, 2009
Greg AndrewsDaily newspapers on Thursday filed a motion seeking to unseal search warrant documents related to the federal investigation
of Indianapolis businessman Tim Durham and Akron, Ohio-based Fair Finance Co.
MoreNew CIB membership nearly set
December 17, 2009
Scott OlsonMarion County Commissioners reappointed Doug Brown on Thursday morning to the Indianapolis Capital Improvement Board, leaving
only one seat open on the nine-member panel whose financial troubles this year have elevated its profile.
MoreBrightpoint pays $31M for distribution facility
December 17, 2009
Cory SchoutenLocally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility
in Plainfield.
MoreConseco shoots for $222M in stock offering
December 17, 2009
IBJ Staff and Associated PressThe company plans to use at least $150 million to repay debt under its senior credit agreement. The remaining proceeds will
be used for general corporate purposes.
MoreLocal funeral home operator interested in troubled Memory Gardens
December 16, 2009
Scott OlsonIndianapolis-based Wilson St. Pierre Funeral Service & Crematory is one of two companies that have emerged as potential
suitors of the embattled Memory Gardens Management Corp.
MoreNew BioCrossroads venture fund raises $58 million
December 16, 2009
Peter SchnitzlerThe new INext fund is the successor to the $73 million Indiana Future Fund, which the life science initiative raised in 2003.
MoreSenate rejects drug-importation proposal
December 16, 2009
IBJ Staff and Associated PressThe U.S. Senate voted down a plan Tuesday to allow Americans to import prescriptions from abroad, handing drug makers
such as Indianapolis-based Eli Lilly and Co. a victory.
MoreCummins engine business president stepping down
December 16, 2009
IBJ Staff and Associated PressEngine maker Cummins Inc. said the head of its engine business is leaving his role in March to pursue other projects at
the company. Jim Kelly joined the company in 1976 and was promoted to president of the engine business in
2005.
MoreBig Ten Conference ready to explore expansion
December 15, 2009
IBJ Staff and Associated PressAccording to a statement released Tuesday afternoon, the Big Ten Council of Presidents/Chancellors "believes that the timing
is right for the conference to once again conduct a thorough evaluation of options for conference structure and expansion."
MoreNew president elected for Indiana AFL-CIO
December 15, 2009
Associated PressNancy Guyott is the first woman to be president of the Indiana AFL-CIO.
MoreSpeedway slashes schedule of May activities
December 15, 2009
Anthony SchoettleBelt tightening for the Indianapolis Motor Speedway and Indy Racing League continues with the much-anticipated announcement
that the Brickyard's "month of May" activities will be shortened in 2010.
MoreUPDATE: Steak n Shake plan makes 'perfect sense' to investment pro
December 15, 2009
Scott Olson, Cory SchoutenThe Steak n Shake Co.’s unusual plan to initiate a reverse stock split has the support of at least one local investment
adviser,
if in fact the company’s CEO is attempting to model it after Warren Buffett’s holding company, Berkshire Hathaway.
MoreIT firm officially announces plans to create 200 jobs
December 15, 2009
Scott OlsonExecutives from BC Forward, Indianapolis’ largest computer consulting firm, said Tuesday the company will get even bigger,
with the addition of 200 jobs by 2012.
MoreBinford group plots next steps in retail revival
December 15, 2009
Tom HartonThe commercial area at 71st Street and Binford Boulevard is recovering from its funk, but a true transformation hinges on
implementing a master plan.
MoreHurco posts quarterly, yearly losses
December 15, 2009
The company attributed its losses to the ongoing global recession and the credit crunch that has made it difficult for businesses
to obtain financing to purchase Hurco's products.
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Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.
Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!
Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.
As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.
Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.