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News & Analysis
Steak n Shake plans 20-1 reverse stock split
December 15, 2009
Cory SchoutenThe Steak n Shake Co., in an unusual gambit, plans to initiate a reverse stock split that would reduce its number of shares
outstanding from almost 29 million to just 1.4 million and boost its per-share price from roughly $12 to $240.
More$60M Lilly Endowment grant to fund IU physician research
December 15, 2009
Peter SchnitzlerIndiana University, which has received nearly $600 million from the endowment over the last three decades, will leverage the
new gift to increase its
scientific discoveries and commercialize life science innovations.
MoreConseco offering new shares at $4.73 apiece
December 14, 2009
J.K. WallCarmel-based insurer hopes to raise $234 million through public offering.
MoreIUPUI seeking funds from CIB to renovate Natatorium
December 14, 2009
Scott OlsonIUPUI says it needs about $15 million to renovate the aging Natatorium swimming complex and wants the city's Capital Improvement
Board to fund part of the expense.
MoreStill hoping to sell securities, Fair Finance seeks extension
December 14, 2009
Greg AndrewsTim Durham's Fair Finance Co. says it needs another 30 days to provide Ohio regulators with a mountain of documents
they requested relating to insider loans and other issues.
MoreFormer Visteon plant lined up for Carbon Motors
December 14, 2009
Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy
judge authorized auto-parts maker Visteon Corp. to sell a closed plant to the city for $500.
MoreSupreme Court rejects Indiana's appeal of Chrysler sale
December 14, 2009
IBJ Staff and Associated PressThe justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker's
bankruptcy proceedings.
MoreLilly wins approval for long-acting Zyprexa
December 14, 2009
J.K. WallOnce-a-month injection of best-selling drug will have patents that could extend until 2018.
MoreLocal home builder placed in receivership
December 14, 2009
Scott OlsonA receiver appointed to manage the assets of financially troubled Hansen & Horn Group Inc. will recommend whether the Indianapolis-based
home builder should remain in business.
MoreIndiana weighs changes to combat out-of-state casinos
December 13, 2009
Associated PressState lawmakers are weighing possible changes to state gambling laws at a time when growing competition from out-of-state
casinos threatens to cut into business at Indiana's 11 riverboat casinos.
MoreObama reforms not necessarily dire for Sallie Mae in Indiana
December 12, 2009
J.K. WallThe plan to nationalize the federal student loan program threatens to force Sallie Mae
to hack its network of 26 offices down to five. Yet the company's Indiana operations have several advantages that could
help weather the cuts.
MoreStout's Shoes still in step after 123 years
December 12, 2009
Brock BenefielAfter more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just
surviving. It also is proceeding with plans to open
a store next year on the city’s north side.
MoreFederal filing lists another link between Brizzi, Durham
December 12, 2009
Greg AndrewsA federal financial-disclosure statement Brizzi submitted in May lists the politician as an investor in Red Rock Pictures
Holdings Inc., a film-development firm also backed by Durham.
MoreCash-strapped mayors may tap owners of tax-exempt property
December 12, 2009
Kathleen McLaughlinA group of mayors led by Tom Henry of Fort Wayne and Greg Ballard of Indianapolis is seeking new sources of revenue to replace
the millions they’ll lose because of property tax caps.
MoreBasketball tournament expansion could pay off for NCAA
December 12, 2009
Anthony SchoettleThe NCAA might expand its annual men’s tournament from the current three-week, 65-team format
to one featuring an added week and a whopping 96 teams. Proponents of the plan say it will generate a bigger
television rights-fee deal for the not-for-profit NCAA, which disperses 95 percent of the income to member institutions.
MoreEspresso Book Machine could open new pages in local retailing
December 12, 2009
Gabrielle PoshadloThe pricey Espresso prints and binds books while customers wait. But retailers aren't sure what to expect when the the machine
gains wider acceptance.
MorePlainfield's MD Logistics sued by Bristol-Myers over lost insulin
December 12, 2009
Chris O'MalleyTwo semi-trailers of the medication were stolen in 2007 from a back lot at Daum Trucking, which isn't named in the lawsuit.
Bristol-Myers charges MD Logistics with negligence in the $10.7 million suit.
MoreFledgling motorsports show growing faster than expected
December 12, 2009
Anthony SchoettleThe show held in Indianapolis Dec. 3-4 is picking up speed much faster than event organizers and local
convention and tourism officials expected. But the nation’s biggest motorsports trade show, Performance
Racing Industry Show, is considering competing with the local show head-on in 2010.
MoreHoosier Energy avoids financial brownout
December 12, 2009
Chris O'MalleyHoosier Energy, which supplies electricity to customers in 48 counties in central and southern Indiana, has settled a dispute
that had threatened to plunge the utility into bankruptcy.
MoreHoliday Wish List
December 12, 2009
IBJ StaffHere is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
MoreGeneral Growth deal would extend Simon's mall dominance
December 12, 2009
Cory SchoutenWall Street analysts have described the potential sale of Chicago-based General Growth Properties as a “once-in-a-lifetime
opportunity” for a company to make “the deal of the decade” in the shopping-mall business.
MoreWidow aspires to continue operating Burd Ford
December 12, 2009
Norm HeikensChris Burd still unsure why husband, Rich Burd, owner of Burd Ford, committed suicide. Burd was an auto dealer in Lawrence.
MoreGreenfield chain makes gas stations a family affair
December 12, 2009
Marc D. AllanIn high-turnover industry of gas stations and convenience stores, Greenfield-based GasAmerica builds loyalty under the guidance
of CEO Stephanie White-Longworth.
MoreFair Finance press release leaves investors hanging
December 11, 2009
Greg AndrewsThe statement says the company anticipates reopening its loan-collection arm, but offers no assurances to the Ohio investors
it owes.
MoreDormir acquires two sleep companies
December 11, 2009
J.K. WallCarmel firm using $12 million in venture capital for buying spree is now nation's second-largest operator of sleep centers.
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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.