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News & Analysis
St. Francis sues OrthoIndy over new surgery center
December 30, 2009
Peter SchnitzlerLegal complaint alleges new $20 million facility in Greenwood breaches partnership deal struck in 2001.
MoreWould-be buyer: Durham double-dipped on Duesenberg deal
December 30, 2009
Andrea Muirragui DavisTim Durham struck a deal to sell a vintage Duesenberg for $1 million before auctioning off the same vehicle for $2.9 million,
according to the small-town Michigan mayor who said he agreed to buy it.
MoreUpgrade money for former coke plant goes to community projects
December 30, 2009
Staff ReportCitizens Energy Group is redirecting to community groups more than $413,000 that it was to spend on environmental upgrade
projects at its former coke oven facility in Indianapolis, which closed in 2007.
MoreAssessor predicts 2010 property tax bills will be on time
December 30, 2009
Peter SchnitzlerIndianapolis property tax bills, paid in two installments due in May and November, should be sent without delay for the first
year since
2006.
MoreMark Patrick hired by WNDE to replace JMV
December 29, 2009
Anthony SchoettleMark Patrick has been hired to replace JMV as the afternoon drive-time host on sports-talk station WNDE-AM 1260, heating up
the battle with cross-town rival WFNI-AM 1070.
MoreRadio station WNTR-FM launches interactive format
December 29, 2009
Anthony SchoettleWNTR-FM 107.9 has scrapped "The Track" format and tries new approach with an emphasis on listener requests.
MorePNC battling to keep NatCity's private banking business
December 29, 2009
Scott OlsonPNC Financial is still digesting its $5.6 billion acquisition of National City Corp., but a quiet fight almost certainly
is under way over its lucrative private banking clients.
MoreStifel, Rokita reach settlement in auction-rate securities case
December 28, 2009
Peter SchnitzlerAgreement accelerates Stifel's repayment of $54 million in auction-rate securities sold to 142 Hoosier investors.
MoreLocation, personal touch drive tasting room growth
December 28, 2009
Andrea Muirragui DavisUpland Brewing Co. and Chateau Thomas Winery are broadening their use of tasting rooms, opening outlets far from their production
facilities in hopes of attracting new customers.
MoreEstate tax confusion leaving family businesses in limbo
December 26, 2009
Peter SchnitzlerFederal estate taxes are set to expire next year, but increase in 2011. Confusion is leaving family businesses like Greenwood-based
Byrd Enterprises in limbo. Vice President Jonathan Byrd II is still sorting through the aftermath of his father's August death.
MoreFair Finance's past gave investors, regulators false comfort
December 26, 2009
Greg AndrewsThe Akron company had been meeting its obligations for decades before Tim Durham acquired it seven years ago.
MoreExpected flurry of charity mergers fails to materialize
December 26, 2009
Kathleen McLaughlinObservers offer various explanations for the lack of mergers, including that staff and budget cuts have left many not-for-profits
without the manpower or time for due diligence.
MoreVonnegut's kin back local memorial library
December 24, 2009
Kathleen McLaughlinThree of Kurt Vonnegut's children are working with local fans of the famed author to open a memorial library
in Indianapolis.
MoreTo keep sales force busy, Lilly takes on new drug
December 24, 2009
J.K. WallEli Lilly and Co. has bought the rights to co-market a new cholesterol-fighting drug in the U.S., giving it a third heart
drug for sales personnel
to push.
MoreIndiana, Michigan library groups merge to cut costs
December 24, 2009
The Indiana Cooperative Library Services Authority, known as ICOLSA, has merged with the Michigan Library Consortium to form
the Midwest Collaborative for Library Services.
MoreBank buys part of property targeted for Fishers water park
December 24, 2009
Scott OlsonA high-profile piece of land in Fishers that is part of a proposed hotel and water park project has been bought by the bank
that foreclosed upon it.
MoreOmnicity continues wireless broadband acquisition spree
December 24, 2009
Chris O'MalleyOmnicity makes seventh acquisition since going public in February. The Rushville company aims to be nation's largest wireless
broadband provider in rural markets.
MoreTrustee chooses $20.5 million Buckingham plan for old YMCA
December 23, 2009
Cory SchoutenThe Center Township Advisory Board has picked Buckingham Cos. to redevelop a 2-acre property it owns
at 860 W. 10th St. near the IUPUI campus.
MoreInsurance company rejects Steak n Shake takeover bid
December 23, 2009
Cory SchoutenA small Michigan insurer has rejected an acquisition bid from The Steak n Shake Co., describing the offer as a "hostile takeover
attempt."
MoreDurham firm departing top floor of Chase Tower
December 23, 2009
Greg AndrewsTim Durham's Obsidian Enterprises Inc. plans to vacate the top floor of the state's tallest building next month, real
estate sources say.
MoreIndiana banker meets with Obama, Geithner
December 23, 2009
Peter SchnitzlerMark Schroeder, CEO of Jasper-based German American Bancorp, was one of just 12 community bankers who talked shop Tuesday
with the president and Treasury secretary.
MoreCash-flush Finish Line likely to open new stores
December 23, 2009
Scott OlsonWith an improved balance sheet and $150 million in its pocket, the athletic-gear retailer is looking at new locations and
improving its online shopping hub.
MoreElkhart County OKs tax break for electric car maker
December 23, 2009
IBJ Staff and Associated PressHard-hit Elkhart County could become home three electric vehicle manufacturers if a Norwegian company chooses northern Indiana
as the site for a new factory.
MoreInvestors cheer Senate bill while WellPoint cries foul
December 23, 2009
J.K. WallExemption for not-for-profit health plans could saddle WellPoint with nearly $2 billion a year in new taxes.
MoreCollege cuts will favor some schools over others
December 23, 2009
Associated PressThe Indiana Commission for Higher Education said state colleges and universities need to find new ways to be efficient—without
new tuition hikes—to cope with spending cuts ordered by Gov. Mitch Daniels.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!