News & Analysis

Indians renew TV deal for home games

March 30, 2011
 IBJ Staff
All 72 home games for the Indianapolis Indians are scheduled for broadcast on Comcast's Xfinity and Bright House Networks.
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Emmis gets additional year to repay debt

March 30, 2011
Scott Olson
Lender Canyon Capital Advisors LLC agreed to extend the maturity date on $182.9 million in senior bank debt from November 2013 to November 2014, giving Emmis additional breathing room to operate.
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Kroger plans $3.8 million school investment

March 30, 2011
 IBJ Staff and Associated Press
The Cincinnati, Ohio-based grocer announced Wednesday a new three-year, $3.8 million investment that will support library grants, schools and a literacy initiative across Indianapolis.
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Judge unseals some Fair Finance raid records

March 30, 2011
Greg Andrews
Still under wraps is the the FBI affidavit in support of the Fair Finance search warrant. Prosecutors contend releasing that "would greatly prejudice the criminal case."
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Hamilton, Boone counties among Indiana's healthiest

March 30, 2011
Associated Press
A new report says Hamilton and Boone counties are among the healthiest in Indiana, while Marion ranks among the worst.
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WellPoint gets vote of confidence

March 30, 2011
J.K. Wall
Health reform will make health insurance a less-profitable business, but WellPoint Inc. got a vote of confidence from bond analysts because health-reform rules have turned out milder than expected and WellPoint’s financial performance has been particularly strong as the economy recovers.
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Zimmer goes on offensive against lawyers

March 30, 2011
J.K. Wall
The Warsaw-based maker of orthopedic implants has filed suit to stop a Detroit-area law firm from making allegedly false claims and using its trademarks on websites designed to attract plaintiffs to sue Zimmer over one of its knee-replacement implants called NexGen.
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Q&A

March 30, 2011
J.K. Wall
Susan Rider is an employee-benefits account manager at Indianapolis-based Gregory & Appel Insurance. On July 1, she will become president of the Indiana State Association of Health Underwriters. She spoke about the first-year impact of the 2010 health reform law and further changes to come.
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Franciscan Alliance plans 84 jobs at Greenwood billing center

March 30, 2011
 IBJ Staff
The Mishawaka-based Franciscan Alliance plans to spend $8.4 million to open an administrative center in Greenwood, creating 84 jobs in the next four years.
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Indiana Senate panel may vote on smoking ban after all

March 29, 2011
Associated Press
Sen. Ron Alting, R-Lafayette, the chairman of an Indiana Senate committee, said he might call for a vote on the proposal at the Senate Public Policy Committee's April 6 meeting, but that he likely wouldn't allow any amendments.
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Illinois House votes to lift smoking ban at casinos

March 29, 2011
Associated Press
Tom Swoik, executive director of Illinois Casino Gaming Association, said gambling revenue has dropped 32 percent since the state's smoking ban was approved. He said the ban has cost state government about $800 million in taxes.
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Indiana House faces pressure to finish work on time

March 29, 2011
Associated Press
House Speaker Brian Bosma, R-Indianapolis, said the five week "vacation" by House Democrats means lawmakers may have to work on Fridays and Saturdays. He said representatives would go with little sleep and eat sandwiches and pizza while working at their desks if necessary to get work done.
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Indiana Senate approves marriage amendment

March 29, 2011
Associated Press
The Indiana Senate on Wednesday overwhelmingly OK'd a proposed amendment to the state constitution that would ban gay marriage and civil unions.
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New York firm wins Steak n Shake ad account

March 29, 2011
Indianapolis-based restaurant chain selects Kirshenbaum Bond Senecal & Partners as agency of record for its $18 million advertising account, ending about two years of uncertainty surrounding its marketing efforts.
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Inflation worries push consumer confidence lower

March 29, 2011
Associated Press
Shoppers' worries about juggling rising gas and food prices and other household costs pushed the Consumer Confidence Index down sharply in March.
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ITT shares plunge on competitor's enrollment woes

March 29, 2011
 IBJ Staff and Bloomberg News
Shares of Carmel-based ITT Educational Services Inc. fell as much as 6.8 percent Tuesday morning after the largest player in its industry reported a 45-percent plunge in new-student enrollment.
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Indiana budget faces hundreds of possible changes

March 29, 2011
Associated Press
More than 330 proposed amendments to the state budget bill were listed online as of Monday night, and Republican House Speaker Brian Bosma said more are pending.
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Whitestown interchange lands $8M travel plaza

March 29, 2011
Cory Schouten
A growing distribution hub anchored by Amazon.com and MedcoHealth Solutions along Interstate 65 in Boone County has inspired plans for an $8 million truck stop and travel plaza.
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Fair Finance trustee renews call for return of political donations

March 28, 2011
Cory Schouten
The trustee in the Fair Finance bankruptcy has renewed a call for recipients of political contributions from accused Ponzi schemer Tim Durham to return the tainted cash after a federal grand jury indicted Durham on 12 felony counts.
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Another suit filed in Emmis, financier dispute

March 28, 2011
Emmis Communications Corp. is accusing Alden Global Capital, which once backed Emmis CEO Jeff Smulyan's attempt to take the company private, of violating the "short-swing rule." This is the third suit involving the parties since Smulyan called off the move last year.
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Bank seeks to foreclose on Polo Club restaurant

March 28, 2011
The south-side steakhouse is named in lawsuit stemming from a $1 million loan made to the former owners of a Steak & Ale restaurant at the location on South East Street.
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Former Irwin CEO takes helm of New York foundation

March 28, 2011
 IBJ Staff
William I. Miller, the former CEO of Irwin Financial Corp., which went bankrupt in 2009, is joining The Wallace Foundation of New York as its president.
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Remy International files plans for public offering

March 28, 2011
Associated Press
Pendleton-based manufacturer Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, has filed plans to raise up to $100 million through an initial public stock offering.
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Indiana seeks to become player in cargo flights

March 27, 2011
Associated Press
The state nicknamed the "Crossroads of America" wants to become a preferred landing spot for cargo planes, but industry leaders say Indiana could have a tough time attracting flights from neighboring states because many airports are competing for the same business and freight companies are resistant to change.
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As Japan shutdowns drag on, auto crisis worsens

March 27, 2011
Associated Press
In the weeks ahead, car buyers will have difficulty finding the model they want in certain colors, thousands of auto plant workers will likely be told to stay home, and companies such as Toyota, Honda and others will lose billions of dollars in revenue.
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