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News & Analysis
Tax credit helps boost area home sales 20 percent
November 10, 2009
Scott OlsonA federal tax credit that benefits first-time homebuyers is helping to bring home sales in the nine-county Indianapolis area
out of their funk.
MoreBargersville wins annexation dispute with Greenwood
November 10, 2009
Kathleen McLaughlinThe Town of Bargersville won a legal dispute Monday that will allow it to annex 739 parcels within three miles of Greenwood's
city limits and become the exclusive sewer-service provider in the area.
MoreAir Force awards Rolls-Royce $8.5 million contract
November 10, 2009
Rolls-Royce Corp. said Monday that the U.S. Air Force has awarded its Indianapolis operations an $8.5 million contract to
provide spare engine parts for the C-130J military transport aircraft.
MoreAdesa parent turns profit on lower revenue
November 10, 2009
Carmel-based KAR Auction Services Inc. on Monday said the company turned a profit in the third quarter, although revenue decreased
slightly.
MoreCouncil resurrects workplace smoking ban proposal
November 10, 2009
IBJ StaffTwo weeks after reaching a stalemate on a proposal that would broaden the city's workplace smoking ban, City-Council
Council members voted Monday night to resurrect the measure.
MoreFrozen-food firm plans to add 350 jobs at New Albany plant
November 10, 2009
IBJ StaffNew Albany-based Kemper Foods International LLC announced Tuesday morning that it will expand its food-production center in
southeast Indiana, creating more than 350 new jobs by 2012.
MoreVan Rooy scoops up troubled complex
November 10, 2009
Tom HartonVan Rooy Properties plans to spend $5.5 million renovating a 277-unit west side apartment complex that it acquired a month
ago in an unusual deal.
MoreNoble Roman's reports profit despite lower revenue
November 10, 2009
Andrea Muirragui DavisIndianapolis-based Noble Roman's Inc. said late Monday that it posted a third-quarter profit of $459,535, or 2 cents per share—a
44-percent improvement over the same period last year. But revenue for the quarter fell to $1.9 million, from $2.2 million
in 2008.
MoreDuke Realty's chief operating officer resigns
November 9, 2009
IBJ Staff and Associated PressIndianapolis-based Duke Realty Corp. announced Monday that its chief operating officer will leave the company at the end of
the year.
MoreMajor stock indexes climb to yearly highs
November 9, 2009
Associated PressMajor stock indexes rose as much as 2 percent, including the Dow Jones industrial average, which jumped 203 points.
MoreCIB may accept $27 million state loan after all
November 9, 2009
Scott OlsonThe Indianapolis Capital Improvement Board likely will accept a state loan providing $27 million over three years to help
shore up its fragile financial situation.
MoreCIB finances improving, though concerns remain
November 9, 2009
Scott OlsonApproaching the end of 2009, Indianapolis' cash-strapped Capital Improvement Board is on much more solid financial footing.
MoreArcadia adds Goldsmith to board, seeks $11M in offering
November 9, 2009
J.K. WallIndianapolis-based Arcadia Resources Inc. has added former Indianapolis Mayor Steve Goldsmith to its board and plans to raise
$11.1 million in a registered direct stock offering.
MoreSupreme Court to hear gambler's suit
November 8, 2009
Associated PressThe Indiana Supreme Court will hear arguments this week on whether an Ohio River casino should have allowed a compulsive gambler
to play and lose $125,000 in a single night.
MoreIndiana voters trending against schools in tax votes
November 7, 2009
Associated PressIndiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last
week's referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic
times.
MoreAllen Plaza developer bullish on downtown, eager for next project
November 7, 2009
Cory SchoutenJ. Greg Allen sees the $14 million Allen Plaza renovation as a message to city leaders that he intends to leave
a lasting mark on downtown.
MoreStruggling Bioanalytical Systems adds outsider to board
November 7, 2009
Peter SchnitzlerShareholders are starting to make inroads in their effort to turn struggling West Lafayette-based Bioanalytical Systems
Inc. in a new direction.
MoreCatholic-owned builder edges into Indianapolis
November 7, 2009
Norm HeikensWhen Sisters of St. Francis Health Services Inc. bought Tonn and Blank Construction Co. in 1998, more
than one employee of the Michigan City firm wondered what it would be like to be run by a Roman Catholic
order that not only owned a string of Midwestern hospitals but also traced its spiritual heritage to
a 12th century mystic.
MoreSpeaker-maker Klipsch making noise in earphone niche
November 7, 2009
Kathleen McLaughlinMaking money in earphones will require higher sales volumes, but Klipsch CEO Fred Klipsch thinks there are plenty more consumers
left for his company to tap.
MoreIUPUI mulling options for old Wishard Hospital site
November 7, 2009
J.K. WallThe most obvious use for the old Wishard site is an expansion of the Indiana University School of Medicine, particularly for
medical research space, university administrators said.
MoreIURC conducts review of Centennial's telecom service
November 7, 2009
Chris O'MalleyEvery neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the
most unusual: a very public fight over the adequacy of its phone, Internet and video service.
MoreCritics: NCAA's reselling of suites out of sync with scalping ban
November 7, 2009
Anthony SchoettleLucas Oil Stadium suite holders are upset that the NCAA is taking their luxury boxes for the men’s basketball Final
Four
in April and reselling them on the secondary—or scalpers—market.
MoreHorizon League wins acclaim for its Web-based sports network
November 7, 2009
Anthony SchoettleHorizon League Commissioner Jon LeCrone never envisioned himself getting into the television business. But that
changed in 2004 when he saw a Butler University women’s basketball game being aired on a laptop computer.
MoreSestertii Solar leasing panels to make solar power more affordable
November 7, 2009
Chris O'MalleyThe electricity they generate may be free, but most home- and business-owners can’t justify the upfront cost of solar
panels. A price tag of $25,000 to $50,000 for a modest system puts the cost close to luxury car territory.
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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!