News & Analysis

State unemployment rate drops to 8.8 percent

March 25, 2011
The February decline marks the first time the state's jobless rate has been below 9 percent since December 2008. Still, the state lost 1,600 private-sector jobs and 6,300 government jobs in February.
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Brightpoint settles lawsuit with vendor

March 25, 2011
Scott Olson
The distributor of wireless phones agreed to drop its complaint, which accused a Massachusetts software provider of fraud and negligence in addition to breaching its agreement and warranty.
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Butler University to close 102-year-old dance academy

March 25, 2011
 IBJ Staff
Butler University said Thursday that it plans to close its Jordan Academy of Dance due to economic reasons. The academy, which has more than 200 students, ages 3-17, will shut down May 31.
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Finish Line reports rise in quarterly earnings, sales

March 25, 2011
Associated Press
The Indianapolis-based retailer earned $34.3 million in its fiscal quarter, compared with $30.6 million a year ago. Revenue rose 2.7 percent, to $384.6 million.
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No breakthrough in talks to end Indiana House walkout

March 24, 2011
Associated Press
Legislators from both parties threw cold water Thursday on optimism about a breakthrough ending the month-long boycott by Indiana House Democrats.
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Indiana incomes rose in 2010 despite jobless rate

March 24, 2011
Associated Press
A new federal report shows that Indiana residents' personal income grew last year at one of the fastest rates in the nation.
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Pentagon issues 90-day stop-work order on GE-Rolls engine

March 24, 2011
Bloomberg News
The U.S. Defense Department on Thursday directed General Electric Co. and Rolls-Royce Group Plc to halt work on a second engine for the F-35 Joint Strike Fighter until there is more explicit direction in the fiscal 2012 budget.
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UPDATE: City lures new convention chief

March 24, 2011
Chris O'Malley
The Indianapolis Convention & Visitors Association has hired Leonard Hoops, executive vice president for the San Francisco Travel Association, to replace Don Welsh as its new president and CEO.
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New convention chief impressed with Indianapolis' vision

March 24, 2011
Chris O'Malley
An executive headhunter had been dogging Leonard Hoops for years about various career opportunities around the country. He always dismissed the leads—until recently, when he was told about the CEO vacancy at the Indianapolis Convention and Visitors Association.
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Luna Music closes Mass Ave. store

March 24, 2011
Scott Olson
Closure leaves locally owned independent record shop with one location, in Meridian Kessler, as the industry struggles to compete with digital downloading.
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Indiana bill enhances rural areas for young entrepreneurs

March 24, 2011
Scott Olson
A bill signed by Gov. Mitch Daniels will create a type of auction among rural communities for young entrepreneurs graduating from some universities in the state.
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LEADING QUESTIONS: Startup a study in quick growth

March 23, 2011
Mason King
LQ_Bohlsen_Watch_videoVicki Bohlsen explains how her solo PR firm with $25,000 in seed money grew to 14 employees with $780,000 in revenue in one year.
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Smoking bill needs exemptions to survive Senate

March 23, 2011
Associated Press
Health advocates will have to live with wide exemptions in a proposed statewide smoking ban because a stricter, more comprehensive ban wouldn't be able to pass the conservative Senate, the head of a Senate committee said.
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Indiana House leaders meet over Democratic boycott

March 23, 2011
Associated Press
The leader of the boycotting Indiana House Democrats returned to the Statehouse on Wednesday for what he called a "very positive" meeting with Republican House Speaker Brian Bosma.
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Colts-themed restaurant in works in betting parlor space

March 23, 2011
 IBJ Staff
A South Florida restaurateur has plans to open a Indianapolis Colts-themed restaurant in Claypool Court, a retail and hotel center near Circle Centre mall downtown.
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Durham's ex-wife explains bond for indicted financier

March 23, 2011
Scott Olson
Joan SerVaas issued a written statement saying she and her father signed off on a $1 million bond because they're confident Tim Durham will continue to cooperate with federal authorities and abide by the conditions of his release.
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Formstack stuck in suit by Oklahoma tech firm

March 23, 2011
Chris O'Malley
Online form builder says a lawsuit from Tulsa-based MacroSolve Inc. against it and three other tech firms is without merit.
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Panel backs Indiana gay marriage ban amendment

March 23, 2011
Associated Press
The Senate Judiciary Committee advanced the amendment on a 7-3 party line vote Wednesday, with Republican senators rejecting arguments that language prohibiting civil unions could threaten the ability of employers to offer domestic partner benefits.
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Altum’s staying put at current west Carmel location

March 23, 2011
Scott Olson
The nursery on Michigan Road had planned to move to a smaller piece of land about four miles north, but hasn't found a buyer. Kroger nixed a deal to buy its property last fall.
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Self-funded plans draw small-firm interest

March 23, 2011
J.K. Wall
In the face of new health reform restrictions, expect more small employers to opt for self-funded health benefits, concludes a report this week from Indianapolis-based United Benefit Advisors.
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Health insurers diversify away from regulations

March 23, 2011
J.K. Wall
One year after President Obama signed the health reform overhaul, health insurers are buying less-regulated companies in a bid to offset the lower profits and growth they expect the law to cause.
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IT firm sets up shop in Carmel, plans to hire 100

March 23, 2011
Tech firm Intact Integrated Services has moved its North American headquarters to Carmel, where it plans to add as many as 100 jobs by 2015, state economic development officials announced Wednesday morning.
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Boycott reaches 30 days for Indiana House Democrats

March 22, 2011
Associated Press
A legislative stalemate in Indiana reached a political milestone on Tuesday as House Democrats stayed away from their jobs for a 30th consecutive day in what now ranks among the longest Statehouse boycotts in recent U.S. history.
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Indiana schools chief says education changes needed

March 22, 2011
Associated Press
State-funded vouchers for private schools and a shift of money to charter schools are necessary steps in the effort to improve Indiana's education system, the state schools superintendent said Tuesday.
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Brightpoint stock sinks on proposed AT&T deal

March 22, 2011
 IBJ Staff and Bloomberg News
Brightpoint Inc. stock slumped more than 15 percent Monday after AT&T Inc. announced a $39 billion agreement to buy T-Mobile USA from Deutsche Telekom AG. It continued to slip Tuesday morning.
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