News & Analysis

U.S. says new rules would cut thousands of coal jobs

January 26, 2011
Associated Press
The Obama administration's own experts estimate their proposal for protecting streams from coal mining would eliminate thousands of jobs and slash production across much of the country
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Sony moving 150 jobs to Terre Haute plant

January 26, 2011
Associated Press
A plant closing in New Jersey will result in 150 jobs moving to Sony DADC's factory in Terre Haute.
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Bren Simon fires attorneys in estate dispute, appeals ruling

January 26, 2011
Cory Schouten
Bren Simon is poised to replace her outside legal team in favor of a heavy hitter from Chicago as she appeals two courtroom setbacks in Hamilton County.
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Scholarship bill raises questions about minors on campus

January 26, 2011
Francesca Jarosz
As Indiana lawmakers ponder a bill that would give high school students an incentive to graduate early, state university leaders are bracing for the possible impact—an influx of minors onto their campuses.
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Bill advances to set 40 as Indiana's alcohol ID age

January 26, 2011
Associated Press
The bill would change a much-ridiculed law that took effect last summer requiring everyone — regardless of age — to be carded for carryout alcohol.
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Emmis still facing NASDAQ-delisting danger

January 26, 2011
Scott Olson
After an eight-day trading stretch in which its shares traded above $1 each, Emmis stock fell to 97 cents on Tuesday, below an important NASDAQ exchange threshhold.
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LEADING QUESTIONS: Inside the mind of Scott Jones

January 26, 2011
Mason King
LQ_JOnes_WatchVideoDid the serial entrepreneur really "invent" voice mail? What's his tie to "Dr. Dunkenstein"? Why is lemonade so crucial? The CEO of ChaCha Search has answers.
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Cat Logistics to lay off 84 in Greenfield

January 26, 2011
 IBJ Staff
Caterpillar Logistics Inc. plans to permanently lay off 84 employees from a facility in Greenfield, where it handles distribution services for Irwin Industrial Tools.
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Life sciences to drive Purdue's next decade of building

January 26, 2011
J.K. Wall
Over the past 10 years, Purdue University has built Discovery Park into a thriving research and business incubation center, launching more than 30 companies and hosting dozens more. Now Purdue will spend more than $164 million to construct a Life and Health Sciences Quadrangle next to Discovery Park.
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Q&A

January 26, 2011
J.K. Wall
Chris Sears is a health care and employee-benefits attorney at Ice Miller LLP in Indianapolis. He spoke about how employers are sizing up health insurance reforms that hit in 2014, which would set up government-subsidized insurance as a new option for workers but also would penalize most employers if they stop sponsoring employee health benefits.
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Lilly product gets boost; Wall Street yawns

January 26, 2011
J.K. Wall
Eli Lilly and Co. probably will get approval for its newly acquired imaging agent used to diagnose Alzheimer’s disease, but so far analysts are unimpressed.
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WellPoint profit better than analyst estimates

January 26, 2011
Bloomberg News, J.K. Wall
Excluding special charges, WellPoint’s profit fell 2 percent to $524.7 million in the fourth quarter from $536 million in the fourth quarter of 2009. But earnings per share improved thanks to stock buybacks.
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Cummins sells exhaust business to Global Tube

January 25, 2011
Associated Press
Cummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company of the Chicago-based private equity firm Wind Point Partners.
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State senator: Should Indiana legalize marijuana?

January 25, 2011
Associated Press
Sen. Karen Tallian, D- Portage, is sponsoring a bill that would direct the criminal law and sentencing study committee to examine Indiana's marijuana laws next summer and come up with recommendations.
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Illinois governor responds as states try to poach jobs

January 25, 2011
Associated Press
Gov. Pat Quinn has a message for New Jersey Gov. Chris Christie and officials from other states trying to lure jobs from Illinois: Back off.
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Indiana House OKs bill to ban texting while driving

January 25, 2011
Associated Press
Indiana drivers would not be allowed to send or read text messages on mobile phones under legislation that cleared the Indiana House on Tuesday.
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Celadon sees quarterly rise in profit, revenue

January 25, 2011
 IBJ Staff
The Indianapolis-based trucking company reported revenue of $133.1 million, up 4.6 percent from the same quarter of 2009. Profit rose to $2.9 million from $1 million.
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Committee explores ways to reduce government

January 25, 2011
Francesca Jarosz
Charging not-for-profits for government services, eliminating certain paper records and trimming how much counties pay to mental-health institutions are among the ways local officials say the cost of government could be reduced.
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Auction of superhero memorabilia nets $70,000

January 25, 2011
Scott Olson
The mementos were owned by Fishers collector Dane Nash, who operated the American Super Heroes Museum downtown.
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Ritter’s Frozen Custard franchisees reopening stores

January 25, 2011
Scott Olson
As a new owner revamps the Ritter's business plan, at least four of the frozen custard stands in the area have either opened or are set to reopen in the same locations where they previously operated.
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State’s unemployment rate declines to 9.5 percent

January 25, 2011
The decline marks the third straight month that Indiana's unemployment rate has fallen, but private-sector jobs actually dropped in December.
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Brenwick turns over commercial sales, leasing at Village of West Clay

January 25, 2011
Tom Harton
Ambrose Property Group, a commercial leasing and development company headed by former Duke Realty Corp. broker Aasif Bade, took over for Brenwick, which is primarily a residential developer, at the beginning of the year.
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Head of Lilly's oncology unit resigning

January 25, 2011
John H. Johnson has been hired as CEO by East Brunswick, N.J.-based biotechnology company Savient Pharmaceuticals Inc.
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Remy International considering stock offering, CEO says

January 24, 2011
Bloomberg News
Pendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering a public offering of its stock this year, CEO John Weber says.
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State lawmakers to take on unemployment insurance

January 24, 2011
Associated Press
Businesses with a history of laying off employees would pay more in unemployment insurance costs, and workers in industries where layoffs occur regularly would receive lower benefits under a bill Indiana lawmakers are preparing to take up.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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