News & Analysis

$40M prison work program helps inmates, businessesRestricted Content

November 24, 2008
Whitney Lee

If you've ever cooked a hamburger over a grill at Shakamak State Park, sat in a hospital waiting room chair, or sipped from a water fountain, you may have used products made by Indiana convicts. Although offender work programs have been around since the 1920s, most Hoosiers know little about the Indiana Department of Correction's prison-based industries, which generate $40 million a year in revenue.

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Central Indiana colleges on alert to slow spendingRestricted Content

November 24, 2008
J.K. Wall
Most colleges and universities in central Indiana are being especially frugal because the value of their university endowments has plunged along with the market,donations may decrease, and enrollment may decline, due to lack of student loan availability.
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Green Mountain entrepreneur compiles 17-percent stake in struggling Noble Roman's

November 24, 2008
Cory Schouten
Robert P. Stiller, a lifelong entrepreneur who built Green Mountain into a wholesale coffee giant with 7,000 customers and $500 million in revenue, owns 3.4 million shares, or 17 percent of the Noble Roman's company.
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Automotive Finance Corp. writes off $162 million, reflecting slow auto salesRestricted Content

November 24, 2008
Chris O'Malley
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles at auction, to take a big write-off on the declining value of its loan portfolio.
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Siegel's NASCAR future in doubt after mergerRestricted Content

November 24, 2008
Anthony Schoettle
Chip Ganassi's NASCAR team is teaming with Dale Earnhardt Inc. where Max Siegel has served as president of global operations since early 2007, and the former Baker & Daniels attorney may be among many laid off in the merger.
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Self-serve chili could help Charlie & Barney's grow nationallyRestricted Content

November 24, 2008
Sam Stall
Charlie & Barney's is quietly expanding into unorthodox niches, placing its product in unusual places — like convenience stores.
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Indiana's new superintendent of public instruction ready to tackle challengesRestricted Content

November 24, 2008
Scott Olson
Tony Bennett, Indiana's new superintendent of public instruction, says his priorities include restoring discipline to the classroom, recruiting topnotch teachers and adequately compensating them, increasing the percentage of education dollars spent directly on instruction, and reducing regulations so schools can focus more on student instruction.
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Butler turns around flagging MBA programRestricted Content

November 24, 2008
Scott Olson
Butler University's MBA program — once at risk of being eliminated — has been revamped to include more real-life professional experiences, and enrollment has increased 63 percent.
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Despite recession, small businesses support charityRestricted Content

November 24, 2008
Kathleen McLaughlin
In the Indianapolis area, small-business owners told IBJ that they give in whatever way they can, and would like to continue as long as their finances allow. But a Chronicle of Philanthropy survey indicates that giving is already on the decline.
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Hospitals seek mergers to save costsRestricted Content

November 17, 2008
J.K. Wall
Marion County hospital systems anticipate more mergers, possibly with each other.
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Humane Society woos animal-right welfare communityRestricted Content

November 17, 2008
Kathleen McLaughlin
John Aleshire, the executive director of the Humane Society of Indianapolis, is rolling out policies that please animal advocates.
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Dreyer & Reinbold adds Maserati luxury lineRestricted Content

November 17, 2008
Chris O'Malley
In the midst of one of the worst financial markets in decades, Dennis Reinbold has launched Maserati of Indianapolis at his Dreyer & Reinbold BMW Infiniti-Mini complex on the north side.
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Steak n Shake seeks younger customersRestricted Content

November 17, 2008
Cory Schouten
Steak n Shake hopes to create buzz with its new marketing plan targeting youth.
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MacAllister awarded for service to community

November 17, 2008
Sam Stall
P.E. MacAllister has helped turn Indianapolis into a culturally vibrant city.
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Obama win buoys backers of pro-union measureRestricted Content

November 17, 2008
Peter Schnitzler
Proposed national legislation that simplifies business unionization is more likely to be adopted during the Obama administration, experts agree.
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California's Blue Real Estate establishes local presenceRestricted Content

November 17, 2008
Cory Schouten
Blue Real Estate, a California firm that made a bundle selling West Coast office buildings at the market's peak, has been buying up local buildings and trying to learn the Indianapolis market.
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Former Conseco director liable for some unpaid stock loansRestricted Content

November 17, 2008
J.K. Wall
Dennis E. Murray Sr. was declared liable in October by U.S. District Court Judge Larry J. McKinney for at least some of the millions of dollars he borrowed to buy Conseco stock in the late 1990s.
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Greenfield trying to grow post-secondary presence to aid economic developmentRestricted Content

November 17, 2008
Chris O'Malley
If certain people in Hancock County have their way, one of the fastest-growing new industries here could be adult education.
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Holiday promotional campaign helps Indianapolis venues boost their attendanceRestricted Content

November 17, 2008
Scott Olson
The 12 Free Days of Indy Christmas promotion runs through Dec. 24 and gives patrons of several city destinations the opportunity to enjoy them without the cost.
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IU study looks into future of Orange County tourismRestricted Content

November 17, 2008
Scott Olson
Professors at Indiana University's Department of Recreation, Park and Tourism Studies are conducting an analysis of new tourism attractions in Indiana's Orange County.
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Hoosier Energy hit with $120M claim from John HancockRestricted Content

November 10, 2008
Chris O'Malley
An electric co-op supplying power to customers in 48 central and southern Indiana counties could face a perilous spike in its financial load following a $120 million claim against it by insurance giant John Hancock Life Insurance Co.
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Indianapolis Motor Speedway ponders hotel, moving museumRestricted Content

November 10, 2008
Anthony Schoettle
Indianapolis Motor Speedway officials are in talks to move their Hall of Fame Museum from the interior of the oval to a spot just outside the south end of the track, an area that could also house a new Speedway hotel.
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Indiana supports first Democratic president in 44 yearsRestricted Content

November 10, 2008
Peter Schnitzler
For the first time in more than 40 years, Indiana helped elect a Democratic president.
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DBSI, an Idaho company with Indiana properties, faces class-action suitRestricted Content

November 10, 2008
Cory Schouten

DBSI, an Idaho real estate firm with 250 properties worth $2 billion faces a class-action suit. Some of its properties and investors are in Indianapolis.

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Indianapolis Airport opening good news for local PR, hospitality firmsRestricted Content

November 10, 2008
Chris O'Malley
In the last two months, the Indianapolis Airport Authority board has approved spending at least $850,000 toward grand-opening parties for the new airport terminal and events in the form of contracts with caterers, event planners and public relations firms.
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