News & Analysis

Organic food company with big plans cutting jobs

November 30, 2010
Associated Press
Really Cool Foods, which started operations in eastern Indiana two years ago with plans for hiring 1,000 workers, now has about 200 after a round of layoffs this week.
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CNO Financial looking to refinance bank loans

November 30, 2010
J.K. Wall
The Carmel-based life and health insurer says it has started discussions with a group of lenders about refinancing $652.1 million in debt.
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WRTV names new general manager

November 30, 2010
 IBJ Staff
Larry Blackerby, a 30-year television veteran, has been picked to replace long-time WRTV-TV General Manager Donald Lundy, parent company McGraw-Hill Broadcasting announced Tuesday.
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Historic downtown building poised for overhaul

November 30, 2010
Tom Harton
DLZ Indiana closed in September on the century-old building at 157 E. Maryland St. and plans to spend nearly $2.3 million renovating it.
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Logistics provider moves to city’s northwest side

November 30, 2010
FitzMark Inc. relocates to space on Zionsville Road to accommodate growth, much of it resulting from the launch of an online subsidiary called FreightCity Inc.
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$26.8M military deal revs local Rolls-Royce operation

November 30, 2010
 IBJ Staff
Rolls-Royce Corp.’s Indianapolis operations continue to cash in on military contracts, scoring a $26.8 million deal to provide 12 spare engines for the Osprey tilt-rotor aircraft.
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Coaching search gives Hoosiers uncertain future

November 29, 2010
Associated Press
The new coach, whomever it is, will become the school's sixth since 1996 — more than any other Big Ten school. He will take over a team that has only three Big Ten wins over the past three years and just ended a 12-game losing streak against conference foes and a 15-game losing skid against league opponents away from Bloomington.
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Judge denies motion to dismiss school funding suit

November 29, 2010
Associated Press
Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools say the school formula violates the state constitution's requirement for "general and uniform" public education funding because districts get different per-pupil amounts.
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Indiana voter turnout up nearly 4 percent from 2006

November 29, 2010
Associated Press
Figures released Monday by the Indiana secretary of state's office show that about 1.79 million Hoosiers cast ballots for the Nov. 2 election.
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Digital textbook startup moving to Indiana

November 29, 2010
J.K. Wall
Encompass Media LLC, run by Indianapolis native Scott Watanabe, projects rapid growth for digital textbooks.
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Storage-unit auctions not so ‘strange’ anymore

November 29, 2010
Scott Olson
Cable television shows have helped drive the popularity of storage-facility auctions, and an Indianapolis man who conducts the sales is witnessing the trend firsthand.
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Cost of '12 Days of Christmas' items soars 10.8 percent

November 29, 2010
Associated Press
Trying to buy the items repeated in the song's verses would cost $96,824—10.8 percent more than last year due to rising gold prices and higher pay for nine dancing ladies.
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Indiana resists call for renewable energy mandates

November 28, 2010
Associated Press
The state is one of only 14 nationwide without a renewable energy standard, according to the Pew Center of Global Climate Change.
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State still issuing water permits under controversial, old rules

November 28, 2010
Associated Press
More than three years after sparking an uproar by issuing BP a permit allowing it to discharge more pollution from its Whiting refinery, Indiana is still issuing permits under the same problematic set of rules that played a role in that 2007 controversy.
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Production firm turns out TV shows without leaving state

November 27, 2010
Sam Brattain
Indiana-based MMY Productions, an independent production company that specializes in reality TV, is working on a new show that chronicles action at Terre Haute's Crossroads Raceway.
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Indiana medical students opt for specialties, not family practice

November 27, 2010
Scott Olson
Interest in primary care has fallen off markedly due partly to relatively low pay.
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Med school students share their stories

November 27, 2010
Scott Olson
Five students at Indiana University School of Medicine contemplate whether to opt for family practice or a specialty.
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Health reform tripping up Indiana wellness incentiveRestricted Content

November 27, 2010
J.K. Wall
Federal health reform will trump an Indiana law that allows health insurers to offer steep discounts to employers with healthy workers and which institute aggressive wellness programs, but experts say other provisions will motivate small firms.
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AHLRICHS: Turn health reform into pragmatic answersRestricted Content

November 27, 2010
Health reform entrepreneurship could brand Indiana as productive, healthy place for employers to operate.
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Raidious aims to feed online marketing beastRestricted Content

November 27, 2010
Chris O'Malley
Upstart firm helps its clients meet onerous content demands of social media, other online marketing channels.
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St. Francis-WellPoint deal is a sign of the timesRestricted Content

November 27, 2010
J.K. Wall
St. Francis, which operates three Indianapolis-area hospitals, and WellPoint, the giant health insurer, announced this month that they have agreed to jointly form an accountable care organization.
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Retail giants hope to cash in on local flavor

November 27, 2010
Cory Schouten
National retailers from Macy’s to Walmart, Best Buy to Lowe’s—brands built on national scale and buying in bulk to lower costs and muscle out competitors—are offering a new proposition to customers: Help us become more local.
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Men's basketball still a cash cow at IURestricted Content

November 27, 2010
Anthony Schoettle
Despite its serious ills since 2007, Indiana University basketball remains a national power—at least financially. The men’s basketball program ranked No. 8 among all NCAA Division I schools in revenue generation during the 2008-2009 season.
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Brightpoint takes over s2f after big growth plans fizzleRestricted Content

November 27, 2010
Chris O'Malley
Minority-owned logistics firm s2f Worldwide, started a year ago with high-profile investors and tax incentives in tow, has been acquired by Brightpoint Inc. The deal closed about three weeks ago, said former s2f CEO Randall Lewis.
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Senior staffer settles retaliation lawsuit with IMARestricted Content

November 27, 2010
Kathleen McLaughlin
A longtime senior manager at the Indianapolis Museum of Art has retired—the result of a settlement in a retaliation lawsuit she filed earlier this month.
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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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