News & Analysis

Greenfield apartment market heats up with sales, development activity

October 26, 2010
Tom Harton
The Hancock County community is drawing interest because of recent hiring in the area and a strong population of seniors.
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American Commercial Lines sued over $777M buyout bid

October 26, 2010
Bloomberg News
Officials of Jeffersonville-based American Commercial and private-equity firm Platinum Equity LLC structured the $33-a-share offer in a way that unfairly bars other bids for the shipping company, American Commercial shareholder Leonard Becker said in his lawsuit.
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City-County Council approves 2011 budget

October 25, 2010
 IBJ Staff
The CIB's $73.1 million budget, which included a $10 million payment to the Pacers for the operation of Conseco Fieldhouse, passed by a 15-14 vote.
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NCAA tackles agents issue, looks to new sanctions

October 25, 2010
Associated Press
Several groups are working with the NCAA to find new ways to enforce rules prohibiting improper agent-related benefits for student-athletes, including possible post-NCAA financial penalties that reach into a player's potential NFL career.
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Grand jury indicts OmniSource for racketeering

October 25, 2010
 IBJ Staff
A Marion County grand jury has returned an eight-count indictment against OmniSource Corp., accusing the metal recycling powerhouse of racketeering and receiving stolen property. Company president Mark Millett called the allegations "unfounded."
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WellPoint dismisses highly paid subsidiary CEO

October 25, 2010
Associated Press
Last year, Dijuana Lewis earned a $650,000 salary as one of the insurer's highest paid executives and received a $200,000 bonus in part for helping to lead the sale of the NextRx subsidiary to Express Scripts Inc. for about $4.68 billion.
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Recovery from Schrenker likely to be only 7 percent

October 25, 2010
Associated Press
A report by the receiver appointed to document Marcus Schrenker's assets says he just doesn't have enough money to repay investors more than that.
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Defunct ATA Airlines awarded $66M in FedEx lawsuit

October 25, 2010
Chris O'Malley
An Indianapolis jury has returned a $65.9 million verdict against Memphis-based FedEx in a breach-of-contract lawsuit brought in 2008 by now-defunct ATA Airlines.
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Female engineers appeal discrimination ruling

October 25, 2010
Kathleen McLaughlin
Two female engineers who pursued a gender-discrimination case against Rolls-Royce Corp. for the past four years intend to appeal a judge's decision in the company's favor.
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GOP could gain quorum in state Senate election

October 25, 2010
Mary Dieter
Indiana Senate Democrats, long considered the last bastion of liberal thought in state government, are in danger of becoming politically irrelevant after the Nov. 2 election—something they say would disenfranchise nearly 2 million Hoosiers who live in their districts.
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Some council members still unsure about CIB budget

October 25, 2010
Francesca Jarosz
The Capital Improvement Board’s controversial spending plan will face its final trial Monday night as the City-County Council takes up the city’s $1.1 billion budget for next year.
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Local Raytheon operation lands $47M Army contract

October 25, 2010
 IBJ Staff
Raytheon Technical Services Co. in Indianapolis won a $47 million deal to make infrared systems for U.S. Army armored vehicles, continuing a string of sizable military contracts it has scored this year.
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N.Y. attorney general sues FedEx over driver status

October 25, 2010
Bloomberg News
The Memphis, Tenn.-based company, which has a distribution hub in Indianapolis, says its contract-driver model is legal and was approved for tax purposes by the U.S. Internal Revenue Service in 1994.
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Indiana will spend $77 million to reduce impact of new I-69

October 23, 2010
Associated Press
Environmentalists not impressed, say state is doing the minimum to comply with federal law.
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Old-school costume shop survives new competition

October 23, 2010
Sam Brattain
Costumes by Margie isn’t a strip mall box store full of packaged—and disposable—costumes for sale. The shop has a variety of clothing and accessories for rent and a staff, including owner Cheryl Harmon, ready to help put together whatever disguise a customer can dream up.
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Farmland sales go flat in suburban Indianapolis

October 23, 2010
Scott Olson
The real estate bust and a drought in transactions make values all but impossible to gauge.
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Builder's lakeside home defies rustic expectationsRestricted Content

October 23, 2010
Katie Maurer
Sparse interiors, vast windows and thoughtfully placed artwork define the look and feel of the Sundstrom home. Their minimalist approach gives top billing to the view and natural surroundings that originally persuaded the couple to relocate.
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Indianapolis-area experts see bright spots amid ongoing real estate weaknessRestricted Content

October 23, 2010
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ Power Breakfast.
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Prospects for City Market brightening at lastRestricted Content

October 23, 2010
Francesca Jarosz
New tenants include fresh-item vendors such as a florist and produce shop, in addition to more healthful prepared foods such as juice, crepes and freshly prepared soup.
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Developer tied to Ponzi slides into bankruptcyRestricted Content

October 23, 2010
Cory Schouten
Sydney "Jack" Williams earned commissions by persuading dozens of investors, many with Indiana ties, to lend millions of dollars to a business that turned out to be fake.
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Biglari shakes up Steak n Shake building formatRestricted Content

October 23, 2010
Cory Schouten
The new prototype design for Steak n Shake restaurants will be smaller, featuring sections of floor-to-ceiling glass and an exterior that throws off a retro vibe, its signage attached to a protruding fin.
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Bird still has boss' support, but also plenty of critics

October 23, 2010
Anthony Schoettle
This year might be Indiana Pacers President of Basketball Operations Larry Bird's last shot to show that his skill assembling a team is on par with his talent as a player and coach.
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New tool shuffles radio ratingsRestricted Content

October 23, 2010
Anthony Schoettle
A new method of measuring radio listening habits has shaken up local station ratings, sending radio operators scrambling to re-evaluate formats and ad pricing.
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Tax caps give township reform effort new lifeRestricted Content

October 23, 2010
Francesca Jarosz
A push to eliminate township government will return to the Statehouse next year—this time with a better shot at success. Township reforms, which have been vigorously debated but never passed, have been touted as a way to make government more cost-effective.
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Museum revamping security strategy to save moneyRestricted Content

October 23, 2010
Kathleen McLaughlin
A security overhaul at the Indianapolis Museum of Art promises to be more effective while saving the cash-strapped museum $600,000 a year. More than 50 gallery attendants are gone, and so is the front desk, replaced by visitor assistants, most of whom are local college students.
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  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

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