News & Analysis

Warsaw bank jumps into Hamilton County frayRestricted Content

September 18, 2010
Francesca Jarosz
Lake City Bank dipped its toe in the Indianapolis market in 2006 with a loan-production office and now has bigger ambitions.
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Local United Way eyes broader donor base

September 18, 2010
Kathleen McLaughlin
After losing more than 6,000 donors in a single year, the United Way of Central Indiana is making its first concerted effort to reach people outside their workplaces.
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Alliance aims to boost adult learning in Hancock CountyRestricted Content

September 18, 2010
Kathleen McLaughlin
Three separate colleges will hold classes in Hancock County—if a business-led education alliance can finance the space. The Hancock Community Education Alliance has lined up a vacant retail building on State Road 9 in hopes that Ball State, Purdue and Vincennes universities can offer classes next spring.
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JPMorgan Chase sues to foreclose on Durham mansion

September 17, 2010
Greg Andrews
The bank says Durham stopped making the required $18,329 monthly payments on the 30-year mortgage this spring.
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Fried chicken franchises, Argentine eatery call it quits

September 17, 2010
Scott Olson
Five Popeyes restaurants in Indianapolis owned by one franchisee close down, as does downtown eatery Taste of Tango.
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Daniels picks Boone County judge for Supreme Court

September 17, 2010
 IBJ Staff and Associated Press
Gov. Mitch Daniels has appointed Boone Circuit Court Judge Steven David to the Indiana Supreme Court.
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Franklin calls off deal to land brewery plant

September 17, 2010
Kathleen McLaughlin
The Franklin Redevelopment Commission decided Thursday to call off the deal because TailGate Beer of San Diego failed to respond to a deadline to provide detailed financial information.
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Union cancels Marsh vote planned for Friday

September 16, 2010
Kathleen McLaughlin
The local grocery workers union has pulled its request for an election at Marsh's supermarket in Beech Grove, saying recent events cast a pall over the vote that was scheduled for Friday.
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Medical equipment maker primed to expand in Greenwood

September 16, 2010
J.K. Wall
Advantis Medical Inc., a maker of cases and trays for surgical instruments, plans to add more than 100 jobs in Greenwood over the next five years.
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Failed bid to take Emmis private costing millions

September 16, 2010
Scott Olson
Emmis CEO Jeff Smulyan's JS Acquisition LLC has racked up takeover expenses of $10.2 million, a figure that's sure to escalate now that JS Acquisition is suing its one-time financier for backing out of the deal.
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Bank suing Estridge Cos. for securities fraud

September 16, 2010
Scott Olson
Bank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30. The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.
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Former councilman indicted in strip club case

September 16, 2010
Francesca Jarosz
Federal officials on Thursday charged a former City-County Council member in an extortion scheme to use his official position to grease the wheels for opening a strip club, taking $6,000 in exchange for the help.
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LEADING QUESTIONS: Butler's Fong talks sports, Stevens

September 16, 2010
Mason King
LQ_Fong_WatchVideo3The university president likens his role to that of a major-league manager, but retaining talent like Brad Stevens is just the start.
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Tower manager proposes 4th Artsgarden skywalk

September 16, 2010
J.K. Wall
Reit Management & Research LLC made a presentation Wednesday to the Indianapolis Metropolitan Development Commission for its plans to build a pedestrian walkway between Circle Centre mall and PNC Center.
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U.S. homes lost to foreclosure up 25 percent this year

September 16, 2010
Associated Press
August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. Banks have been stepping up repossessions to clear out their backlog of bad loans.
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Republicans: Force state to live within means

September 15, 2010
Associated Press
House Minority Leader Brian Bosma, R-Indianapolis, said the state's next two-year budget doesn't have to be "honestly balanced," meaning the state could spend more than it takes in by dipping into reserves if the economy continues to sag.
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Daniels says no presidential pitch made at dinners

September 15, 2010
Associated Press
Indiana Gov. Mitch Daniels said Wednesday he has hosted about a dozen dinners with top Republican fundraisers and business and policy leaders, but never pitched himself as a potential presidential candidate.
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Smulyan-led firm sues backer over failed Emmis deal

September 15, 2010
Andrea Muirragui Davis
Emmis Communications Corp. CEO Jeff Smulyan’s JS Acquisition LLC is suing its one-time financier for backing out of a deal to take the Indianapolis-based media company private.
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UPDATE: Schrenker pleads guilty to securities fraud

September 15, 2010
 IBJ Staff and Associated Press
Former money manager admits to bilking friends, family members and other investors out of millions of dollars before trying to fake his own death. He'll be sentenced Oct. 7.
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Defendant pleads guilty in $880M fraud case

September 15, 2010
 IBJ Staff and Associated Press
A Florida man with ties to the founder of Indianapolis-based Williams Realty Group pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.
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UPDATE: New tech jobs come with handsome wages

September 15, 2010
J.K. Wall
Mobi Wireless expects to pay average wages of more than $50,000 to 253 new workers; Bostech Corp. expects to pay more than $80,000 to 61 new employees.
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Factory production creeps up again

September 15, 2010
Associated Press
Production at U.S. factories grew in August for the 12th time in 14 months, but at a slower rate than earlier this year.
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Tech companies adding 314 jobs in Zionsville

September 15, 2010
Two tech companies located in Northwest Technology Center in Zionsville plan to invest $3.6 million and add 314 jobs over the next four years, officials announced Wednesday morning.
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Community moves to integrate doctors

September 15, 2010
J.K. Wall
Health Care watch videoCommunity Health now has about 550 physicians, either on its payroll or committed through integration contracts, who have some of their pay hinge on measures of quality and communication. CEO Bryan Mills says the hospital system is looking to add even more.
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State insurance chief Cutter dies

September 15, 2010
J.K. Wall
Indiana Insurance Commissioner Carol Cutter passed away Sept. 6 in Indianapolis after a months-long struggle with illness. She was 67. Cutter had been on leave from the department since January.
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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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