News & Analysis

Three injured in downtown crane collapse

August 23, 2010
 Fox59 Report
Investigators haven't figured out what caused a crane to tip over Monday morning while crews were working on a chimney at the Rathskeller restaurant on East Michigan Street. Three people suffered minor injuries.
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WRTV GM stepping down, other changes planned

August 23, 2010
Anthony Schoettle
After 31 years with the McGraw-Hill Cos., the last nine leading the local ABC affiliate, General Manager Don Lundy is calling it quits.
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Arts funding maintained in proposed city budget

August 23, 2010
Scott Olson
Funding for city arts programs is expected to remain at $1 million in 2011, even as the mayor's budget plan calls for cutting $22 million in local spending. Funding for the parks department also should remain flat, at $21.1 million.
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IUPUI launches undergrad program in philanthropic studies

August 23, 2010
Kathleen McLaughlin
Indiana University's Center on Philanthropy says its program is the only one in the country that focuses on philanthropy, as opposed to the more technical not-for-profit management offered by other universities.
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Indiana State Fair ends with slightly smaller crowd

August 23, 2010
Associated Press
The Indiana State Fair has wrapped up a 17-day run during which officials say it drew 952,020 visitors.
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Feds take over $20M Irwin pension shortfall

August 23, 2010
 IBJ Staff
The Pension Benefit Guaranty Corp. estimates Irwin Financial Corp.’s pension plan is 56 percent funded, with assets of $26.7 million to cover $47.2 million in benefit liabilities.
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Financial records show Pirates win while losing

August 22, 2010
Associated Press
The Pirates, the Major League parent club of the Indianapolis Indians, made nearly $29.4 million in 2007 and 2008, according to team financial documents, years that were part of a streak of futility that has now reached 18 straight losing seasons.
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Urban schools gather momentum in Indianapolis area

August 21, 2010
Norm Heikens
Resurgent Marion County districts are showing up affluent districts in improving student performance.
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St. Vincent seeks growth in transplants

August 21, 2010
J.K. Wall
St. Vincent Health is moving aggressively to expand its transplant program in a direct challenge to Clarian Health's dominance in the field. The Indianapolis-based hospital system filed in July for permission to conduct pancreas transplants. And down the road, it's eyeing liver and maybe even lung transplants.
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Marsh taken off the market

August 21, 2010
Cory Schouten
The parent company of Marsh Supermarkets plans to continue investing in the local grocery chain after it failed to find a buyer for the chain of roughly 100 stores. Half of those are in Indianapolis.
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Casino operator Centaur aims to exit bankruptcy much leaner

August 21, 2010
Scott Olson
Centaur plans to sell a casino west of Denver and a stalled casino development near Pittsburgh.
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Kirr Marbach & Co. mutual fund among nation's best performers

August 21, 2010
Among value funds that include companies of varying sizes, the performance of the Kirr Marbach Partners Value Fund ranks No. 2 out of 357 similar funds.
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Pearl IRB first firm in state to pre-screen clinical drug trialsRestricted Content

August 21, 2010
Chris O'Malley
Two former Eli Lilly and Co. employees launched the firm that promises to attract more clinical trial business to the state.
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Lending overhaul could be trouble for ITT

August 21, 2010
J.K. Wall
New student-lending rules proposed by the Obama administration could wipe out as much as two-thirds of profits at Carmel-based ITT Educational Services Inc., some analysts believe.
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Popular toning shoes give big boost to The Finish Line

August 21, 2010
Cory Schouten
Despite controversy over whether they live up to their hype, so-called toning shoes—a category created from thin air just a few years ago—are flying off store shelves nationwide and are on pace to ring up almost $1 billion in revenue this year.
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Smooth utility deal carries potential bonus for cityRestricted Content

August 21, 2010
Chris O'Malley
If Citizens Energy can successfully manage and mitigate over the next two years the city's lingering legal and contractual obligations involving the water and sewer utilities Citizens is negotiating to buy, the city can hang onto an extra $25 million in the deal.
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Strategy key as arts groups launch simultaneous campaignsRestricted Content

August 21, 2010
Kathleen McLaughlin
A wave of fundraising pitches is about to wash over Indianapolis arts supporters. Five organizations either have announced or are working toward the launch of major campaigns.
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Emmis again delays vote to go private

August 20, 2010
Anthony Schoettle
The media company schedules another meeting for Aug. 27—what will be the fourth in five weeks—in hopes of gaining enough votes to take company off the public market.
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Indiana University board approves pay-raise plan

August 20, 2010
Associated Press
The plan raises pay an average of 3 percent for most of the school's 17,000 employees.
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Indiana, Indy stage small employment gains

August 20, 2010
Norm Heikens
Indiana's unemployment rate increased by a sliver, to 10.2 percent, in July despite increases in jobs in many industries.
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Weekend bike race incorporates Circle into course

August 20, 2010
Scott Olson
Inaugural Indy Criterium using famed landmark in race that organizers hope will become an annual event. The race begins at 9 a.m. on Saturday.
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Judge rules Murat Centre can keep new name

August 20, 2010
 IBJ Staff
A naming-rights lawsuit brought by The Murat Temple Association against California-based event promoter Live Nation and Evansville-based Old National Bank has been dismissed.
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City chooses firm to oversee parking-meter operations

August 20, 2010
Scott Olson
The city has entered into a 50-year lease agreement with Dallas-based Affiliated Computer Services Inc. The city will receive $35 million upfront and a share of revenue to make sidewalk and street repairs. Parking meter rates are expected to double in some areas.
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More cash-strapped workers dipping into 401(k) accounts

August 20, 2010
Associated Press
A record number made hardship withdrawals in the second quarter, and the number of of workers who borrowed from their accounts reached a 10-year high, according to Fidelity Investments.
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Lilly gains panel's backing to expand Cymbalta use

August 19, 2010
Bloomberg News
Outside advisers to the Food and Drug Administration voted 8-6 Thursday in favor of a broader use of Cymbalta on the basis of studies in lower back pain and osteoarthritis of the knee.
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