News & Analysis

Declining attendance forcing Speedway to make changes

July 28, 2010
Associated Press
Three days after witnessing the smallest Brickyard 400 crowd in the race's 17-year history, Indianapolis Motor Speedway CEO Jeff Belskus said he intends to cut ticket prices for about 75 percent of fans at next year's race.
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Frankfort manufacturer to build plant in Tennessee

July 28, 2010
Associated Press
NHK Seating of America's plant in Murfreesboro is expected to employ up to 224 workers when all phases of production are operating in 2015.
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Lilly loses appeal over patent for cancer drug Gemzar

July 28, 2010
 IBJ Staff and Bloomberg News
A U.S. appeals court Wednesday said a lower court was correct to invalidate a patent on the medicine that expires in 2013. Gemzar generated $1.36 billion in global sales in 2009.
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Developer making final push for embattled Uptown project

July 28, 2010
Cory Schouten
Developer Leif Hinterberger has spent five years and most of his savings trying to build a $19M mixed-use project at 49th Street and College Avenue. The project could be in trouble if he doesn't get city support.
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CEO of local chocolate company stepping down

July 28, 2010
Wayne Zink of Endangered Species Chocolate will become chairman of the company's not-for-profit foundation. Chief Operating Officer Curt Vander Meer will replace him as CEO.
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Life sciences deals pick up momentum

July 28, 2010
J.K. Wall
Venture dollars for Indiana life sciences companies are still few, but the flow of deals is picking up. Nine Hoosier companies scored investments totaling $10.4 million during the first six months of the year.
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WellPoint gains confidence as profits rise

July 28, 2010
J.K. Wall
The Indianapolis-based health insurer raised its full-year profit forecast after it earned $722.4 million, 4 percent higher than during the same quarter a year ago. Revenue and health plan membership fell.
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Movie-rental stores are next retail backfill opportunity

July 27, 2010
Tom Harton
Vacant movie-rental stores are beginning to flood the retail real estate market here and elsewhere as the nation’s second-largest chain liquidates and industry goliath Blockbuster Video fights for its life.
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Carmel finishes annexation of Southwest Clay

July 27, 2010
Associated Press
The community about 10 miles north of Indianapolis grew by 8.3 square miles and 8,000 people Tuesday with the long-planned annexation.
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Judge rules against Emmis shareholders, allows sale

July 27, 2010
Shareholders sued to temporarily block the sale of the public company, which is set to be acquired by JS Acquisition LLC, a private company formed by Emmis Chairman and CEO Jeffrey H. Smulyan.
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Feds: Texas pastor misused loan for Indiana church

July 27, 2010
Associated Press
A Houston minister accused of using money borrowed to build a new church to buy a mink coat and a Mercedes Benz missed his initial hearing in Indianapolis on Tuesday.
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Consumer confidence index retreats further

July 27, 2010
Associated Press
Economists watch the Consumer Confidence index closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong recovery.
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Lauth headquarters offered for lease

July 27, 2010
Cory Schouten
Financially troubled developer Lauth Group Inc. is looking for new office space after the company's largest investor took control of the building it now calls home.
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Cummins' profit rises on strong overseas sales

July 27, 2010
Columbus-based diesel engine manufacturer raised its full-year earnings forecast after second quarter profit rose to $246 million.
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Interactive Intelligence reports higher profit, revenue

July 27, 2010
The Indianapolis-based company reported second quarter profit of $2.5 million on increased sales of its business communications software.
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Pennsylvania, Indiana top Nevada in gambling taxes

July 27, 2010
Associated Press
Pennsylvania's tax revenue from commercial casinos approached $1.1 billion in the fiscal year that ended June 30. Indiana was second with $878 million and Nevada third with $831 million.
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Council advances utilities transfer proposal

July 27, 2010
 IBJ Staff and Associated Press
City-County Council members voted 19-10 Monday night to approve Republican Mayor Greg Ballard’s $1.9 billion plan to transfer Indianapolis’ water and sewer utilities to Citizens Energy Group.
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Survey: Many hospital patients in dark about debt-relief options

July 26, 2010
J.K. Wall
Marion County survey finds 80 percent of respondents in debt to local hospitals, with about half saying they were never informed about the availability of charity care or payment plans.
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Old National improves second-quarter performance

July 26, 2010
The Evansville-based bank reported a 9-percent increase in second-quarter profit, helped by a continued reduction in non-interest expenses and growth in commercial loan and business checking account activity.
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Holiday Inn to hit auction block with $1M opening bid

July 26, 2010
Cory Schouten
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month with a suggested opening bid of $1 million.
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Key vote ahead for utilities transfer

July 26, 2010
 IBJ Staff
A plan to transfer the city's water and sewer utilities to Citizens Energy Group faces a key vote Monday night at a meeting of the City-County Council.
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Lawsuit targets Simon's leasing tactics

July 24, 2010
Cory Schouten
One of Indiana’s largest privately held developers is suing Simon Property Group Inc., alleging the nation’s largest mall owner abused its “market power” to bully two national retailers into backing out of leases at a lifestyle mall near Mishawaka.
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Daniels criticized for lopping costs on I-69 extension

July 24, 2010
Chris O'Malley
Detractors of new-terrain route say cost cuts undermine economic development premise for extending the interstate.
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Indianapolis Indians scoring sponsorship, attendance increases

July 24, 2010
Anthony Schoettle
Minor-league baseball team could be in line to register another $1 million profit thanks to improvements in sponsorship sales and attendance.
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Big budget cuts will make for bitter state politics

July 24, 2010
Peter Schnitzler
As Indiana's reserves dwindle toward zero and federal stimulus money disappears, trying to keep political debate friendly and the budget in the black will be quite a challenge. Half a year before they must craft the next state budget, Democrats and Republicans already are squabbling.
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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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