News & Analysis

Sale of local funeral home, cemetery business finalized

June 23, 2010
Pennsylvania-based StoneMor Partners could pay up to $32 million for Memory Gardens Management Co. after trust-fund and debt obligations are made.
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Hospital jobs keep growing in recession

June 23, 2010
J.K. Wall
Hospitals continued to be a stable and slightly growing source of jobs and wages in Indiana—for better and for worse. The sector paid $7.3 billion to 127,000 Hoosiers in 2008, according to the latest data from the American Hospital Association.
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Medicare cuts hit doctors as Congress feuds

June 23, 2010
J.K. Wall
Physician offices will begin receiving payments from the Medicare that are 21.3-percent below what they’ve been getting so far this year. Doctors still expect Congress to reverse the payment cuts, but physicians and the Medicare program will have to reprocess claims, costing both extra money.
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Q&A

June 23, 2010
J.K. Wall
David Stocum is the director of the Center for Regenerative Biology and Medicine at the IUPUI School of Science. He and his team are studying how amphibians regenerate parts of their bodies to see if there are ways to induce humans to regenerate tissue that is lost or damaged. The center has about 20 researchers and funding of about $14 million to fuel its quest.
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Plan to run fiber optic lines along greenways has legal hurdles

June 23, 2010
 IBJ Staff
The city of Indianapolis wants to generate revenue by using greenways as fiber optic corridors. But previous legal battles over leasing rights-of-way to utilities could hang up the plan.
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LEADING QUESTIONS: How Staubach fields his team

June 23, 2010
Mason King
Staubach_WatchVideoNFL Hall of Famer turned exec huddles with IBJ about confidence, hard work, and placing personnel.
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Schrenker auction expected to fall well short of claims

June 22, 2010
Associated Press
More than $30 million in claims have been filed against Marcus Schrenker, but a court-appointed receiver expects an auction of the financier's property on Saturday to bring in less than $1 million.
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IEDC responds to House speaker's public records request

June 22, 2010
Peter Schnitzler
Indiana Secretary of Commerce Mitch Roob's letter Tuesday to Democrat Pat Bauer details IEDC's approach to job-creation incentives and its clawback efforts in the recession.
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Web firm promises 107 new jobs after '08 pledge fell short

June 22, 2010
Scott Olson
Fusion Alliance made a similar agreement to receive state and local incentives in 2008, but the jobs failed to materialize.
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Study of local mortgage defaults shows benefit of counseling

June 22, 2010
Peter Schnitzler
A study by the Federal Reserve Bank of Chicago finds a strong correlation between pre-mortgage credit counseling and loan performance after comparing Indianapolis Neighborhood Housing Partnership clients with other low-income Marion County borrowers.
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PNC foreclosing on Janus Lofts building

June 22, 2010
Cory Schouten
Pittsburgh-based PNC Bank has filed to foreclose on the historic five-story Janus Lofts building at 240 S. Meridian St.
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Brother of late CEO takes helm at Holiday World

June 22, 2010
 IBJ Staff
Dan Koch has been named president and CEO of Holiday World & Splashin' Safari amusement park in southern Indiana, taking over after the unexpected death of his brother Will earlier this month.
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Toyota adding 100 workers at Indiana factory

June 22, 2010
Associated Press
The hiring follows Toyota's announcement this month that it would move some of its Highlander SUV production from Japan to the Princeton plant.
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Comcast's pledge to NBC stations keeps Olympics, NFL off cable

June 22, 2010
Bloomberg News
Television station owners affiliated with NBC agreed to support Comcast Corp.’s purchase of NBC Universal after the company pledged it won’t shift events such as the Olympics and U.S. football to cable, an executive said.
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Lilly layoffs pare communications department

June 21, 2010
J.K. Wall
The giant drugmaker is in the process of trimming 35 percent—or about 19 people—from its 55-person communications staff. Most of that staff is based in Indianapolis.
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Durham poised to turn over proceeds of mansion sale

June 21, 2010
Greg Andrews
Beleaguered financier Tim Durham acknowledges owing millions to Fair Finance and is turning over artwork and selling assets to reduce the loan, according to an attorney overseeing the company's bankruptcy.
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City Market lands another fresh-food vendor

June 21, 2010
Peter Schnitzler
Pretzel-maker A Taste of Philly expands from its current location at 42nd Street and College Avenue to take 200 square feet of space inside the historic downtown market, slated for a major overhaul.
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Westfield residents to hear plans for $1B development

June 21, 2010
Scott Olson
The Estridge Cos., a Carmel-based home builder, will present details of the massive project—mixing condos, apartments and retail with a $15 million stadium—at a public hearing Monday evening.
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Walton charity pledges $1.2M for Indy charters

June 21, 2010
 IBJ Staff
An Arkansas-based charity, formed by Wal-Mart Stores founder Sam Walton, will run a competition to award grants to five community organizations that want to start charter schools.
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Durham's Geist mansion listed for $5.5 million

June 19, 2010
 IBJ Staff
Beleaguered local businessman Tim Durham's Geist home is listed for sale with a $5.5 million asking price.
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Mount Comfort Airport revs up growth plansRestricted Content

June 19, 2010
Kathleen McLaughlin
For the six general aviation airports that ring Indianapolis, landing business jets is like finding silver dollars in a bucket of pennies. Though relatively few compared with the number of piston-engine planes, jets consume three times as much fuel at the area's small airports.
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INDIANA 100: Taking measure of state's largest companies

June 19, 2010
Few companies eked out revenue gains last year, and profits were hard to come by. See which companies overcame the odds to climb ahead, and which ones took a shellacking in our annual Indiana 100 section.
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Circle Centre vies to keep anchor stores

June 19, 2010
Cory Schouten
Deals for both Nordstrom and Carson Pirie Scott are up for renewal in the coming months.
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City takes risk with debt-laden IT-overhaul pickRestricted Content

June 19, 2010
Peter Schnitzler
To spearhead a once-in-a-generation overhaul of local government's antiquated back-office computer system, Mayor Greg Ballard has chosen an unprofitable software firm that as recently as March 31 warned investors that debt-refinancing issues could force it out of business.
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Recession hammered revenue of Indiana's largest public companies

June 19, 2010
Marc D. Allan
Few escaped the Great Recession unscathed, and unusual circumstances helped some appear as though they did.
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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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