News & Analysis

Slow economy bruises profits of Indiana's largest public companiesRestricted Content

June 19, 2010
Marc D. Allan
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
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Indiana's biggest private companies majored in the basics in 2009Restricted Content

June 19, 2010
Martha P. Allan
Health care, plastics, other fundamental consumer needs kept some companies on upswings.
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Some Indiana entrepreneurs hit the gas pedal in tough timesRestricted Content

June 19, 2010
Marc D. Allan, Martha P. Allan
What recession? Some firms are enjoying explosive growth.
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Promising ethanol yeast nears market launchRestricted Content

June 19, 2010
Chris O'Malley
A firm that may have developed a breakthrough yeast for ethanol production has landed new investment and high-octane board members. Two-year-old Xylogenics Inc. also says it plans to license its first bioengineered yeast later this year.
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Website aims to help grads with life after collegeRestricted Content

June 19, 2010
Joe Jasinski
Partners Cate McLaughlin and Kyle Falk started the website askcateandkyle.com last July to help recent graduates deal with the trials and tribulations of life after college. Their potential audience is huge.
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JA working its way out of real estate troublesRestricted Content

June 19, 2010
Kathleen McLaughlin
If the debt refinancing is completed, Junior Achievement would be nothing more than a tenant at the Gene B. Glick Junior Achievement Education Center.
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Braly's political skirmishes hurting insurer, critics say

June 19, 2010
J.K. Wall
When WellPoint Inc. named Angela Braly its CEO three years ago, it touted her experience dealing with politicians and government regulators. But WellPoint is now the poster child for health insurer bad behavior—credited in Washington with reviving a dead health reform bill the company opposed.
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IPL mulling hydroelectric power on Ohio RiverRestricted Content

June 19, 2010
Chris O'Malley
Expecting to be burned by greenhouse gas legislation that will make electricity generated from coal costly, Indianapolis Power & Light is studying whether to buy power from two hydroelectric projects proposed for the Ohio River, near Evansville.
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IU grads carve Greek-based niche in newsRestricted Content

June 19, 2010
Anthony Schoettle
What started with a casual meeting between two Indiana University students in a business class in 2008 has grown into an operation with projected revenue of $2 million this year. Despite long odds and little capital, Evan Burns and Adrian France launched a weekly print newspaper at IU last September.
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Katz Sapper caught up in Simon estate battle

June 18, 2010
Greg Andrews, Cory Schouten
The longtime accounting firm for Simon family interests objected to subpoenas it received from Melvin Simon's daughter Deborah, saying the information requested was far too broad.
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Colts ponder effects of possible NFL season expansion

June 18, 2010
Anthony Schoettle
Indianapolis Colts officials have not taken an official position on expanding the NFL regular season from 16 to 18 games, but they don't think it would boost revenue significantly.
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Process begins to change name of Mount Comfort Airport

June 18, 2010
Suggested moniker of Indianapolis Regional Airport needs approval from the Federal Aviation Administration.
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Residential building activity levels off after surge

June 18, 2010
Scott Olson
The number of building permits filed in the nine-county metropolitan area has been flat the past two months following a flurry of activity leading up to the expiration of federal home-buying tax credits.
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INSIDE DISH: H2O owners return with new strategy

June 18, 2010
Mason King
H2) Watch VideoFormer owners Eli and Nicole Anderson are back at the helm of H2O Sushi and are on the brink of a significant revamp, likely including rebranding the Asian-themed eatery.
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Lilly, Amylin stock rises on drug postponement

June 18, 2010
 IBJ Staff and Bloomberg News
Roche Holding AG's decision to postpone its experimental diabetes drug is helping boost shares in Amylin Pharmaceuticals Inc. and drug partner Eli Lilly and Co.
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State jobless rate holds steady at 10 percent

June 18, 2010
Scott Olson
Indiana's May unemployment figure remains in double digits for second consecutive month, despite some job growth.
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Advocates decry cuts to Indiana home health program

June 17, 2010
Associated Press
The Indiana Family and Social Services told Area Agencies on Aging that a 15-percent cut in funding for the program known as CHOICE will save about $7.3 million from the program's $48.8 million annual budget.
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Bloomington Brewing Co. planning expansion

June 17, 2010
Associated Press
A small brewery in southern Indiana plans to start selling its beer around the state as a new facility will boost its production capacity by 1,000 percent.
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CIB, Pacers discussing three-year deal

June 17, 2010
Anthony Schoettle
City officials want to wait until economy, National Basketball Association labor situation stabilize before entering longer-term deal. Optimism remains deal can get done by June 30.
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Union accuses Marsh of unfair labor practices

June 17, 2010
United Food and Commercial Workers Local 700 says the grocery chain used illegal interrogation practices and fired a worker for exercising his right to organize a union.
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Shelbyville man sentenced for ripping off employer

June 17, 2010
John K. Branam was sentenced to 57 months in prison after pleading guilty to embezzling $1.6 million over four years from King’s Title & Abstract Co.in Shelbyville.
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Purdue names interim Krannert School dean

June 17, 2010
After 10-month search, Purdue University officials broaden quest for new permanent dean for Krannert School of Management. School officials hope to have position filled by spring.
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AIT Labs moving headquarters, adding 160 jobs

June 17, 2010
Scott Olson
The Indianapolis-based forensics, clinical and pharmaceutical testing firm, led by CEO Michael Evans, plans to invest $74 million to acquire and equip an existing 90,000-square-foot building in Woodland Corporate Park near West 79th Street and Interstate 465.
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Batesville Tool & Die expansion should create 40 jobs

June 17, 2010
Southeastern Indiana company plans to add 25,000 square feet to plant and begin hiring additional employees by the end of next year.
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Duke Realty buying out joint venture partner for $298M

June 16, 2010
 IBJ Staff
Duke Realty Corp. plans to buy out its partner in a joint venture that owns 106 industrial buildings in the Midwest and Southeast, the Indianapolis-based company announced Wednesday.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

  4. GOOD DAY to you I am Mr Howell Henry, a Reputable, Legitimate & an accredited money Lender. I loan money out to individuals in need of financial assistance. Do you have a bad credit or are you in need of money to pay bills? i want to use this medium to inform you that i render reliable beneficiary assistance as I'll be glad to offer you a loan at 2% interest rate to reliable individuals. Services Rendered include: *Refinance *Home Improvement *Inventor Loans *Auto Loans *Debt Consolidation *Horse Loans *Line of Credit *Second Mortgage *Business Loans *Personal Loans *International Loans. Please write back if interested. Upon Response, you'll be mailed a Loan application form to fill. (No social security and no credit check, 100% Guaranteed!) I Look forward permitting me to be of service to you. You can contact me via e-mail howellhenryloanfirm@gmail.com Yours Sincerely MR Howell Henry(MD)

  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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