News & Analysis

Simon Property plans debt sale to fund tender offer

August 9, 2010
Bloomberg News
Simon Property Group Inc., the largest U.S. shopping-mall owner, plans to sell $750 million of notes to fund a tender offer for outstanding debt for the second time this year.
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Counties brace for big tax losses next year

August 9, 2010
 IBJ Staff and Associated Press
Indiana counties will receive $1.3 billion in income tax revenue in 2011, nearly 16 percent less than they did this year. Marion and Hamilton counties will suffer major reductions in distributions.
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Court defeat lost in Lilly's gloomy long-term outlook

August 9, 2010
J.K. Wall
Eli Lilly and Co.'s loss of a patent on one of its blockbuster drugs in court late last month received a collective yawn from investors, who have shunned the stock because of five looming patent expirations.
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Arcadia sees smaller loss, extends WellPoint pact

August 9, 2010
 IBJ Staff
Indianapolis-based health care firm reaches agreement to offer its DailyMed product to more WellPoint Inc. health plan members.
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Daniels: Stimulus should focus on companies, not states

August 9, 2010
Bloomberg News
Indiana Gov. Mitch Daniels said he opposes more stimulus such as aid to states to keep teachers hired and to expand credit to small business, while favoring incentives to revive private hiring and investment.
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Noblesville's Sagamore golf club emerges from the rough

August 7, 2010
Anthony Schoettle
The once ballyhooed Jack Nicklaus-designed course near State Road 37 and 166th Street was perilously near bankruptcy just a year ago.
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E-mails show how David Simon faced financial crisisRestricted Content

August 7, 2010
Cory Schouten
The first few months of 2009 were not an easy time to be CEO of Simon Property Group Inc. David Simon was feeling pressure from shareholders, lenders, employees and family members.
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Despite success, Colts aren't letting up on marketingRestricted Content

August 7, 2010
Anthony Schoettle
Indianapolis Colts representatives have made a record 844 appearances in the last year across Indiana and into Kentucky with the team’s Make It Personal tour.
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JPMorgan's wealth advisory group led from Indianapolis

August 7, 2010
Peter Schnitzler
Elizabeth Schlueter started out in Fort Wayne and rose through a series of promotions that landed her not on Wall Street but in Indianapolis.
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First Merchants, First Financial mull expansionRestricted Content

August 7, 2010
Norm Heikens
Acquisitions situate banks to seek market share in Indianapolis.
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New-car dealers hit hard in 2009Restricted Content

August 7, 2010
Chris O'Malley
Indiana lost 49 new-car dealers last year, the biggest thinning of the herd in at least a decade, according to data released last month by the National Automobile Dealers Association.
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Ford dealer celebrates 50-year milestoneRestricted Content

August 7, 2010
Chris O'Malley
This month, Pearson Ford, 10650 N. Michigan Road, is celebrating a rare thing among car dealers: its 50th birthday.
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Linking Indianapolis-area bus systems becoming priority for plannersRestricted Content

August 7, 2010
Chris O'Malley
Connecting rural bus systems with one another and with IndyGo must happen before commuter rail becomes a reality.
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Slumping chocolate firm hopes to recapture early momentumRestricted Content

August 7, 2010
Kathleen McLaughlin
Endangered Species Chocolate, which saw growth spike from 2005 through 2007, lost 20 percent of its revenue in 2009. Sales dropped from $14 million in 2008 to $11 million last year. New Curt Vander Meer has plans to bring the company back to its former glory, one chocolate bar at a time.
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Property shuffle aims to connect police, fire services with neighborhoods

August 7, 2010
Cory Schouten
The city plans to open police-and-fire hubs in two former IPS schools, retrofit an Eastgate mall department store into an Emergency Operations Center, and build at least two fire stations.
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Summer is key time for those who raise Christmas trees

August 7, 2010
Joe Jasinski
Christmas and July harmonize like a blizzard on Independence Day, but the summer months are perhaps the most vital for Tom Dull and his wife, Kerry, who raise 23,000 Christmas trees on their peaceful farm in Thorntown.
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INSIDE DISH: Kelties eyes return to salad days

August 6, 2010
Mason King
Kelties_WatchVideoOwner and chef Keltie Domina is relying on cost-cutting, an uptick in sales and her talent for shifting strategies to dig out of a recession-based deficit.
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Emmis delays vote on buyout again

August 6, 2010
Anthony Schoettle
As preferred shareholders continue holdout, Emmis postpones vote to take company private. Issue will be taken up again Aug. 13.
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Assistant commissioner promoted to lead IHSAA

August 6, 2010
Associated Press
The IHSAA announced Friday that Bobby Cox would replace Blake Ress as commissioner in February when Ress retires after 10-1/2 years in the position.
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Logistics teams compete on public stage

August 6, 2010
Joe Jasinski
About 400 people and nine teams convened at a vacant 96th Street distribution center Thursday for the inaugural Indianapolis LogistXGames.
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Vendors unsure of benefits from more State Fair days

August 6, 2010
Scott Olson
Many say it's too early to tell whether last year's decision to extend the Indiana State Fair schedule by five days is resulting in stronger sales.
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WRTV replaces Wallace as evening newscast anchor

August 6, 2010
J.K. Wall
ABC station did not renew Todd Wallace's contract after three years, instead recruiting Todd Connor, an ABC News correspondent. Wallace's co-anchor, Trisha Shepherd, will stay on.
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Stocks retreat after disappointing jobs report

August 6, 2010
Associated Press
The disappointing jobs data magnifies worries that slowing growth could end up leading the country back into recession during the second half of the year.
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Trustee pressing Daniels, others to return Durham's donations

August 5, 2010
J.K. Wall
Trustee Brian Bash has sent letters to politicians who he says received a total of $900,000 in funds Durham had borrowed from the coffers of Fair Finance, a now-bankrupt investment firm based in Ohio.
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Red Gold expanding Madison County operations

August 5, 2010
Following $5.1 million investment, the company plans to create 42 jobs by 2012 by expanding its production operations in Orestes.
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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

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