News & Analysis

Durham attorney blasts FBI after vehicle seizures

June 25, 2010
Greg Andrews
Embattled financier Tim Durham's lawyer, Larry Mackey, said the FBI should have known a bankruptcy trustee had the titles. An attorney for the trustee said investigators were aware.
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INSIDE DISH: Goose the Market laying golden eggs

June 25, 2010
Mason King
Goose watch video iconEnvisioned by Christopher Eley as a one-man butcher shop, Goose has grown in three years to a 12-person operation trending for $1 million in sales.
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Lawmakers approve big Wall Street revamp

June 25, 2010
Bloomberg News
Bill headed for Obama's desk would reform financial regulation in effort to protect consumers, curb risks, boost surveillance of threats to markets, and give regulators more emergency powers to avoid future bank bailouts.
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Kiwanis backs UNICEF in fighting tetanus

June 24, 2010
Kathleen McLaughlin
Kiwanis International will back UNICEF with a $110 million campaign to eliminate tetanus in mothers and newborns, the Indianapolis-based organization announced Thursday.
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Rob Reiner film to premiere in Indianapolis

June 24, 2010
Kathleen McLaughlin
Director Rob Reiner will be at Hilbert Circle Theatre in Indianapolis Aug. 2 for the premiere of his latest film, "Flipped." The big-screen debut will be hosted by locally based Heartland Truly Moving Pictures.
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WellPoint exec sees health insurer 'oligopoly' coming

June 24, 2010
Bloomberg News
U.S. health insurers are “moving towards an oligopoly,” a process that this year’s health-care overhaul will accelerate, the investor-relations chief at WellPoint Inc. said Thursday.
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Greenwood mobile home park sold to Illinois firm

June 24, 2010
Indy Mobile purchases 527-lot Friendly Village through a court-appointed receiver.
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Fort Ben home, condos fail to sell at auction

June 24, 2010
Cory Schouten
Auction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old Army base.
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Graphics firm adds workers to fulfill TruGreen deal

June 24, 2010
TKO Graphix in Plainfield calls back 15 workers and adds another 15 to help install graphics on 6,000 vehicles operated by the national lawn care company.
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Senator: For-profit colleges require tougher oversight

June 24, 2010
Bloomberg News
For-profit colleges like ITT Technical Institutes need tougher oversight and regulation, according to a report from a Democratic Senate committee chairman that questions the industry’s advertising spending, tuition costs and reliance on taxpayer money.
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Suitor extends tender offer for Emmis

June 24, 2010
Associated Press
JS Acquisition Inc., a company owned by Emmis Communications CEO Jeffrey Smulyan, extended its buyout offer to July 30.
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Ohio plant eyes Indiana to avoid environmental rule

June 23, 2010
Associated Press
Ohio's governor has asked state environmental regulators to come up with a way to save 214 jobs at a northwest Ohio plant that is considering a move to Indiana.
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OneAmerica to acquire McCready and Keene

June 23, 2010
J.K. Wall
McCready and Keene Inc. is the fifth-largest employee benefits firm in the Indianapolis area. It employs 95 people nationally, 82 of them in Indianapolis, according to IBJ research.
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Democratic secretary of state hopefuls critical of voter ID law

June 23, 2010
 IBJ Staff and Associated Press
Both Democrats seeking their party's nomination for Indiana secretary of state are critics of the state's voter identification law, which they would have a role in enforcing as the top state election official.
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Indianapolis International lands direct service to Branson

June 23, 2010
 IBJ Staff
Houston-based ExpressJet on Sept. 10 will begin four weekly flights to Branson on behalf of Branson AirExpress, the Indianapolis Airport Authority announced Wednesday morning.
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Recession temporarily slows suburban migration

June 23, 2010
Peter Schnitzler
Using U.S. Census data, the Indiana Business Research Center finds Indianapolis' population grew by 6,854 residents last year while Fishers, Noblesville, Carmel and Greenwood saw less-than-average gains.
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Health Foundation hires development director

June 23, 2010
Kathleen McLaughlin
Key Indianapolis Museum of Art fundraiser Kathy Nagler has been hired as the first development director for Health Foundation of Greater Indianapolis.
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National new-home sales plunged to record low in May

June 23, 2010
Bloomberg News
Purchases of new homes in the United States fell in May to a record low as a federal tax credit expired, showing the market remains dependent on government support.
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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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  1. Kent's done a good job of putting together some good guests, intelligence and irreverence without the inane chatter of the other two shows. JMV is unlistenable, mostly because he doesn't do his homework and depends on non-sports stuff to keep HIM interested. Query and Shultz is a bit better, but lack of prep in their show certainly is evident. Sterling obviously workes harder than the other shows. We shall see if there is any way for a third signal with very little successful recent history to make it. I always say you have to give a show two years to grow into what it will become...

  2. Lafayette Square, Washington Square should be turned into office parks with office buildings, conversion, no access to the public at all. They should not be shopping malls and should be under tight security and used for professional offices instead of havens for crime. Their only useage is to do this or tear them down and replace them with high rise office parks with secured parking lots so that the crime in the areas is not allowed in. These are prime properties, but must be reused for other uses, professional office conversions with no loitering and no shopping makes sense, otherwise they have become hangouts long ago for gangs, groups of people who have no intent of spending money, and are only there for trouble and possibly crime, shoplifting, etc. I worked summers at SuperX Drugs in Lafayette Square in the 1970s and even then the shrinkage from shoplifting was 10-15 percent. No sense having shopping malls in these areas, they earn no revenue, attract crime, and are a blight on the city. All malls that are not of use should be repurposed or torn down by the city, condemned. One possibility would be to repourpose them as inside college campuses or as community centers, but then again, if the community is high crime, why bother.

  3. Straight No Chaser

  4. Seems the biggest use of TIF is for pet projects that improve Quality Of Life, allegedly, but they ignore other QOL issues that are of a more important and urgent nature. Keep it transparent and try not to get in ready, fire, Aim! mode. You do realize that business the Mayor said might be interested is probably going to want TIF too?

  5. Gary, I'm in complete agreement. The private entity should be required to pay IPL, and, if City parking meters are involved, the parking meter company. I was just pointing out how the poorly-structured parking meter deal affected the car share deal.

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