News & Analysis

Marian University renames biz school after insurance exec

May 12, 2010
J.K. Wall
Marian University has renamed its school of business after Clark H. Byrum, president of Indianapolis-based The Key Corp., who made a significant gift to the university this month.
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CountryMark acquires oil wells in southern Indiana

May 12, 2010
J.K. Wall
Indianapolis-based CountryMark, a co-op that provides fuel to farmers, has acquired 600 oil wells and other assets in the Illinois basin.
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City says it will keep library branches open

May 12, 2010
Details of a plan to assist the Indianapolis-Marion County Public Library have yet to emerge, but city leaders are pledging their support to shore up a widening budget gap.
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Study: Quality, costs better at big practices

May 12, 2010
J.K. Wall
As physician mergers increase in Indianapolis, a new study has determined that quality at large, multispecialty practices is at least 5 percent higher and costs are 3.6 percent lower than at small group practices.
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Lilly still waiting on once-weekly Byetta

May 12, 2010
J.K. Wall
The U.S. Food and Drug Administration last week pushed its self-declared deadline for rendering an approval decision on the drug Bydureon to Oct. 22. The previous deadline was in March.
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Q&A

May 12, 2010
J.K. Wall
Joe Guzman is a co-founder of Indianapolis-based Ascend USA, the new trade adopted after Guzman merged his benefits brokerage, Benefits Strategies Inc., with benefits business Steven Goodin. The eight-person firm expects to hire as many 15 new employees in the next year. Those workers will help Ascend diversify from health benefits into brokering commercial insurance products.
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Mayor unveils infrastructure-improvement plan details

May 11, 2010
City would use $425 million expected from selling the city's water and sewer utilities to Citizens Energy Group to upgrade city streets, sidewalks and bridges.
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CIB agrees to help Black Expo, but not with grant

May 11, 2010
Scott Olson
Capital Improvement Board votes not to restore IBE's annual $150,000 grant, but agrees to provide the organization with in-kind services equaling the amount.
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Shareholders overwhelmingly OK Conseco name change

May 11, 2010
J.K. Wall
Carmel-based life and health insurer is now CNO Financial Group Inc. to reflect what company officers call a "transformation" of the once-troubled firm.
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Resource lands Colliers affiliation

May 11, 2010
Cory Schouten
Resource Commercial Real Estate, which will remain locally owned and operated, will be known as Colliers International effective immediately, the company said.
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Chrysler plans to spend $300M retooling Kokomo plants

May 11, 2010
Investment in transmission and casting plants, however, hinges on city's ability to offer tax abatement.
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Apartment sellers testing market again

May 11, 2010
Tom Harton
Several apartment properties are back on the market as owners try to appeal to private investors looking for deals before higher interest rates and inflation dampen their enthusiasm.
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Report: WellPoint, Aetna may need relief from cost mandate

May 11, 2010
Bloomberg News
The U.S. health overhaul’s mandate that insurers spend 80 percent of premiums on medical care may need to be loosened to keep companies from quitting the market for people who buy coverage on their own, state regulators said.
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State's largest pension programs get new leader

May 11, 2010
 IBJ Staff and Associated Press
Steve Russo was chosen Monday as executive director of both the Indiana Public Employees' Retirement Fund and the Indiana State Teachers' Retirement Fund.
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Tax credits help boost April home sales in central Indiana

May 10, 2010
 IBJ Staff
Home-sale agreements surged 33.8 percent in the Indianapolis area in April as buyers rushed to beat the deadline for federal tax incentives.
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Study: Pacers, Fever add $55M to local economy each year

May 10, 2010
Scott Olson
The Indiana Pacers and Indiana Fever contribute an estimated $55 million a year to the Indianapolis economy, according to a study conducted by Chicago-based hospitality consulting firm Hunden Strategic Partners.
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WellPoint, others may need relief from law's spending mandate

May 10, 2010
Bloomberg News
The health law passed by Congress in March will force insurers like WellPoint to give rebates to customers next year if the companies don't meet the medical-spending minimums.
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Bren Simon lashes out over 'wrongfully removed' medical log

May 10, 2010
Cory Schouten
Widow alleges in a new court filing that a former nurse aide for Melvin Simon stole a confidential medical log and unlawfully turned it over to attorneys representing one of Simon's children from a previous marriage.
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Simon shares surge despite failed General Growth deal

May 10, 2010
 IBJ Staff and Associated Press
Simon’s rise suggested investors believe the company will be just fine without General Growth Properties Inc., the Chicago-based rival it had been pursuing for months.
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CIB set to release results of Pacers impact study

May 10, 2010
Scott Olson
The report from a Chicago consulting firm will detail how much the Indiana Pacers contribute to the local economy, as the Capital Improvement Board negotiates with team officials over paying $15 million in annual Conseco Fieldhouse operating costs.
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Packaging manufacturer plans 22 jobs in Westfield

May 10, 2010
Carmel-based CPS Inc. is moving into an existing 64,800-square-foot building and will begin hiring in July.
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Braly, Obama spar again over WellPoint cancellation policies

May 10, 2010
J.K. Wall
CEO of Indianapolis-based health insurer wrote to Obama on Sunday to rebut the president's criticism that WellPoint seeks out breast cancer patients to cancel their policies.
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Local funeral home operator in Michigan jail

May 10, 2010
Robert Nelms will spend at least a month in jail until the sale of Memory Gardens Management Corp. is complete. He is awaiting sentencing in Michigan and faces up to three years in prison.
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Cabela's revs up expansion, but leaves Greenwood off list

May 10, 2010
 IBJ Staff
The Nebraska-based outdoor retailer plans to open new stores again after a two-year, recession-induced halt on expansion. But the company is not reviving its plan for the 96-acre plot it owns in Greenwood.
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Wishard Hospital project is life blood to contractors

May 8, 2010
Scott Olson
Replacing the existing Wishard Memorial Hospital is so critical to the well-being of the sickly construction sector that one industry official likens the project to a "lifeline."
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  1. what Steve is doing and if he is on another radio station. That is the station I will listen to.

  2. From the story: "The city of Indianapolis also will consider tax incentives and funding for infrastructure required for the project, according to IEDC." Why would the City need to consider additional tax incentives when Lowe's has already bought the land and reached an agreement with IEDC to bring the jobs? What that tells me is that the City has already pledged the incentives, unofficially, and they just haven't had time to push it through the MDC yet. Either way, subsidizing $10/hour jobs is going to do nothing toward furthering the Mayor's stated goal of attracting middle and upper-middle class residents to Marion County.

  3. Ron Spencer and the entire staff of Theater on the Square embraced IndyFringe when it came to Mass Ave in 2005. TOTS was not only a venue but Ron and his friends created, presented and appeared in shows which embraced the 'spirit of the fringe'. He's weathered all the storms and kept smiling ... bon voyage and thank you.

  4. Not sure how many sushi restaurants are enough, but there are three that I know of in various parts of downtown proper and all are pretty good.

  5. Rick, how does granting theright to marry to people choosing to marry same-sex partners harm the lives of those who choose not to? I cannot for the life of me see any harm to people who choose not to marry someone of the same sex. We understand your choice to take the parts of the bible literally in your life. That is fine but why force your religious beliefs on others? I'm hoping the judges do the right thing and declare the ban unconstitutional so all citizens of Wisconsin and Indiana have the same marriage rights and that those who chose someone of the same sex do not have less rights than others.

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