News & Analysis

Resurgent Finish Line eyes plan for cash hoard

May 15, 2010
Cory Schouten
Finish Line Inc. is working to deploy the money it has built up through cost-cutting. The 684-store chain plans to reinvest in its core business, return cash to shareholders through higher dividends and share repurchases, and diversify its business.
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Duke Energy downsizes smart-grid plansRestricted Content

May 15, 2010
Chris O'Malley
Duke Energy has dramatically scaled back its proposed "smart" electric grid rollout, five months after regulators rejected an initial, $445 million plan.
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Renamed Conseco OK with less-flashy futureRestricted Content

May 15, 2010
J.K. Wall
CNO Financial Group Inc., known as Conseco Inc. until May 11, has become almost the polar opposite of what it was under flashy co-founder Steve Hilbert. Instead of high-octane growth driven by merger deals, CNO Financial has returned to profitability by selling low-dollar products and emphasizing low-cost operations.
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Unorthodox pay package puts Biglari on defensiveRestricted Content

May 15, 2010
Greg Andrews
Sardar Biglari, chairman and CEO of Biglari Holdings Inc., the Texas-based parent of Steak n Shake, rolled out a hedge-fund-style compensation plan for himself late last month that could put staggering sums in his pocket.
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Prosecutor drops arson charges in Cosmopolitan fire

May 14, 2010
 IBJ Staff
Homeless man Brandon Burns had been accused of setting the massive blaze.
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IU lands $8.5 million grant to renovate Riley hospital

May 14, 2010
Gift will be used for a pediatric research facility to better identify how genetic and environmental factors contribute to diseases in children.
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Shareholders sue to block deal to take Emmis private

May 14, 2010
J.K. Wall
The lawsuits, filed in Marion Superior Court, say board members have breached fiduciary duties by making no recommendation on deal that, they say, will enrich Chairman Jeff Smulyan at the expense of minority shareholders.
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INSIDE DISH: Real estate deals central to success for Santorini

May 14, 2010
Mason King
Santorini_watchvideoShrewd moves have allowed restauranteur Taki Sawi to cement Santorini Greek Kitchen in Fountain Square and pave the way for future expansion.
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Weather, sponsors should boost Broad Ripple Art Fair

May 14, 2010
Scott Olson
In its 40th year, event will feature 225 artists in a format expanded to two days.
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Bioanalytical Systems names new chief executive

May 14, 2010
 IBJ Staff
West Lafayette-based Bioanalytical Systems Inc. has promoted Anthony S. Chilton to CEO following the retirement of top executive Richard M. Shepperd earlier this year.
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Local businesswoman re-elected as chair of national group

May 14, 2010
Jean Wojtowicz will serve another one-year term leading the board of the National Association of Development Companies.
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Lilly, others cut U.S. tax bills through transfer pricing

May 14, 2010
Bloomberg News
U.S. companies, including Eli Lilly, amassed at least $1 trillion in foreign profits not taxed in the U.S. as of the end of last year. That cumulative total increased 70 percent over three years.
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FBI combs through records on Brizzi deals

May 13, 2010
Cory Schouten
The FBI is collecting records on an Elkhart real estate deal and an Indianapolis drug case, both involving Marion County Prosecutor Carl Brizzi and defense attorney Paul Page.
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State auctioning 'lost' Indianapolis Indians stock

May 13, 2010
Scott Olson
The bidding for eight shares with unclaimed ownership will begin at $25,000 each. Shares in the team rarely come up for sale.
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Cheer competition inks three-year extension with city

May 13, 2010
Jamfest Cheer Super Nationals will be held in Indianapolis through 2015. The competition is one of the city's largest annual gatherings, attracting about 20,000 cheerleaders and spectators.
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Indiana, IBM sue each other over welfare contract

May 13, 2010
 IBJ Staff and Associated Press
IBM says it is owed nearly $53 million in fees and equipment expenses under the 2006 contract. The state says in its lawsuit that it has paid $437 million to IBM and has received "minimal value" in return.
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Stockholders of unclaimed Indians shares

May 13, 2010

The listed holders of eight unclaimed shares of Indianapolis Indians stock and their last known addresses:

ADI Appliances
5350 Lakeview Parkway South Drive
Indianapolis
(owns two shares)

Borden’s Golden Social Club
6815 Guion Road
Indianapolis

Mary H. Martin
3655 Boulevard Place, No. 212
Indianapolis

Estelle R. Spurling
7988 N. Michigan Road, Apt. 308
Indianapolis

Jeanette E. Herr
3208 Lost Valley Road
Fort Wayne, Ind.

Lillian Ramsey
300 N. Michigan St., Suite 404
South Bend, Ind.

William B. Frost
467 N. Conde St.
Tipton, Ind.

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LEADING QUESTIONS: Lead-foot Skillman takes tactful route

May 12, 2010
Mason King
LQ_Skillman_WVLt. Gov. Becky Skillman left behind the hot-rod racing of her youth for the hallowed halls of the Statehouse. Polite persuasion is her secret weapon.
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City visitors group launches $1.3M ad campaign

May 12, 2010
Scott Olson
The Indianapolis Convention & Visitors Association is spending $1.3 million to promote the city to eight Midwestern markets, in hopes of attracting more travelers.
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Ritter's buyer embarking on custard chain turnaround

May 12, 2010
Scott Olson
After purchasing the Franklin-based company two years ago, TruFoods says it now is positioned to seek franchisees in an attempt to grow the Ritter's chain to 100 locations within five years.
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'Indiana Experience' boosts Historical Society visits

May 12, 2010
Society says the attendance represents a 57.4-percent increase over typical walk-in traffic to the Indiana History Center.
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WTHR names new general manager

May 12, 2010
John Cardenas, news director at WBNS-TV Channel 10 in Columbus, Ohio, will assume his new job at WTHR June 1. He'll take over for Jim Tellus, who died suddenly in early March.
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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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