News & Analysis

Indiana Design Center lines up tenants

April 13, 2010
Tom Harton
The $25 million project, which is the cornerstone of Carmel's Arts & Design District, has signed 11 interior design-related tenants and a restaurant.
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WellPoint, UnitedHealth, grapple with medical-cost mandate

April 13, 2010
Bloomberg News
A U.S. mandate forcing insurers led by UnitedHealth Group Inc. and WellPoint Inc. to spend 85 percent of revenue from premiums on medical care is the newest front in the battle between the Obama administration and companies over industry profits.
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Report: Simon may drop General Growth bid

April 12, 2010
Bloomberg News
Shares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.
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Purdue secures $15M to expand cancer research building

April 12, 2010
J.K. Wall
Stimulus dollars from the National Institutes of Health expected to spark 30 to 40 new research jobs by 2013.
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Hilbert in-law's insurance fraud trial set for October

April 12, 2010
Peter Schnitzler
As IBJ reported last year, Houston-based American General Life Insurance Company is attempting to invalidate a $15 million policy it issued in January 2006 insuring the life of Germaine “Suzy” Tomlinson—Conseco Inc. co-founder Stephen Hilbert’s mother-in-law—who died Sept. 28, 2008, at age 74.
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Ivy Tech gets $4.7M energy grant to retrain 1,500 workers

April 12, 2010
J.K. Wall
Federal money will help create programs at community college and Purdue University to offer skills in smart-grid technologies.
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Historic Landmarks to announce move, name change

April 12, 2010
Kathleen McLaughlin
Historic Landmarks Foundation of Indiana is expected to announce Tuesday that it will move its headquarters to the Old Centrum at 12th Street and Central Avenue in Indianapolis.
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Area home sales, prices continue to improve

April 12, 2010
Scott Olson
Sales agreements in the nine-county area rose last month by 10.6 percent, compared with the same month last year, while prices jumped 12.1 percent.
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Black Expo making pitch for lost CIB grant

April 12, 2010
Scott Olson
Not-for-profit hopes to have $150,000 in annual funding restored, particularly now that it has taken on the additional duties related to the Circle City Classic.
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Lilly sets date for move from Faris campus downtown

April 12, 2010
Work force reductions, new business structure make leased office space unnecessary. Moves will begin in late June.
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Women's Fund sets $20 million goal for endowment

April 10, 2010
Kathleen McLaughlin
The Women's Fund of Central Indiana recently completed an endowment drive that raised $7 million, making the endowment one of the largest of its kind in terms of assets.
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Noblesville company has high hopes for pomegranate

April 10, 2010
Kathleen McLaughlin
Verdure Sciences, a botanical-extract distributor, has invested more than $1 million in marketing and research, and hopes to see its product in more foods and drinks, perhaps even mouthwash.
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Adjunct instructors organize at IUPUI

April 10, 2010
J.K. Wall
Two problems come with prevalent use of adjunct instructors: a perception that adjuncts reduce the quality of instruction and the adjuncts' frustration with low levels of pay, security and benefits, and appreciation.
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Final Four run presents challenges for Butler

April 10, 2010
Anthony Schoettle
Horizon League Commissioner Jon LeCrone is hopeful Butler University officials will not let their enthusiasm over the school's recent push to the NCAA Championship game run wild.
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$15M loan brings EnerDel closer to launching productionRestricted Content

April 10, 2010
Kathleen McLaughlin
The locally based battery maker serves as collateral on the financing lined up by its New York-based parent, Ener1.
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Survey: Online generation values personal touch in givingRestricted Content

April 10, 2010
Kathleen McLaughlin
The findings may come as a surprise to not-for-profit executives who think the Internet generation doesn’t require a personal touch.
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Centaur bets on risky restructuring planRestricted Content

April 10, 2010
Peter Schnitzler
Bankrupt Hoosier Park owner Centaur Inc. has offered its creditors a risky reorganization plan. For it to work, dozens of hedge funds must stay in the game, in return for a chance to buy a big chunk of the company later.
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Nursing home association facing big debtRestricted Content

April 10, 2010
J.K. Wall
The Indiana Health Care Association is looking for a new leader even as it tries to dig out of a pile of debt. Current President Steve Smith, whose contract expires Nov. 30, says he's put the organization on a path to be financially stable by 2012. But his predecessor says Smith has ruined a once-strong organization.
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Airport shrugs off CEO probe over travel allegationsRestricted Content

April 10, 2010
Chris O'Malley
The Indianapolis Airport Authority board had heard the allegations that John Clark, their star candidate for airport CEO, spent big on world travel while chief of the Jacksonville Aviation Authority. Now, the Florida state attorney is collecting travel records there and information from Indianapolis about trips Clark made here for job interviews.
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Parking privatization may spur economic development

April 9, 2010
Peter Schnitzler
Mayor Greg Ballard's potential lease of more than 15,000 street, surface and garage parking spaces could create turnover downtown and in Broad Ripple, boosting retailers and restaurants.
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Keeping Stevens key to Butler's fund-raising plans

April 9, 2010
Anthony Schoettle
Assuring Stevens stayed in the Bulldogs' kennel is part of a multi-prong plan to grow the Indianapolis school's $11.2 million athletics department budget.
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Bennett demands ISTA support for school reforms

April 9, 2010
J.K. Wall
State superintendent of public instruction says teacher union support imperative to win federal grant.
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Steak n Shake unveils new restaurant prototype

April 9, 2010
Cory Schouten
The company now known as Biglari Holdings Inc. on Thursday unveiled a new prototype for future Steak n Shake restaurants. CEO Sardar Biglari said the goal is to open about 1,500 new franchise locations in the coming years.
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Lilly diabetes drug may have cancer risk, FDA says

April 9, 2010
 IBJ Staff and Bloomberg News
Once-weekly form of Byetta is awaiting the FDA's OK. Analyst predict the new version of the drug, if approved, could rack up sales of $2 billion annually.
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AIG's American General unit said to be seeking $3B term loan

April 9, 2010
Bloomberg News
Bank of America Corp. is arranging a five-year loan that will be sold at a discount of 98 cents to 98.5 cents on the dollar, according to a source who declined to be identified because the discussions are private.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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