News & Analysis

Web firm promises 107 new jobs after '08 pledge fell short

June 22, 2010
Scott Olson
Fusion Alliance made a similar agreement to receive state and local incentives in 2008, but the jobs failed to materialize.
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Study of local mortgage defaults shows benefit of counseling

June 22, 2010
Peter Schnitzler
A study by the Federal Reserve Bank of Chicago finds a strong correlation between pre-mortgage credit counseling and loan performance after comparing Indianapolis Neighborhood Housing Partnership clients with other low-income Marion County borrowers.
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PNC foreclosing on Janus Lofts building

June 22, 2010
Cory Schouten
Pittsburgh-based PNC Bank has filed to foreclose on the historic five-story Janus Lofts building at 240 S. Meridian St.
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Brother of late CEO takes helm at Holiday World

June 22, 2010
 IBJ Staff
Dan Koch has been named president and CEO of Holiday World & Splashin' Safari amusement park in southern Indiana, taking over after the unexpected death of his brother Will earlier this month.
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Toyota adding 100 workers at Indiana factory

June 22, 2010
Associated Press
The hiring follows Toyota's announcement this month that it would move some of its Highlander SUV production from Japan to the Princeton plant.
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Comcast's pledge to NBC stations keeps Olympics, NFL off cable

June 22, 2010
Bloomberg News
Television station owners affiliated with NBC agreed to support Comcast Corp.’s purchase of NBC Universal after the company pledged it won’t shift events such as the Olympics and U.S. football to cable, an executive said.
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Lilly layoffs pare communications department

June 21, 2010
J.K. Wall
The giant drugmaker is in the process of trimming 35 percent—or about 19 people—from its 55-person communications staff. Most of that staff is based in Indianapolis.
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Durham poised to turn over proceeds of mansion sale

June 21, 2010
Greg Andrews
Beleaguered financier Tim Durham acknowledges owing millions to Fair Finance and is turning over artwork and selling assets to reduce the loan, according to an attorney overseeing the company's bankruptcy.
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City Market lands another fresh-food vendor

June 21, 2010
Peter Schnitzler
Pretzel-maker A Taste of Philly expands from its current location at 42nd Street and College Avenue to take 200 square feet of space inside the historic downtown market, slated for a major overhaul.
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Westfield residents to hear plans for $1B development

June 21, 2010
Scott Olson
The Estridge Cos., a Carmel-based home builder, will present details of the massive project—mixing condos, apartments and retail with a $15 million stadium—at a public hearing Monday evening.
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Walton charity pledges $1.2M for Indy charters

June 21, 2010
 IBJ Staff
An Arkansas-based charity, formed by Wal-Mart Stores founder Sam Walton, will run a competition to award grants to five community organizations that want to start charter schools.
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Durham's Geist mansion listed for $5.5 million

June 19, 2010
 IBJ Staff
Beleaguered local businessman Tim Durham's Geist home is listed for sale with a $5.5 million asking price.
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Mount Comfort Airport revs up growth plansRestricted Content

June 19, 2010
Kathleen McLaughlin
For the six general aviation airports that ring Indianapolis, landing business jets is like finding silver dollars in a bucket of pennies. Though relatively few compared with the number of piston-engine planes, jets consume three times as much fuel at the area's small airports.
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INDIANA 100: Taking measure of state's largest companies

June 19, 2010
Few companies eked out revenue gains last year, and profits were hard to come by. See which companies overcame the odds to climb ahead, and which ones took a shellacking in our annual Indiana 100 section.
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Circle Centre vies to keep anchor stores

June 19, 2010
Cory Schouten
Deals for both Nordstrom and Carson Pirie Scott are up for renewal in the coming months.
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City takes risk with debt-laden IT-overhaul pickRestricted Content

June 19, 2010
Peter Schnitzler
To spearhead a once-in-a-generation overhaul of local government's antiquated back-office computer system, Mayor Greg Ballard has chosen an unprofitable software firm that as recently as March 31 warned investors that debt-refinancing issues could force it out of business.
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Recession hammered revenue of Indiana's largest public companies

June 19, 2010
Marc D. Allan
Few escaped the Great Recession unscathed, and unusual circumstances helped some appear as though they did.
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Slow economy bruises profits of Indiana's largest public companiesRestricted Content

June 19, 2010
Marc D. Allan
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
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Indiana's biggest private companies majored in the basics in 2009Restricted Content

June 19, 2010
Martha P. Allan
Health care, plastics, other fundamental consumer needs kept some companies on upswings.
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Some Indiana entrepreneurs hit the gas pedal in tough timesRestricted Content

June 19, 2010
Marc D. Allan, Martha P. Allan
What recession? Some firms are enjoying explosive growth.
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Promising ethanol yeast nears market launchRestricted Content

June 19, 2010
Chris O'Malley
A firm that may have developed a breakthrough yeast for ethanol production has landed new investment and high-octane board members. Two-year-old Xylogenics Inc. also says it plans to license its first bioengineered yeast later this year.
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Website aims to help grads with life after collegeRestricted Content

June 19, 2010
Joe Jasinski
Partners Cate McLaughlin and Kyle Falk started the website askcateandkyle.com last July to help recent graduates deal with the trials and tribulations of life after college. Their potential audience is huge.
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JA working its way out of real estate troublesRestricted Content

June 19, 2010
Kathleen McLaughlin
If the debt refinancing is completed, Junior Achievement would be nothing more than a tenant at the Gene B. Glick Junior Achievement Education Center.
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Braly's political skirmishes hurting insurer, critics say

June 19, 2010
J.K. Wall
When WellPoint Inc. named Angela Braly its CEO three years ago, it touted her experience dealing with politicians and government regulators. But WellPoint is now the poster child for health insurer bad behavior—credited in Washington with reviving a dead health reform bill the company opposed.
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IPL mulling hydroelectric power on Ohio RiverRestricted Content

June 19, 2010
Chris O'Malley
Expecting to be burned by greenhouse gas legislation that will make electricity generated from coal costly, Indianapolis Power & Light is studying whether to buy power from two hydroelectric projects proposed for the Ohio River, near Evansville.
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