News & Analysis

Education stocks rise as reports hint at looser rules

April 13, 2010
Bloomberg News
Shares of ITT Educational Services rose 9.6 percent Tuesday, their biggest gain in seven months.
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Ex-race car driver loses appeal on Porsche ownership

April 13, 2010
Michael W. Hoskins
The 7th Circuit Court of Appeals has ruled that the Indianapolis Motor Speedway Foundation Inc. is the rightful owner of a classic 1979 Porsche on display at its Hall of Fame Museum.
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City cracks down on illegal massage parlors

April 13, 2010
Peter Schnitzler
A multi-agency code-enforcement sweep aimed at curbing prostitution and human-trafficking targets 13 massage parlors.
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Cook promises Old Centrum work will be done by year-end

April 13, 2010
Kathleen McLaughlin
Philanthropist Bill Cook will manage a $7 million restoration of the former Old Centrum building at 12th Street and Central Avenue in Indianapolis, and the newly renamed Indiana Landmarks will move its headquarters there.
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Airport CEO spent $37K on travel in first year

April 13, 2010
Chris O'Malley
John Clark took trips to Malayasia, England and the Super Bowl during his first year as CEO of the Indianapolis Airport Authority.
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Fair Finance trustee sues Dan Laikin for $19M

April 13, 2010
Greg Andrews
The suit against Laikin, a longtime friend of Fair Finance CEO Tim Durham, is the first major legal move to untangle the morass of related-party loans that propelled the company into insolvency.
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Centaur's junior lenders press for bankruptcy liquidation

April 13, 2010
Peter Schnitzler
Unsatisfied with the Hoosier Park owner's reorganization plan, hedge funds represented by Wells Fargo Bank petition for conversion of Chapter 11 bankruptcy into Chapter 7.
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CIB takes Black Expo grant request under consideration

April 13, 2010
Local not-for-profit wants annual $150,000 grant from the Capital Improvement Board restored to better market the Circle City Classic.
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Employers want cake, and to eat it, too

April 13, 2010
J.K. Wall
Employers are still trying to get their arms around what the new health insurance law will mean for them. But on the eve of the law's passage last month, a survey by Indianapolis-based United Benefit Advisors LLC showed employers as a group had no hope the law would reduce their costs but also no coherent plan for reforming the current system.
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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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  1. Really, taking someone managing the regulation of Alcohol and making himthe President of an IVY Tech regional campus. Does he have an education background?

  2. Jan, great rant. Now how about you review the report and offer rebuttal of the memo. This might be more conducive to civil discourse than a wild rant with no supporting facts. Perhaps some links to support your assertions would be helpful

  3. I've lived in Indianapolis my whole and been to the track 3 times. Once for a Brickyard, once last year on a practice day for Indy 500, and once when I was a high school student to pick up trash for community service. In the past 11 years, I would say while the IMS is a great venue, there are some upgrades that would show that it's changing with the times, just like the city is. First, take out the bleachers and put in individual seats. Kentucky Motor Speedway has individual seats and they look cool. Fix up the restrooms. Add wi-fi. Like others have suggested, look at bringing in concerts leading up to events. Don't just stick with the country music genre. Pop music would work well too I believe. This will attract more young celebrities to the Indy 500 like the kind that go to the Kentucky Derby. Work with Indy Go to increase the frequency of the bus route to the track during high end events. That way people have other options than worrying about where to park and paying for parking. Then after all of this, look at getting night lights. I think the aforementioned strategies are more necessary than night racing at this point in time.

  4. Talking about congestion ANYWHERE in Indianapolis is absolutely laughable. Sure you may have to wait in 5 minutes of traffic to travel down BR avenue during *peak* times. But that is absolutely nothing compared to actual big cities. Indy is way too suburban to have actual congestion problems. So please, never bring up "congestion" as an excuse to avoid development in Indianapolis. If anything, we could use a little more.

  5. Oh wait. Never mind.

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