News & Analysis

Masonic Home plans $8M assisted-living center in Franklin

May 6, 2010
Groundbreaking will be held May 16 to mark start of construction on center to be built on 300-acre campus.
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Productivity grew 3.6 percent in first quarter

May 6, 2010
Associated Press
Productivity growth and falling labor costs are good for corporate profits but mean household incomes continue to be squeezed, putting the economic recovery at risk.
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Kite reports first-quarter loss on lower revenue

May 6, 2010
Developer's $1.1 million loss in the first quarter reflected lower construction activity and lower gains on land and outlet sales.
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Adesa parent increases revenue, profit

May 6, 2010
 IBJ Staff
Carmel-based KAR Auction Services Inc. on Wednesday reported a first-quarter profit of $8.1 million, reversing a $3.5 million loss in the same period last year.
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Brightpoint reports higher revenue, earnings

May 6, 2010
 IBJ Staff
Brightpoint handled 22.5 million units in the first quarter, a jump of 21 percent compared to the first quarter of 2009.
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LEADING QUESTIONS: Small biz whiz talks taking risks

May 5, 2010
Mason King
LQ_Ball_WatchVideoMarketing pro Lorraine Ball suggests a test for when it's time to ditch the corporate gig, plus tips for networking and public speaking.
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Marketing experts: Clarian will get boost from IU name

May 5, 2010
J.K. Wall
The Indianapolis-based hospital system, which has 16 hospitals as far afield as LaPorte, Hartford City and Paoli, can now associate with all its facilities the name of the school that trains the majority of doctors and nurses throughout the state.
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Report: Examiners failed to curb risky lending at Irwin Union

May 5, 2010
 IBJ Staff and Bloomberg News
The now-defunct Irwin Union Bank and Trust almost tripled in size from 2000 to 2005 as it extended credit to subprime mortgage borrowers with insufficient collateral.
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Lilly sues to block copy of Evista osteoporosis drug

May 5, 2010
Bloomberg News
Watson Pharmaceuticals filed for FDA approval to sell a low-cost version of Eli Lilly and Co.'s osteoporosis medicine. Indianapolis-based Lilly is seeking a court order that would block approval until three of its patents expire in 2017.
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Republic suffers $36.5M loss in first quarter

May 5, 2010
Indianapolis-based carrier took an $11.5 million charge to write off the Midwest Airlines brand name. Republic is combining Milwaukee-based Midwest with Denver-based Frontier Airlines.
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New federal funds come with big goals

May 5, 2010
J.K. Wall
Indiana has now received nearly $50 million in federal bucks to digitize health care around the state. But the latest grant—$16 million to the Indiana Health Information Exchange—comes with specific, ambitious goals for health care providers.
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Reduced production drives Calumet to a loss

May 5, 2010
 IBJ Staff
High crude oil prices and lower production hurt the bottom line at Calumet Specialty Products Partners LP, which Wednesday reported a $13.1 million first-quarter loss. It posted a $75.6 million profit in the first three months of 2009.
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Clarian hospital system to adopt IU name

May 5, 2010
J.K. Wall
Clarian will become Indiana University Health early next year in a bet the IU brand carries more punch statewide and nationally.
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Voters back school-funding plans across central Indiana

May 5, 2010
 IBJ Staff
Voters in Washington Township, Pike Township, Speedway, Carmel Clay and Noblesville approved higher tax rates to help prevent teacher cuts or support building projects.
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Voters turn out in light numbers for Indiana primary

May 4, 2010
Associated Press
The low turnout could be due in part to the number of people who sought ballots early this year. More than 96,000 early and absentee ballots were issued statewide.
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Carson to face Scott in 7th District race

May 4, 2010
Associated Press
Democratic Rep. Andre Carson easily defeated three challengers for his party's nomination in Indiana's 7th District.
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Rokita wins in Indiana's GOP-heavy 4th District

May 4, 2010
Associated Press
The race for Steve Buyer's seat became a three-month sprint among 13 candidates after he announced in late January that he would retire after 18 years in Congress.
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Burton gets another GOP nod in 5th District

May 4, 2010
Associated Press
Dan Burton is seeking his 15th term from the heavily Republican district after narrowly beating former state Rep. Luke Messer.
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Coats wins GOP nomination for Senate race

May 4, 2010
Associated Press
In Indiana this fall, Coats will face Democrat Brad Ellsworth, whose nomination is assured. The candidates are seeking the seat held by retiring Democratic Sen. Evan Bayh.
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Conseco profit edges analyst expectations

May 4, 2010
J.K. Wall
The Carmel-based life and health insurer earned $33.9 million in the quarter, more than 38 percent higher than during the same quarter a year earlier. Nearly all of that increase, however, was due to lower losses on investments and debt modifications.
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General Growth hearing delayed as Simon makes new bid

May 4, 2010
Bloomberg News
General Growth said the hearing before U.S. Bankruptcy Judge Allan Gropper has been moved from Wednesday to Friday.
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Central Indiana gets $16M in health IT stimulus

May 4, 2010
 IBJ Staff and Bloomberg News
The central Indiana area has been selected as one of 15 communities that will share in $220 million worth of grants for pilot projects to test health-care information technology.
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State revenue continues to fall short of projections

May 4, 2010
Indiana has missed budget projections for nine out of the last 10 months. April tax collections hit their lowest mark since 2004.
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Subaru adding production at Lafayette plant

May 4, 2010
Japanese automaker has boosted employment by 200 since August to meet demand for its Outback and Legacy models.
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Denny's proxy fight follows Steak n Shake template

May 4, 2010
Cory Schouten
A group of dissident investors is trying to wrest control of the Denny's restaurant chain using the same formula that led to a successful takeover of Steak n Shake.
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  1. Yes sir keep cashing those 300K a year checks direct to IMS, while millions disappear from the teams like Rahal's. Guess there wasn't enough ka- ching going around to keep Sarah Fisher in business without their "merger". LOL._____.Meanwhile back in Realville the series with the "best racing in the world" drew what appeared to be about 5000 live spectators ( and probably 1500 of those Target "freebies", and was beaten in the ratings by a series that reportedly consists of "parades" and aired while most people are still sleeping. That will generate those big ka-chings for sure. :-). But, hey, as long as the Speedway gets the cash who gives a damn about the teams?

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  3. If I could actually get the prices...I would do this on my own. We need laws that force provides to publish the costs they will charge. Everyone else gives you the price in advance...except hospitals.

  4. I was under the impression that fencing is not allowed on a front yard and that on a corner, both sides are considered "front" yards, therefore can't be fenced without a variance. Also impedes the visibility for drivers at the intersection. Am I understanding this correctly? Might be why a fence was not included in the plans and a request for a variance will have to be made?.

  5. I was a big fan of Cowards and Carrots, which I got a chance to see at the show. It's currently on Kickstarter, but the designer also put out What's He Building in There last year, which got a fair amount of buzz.

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