News & Analysis

Interactive Intelligence reports strong profit, revenue

April 28, 2010
Interactive Intelligence's quarterly profit rises to $1.9 million, a 58-percent improvement over the first three months of last year.
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WellPoint profits rise, beat analysts' expectations

April 28, 2010
J.K. Wall
The Indianapolis-based health insurer was helped in first quarter by a mild flu season, but it now expects to lose nearly 700,000 customers by year end.
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Blackstone may join General Growth plan, Simon says

April 27, 2010
Bloomberg News
Simon Property Group and Blackstone Group LP are in "ongoing discussions" for an investment in General Growth after the mall operator turned down a $10 billion takeover bid from Simon in February, CEO David Simon said.
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Washington university president to lead NCAA

April 27, 2010
 IBJ Staff and Associated Press
The NCAA executive committee selected University of Washington President Mark A. Emmert to lead the national association that oversees college sports. Emmert, who is expected to start work by Nov. 1, replaces the late Myles Brand, who died of pancreatic cancer in September.
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WellPoint to adhere to new rescission rules early

April 27, 2010
J.K. Wall
The Indianapolis-based health insurer announced Tuesday afternoon it will be the first company to adopt stricter standards on canceling policies, which are contained in the health reform bill passed in March.
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Penrod Society thief sentenced to five years

April 27, 2010
Kathleen McLaughlin
Marion County Superior Court Judge Stanley Kroh sentenced Brandon Benker to three years in prison and two years in a Community Corrections program, in which he may be assigned to work release or home detention. Benker stole more than $380,000 from the group in 2008.
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Judge rejects Guidant's defibrillator plea deal

April 27, 2010
Bloomberg News
A federal judge has rejected Guidant Corp.'s guilty plea to charges it hid defects in heart defibrillators, after some doctors and patients complained about the $296 million deal.
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FAA says regional airline didn't inspect planes

April 27, 2010
Associated Press
Federal aviation officials want to fine Chautauqua Airlines $348,000 for allegedly flying regional jets thousands of times without performing required safety inspections.
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Central Indiana home sales up slightly in first quarter

April 27, 2010
Homes sold in the first three months of the year totaled 4,634, a 1-percent increase from the 4,593 in the same period last year. However, total sales volume jumped 12 percent, to $637 million.
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IU receives $4.8M for global business institute

April 27, 2010
 IBJ Staff
The grant from a private equity firm will fund MBA and doctoral students working with Latin American companies.
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Homeowners need to re-file for Homestead tax break

April 27, 2010
Scott Olson
The goal of the new law is to reduce tax fraud from Hoosiers who file for the Homestead deduction on more than one residence.
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Cummins profit jumps on demand from emerging markets

April 27, 2010
Scott Olson
The Columbus-based engine maker sees sales increase in developing countries such as China, India and Brazil.
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Calumet wins $132M federal defense contract

April 27, 2010
The one-year agreement calls for the Indianapolis-based company to supply aviation fuel to the Defense Energy Support Center in Virginia.
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Celadon reports quarterly profit on higher revenue

April 27, 2010
The Indianapolis-based trucking company saw profit rise to $400,000 in its third quarter from a $2.1 million loss in the same period last year.
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Architect finds new path as real estate struggles

April 27, 2010
Tom Harton
The 25-year-old Prince/Alexander architecture firm is on the path to being acquired by Dallas-based REES Associates, an employee-owned firm with 120 architects.
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General Growth hearing delayed to weigh bids

April 26, 2010
Bloomberg News
General Growth Properties Inc., the second-biggest U.S. mall owner, said a bankruptcy court hearing on its auction process will be delayed five days to give the company time to consider competing bids, including one from Indianapolis-based Simon Property Group.
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First Internet Bank profitable in first quarter

April 26, 2010
The Indianapolis-based parent company of First Internet Bank of Indiana said on Monday that it earned $2.2 million in the first quarter, compared with a loss during the same time frame last year.
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UPDATE: Emmis takeover deal unlikely to hit turbulence

April 26, 2010
Greg Andrews, Scott Olson
A big Emmis Communications Corp. shareholder believes the $90 million deal CEO Jeff Smulyan unveiled Monday morning to take the company private is unlikely to get derailed—even though it’s worth far less than a takeover offer Smulyan failed to get through his board four years ago.
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WellPoint gets lashing from Sebelius, again

April 26, 2010
J.K. Wall
Indianapolis-based health insurer trades jabs with U.S. health secretary after Reuters story claims insurer deliberately cancels coverage for breast cancer patients.
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Emmis chief looks to take company private

April 26, 2010
Scott Olson
JS Acquisition Inc., the company Emmis CEO Jeff Smulyan has established to complete the acquisition, would purchase all shares of publicly traded Emmis for about $90 million, according to Monday morning's announcement.
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Old National improves first-quarter performance

April 26, 2010
 IBJ Staff
Evansville-based Old National Bancorp on Monday reported a first-quarter profit of $10.1 million, up 84 percent from the prior-year period and a big improvement from the fourth quarter of 2009, when the company posted a loss of $9.3 million.
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U.S. farmers planting corn at record pace

April 26, 2010
Bloomberg News
U.S. corn farmers may have planted more acres last week than in any week ever as dry weather and more-productive equipment sped up fieldwork.
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Medicare Advantage may survive cuts under health reform

April 26, 2010
 IBJ Staff and Bloomberg News
The two largest U.S. health insurance companies, UnitedHealth, based in Minnetonka, Minn., and WellPoint Inc., based in Indianapolis, sell Advantage plans.
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State job fair part of Speedway's May festivities

April 26, 2010
Scott Olson
The central Indiana WorkOne Center is teaming with the Indianapolis Motor Speedway to present Career Day @ the Brickyard, an event that mixes job searching with racing.
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Franklin residents still struggle with solution for flooded land

April 25, 2010
Associated Press
Crews will begin in late April demolishing the first of 74 homes south of downtown Franklin damaged by massive flooding in June 2008. Officials still haven't decided how to reuse the land, and residents are torn.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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