News & Analysis

Habitat foreclosures on riseRestricted Content

May 22, 2010
Kathleen McLaughlin
So far this year, Habitat for Humanity of Greater Indianapolis has filed six foreclosure suits, more than in any of the past five years. The organization also repossessed four houses as a result of the prior year's foreclosures. In a typical year, CEO Dean Illingworth said, Indy Habitat takes back one or two houses, so the recent uptick is troubling.
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Indianapolis airport traffic jumped in April

May 21, 2010
Chris O'Malley
Indianapolis International Airport sees first rise in passenger traffic in almost three years.
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INSIDE DISH: Ambrosia's Pizzi hits learning curve

May 21, 2010
Mason King
Ambrosia_WatchVideoLocal restaurateur Gino Pizzi refocuses his new downtown locale after unexpected challenges, including higher costs and lackluster lunch business.
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State unemployment rate climbs back to 10 percent

May 21, 2010
Indiana unemployment figure hits double digits in April for the first time since September, showing how volatile the job market remains.
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State opens 2nd biz-development office in China

May 21, 2010
 IBJ Staff
Zhejiang Province office will be Indiana Economic Development Corp.'s seventh international location.
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Eli Lilly invests in $250M Australian venture fund

May 20, 2010
 IBJ Staff and Bloomberg News
The unnamed venture fund will be based in Brisbane, and will focus on biotechnology investments in Australia and southeastern Asia.
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Jobless claims rise by largest amount in 3 months

May 20, 2010
Associated Press
Applications for unemployment benefits rose to 471,000 last week, up by 25,000 from the previous week, the Labor Department said Thursday. It was the first increase in five weeks and the biggest jump since a gain of 40,000 in February.
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Health care suppliers need to think long term, expert says

May 20, 2010
Chris O'Malley
Companies in the health care supply chain need to engage in more strategic, long-term preparation even as the industry faces uncertainties and upheaval, MIT expert tells local conference attendees.
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City Market steering away from food court reputation

May 20, 2010
Scott Olson
Proposed $2.7 million renovation would take down west wing and make cosmetic improvements before 2012 Super Bowl.
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UPDATE: Arcadia confirms major growth plans

May 20, 2010
 IBJ Staff
Arcadia Resources Inc. is planning a $3.9 million expansion of its Indianapolis headquarters and pharmacy operations, the company said Thursday morning, confirming that it plans to add as many as 930 jobs by 2013.
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Mitsubishi planning Franklin expansion

May 20, 2010
 IBJ Staff
A Franklin manufacturing facility is planning a $9.4 million expansion project that would more than double employment over the next two years.
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AARP backs retirees in court fight over IPL benefits plan

May 20, 2010
Chris O'Malley
The AARP says IPL "perverted" a promise to its retirees regarding post-retirement benefits. The retirees have appealed their case to the Indiana Supreme Court.
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Drug-spending increase highest in four years

May 20, 2010
Bloomberg News
The price increase was fueled by the debate over the health-care overhaul in Washington, D.C., Medco Health Solutions Inc. CEO David Snow said.
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Another renovation proposed for City Market

May 20, 2010
 IBJ Staff and Associated Press
Indianapolis officials are proposing a $2.7 million renovation of the downtown City Market, three years after the last major renovation failed to boost business.
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Indiana's 812 area code running short of numbers

May 19, 2010
Associated Press
An April report to the Indiana Utility Regulatory Commission shows that the area code has exhausted 91 percent of its prefixes.
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Arcadia Resources says it will add 930 jobs

May 19, 2010
Scott Olson
Executives of the health care services provider will be joined by Gov. Mitch Daniels and Mayor Greg Ballard for a Thursday morning announcement at the company's headquarters.
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LEADING QUESTIONS: Literacy leader pens success story

May 19, 2010
Mason King
LQ_DiNicola_WatchVideoIndy Reads' Travis DiNicola empowers employees by preaching an entrepreneurial mindset.
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Gavel flies on muscle car auction

May 19, 2010
 IBJ Staff
"My Name is Earl" and "Charlie's Angels" cars are among the more peculiar offerings at the 1,750-vehicle Mecum Auction Co. collector car sale that runs through Sunday at Indiana State Fairgrounds.
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Wind energy jobs sought at Dallas trade show

May 19, 2010
 IBJ Staff
An economic development squad is heading to Dallas to woo wind-energy firms. Indiana ranked second in the nation last year in adding wind-generating capacity.
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Cash-strapped IndyGo planning to cut routes

May 19, 2010
 IBJ Staff
Faced with a $3.2 million budget shortfall, IndyGo proposes the elimination of the Airport Express route, the Route 87 Eastside Circulator and the IndyGo Commuter Express to Carmel and Fishers.
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Evans: Health care real estate is evolving

May 19, 2010
J.K. Wall
If Clarian Health CEO Dan Evans were investing in health care real estate, he’d make bets in three new things: smaller, denser clinics with lots of computer equipment to do telemedicine; medical office buildings populated by physician assistants; and nursing homes with a strong relationship with a hospital.
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ER doc is affable WellPoint activist

May 19, 2010
J.K. Wall
Dr. Rob Stone wants the giant health insurer to convert to not-for-profit status and put him, an advocate of national health insurance, on the company's board.
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Tipton County OKs $13M bond to help sell Getrag plant

May 19, 2010
 IBJ Staff
The Tipton County Council on Tuesday unanimously approved $13 million in incentives intended to help land a solar power firm interested in buying the empty Getrag plant on U.S. 31 near Kokomo.
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IMPD suspends officer over golf cart incident

May 18, 2010
Cory Schouten
The Indianapolis Metropolitan Police Department has suspended and reassigned a supervisor on Marion County Prosecutor Carl Brizzi's security detail who incorrectly reported that a fellow officer—and not Brizzi—was driving a golf cart that flipped at a 2008 political fundraiser.
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Old General Motors sites could receive $800M for clean up

May 18, 2010
Associated Press
The proposed sites include the Indianapolis Stamping plant on the west side and the former GM Delco Plant 5 in Kokomo.
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