News & Analysis

Adesa parent turns profit, beats expectations

February 26, 2010
Scott Olson
KAR Auction Services reported a profit of $5.3 million in the fourth quarter after sustaining a loss in the same period in 2008. The company's CEO attributed the turnaround to several factors, including the completion of an initial public offering.
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WellPoint records subpoened in California probe

February 26, 2010
Bloomberg News
The California attorney general has demanded documents from several health insurers, including Indianapolis' WellPoint, believing that their rate-setting and claims practices might be illegal.
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Study: Hospital clout spurs higher Calif. health costs

February 26, 2010
Bloomberg News
While insurers get the blame for rising health-care costs for consumers, surging fees from hospitals and the growing dominance of such providers may be just as responsible for driving up expenses, according to a new study examining California's market.
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Conseco's quarterly profit trimmed by legal costs

February 25, 2010
J.K. Wall
Carmel-based insurer Conseco Inc. has been profitable for four straight quarters.
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Battle for General Growth biggest real estate fight in years

February 25, 2010
Bloomberg News
The battle for General Growth Properties Inc., owner of more than 200 U.S. malls, is turning into the biggest real estate skirmish since the sale of Sam Zell's Equity Office Properties Trust.
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Indiana Senate approves plan to cut township boards

February 25, 2010
Associated Press
The bill now likely will go to a House-Senate conference committee to try to resolve the House-passed and Senate-approved versions of the bill.
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Sides mum after latest NFL bargaining session

February 25, 2010
Associated Press
The two sides held their latest round of negotiations in an Indianapolis hotel ballroom as the league's annual scouting combine began.
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Ethics bill clears Senate with unanimous support

February 25, 2010
Associated Press
The most sweeping Indiana legislation in years to tighten ethics and lobbying rules cleared the state Senate 50-0 Thursday and appeared headed soon to Gov. Mitch Daniels for his signature.
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Weather blamed for unexpected rise in jobless claims

February 25, 2010
Associated Press
New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of claims caused by snowstorms the previous week.
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WISH-TV to replace Martha Stewart with local style show

February 25, 2010
J.K. Wall
Daily morning talk show will feature local food, fashion, fitness and fads, but must separate itself from crowded cable market.
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Alternative energy firm eyeing New Castle plant

February 25, 2010
Scott Olson
Plans by Washington, D.C.-based D'Arcinoff Group to manufacture wind turbines in an idled plant in New Castle could create 1,800 jobs in the next two years.
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Westfield Group enters General Growth fray, source says

February 25, 2010
Bloomberg News
Additional offers beyond those by Simon Property Group and Brookfield Asset Management may emerge, General Growth President Thomas H. Nolan Jr. said.
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Republic to buy $3B in jets; quarterly profit rises

February 25, 2010
 IBJ Staff and Bloomberg News
Republic has agreed to buy 40 Bombardier Inc. CS300 regional jets valued at $3.06 billion, the largest order for the aircraft since its introduction in 2008.
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Brookfield deal doesn't put Simon out of General Growth game

February 25, 2010
Bloomberg News
The bid by Simon Property was an "initial salvo" and the Brookfield plan likely will prompt a new offer from the Indianapolis-based mall owner, real estate research analyst says.
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Indiana House OKs tax-increase repeal, jobs bill

February 24, 2010
Associated Press
The Indiana House approved legislation Wednesday that would repeal an unemployment-insurance tax increase and approved a package of tax credits and other incentives designed to create jobs.
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General Growth plans to split in two to exit bankruptcy

February 24, 2010
Bloomberg News
General Growth Properties Inc. plans to split in two to exit bankrupty and will receive $2.63 billion in capital from Brookfield Asset Management Inc
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Comedy club reopening under new ownership

February 24, 2010
Scott Olson
New local owners of Morty's Comedy Joint on East 96th Street plan to open the club on March 4. It has been closed since early January.
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IU president plans aggressive building campaign

February 24, 2010
J.K. Wall
In a speech Tuesday, President Michael McRobbie said IU is gunning to construct at least 12 buildings on its Bloomington and Indianapolis campuses in spite of the economy and falling state funding.
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WellPoint CEO blames health costs for hikes

February 24, 2010
Associated Press
Amid attacks from Democrats over high executive salaries, Angela Braly testified in Washington, D.C., on Wednesday that big insurance-premium increases are the result of growing price tags for hospital care and pharmaceuticals.
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Fort Wayne equipment distributor adding 150 jobs

February 24, 2010
Heritage Food Service Equipment Inc. will begin hiring in March, as a $1.5 million upgrade to its 125,000-square-foot facility is completed.
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WellPoint testimony drops green flag on health reform restart

February 24, 2010
J.K. Wall
CEO Angela Braly is defending individual premium hikes one day before Obama's summit to debate his new reform proposal with Republicans.
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Norwood moving to Florida; Indianapolis losing 99 jobs

February 24, 2010
Scott Olson
Norwood Promotional Products is departing Indianapolis for Clearwater, Fla., as part of a larger consolidation undertaken by the company's parent, Bic Graphic USA.
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Regulatory job prompts Mays to resign as Recorder publisher

February 24, 2010
Carolene Mays plans to leave the Indianapolis newspaper after being named to the Indiana Utility Regulatory Commission.
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Obama health reform plan slaps drugmakers

February 24, 2010
J.K. Wall
Drugmakers, such as Indianapolis-based Eli Lilly and Co., would shoulder $3.3 billion in fees, face ban on pay-for-delay deals with generic competitor.
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Schools decry funding disparity in lawsuit

February 24, 2010
Associated Press
Hamilton Southeastern will see its per-pupil spending of $5,000 drop about $100 in 2010 despite a projected 900-student increase, the lawsuit says. Indianapolis Public Schools, which has lost more than 1,000 students a year for the last five years, will receive $7,500 per student in 2010.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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