News & Analysis

Metro-area home sales plummet

February 22, 2010
January home sales in the nine-county Indianapolis area fell 16.5 percent from the same month last year, according to a report from Re/Max of Indiana. But the housing news wasn't all bad. The average price of a home in the area jumped 12.1 percent.
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White River Capital sees jump in quarterly profit

February 22, 2010
White River Capital's profit rose in the fourth quarter, due largely to a strong performance by its main subsidiary, Coastal Credit LLC.
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Rolls-Royce snares military helicopter contract

February 22, 2010
Rolls-Royce Corp.'s Indianapolis manufacturing facility has been awarded a multimillion-dollar contract by the U.S. Army to develop a digital engine control for one of its helicopters.
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Bayh's war chest could play role in Senate race

February 22, 2010
Associated Press
Bayh, who announced last week that he would not seek a third term in the Senate, has wide legal flexibility in directing the $12.2 million left in his campaign account.
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Young & Laramore wins back Stanley Steemer account

February 20, 2010
Anthony Schoettle
Indianapolis’ largest ad agency has achieved a rare coup in the advertising world, winning back one of its biggest former clients: flooring and upholstery cleaning firm Stanley Steemer.
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Ballard's high-risk IT project could save millions - or flop

February 20, 2010
Peter Schnitzler
Indianapolis Mayor Greg Ballard has decided to overhaul the city's and county's 1970s-era financial IT systems—a move that could cement his reputation for improving government efficiency. But the upgrade also is fraught with risk.
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Commercial brokers trying property management in hard times

February 20, 2010
Scott Olson
The commercial real estate slump is prompting several Indianapolis brokerages to add property-management services to their portfolios or bolster existing ones.
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Plan for optional interstate tolls may hit potholesRestricted Content

February 20, 2010
Chris O'Malley
A proposal to add optional toll lanes to parts of Interstates 69 and 65 raises all kinds of questions, such as how to squeeze more lanes into the crowded I-69 corridor northeast of the city. And it’s debatable whether toll lanes could make more money than they cost to implement.
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Obama's stimulus aims to boost access to small-biz loans

February 20, 2010
Peter Schnitzler
No incentive can make a bad deal bankable. But President Obama's stimulus measures are spurring some promising small businesses to begin borrowing again, despite the recession.
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Simon's $10 billion bid for bankrupt General Growth roils retailingRestricted Content

February 20, 2010
Cory Schouten
Simon Property Group Inc. already is known for playing hardball with mall tenants over rent. So national retailers like The Gap Inc. and Limited Brands Inc. will be bracing for future lease negotiations if the nation's largest mall owner succeeds in a $10 billion bid to take over its nearest rival, the bankrupt General Growth Properties Inc.
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Millionaire lawyer jumps into Melvin Simon will fight

February 20, 2010
Greg Andrews
Mike Ciresi, who’s representing widow Bren Simon, helped win a $6 billion settlement from the tobacco industry.
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Urban Land Institute chapter launches in IndianapolisRestricted Content

February 20, 2010
Cory Schouten
Chapter, heavily populated by developers, hopes to guide sustainable development.
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New Kiwanis boss aiming to halt membership slideRestricted Content

February 20, 2010
Kathleen McLaughlin
The Indianapolis-based service organization has 239,000 adult members, down 26 percent from the 1992 peak of 324,727.
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WellPoint's health insurance rate hike spurs legislative inquiryRestricted Content

February 20, 2010
J.K. Wall
The furor over WellPoint Inc.’s premium hikes have migrated from California to Indiana, where state lawmakers held a high-profile hearing.
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Lilly asks shareholders to lower takeover barrier

February 20, 2010
J.K. Wall
Eli Lilly and Co. directors have recommended that shareholders toss out the drugmaker's most potent protection against unwanted takeovers: an 80-percent supermajority vote threshold for any shareholder mutiny to succeed.
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New electronic radio ratings system rattling nervesRestricted Content

February 20, 2010
Anthony Schoettle
Local radio operators are bracing for a potential ratings shake-up. The introduction of Arbitron Co.'s Portable People Meter in the Indianapolis market this summer is expected to tighten the ratings race and could dramatically affect how much advertisers are willing to pay for radio spots.
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Bayh's exit may pinch federal funds going to IndianaRestricted Content

February 20, 2010
Peter Schnitzler
Sen. Evan Bayh brought home the bacon—more than $1.4 billion in federal appropriations and grants in just the last 12 months.
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General Growth board sued for rejecting $10B Simon bid

February 20, 2010
Bloomberg News
Directors at Chicago-based General Growth Properties Inc. are being sued by a shareholder claiming they shouldn’t have rejected a $10 billion buyout offer from competitor Simon Property Group Inc.
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Indianapolis officials used Super Bowl to prep for 2012

February 20, 2010
Associated Press
Nearly four dozen host committee members and Indianapolis officials attended the game. The entourage will apply what they learned to the 2012 event.
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White House plans new rules for health insurers

February 19, 2010
Bloomberg News
President Obama will release a proposal to restart the health-care debate before a bipartisan White House meeting on Feb. 25, one day after WellPoint officials testify before Congress about steep rate increases.
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Judge places Fair Finance into bankruptcy

February 19, 2010
Greg Andrews
A federal trustee will take control of the company's assets while securities-fraud probes continue.
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Airport picks team to study re-use of land at old terminal site

February 19, 2010
Chris O'Malley
The Indianapolis Airport Authority's plan for the next "30 to 50 years" starts with a team tapped Friday morning. Five firms will study ways to use airport property, including the former passenger terminal.
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Apartment developer plans 217 units in Lawrence

February 19, 2010
Cory Schouten
J.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village at the Fort.
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State funding cuts a setback for public stations

February 19, 2010
Scott Olson
The state's eight public television and radio stations, including WFYI in Indianapolis, will not receive their final two installments of public funding for fiscal 2010 because of Indiana's budget crisis.
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Teva gets European OK to sell generic of Lilly's Evista

February 19, 2010
Bloomberg News
Evista generated $1.03 billion in sales last year, of which $348.1 million came outside the United States.
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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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