News & Analysis

IU fund-raising campaign meant to expand IUPUI, life sciences

February 23, 2010
Associated Press
Indiana University's president says IU this fall will launch a $1.1 billion fund-raising campaign aimed at expanding the IUPUI campus' life science programs.
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Brookfield after 30-percent stake in General Growth, source says

February 23, 2010
Bloomberg News
The plan by Toronto-based Brookfield Asset Management would give General Growth Properties a higher valuation than a $10 billion takeover bid by Simon Property Group.
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IU, Purdue try to preserve research despite budget cuts

February 23, 2010
J.K. Wall
The president of each school will update budget-cutting progress in state-of-the-university speeches Tuesday.
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Medco profit rises as mail-order generics business grows

February 23, 2010
 IBJ Staff and Bloomberg News
The pharmacy benefits manager, which has major operations in Whitestown, said fourth quarter profit rose 24 percent.
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Moongate Technologies acquired by Michigan firm

February 23, 2010
Local computer consultant will become part of Dewpoint Inc., upon completion of the acquisition, and will move to Dewpoint's Carmel office, which already has about a dozen employees.
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Resource Commercial Real Estate pursuing Colliers flag

February 23, 2010
Cory Schouten
Resource Commercial Real Estate is one of a handful of local real estate brokerage firms angling to take over an affiliation with Colliers International.
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State launches Internet-based relocation tool

February 23, 2010
The Indiana Economic Development Corp.'s new Web site and buildings database, powered by a geographic information system, will provide access to real estate and demographic information.
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Brightpoint receives foreign trade zone status

February 23, 2010
Granting of foreign trade zone status should help the Indianapolis-based mobile device distributor be more competitive in the global wireless market, company executive says.
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Lilly, Merck, Pfizer starting research center

February 23, 2010
Associated Press
Three major U.S. drugmakers said they have formed a not-for-profit company in Asia to focus on cancer research and treatments.
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Growing Indiana schools districts suing over funding

February 23, 2010
Associated Press
Hamilton Southeastern, Franklin Township and Middlebury Community Schools of Elkhart County say the school-funding formula unfairly penalizes districts with growing enrollments.
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Report: Brookfield plans bid for Simon target General Growth

February 23, 2010
Bloomberg News
Brookfield Asset Management Inc. plans to bid for a stake in General Growth Properties Inc., beating an offer by Indianapolis-based Simon Property Group Inc. for the bankrupt shopping mall owner, the Wall Street Journal reported.
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Receiver: Insolvent Hansen & Horn should be liquidated

February 22, 2010
Scott Olson
The troubled home builder's $14.5 million in liabilities are twice as much as its assets, receiver tells Marion County judge, who takes the recommendation under advisement.
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WellPoint gets tax delay in Obama health plan

February 22, 2010
Bloomberg News
Insurers WellPoint Inc. and others would get a delay in taxes on premiums and high-cost medical benefits, along with additional funding for expanding Medicaid, under a White House proposal
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Obama endorses new taxes, more drugmaker fees

February 22, 2010
Bloomberg News
Obama, seeking to break an impasse over health-care legislation, proposes a plan that includes the first Medicare tax on unearned income such as capital gains and higher fees on drugmakers.
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Daniels opens door on 2012 presidential campaign

February 22, 2010
Peter Schnitzler
After years of denying interest in a presidential bid, Indiana governor tells Washington Post political writer he may consider bid for Republican nomination on platform of fiscal responsibility.
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Insurers warn of problems with federal regulator

February 22, 2010
Associated Press
President Obama's latest push for a health care overhaul could drive health plans around the country into insolvency, according to an insurance trade group.
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Some Indianapolis charters see financial position weaken

February 22, 2010
J.K. Wall
Mayor's report shows smaller cash reserves for many schools, but one charter operator blames late government payments.
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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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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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