News & Analysis

Local small-biz owner invited to attend State of Union speech

January 26, 2010
Scott Olson
The founder of TrendyMinds, an Indianapolis advertising and public relations firm, will attend President Obama's State of the Union address Wednesday evening. Trevor Yager is among several small-business owners nationwide who were invited.
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Durham yacht up for sale; asking price $4.8 million

January 26, 2010
Greg Andrews
Indianapolis financier Tim Durham's famed 98-foot yacht is up for sale for $4.8 million. Durham has been selling some of his holdings in recent months as financial pressures have intensified after the FBI raided his offices in Indiana and Ohio.
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Source: WISH-TV lays off news, production workers

January 26, 2010
Anthony Schoettle
WISH-TV Channel 8 laid off employees late last week as local TV market is battered by swooning economy.
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Northwest-side industrial park sells for almost $30 million

January 26, 2010
Tom Harton
The North by Northwest Business Park near 86th Street and Georgetown Road has been sold to firms in Minneapolis and Baltimore for $29.6 million.
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City to use $22.9M in stimulus for street, bridge repairs

January 26, 2010
Indianapolis will spend $22.9 million in federal stimulus money to make street and bridge repairs starting in the spring.
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Fast-growing Ivy Tech feeling pain of funding cuts

January 26, 2010
Scott Olson
Hoosiers enrolling at fast-growing Ivy Tech Community College might find it increasingly difficult to get the classes they want at the times they prefer. Blame burgeoning enrollment and $10 million in funding cuts.
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Pitney Bowes moving 30 jobs to Indianapolis area

January 26, 2010
 IBJ Staff and Associated Press
Company plans to close operations in Miamisburg, costing the southwest Ohio city 75 jobs.
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Ivy Tech names new business school dean

January 26, 2010
Ivy Tech Community College's new dean of the School of Business for its East Central Region will oversee all business programs at its Anderson, Marion and Muncie campuses.
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Lilly shares get boost from OK of rival's drug

January 26, 2010
 IBJ Staff and Bloomberg News
Shares of Lilly and partner Amylin rose on hopes that their new version of Byetta will be approved following U.S. regulators' clearance of a similar drug.
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House lawmakers put statewide smoking ban on hold

January 25, 2010
Associated Press
The bill, would ban smoking in public places statewide except casinos and pari-mutuel horse racing venues.
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NFL conference title games draw most viewers since 1980s

January 25, 2010
Associated Press
The Indianapolis Colts' win over the New York Jets on CBS drew 46.9 million viewers, the most for an American Football Conference title game since Patriots-Dolphins in 1986.
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New library standards to enhance online access

January 25, 2010
Associated Press
Hoosiers will have more access to the Internet and to public library materials across the state under a new set of standards adopted by the Indiana State Library and Historical Board.
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Celadon reports lower profit, higher revenue

January 25, 2010
Indianapolis trucking firm Celadon Group Inc. saw revenue rise to $127.2 million in its fiscal second quarter, although profit fell to $1 million.
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Lilly Endowment gives another $6 million to ISU institute

January 25, 2010
 IBJ Staff
Philanthropic giant has gifted $29 million since 2003 to fund research and education in financial services.
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Simon Property Group enters dispute over founder's fortune

January 25, 2010
Cory Schouten
Simon Property Group Inc. is suing Bren Simon, the widow of company founder Melvin Simon, over her effort to convert part of her late husband's ownership stake in the publicly traded mall giant into common shares or cash.
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Colts give local economy a kick

January 25, 2010
Anthony Schoettle
Indianapolis Colts Super Bowl run giving downtown hotels, restaurants and retailers a multi-million-dollar boost.
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Purdue tops Indiana colleges in MBA-school rankings

January 25, 2010
Purdue University's Krannert School of Management MBA program ranked 54th worldwide and ninth among U.S. public institutions. The program at Indiana University's Kelley School of Business ranked 57th and 10th, respectively.
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Report says Indiana home sales, prices on rise

January 25, 2010
Home sales statewide rose 4.1 percent in December compared with the same month in 2008, although Marion and Hamilton counties reported sizable slides.
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Bill would give CO2 pipeline firms right to take private land

January 25, 2010
Chris O'Malley
A consumer group opposing Senate Bill 115 argues the measure is yet another concession to the developer of a coal-to-methane plant proposed in Rockport.
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Rising pay for coaches puts pressure on athletic departments

January 23, 2010
Anthony Schoettle
A group of academics recently grilled the NCAA about what it plans to do to secure the future of more than three-fourths of its largest members, whose athletic departments are hemorrhaging cash at a surprising rate.
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Minority-owned logistics firm lands high-profile investors

January 23, 2010
Chris O'Malley
Wireless phone distributor Brightpoint Inc. is among the backers of a new logistics company that says it might employ 250 by 2012.
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Indianapolis hospitals extending reach statewide

January 23, 2010
J.K. Wall
St. Vincent Health's agreement to lease the county hospital in Salem for five years is the latest in a string of deals by Indianapolis hospital systems seeking a statewide presence.
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Merger-and-acquisition activity expected to warm in the Indianapolis areaRestricted Content

January 23, 2010
Norm Heikens
Pent-up demand, anticipated thaw in financing might cause business valuations to rise modestly
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Indianapolis deals in 2009 ranged from $4.6 billion to $70Restricted Content

January 23, 2010
Norm Heikens
WellPoint's sale of its NextRx unit was the largest deal in the Indianapolis area in 2009.
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Salvation Army draws scrutiny for supplying homes to officersRestricted Content

January 23, 2010
Kathleen McLaughlin
In Indiana, the Salvation Army owns 34 residences, including 10 in Indianapolis with a combined value of $1.6 million.
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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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