News & Analysis

Intellectual property practices in law firms recovering from recessionRestricted Content

February 27, 2010
Norm Heikens
Practices are beginning to thaw along with other areas of the economy.
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Restoration planned for landmark Old Centrum propertyRestricted Content

February 27, 2010
Cory Schouten
The Historic Landmarks Foundation of Indiana plans to acquire the Romanesque Revival former church and is considering moving its headquarters there.
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Decline in service clubs threatens funding for international causesRestricted Content

February 27, 2010
Kathleen McLaughlin
Organizations like Kiwanis boost awareness of international needs, which otherwise rank low on Americans' giving priorities.
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Redevelopment planned for site of former juvenile facilityRestricted Content

February 27, 2010
Cory Schouten
King Park Area Development Corp. is preparing to approach developers interested in submitting plans for the 1.8-acre site, the equivalent of about eight residential lots.
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Protest at Evansville Whirlpool plant draws 1,500

February 26, 2010
Associated Press
Company shuttering plant, moving work to Mexico.
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Lilly to shift more employees to Covance

February 26, 2010
J.K. Wall
Greenfield Labs operation expects to add 17 Eli Lilly and Co. workers after taking over staff of 264 in 2008 acquisition.
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General Growth seeks to block lawsuit over Simon bid

February 26, 2010
Bloomberg News
General Growth Properties Inc. asked a judge to block a shareholder lawsuit accusing its board of improperly rejecting an acquisition bid from Simon Property Group Inc.
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Scotty's owner planning to open microbrewery

February 26, 2010
Andrea Muirragui Davis
Indianapolis restaurateur Scott Wise is moving forward with plans to launch Scotty’s Thr3e Wise Men Brewing Co., a microbrewery that will produce craft beer for his eateries and the public. It will share space with another startup craft brewer.
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USA Football touring city, considering moving HQ here

February 26, 2010
Anthony Schoettle
USA Football officials toured Indianapolis and met major sports brass on Feb. 26 and are considering several local sites, including the former Citizens Gas facility on the southeast side, to be its new home. The organization, part-owned by the NFL, is set to move from its Virginia home later this year.
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Judge halts dissolution of struggling Durham firm

February 26, 2010
Greg Andrews
A judge has blocked Tim Durham and other directors of Dallas-based CLST Holdings Inc. from dissolving the struggling company at the close of business Friday. Its largest shareholder hopes to place dissident candidates on the board.
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$22.3 billion public pension merger poised to fail again

February 26, 2010
Peter Schnitzler
Key House Democrat recommends summer study for a Gov. Daniels legislative priority: consolidation of the $14.2 billion Indiana Public Employees Retirement Fund and the $8.1 billion Indiana State Teachers Retirement Fund.
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Conseco shares fall after dip in fourth-quarter profits

February 26, 2010
J.K. Wall
Carmel-based insurer swings to a profit, but earnings from operations decline.
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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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  1. I could be wrong, but I don't think Butler views the new dorm as mere replacements for Schwitzer and or Ross.

  2. An increase of only 5% is awesome compared to what most consumers face or used to face before passage of the ACA. Imagine if the Medicaid program had been expanded to the 400k Hoosiers that would be eligible, the savings would have been substantial to the state and other policy holders. The GOP predictions of plan death spirals, astronomical premium hikes and shortages of care are all bunk. Hopefully voters are paying attention. The Affordable Care Act (a.k.a Obamacare), where fully implemented, has dramatically reduced the number of uninsured and helped contained the growth in healthcare costs.

  3. So much for competition lowering costs.

  4. As I understand the proposal, Keystone would take on the debt, not the city/CRC. So the $104K would not be used to service the $3.8M bond. Keystone would do that with its share.

  5. Adam C, if anything in Carmel is "packed in like sardines", you'll have to show me where you shop for groceries. Based on 2014 population estimates, Carmel has around 85,000 people spread across about 48 square miles, which puts its density at well below 1800 persons/sq mi, which is well below Indianapolis (already a very low-density city). Noblesville is minimally less dense than Carmel as well. The initiatives over the last few years have taken what was previously a provincial crossroads with no real identity beyond lack of poverty (and the predictably above-average school system) and turned it into a place with a discernible look, feel, and a center. Seriously, if you think Carmel is crowded, couldn't you opt to live in the remaining 95% of Indiana that still has an ultra-low density development pattern? Moreover, if you see Carmel as "over-saturated" have you ever been to Chicago--or just about any city outside of Indiana?

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