News & Analysis

UPDATE: Steak n Shake confirms new corporate HQ

February 9, 2010
Cory Schouten
The Steak n Shake Co. updated its Web site this week to reflect a new corporate headquarters address in San Antonio, confirming a story in IBJ's Feb. 8 print edition.
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Owners, developers see silver lining in health care real estate

February 9, 2010
Tom Harton
Health care real estate has survived the nation’s weak economy better than most sectors, and some owners and developers think it’s positioned to thrive.
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Shareholders in bankrupt Accuride pursuing loan

February 9, 2010
Bloomberg News
Accuride shareholders are trying to arrange a $400 million loan to fund the Evansville company’s exit from bankruptcy.
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WellPoint CFO says insurance 'mega-mergers' unlikely

February 9, 2010
Bloomberg News
WellPoint Inc. chief financial officer Wayne DeVeydt said President Obama's Federal Trade Commission is unlikely to approve mergers among the biggest insurers.
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Lilly awards pay increases to top executives

February 8, 2010
Peter Schnitzler, J.K. Wall
Eli Lilly and Co. CEO John Lechleiter's total compensation increased $4.1 million in 2009.
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Super Bowl most-watched TV show ever

February 8, 2010
Associated Press
The Super Bowl was watched by more than 106 million people, surpassing the 1983 finale of "M*A*S*H" to become the most-watched program in television history.
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Concern for 2012 Super Bowl intensifies

February 8, 2010
Anthony Schoettle
Labor meetings in Miami over the weekend did little to dispel speculation that the souring relationship between NFL players and owners could jeopardize the 2012 Super Bowl at Lucas Oil Stadium.
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Fair Finance investors force company into bankruptcy

February 8, 2010
Greg Andrews
Investors in Tim Durham’s Fair Finance Co. shoved the company into bankruptcy court Monday morning, a move intended to reduce the risk assets will disappear while securities fraud probes continue.
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Colts face decisions on ticket prices, marketing plan

February 8, 2010
Anthony Schoettle
There's no rest for the Indianapolis Colts front office. This week, the teams' sales and marketing teams will formulate an off-season plan and finalize ticket prices for next season.
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Snowstorm likely to create another rush hour mess

February 8, 2010
Associated Press
Just days after Friday's heavy snowfall blanketed much of the state, the National Weather Service has issued a winter storm watch from late Monday night through early Wednesday for all of Indiana.
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Cardinal Health laying off 49 at local warehouse

February 8, 2010
 IBJ Staff
Cardinal Health notified the state on Feb. 3 that it laid off 37 workers at the end of January and plans to lay off 12 more effective April 3.
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Calumet Specialty investigating cause of Louisiana explosion

February 8, 2010
Bloomberg News
Indianapolis-based Calumet Specialty Products Partners LP is investigating the cause of a Friday blast at its refinery in Shreveport, La., that damaged some nearby properties.
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Super bummer: Indy plant churns out Saints T-shirts

February 8, 2010
Mason King
The Colts' Super Bowl loss saddened employees at a local plant that makes NFL gear, but the Saints' win will give the bottom line a bigger boost.
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City program gives firms incentive to hire ex-offendersRestricted Content

February 6, 2010
Peter Schnitzler
A pilot project is providing jobs for 70 ex-convicts, with their $10-an-hour wages covered by Uncle Sam for six months. City officials hope they can then transition into other jobs or receive recommendations that help them to find other work.
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WellPoint: More employers involved in provider talksRestricted Content

February 6, 2010
J.K. Wall
Employer activism is on the rise when it comes to keeping hospitals honest in their negotiations with health insurers. Executives at Indianapolis-based WellPoint say more employers are airing their displeasure when hospital systems ask for double-digit reimbursement increases.
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Covered bridge project draws special attention

February 6, 2010
Norm Heikens
A plethora of experts like Dan Collom are restoring the Moscow bridge, built in 1886 and destroyed by a tornado in 2008.

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Steak n Shake changing its name, moving HQ to Texas

February 6, 2010
Cory Schouten
Indianapolis is on the verge of losing one of its most prominent public companies. The Steak n Shake Co. is planning to change its name to Biglari Holdings Inc. and move its headquarters to San Antonio. The Steak n Shake restaurant chain would retain a presence in Indianapolis.
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Law firm adds historic home to campusRestricted Content

February 6, 2010
Scott Olson
Plews Shadley Racher & Braun has finished a careful restoration of the Eden-Talbott House, continuing a strategy of shunning glass and steel.
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Video firm Bennett Innovations reaches 25 yearsRestricted Content

February 6, 2010
Kathleen McLaughlin
The seven-person production house led by Bruce White counts IUPUI and Rolls-Royce North America among its clients.
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Government reform, unemployment taxes chug through LegislatureRestricted Content

February 6, 2010
Kathleen McLaughlin

Key measures cleared their chambers of origin by the Feb. 3 deadline.

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Scale Computing succeeds quickly after co-founder moves it to IndianaRestricted Content

February 6, 2010
Chris O'Malley
Not even a year has passed since Scale Computing launched its first product, yet CEO Jeff Ready forecasts 2010 revenue with the confidence of a meteorologist giving the three-day outlook.
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Environmental causes keep ex-bank chief McKinney busyRestricted Content

February 6, 2010
Chris O'Malley
Most know him as a retired captain of industry—of banking, as chairman of First Indiana Corp., and law, as co-founder of Bose McKinney & Evans. Few know that Robert H. McKinney started out planning to become a national park guide.
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Shelbyville tech park keeps tax incentives

February 5, 2010
Kathleen McLaughlin
State officials are giving Shelbyville's struggling Intelliplex business park another chance to use tax incentives to land new companies and high-paying jobs.
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UPDATE: Simon shares climb after profit beats estimates

February 5, 2010
Bloomberg News
The company raised its average rent per square foot at both regional malls and outlet centers even as U.S. consumer spending flagged.
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Businesses walk fine line when supporting Colts

February 5, 2010
Scott Olson
As Super Bowl approaches, companies unaffiliated with the Colts avoid becoming victims of the NFL's strict trademark-enforcement policies by supporting the team in generic fashion.
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  1. Why not take some time to do some research before traveling to that Indiana town or city, and find the ones that are no smoking either inside, or have a patio? People like yourself are just being selfish, and unnecessarily trying to take away all indoor venues that smokers can enjoy themselves at. Last time I checked, it is still a free country, and businesses do respond to market pressure and will ban smoking, if there's enough demand by customers for it(i.e. Linebacker Lounge in South Bend, and Rack and Helen's in New Haven, IN, outside of Fort Wayne). Indiana law already unnecessarily forced restaurants with a bar area to be no smoking, so why not support those restaurants that were forced to ban smoking against their will? Also, I'm always surprised at the number of bars that chose to ban smoking on their own, in non-ban parts of Indiana I'll sometimes travel into. Whiting, IN(just southeast of Chicago) has at least a few bars that went no smoking on their own accord, and despite no selfish government ban forcing those bars to make that move against their will! I'd much rather have a balance of both smoking and non-smoking bars, rather than a complete bar smoking ban that'll only force more bars to close their doors. And besides IMO, there are much worser things to worry about, than cigarette smoke inside a bar. If you feel a bar is too smoky, then simply walk out and take your business to a different bar!

  2. As other states are realizing the harm in jailing offenders of marijuana...Indiana steps backwards into the script of Reefer Madness. Well...you guys voted for your Gov...up to you to vote him out. Signed, Citizen of Florida...the next state to have medical marijuana.

  3. It's empowering for this niche community to know that they have an advocate on their side in case things go awry. http://www.youtube.com/watch?v=Lrst9VXVKfE

  4. Apparently the settlement over Angie's List "bundling" charges hasn't stopped the practice! My membership is up for renewal, and I'm on my third email trying to get a "basic" membership rather than the "bundled" version they're trying to charge me for. Frustrating!!

  5. Well....as a vendor to both of these builders I guess I have the right to comment. Davis closed his doors with integrity.He paid me every penny he owed me. Estridge,STILL owes me thousands and thousands of dollars. The last few years of my life have been spent working 2 jobs, paying off the suppliers I used to work on Estridge jobs and just struggling to survive. Shame on you Paul...and shame on you IBJ! Maybe you should have contacted the hundreds of vendors that Paul stiffed. I'm sure your "rises from the ashes" spin on reporting would have contained true stories of real people who have struggled to find work and pay of their debts (something that Paul didn't even attempt to do).

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