News & Analysis

Baseball meetings let leaders tout Indianapolis to influential audience

December 5, 2009
Anthony Schoettle
Indianapolis was up against Dallas, Las Vegas, Orlando, Atlanta and New Orleans to host baseball's Winter Meetings, which will draw more than 200 media members from the nation’s top 30 markets.
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Carroll Award winner Dodson helps less fortunate weather adversity

December 5, 2009
Sam Stall
Entrepreneur earmarks 10 percent of profits for charity, honors well-run not-for-profits.
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USTA confirms local tennis event likely headed to Atlanta

December 4, 2009
Anthony Schoettle
Officials for the Indianapolis Tennis Championships announced Friday afternoon that they have sold the sanctioning rights for the local tournament back to the ATP Tour.
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Indiana University extends president's contract

December 4, 2009
Associated Press
IU trustees have approved a contract extension for school president Michael McRobbie.
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Indiana Historical Society lands $2M for new exhibits

December 4, 2009
Kathleen McLaughlin
Dubbed the "Indiana Experience," the exhibits represent the first ticketed tourist attraction at the society's headquarters building.
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Class-action suit seeks millions for Fair Finance investors

December 4, 2009
Greg Andrews
Attorneys on Friday afternoon filed a class-action lawsuit seeking to rescind $200 million in investor purchases of Fair Finance Co. securities and to slap Tim Durham and other company insiders with millions of dollars in punitive damages.
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Simon buying General Growth debt for possible takeover

December 4, 2009
 IBJ Staff and Associated Press
The Indianapolis-based shopping mall owner is facing competition for General Growth from Toronto-based Brookfield Asset Management Inc., which also has been buying up General Growth's debt.
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State colleges face $150M in cuts as tax revenues fall

December 4, 2009
 IBJ Staff and Associated Press
Indiana Gov. Daniels calls for cuts with announcement that tax collections for November were $144 million below forecast.
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Constantino's and City Market reach settlement

December 4, 2009
Peter Schnitzler
City Market has agreed to forgive Constantino's $27,000 in unpaid rent if the meat and produce stand shuts down by Dec. 24.
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Ohio balks at Fair Finance's latest effort to register securities

December 4, 2009
Greg Andrews
Ohio securities regulators have asked for a mountain of additional information from Tim Durham's Fair Finance Co. that they say they would have to evaluate before deciding whether to allow the company to resume the sale of investment certificates.
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Tennis officials set to reveal tournament buyer

December 4, 2009
Anthony Schoettle
Sources told IBJ last week that the U.S. Tennis Association Southern Section was in serious negotiations to buy the event and move it to Atlanta.
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Indiana University launches $10M seed fund

December 4, 2009
Peter Schnitzler
The Innovate Indiana Fund will invest $5 million over the next five years to commercialize IU technologies and another $5 million to help IU-affiliated startups get off the ground.
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Cookware plant closing in Fort Wayne, idling 190 workers

December 4, 2009
Fort Wayne-based Lincoln Foodservice Products Inc. has notified state officials that it will close its “small wares” plant there and let go 190 employees.
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Ivy Tech offers fast degree for at-risk students

December 4, 2009
Associated Press
Ivy Tech Community College is offering at-risk students a chance to earn an associate's degree in just 10 months instead of two years.
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Hansen & Horn insolvent, receivership next step for builder

December 3, 2009
Scott Olson
The president of Hansen & Horn Group Inc. admitted in court Thursday that the troubled home builder is insolvent and agreed to have a receiver appointed to operate the company.
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ExactTarget lands another $75M in funding

December 3, 2009
Chris O'Malley
E-mail marketing provider ExactTarget has in a short span landed what may be a record amount of venture funding for a private company here—$75 million since October.  And that’s on top of the $69.9 million it received in May from three venture firms on the coasts.
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General Growth's refinancing plan could thwart Simon

December 3, 2009
 IBJ Staff and Associated Press
General Growth Properties Inc., the nation's second-largest shopping mall operator, said lenders have agreed to restructure about $9.7 billion in debt. The agreements could put a damper on the acquisition aspirations of rival Simon Property Group Inc.
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Hoosiers 'waste' $2.5B a year on health care, group says

December 3, 2009
J.K. Wall
Analysis of Medicare data finds that Indiana hospitals and doctors rack up higher costs to treat the same conditions as the nation's model markets.
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State Museum to close on most Mondays

December 3, 2009
 IBJ Staff and Associated Press
The museum has been facing tight budgets and dropping attendance.
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Ivy Tech names new academic programs chief

December 3, 2009
 IBJ Staff
Mary Ostrye, 52, will have oversight of 150 different academic programs at Ivy Tech's 23 campuses around the state.
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Visions for ailing City Market include arts venue, YMCA

December 3, 2009
Riley Area Development Corp. is pitching the idea of building a performing arts center in the City Market. The YMCA of Greater Indianapolis, meanwhile, is in talks with the city about building a full-service fitness center on the site.
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Rare sacred art exhibition boosts museum attendance

December 2, 2009
Associated Press
"Sacred Spain: Art and Belief in the Spanish World" at the Indianapolis Museum of Art is drawing visitors from around the world for an unprecedented exhibition
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IT firm receives abatement for job-growth plans

December 2, 2009
Indianapolis’ largest computer consulting firm on Wednesday received property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment.
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Indiana Ice plan to build $12 million hockey facility

December 2, 2009
Scott Olson
Ice Sports and Entertainment, the owner of the Indiana Ice hockey team, announced Wednesday afternoon that it plans to build a complex that could contain up to four skating rinks and house the Indiana/World Skating Academy.
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State sues teachers' union for securities fraud

December 2, 2009
J.K. Wall
The Indiana Secretary of State's securities division says Indiana State Teachers Association can't account for $23 million intended for school districts, requests assets be frozen.
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