News & Analysis

Durham-backed firm to halt trading, dissolve

February 10, 2010
Greg Andrews
Dallas-based CLST Holdings Inc. has struggled, and its shares trade for a mere 9 cents apiece.
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Lawsuit could bring NCAA financials to light

February 10, 2010
Anthony Schoettle
Lawyers for former UCLA basketball player Ed O'Bannon are promising to expose financial information about NCAA's licensing contracts the NCAA would rather keep private.
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Report: State's pharmaceutical contractors continue to grow

February 10, 2010
A report set to be released Wednesday by local life sciences industry group BioCrossroads says Indiana companies providing contract pharmaceutical research and manufacturing services are weathering the economic downturn and are growing.
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Wishard construction project enjoying cheap debt

February 10, 2010
J.K. Wall
The Health & Hospital Corp. of Marion County got good news in its first round of borrowing to finance a new Wishard hospital: The cost is less than expected.
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Lebanon startup driving hard deal

February 10, 2010
J.K. Wall
VoCare Inc. wants $4 million in cash and tax incentives to open headquarters and call center it says could employ 300 people.
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Task force endorses regional taxes for mass transit

February 9, 2010
Chris O'Malley
After 30 years of government studies of a regional transportation system, a private-sector group on Wednesday is set to unveil its own plan that includes commuter rail and toll lanes added to congested interstate highways.
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ExactTarget reports record annual results

February 9, 2010
Anthony Schoettle
Locally based e-mail marketing firm opens London office, adds big-name clients and secures $145 million in venture capital.
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Colts won't disclose which legislators got game tickets

February 9, 2010
Kathleen McLaughlin
The team sold Super Bowl tickets to 26 state lawmakers, 27 members of the City-County Council, 10 members of Mayor Greg Ballard's office, six other state officials, and four Congressmen.
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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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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

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