News & Analysis

Noble Roman's gives in to shareholder demandsRestricted Content

November 28, 2009
Cory Schouten
Pizza chain Noble Roman's Inc. says plans for its first investor meeting in seven years have no connection to an investor's lawsuit.
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Advisory panel urges EPA to back plan to pay for green projects via property taxRestricted Content

November 28, 2009
Chris O'Malley
By issuing “voluntary environmental improvement bonds,”, local and state governments could create special taxing districts that finance homeowner purchases of everything from solar panels to rain gardens.
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St. Vincent-Novia clinic partnership cuts out insurance middleman

November 28, 2009
J.K. Wall
The St. Vincent Health hospital system has joined with Indianapolis-based Novia CareClinics LLC to set up clinics on employers’ campuses, offering health care for their workers with no insurance companies involved.
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Former Huntington National Bank exec alleges age discriminationRestricted Content

November 28, 2009
Peter Schnitzler
Michael Lewis, 53, filed a complaint with the Indianapolis office of the U.S. Equal Employment Opportunity Commission Aug. 13 and sued Huntington Oct. 15 in Marion Superior Court.
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SBA loan approvals - October 2009Restricted Content

November 28, 2009
 IBJ Staff
SBA loan approvals for the Indianapolis area for October 2009.
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EPA: IPL electric plant upgrades were deficientRestricted Content

November 28, 2009
Chris O'Malley
Indianapolis Power & Light faces potential fines and capital expenditures after allegedly updating three generating plants over 23 years without adding the most modern pollution controls.
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Entrepreneur parlays love of cars into successful media companyRestricted Content

November 28, 2009
Anthony Schoetle
Donnie Babb's Gauge Media Group started in his basement at tortoise speed but now churns out $2 million in sales with a staff of nine full-time and 15 part-time employees.
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Alcohol distributor fights decision allowing big competitor into Indiana

November 28, 2009
J.K. Wall
National Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission ruled Nov. 5 that Southern Wine & Spirits of America Inc. could distribute here.
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Sources: City will lose professional tennis tournament

November 28, 2009
Anthony Schoettle
The Indianapolis Tennis Championships—formerly known as RCA Championships—appear to be dead, with the ATP Tour dates being shipped off to Atlanta for 2010 and beyond.
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Small businesses changing hands despite recession

November 28, 2009
Peter Schnitzler
Even in recession, entrepreneurs buy and sell local small businesses. Plenty of Indianapolis-area companies are for sale.
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Airport plans holiday events to lure traffic to Civic Plaza

November 27, 2009
Associated Press
Entertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search for ways to boost revenue.
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Plant would pipe carbon dioxide to oil rigs

November 26, 2009
Associated Press
Carbon dioxide produced by a proposed coal gasification plant near the southern Indiana town of Rockport would be used to help boost oil production in the Gulf of Mexico under a plan by the company leading the project.
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Employers brace for Cyber Monday

November 25, 2009
Scott Olson
More than 53 percent of workers with Internet access, or 68.8 million, are expected to shop online Monday, according to the Washington, D.C.-based National Retail Federation.
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Brizzi dropped plan to serve on board of Durham company

November 25, 2009
Greg Andrews
Marion County Prosecutor Carl Brizzi said he agreed this fall to serve on the board of Tim Durham’s Fair Finance Co., but changed his mind several weeks later after Durham told him a newspaper was working on an investigative story about the company.
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Cabaret Theatre moving to downtown's Columbia Club

November 25, 2009
Scott Olson
The troupe will relocate from its temporary location at the Connoisseur Room in time to present a holiday show that runs Dec. 10-12.
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Neighborhood revitalization group calling it quits

November 24, 2009
 IBJ Staff
BOS Community Development Corp., created in 1982 to revitalize the Indiana Avenue and Midtown area, says its mission is accomplished.
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Patachou owner's pizzeria receives variance approval

November 24, 2009
Scott Olson
Cafe Patachou owner Martha Hoover can now move forward with plans to open a pizzeria next to her trademark eatery at 49th and Pennsylvania streets.
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UPDATE: FBI searches Durham-owned company offices

November 24, 2009
Greg Andrews
Ohio securities regulators say Tim Durham's Fair Finance Co. won't be permitted to sell additional investment certificates unless it satisfactorily answers a series of questions about the company's ability to pay them back.
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FBI serves search warrants on Durham-owned companies

November 24, 2009
The FBI on Tuesday executed search warrants at two companies led by high-profile executive Tim Durham—Indianapolis-based Obsidian Enterprises Inc. and Akron, Ohio-based Fair Finance Co.
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Troubled homebuilder's funds frozen after failing to pay judgment

November 24, 2009
Scott Olson
A Marion County judge has frozen certain Hansen & Horn Group Inc. funds after the Indianapolis homebuilder failed to pay a $183,000 legal judgment. The move sheds light on the severity of the company’s woes.
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Research lab could replace ATA headquarters

November 24, 2009
Cory Schouten
Paul Kite Co. has applied for a rezoning of the 16.5-acre site to allow for non-airport uses.
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Haynes reports quarterly, fiscal-year losses

November 24, 2009
Kokomo-based Haynes International Inc.'s efforts to consolidate operations and reduce inventory could not keep it from losing $3 million in its fiscal fourth quarter, the company announced Monday.
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Ballard set to shake up CIB with staff moves

November 24, 2009
Peter Schnitzler
CIB Treasurer Ann Lathrop will become board president, replacing Bob Grand at the helm of the organization that oversees the city's professional sports stadiums and the Indiana Convention Center.
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Retail space rises in Carmel

November 24, 2009
Tom Harton
Retail construction has all but ground to a halt because of the recession, but that’s not the case in Carmel, where Keystone Construction Corp. is in the midst of developing a $45 million, mixed-use project.
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Hillenbrand profits rise despite revenue declines

November 24, 2009
 IBJ Staff
Improved investment returns and lower costs on diesel fuel and raw materials used in Hillenbrand's products helped improve company earnings
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