News & Analysis

City's sole high school will keep Anderson name

January 13, 2010
Associated Press
The district's school board voted 6-1 Tuesday night for a plan using the Anderson High School building for grades 10-12 starting next fall. The Highland High School building will house grades 7-9.
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Indy man gets 2 years for extorting insurance firm

January 13, 2010
Associated Press
Kevin Stewart stole a computer server that contained the names and confidential information of 900,000 people.
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Indiana Senate OKs bill to delay jobless-tax hikes

January 12, 2010
Associated Press
The Senate has approved a bill delaying unemployment-tax increases on businesses for a year, but the legislation may face hurdles in the Democrat-led House.
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Indianapolis still in hunt to be World Cup host

January 12, 2010
Anthony Schoettle
Indianapolis was one of 18 cities included in United State's bid to host World Cup Soccer event in 2018 or 2022.
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Durham's Fair Finance drops effort to sell securities

January 12, 2010
Greg Andrews
Ohio-based Fair Finance Co. told securities regulators this week that it is withdrawing its request for approval to sell an additional $250 million in investment certificates.
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Cincinnati-area builder Fischer expands to Indianapolis

January 12, 2010
Cory Schouten
Home builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio, market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel, Westfield, Zionsville and Avon.
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Roche taps new local CEO

January 12, 2010
J.K. Wall
Roche Diagnostics named a new CEO for its North American operations Tuesday to replace Michael Tillmann, who resigned on Friday.
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Study: Urban tax money subsidizes rural counties

January 12, 2010
Scott Olson
A report from the Indiana Fiscal Policy Institute says metropolitan counties pay more in state taxes than they receive in benefits. The results, though not surprising,  document the disparity for the first time in Indiana.
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Steak n Shake CEO buys more shares

January 12, 2010
Cory Schouten
Steak n Shake Co. CEO Sardar Biglari bought $290,000 worth of stock in the Indianapolis-based burger chain last week in another big bet the company's shares are undervalued.
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Kiwanis to choose worldwide service project

January 12, 2010
Kathleen McLaughlin
Representatives of three international organizations will visit Indianapolis-based Kiwanis International this week to make their cases to become its next worldwide cause—and the beneficiary of tens of millions of dollars the organization could raise with help from its 600,000 members.
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Kittle's Furniture shuffles executives, names new CEO

January 12, 2010
Jim Kittle Jr., the company's owner and chairman of the board, will be less involved in daily operations, giving two executives more responsibility.
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Riley Towers expansion in works

January 12, 2010
Tom Harton
The owner of the Riley Towers apartment complex is preparing to develop a 54-unit extension of the landmark downtown property.
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Brightpoint increases stock repurchase to $80 million

January 12, 2010
Scott Olson
Indianapolis-based cell phone distributor is buying back more shares as part of a settlement it reached in October with Denmark holding company NC Telecom Holding A/S, which Brightpoint bought in 2007.
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Tillmann out as Roche Diagnostics CEO

January 11, 2010
J.K. Wall
The management change comes as the Indianapolis company's diabetes market share has been sliding. Roche says successor will be named "shortly."
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Realty franchise gives Sotheby's a presence in Indianapolis

January 11, 2010
Scott Olson
Four veteran real estate agents are operating as part of Sotheby's international network. The north-side office opened Friday and already has 117 residential listings in the metropolitan area.
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Cummins gets $54M to improve fuel efficiency

January 11, 2010
 IBJ Staff and Associated Press
Columbus engine maker Cummins Inc. will receive nearly $54M in federal funding as part of a program designed to significantly increase fuel efficiency in heavy trucks and passenger vehicles, U.S. Energy Secretary Steven Chu announced Monday.
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Hillenbrand acquiring conveyor manufacturer

January 11, 2010
The Batesville holding company said it will purchase K-Tron International Inc. in New Jersey for about $435 million, including $45 million in K-Tron debt and cash on hand. The deal is expected to close by the end of March.
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Bill could pave way for Indiana nuclear power plantsRestricted Content

January 9, 2010
Chris O'Malley
The word “nuclear” isn’t even mentioned, but Senate Bill 69 is a virtual launch code for reviving attempts at commercial nuclear power in Indiana.
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Patrick's return may reshuffle sports-talk ad spendingRestricted Content

January 9, 2010
Anthony Schoettle
Local advertisers and media buyers said they’ll keep a close eye on the first half of 2010 to see how Patrick, who launched his show Jan. 4, matches up against WFNI-AM 1070’s afternoon drive time show.
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City's once-thriving stand-up comedy scene fades

January 9, 2010
Kathleen McLaughlin
Crackers' Broad Ripple and downtown locations are the only remaining comedy clubs in Indianapolis.
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Death of heiress Ruth Lilly unleashes more philanthropy

January 9, 2010
Kathleen McLaughlin
Lilly's death on Dec. 30 at age 94 will trigger the release of hundreds of millions of dollars from her estate, with perhaps as much as $200 million flowing to the fledgling Ruth Lilly Charitable Foundation.
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Venue-management titans emerge as CIB front-runners

January 9, 2010
Peter Schnitzler
Experts say a unique four-way partnership that includes the Pacers and Indianapolis Convention & Visitors Association may be the favorite to run the city's sports and convention venues.
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Hiring family, friends can be dicey for business owners

January 9, 2010
Marc D. Allan
Employing relatives or pals can be a godsend or a nightmare for small firms. And anecdotal evidence suggests it could be even rougher on women business owners than it is on men.
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Program offers women entrepreneurs their own experts

January 9, 2010
Tawn Parent
AthenaPowerLink selects Carmel firm Mitsch Design as the first woman-owned business it will assist locally.
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Law firm Alerding Castor Hewitt hires ExactTarget's ex-general counselRestricted Content

January 9, 2010
Peter Schnitzler
William Boncosky spent seven years at the ExactTarget, a span when the firm's employment grew from 14 to 500.
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  1. In response to Sassafras, I have to ask if you relocated directly from Bloomington to Carmel? First, as you point out, Carmel is 48 square miles. Do you think it’s possible that some areas are more densely developed than others? That might explain traffic density in some places while others are pretty free moving. Second, your comment “have you ever been to Chicago--or just about any city outside of Indiana?” belies your bias. I don’t know, Sassafras, have you never been to Nashville, Columbus, OH, Cincinnati, St. Louis, Kansas City, Denver, Phoenix? They’re not a lot different in density than Indy. One more thing…I understand these comment sections are for expressing opinions, so those of us just looking for facts have to be patient, but you mention “low-density” Indy. How many cities in the US comprise 400 square miles with about 10% of that still being agricultural? Those facts certainly can impact the statistics.

  2. With all the past shady actions of Duke with utility regulators, one wonders do they really need such a huge amount? Concerned regulators not protecting ratepayers from the aggressive Duke monolith.

  3. I thought that had to be the way it was but had to ask because I wasn't sure. Thanks Again!

  4. I could be wrong, but I don't think Butler views the new dorm as mere replacements for Schwitzer and or Ross.

  5. 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.

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