News & Analysis

Knauf fills new CEO position

January 20, 2010
Knauf Insulation in Shelbyville appoints a company executive to its newly created position of CEO of North American operations.
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State Republicans try to block health reform mandates

January 20, 2010
J.K. Wall
Joint resolutions in the state Legislature seek to amend the state constitution to block enforcement of provisions in the federal bills that would require individuals to buy insurance and all but the smallest employers to help pay for it.
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Wall Street likes wobble on health reform

January 20, 2010
J.K. Wall
With the stunning victory of Republican Scott Brown in the Massachusetts election for U.S. Senate, Wall Street analysts expect to see a "run" on health care stocks.
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Former attorney sentenced in fraud case

January 20, 2010
A former attorney who pleaded guilty to mail fraud has been sentenced to three years probation for submitting inflated bids on foreclosed homes to the company for which he worked and pocketing the difference.
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Kerasotes planning to sell theaters to AMC

January 20, 2010
 IBJ Staff and Associated Press

Kerasotes, the nation's sixth-largest movie house chain, has four theaters in the Indianapolis area; AMC, the No. 2 player, has two.

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Simon Property Group rolls out $2.25B offering

January 20, 2010
Associated Press
Proceeds from the offering will be used for general corporate purposes and to fund the purchase of senior notes.
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Outlook remains grim for commercial real estate

January 20, 2010
Cory Schouten
Expect another year of rising vacancies, declining property values and distressed sales in the central Indiana commercial real estate market. That's the message from Colliers Turley Martin Tucker in its annual State of Real Estate report.
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Pioneering automobile dealer Lockhart dies

January 20, 2010
 IBJ Staff
Freda Lockhart was the first woman to open dealerships for Cadillac and Saturn automobiles.
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Hungarian court's decision favors Emmis

January 19, 2010
The court on Tuesday ruled in favor of Emmis in its bid to get a popular radio station it operates in Hungary back on the air.
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Medical imaging supplier moves to Indianapolis

January 19, 2010
Scott Olson
Associated X-Ray Services relocates headquarters from South Bend to Indianapolis and also announces the company has changed its name to AXS Imaging.
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Property tax caps heading to Indiana voters

January 19, 2010
Associated Press
The Indiana Senate has given final approval to a proposal that would allow voters to decide whether property tax limits belong in the state constitution.
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Court affirms receiver for Michelle Schrenker's assets

January 19, 2010
Scott Olson
Indiana Court of Appeals agrees with lower court's decision to appoint receiver to oversee finances of ex-wife of convicted money manager Marcus Schrenker.
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Tony George resigns from Speedway, IRL board

January 19, 2010
Anthony Schoettle
His resignation removes George from any remaining role in Hulman & Co., Indianapolis Motor Speedway, IMS Productions and other affiliated companies.
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Orbis Education lands $8 million in venture capital

January 19, 2010
Peter Schnitzler
The locally based maker of nursing-education software will use the infusion to accelerate growth.
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ICVA hotel-room bookings ahead of schedule

January 19, 2010
Scott Olson
Groups that committed in 2009 to hold meetings in Indianapolis in future years booked a total of nearly 688,000 hotel-room nights, a number that exceeded ICVA's goal by 5 percent.
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F.C. Tucker predicts modest rally for residential market

January 19, 2010
Cory Schouten
Central Indiana's housing market is on track to notch gains in the number of homes sold and the average sales price in 2010.
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ISTA wants schools to tap reserves, rainy day funds

January 19, 2010
J.K. Wall
State teachers union's recommended approach differs sharply from spending cuts and salary freezes recommended by the Indiana Board of Education.
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Daniels to tout state's relatively solid position in address

January 19, 2010
Peter Schnitzler
Indiana Gov. Mitch Daniels will deliver the annual State of the State address Tuesday night at 7 p.m. before a joint session of the Indiana House and Senate.
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City's industrial market fared better than most in 2009

January 19, 2010
Tom Harton
The Indianapolis industrial real estate market didn't escape the recession unscathed, but the sector outperformed most other cities and took less of a hit than in the last recession.
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Car-seat manufacturer plans Columbus expansion

January 19, 2010
Dorel Group wants to expand its development and production operations in Columbus, creating 98 jobs by 2013.
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Biotech firm plans $28M Greenwood plant

January 19, 2010
Greenwood pharmaceutical firm Elona Biotechnologies plans to build a $28 million production facility and create 70 jobs to help develop a cheaper form of insulin that could gain significant market share.
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Duke Energy to trim Midwest work force, expenses

January 19, 2010
 IBJ Staff and Associated Press
Duke Energy is offering buyouts to employees as it moves some corporate functions performed in two Midwest offices, including its central Indiana office in Plainfield.
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HALO shines on IT upstart

January 19, 2010
Chris O'Malley
Policy management firm PolicyStat lands venture investment from HALO Capital Group, the angel investor network managed by TechPoint. HALO has invested a total of $12.5 million in firms statewide in the past 20 months.
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Recession takes toll on university president pay

January 18, 2010
 IBJ Staff and Associated Press
A survey released Monday by the Chronicle of Higher Education showed compensation packages of chief executives at public universities leveling off in 2008-2009, rising a relatively modest 2.3 percent. How did Indiana college presidents fare?
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City Market redevelopment hopefuls have ambitious plans

January 18, 2010
Peter Schnitzler
City Market's board president warns financing will challenge any of the six groups that responded to Mayor Greg Ballard's request for business ideas.
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