News & Analysis

Small town, budget hotels hold own in difficult economyRestricted Content

August 3, 2009
Anthony Schoettle
While the local hotel industry is being rocked by the current economy, budget hotels and those in the small towns surrounding Indianapolis are actually seeing gains. Properties affected by the Indianapolis 500, Brickyard 400 and Big Ten Tournament are among the losers.
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Harbour Trees Golf Club sells hole sponsorships to raise cashRestricted Content

August 3, 2009
Anthony Schoettle
At a time when most central Indiana golf courses are hurting for income, Harbour Trees Golf Club is getting a windfall from a unique revenue source.
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Lilly software spinoff Maaguzi sells for $11 millionRestricted Content

August 3, 2009
Chris O'Malley
Investors in a company built around clinical research software bought from Eli Lilly and Co. have found their exit, though it’s far from the lucrative payoff they’d once imagined.
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Dow Chemical seems poised to keep AgroSciencesRestricted Content

August 3, 2009
Peter Schnitzler
Midland, Mich.-based Dow Chemical Co. is still considering divesting Indianapolis subsidiary Dow AgroSciences LLC. But chances that the chemical manufacturing giant will sell its local agricultural chemical and biotech unit appear to have decreased.
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Arcadia hopes health care reform means more revenueRestricted Content

August 3, 2009
J.K. Wall
The CEO of Indianapolis-based Arcadia Resources said the environment is perfect for his company's fast-growing DailyMed service.
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Downturn provides opportunity for restaurants hungry for expansionRestricted Content

August 3, 2009
Cory Schouten
The economic slump is giving independent local restaurants a shot at prime locations that in good times would be snapped up by chains.
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Toll-road lease tumbles in valueRestricted Content

August 3, 2009
Peter Schnitzler
Gov. Mitch Daniels expected his unprecedented $3.8 billion Indiana Toll Road lease to last 75 years. It may be tested after just three.
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Arts festivals feel financial pinchRestricted Content

August 3, 2009
Kathleen McLaughlin
Art-show organizers are getting creative to keep their events alive as they struggle to attract sponsors and participating artists.
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Republic Airways closes purchase of Midwest

August 2, 2009
Republic Airways Holdings says it has completed its acquisition of privately held Midwest Airlines for $31 million in cash and debt.
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ISO struck tentative Venzago deal before ouster

July 31, 2009
Scott Olson
The Indianapolis Symphony Orchestra and Music Director Mario Venzago had reached an agreement in principle on a new contract before the deal recently unraveled, an official with the musicians' union said this morning.
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Duke Realty suffers second-quarter loss

July 31, 2009
 IBJ Staff
Indianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations, a key performance measure for real estate investment trusts.
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UPDATE: Symphony seeks maestro with local presence

July 30, 2009
Kathleen McLaughlin
The Indianapolis Symphony Orchestra is looking for a new maestro, and CEO Simon Crookall said he wants Mario Venzago's replacement to have more of a local presence.
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BREAKING: Venzago out as symphony maestro

July 30, 2009
Kathleen McLaughlin
The Indianapolis Symphony Orchestra is looking for a new maestro. CEO Simon Crookall announced to the symphony staff this afternoon that Music Director Mario Venzago would not return for the 2009-10 season.
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State unveils $31M tuition-funding program

July 30, 2009
J.K. Wall
Gov. Mitch Daniels failed to get the legislature to bite on his plan to lease out the Hoosier Lottery in order to pay for two-year college scholarships. So he's now he's using $31 million in federal stimulus funds to create a similar program for about 9,000 Hoosiers.
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Dow Agro sale still possible, but less likely

July 30, 2009
Peter Schnitzler
Midland, Mich.-based Dow Chemical Co. is still considering divesting Indianapolis subsidiary Dow AgroSciences LLC. But chances that the chemical manufacturing giant will sell its local agricultural chemical and biotech unit have decreased.
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Cummins' stock rises despite lower revenue, profit

July 30, 2009
Cummins Inc.'s stock jumped more than 6 percent in morning trading after its quarterly results beat analyst estimates.
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Muncie manufacturer Duffy calling it quits

July 30, 2009
Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result of the closure, Duffy said in its July 27 filing.
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Investments propel Baldwin & Lyons profit

July 30, 2009
Baldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company history, as investment gains from recovering equity markets helped boost performance.
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Cemetery owner to plead guilty to theft, fraud

July 30, 2009
Scott Olson
A cemetery owner set to go on trial Monday has agreed to plead guilty to theft and securities fraud.
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Finish Line extends 500 Festival relationship

July 29, 2009
Indianapolis-based Finish Line Inc. has signed a multi-year agreement to extend its title sponsorship of the 500 Festival's 5K race held each May, officials announced today.
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WellPoint stock falls despite quarterly profit

July 29, 2009
J.K. Wall
WellPoint Inc. shares slipped in morning trading after the company beat analysts’ expectations for second-quarter profits but failed to raise its year-end earnings forecast. WellPoint earned $1.50 per share in the latest quarter, excluding investment losses. Analysts were expecting $1.43 per share, according to a survey by Thomson Financial Network.
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Conseco shares jump after profit report

July 29, 2009
J.K. Wall
Shares of Conseco Inc. soared today in response to the company’s preliminary report of second-quarter profits. The Carmel-based insurer’s stock price jumped as much as 53 percent, to $2.91, before settling a bit in the afternoon.
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Carbon Motors chooses Connersville

July 29, 2009
 IBJ Staff
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
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UPDATE: Carbon Motors chooses Indiana

July 29, 2009
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
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Carbon Motors has chosen Indiana, official says

July 29, 2009
Scott Olson
A rally this morning in Connersville originally intended to help persuade a police car manufacturer to locate a major factory there appears to be a celebration party.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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