News & Analysis

Southwest bids $170M for Frontier Airlines

August 10, 2009
 IBJ Staff and Associated Press
Southwest Airlines Co. said today it's bidding $170 million to buy Frontier Airlines Holdings Inc. out of bankruptcy protection, surpassing an earlier bid of $108.8 million by Indianapolis-based Republic Airways Holdings Inc.
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Veolia appeals regulators' rate-hike decision

August 10, 2009
Chris O'Malley
Veolia Water Indianapolis, which manages the city’s water utility, has appealed an order issued by state utility regulators that limited a major rate increase sought by the city.
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Republic, Southwest duel for Frontier

August 10, 2009
 IBJ Staff and Associated Press
Republic Airways Holdings Inc. is nearing judgment day in its battle with Southwest Airlines Co. for ownership of Frontier Airlines Holdings Inc.
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Orr fellows finding opportunity in male-dominated tech industry

August 10, 2009
Jo Ellen Meyers Sharp
Many young women who have participated in the Governor Bob Orr Indiana Entrepreneurial Fellowship program have landed at high-flying local technology firms.
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Emerging life sciences companies grabbing more in government grantsRestricted Content

August 10, 2009
Chris O'Malley
More emerging life science companies have found life in the form of federal Small Business Innovation Research grants.
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New Junior Achievement chief hopes to reach more kidsRestricted Content

August 10, 2009
Kathleen McLaughlin
The new CEO of Junior Achievement of Central Indiana, Jennifer Burk, said she has ideas for reinvigorating the base of corporate supporters and reaching more students with entrepreneurship programs.

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Lilly reorganizes venture capital unitRestricted Content

August 10, 2009
Peter Schnitzler
Eli Lilly and Co. has reorganized its venture capital division and simultaneously poured in an additional $25 million.More

For Zotec CEO, health care reform cuts both waysRestricted Content

August 10, 2009
J.K. Wall
In the eyes of Scott Law, Congress is heading in exactly the wrong direction on health care reform.

But the CEO of Zotec Partners predicts a big bump in sales for his physician-billing management company if current reform proposals become law.
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Credit unions to pay hefty tab for bailoutsRestricted Content

August 10, 2009
Peter Schnitzler
Local credit unions largely avoided putting toxic assets on their own balance sheets. Even so, they’re going to have to pay millions of dollars to clean up their industry’s books.
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United Way calling on well-heeled to dig deepRestricted Content

August 10, 2009
Kathleen McLaughlin
After so many years of trying to tap every possible cubicle-dweller for donations, United Way of Central Indiana is putting more effort into the richest veins in the workplace—the folks in corner offices.
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Contractors, manufacturers hope clean-energy incentives, mandates lead to more businessRestricted Content

August 10, 2009
Chris O'Malley
Federal stimulus funds and greenhouse-gas legislation have the potential to spark a green version of the Gold Rush. Many Indiana firms are retooling to sell products or services that are or might soon be in demand.
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Quest Information goes after government contractsRestricted Content

August 10, 2009
Chris O'Malley
Quest Information Systems does the kind of contracting where any screw-ups—even those not necessarily of its own doing—can bring an unflattering public spotlight. The Indianapolis custom software developer works for politicians and bureaucrats, a group many businesses seek to avoid.
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Indianapolis Motor Speedway CEO takes over at difficult timeRestricted Content

August 10, 2009
Anthony Schoettle
New Indianapolis Motor Speedway CEO Jeff Belskus has long been a behind-the-scenes figure at IMS. As the new leader of the Brickyard and the Indy Racing League, he faces several challenging issues, including gaining the confidence of the racing community.
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Corn dogs, elephant ears and spas ... at the fair

August 7, 2009
Kim Puckett
The Indiana State Fair brings to mind images of deep fried foods and carnival rides, but fair-goers sometimes buy big ticket items—like hot tub spas.
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Hill-Rom profit drops, beat expectations

August 7, 2009
Hill-Rom Holdings Inc. topped analysts' expectations in its fiscal third quarter even as hospital-spending cuts clipped its revenue by 9 percent, the company announced late yesterday.
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Brightpoint profit slips, but beats expectations

August 6, 2009
Scott Olson
Wireless device distributor Brightpoint Inc. said yesterday that profit and revenue fell in the second quarter because it sold fewer of the devices, and at lower prices.
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State picks first virtual charter-school operator

August 6, 2009
J.K. WallMore

Accuride warns of bankruptcy, reports loss

August 6, 2009
Scott Olson
Evansville-based truck parts maker Accuride Corp., one of the state's largest companies, warned today in its quarterly financial report that the company might seek bankruptcy protection if lenders refuse to restructure its debt.
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First Merchants posts larger loss on fraud charge

August 6, 2009
Scott Olson
Muncie-based First Merchants Corp. disclosed this week that the bank lost $31.2 million in the second quarter, including $10.2 million it blamed on fraudulent financial statements provided by a large commercial borrower.
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Purdue prof: 'Clunkers' could stall retail sales

August 5, 2009
Kim Puckett
The federal 'Cash for Clunkers' program has opened a floodgate of car sales that President Obama says is a much-needed boost for the economy. But retailers may feel the negative effects of America's collective investment in new cars, predicts a Purdue Retail Institute researcher.
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EnerDel lands $118 million stimulus grant

August 5, 2009
Scott Olson
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant from the federal government.
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Purdue prof: 'Clunkers' could stall retail sales

August 5, 2009
Kim Puckett
The federal "Cash for Clunkers" program has opened a floodgate of car sales that President Obama says is a much-needed boost for the economy. But retailers may feel the negative effects of America's collective investment in new cars, predicts a Purdue Retail Institute researcher.
More

EnerDel lands $118 million stimulus grant

August 5, 2009
Scott Olson
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant from the federal government.
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Irwin Financial narrows losses, continues restructuring

August 5, 2009
Scott Olson
Irwin Financial Corp. narrowed its losses in the second quarter, as the company continued to restructure or face the possible suspension of its business.
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Calumet Specialty suffers loss on falling sales

August 5, 2009
Calumet Specialty Products Partners L.P. this morning reported a loss of $26 million in the second quarter due to high crude oil prices and flagging product demand.
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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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