News & Analysis

NCAA decision paves way for more aid to athletes

August 8, 2014
Bloomberg News
The changes may further increase the wealth gap between the 65 schools in the top five conferences and the rest of the Indianapolis-based NCAA’s roughly 350 Division I members.
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U.S. worker productivity recovers after steep fall

August 8, 2014
Associated Press
The Labor Department said Friday that that productivity increased 2.5 percent at a seasonally adjusted annual rate, after plummeting 4.5 percent in the first quarter.
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Report: Indiana consumer spending rebounds from recession

August 8, 2014
Associated Press
A new report by the U.S. Commerce Department shows that consumer spending in Indiana has rebounded from the end of the Great Recession faster than the national average.
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State agency says it lacks adoption subsidy money

August 8, 2014
Associated Press
The Indiana Department of Child Services says it isn't paying subsidies to parents who adopted special-needs children out of foster care because the state Legislature hasn't appropriated enough money.
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Delayed Sugar Creek food plant may operate by next summer

August 7, 2014
Associated Press
A food processing plant that's expected to bring 400 jobs to eastern Indiana should begin operations in July 2015, a top company official says.
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Boost for vets' health: Obama signs new law

August 7, 2014
Associated Press
Tens of thousands of military veterans who have been enduring long waits for medical care should be able to turn to private doctors almost immediately under a law signed Thursday.
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Mike's Carwash splitting into two companies

August 7, 2014
Scott Olson
The central Indiana locations of Mike's will undergo a name change as part of the reorganization and will be called Crew Carwash effective Oct. 5. Other locations in Indiana, Ohio and Kentucky will retain the Mike's name.
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Local Goodwill boss McClelland set to retire in mid-2015

August 7, 2014
Andrea Muirragui Davis
After four decades at the helm of Goodwill Industries of Central Indiana, CEO Jim McClelland plans to step down at the end of June.
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Pennsylvania, NCAA seek time for talks in Penn State suit

August 7, 2014
Associated Press
Lawyers for the NCAA, the governor of Pennsylvania and others asked a judge to give them a month to work on a possible settlement of a lawsuit over the penalties Penn State University is paying for mishandling the Jerry Sandusky child molestation scandal.
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NCAA grants more power to five biggest conferences

August 7, 2014
Associated Press
The NCAA Board of Directors overwhelmingly passed historic reforms Thursday that will give the five biggest conferences, including the Big Ten, the ability to unilaterally change some basic rules governing college sports.
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Hospital services center to hire up to 320 workers

August 7, 2014
 IBJ Staff
An affiliate of Lutheran Health Network in northeast Indiana that concentrates on health-related businesses services expects to nearly triple its workforce.
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ITT Educational scrutiny spreads to college’s lenders

August 7, 2014
Bloomberg News
For-profit college ITT Educational Services Inc., already under pressure from the U.S. Education Department, is facing stricter terms from lenders that could put its operations at risk.
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Baldwin & Lyons' profit surges on big investment gains

August 7, 2014
 IBJ Staff
Of the insurer's $9.3 million in profit in the second quarter, only $4.1 million was attributed to its core operations.
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Finance company cutting 170 jobs in Evansville

August 7, 2014
 Associated Press and IBJ Staff
Springleaf Finance, a division of Springleaf Holdings Inc., has told state officials that it will permanently close its 170-worker mortgage servicing center in Evansville.
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Calumet Specialty takes loss after refinery slowdown

August 7, 2014
 IBJ Staff
Calumet Specialty Products Partners LP suffered a bigger-than-expected second-quarter loss, partly due to a 30-day slowdown for maintenance at its refinery in Shreveport, Louisiana.
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Celadon misses mark despite jump in revenue, profit

August 6, 2014
 IBJ Staff
Celadon Group Inc. on Wednesday afternoon reported surging profit and revenue in its latest quarter, but its performance fell short of analyst expectations.
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Bank of America close to record settlement with U.S.

August 6, 2014
Associated Press
Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.
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City OKs $10M in street upgrades for natatorium plan

August 6, 2014
 IBJ Staff
The Indianapolis Metropolitan Development Commission on Wednesday approved $10 million in downtown tax-increment financing funds to pay for street improvements on the IUPUI campus. The contribution works in conjunction with IUPUI's $20 million overhaul of the IU Natatorium.
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Indiana agrees to $3M settlement in school test hitch

August 6, 2014
Associated Press
Indiana's state schools superintendent says she has reached a $3 million settlement with CTB/McGraw-Hill after disruptions to standardized tests last year.
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Rush named first female Indiana Supreme Court chief justice

August 6, 2014
Associated Press
Loretta Rush, a longtime juvenile court judge who joined the Indiana Supreme Court in 2012, was unanimously chosen as the state's first female chief justice Wednesday, setting the stage for what could be a long run at the court's helm.
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UPDATE: City board approves recycling deal with Covanta

August 6, 2014
Kathleen McLaughlin
Despite heavy lobbying from opponents, the Indianapolis Board of Public Works on Wednesday voted 4-1 in favor of a contract extension with incinerator operator Covanta that will make the company the city's main household recycling provider for the next 14 years.
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Vote would let big conferences set their own rules

August 6, 2014
Associated Press
The NCAA board of directors will vote Thursday on a proposal that would give the five wealthiest college football conferences the ability to make rules and pass legislation without the approval of the rest of Division I schools.
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City board approves recycling deal with Covanta

August 6, 2014
 IBJ Staff
The Indianapolis Board of Public Works voted Wednesday to approve Covanta as the city’s main residential recycling provider for the next 14 years.
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Amazon extends same-day delivery service to Indy

August 6, 2014
 IBJ Staff
Beginning Wednesday, local customers who subscribe to Amazon's Prime service can order items as late as noon and receive them by 9 p.m. the same day for a flat service charge.
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Second city Land Bank defendant pleads guilty

August 6, 2014
Cory Schouten
A second defendant in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty, and a judge has moved a trial for three remaining defendants to early 2015.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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