News & Analysis

Review finds no conflict in state's deal with Mainstreet

May 7, 2013
 IBJ Staff and Associated Press
Gov. Mike Pence asked the Indiana Economic Development Corp. in early April to review its decision to grant $345,000 in performance-based economic incentives to Mainstreet Property Group LLC, a company started by a top Republican lawmaker and his son.
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Subaru planning major expansion in Indiana

May 7, 2013
 IBJ Staff and Associated Press
Subaru plans to expand its Lafayette factory and add hundreds of workers to build the Impreza small car there, a source briefed on the matter says.
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Interactive Intelligence shares soar after forecast upgrade

May 7, 2013
Dan Human
The tech firm's shifting emphasis toward cloud services has boosted sales and profits. Strong results for the first quarter lifted its stock as much as 20 percent Tuesday.
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Pence signs sentencing, IEDC-transparency bills

May 7, 2013
Associated Press
Indiana Gov. Mike Pence signed three bills into law Tuesday, one involving government transparency in economic development deals, one related to school safety and another overhauling criminal sentencing.
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Central Indiana county not blocking wind farm plans

May 7, 2013
Associated Press
Delaware County commissioners decided Monday that they won't take immediate action on a moratorium to block a proposed wind farm.
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Governor taps ex-WellPoint CEO Braly for IEDC board

May 7, 2013
J.K. Wall
The appointment is the first high-profile post that Braly, 51, has accepted since she was ousted from the top spot at the Indianapolis-based health insurer in August.
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Art imitates life in commercial based on Kosene family

May 7, 2013
Chris O'Malley
Former Indianapolis filmmaker Alex Kosene bases the story in a local advertising shoot for a Swiss watchmaker on his relationship with his developer dad.
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Browning exec Dye joining The Whitsett Group

May 7, 2013
Scott Olson
Dennis Dye will become a partner at Whitsett, a prolific developer of affordable housing. He has served two stints at Browning totaling about 20 years.
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Indiana farmers still far behind planting corn crop

May 7, 2013
Associated Press
The federal government's weekly crop report says 8 percent of the Indiana corn crop was planted as of Sunday, well behind the 82 percent planted by the same time last year.
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Indiana firms lose ground on Fortune 500 list

May 7, 2013
Mason King
Five of the six Hoosier firms that appear in the 2013 rankings slipped from their positions in last year's list of the largest U.S. companies.
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Interactive Intelligence sees higher profit on more orders

May 6, 2013
 IBJ Staff
Interactive Intelligence Group Inc. saw earnings jump to $1.46 million in the first quarter as sales orders rose 31 percent.
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Judge grants class status to lawsuit against BMV

May 6, 2013
Associated Press
As many as 4 million Indiana drivers could become plaintiffs in a lawsuit alleging the Indiana Bureau of Motor Vehicles has overcharged for driver's licenses since 2007.
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Lilly CEO to step down temporarily due to surgery

May 6, 2013
J.K. Wall
John Lechleiter has been suffering from a dilated aorta, Eli Lilly and Co. said Monday. Current CFO Derica Rice will take his place until later this summer.
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Biosciences institute aims for $300M endowment

May 6, 2013
J.K. Wall
The effort to launch the Indiana Biosciences Research Institute got $25 million from the Legislature, but the life sciences institutions backing the effort have set their funding sights much higher.
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Lilly's sales-force restructuring to affect 1,600-plus

May 6, 2013
J.K. Wall
Lilly will eliminate 1,624 positions from its U.S. sales force in July, according to a notice the company made to state officials. But some of those workers may be rehired by the firm.
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Developer shelves plan to buy city land, build Meijer

May 6, 2013
Scott Olson
Opus Development Corp.'s proposal for the project north of downtown included buying and bulldozing dozens of historic homes in the Flanner House neighborhood.
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Indiana Amtrak riders suggest more frequent trains

May 6, 2013
Associated Press
State officials are studying the estimated $4 million to $5 million a year it might cost to continue Amtrak's Hoosier State service between Indianapolis and Chicago.
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Lilly taking hard look at Pfizer's new Viagra strategy

May 6, 2013
Associated Press
Major drugmakers, including Indianapolis-based Eli Lilly and Co., are closely watching Pfizer Inc.'s plan to sell Viagra directly to consumers. The bold move blows up the drug industry's distribution model.
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Parking competition prompts new airport plan

May 6, 2013
Kathleen McLaughlin
Indianapolis International Airport has dubbed its parking brand "ParkIND" and will use it to promote new features and discounts.
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ISTEP troubles show test considered too big to fail

May 5, 2013
Associated Press
Beyond the obvious and critical role it plays in determining how children advance in school, the test has more recently become a barometer for whether teachers get pay increases and whether schools are making the grade.
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Former Gov. Bowen dies

May 5, 2013
Associated Press
Otis R. Bowen, a small-town family doctor who overhauled Indiana's tax system as governor before helping promote safe sex practices in the early years of AIDS as the top federal health official under President Ronald Reagan, died Saturday. He was 95.
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Local enrollment for culinary schools risingRestricted Content

May 4, 2013
Anthony Schoettle
The surprising growth corresponds with the recent expansion of the Indiana Convention Center, and an explosion in the popularity of The Food Network and chef-centric programming. But don't expect to make a mint.
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Inquiry targets cellphone subsidiesRestricted Content

May 4, 2013
Dan Human
State officials want to know how an Oklahoma City company managed to set up 30,000 Indiana accounts for a federally subsidized phone program in less than a year. The Indiana Utility Regulatory Commission has launched an investigation into whether TerraCom LLC is repeating federal violations it allegedly committed in Oklahoma.
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Stadium Lofts apartment project nears opening dayRestricted Content

May 4, 2013
Scott Olson
The unusual nature of the redevelopment and its location are driving strong leasing activity.
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Lessons unlearned, a correction is aheadRestricted Content

May 4, 2013
Ross Reller
The problems that led to the real estate and financial meltdown have not been fixed, and we are less than a generation away from repeating the mistakes.
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