News & Analysis

Developer's fraud trial enters second day

August 18, 2009
Cory Schouten
Marion County prosecutors this morning began making their case that Christopher P. White knowingly wrote a bad check for $500,000 last year in a desperate attempt to save his Indianapolis-based development firm, Premier Properties USA Inc.
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Dental startup locating in Noblesville

August 18, 2009
 IBJ Staff
Therametric Technologies Inc., a developer of dental health technology, said today it will locate its headquarters and manufacturing operations in Noblesville, and plans to create 40 jobs by 2013.
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Phoenix Group expands, may add 200 jobs

August 18, 2009
Scott Olson
The Phoenix Group, a Greenwood-based supply-chain services company, said yesterday that it has added 15 employees within the past month and plans to hire about 200 more workers by the end of 2010.
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Columbia Club hires Cincinnati native as GM

August 17, 2009
 IBJ Staff
James B. “Jim” Rentschler, former general manager at the University Club of Cincinnati, has been named general manager of The Columbia Club.

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WellPoint stock bucks market plunge

August 17, 2009
 IBJ Staff and Associated Press
News that the Obama administration might be willing to drop the idea of a government-run health insurance plan has given a big boost to Indianapolis-based insurer WellPoint Inc.

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Ron Henriksen has accumulated a lifetime of mergers and acquisitionsRestricted Content

August 17, 2009
Marc D. Allan
A light touch and an eye for detail have brought Ron Henriksen riches and adventure in a humble life of deal-making. And at age 70, he has no plans to stop.
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Artists expanding presence in western suburbsRestricted Content

August 17, 2009
Kathleen McLaughlin
Several arts groups are expanding their presence in Hendricks County, undeterred by tight budgets and a perception that residents need to travel to Indianapolis for cultural offerings.

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Butler launches search for more moneyRestricted Content

August 17, 2009
J.K. Wall
In five years, Butler University President Bobby Fong wants to vault his school into the top 10 of the nation’s master’s universities—schools that offer bachelor’s and master’s degrees but few doctorates.
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Summer program turns teens into entrepreneursRestricted Content

August 17, 2009
Riya V. Anandwala
Eighteen students from Indianapolis’ Haughville neighborhood sold their wares— ranging from caps and sunglasses to purses to home-baked cookies—as part of a summer business-education program for low-income youth.
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Loan defaults could cost David Marsh his Geist homeRestricted Content

August 17, 2009
Cory Schouten
David A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.
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Schumacher leads Indians to 33 straight years of profitsRestricted Content

August 17, 2009
Anthony Schoettle
Max Schumacher, now in his 52nd year with the Indians, runs a tight ship. His attention to detail and strategic thinking have served the city's minor league baseball team well.
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Plethora of candidates likely for symphony postRestricted Content

August 17, 2009
Kathleen McLaughlin
The Indianapolis Symphony Orchestra's messy split with Mario Venzago is not expected to hamstring its search for a new music director.

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Schumacher prepares for eventual Indians exitRestricted Content

August 17, 2009
Anthony Schoettle
Max Schumacher is healthy, feels good and wants to continue working for the Indianapolis Indians full time. But with his 77th birthday approaching in October, Schumacher, chairman and president of the team, needs a succession plan.
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Glut of downtown office space grows

August 17, 2009
Cory Schouten
Safeco is leaving a five-building complex on North Meridian Street, and Eli Lilly and Co. has offered for lease its entire four-building Faris campus.

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Tenants trickling in to Purdue’s technology centerRestricted Content

August 17, 2009
Chris O'Malley
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8 million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
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Lottery sales fall 11 percent as Lotto, scratch-off demand wanes

August 14, 2009
Scott Olson
The Hoosier Lottery limped through its latest fiscal year, turning in its poorest sales performance in a half-decade due mostly to declining demand for Hoosier Lotto tickets and scratch-off games, the Lottery said today.
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IU Trustees elect Fort Wayne doctor president

August 14, 2009
 IBJ Staff
The Indiana University Board of Trustees have elected Fort Wayne surgeon Dr. William Cast to a two-year term as the board's president.
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IndyGo adding hybrids to supervisory fleet

August 14, 2009
 IBJ Staff
IndyGo plans to buy six new hybrid vehicles for its transportation supervisors.

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Deal returns Steak n Shake to steakhouse biz

August 13, 2009
Greg Andrews
The Steak n Shake Co.’s announcement this morning that it plans to purchase Western Sizzlin Corp. for about $23 million puts the Indianapolis restaurant company back in the steakhouse business for the first time since exiting it nearly a decade ago.
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Steak n Shake acquiring Western Sizzlin

August 13, 2009
Cory Schouten
The Steak n Shake Co. said it plans to acquire the Western Sizzlin restaurant chain in a deal valued at $23 million.
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DailyMed sales trim Arcadia losses

August 13, 2009
J.K. Wall
Arcadia Resources Inc. narrowed its losses in its most recent quarter as it started to accelerate sales in its highly-touted DailyMed program, the company said today.
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Carbon Motors files for $310 million loan

August 13, 2009
 IBJ Staff
Carbon Motors yesterday filed for a $310 million federal loan to help it begin producing high-tech police cars in Connersville.
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Denver group trying to lure Republic Airways HQ

August 13, 2009
 IBJ Staff
Indianapolis-based Republic Airways Holdings Inc. and Southwest Airlines Co. will battle it out in a bankruptcy court auction today for the rights to acquire Denver-based Frontier Airlines Holdings Inc.
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Southwest bid for Frontier could be in trouble

August 13, 2009
Scott Olson
Southwest Airlines Co.'s bid for Denver-based Frontier Airlines Holdings Inc. may have hit turbulence, according to the Dallas Morning News.
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Abatement approval paves way for Covance jobs

August 12, 2009
Scott Olson
The Hancock County Council this morning unanimously approved a tax-incentive agreement that should lead Covance Inc. to add 315 jobs at its Greenfield Laboratories.
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