News & Analysis

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.
More

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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Conseco profit at high end of estimates

August 4, 2009
J.K. Wall
Conseco Inc. recorded profit at the high-end of its preliminary estimates, the company announced today.
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UPDATE: Simon rents, occupancy buck shopping decline

August 4, 2009
Cory Schouten
Sales still are suffering at shopping centers owned by Simon Property Group Inc., but the Indianapolis-based mall giant managed in the second quarter to keep occupancy steady and eke out an increase in average rent rates.
More

Marsh extends olive branch to angry followers

August 4, 2009
Marsh Supermarkets late yesterday issued a mea culpa after it stopped honoring a $10 coupon just days after introducing the online promotion.
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White River Capital's profit drops 33 percent

August 4, 2009
White River Capital Inc. today reported its profit in the second quarter fell 33 percent compared to the same period last year, due primarily to expenses associated with its canceled merger.
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Simon reports loss amid tough retail conditions

August 4, 2009
Cory Schouten
Indianapolis shopping mall giant Simon Property Group Inc. today said it lost $20.8 million in the second quarter in what it called a "difficult retail environment."
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Marsh promotion cancellation sparks anger

August 3, 2009
Scott Olson
Marsh Supermarkets’ decision to stop honoring a $10 online coupon just days after introducing the promotion has angered hundreds of followers of the grocer’s Facebook page.
More

Penrod Society sues ex-treasurer for $380,000

August 3, 2009
Kathleen McLaughlin
The Penrod Society has filed a lawsuit against former treasurer Brandon Benker, seeking to recover more than $380,000 it alleges he embezzled last year.
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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