News & Analysis

Auctioneers: Recession may be going, but not yet goneRestricted Content

January 26, 2009
Sam Stall
Auction prices are an economic bellwether, since selling items to the highest bidder an an effective way to determine what pretty much anything—from a Fortune 500 company to a Hummel figurine—is really worth.
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Stock declines could make public companies takeover targetsRestricted Content

January 26, 2009
Peter Schnitzler
Not so long ago, most Indiana public companies were firmly in control of their destinies. Now after seeing their stock prices plunge, many would , be little more than sitting ducks were outsiders to launch takeover bids. If anybody's still got the money and chutzpah to buy, that is.
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Financial crisis, recession hammer deal flowRestricted Content

January 26, 2009
Scott Olson
Companies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the blame on the credit crunch that rattled the nation's economy and sent deal-making into a downward spiral.
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Small firms get creative to avoid layoffsRestricted Content

January 26, 2009
Peter Schnitzler
As the recession deepens, many small-business owners face a dilemma. When small businesses slow down, it doesn't make headlines like a shuttered manufacturing plant would. But relatively speaking, their layoffs are just as meaningful. Losing even a handful of key people can be crippling.
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Indianapolis 'raising the game' for tourism

January 22, 2009
Andrea Muirragui Davis
Lackluster economy be darned, Indianapolis' tourism trade gained ground in 2008. And the city's new head cheerleader has even higher hopes for this year and beyond.
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Former hospital could become student housingRestricted Content

January 19, 2009
Cory Schouten
Ivy Tech Community College is working with private developers on an $18 million plan to turn the old St. Vincent Hospital on Fall Creek Parkway into a housing complex for Ivy Tech and IUPUI students.
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Falling scrap prices hurt recycling industryRestricted Content

January 19, 2009
Sam Stall
It's the best of times and the worst of times for Indianapolis recycling firms. On the one hand, public interest and participation in recycling programs have never been stronger. On the other, the industry's capacity to turn all that trash into treasure rarely has been weaker.
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City's environmental effort gets boostRestricted Content

January 19, 2009
Chris O'Malley
The McKinney Family Foundation has created a fund to support initiatives of Mayor Greg Ballard's 3-month-old Office of Sustainability, an environmental initiative that promotes projects ranging from energy-efficient city buildings to bicycle paths.
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Sagamore Club hits financial roughRestricted Content

January 19, 2009
Anthony Schoettle
Members of an exclusive Noblesville golf club are worried the operation might fold under financial pressure, but The Sagamore Club's operators say a predicted cash infusion will keep golf balls flying this spring.
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Carmel startup lands $12M in venture capitalRestricted Content

January 19, 2009
Peter Schnitzler
Carmel startup Waterstone Pharmaceuticals Inc., which hopes to research drug components here and make them in China, has just raised $12 million in venture capital—despite the recession and a deep freeze in financial markets.
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Theater companies multiply, but audiences don'tRestricted Content

January 19, 2009
Kathleen McLaughlin
New theaters have popped up in Indianapolis and around the United States in recent years, adding to communities' cultural vitality. But a first-of-its-kind national study reveals a trend that could spell trouble: As theaters multiplied, the overall audience shrank.
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Mass Ave redevelopment reaches a roadblockRestricted Content

January 19, 2009
Cory Schouten
Indianapolis Public Schools is looking for a new redevelopment strategy for its 11-acre facility on Massachusetts Avenue after an ambitious proposal for the historic former Coca-Cola bottling plant fizzled.
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OBS Medical hopes to capture pharma's heartRestricted Content

January 19, 2009
J.K. Wall
The latest product to come out of Carmel-based OBS Medical may be just what the doctors ordered. The doctors working for major pharmaceutical companies, that is.
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IT not what it was at time of landmark reportRestricted Content

January 19, 2009
Chris O'Malley
A 2000 study has proven to be "remarkably prescient" in identifying information technology as a mainstay of the local economy that would "affect all industries and all jobs," said Michael J. Hicks, the top economist at Ball State University.
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Town of Fishers considers new form of governmentRestricted Content

January 19, 2009
Kathleen McLaughlin
Sitting in gridlocked traffic along Interstate 69, Fishers residents might already think of their town as a city. This sprawling suburb of 65,000 people certainly looks nothing like the burg of less than 1,000 it was three decades ago. But down at the municipal government complex, Fishers is still a town, just as it was incorporated in 1891.
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Lilly settles Zyprexa marketing suit for $1.4 billion

January 15, 2009
J.K. Wall
Indianapolis-based Lilly pleaded guilty to one violation of the Food, Drug and Cosmetic Act on Thursday and agreed to pay $1.42 billion to settle both that criminal charge as well as civil lawsuits in which it did not admit wrongdoing.
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Legislation takes aim at AnthemRestricted Content

January 12, 2009
J.K. Wall
Anthem Blue Cross and Blue Shield's growing market dominance in Indiana is sparking a backlash from doctors who plan to push a bill this year in the Indiana General Assembly that would allow physicians to reject patients covered by massive health insurer.
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MacVittie reviving Caldwell VanRiper agencyRestricted Content

January 12, 2009
Anthony Schoettle
One of Indianapolis' most storied advertising agency names is coming back to the local market. Longtime local ad exec Paula MacVittie came out of retirement late last year to acquire Marc USA Indianapolis from its Pittsburgh-based parent company, renaming the firm Caldwell VanRiper.
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Movie about first Indy 500 ready for green flagRestricted Content

January 12, 2009
Anthony Schoettle
A local group headlined by the creator of the movies "Hoosiers" and "Rudy" is spearheading an effort to bring the story of the very first Indianapolis 500 to the silver screen.
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Penrod suspect had past brushes with the lawRestricted Content

January 12, 2009
Kathleen McLaughlin
As an accounting student at Ball State University, Brandon J. Benker had a thirst for high-stakes gambling. But that didn't keep Benker from landing a job with an Indianapolis accounting firm, or serving as treasurer of The Penrod Society, a local not-for-profit that now alleges he took every penny of the $380,000 in its account.
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Green bills sprout at StatehouseRestricted Content

January 12, 2009
Chris O'Malley
Legislation filed in the Indiana General Assembly this year seeks renewable energy mandates, stricter building codes throughout Indiana.
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Local chiropractor bounces into fitness businessRestricted Content

January 12, 2009
Whitney Lee
Fishers chiropractor Steven Roberts had been teaching fitness classes using inflatable exercise balls for about seven years when he had a brainstorm—his adult clients might get even more out of them if the balls had handles.
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Portrait and Pasquinelli Homes winding down in IndianapolisRestricted Content

January 12, 2009
Cory Schouten
One of central Indiana's largest condominium builders may have to exit the market because of slowing demand and problems with financing. At peak, Chicago-based Portrait and Pasquinelli Homes was building 250 units per year in Indianapolis
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Ball State hopes for gold as students follow profs into new media venturesRestricted Content

January 12, 2009
J.K. Wall
Students, commerce and emerging media have moved to the forefront of Ball State's mission under President Jo Ann Gora, attracting corporate dollars to the university.
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Craving for convenience fuels Ivy Tech's online boomRestricted Content

January 12, 2009
Scott Olson
Students are flocking to online classes at Ivy Tech Community College faster than the burgeoning college is racking up overall growth—mirroring a national trend toward computers over classrooms.
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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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