News & Analysis

New steam plant could propel Speedway revivalRestricted Content

December 31, 2007
Chris O'Malley
A unit of Citizens Gas proposes building a natural-gas-fueled steam plant in Speedway to serve large employers in the town of 12,800.
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Local Sallie Mae executive leaving

December 27, 2007
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Buyout firm lands $202M infusionRestricted Content

December 24, 2007
Peter Schnitzler
Locally based Hammond Kennedy Whitney & Co. closed on $202 million in new capital this month, doubling its size. Its resources have increased, but HKW's investment philosophy is unchanged. It continues to buy small and midsize specialty manufacturing companies, infuse them with cash and management expertise, then patiently wait for them to grow.
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Taurel helped Lilly weather Prozac defeat, but he also stumbledRestricted Content

December 24, 2007
J.K. Wall
When Eli Lilly and Co. CEO Sidney Taurel announced his retirement Dec. 18, he said he was leaving the company in good shape. And he can cite plenty of evidence to support him. But when Taurel steps down as CEO March 31, he also will leave a legacy of a languishing stock price and some costly mistakes that some think could have been avoided. "The facts are the facts; I guess you can't ignore it. The stock price has been...
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Celadon tries to reverse declineRestricted Content

December 24, 2007
Chris O'Malley
In just over one quarter, shares of Celadon Group lost nearly half their value as profitable cargo got harder to find in a slowing economy. The stock closed at $9.13 on Dec. 19, down from nearly $17 in late August.
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Failing Noble Roman's franchisees say chain doesn't deliver on promisesRestricted Content

December 24, 2007
Cory Schouten
Noble Roman's Inc. wrote an impressive comeback story by selling its home-grown pizza and subs concepts to hundreds of gas stations, bowling alleys and food courts. But the Indianapolis company's push to add stand-alone restaurants across the country isn't going as smoothly.
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New Lilly CEO called analytical, 'incredibly warm'Restricted Content

December 24, 2007
J.K. Wall
John C. Lechleiter, whom Eli Lilly and Co.'s board voted to replace Sidney Taurel as CEO, is known for getting things done and yet also for being good at analysis and relating to people under him. Taurel will step down at the end of March but remain chairman until the end of 2008.
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SPECIAL REPORT: Financial travails dog 'mystery man' at helm of Premier Properties

December 17, 2007
Cory Schouten
An IBJ review of hundreds of pages of public records shows Christopher P. White and his Premier Properties USA Inc. are facing major financial and legal challenges. The most glaring signs of trouble: Contractors have filed more than $3.5 million in liens against Premier’s retail properties in Plainfield; the state of Indiana is trying to recover $375,000 in sales taxes on White’s airplane; and the contractor who renovated his Lake Clearwater mansion is suing him to recover more than $600,000 in unpaid bills.
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When work no longer satisfies, execs answer charity's callRestricted Content

December 17, 2007
J.K. Wall
When Jim Cotterill became president of the newly formed Hoosier Christian Foundation in August, it capped off six years of soul-searching for the Indianapolis entrepreneur. Cotterill represents growing numbers of local business professionals who have diverted their time and talent to charity and service.
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Logistics advocacy group Conexus gears up for statewide pitchRestricted Content

December 17, 2007
Chris O'Malley
Carol D'Amico, president and CEO of the newly formed industry advocacy group Conexus Indiana, is intent on boosting the visibility and growth of the logistics industry. Large though it is, it's also relatively ambiguous and sits in the shadow of the state's much-vaunted life sciences industry.
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Lilly's plan to outsource more work is good news, bad newsRestricted Content

December 17, 2007
J.K. Wall
Eli Lilly and Co. will shrink itself with "great intensity" over the next few years, in part by outsourcing. For other local life sciences firms, that's a fat pitch for new business. But it's not clear if non-Lilly firms can grow fast enough to offset the jobs and wages Indianapolis will lose from Lilly.
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'Mystery man' at helm of Premier Properties dreams big, but bills pile upRestricted Content

December 17, 2007
Cory Schouten
Christopher P. White is arguably the city's most daring real estate developer. But an IBJ review of hundreds of pages of public records shows White and his Premier Properties USA Inc. are facing major financial and legal challenges.
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Century-old manufacturer cleans up on dirty waterRestricted Content

December 17, 2007
Anthony Schoettle
One hundred and one years ago, Cole Stickle convinced the Langsenkamp family to help him start a company based on a technology few understood--turning water into steam power. Five generations later, the 15-employee operation continues to thrive.
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eGix buyout sets up Bell battleRestricted Content

December 17, 2007
Scott Olson
The fiercely competitive local telecommunications landscape should get even more heated, following Cincinnati Bell Inc.'s $18 million acquisition of Carmel-based eGix Inc. eGix provides bundled voice and data services, as well as high-speed Internet access and messaging products, to about 17,000 commercial customers.
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Critics fear tax reform will favor suburbsRestricted Content

December 10, 2007
Peter Schnitzler
As legislators prepare to overhaul the state's property-tax system, Marion County's future hangs in the balance. Indianapolis residents--particularly in the city's older, urban core--already pay far higher taxes than their suburban counterparts. And arguably get less bang for their buck. Changes on the table could make Marion County an even tougher sell.
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Clarian hospitals in Avon, Carmel turn corner after big lossesRestricted Content

December 10, 2007
J.K. Wall
Clarian Health officials say the only way they can keep operating their medical centers downtown is to support them with profitable suburban hospitals. So far, it seems Clarian is on the right track. As Clarian moves forward with a new, $180 million hospital in Fishers, its two existing suburban hospitals are starting to make money.
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Road getting bumpy for ethanol plantsRestricted Content

December 10, 2007
Chris O'Malley
The list of potential Hoosier ethanol plants is nothing short of astounding for a state that had just one ethanol-fuel distillery as recently as 2005. Beyond the six ethanol plants now operating and six others under construction, Purdue University agricultural economist Chris Hurt counts 27 others under consideration for Indiana.
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IMS may host airplane raceRestricted Content

December 10, 2007
Anthony Schoettle
Speedway officials are in discussions to bring an airplane race to Indianapolis. The Red Bull Air Race World Series is a 5-year-old airplane race circuit that combines the intrigue of a high-wire circus act, thrills of an alpine ski race, and cutting-edge technology of Formula One auto racing.
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Fundex mixes tradition with high-tech in game bizRestricted Content

December 10, 2007
Emily Groen
Fundex's Oct. 10 acquisition of the Great American Puzzle Factory keeps the Indianapolis-based game and toy company firmly planted in the tried and true, even as it experiments with the burgeoning mobile-game market.
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$24M makeover readies Historical Society for new era

December 10, 2007
Andrea Muirragui Davis
Indianapolis Historical Society leaders are taking the next step in the evolution of the archival-research-based group. The group's 8-year-old facility, the Indiana History Center, is getting a Disneyesque makeover, as is its programs.
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Knall accepts suspension in unusual SEC case

December 10, 2007
Greg Andrews
Newly public records suggest that securities investigators had far from an airtight insider-trading case against David Knall, the star Indianapolis investment broker who nonetheless agreed to settle the 3-year-old inquiry by agreeing to a one-year suspension. The Securities and Exchange Commission announced the pact Dec. 4. In addition to consenting to the suspension, Knall, a managing partner of Stifel Nicolaus & Co., agreed to pay $123,865.
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AllPoints Midwest lands huge leaseRestricted Content

December 3, 2007
Jennifer Whitson
The massive new AllPoints Midwest industrial park in Plainfield has landed its first tenant in a mega deal that likely will be the area's biggest industrial lease in 2007. Local logistics firm Prime Distribution Services Inc. has signed a lease for 1.2 million square feet in the 920-acre park, a joint venture between Indianapolis-based Duke Realty Corp. and Browning Investments Inc.
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WellPoint broadens push to improve healthRestricted Content

December 3, 2007
J.K. Wall
WellPoint, Indiana's largest health insurer, is making more noise than ever about what it's doing to help improve Hoosiers' and Americans' health.
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WFYI-TV adds digital channelsRestricted Content

December 3, 2007
Anthony Schoettle
WFYI-TV Channel 20 has quietly launched two public television channels, but a third station that's about to launch should pack the biggest punch. The Indiana Channel will feature an all-local lineup, including extensive live coverage of the Indiana General Assembly, judicial proceedings, and arts and cultural programming.
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Kits & Kaboodle founder back at it with Mass Ave storeRestricted Content

December 3, 2007
Michael Dabney
Local-toy-store veteran Natalie Canull is now operating a bustling store on Massachusetts Avenue that's narrowly focused on upscale toys--a niche that keeps her out of the path of mass-market heavyweights like Toys "R" Us and Wal-Mart.
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  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

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