News & Analysis

Second city Land Bank defendant pleads guilty

August 6, 2014
Cory Schouten
A second defendant in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty, and a judge has moved a trial for three remaining defendants to early 2015.
More

Panel set to select next Indiana Supreme Court leader

August 6, 2014
Associated Press
The Judicial Nominating Commission will meet Wednesday to interview Justices Loretta Rush, Mark Massa, Steven David and Robert Rucker before selecting a new chief justice to succeed Brent Dickson.
More

Memories, recipes all that remain of Indy bakery chain

August 6, 2014
Associated Press
There were 34 Roselyn stores in Marion and the surrounding counties before the business was closed 15 years ago following revelations of insect and rodent infestation at its production bakery.
More

KAR Auction Services makes $30M acquisition

August 6, 2014
 IBJ Staff
Carmel-based KAR Auction Services Inc., which released a solid quarterly earnings report Tuesday, acquired a 50-percent stake in Toronto-based Nth Gen Software Inc., which makes the TradeRev automotive remarketing system.
More

Ten-acre parcel near Colts stadium hits the market

August 6, 2014
Scott Olson
The vacant property west of Lucas Oil Stadium could get a boost from redevelopment efforts at the former GM stamping plant site just across White River.
More

After setbacks, Franklin wary of more development deals

August 6, 2014
Associated Press
A backlog of unfinished work by the Franklin Development Corp. is why Mayor Joe McGuinness doesn't want to give new funding to the organization until the pending projects are finished.
More

WellPoint unit launching $80M information exchange

August 6, 2014
Associated Press
Two insurers announced Tuesday that they are partnering for an ambitious project to establish one of the nation's largest health-information exchanges, an effort they hope will reduce duplication and improve patient outcomes.
More

Walgreen turns down inversion, to keep HQ in U.S.

August 6, 2014
Associated Press
The nation's largest drugstore chain said it will no longer pursue an overseas reorganization that would have trimmed the amount of U.S. taxes it pays.
More

State studies whether to reduce rules for licensed workers

August 5, 2014
 The Statehouse File
The changes could impact some 470,000 Hoosiers, including health care workers, barbers, plumbers, social workers and others – people who face rules that critics say are far too burdensome.
More

Feds require state to talk to Native Americans for HIP 2.0 plan

August 5, 2014
 The Statehouse File
State officials met Tuesday with members of the Pokagon Band of Potawatomi Indians in an effort to satisfy federal regulators who are considering a proposed expansion of the state’s low-income health insurance program.
More

Three killed in shooting outside Indiana business

August 5, 2014
Associated Press
A northern Indiana sheriff said three people are dead following a shooting outside a furniture plant in the city of Monticello.
More

Gannett just latest player to separate print, digital media

August 5, 2014
Associated Press
Some observers see the rush to separate less profitable print businesses from growing TV and digital operations as an ominous sign for the newspaper industry.
More

Plea deal rejected for ex-Indiana county auditor

August 5, 2014
Associated Press
Lawyers are reworking an agreement under which a former county auditor in Indiana was expected to plead guilty to criminal charges of wrongly paying personal expenses with county-issued credit cards.
More

ChaCha CEO Jones launches app school in Carmel

August 5, 2014
Dennis Barbosa
Some of the events will take place at Scott Jones’ estate at 1150 W. 116th St. The unique setting prompted the founders to name the school Eleven Fifty.
More

ITT cash crunch has analysts raising spectre of bankruptcy

August 5, 2014
J.K. Wall
Carmel-based ITT Educational Services no longer has a margin of error, as it tries to dig out from a scuttled real estate deal, tightened rules from lenders and the feds, and its CEO's pending resignation.
More

Two Indianapolis-based tabloids up for sale

August 5, 2014
Anthony Schoettle
Long-time local publisher Ted Fleischaker recently put his two print publications—The Word and Up Downtown—on the market. He says he's a motivated seller.
More

UPDATE: Indy Star owner to break into two companies

August 5, 2014
Bloomberg News, Associated Press
McLean, Virginia-based Gannett is the latest in a string of media companies to break off print from faster-growing media businesses, including broadcast TV.
More

Construction blitz in full swing around Ball State

August 5, 2014
Associated Press
With less than two weeks until the start of classes at Ball State University, businesses in Muncie that will cater to students are racing to complete their building projects.
More

Group fighting sexual violence closes over unpaid taxes

August 5, 2014
Associated Press
The Indiana Coalition Against Sexual Assault suspended its operations after failing to pay payroll and other taxes, raising alarm that victims will fall through the cracks.
More

Van Rooy converting more units to market rate

August 5, 2014
Scott Olson
The local apartment owner and manager will spend $2.5 million to upgrade Ransom Place near the IUPUI campus from Section 8 housing. It's the second time the company has undertaken such a project in the neighborhood the past few years.
More

Elwood Staffing to add 40 jobs at Columbus HQ

August 5, 2014
 IBJ Staff
The company, which already employs 200 in Indiana and 1,000 across the country, will accommodate the expansion by buying and renovating a building across the street from its current headquarters.
More

Interactive Intelligence takes quarterly loss

August 4, 2014
 IBJ Staff
Interactive was right on target with the preliminary earnings announcement it made July 16, when it predicted revenue between $86 million and $88 million and an operating loss between $11 million and $12 million.
More

ISTEPs bring 'mixed bag' for Indiana charter schools

August 4, 2014
Associated Press
Performance among Indiana's charter schools on the 2014 ISTEP tests ran the gamut from low passing rates to rates similar to the state's best public schools.
More

ITT Educational CEO signals resignation amid stock freefall, federal scrutiny

August 4, 2014
Mason King, J.K. Wall
Carmel-based ITT Educational Services Inc. announced late Monday afternoon that CEO Kevin Modany planned to resign within six months. The struggling for-profit education firm has drawn scrutiny from government officials for its marketing and lending practices.
More

Pacers’ NBA title odds plunge after George’s broken leg

August 4, 2014
Bloomberg News
The Pacers were among the favorites to challenge for the Eastern Conference title this season. That was before Paul George tried to block a layup during a Team USA scrimmage three days ago and broke his right leg in multiple places.
More
Page  << 1 2 3 4 5 6 7 8 9 10 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

ADVERTISEMENT