News & Analysis

Mass Ave business owners split over proposed district tax

April 24, 2013
Kathleen McLaughlin
Opponents of a proposed tax to pay for improvements throughout the cultural district have accused tax advocates of rigging the proposal to ensure its passage.
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WellPoint CEO: Acquisitions of hospitals, doctors unlikely

April 24, 2013
J.K. Wall
Joe Swedish, who took the helm of the Indianapolis-based health insurer a month ago, threw cold-water Wednesday on widespread speculation that he will lead the company through a wave of buying hospitals and medical practices.
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Eli Lilly's profit shoots up despite lackluster sales

April 24, 2013
 IBJ Staff and Associated Press
The Indianapolis pharmaceutical company left its full-year profit forecast unchanged despite a spike in first-quarter earnings. Revenue fell short of analyst expectations.
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More Hoosiers favor legal pot than Pence's tax cut, poll says

April 24, 2013
Jeff Newman
A new poll of 600 voters by Howey Politics Indiana shows 39-percent approval for Gov. Mike Pence's proposed 10-percent tax cut. But 56 percent said they favor decriminalization of marijuana.
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Plan for massive reservoir finding more support

April 24, 2013
Associated Press
Hundreds of residents gathered at Daleville High School on Tuesday night to hear about the proposed Mounds Lake Reservoir, a 2,100-acre project that could cost as much as $400 million to build.
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Former U.S. education leader to take over USA Funds

April 24, 2013
 IBJ Staff
William D. Hansen, 53, served as Deputy U.S. Secretary of Education from 2001 to 2003. He'll replace current CEO Carl C. Dalstrom, who is retiring after more than a decade leading Indianapolis-based USA Funds.
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WellPoint raises profit forecast after solid first quarter

April 24, 2013
J.K. Wall
The Indianapolis-based health insurer easily beat Wall Street's expectations for earnings in the first quarter and revenue rose 15 percent.
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Indiana lawmakers drawing close on remaining measures

April 23, 2013
Associated Press
The leaders of the Indiana General Assembly said Tuesday they will continue meeting daily with Gov. Mike Pence to hammer out a broad range of issues before the 2013 session ends.
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Legislature taking tight-fisted stance with casinos

April 23, 2013
Associated Press
The casino bill approved by the House last week would grant less than a fifth of the tax breaks first proposed in the Senate. It also doesn't permit live table games at the racinos in Anderson and Shelbyville.
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Contractor pleads guilty to fraud involving FBI building

April 23, 2013
Associated Press
An Ohio man has admitted to defrauding more than $225,000 from contractors involved in FBI building projects in Indianapolis and Knoxville, Tenn.
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Pacers post solid attendance gains in regular season

April 23, 2013
Anthony Schoettle
Despite the negative noise this year about Pacers home attendance, the team had its second consecutive season increase. Revenue from tickets and sponsorships also rose.
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Banks scale back real estate needs as transactions shift online

April 23, 2013
Scott Olson
After zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level since 2006.
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Young & Laramore launches all-digital campaign for Scotts

April 23, 2013
Chris O'Malley
The growing preference for online-based advertising, exemplified by Y&L's new campaign for the national lawn-care service, is helping sow the seeds of traditional media's decline.
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After raid, pet store owner agrees to quit selling animals

April 23, 2013
 IBJ Staff
Animal control officers found hundreds of violations in March at The Fish Bowl, 2101 East Michigan St. The owner plans to continue operating his business as a pet-supply store.
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Nora pharmacy recalls compounded drugs

April 23, 2013
Associated Press
A pharmacy that makes specialty medications is recalling nearly 100 compounded drugs after federal regulators found potential safety problems during an inspection.
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Bill OK'd that grants Indiana tuition to some immigrants

April 23, 2013
Associated Press
Supporters say the change would help a couple of hundred students who had the rules changed on them after they had already started work on their college degrees.
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Indiana lawmakers approve looser superintendent rules

April 22, 2013
Associated Press
School district superintendents would no longer have to hold an Indiana superintendent's or teacher's license under a proposal that won final legislative approval on Monday.
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Senate bill jeopardizes tax-free online shopping

April 22, 2013
Associated Press
States could force Internet retailers to collect sales taxes under a bill that overwhelmingly passed a test vote in the U.S. Senate on Monday.
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Revoked charters could be forgiven $12M in loans

April 22, 2013
Associated Press
Seven schools whose charters were revoked by Ball State University in January would be absolved of payments along with another school which did not seek to renew its charter.
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Race for the Cure participation declines again

April 22, 2013
 IBJ Staff and Associated Press
This year's Komen Race for the Cure in Indianapolis fell to 21,380 participants—a 22-percent drop from a year ago—a top organizer said.
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Mercer courts employers with private exchange

April 22, 2013
J.K. Wall
Mercer Marketplace will offer health coverage from four companies—Aetna Inc., Cigna Corp., UnitedHealthcare and Anthem Blue Cross and Blue Shield.
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Republicans to question Ballard's $6M sports park

April 22, 2013
Kathleen McLaughlin
The City-County Council's GOP caucus will grill the mayor's staff in a private meeting Monday evening about plans for the park, which caught many of them by surprise last week.
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Lilly on the rise as investors run back to pharma stocks

April 22, 2013
J.K. Wall
Investors are gaining confidence in the ability of major drugmakers, including Eli Lilly and Co., to improve their pipelines of new products. The big pharma firms begin to report first-quarter earnings this week.
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Ball State kicks off fundraising drive for sports facilities

April 22, 2013
The Division I university wants to invest $20 million for new and improved complexes for baseball, basketball, football and golf, among other sports.
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Investors await progress report from WellPoint

April 22, 2013
Associated Press
Many investors expect the health care overhaul's coverage expansions to affect WellPoint more than other insurers.
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