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News & Analysis
Ivy Tech building new campus in Anderson
October 7, 2009
IBJ Staff and Associated PressIvy Tech Community College will build a $20 million campus along Interstate 69 in Anderson, school and city officials
announced Tuesday.
MoreRemy unveils 'off the shelf' electric motor
October 6, 2009
Chris O'MalleyPendleton-based Remy International today formally unveiled its 'off the shelf' electric motors for hybrid vehicles.
MoreIT consultant up for tax abatement
October 6, 2009
Cory SchouteA city board this week will consider tax abatements worth about $47,000 over six years for Indianapolis-based IT consultant
Apparatus Inc., which is moving its headquarters to the former WFYI building at 1401 N. Meridian St.
MoreIndy Partnership's Web site, newsletter recognized
October 6, 2009
Indy Partnership has been chosen to receive three Excellence in Economic Development Awards today at the International Economic
Development
Council's annual conference in Reno, Nev.
MoreLogistics firm expanding headquarters in Greenwood
October 6, 2009
Greenwood-based Avram Worldwide said today that it will expand its headquarters and distribution operations in the city, and
plans to create 78 jobs by 2013.
MoreFishers officials propose huge medical park
October 5, 2009
IBJ StaffFishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69's Exit 10
Wednesday
night at the town's regular council meeting.
MoreCouncil to hear plan for stricter smoking ban
October 5, 2009
Scott OlsonA proposal that would prevent smokers from lighting up in all indoor public places in Marion County is expected to meet fierce
resistance from bar owners who oppose a stricter smoking ban.
MoreIU sees $63M revenue boost from enrollment jump
October 3, 2009
Associated PressIndiana University officials say this school year's record enrollment is leading to nearly $63 million in unexpected revenue
for its campuses across the state.
MoreIndianapolis Colts, other small-market NFL teams at risk if salary cap ends
October 3, 2009
Anthony SchoettleThe prospect of a 2010 National Football League season without a players’ salary cap could cause high-profile free
agents for the Colts and other small-market teams to gallop off for greener pastures.
MoreCamera retailer Roberts adjusts to the times, plans new store
October 3, 2009
Cory SchoutenThe home-grown retailer lately has sought to
supply cameras for government and law-enforcement entities as its once-reliable newspaper clientele scales back.
MoreOverhaul of teacher training threatens college budgets
October 3, 2009
J.K. WallProposed changes to teacher licensing rules are a threat in the eyes of most deans of Indiana’s colleges of education—both
to the quality
of
teacher training and to the budgets of the colleges.
MoreCharter school may take over rest of former Herron Art Institute
October 3, 2009
Cory SchoutenPlans for residential development on the site stalled as the housing market plummeted and recession set in.
MoreFDIC fee hitting small banks particularly hard
October 3, 2009
Scott OlsonFees imposed on U.S. banks to rebuild a Federal Deposit Insurance Corp. fund nearly depleted by scores of bank failures is
expected to sap profits of small financial institutions. Community banks with less income than their larger counterparts are
particularly at risk of having their 2009 earnings erased by the charges after an emergency fee on banks took effect June
30.
MoreCarmel performing arts center betting big on fund raising
October 3, 2009
Kathleen McLaughlinCarmel’s $137 million performing arts center is still a year from completion, but Executive Director Steven Libman
already is pounding the pavement for donations.
MoreCarmel man's coupon app for iPhone grabbing Yowza response
October 3, 2009
Marc D. AllanA Carmel software developer's app has gotten a lift from a Hollywood actor's unrelenting promotion.
MoreStock-market rebound lifts hopes of Hoosier mutual funds
October 3, 2009
Peter SchnitzlerThe economic downturn walloped all three of the mutual funds headquartered in Indiana. But they've each enjoyed significant
recoveries this year. And the smallest of the bunch has big plans to break away from the pack.
MoreCity receives host of sale, privatization ideas for water, sewer utilities
October 3, 2009
Chris O'MalleyOfficials grappling with a water utility deep in debt and a sewer infrastructure needing upwards of $2 billion in
upgrades were swamped with proposals about how to fix the mess.
MoreNew Emmis exec Charlie Morgan faces big challenges as he re-enters radio
October 3, 2009
Anthony SchoettleWhen local radio industry veteran Charlie Morgan stepped down as president of Indianapolis Motor Speedway Productions last
month, it could’ve appeared he was trying to escape the daunting problems of open-wheel racing. Unless you considered
where he was going.
MoreBanks work to protect electronic records from identity theft
October 3, 2009
Peter SchnitzlerBanks are fighting an ongoing battle with would-be identity thieves. Because banks are where the money is, the fight is
likely to go on a long time, with both thieves and banks growing in sophistication.
MoreConnersville progresses on Carbon Motors deal
October 2, 2009
Kathleen McLaughlinConnersville Mayor Leonard Urban says the city soon will clear legal and environmental hurdles that stand in the way of Carbon
Motors’ launching its operations in the former Visteon plant.
MoreUPDATE: Hurco exec getting $500,000 exit package
October 2, 2009
IBJ Staff and Associated PressJames D. Fabris, who is leaving Hurco Cos. Inc. at the end of the month following a long management tenure, will receive an
exit package worth more than $500,000.
MoreBrightpoint repurchases shares in settlement
October 2, 2009
Scott OlsonIndianapolis-based Brightpoint Inc. said Friday that it has entered into a settlement agreement with NC Telecom Holding A/S
to repurchase about 3 million Brightpoint shares from the Denmark holding company. NC Telecom owned Denmark-based Dangaard
Telecom before Brightpoint, the world's biggest wireless phone distributor, bought the cell phone distributor in August 2007.
MoreU.S. jobless rate reaches 9.8 percent in September
October 2, 2009
Associated PressThe unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected.
The report is evidence that the worst recession since the 1930s is still inflicting widespread pain.
MoreHurco president Fabris to resign
October 1, 2009
IBJ Staff and Associated PressIndianapolis-based Hurco Companies Inc., a computer control and software maker, said Thursday that James D. Fabris will resign
as president and chief operating officer as of Oct. 31.
MoreCity becomes hub of 'cryo-cooling' for truck trailers
October 1, 2009
Chris O'MalleyIndianapolis is the new operating headquarters of a Ukrainian-American venture producing refrigeration units for semi trailers.
The move comes with the naming this spring of Thomas Roller as president and CEO of Ukram Industries. Roller is known locally
as former CEO of Indianapolis-based Norwood Promotional Products and of Fruehauf Trailer, which was based here in the 1990s.
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On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.
Greenwood was scammed. Somebody didn't do due diligence in checking out the claims of this company. The manufacturing of insulin can't be done on the cheap. If it could be done, some big generic company would already have it on the market. The founder was either a scammer or a wild-eyed dreamer who made people believe that his Lilly experience was what they needed to make millions of dollars. Greenwood fell for a get-rich-quick scheme but smarter investors didn't make the same mistake.
DV, your list is not reasonable. For example, mass transit in Chicago does not benefit the poor Illinois farmer living on the Iowa border. So, there is no need for mass transit in Indy to benefit the retired widow living in Jasper, Indiana. Your comments, therefore, cannot be taken seriously yet it does reveal the narrow viewpoints that are robust here in Indiana. Mass transit works, even if not everyone in the city or state uses it.
To Me Tim McGraw's Tight Muscles are Truly Magical