News & Analysis

Allison Transmission files for $750M IPO

March 20, 2011
Kathleen McLaughlin
Allison Transmission Inc. is counting on upgrades to truck and bus fleets in countries like China and India for its future growth, the company revealed in a filing it made Friday to raise up to $750 million through an initial public offering.
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Sides ponder political fallout of Statehouse boycott

March 20, 2011
Associated Press
Both Democrats and Republicans claim the walkout by Indiana House Democrats is rallying support for their side, spurring new donations and rousing the party faithful.
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Grissom air base to get $7.4 million control tower

March 20, 2011
Associated Press
An Indiana air base that houses the nation's largest fleet of KC135 four-engine tankers will get a high-tech air traffic control tower next year that supporters say will better serve its growing military, civilian and commercial aviation needs.
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Group begins work to save historic Wigwam gym

March 20, 2011
Associated Press
The Anderson School Board voted 6-1 this month to shutter the 9,000-seat Wigwam gym complex at the end of current school year as part of a wider budget-cutting plan that includes cutting 65 teachers' jobs.
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WellPoint CEO received 3-percent raise last year

March 19, 2011
Associated Press
The Indianapolis-based insurer awarded Angela Braly a total pay package worth $13.4 million, up from $13.1 million in 2009 even as the company's profit and enrollment numbers slipped.
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School district eyes events, students for revenue

March 19, 2011
Associated Press
Franklin Community Schools officials say they don't want to be in the same situation they were last year, when the state forced the district to eliminate $3 million from its budget.
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Fountain Square staple Peppy Grill thrives on independenceRestricted Content

March 19, 2011
Marc D. Allan
The sign behind the counter at the we-never-close greasy spoon sums up its distinct personality: “Cows may come and cows may go, but the bull in this place goes on forever.”
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Design flaws, defects stack up at 2-year-old airport terminalRestricted Content

March 19, 2011
Chris O'Malley
Since opening in late 2008, the midfield terminal and related structures at Indianapolis International Airport have required more than $2.5 million in fixes—not counting last month’s collapse of a canopy above the parking garage.
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Hospital systems adopt Starbucks-style service

March 19, 2011
J.K. Wall
Indiana University Health is the latest system to drill employees ranging from clerks to physicians in how to treat patients.
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Retail/office building planned for site at Fort BenRestricted Content

March 19, 2011
Tom Harton
Speculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge.
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Plastics specialist Genesis plays to eco-conscious marketRestricted Content

March 19, 2011
Fortville manufacturer plans $3.3 million expansion
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Practical IT firm Formstack a quiet success

March 19, 2011
Chris O'Malley
Formstack, the Indianapolis-based drag-and-drop form builder software firm, isn’t flashy like its California social-media-site sister Formspring, but it’s intensely practical for organizations needing contact forms, order forms and other online business tools.
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Home builder Estridge promises to finish homes, fight onRestricted Content

March 19, 2011
Anthony Schoettle
Paul Estridge Jr. says he’s in talks with three investors who are interested in keeping his company in business.
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Foundation defends risky, stock-heavy strategy

March 19, 2011
Kathleen McLaughlin
The Health Foundation of Greater Indianapolis is an aggressive supporter of charities that serve people with HIV and AIDS, but that aggression—in the form of a risky investment strategy and big payouts—almost led to its demise.
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Convictions likely in federal Fair Finance case

March 19, 2011
Scott Olson
Defense attorneys representing indicted businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co. could have a hard time convincing a jury to find them innocent. Federal prosecutors won 94.1 percent of their cases in 2009.
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Fear of GOP dominance fuels Indiana Dems' boycott

March 18, 2011
Associated Press
Indiana House Democrats, whose walkout nearly a month ago halted the legislative process, remain in no hurry to return considering they face the prospect of losing on almost every vote.
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Wabash National adding 200 jobs at Indiana plant

March 18, 2011
Associated Press
Trailer manufacturer Wabash National Corp. is adding 200 new jobs at its north-central Indiana plant to support a new contract to build bulk storage fluid tankers for another Indiana company.
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City to close Fountain Square charter school

March 18, 2011
J.K. Wall
The decision to close Fountain Square Academy, announced Friday morning at a press conference, marks the first time Mayor Greg Ballard has chosen to shut down a charter school.
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Northeast-side office building falls into foreclosure

March 18, 2011
The 83,653-square-foot office building at 6666 E. 75th St. near Binford Boulevard and Interstate 465, is known as Heritage Park II. It is only 55-percent occupied.
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INSIDE DISH: Cafe bolsters base of Turkish food fans

March 18, 2011
Mason King
Bosphorus Watch VideoAscending from server to owner of Bosphorus Istanbul Cafe, Orhan Demirtas has leveraged a relationship with Eli Lilly and Co. to diversify revenue, and solidified his base by opening a new breakfast cafe and hookah bar.
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Regulators delay approval of Lilly's Alzheimer’s screen

March 18, 2011
Bloomberg News
The Food and Drug Administration said Lilly needs to create a training program to ensure brain scans are interpreted properly.
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Westfield businessman jailed for tax evasion

March 18, 2011
 IBJ Staff
U.S. Attorney Joseph Hogsett said Joseph Hinshaw, 57, under-reported his income from 2003 to 2007 to avoid taxes and to obtain federal and state student loans.
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Borders closing another local bookstore

March 18, 2011
 IBJ Staff
The Ann Arbor, Mich.-based bookstore chain, which filed for Chapter 11 bankruptcy reorganization last month, announced yesterday it would close the Border’s store in the Shops at River Crossing near the Fashion Mall.
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Shoe Carnival reports record annual profit

March 18, 2011
The Evansville-based shoe and apparel retailer said it earned $26.8 million in its last fiscal year. The company also reported record same-store sales.
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Butler still getting big bounce from 2010 NCAA run

March 17, 2011
Anthony Schoettle
The number of applications to Butler University is up 41 percent—to a total of 9,357—compared with applications received by the same time last year, according to school officials. Requests for information and campus visits by prospective students are both up 35 percent for the year.
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  1. Can your dog sign a marriage license or personally state that he wishes to join you in a legal union? If not then no, you cannot marry him. When you teach him to read, write, and speak a discernible language, then maybe you'll have a reasonable argument. Thanks for playing!

  2. Look no further than Mike Rowe, the former host of dirty jobs, who was also a classically trained singer.

  3. Current law states income taxes are paid to the county of residence not county of income source. The most likely scenario would be some alteration of the income tax distribution formula so money earned in Marion co. would go to Marion Co by residents of other counties would partially be distributed to Marion co. as opposed to now where the entirety is held by the resident's county.

  4. This is more same-old, same-old from a new generation of non-progressive 'progressives and fear mongers. One only needs to look at the economic havoc being experienced in California to understand the effect of drought on economies and people's lives. The same mindset in California turned a blind eye to the growth of population and water needs in California, defeating proposal after proposal to build reservoirs, improve water storage and delivery infrastructure...and the price now being paid for putting the demands of a raucous minority ahead of the needs of many. Some people never, never learn..

  5. I wonder if I can marry him too? Considering we are both males, wouldn't that be a same sex marriage as well? If they don't honor it, I'll scream discrimination just like all these people have....

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