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News & Analysis
Vet supplier promises 30 jobs in Whitestown
August 11, 2009
IBJ StaffIdaho-based MWI Veterinary Supply Inc. said today it will establish distribution operations in Indiana by leasing space in
Whitestown, creating more than 30 new jobs by the end of the year.
MoreSteak n Shake posts profit, rise in customer traffic
August 11, 2009
Scott OlsonSteak n Shake Co. late yesterday reported strong profit and big increases in customer traffic and same-store sales for its
fiscal third quarter, which ended July 1.
MoreHigh-ranking WellPoint exec stepping down
August 11, 2009
J.K. WallWellPoint Inc.'s internal audit and chief compliance officer - and highest-ranking black executive - will leave the company
later this month, according to a companywide e-mail sent out yesterday.
MoreNoble Roman's profit up, revenue down
August 11, 2009
IBJ StaffNoble Roman’s Inc. late yesterday reported a larger profit in the second quarter, primarily due to its continuing efforts
to cut expenses by replacing company-owned restaurants with franchises.
MoreCity-County Council OKs hotel tax hike
August 10, 2009
IBJ StaffThe City-County Council voted 15-14 last night to approve raising the local hotel tax from 9 percent to 10 percent in a move
intended to help the cash-strapped Indianapolis Capital Improvement Board close a $47 million operating deficit.
MoreCIB OKs budget, but awaits council vote
August 10, 2009
Scott OlsonMembers of the Indianapolis Capital Improvement Board this afternoon passed a $63 million budget for 2010 that hinges on the
City-County Council’s approval of a hike in the local hotel tax.
MoreSouthwest bids $170M for Frontier Airlines
August 10, 2009
IBJ Staff and Associated PressSouthwest Airlines Co. said today it's bidding $170 million to buy Frontier Airlines Holdings Inc. out of bankruptcy protection,
surpassing an earlier bid of $108.8 million by Indianapolis-based Republic Airways Holdings Inc.
MoreVeolia appeals regulators' rate-hike decision
August 10, 2009
Chris O'MalleyVeolia Water Indianapolis, which manages the city’s water utility, has appealed an order issued by state utility regulators
that limited a major rate increase sought by the city.
MoreRepublic, Southwest duel for Frontier
August 10, 2009
IBJ Staff and Associated PressRepublic Airways Holdings Inc. is nearing judgment day in its battle with Southwest Airlines Co. for ownership of Frontier
Airlines Holdings Inc.
MoreOrr fellows finding opportunity in male-dominated tech industry
August 10, 2009
Jo Ellen Meyers SharpMany young women who have participated in the Governor Bob Orr Indiana Entrepreneurial Fellowship program have landed at high-flying
local technology firms.
MoreEmerging life sciences companies grabbing more in government grants
August 10, 2009
Chris O'MalleyMore emerging life science companies have found life in the form of federal
Small Business Innovation Research grants.
MoreNew Junior Achievement chief hopes to reach more kids
August 10, 2009
Kathleen McLaughlinThe new CEO of Junior Achievement of Central Indiana, Jennifer Burk, said she has ideas for reinvigorating the base of corporate
supporters and reaching more students with entrepreneurship programs.
MoreLilly reorganizes venture capital unit
August 10, 2009
Peter SchnitzlerEli Lilly and Co. has reorganized its venture capital division and simultaneously poured in an additional $25 million.More
For Zotec CEO, health care reform cuts both ways
August 10, 2009
J.K. WallIn the eyes of Scott Law, Congress is heading in exactly the wrong direction on health care reform.
But the CEO of Zotec Partners predicts a big bump in sales for his physician-billing management company if current reform proposals become law.
MoreBut the CEO of Zotec Partners predicts a big bump in sales for his physician-billing management company if current reform proposals become law.
Credit unions to pay hefty tab for bailouts
August 10, 2009
Peter SchnitzlerLocal credit unions largely avoided putting toxic assets on their own balance sheets. Even so, they’re going to have
to pay millions of dollars to clean up their industry’s books.
MoreUnited Way calling on well-heeled to dig deep
August 10, 2009
Kathleen McLaughlinAfter so many years of trying to tap every possible cubicle-dweller for donations, United Way of Central Indiana is putting
more effort into the richest veins in the workplace—the folks in corner offices.
MoreContractors, manufacturers hope clean-energy incentives, mandates lead to more business
August 10, 2009
Chris O'MalleyFederal stimulus funds and greenhouse-gas legislation have the potential to spark a green version of the Gold Rush. Many Indiana
firms are retooling to sell products or services that are or might soon be in demand.
MoreQuest Information goes after government contracts
August 10, 2009
Chris O'MalleyQuest Information Systems does the kind of contracting where any screw-ups—even those not necessarily of its own
doing—can bring an unflattering public spotlight. The Indianapolis custom software developer works for politicians
and bureaucrats, a group many businesses seek to avoid.
MoreIndianapolis Motor Speedway CEO takes over at difficult time
August 10, 2009
Anthony SchoettleNew Indianapolis Motor Speedway CEO Jeff Belskus has long been a behind-the-scenes figure at IMS. As the new leader of the
Brickyard and the Indy Racing League, he faces several challenging issues, including gaining the confidence of the racing
community.
MoreCorn dogs, elephant ears and spas ... at the fair
August 7, 2009
Kim PuckettThe Indiana State Fair brings to mind images of deep fried foods and carnival rides, but fair-goers sometimes
buy big ticket items—like hot tub spas.
MoreHill-Rom profit drops, beat expectations
August 7, 2009
Hill-Rom Holdings Inc. topped analysts' expectations in its fiscal third
quarter even as hospital-spending cuts clipped its revenue by 9 percent, the company announced late yesterday.
MoreBrightpoint profit slips, but beats expectations
August 6, 2009
Scott OlsonWireless device distributor Brightpoint Inc. said yesterday that profit and revenue fell in the second quarter because it
sold fewer of the devices, and at lower prices.
MoreAccuride warns of bankruptcy, reports loss
August 6, 2009
Scott OlsonEvansville-based truck parts maker Accuride Corp., one of the state's largest companies, warned
today in its quarterly financial report that the company might seek bankruptcy protection if lenders refuse to restructure
its debt.
MoreFirst Merchants posts larger loss on fraud charge
August 6, 2009
Scott OlsonMuncie-based First Merchants Corp. disclosed this week that the bank lost $31.2 million in the
second quarter, including $10.2 million it blamed on fraudulent financial statements provided by a large commercial borrower.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.