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News & Analysis
London hedge fund sues Brightpoint over failed acquisition
September 30, 2009
Peter SchnitzlerA London-based hedge fund has sued Brightpoint Inc. over a $10 million loan it alleges the Indianapolis-based cell phone distributor
fraudulently brokered in anticipation of an acquisition in France that never materialized.
MoreDow Agro to become Purdue research tenant
September 30, 2009
Officials of Purdue University and Dow AgroSciences unveiled a collaboration Wednesday in which the Indianapolis-based company
will become one of the largest tenants at the Purdue Research Park in West Lafayette.
MorePurdue student-inventor nabs VC on TV show
September 30, 2009
IBJ StaffA Purdue University student who invented a soy-based modeling dough walked away with a $300,000 investment after appearing
Tuesday on the ABC show "Shark Tank."
MoreIndiana hospitals settle Medicare lawsuit
September 30, 2009
IBJ StaffSix hospital systems, including three in Indiana, have agreed to pay the federal government $8.3 million to settle a whistleblower
lawsuit alleging the hospitals deliberately overcharged Medicare for routine back surgeries.
MoreIndiana mine operations to close, costing 80 jobs
September 29, 2009
IBJ StaffPeabody Indiana Services LLC notified the Indiana Department of Workforce Development on Monday that it will close its surface
mine operations at Francisco in southwestern Indiana, putting about 80 employees out of work.
MoreToll road operator among water-utility suitors
September 29, 2009
Chris O'MalleyAmong 23 firms that have expressed interest in operating Indianapolis’ water and sewer systems is Macquarie, the Australian
firm that operates the Indiana Toll Road under a 75-year, $3.8 billion lease. In July, the city asked companies to express
interest in operating the systems.
MoreSpurned Sponsel creates own CPA firm
September 29, 2009
Scott OlsonA longtime partner of Indianapolis-based Greenwalt Sponsel & Co. Inc. has left the accounting firm and started his own after
he said it became apparent he would not become managing partner.
MoreGeorges put north-side estate up for sale
September 28, 2009
IBJ StaffTony George and his wife, Laura, have put up for sale their 12-acre, wooded estate at 8030 Spring Mill Road on the north side
of Indianapolis.
MoreCarmel officials confirm Feinstein appointment
September 28, 2009
Kathleen McLaughlinSinger Michael Feinstein will make as much as $400,000 in a single year to serve as artistic director of the Regional Performing
Arts Center that’s still under construction in Carmel, officials confirmed this morning.
MoreHat World acquires Minnesota sporting goods dealer
September 28, 2009
Indianapolis-based Hat World Inc. said Monday that its Impact Sports division has acquired Great Plains Sports in St. Paul,
Minn.
MoreEmmis executive high on company's outlook, despite NASDAQ threat
September 28, 2009
Scott OlsonAn executive of Emmis Communications Corp. is optimistic the company's performance will improve enough to boost its stock
price above $1, eliminating the threat of being delisted by NASDAQ.
MoreLocal Better Business Bureau names new leader
September 28, 2009
William J. Thomas has been named president of the Better Business Bureau of Central Indiana, the organization announced Monday.
MoreRenewable-energy firm eyeing Tipton County plant
September 28, 2009
A renewable-energy firm is considering manufacturing solar panels in an empty Tipton County plant where transmissions were
to be built for Chrysler automobiles, according to the Kokomo Tribune.
MoreCarmel company plans to expand, add employees
September 28, 2009
Dealer Services Corp. announced Monday morning that it plans to create up to 60 jobs by the end of 2012 and invest $6.4 million
in its Carmel headquarters.
MoreWidow likely biggest beneficiary of Simon's estate
September 26, 2009
Peter SchnitzlerBren Simon likely will inherit at least one-third of her billionaire husband’s fortune and potentially much more,
wealth managers speculate, based on the legal and tax issues involved in such a large estate.
MoreBartering booms during recession
September 26, 2009
Peter SchnitzlerIn a recession, cash is a commodity few small businesses can spare. That’s why more businesses are trading goods and
services without exchanging cash.
MoreA battered stock market is no reason to stop investing for a college education
September 26, 2009
Scott OlsonIt's no time to be cautious about investing for a college education. Rather, the drop in the stock market presents an ideal
time to be aggressive.
MoreNew Indiana law requires schools to teach financial acumen
September 26, 2009
Peter SchnitzlerIndiana Superintendent of Public Instruction Tony Bennett plans to meet a state mandate to offer financial instruction by
incorporating the topic in the classroom via real-world example.
MoreHospitals, doctors finally integrating patient care
September 26, 2009
J.K. WallThe stitching together of doctors and hospitals—two groups that historically have kept each other at arm’s length—is
a trend picking up speed locally and nationally and could accelerate even further if Congress passes health care reform.
MorePennsylvania city not giving up Harley without a fight
September 26, 2009
Kathleen McLaughlinThe motorcycle manufacturer is considering a Shelby County site at the same time that it's pushing for concessions from the
union in York, Pa.
MoreRegion below average on Obama's health care cost measure
September 26, 2009
J.K. WallThe tool the administration is using to measure waste shows that expenses in Indianapolis might be low enough
not to get whacked. But the region isn’t performing so well that it’s likely to get much praise, either.
MoreEntrepreneur hopes real estate venture will rebuild neighborhoods, fund charities
September 26, 2009
Kathleen McLaughlinDavid Sexauer has $250,000 and a list of about 120 properties he’d like to acquire from the city of Indianapolis.
MoreWater utility wants millions for treatment-plant upgrade, dam repair
September 26, 2009
Chris O'MalleyAlready swamped with higher debt costs due to a bond refinancing fiasco, the city’s Department of Waterworks is asking
the Indiana Utility Regulatory Commission to OK a rate hike to pay for capital projects.
MoreInfluential team owner thinks hot rod group should move HQ from California to Brownsburg
September 26, 2009
Anthony SchoettleA meeting between high-level National Hot Rod Association executives—including NHRA President Tom Compton—and
Gov. Mitch Daniels and members of the Indiana Economic Development Corp. has fueled speculation that the drag racing group
might be looking to significantly expand its presence here.
MoreFred Glass takes center stage in IU football's ad campaign
September 26, 2009
Anthony SchoettleAthletics Director Fred Glass isn’t just calling an audible, he’s changing the advertising
playbook in Bloomington. Glass, along with his new senior assistant athletics director for marketing, Patrick
Kraft, are upping the ante this football season, with a 67-percent boost in television advertising and 20-percent boost in
the total media buy.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!