News & Analysis

Tech firm to hire about 125 in Carmel

October 28, 2010
Interactions Corp., a technology firm based in Boston, plans to hire about 125 workers at its technology center in Carmel over the next few months, the company announced Thursday morning.
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Duke Realty improves third-quarter performance

October 28, 2010
 IBJ Staff
Duke Realty Corp. had its best leasing quarter in three years and boosted overall occupancy to nearly 90 percent, helping the company post a profit for the fiscal period ended Sept. 30.
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Dow Agro sales climb, but profit suffers

October 28, 2010
 IBJ Staff and Bloomberg News
Indianapolis-based Dow AgroSciences improved revenue during the third quarter thanks to a 26-percent increase in volume, but it still recorded a loss for the period.
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U.S. attorneys, FBI to watch for voter fraud, abuses

October 28, 2010
Associated Press
The FBI also will have special agents available to receive allegations of election fraud or discrimination.
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Secretary of state files complaint against teachers' fund broker

October 27, 2010
Kathleen McLaughlin
David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, is facing an administrative complaint from the Indiana Securities Division, which alleges 13 violations for unethical, dishonest and deceptive practices.
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NCAA athletes improve overall graduation rates

October 27, 2010
Associated Press
The annual Graduation Success Rate shows 79 percent of all athletes entering college between 2000-01 and 2003-04 earned degrees within six years.
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Hendricks County launches tourism campaign

October 27, 2010
Andrea Muirragui Davis
Six months into a $750,000 plan to increase Hendricks County’s profile as a tourist destination, officials say group travel has doubled and hotel occupancy is up almost 3 percentage points—before an end-of-the-year push to get travelers to “Spend the Holidays in Hendricks County.”
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LEADING QUESTIONS: Home-health guru banks on empathy

October 27, 2010
Mason King
Roberts_WatchVideoJan Roberts pairs numbers and nurturing—further fueled by a fight with breast cancer —to power the city's fifth largest woman-owned business.
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Former iSalus CEO sues tech firm for breach of contract

October 27, 2010
Andrea Muirragui Davis
Mark A. Day is suing Indianapolis-based technology firm iSalus Healthcare, claiming he was dismissed without cause and is entitled to severance pay and benefits.
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Employee ire forces IU to pull wellness survey

October 27, 2010
J.K. Wall
Indiana University will no longer ask employees to fill out an online health risk assessment after more than 550 people—many anonymous—attached names to an online petition that said the plan would cause “widespread anger and disillusionment.”
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After disagreement, Lewis leaves WellPoint with $3.2M

October 27, 2010
J.K. Wall
Dijuana Lewis will get nearly $3.2 million on her way out the door at WellPoint Inc. after what sources described as a dispute with CEO Angela Braly over a change in duties.
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Orders for capital goods fall as business spending cools

October 27, 2010
Bloomberg News
The report raises the risk that business investment, which had been contributing to a rebound from the worst recession in generations, will decelerate in coming months, underscoring the Federal Reserve's concern that growth is too slow.
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Celadon's quarterly profit, revenue improve

October 26, 2010
 IBJ Staff
The Indianapolis-based trucking company reported revenue of $140.3 million for the fiscal first quarter and profit of $4.4 million.
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New estimate drops health plan's cost to Indiana

October 26, 2010
Associated Press
A new estimate has lowered the expected cost of the federal health care overhaul to Indiana's state government to perhaps $2.6 billion over the next decade.
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Cummins expanding in Columbus, plans 350 jobs

October 26, 2010
 IBJ Staff
Cummins Inc. announced Tuesday that it will expand its headquarters in Columbus, adding at least 350 professional employees during the next 18 months to support global operations.
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UPDATE: New product, services drive ExactTarget growth plans

October 26, 2010
Kathleen McLaughlin
A new product roll-out and increasing demand for client services will drive ExactTarget's growth over the next five years, CEO Scott Dorsey said Tuesday after his firm announced that it would invest $45M and add 500 employees through 2015.
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Rushville broadband firm sued by companies it acquired

October 26, 2010
Scott Olson
Omnicity Corp. is named in three lawsuits brought by owners of companies the firm bought who say they've not been paid the entire purchase price. All told, they claim they're owed more than $1.2 million.
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Owner of city apartment complex files Chapter 11

October 26, 2010
Kathleen McLaughlin
The owner of a 518-unit apartment complex on the northwest side of Indianapolis is seeking Chapter 11 bankruptcy protection as it disputes the amount of its mortgage debt with its lender.
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U.S. attorney to ask for review of IURC ethics dispute

October 26, 2010
Associated Press
U.S. Attorney Joe Hogsett says he'll ask "the appropriate federal agency" to review an ethics dispute that has embroiled the Indiana Utility Regulatory Commission and Duke Energy Corp.
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Cummins shares fall after quarterly report

October 26, 2010
 IBJ Staff and Associated Press
Cummins Inc. reported $283 million in third quarter profit, a three-fold increase from the year-ago period, but the performance missed analyst expectations.
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Kokomo approves tax breaks for Delphi division

October 26, 2010
 IBJ Staff
Delphi Electronics & Safety is moving ahead with a $28 million investment in its Kokomo operations, city officials said this week.
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Greenfield apartment market heats up with sales, development activity

October 26, 2010
Tom Harton
The Hancock County community is drawing interest because of recent hiring in the area and a strong population of seniors.
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American Commercial Lines sued over $777M buyout bid

October 26, 2010
Bloomberg News
Officials of Jeffersonville-based American Commercial and private-equity firm Platinum Equity LLC structured the $33-a-share offer in a way that unfairly bars other bids for the shipping company, American Commercial shareholder Leonard Becker said in his lawsuit.
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City-County Council approves 2011 budget

October 25, 2010
 IBJ Staff
The CIB's $73.1 million budget, which included a $10 million payment to the Pacers for the operation of Conseco Fieldhouse, passed by a 15-14 vote.
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NCAA tackles agents issue, looks to new sanctions

October 25, 2010
Associated Press
Several groups are working with the NCAA to find new ways to enforce rules prohibiting improper agent-related benefits for student-athletes, including possible post-NCAA financial penalties that reach into a player's potential NFL career.
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  1. I am also a "vet" of several Cirque shows and this one left me flat. It didn't have the amount of acrobatic stunts as the others that I have seen. I am still glad that I went to it and look forward to the next one but I put Varekai as my least favorite.

  2. Looking at the two companies - in spite of their relative size to one another -- Ricker's image is (by all accounts) pretty solid and reputable. Their locations are clean, employees are friendly and the products they offer are reasonably priced. By contrast, BP locations are all over the place and their reputation is poor, especially when you consider this is the same "company" whose disastrous oil spill and their response was nothing short of irresponsible should tell you a lot. The fact you also have people who are experienced in franchising saying their system/strategy is flawed is a good indication that another "spill" has occurred and it's the AM-PM/Ricker's customers/company that are having to deal with it.

  3. Daniel Lilly - Glad to hear about your points and miles. Enjoy Wisconsin and Illinois. You don't care one whit about financial discipline, which is why you will blast the "GOP". Classic liberalism.

  4. Isn't the real reason the terrain? The planners under-estimated the undulating terrain, sink holes, karst features, etc. This portion of the route was flawed from the beginning.

  5. You thought no Indy was bad, how's no fans working out for you? THe IRl No direct competition and still no fans. Hey George Family, spend another billion dollars, that will fix it.

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