News brief

2010 NEWSMAKER: Lubbers changes higher-ed funding

December 24, 2010
J.K. Wall
Higher education Commissioner Teresa Lubbers ushered in a new era in higher education financing this year. But she’ll need to persuade the General Assembly to stick with it in 2011.
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2010 NEWSMAKER: Butler's Stevens scored along with team

December 24, 2010
Anthony Schoettle
In April, Butler University men's basketball coach Brad Stevens coached the Bulldogs to the NCAA Final Four, where Butler lost to heavy favorite Duke University by two points in the championship game at Lucas Oil Stadium.
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2010 Holiday Wish List

December 18, 2010
 IBJ Staff
The following is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
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Penske signs Meijer to multiyear sponsorship dealRestricted Content

December 4, 2010
 IBJ Staff
The Meijer grocery store chain will join Penske as a sponsor of its three-car IndyCar Series program, beginning with the 2011 season.
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Indianapolis airport credit rating maintains altitudeRestricted Content

December 4, 2010
 IBJ Staff
Moody’s said the airport has a diversified mix of carriers and cargo operations, little competition from other airports, and a stable market area.
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Developer says Broad Ripple hotel will have 'green' elementsRestricted Content

December 4, 2010
 IBJ Staff
Developer Debra Stolen Hasbrook found the site at 6520 Westfield Boulevard while running on the Monon Trail.
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Think car sales benefit battery-maker EnerDelRestricted Content

December 4, 2010
 IBJ Staff
Indianapolis-based EnerDel is the main battery supplier for Think’s two-seat City.
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St. Francis Hospital project targets Greenwood's growth

December 4, 2010
 IBJ Staff
The $20 million facility would attempt to capture some of the 32-percent growth in population Greenwood experienced from 2000 to 2009.
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IU shrink explores mental health blood tests

October 13, 2010
J.K. Wall
Dr. Alexander B. Niculescu, a psychiatrist at the IU School of Medicine, has won a five-year, $1.5 million grant from the National Institutes of Health to hunt for the presence of certain proteins in the blood that would indicate that a patient suffers from a mood disorder, which afflicts one in five Americans.
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Funds available for legal research

October 9, 2010
The Indiana Humanities Council and the Indiana Supreme Court are collaborating on a new grant project to support research, documentation and educational projects related to Indiana’s legal history.
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Julian Center opens apartments for victims of domestic abuse

August 28, 2010
 IBJ Staff
34 North, an apartment complex for victims of domestic abuse, opened in August at 34th and Meridian streets.
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Grocers raise thousands for earthquake relief

April 10, 2010
 IBJ Staff
Marsh Supermarkets and its customers have contributed $100,000 to the American Red Cross Haiti Relief Fund. The Kroger Co.'s Central Division and students from Indianapolis Public School 46 raised more than $106,000, mostly from Kroger customers and employees.
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Brand Acceleration signs new client in North Carolina

February 13, 2010
ndianapolis-based Brand Acceleration Inc. recently signed a deal to be the public relations agency of record for Stanley County Economic Development Commission in North Carolina.
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These young achievers are going places

January 30, 2010
 IBJ Staff
From hundreds of candidates, IBJ has identified 40 budding superstars from the central Indiana business community. This year's Forty Under 40 class is a high-flying group of achievers with careers ranging from entrepreneur to corporate executive, attorney to not-for-profit leader, banker to Division I college basketball coach.
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Trade group TechPoint calls for Mira Awards nominations

January 30, 2010
 IBJ Staff
TechPoint is now accepting nominations for its 2010 Mira Awards.
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Forty Under 40: Recipients

January 30, 2010
Current and past recipients of IBJ's annual Forty Under 40 recognition.
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Children's Bureau consolidates

January 9, 2010
The Children's Bureau Inc. has moved into offices in the Gene Glick Family Support Center. The move represents the first time in 50 years that Children's Bureau administrators have worked in the same building that houses their programs for families and children in crisis.
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Volunteers sought to host dinners

January 2, 2010
Central Indiana residents are being invited to host informal dinners for small groups of foreign visitors.
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2009: Year in review

January 1, 2010
 IBJ Staff
Economists say the recession ended in 2009, but it sure didn’t feel like it. Unemployment is up and revenue is down. And yet there are some signs of hope on the horizon. Recap the highs and lows of 2009 on our special Year in Review page. Read the stories. Check out the pictures. Play the game. And get ready for 2010.
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Indiana e-waste collectors, recyclers face deadline

December 3, 2009
Associated Press
Collectors and recyclers of obsolete electronics have until Jan. 1 to enroll with the state's E-Waste Program.
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NatCity name to remain at local branches until early 2010

November 16, 2009
 IBJ Staff
Pittsburgh-based PNC Financial Services Group Inc. has converted 240 former National City Bank branches to their new identity, but the 77 Indianapolis-area locations will keep the old brand for a bit longer.
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Amazon.com offers holiday piece work

November 14, 2009
 IBJ Staff
Speedy gift wrappers who are willing to put in a few hours at Amazon.com’s Whitestown fulfillment center can earn a few bucks for Indiana charities.
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FinishMaster profit, sales decline as accident claims fall

November 5, 2009
 IBJ Staff
FinishMaster Inc. on Thursday afternoon reported a drop in third-quarter profit and revenue compared to the same period a year ago.
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Fort Wayne plant closing to leave 118 jobless

November 5, 2009
Marietta, Ga.-based Graphic Packaging International Inc. has notified the state that it will cut 118 jobs by closing its plant in Fort Wayne.
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Local tech duo connects to embed video product into e-mail marketing

October 31, 2009
 IBJ Staff
Cantaloupe.TV, known for its video marketing expertise, has been working closely with locally based ExactTarget, the well-known e-mail marketing firm, to give ExactTarget’s clients an easier way of embedding video into e-mails.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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