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News & Analysis
Leader of fraud scheme sentenced to 4-plus years
May 14, 2013
IBJ StaffMichael Russell, 54, pleaded guilty in January to 20 counts of wire fraud and money laundering in a scheme involving former
Indianapolis City-County Councilor Paul Bateman.
MoreConvenience stores sue to sell cold beer in Indiana
May 14, 2013
Mason KingAn industry trade group filed a lawsuit Tuesday morning contending that Indiana liquor law is unconstitutional and unfairly
benefits liquor stores.
MoreNancy Irsay puts party pavilion, home on market for $3.7M
May 14, 2013
Scott OlsonDozens of small charities have used the pavilion in south Carmel to host events, paying far below market rates.
MoreLechleiter's surgery to repair heart goes as planned
May 14, 2013
Bloomberg NewsEli Lilly and Co. CEO John Lechleiter underwent a scheduled surgery Monday for a heart defect, and the repair to the aorta
is functioning as intended, the Indianapolis-based drugmaker said.
MoreIndiana farmers catching up on some planting
May 14, 2013
Associated PressA weekly report says 30 percent of Indiana's corn crop was planted as of Sunday, up from 8 percent the week before, but still
off the 5-year average of 54 percent.
MoreThree WellPoint directors step down, cite personal reasons
May 13, 2013
Bloomberg NewsLenox Baker, Sheila Burke and Susan Bayh resigned from the board effective immediately, Indianapolis-based WellPoint said
Monday in a regulatory filing.
MoreBroad Ripple flooding in 2012 becoming costly for city
May 13, 2013
Associated PressThe city of Indianapolis faces possibly paying several hundred thousand dollars for a restaurant badly damaged by flooding
that swamped a neighborhood during a downpour a year ago.
MoreWRTV adds Avon native to its weather team
May 13, 2013
IBJ StaffWRTV Channel 6 has hired central Indiana native Kyle Mounce as its newest meteorologist, the Indianapolis TV station announced
Monday night.
MoreManufacturer planning expansion, 100 jobs in Boone County
May 13, 2013
IBJ StaffCNH Parts & Service, the product-support division of international manufacturing giant CNH Global NV, plans a $13.3 million
expansion in Lebanon.
MoreMichigan doctor named dean of IU School of Medicine
May 13, 2013
Associated PressDr. Jay Hess was picked to become the 10th dean in the school of medicine's 110-year history and the first dean in the past
five to come from outside IU.
MoreIndiana device makers absorbing Obamacare excise tax
May 13, 2013
J.K. WallThe state's medical-device companies are finding that they cannot pass on the new medical-device tax created by Obamacare
to their hospital customers, causing them to continue to make cuts and to look to foreign markets for more profitable growth.
MoreIndianapolis schools encounter more ISTEP glitches
May 13, 2013
Associated PressIndianapolis students trying to complete standardized tests that already have been delayed by technical issues have encountered
more problems.
MoreUPDATE: Brizzi lieutenant agrees to guilty plea in bribery case
May 13, 2013
Cory SchoutenDavid Wyser, the top deputy under former Marion County Prosecutor Carl Brizzi, was charged with bribery for his role in the
early release of a woman convicted in a murder-for-hire scheme.
MoreArea homes sell at faster clip
May 13, 2013
Purchase agreements for existing homes in the Indianapolis area increased 13.2 percent in April. Home sales have jumped in
each of the first four months of the year.
MoreNew north-side IndyGo route starts in June
May 13, 2013
Kathleen McLaughlinIndyGo will begin new crosstown service June 10 on 86th Street, the result of a $6 million budget increase that has funded
improvements throughout the bus system.
MoreStudy rebuts hospitals' argument on Medicare, rising costs
May 13, 2013
Rather than raising prices on private health insurers to make up for inadequate payments from the government, hospitals across
the country have been raising prices just because they can, according to a new study.
MoreFoes organizing against central Indiana wind farm plans
May 13, 2013
Associated PressA Chicago-based company is seeking permission from Delaware County officials to build about 30 turbines across 15,000 acres
of agricultural areas northeast of Muncie.
MoreFirst Merchants' deal to make it state's second-biggest bank
May 13, 2013
Greg AndrewsThe acquisition of CFS Bancorp Inc. will increase First Merchants' assets to $5.4 billion and leave it with nearly 100
offices.
MoreHigh court rules against Indiana farmer in patent case
May 13, 2013
Associated PressThe Supreme Court has sustained Monsanto Co.'s claim that an Indiana farmer violated the company's patents on soybean
seeds that are resistant to its weed-killer.
MoreBall State president among nation's highest paid
May 13, 2013
IBJ Staff and Associated PressBSU's Jo Ann Gora was the fifth-highest-paid public college president in the United States during the 2011-12 academic year,
according to a new survey released Monday.
MoreIndiana schools seeing more success with tax hikes
May 12, 2013
Associated PressIndiana school districts that won voters' approval last week for the majority of the tax increases they had sought to
boost school funding may be becoming more skilled at selling the public on the need for those tax hikes.
MorePence signs measure overhauling Marion County government
May 11, 2013
IBJ StaffIndiana Gov. Mike Pence on Saturday signed a bill into law that reshapes Marion County government through the elimination
of four at-large City-County Council seats and other changes.
More'Pause' on Common Core leaves teachers in limbo
May 11, 2013
Associated PressLawmakers voted last month to delay full implementation of the academic standards to allow time to study the potential costs
of implementing or abandoning the standards and hold public meetings.
MoreIndiana credit unions are booming again
May 11, 2013
Norm Heikens, Chris O'MalleyCredit unions last year posted record earnings, thanks largely to lower loan-loss reserves, as well as to growing memberships,
growing debit cards, selling off mortgages and stealing business loans away from banks, their arch rivals.
MoreFARRA: Don't expect big dividends from banks anytime soon
May 11, 2013
George Farra / Special to IBJBanks will not return to their status as reliable sources of shareholder dividends for three years or longer.
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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.