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News & Analysis
Penrod Society sues ex-treasurer for $380,000
August 3, 2009
Kathleen McLaughlinThe Penrod Society has filed a lawsuit against former treasurer Brandon Benker, seeking to recover
more than $380,000 it alleges he embezzled last year.
MoreMarsh promotion cancellation sparks anger
August 3, 2009
Scott OlsonMarsh Supermarkets' decision to stop honoring a $10 online coupon just days after introducing
the promotion has angered hundreds of followers of the grocer's Facebook page.
MoreSenior Open draws 146,915 to Carmel
August 3, 2009
The U.S. Senior Open Championship, which wrapped up yesterday, drew a total of 146,915 spectators
to Carmel's Crooked Stick Golf Club for three days of practice and four days of tournament play.
MorePlans emerge for Winona Hospital redevelopment
August 3, 2009
Cory SchoutenThe Children’s Museum of Indianapolis wants the city to tear down the old Winona Memorial Hospital so it can build a
community park and outdoor learning center. A private firm that specializes in environmentally
impaired properties wants to turn the building into senior apartments.
MoreA new centerpiece for city's convention strategy: medical, science groups
August 3, 2009
Anthony SchoettleThe Indianapolis Convention and Visitors Association is putting together an all-star corporate consortium to make the city
a hub for medical and life sciences conventions, meetings and trade shows. The ICVA began running the initiative
full-speed this year and already has signed deals to bring 40 medical meetings to Indianapolis through 2015, including annual
meetings for the American Association of Diabetes Educators in 2012 and the American College of Sports Medicine and American
Chemical Society in 2013.
MoreLawmakers cut state tourism office's budget in half
August 3, 2009
Scott OlsonDestinations throughout Indiana no longer can count on a state marketing campaign to help drive summer crowds. Lawmakers who
passed a budget during the special session at the end of June sliced the state’s annual contribution
to the Indiana Office of Tourism Management in half—from $4.8 million to $2.4 million.
MoreSmall town, budget hotels hold own in difficult economy
August 3, 2009
Anthony SchoettleWhile the local hotel industry is being rocked by the current economy, budget hotels and those in the small towns surrounding
Indianapolis are actually seeing gains. Properties affected by the Indianapolis 500, Brickyard 400 and Big Ten Tournament
are among the losers.
MoreHarbour Trees Golf Club sells hole sponsorships to raise cash
August 3, 2009
Anthony SchoettleAt a time when most central Indiana golf courses are hurting for income, Harbour Trees Golf Club is getting a windfall
from a unique revenue source.
MoreLilly software spinoff Maaguzi sells for $11 million
August 3, 2009
Chris O'MalleyInvestors in a company built around clinical research software bought from Eli Lilly and Co. have found their exit, though
it’s far from the lucrative payoff they’d once imagined.
MoreDow Chemical seems poised to keep AgroSciences
August 3, 2009
Peter SchnitzlerMidland, Mich.-based Dow Chemical Co. is still considering divesting Indianapolis subsidiary Dow AgroSciences LLC. But
chances that the chemical manufacturing giant will sell its local agricultural chemical and biotech unit appear to have decreased.
MoreArcadia hopes health care reform means more revenue
August 3, 2009
J.K. WallThe CEO of Indianapolis-based Arcadia Resources said the environment is perfect for his company's fast-growing DailyMed
service.
MoreDownturn provides opportunity for restaurants hungry for expansion
August 3, 2009
Cory SchoutenThe economic slump is giving independent local restaurants a shot at prime locations that in good times would be snapped up
by chains.
MoreToll-road lease tumbles in value
August 3, 2009
Peter SchnitzlerGov. Mitch Daniels expected his unprecedented $3.8 billion Indiana Toll Road lease to last 75 years. It may be tested after
just three.
MoreArts festivals feel financial pinch
August 3, 2009
Kathleen McLaughlinArt-show organizers are getting creative to keep their events alive as they struggle to attract sponsors and participating
artists.
MoreRepublic Airways closes purchase of Midwest
August 2, 2009
Republic Airways Holdings says it has completed its acquisition of privately held Midwest Airlines
for $31 million in cash and debt.
MoreISO struck tentative Venzago deal before ouster
July 31, 2009
Scott OlsonThe Indianapolis Symphony Orchestra and Music Director Mario Venzago had reached an agreement in principle on a new contract
before the deal recently unraveled, an official with the musicians' union said this morning.
MoreDuke Realty suffers second-quarter loss
July 31, 2009
IBJ StaffIndianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations,
a key performance measure for real estate investment trusts.
MoreUPDATE: Symphony seeks maestro with local presence
July 30, 2009
Kathleen McLaughlinThe Indianapolis Symphony Orchestra is looking for a new maestro, and
CEO Simon Crookall said he wants Mario Venzago's replacement to have more of a local presence.
MoreBREAKING: Venzago out as symphony maestro
July 30, 2009
Kathleen McLaughlinThe Indianapolis Symphony Orchestra is looking for a new maestro. CEO Simon Crookall announced to the symphony staff this
afternoon that Music Director Mario Venzago would
not return for the 2009-10 season.
MoreState unveils $31M tuition-funding program
July 30, 2009
J.K. WallGov. Mitch Daniels failed to get the legislature to bite on his plan to lease out the Hoosier
Lottery in order to pay for two-year college scholarships. So he's now he's using $31 million in federal stimulus funds
to create a similar program for about 9,000 Hoosiers.
MoreDow Agro sale still possible, but less likely
July 30, 2009
Peter SchnitzlerMidland, Mich.-based Dow Chemical Co. is still considering divesting Indianapolis subsidiary Dow AgroSciences LLC. But chances
that the chemical manufacturing giant will sell its local agricultural chemical and biotech unit have decreased.
MoreCummins' stock rises despite lower revenue, profit
July 30, 2009
Cummins Inc.'s stock jumped more than 6 percent in morning trading after its quarterly results
beat analyst estimates.
MoreMuncie manufacturer Duffy calling it quits
July 30, 2009
Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development
that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result
of the closure, Duffy said in its July 27 filing.
MoreInvestments propel Baldwin & Lyons profit
July 30, 2009
Baldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company
history, as investment gains from recovering equity markets helped boost performance.
MoreCemetery owner to plead guilty to theft, fraud
July 30, 2009
Scott OlsonA cemetery owner set to go on trial Monday has agreed to plead guilty to theft and securities fraud.
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.