News & Analysis

Rolls-Royce lands $20M maintenance contract

November 23, 2010
 IBJ Staff
Rolls-Royce Corp.'s local operation won a $20.3 million contract extension to provide maintenance services for the helicopter engines it makes for the U.S. military, the Department of Defense said Monday.
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Health insurance stocks rise after spending rules outlined

November 22, 2010
Bloomberg News
U.S. health insurers, including WellPoint Inc., can include the cost of federal taxes in determining whether they spend enough on patient care, the U.S. Health and Human Services Department said Tuesday.
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Start of downtown North of South project in flux

November 22, 2010
Scott Olson
The developer of the $150 million mixed-use project in downtown Indianapolis had hoped to start construction by the end of the year. But delays in getting the project zoned properly likely will move the start date back.
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Phase 10 inventor folds in dispute over top-selling card game

November 22, 2010
Cory Schouten
The inventor of the world's second-best-selling card game has settled a lawsuit with Fundex Games, the Plainfield company that markets and distributes Phase 10.
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Hamilton County foundation president leaving

November 22, 2010
Kathleen McLaughlin
Legacy Fund President Brad Little is stepping down to take a similar job in Iowa. In three years, the foundation serving Hamilton County has grown from $25 million to $40 million in assets.
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St. Francis hospitals getting Franciscan Alliance name

November 22, 2010
J.K. Wall
The Mishawaka-based health system's move comes after months of consumer research—and six months after rival system Clarian Health said it would change its name to Indiana University Health.
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Truck manufacturing might ramp up 56 percent in 2011

November 21, 2010
Bloomberg News
An expected push to refresh the oldest North American commercial trucking fleet in at least 31 years should boost sales at partsmakers like Columbus-based Cummins Inc.
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Gold is booming, but for how long?Restricted Content

November 20, 2010
Marc D. Allan
Experts are split over whether runup in precious metal is a classic bubble.
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Indianapolis investment adviser Gene Tanner in it for the long haulRestricted Content

November 20, 2010
Norm Heikens
At 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how his investment strategy has changed.
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Carp czar has huge task of fighting invasive fishRestricted Content

November 20, 2010
Marc D. Allan
John Goss, a Hoosier who helped create the Great Lakes Compact to conserve water, is coordinating federal, state attack.
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Ethanol's future clouded by potential loss of tax breaks

November 20, 2010
Chris O'Malley
The fortunes of Indiana’s 12 ethanol plants, and the farmers and truckers who supply the corn to make the motor fuel additive, hinge on two decisions facing Congress and federal regulators in the weeks ahead.
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Allison Transmission, key supplier continue court battleRestricted Content

November 20, 2010
Kathleen McLaughlin
The dispute reached a boiling point early this year when the supplier, Allison’s sole supplier of bonded piston seals, threatened to stop shipping.
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Election gives GOP upper hand in dealing with unionsRestricted Content

November 20, 2010
Francesca Jarosz
The goals of Gov. Mitch Daniels and his fellow Republicans could chisel away further at the clout that has dwindled among the state’s labor unions.
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Controversy engulfs Devington community groupRestricted Content

November 20, 2010
Kathleen McLaughlin
Devington Community Development Corp. tried to tackle a host of neighborhood ills before closing its doors this month. But the agency also was embroiled in disputes with a local minister and its landlord.
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Company thinks it can make college textbooks obsolete

November 20, 2010
J.K. Wall
An Indianapolis company has developed Web-based software that allows college students to read and electronically mark up textbooks, articles, chapters of books, etc. It also has a business model that its owners think will make more money for publishers and slash students’ textbook costs—which average $1,200 a year—in half.
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Federal Home Loan Bank suing major playersRestricted Content

November 20, 2010
Cory Schouten
The Federal Home Loan Bank of Indianapolis has filed suit against some of the nation’s largest financial institutions, including Bank of America, Wells Fargo and J.P. Morgan Chase, to recover losses on a $3 billion portfolio of mortgage-backed securities.
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Diversity key to west-side revitalization plan

November 20, 2010
Francesca Jarosz
Over the last few months, a wave of events has given momentum to grass-roots efforts to revive the West 38th Street corridor and its broader neighborhood, which includes Lafayette Square Mall.
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Turkey Hill chain targets Indianapolis

November 20, 2010
Cory Schouten
A convenience-store chain called Turkey Hill Minit Markets is expanding into central Indiana. The chain opened its first Indianapolis store in October and plans to add at least five more by the end of 2011.
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Running store chain changes name, opens new shopRestricted Content

November 20, 2010
Anthony Schoettle
The Running Co., now BlueMile, expands into Louisville, looks to add more stores in and outside Indiana
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Man gets 40-year sentence for lawmaker attack

November 19, 2010
 IBJ Staff and Associated Press
A man found guilty but mentally ill for an attack on Indiana state Rep. Ed. DeLaney was sentenced to 40 years in prison Thursday.
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Study: Rich still giving to charity, but in smaller amounts

November 19, 2010
Scott Olson
Study conducted by the Center on Philanthropy at Indiana University shows 98 percent of high net-worth households donated to charity in 2009, but the overall amount fell nearly 35 percent from 2007.
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INSIDE DISH: Santorini to return in short order

November 19, 2010
Mason King
Santorini Fire watch videoOwner Taki Sawi received a crash course in getting a restaurant back on its feet after a catastrophic fire on Oct. 11. The Greek eatery is slated to reopen in mid-December.
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Indianapolis air traffic rises

November 19, 2010
Double-digit growth by low-cost carriers helped overall boardings at Indianapolis International Airport increase in October.
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Governors see GOP’s Midwest gains as path to presidency

November 19, 2010
Bloomberg News
Republican governors meeting in San Diego said Thursday their statehouse victories in the Midwest leave the party well positioned for 2012 in the battlefield that often determines the presidency.
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USDA investigating cattle brokerage for bad checks

November 18, 2010
Associated Press
Indiana-based Eastern Livestock Co. may owe more than 700 ranchers across the Midwest, South and West a total of $130 million.
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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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