News & Analysis

UPDATE: Regional bank shares rally on M&I Bank deal

December 17, 2010
Cory Schouten
Shares in regional banks are rallying after Canada's BMO Financial Group agreed to acquire Marshall & Ilsley Corp. in an all-stock deal.
More

INSIDE DISH: Saffron Cafe surges in second year

December 17, 2010
Mason King
Dish Saffron Watch VideoAfter a $150,000 startup and skin-of-their-teeth opening in 2009, sales at downtown's Moroccan eatery have spiked as word has spread.
More

State unemployment rate dips to 9.8 percent

December 17, 2010
 IBJ Staff
Indiana's jobless rate dropped for the second month in a row and has decreased four-tenths of a point since hitting 10.2 percent this summer.
More

Canadian bank to acquire Marshall & Ilsley for $4.1B

December 17, 2010
 IBJ Staff and Bloomberg News
M&I has about 30 branches in the Indianapolis area and controls about 6 percent of the market's bank deposits, according to the Federal Deposit Insurance Corp. The bank is ranked sixth among area banks in terms of employment, with about 400 workers.
More

Rolls-Royce scores more military business

December 17, 2010
 IBJ Staff
Rolls-Royce Corp. landed more than $100 million in new business this week, winning two contracts to provide support for aircraft engines it makes in Indianapolis for the U.S. Army and Navy.
More

State reaches deal on coal-gasification plant

December 16, 2010
Associated Press
The state's finance authority said Thursday that it reached a 30-year deal to buy synthetic natural gas from a coal-gasification plant planned for southern Indiana, marking the first time the state has entered into such a venture.
More

Toxic chemical releases decrease 18 percent in Indiana

December 16, 2010
Associated Press
The 2009 Toxics Release Inventory released Thursday shows releases of toxic chemicals to the environment by companies in Indiana decreased by 20.6 million pounds, or 18 percent.
More

FBI investigating Durham firms for phone cramming

December 16, 2010
Cory Schouten
The FBI is asking land-line phone customers across the country to check their bills for phantom charges from more than 20 companies controlled by or connected to embattled financier Tim Durham.
More

Daniels says he'd sign statewide smoking ban

December 16, 2010
Associated Press
Gov. Mitch Daniels said towns and cities have shown it's possible to enact smoking bans with significant benefits and minimal cost.
More

Ganassi locating two new race teams in Brownsburg

December 16, 2010
Izod IndyCar Series team owner will invest $3.3 million and create up to 30 jobs. Ganassi plans to begin hiring employees immediately to prepare for the start of the 2011 season.
More

State pushing to keep building-review wait times down

December 16, 2010
Francesca Jarosz
Wait times in the plan-review process for non-residential projects increased dramatically this year, creating a backlog of cases.
More

North of South project clears rezoning hurdle

December 16, 2010
Scott Olson
The Metropolitan Development Commission agreed to rezone 14 acres of land, which houses a parking lot north of South Street between Delaware Street and Virginia Avenue downtown, to accommodate the $155 million mixed-use project.
More

U.S. home construction up after two months of declines

December 16, 2010
 IBJ Staff and Associated Press
Locally, building permits were up 17 percent in the nine-county area, from 222 in November 2009 to 259 in November 2010.
More

Judge removes Bren Simon as trustee over late husband's estate

December 16, 2010
Cory Schouten
A series of questionable decisions by Bren Simon in recent months appear to have paved the way for a Hamilton County judge’s order this week removing Bren as interim trustee over Simon Property Group co-founder Melvin Simon’s estate.
More

First vehicles roll out of Indiana electric-car plant

December 16, 2010
Associated Press
Fifteen cars rolled out of Think North America's Elkhart plant on Wednesday, bound for Indianapolis. The cars will be used primarily by the state Department of Natural Resources.
More

Daniels endorses findings of criminal code review

December 15, 2010
Associated Press
Sweeping changes proposed for Indiana's criminal sentencing system won the endorsement Wednesday of Gov. Mitch Daniels, who said that if lawmakers enact the changes they would hold down the state's ballooning prison population and save taxpayer money.
More

Indiana may cut Medicaid services to check costs

December 15, 2010
Associated Press
The state Medicaid actuary projected Indiana's share of the program's costs will rise by about $1.46 billion this fiscal year, by about $1.84 billion in the 2012 fiscal year and by about $2 billion in the 2013 fiscal year unless some services are cut.
More

Indiana GOP chairman stepping down after 5 years

December 15, 2010
Associated Press
Indiana Republican Party Chairman Murray Clark announced his decision Wednesday, saying it was time to turn over the party leadership.
More

Indiana lawmakers plan to float corporate tax cuts

December 15, 2010
Francesca Jarosz
State lawmakers plan to propose reducing Indiana’s corporate income tax rate next year in a move they say will make the state a more appealing place for businesses to locate.
More

UPDATE: United Kingdom mall owner rejects Simon bid

December 15, 2010
Bloomberg News
Capital Shopping Centres Group Plc, the United Kingdom's biggest shopping mall owner, turned down Simon Property Group Inc.'s $4.6 billion bid, describing it as "inadequate."
More

Houston-based company purchasing Gold Club

December 15, 2010
The deal, expected to close by the end of the year, is valued at $1.6 million, including real estate. It will be Rick's Cabaret International Inc.'s first location in Indianapolis.
More

Abound Solar completes financing for Tipton plant

December 15, 2010
 IBJ Staff and Bloomberg News
Company closes on a $400 million federal loan to help it take over the empty Getrag plant on U.S. 31 near Kokomo, where it wants to hire as many as 1,000 workers. The plant was acquired for $25 million.
More

Health insurance investors unfazed by court ruling

December 15, 2010
J.K. Wall
This week’s ruling by a federal judge could force Congress to rework the new health law to avoid a health insurance market collapse. But the decision had little to no effect on investor sentiment toward WellPoint Inc. and its peers.
More

Biomet owners look to arrange $11B marriage

December 15, 2010
J.K. Wall
Warsaw-based Biomet Inc. could get a whole lot bigger if rumors prove true that its owners have made a bid for U.K.-based rival Smith & Nephew plc.
More

Simon bids $4.6B for U.K.'s Capital Shopping

December 15, 2010
Bloomberg News
Indianapolis-based Simon Property Group Inc., the largest U.S. mall owner, made an offer for Capital Shopping Centres Group Plc that values the U.K. company at $4.6 billion.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I took Bruce's comments to highlight a glaring issue when it comes to a state's image, and therefore its overall branding. An example is Michigan vs. Indiana. Michigan has done an excellent job of following through on its branding strategy around "Pure Michigan", even down to the detail of the rest stops. Since a state's branding is often targeted to visitors, it makes sense that rest stops, being that point of first impression, should be significant. It is clear that Indiana doesn't care as much about the impression it gives visitors even though our branding as the Crossroads of America does place importance on travel. Bruce's point is quite logical and accurate.

  2. I appreciated the article. I guess I have become so accustomed to making my "pit stops" at places where I can ALSO get gasoline and something hot to eat, that I hardly even notice public rest stops anymore. That said, I do concur with the rationale that our rest stops (if we are to have them at all) can and should be both fiscally-responsible AND designed to make a positive impression about our state.

  3. I don't know about the rest of you but I only stop at these places for one reason, and it's not to picnic. I move trucks for dealers and have been to rest areas in most all 48 lower states. Some of ours need upgrading no doubt. Many states rest areas are much worse than ours. In the rest area on I-70 just past Richmond truckers have to hike about a quarter of a mile. When I stop I;m generally in a bit of a hurry. Convenience,not beauty, is a primary concern.

  4. Community Hospital is the only system to not have layoffs? That is not true. Because I was one of the people who was laid off from East. And all of the LPN's have been laid off. Just because their layoffs were not announced or done all together does not mean people did not lose their jobs. They cherry-picked people from departments one by one. But you add them all up and it's several hundred. And East has had a dramatic drop I in patient beds from 800 to around 125. I know because I worked there for 30 years.

  5. I have obtained my 6 gallon badge for my donation of A Positive blood. I'm sorry to hear that my donation was nothing but a profit center for the Indiana Blood Center.

ADVERTISEMENT