News & Analysis

Indiana couple accuses Bank of America of racketeering

October 20, 2010
Bloomberg News
Dwayne Ransom Davis and Melisa Davis accuse the lender of using “robo-signers,” people who sign affidavits attesting to facts underlying foreclosures without actual knowledge of those facts, to push through paperwork to take their home in Knightstown.
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FDA demands more tests on new Lilly diabetes drug

October 19, 2010
J.K. Wall
Eli Lilly and Co. will have to wait at least 18 months and conduct more studies before it wins market approval of a once-weekly version of diabetes drug Byetta, a potential billion-dollar drug.
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ISO chooses young maestro Urbanski as director

October 19, 2010
Kathleen McLaughlin
Krzysztof Urbanski, 28, has been named the seventh music director in the Indianapolis Symphony Orchestra's 80-year-history.
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3Mass resident sues developer over accessibility

October 19, 2010
Cory Schouten
A resident of the 3Mass condo development who uses an electric wheelchair is suing the developers for failing to provide handicap accessibility to a rooftop terrace.
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Consulate buys East Street space, leaving Union Station

October 19, 2010
Tom Harton
The Mexican Consulate has been a tenant at the city-owned Union Station since it opened an office here in November 2002. The new site will more than quadruple its space.
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Thinner margins squeeze Steel Dynamics profit

October 19, 2010
The Fort Wayne-based steelmaker reported profit of $19 million, or 9 cents per share, compared with $69 million, or 30 cents per share, in the same period last year.
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Indiana commerce agency, Purdue plan California office

October 19, 2010
Associated Press
Officials say the Silicon Valley office will focus on attracting California companies to move to Indiana and to sell venture capitalists on ideas and research generated by Purdue faculty and entrepreneurs.
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U.S. court voids NCAA ruling, seeks help on state law

October 18, 2010
Bloomberg News
A three-judge panel of the Chicago-based appeals court Monday reversed its own July ruling that said the NCAA must face a lawsuit by consumers claiming its ticket-distribution method violates Indiana law.
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IUPUI adjunct instructors call for more pay

October 18, 2010
J.K. Wall
Full-time professors support part-time instructors in their demands to share in Indiana University's 3-percent faculty raises.
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Demolition begins on vacant Speedway motel

October 18, 2010
Scott Olson
The former Budget Inn property near Interstate 465 on the west side of Speedway has been the site of 40 police runs over the past six months.
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GE to pump $161 million into Bloomington plant

October 18, 2010
General Electric announced Monday morning that it plans to invest $161 million at its Bloomington refrigerator plant, creating up to 200 jobs by 2014. The plant, which was once slated for closure, now has more than 500 employees.
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Lilly to close drug discovery center in Singapore

October 18, 2010
Bloomberg News
Indianapolis-based Eli Lilly and Co. will close its drug discovery center in Singapore, three years into a five-year, $150 million plan to expand it.
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Presidential hopefuls Daniels, Pence reflect two sides of GOP

October 18, 2010
Mary Dieter
If Gov. Mitch Daniels and U.S. Rep. Mike Pence become presidential candidates, through them Indiana will represent something of a microcosm of the national Republican Party and its philosophical wings.
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Fair Finance artwork fetches more than $400,000 at auction

October 17, 2010
Jim Mackinnon / Akron Beacon Journal
Saturday's art auction of work collected by Fair Finance co-owner Timothy Durham raised more than $400,000 — well above what the Akron company's bankruptcy trustee and even the auctioneer thought would be brought in.
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Zionsville galleries watching Carmel arts district

October 16, 2010
Kathleen McLaughlin
Zionsville gallery owners are stepping up their collective marketing efforts as Carmel’s Arts and Design District has landed a new wave of artists and gallery owners over the past five months.
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Indiana Live swamped by debt, faces potential default

October 16, 2010
Francesca Jarosz
Owners of the Indiana Live racetrack and casino face an interest payment on the lion’s share of their $544 million in debt next month, as credit analysts continue fretting about the company’s ability to pay its bills.
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Glicks changing charitable approach

October 16, 2010
Kathleen McLaughlin
After pledging $62 million for a series of high-profile capital projects in and around Indianapolis, Eugene and Marilyn Glick’s charitable foundations are changing directions, making programs and services their top priority.
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Hentschel ramrodding KeyBank development in IndianapolisRestricted Content

October 16, 2010
Scott Olson
Exec adds branches, deposits, after completing a stint at a human-resources firm.
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Banks tread water as they wait for economy to improve

October 16, 2010
Francesca Jarosz
Banking experts say the health of Indiana institutions is taking baby steps forward along with the tepid economic recovery. But in these times, recovery looks grimmer than one might expect.
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Suburban hotels take a beating as downtown recovers

October 16, 2010
Anthony Schoettle
As revenue per room falls, some hotels outside the center city are going on the auction block.
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Court revisits IURC ruling after agency lawyer jumps to utilityRestricted Content

October 16, 2010
Chris O'Malley
A Duke Energy case handled by an Indiana Utility Regulatory Commission lawyer—while he jockeyed for a job with the utility—is headed to the Indiana Court of Appeals.
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Audio recording history on display in dealer's HQ

October 16, 2010
Sam Brattain
Van Ausdall & Farrar got its start when innovator Thomas Edison selected it as an Ediphone distributor. Since then, the company has been proud of its association with the American icon, and now Van Ausdall has its own in-house Voice Museum to pay homage to its history.
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Indiana Pacers launch combine to scout for top salespeopleRestricted Content

October 16, 2010
Anthony Schoettle
Representatives of at least 17 professional sports franchises will be here looking for talent to add to their business teams.
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Entrepreneurs give sales pitches high-tech twist

October 16, 2010
Francesca Jarosz
The site allows users to create and save sales proposals online. Those sending the proposals then can track who is viewing the documents, which parts they’re examining and for how long.
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Daniels hoping GOP victory will pave way for education reformRestricted Content

October 16, 2010
J.K. Wall
Gov. Mitch Daniels and public schools chief Tony Bennett have major legislative changes they want to make to implement their education reform ideas—but to do it they need their Republican Party to regain control of the Indiana House of Representatives.
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  1. to mention the rest of Molly's experience- she served as Communications Director for the Indianapolis Department of Public Works and also did communications for the state. She's incredibly qualified for this role and has a real love for Indianapolis and Indiana. Best of luck to her!

  2. Shall we not demand the same scrutiny for law schools, med schools, heaven forbid, business schools, etc.? How many law school grads are servers? How many business start ups fail and how many business grads get low paying jobs because there are so few high paying positions available? Why does our legislature continue to demean public schools and give taxpayer dollars to charters and private schools, ($171 million last year), rather than investing in our community schools? We are on a course of disaster regarding our public school attitudes unless we change our thinking in a short time.

  3. I agree with the other reader's comment about the chunky tomato soup. I found myself wanting a breadstick to dip into it. It tasted more like a marinara sauce; I couldn't eat it as a soup. In general, I liked the place... but doubt that I'll frequent it once the novelty wears off.

  4. The Indiana toll road used to have some of the cleanest bathrooms you could find on the road. After the lease they went downhill quickly. While not the grossest you'll see, they hover a bit below average. Am not sure if this is indicative of the entire deal or merely a portion of it. But the goals of anyone taking over the lease will always be at odds. The fewer repairs they make, the more money they earn since they have a virtual monopoly on travel from Cleveland to Chicago. So they only comply to satisfy the rules. It's hard to hand public works over to private enterprise. The incentives are misaligned. In true competition, you'd have multiple roads, each build by different companies motivated to make theirs more attractive. Working to attract customers is very different than working to maximize profit on people who have no choice but to choose your road. Of course, we all know two roads would be even more ridiculous.

  5. The State is in a perfect position. The consortium overpaid for leasing the toll road. Good for the State. The money they paid is being used across the State to upgrade roads and bridges and employ people at at time most of the country is scrambling to fund basic repairs. Good for the State. Indiana taxpayers are no longer subsidizing the toll roads to the tune of millions a year as we had for the last 20 years because the legislature did not have the guts to raise tolls. Good for the State. If the consortium fails, they either find another operator, acceptable to the State, to buy them out or the road gets turned back over to the State and we keep the Billions. Good for the State. Pat Bauer is no longer the Majority or Minority Leader of the House. Good for the State. Anyway you look at this, the State received billions of dollars for an assett the taxpayers were subsidizing, the State does not have to pay to maintain the road for 70 years. I am having trouble seeing the downside.

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