News & Analysis

Old National improves second-quarter performance

July 26, 2010
The Evansville-based bank reported a 9-percent increase in second-quarter profit, helped by a continued reduction in non-interest expenses and growth in commercial loan and business checking account activity.
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Holiday Inn to hit auction block with $1M opening bid

July 26, 2010
Cory Schouten
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month with a suggested opening bid of $1 million.
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Key vote ahead for utilities transfer

July 26, 2010
 IBJ Staff
A plan to transfer the city's water and sewer utilities to Citizens Energy Group faces a key vote Monday night at a meeting of the City-County Council.
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Lawsuit targets Simon's leasing tactics

July 24, 2010
Cory Schouten
One of Indiana’s largest privately held developers is suing Simon Property Group Inc., alleging the nation’s largest mall owner abused its “market power” to bully two national retailers into backing out of leases at a lifestyle mall near Mishawaka.
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Daniels criticized for lopping costs on I-69 extension

July 24, 2010
Chris O'Malley
Detractors of new-terrain route say cost cuts undermine economic development premise for extending the interstate.
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Indianapolis Indians scoring sponsorship, attendance increases

July 24, 2010
Anthony Schoettle
Minor-league baseball team could be in line to register another $1 million profit thanks to improvements in sponsorship sales and attendance.
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Big budget cuts will make for bitter state politics

July 24, 2010
Peter Schnitzler
As Indiana's reserves dwindle toward zero and federal stimulus money disappears, trying to keep political debate friendly and the budget in the black will be quite a challenge. Half a year before they must craft the next state budget, Democrats and Republicans already are squabbling.
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High-end home market hits foreclosure lullRestricted Content

July 24, 2010
Norm Heikens
Until this year, Indiana's foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March, not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible sign of better times for uber-expensive homes.
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Opponents claim I-69 extension a drain on other road projects

July 24, 2010
Chris O'Malley
Some opponents of the Interstate 69 extension says it’s not too late to kill the project even though concrete has been poured for two miles in southern Indiana, and another 60 miles or so is under construction or in an engineering phase.
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SHOUP: Emancipation is near for independent contractorsRestricted Content

July 24, 2010
Steve Shoup
State regulators are gearing up to crack down on companies thought to be treating people as though they are independent contractors instead of employees.
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'Landstory' name opens new chapter for firmRestricted Content

July 24, 2010
Scott Olson
Moniker reflects ownership change years earlier, better description of company's focus.
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Indianapolis Star to be laid out in Louisville; local jobs likely lost

July 24, 2010
Anthony Schoettle
Virginia-based Gannett Co., the Star’s parent company, this month informed employees of a plan to move layout and design work for its 83 dailies to five regional design hubs.
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Local investors make big bet on senior housingRestricted Content

July 24, 2010
J.K. Wall
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing projects around the state, spending $49 million and looking to do more.
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Financial upheaval produced war stories galoreRestricted Content

July 24, 2010
Norm Heikens
The foreclosure epidemic has left a wake of carnage in the Indianapolis area.
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Indianapolis City Ballet organizers proceeding slowlyRestricted Content

July 24, 2010
Kathleen McLaughlin
Local arts patrons Jane Fortune and her longtime partner Robert Hesse started City Ballet in the spring of 2009, but it was more of a pitch than a reality. More than a year later, organization leaders are still not sure when they will hire their own dancers.
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Mind Trust education fund launches national networkRestricted Content

July 24, 2010
J.K. Wall
The organization uses its money to lure national reform programs like Teach for America to the city and to fund education entrepreneurship fellows to launch innovative programs for schoolchildren in Indianapolis.
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Federal agents' raid hits University Loft at tough timeRestricted Content

July 24, 2010
Kathleen McLaughlin
Military contracts have helped shore up sagging sales at University Loft Co., the furniture maker federal agents raided two weeks ago. Still, University Loft's work force is almost 50 percent off its recent peak.
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Judge rules against Inlow heirs

July 23, 2010
J.K. Wall
Hamilton County Judge Steve Nation ruled Friday that the heirs of former Conseco Inc. executive Lawrence Inlow failed to justify their attempt to remove Cincinnati-based Fifth Third Bank as the fiduciary of his estate.
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Hoosier Energy reaches settlement with EPA

July 23, 2010
 IBJ Staff
Rural electric cooperative to pay civil penalty of nearly $1 million for not using most modern pollution controls. Hoosier Energy also to spend up to $300 million on pollution controls at coal-fired plants.
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Key city highway to be closed for beautification project

July 23, 2010
Chris O'Malley
Commuters and truckers could get an all-day headache when Interstate 70 closes in October to allow Eli Lilly and Keep Indianapolis Beautiful to spruce up part of the city.
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INSIDE DISH: Reviving an iconic east-side diner

July 23, 2010
Mason King
Dish_steerin_watchvideoHarold's Steer-In was on its last legs when the Kehrer family decided to rehabilitate the beloved eatery. After a slow start, sales are stampeding.
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Small business lending measure clears filibuster

July 23, 2010
Associated Press
Community banks may soon be able tap a $30 billion government fund to help them increase lending to small businesses.
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Integra Bank unloads five Kentucky branches

July 23, 2010
Transaction is part of Evansville-based Integra's plan to narrow its geographic footprint, CEO Michael J. Alley said. The bank has 59 branches in Indiana, Kentucky, Illinois and Ohio.
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Proposal: Link federal aid to performance of ITT, peers

July 23, 2010
Bloomberg News
The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid, threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services is among those potentially affected.
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Elevated jobless claims point to weak labor market

July 22, 2010
Associated Press
The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that drop was driven by temporary seasonal factors and not an improving job market.
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