News & Analysis

Banking reforms may bite weakest institutionsRestricted Content

March 13, 2010
Peter Schnitzler
Indiana banks soon might have to pay the state as much as $300 million in new fees for deposit insurance at a time the industry is experiencing its deepest woes in decades.
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Carmel contractor offers scholarshipsRestricted Content

March 13, 2010
 IBJ Staff
Carmel-based Williams Comfort Air, a heating and cooling contractor, is accepting nominations for its Extraordinairy Treasures annual scholarship program. Six one-time scholarships totaling $5,000 will be awarded to high school seniors based on community service, leadership activities and family commitment.
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Indianapolis Housing Agency pulls off big tax credit deal

March 13, 2010
Tom Harton
City agency plans renovations, expansions at eight apartment properties.
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State lawmakers remain divided; deal by Sunday in doubt

March 12, 2010
Associated Press
The impasse between the two parties over a delay in an unemployment-tax increase is expected to drag the legislative session into the weekend. "Nobody is talking right now," says one legislator.
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Indiana Arts Commission delays changes

March 12, 2010
Kathleen McLaughlin
The Indiana Arts Commission on Friday morning accepted a staff recommendation to alter its regional partnership program, but will delay action until next month.
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Former Indiana University AD Greenspan lands at Rice

March 12, 2010
 IBJ Staff and Associated Press
Greenspan resigned from IU in 2008 amid NCAA allegations that his department failed to monitor former basketball coach Kelvin Sampson.
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Two of Ballard's top administrators step down

March 12, 2010
Peter Schnitzler
Deputy mayor, city Bond Bank director resign to take jobs in the private sector.
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On-air roster changes afoot at Emmis stations

March 12, 2010
Scott Olson
Emmis Communications Corp. is shuffling several prominent on-air personalities at its Indianapolis radio stations' beginning Monday.The moves involve Big Joe Staysniak and Steve Simpson of WIBC, Ed Wenck of WLHK and Dan Dakich of WFNI.
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FedEx closely watching key legislation

March 12, 2010
Chris O'Malley
Congress may determine long-term fate of FedEx's Indianapolis cargo hub, where about 4,500 work.
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Indiana University Foundation lays off 18 staffers

March 12, 2010
 IBJ Staff and Associated Press
The cuts, both in Bloomington and Indianapolis, come as part of an effort to trim $2.4 million from the fund-raising group's $26 million operational budget.
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Impending budget cuts prompt arts funding turf war

March 11, 2010
Kathleen McLaughlin
The staff of the Indiana Arts Commission is proposing to revamp a regional partnership system that it enacted 13 years ago as a way to fund the arts in all 92 counties of the state.
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Simon says new General Growth plan is less uncertain

March 11, 2010
Bloomberg News
A new plan by mall owner General Growth Properties Inc. to exit bankruptcy resolves some uncertainty rival bidder Simon Property Group Inc. has criticized, Simon CEO David Simon says.
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Republic hits turbulence with Frontier mechanics

March 11, 2010
Associated Press
The union for mechanics at Frontier Airlines is going to court over Republic Airways Holdings Inc.'s plans to shift their work to Milwaukee.
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Area home sales, prices show increase

March 11, 2010
The housing market could be awakening from its deep sleep, if February home-sale agreement figures are any indication.
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Future of Big Ten tourneys in city unclear after 2012

March 11, 2010
Scott Olson
The Big Ten men's and women's basketball tournaments will be held in Indianapolis the next two years, but the conference's future in the city is uncertain after 2012.
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Former Saturn franchise in Fishers enters new orbit

March 11, 2010
Chris O'Malley
An All Things Automotive franchise is replacing Saturn of Fishers. The concept, aimed particularly at displaced Saturn dealers, involves used-car sales and service bays stocked by Carquest.
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Hurco suffers loss as sales plummet

March 11, 2010
 IBJ Staff
The Indianapolis-based manufacturer's quarterly revenue fell to $20.6 million, a 27-percent drop from the same period the year before.
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Hoosier entrepreneurs make magazine's billionaires list

March 11, 2010
 IBJ Staff
Bill Cook, Dean White, Jim Irsay and Herb Simon have made Forbes magazine’s annual list of the richest people in the world.
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NCAA tournament committee focused on 65, not 96

March 11, 2010
Associated Press
The NCAA is discussing whether to expand the 65-team men's basketball tournament, a topic with no shortage of controversy and opinions.
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Lawyers in Simon estate case fight over what should be public

March 10, 2010
Greg Andrews, Cory Schouten
Parties disagreed over public disclosure in the first major court hearing in the dispute over how to divide the billionaire's fortune.
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Official: Promised rate reduction key in $1.9B city water, sewer deal

March 10, 2010
Chris O'Malley
Cost savings from combining three utilities helped give Citizens Energy Group an advantage in the deal to take over Indianapolis' water and sewer operations, said Michael Huber, the city’s director of enterprise development.
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Logistics firm CEVA to lay off 250 workers in Plainfield

March 10, 2010
Jeff Newman
CEVA Logistics U.S. Inc. plans to permanently lay off nearly all of its workers at its warehouse operations in Plainfield, resulting in the loss of more than 250 jobs.
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Indiana's jobless rate holds steady at 9.7 percent

March 10, 2010
Scott Olson
The state's unemployment rate in January remained unchanged from the seasonally adjusted figure of 9.7 percent Indiana reported in December.
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Delta Faucet cutting 40 more jobs at Greensburg plant

March 10, 2010
The Carmel-based company said its decision to consolidate machining activities at a plant in Tennessee is driven by weak retail sales and a sluggish housing market.
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Citizens Energy to take over city's water, sewer utilities

March 10, 2010
 IBJ Staff
The agreement is expected to generate more than $425 million in funding for local infrastructure improvements, and Citizens has agreed to assume $1.5 billion in debt associated with the utilities.
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