News & Analysis

Manufacturing Extension Partnership nearly doubles Indiana clients servedRestricted Content

December 8, 2008
Scott Olson
Manufacturing Extension Partnership, an initiative formerly managed by the state, is thriving under Purdue University's leadership.
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Women are top leaders in Hoosier public health postsRestricted Content

December 8, 2008
Cynthia Sequin
Dr. Judith Monroe, Dr. Virginia Caine and G. Marie Swanson are three local women who have risen to leadership positions in the health care community.
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Economic slump causes ISO leaders to delay capital campaignRestricted Content

December 1, 2008
Kathleen McLaughlin
The Indianapolis Symphony Orchestra's operating loss of $293,000 during the most recent fiscal year is not nearly as troubling in the long term as the symphony's shrinking endowment.
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Kosene & Kosene embroiled in 62 lawsuitsRestricted Content

December 1, 2008
Cory Schouten
Indianapolis developer Kosene & Kosene is battling buyers over a $500 million condo project near Fort Myers.
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State public company execs grab up stock as prices fallRestricted Content

December 1, 2008
J.K. Wall
The unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana public companies to scoop up shares in their own companies.
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Shepherd lengthens its reach by merging with other charitiesRestricted Content

December 1, 2008
Kathleen McLaughlin
Shepherd Community Inc., a Christian-based organization serving the near-east side, is pulling other charities into its fold at a pace not often seen in the local not-for-profit sector.
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Indiana bankruptcies soarRestricted Content

December 1, 2008
Peter Schnitzler
Indiana bankruptcies are rising toward levels not seen since Congress tightened filing rules three years ago, and experts say stretched consumers and businesses probably won't reap benefits of an improved economy for at least a year.
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Eli Lilly investing $100M in China, hoping to attract research partners

December 1, 2008
Brian Spegele
Hoping to increase sales in China's rapidly growing pharmaceutical market, Eli Lilly and Co. is charging ahead with plans to invest $100 million in venture capital in the region over the next several years.
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Southwest swoops in to benefit from ATA Airlines' bankruptcyRestricted Content

December 1, 2008
Chris O'Malley
Southwest is striking a deal to acquire ATA's valuable landing slots at LaGuardia and most of the dying airlines' remaining assets for $7.5 million.
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New IRL ethanol deal with Brazil angers U.S. corn growersRestricted Content

December 1, 2008
Anthony Schoettle
The Indy Racing League suddenly finds itself at odds with Midwestern farmers over a decision to make a Brazilian consortium its ethanol supplier starting next year.
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Study examines regional commuter rail types and their expenseRestricted Content

December 1, 2008
Chris O'Malley
The Metropolitan Development Commission has given city planners the green light to seek an expedited study that would provide a clearer picture of what a comprehensive regional transit system could look like and how much it would cost.
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Exit of anchor complicates Lafayette Square overhaulRestricted Content

December 1, 2008
Chip Cutter
The demise of apparel retailer Steve and Barry's University Sportswear deals another blow to efforts to turn around the ailing Lafayette Square Mall.
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Voice-mail firm's latest product helps clients collect overdue debtsRestricted Content

December 1, 2008
Scott Olson
A growing number of companies strapped for cash and struggling to pay their bills on time is presenting an unusual opportunity for Vontoo Inc., a local IT firm.
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State technology interests don't want economy to stifle progressRestricted Content

December 1, 2008
Peter Schnitzler
Indiana legislators are signaling that everyone who receives funding from state government must tighten their belts as tax collections fall short of projections. That could cause pressure for cuts to key technology incentives.
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Companies face pension-plan shortfallsRestricted Content

November 24, 2008
Chris O'Malley
Private employers that still offer traditional pension plans are getting a big shock as they assess how much more it will cost to shoulder retirement obligations.
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Billions lost in state pension-fund falloutRestricted Content

November 24, 2008
Peter Schnitzler
Indiana's public pensions lost $5 billion in the 12 months ending Sept. 30.
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Greensfork Township State Bank to acquire local startup that failed to live up to high hopesRestricted Content

November 24, 2008
Cory Schouten
A rural Indiana bank that specializes in farm lending has agreed to buy Symphony Bank for less than the ambitious startup spent to build its extravagant branch on 96th Street.
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$40M prison work program helps inmates, businessesRestricted Content

November 24, 2008
Whitney Lee

If you've ever cooked a hamburger over a grill at Shakamak State Park, sat in a hospital waiting room chair, or sipped from a water fountain, you may have used products made by Indiana convicts. Although offender work programs have been around since the 1920s, most Hoosiers know little about the Indiana Department of Correction's prison-based industries, which generate $40 million a year in revenue.

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Central Indiana colleges on alert to slow spendingRestricted Content

November 24, 2008
J.K. Wall
Most colleges and universities in central Indiana are being especially frugal because the value of their university endowments has plunged along with the market,donations may decrease, and enrollment may decline, due to lack of student loan availability.
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Green Mountain entrepreneur compiles 17-percent stake in struggling Noble Roman's

November 24, 2008
Cory Schouten
Robert P. Stiller, a lifelong entrepreneur who built Green Mountain into a wholesale coffee giant with 7,000 customers and $500 million in revenue, owns 3.4 million shares, or 17 percent of the Noble Roman's company.
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Automotive Finance Corp. writes off $162 million, reflecting slow auto salesRestricted Content

November 24, 2008
Chris O'Malley
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles at auction, to take a big write-off on the declining value of its loan portfolio.
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Siegel's NASCAR future in doubt after mergerRestricted Content

November 24, 2008
Anthony Schoettle
Chip Ganassi's NASCAR team is teaming with Dale Earnhardt Inc. where Max Siegel has served as president of global operations since early 2007, and the former Baker & Daniels attorney may be among many laid off in the merger.
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Self-serve chili could help Charlie & Barney's grow nationallyRestricted Content

November 24, 2008
Sam Stall
Charlie & Barney's is quietly expanding into unorthodox niches, placing its product in unusual places — like convenience stores.
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Indiana's new superintendent of public instruction ready to tackle challengesRestricted Content

November 24, 2008
Scott Olson
Tony Bennett, Indiana's new superintendent of public instruction, says his priorities include restoring discipline to the classroom, recruiting topnotch teachers and adequately compensating them, increasing the percentage of education dollars spent directly on instruction, and reducing regulations so schools can focus more on student instruction.
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Butler turns around flagging MBA programRestricted Content

November 24, 2008
Scott Olson
Butler University's MBA program — once at risk of being eliminated — has been revamped to include more real-life professional experiences, and enrollment has increased 63 percent.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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