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News & Analysis
FedEx confirms plans for $40M Zionsville center
May 29, 2013
IBJ Staff and Associated PressThe company plans to open the 300,000-square-foot center in August 2014 with about 200 workers, although most will be transferring
from an existing Indianapolis FedEx facility.
MoreFirst Merchants accused of overdraft fee violations
May 29, 2013
Chris O'MalleyA lawsuit seeking class-action status alleges that the Muncie-based bank manipulated the timing of customers' transactions
to cause their checking accounts to bounce more frequently, generating millions of dollars in overdraft fees.
MoreFormer bookkeeper pleads guilty to stealing $680K
May 29, 2013
Associated PressFifty-three-year-old Karen Armacost of Franklin admitted to forging hundreds of checks between 2007 and 2012 from the Greenwood
Orthopaedics surgical group.
More500 Festival hires Atlanta marketing exec as CEO
May 29, 2013
IBJ StaffBob Bryant, a veteran sports marketing executive from the Atlanta area, has been named president and CEO of the 500 Festival,
the Indianapolis-based organization announced Wednesday morning.
MoreAgainst court orders, Conour auctioned art for $10K
May 29, 2013
Dave StaffordAttorney William Conour, accused of defrauding clients of more than $4.5 million, has admitted to auctioning some of his art
collection in an apparent violation of bond conditions.
MoreData-hosting firm Axia to add up to 45 jobs
May 29, 2013
The Indianapolis-based company will invest $2.8 million to expand its downtown headquarters and open a data center in Columbus,
Ind.
MoreTV ratings droop near all-time low for Indy 500
May 28, 2013
IBJ Staff and Associated PressABC-TV's telecast of the Indianapolis 500 on Sunday earned a 3.7 rating nationwide, one of the race's worst ratings performances
in recent history.
MoreMechanic sues Fisher team for alleged harassment
May 28, 2013
Associated PressA former mechanic for Sarah Fisher/Hartman Racing says in a lawsuit that he was fired after he complained that a crewmate
was sexually harassing him.
MoreDeveloper pushing central Indiana wind farm plans
May 28, 2013
Associated PressA developer has slightly scaled back plans for a central Indiana wind farm as the company tries to win approval from county
officials for the estimated $300 million project.
MoreLawyers scatter as Stewart & Irwin closes doors
May 28, 2013
Scott OlsonTwo law firms, including a Chicago practice opening an Indianapolis office, are scooping up attorneys from Stewart & Irwin
PC as the 92-year-old local legal institution prepares to end operations.
MoreFishers buys properties, moves dirt to draw developers
May 28, 2013
Andrea Muirragui DavisOfficials have quietly struck deals with more than a half-dozen property owners in the triangle-shaped targeted area west
of Lantern Road, east of the railroad tracks and north of 116th Street.
MoreDocs court employers with health management
May 28, 2013
J.K. WallThree years ago, the physician practice American Health Network was concerned that the boom in employer on-site clinics would
hurt its business. So it launched a program aimed at managing the health of employers’ workers. And it has come up with some
impressive results.
MoreCity-county board awards $65M in tech contracts
May 28, 2013
Mason KingThe contracts will help support technology infrastructure, applications and the indy.gov Internet portals for more than 50
departments and agencies in the city-county government.
MoreHorizon Bank gains access to Mass Ave with building purchase
May 28, 2013
Scott OlsonMichigan City-based Horizon Bank bought the two-story building at 302 N. Alabama St. for $1.5 million and is embarking on
a "substantial" investment in the property.
MoreCourt stays out of Planned Parenthood funding case
May 28, 2013
Associated PressThe Supreme Court will not disturb a lower court ruling that blocks Indiana's effort to strip Medicaid funds from Planned
Parenthood because the organization performs abortions.
MoreApartment business good in IU's hometown
May 28, 2013
Associated PressBloomington's average apartment rent was $892 last year, up nearly $60 in two years.
MoreIndianapolis Indians seeking new ad agency
May 25, 2013
IBJ StaffIndianapolis-based Hirons & Co. has held the contract for 10 years. But earlier this year, the Indians decided it was
time to see if Hirons or another agency had new ideas.
MoreNew WellPoint CEO Joe Swedish thrives on complexity
May 25, 2013
J.K. WallJoe Swedish, a career hospital executive, is now two months into his job at the helm of Indianapolis-based WellPoint, the
nation’s second-largest health insurer. In his first interview since starting work, Swedish indicated he’s taking
his time to learn the people and the culture of the vast organization he now leads.
MoreIndianapolis education up-and-comers are fierce competitors
May 25, 2013
J.K. WallFriends' competition for bragging rights lands both on Forbes' 30 Under 30 lists.
MoreIndiana 8th-graders best most nations in math, science
May 25, 2013
J.K. WallIn the same year the Legislature passed a set of sweeping reforms to improve Indiana’s public schools, Indiana’s
eighth-graders were scoring No. 7 in the world on an international math test.
MoreFDIC sues executives over Irwin failure
May 25, 2013
Chris O'MalleyThe Federal Deposit Insurance Corp. has filed suit against four former officers of defunct Irwin Financial Corp. banks, alleging
they “closed their eyes to known risks” in approving loans that contributed to the banks’ 2009 takeover
by regulators.
More$225M Westfield project in works
May 25, 2013
Andrea Muirragui DavisDeveloper Steve Henke’s vision for Grand Park Village is grand: a 20-acre lake surrounded by an East Coast-style boardwalk
lined with restaurants and shops. He sees a carousel at one end of the lake and a Ferris wheel at the other—with a beach,
mini marina and watering hole in between.
MoreHigh-profile developer chases Indy debut
May 25, 2013
Scott OlsonCleveland-based Forest City Enterprises Inc., developer of the 76-story New York by Gehry in New York City, is teaming with
Keystone Group in its bid to redevelop a prime piece of downtown real estate where Market Square Arena once stood.
MoreHomebuilder focuses on 'pocket' communities near Carmel attractions
May 25, 2013
Andrea Muirragui DavisTwo Carmel natives operate Old Town Design, which is building small neighborhoods of new Craftsman-style homes in and near
downtown Carmel's old neighborhoods.
MoreIndy startup sees green in cheaper 3D printing
May 25, 2013
Dan HumanLaunched in January, 3D Parts Manufacturing joined a recent surge in rapid prototyping and additive manufacturing operations
known as 3D printers. Rather than screwing and gluing parts together, operators plug digital designs into machines that shape
plastic and metal powders from the bottom up, one microscopic level at a time.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!