News & Analysis

Shopping mall owner offers $5.6B for competitor

July 29, 2014
Bloomberg News
Klepierre SA, which is partly owned by Indianapolis-based Simon Property Group, has offered to buy Dutch competitor Corio NV to solidify its position as Europe’s second-largest publicly traded-shopping mall operator.
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Indiana BMV asks court to delay vanity plate sales

July 29, 2014
Associated Press
The Indiana Bureau of Motor Vehicles has asked the state Supreme Court for permission to continue its suspension on sales of vanity plates until a court case is settled.
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Hunt Construction acquired by L.A. engineering firm

July 29, 2014
Scott Olson
The city's largest construction contractor, whose local projects include Lucas Oil Stadium and the JW Marriott hotel, has been acquired by Los Angeles-based engineering firm Aecom Technology Corp.
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Speedway roundabout expected to spur economic development

July 29, 2014
Scott Olson
The reconfiguring of the roadways represents the town's latest attempt to become a year-round racing destination.
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Judge OKs record-setting $2B sale of Clippers

July 29, 2014
Associated Press
In allowing the deal to go forward, Superior Court Judge Michael Levanas sided Monday with Sterling's estranged wife, Shelly Sterling, who negotiated the record sale after the NBA banned the 80-year-old billionaire for making offensive remarks about blacks.
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Study: 35 percent in U.S. facing debt collectors

July 29, 2014
Associated Press
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
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CNO sees higher earnings, revenue in latest quarter

July 28, 2014
 IBJ Staff
CNO Financial Group Inc. earned $78.1 million compared with profit of $77.1 million in the same period of 2013.
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Pennsylvania reps ask NCAA to halt Penn State sanctions

July 28, 2014
Associated Press
Five Pennsylvania congressmen are asking college sports' governing body to cancel penalties against Penn State University imposed as a result of the Jerry Sandusky child molestation scandal.
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State campaign pushes students to finish college on time

July 28, 2014
Jessica Seabolt, The Statehouse File
The statewide effort is designed to push more Indiana students to graduate from college on time by completing at least 15 credits each semester.
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'Test jury' gauged in Indianapolis home blast case

July 28, 2014
Associated Press
Prosecutors and attorneys for one of the suspects in a deadly Indianapolis house explosion began assessing Monday whether they can assemble an impartial jury successfully in the city where it happened.
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Deal worth $17B aimed at improving veteran health care

July 28, 2014
Associated Press
The bipartisan agreement includes $10 billion in to make it easier for veterans who can't get prompt appointments with Veterans Affairs doctors to obtain outside care; $5 billion to hire doctors, nurses and other medical staff; and about $1.5 billion to lease 27 new clinics across the country.
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Roche drug trial backs Lilly on Alzheimer’s findings

July 28, 2014
J.K. Wall
Results of a Roche clinical trial mirror those produced by an experimental Lilly drug two years ago. Lilly executives say that validates their approach in the multi-billion-dollar race to market the first drug to reverse Alzheimer's.
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U.S. companies increasingly fish for growth overseas

July 28, 2014
Associated Press
Few U.S. industries are tying their fortunes to overseas markets as aggressively as the technology sector, where new sources of revenue are often just a matter of equipping people with a computing device and an Internet connection.
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Profit, revenue up for Cummins in latest quarter

July 28, 2014
 IBJ Staff
Cummins Inc. said Monday that second-quarter profit jumped 7.7 percent on strong sales in North America. The results exceeded analyst expectations.
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Contracts to buy homes decrease nationally

July 28, 2014
Associated Press
Sales have been slowed by a mix of meager wage growth, rising home prices, and mortgage rates that rose steadily through the end of last year.
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Hogsett takes position at Indianapolis law firm

July 28, 2014
 IBJ Staff
U.S. attorney Joseph Hogsett, a rumored candidate for Indianapolis mayor, plans to join Bose McKinney & Evans on Aug. 1 as a partner in the litigation practice group.
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Groundbreaking set for $15M Speedway roundabout

July 28, 2014
Associated Press
The town of Speedway plans a two-lane roundabout to replace the current stoplight-controlled intersection at West 16th and Main streets, and Crawfordsville Road, outside the Indianapolis Motor Speedway.
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Not in my backyard: U.S. sending more coal abroad

July 28, 2014
Associated Press
The U.S. power sector is burning less coal and is reducing carbon emissions, but a growing share is finding its way to the rest of the world.
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Mitchell departs state job for treasurer's race

July 28, 2014
Associated Press
Kelly Mitchell announced Friday she was leaving her job as an investment director in the state treasurer's office Aug. 1.
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Leg of I-69 project now due to open by end of 2015

July 27, 2014
Associated Press
The Indiana Department of Transportation now plans for Interstate 69 to reach Bloomington by the end of 2015, a year later than originally planned.
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Pence, Bayh, crowd 2016 field with questions

July 27, 2014
Associated Press analysis
In the 2016 political landscape, a pair of the state's political big dogs—Republican Gov. Mike Pence and former Democratic U.S. Sen. Evan Bayh—has potential candidates holding their breath and waiting on them.
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Former piano factory burns down in Muncie

July 26, 2014
Associated Press
Old building also had been used as chemical distributorship.
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Indiana Limestone Co. digs out of deep hole

July 26, 2014
Anthony Schoettle
In February, Indiana Limestone Co. filed for bankruptcy. But two months later, Chicago-based Wynnchurch Capital Ltd. bought the quarry company out of bankruptcy. ILC is now digging out and looking at a brighter horizon.
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Tech entrepreneur launches Indy Visitors Channel

July 26, 2014
Anthony Schoettle
Folksy chief cements deals with handshakes, promotes tourism spots with video network in hotels.
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Indiana tourism group sharpens mission

July 26, 2014
Anthony Schoettle
New director changes organization’s name, launches initiatives catering to businesses.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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