News & Analysis

Top 6 ExactTarget officers reap $92.5M in option gains in sale

June 13, 2013
Dan Human
The gains for top brass represent about one-third of the $277 million in option gains that the company's 1,700-person work force will rack up, regulatory filings show.
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IPL parent eyes Indy for corporate services hub

June 13, 2013
Kathleen McLaughlin
AES Corp., based in Arlington, Va., has been considering Indianapolis as the hub for a new shared-services center, and is planning a major economic development announcement in the city on Friday.
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Greenwood sues over failed pharmaceutical facility

June 13, 2013
 IBJ Staff and Associated Press
Greenwood Mayor Mark Myers says city officials had tried for months to help with talks with possible investors for Elona Biotechnologies, without any progress.
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State selling Coliseum seats for grand each

June 13, 2013
Associated Press
The Indiana State Fair Foundation says 100 pairs of platform-mounted seats are being sold for $1,000 each. All the money raised from the sale will help pay for the ongoing $63 million renovation of the 1939 Fairgrounds Coliseum.
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New law lets pharmacists provide pneumonia, HPV vaccines

June 13, 2013
 The Statehouse File
Starting July 1, pharmacists will be able to offer a much wider variety of immunizations to customers, in an effort from lawmakers to make health care more accessible.
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Pence officials seek ethics opinions from panel

June 13, 2013
Associated Press
A group of state officials is seeking advice from Indiana's ethics commission about potential conflicts of interest from new jobs and old relationships.
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Three other firms courted Indy's ExactTarget before Salesforce landed prize

June 13, 2013
Dan Human
At least three other companies pursued the Indianapolis digital marketer amid its courtship with San Francisco-based Salesforce.com, which led to a $2.5 billion buyout announced June 4.
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High overhead does in Carmel Shapiro's

June 12, 2013
Andrea Muirragui Davis
The company called closing the restaurant at 918 S. Range Line Road a “strategic decision” that will allow it to focus on its flagship downtown eatery.
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State lawmakers override Pence veto of tax measure

June 12, 2013
Associated Press
The governor wrote to lawmakers Monday asking them to sustain his veto of retroactively implementing local income taxes for Pulaski and Jackson counties. But House and Senate leaders pushed the override, saying the bill corrects a mistake by the state.
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City awards $1M in federal funds for bike-rental service

June 12, 2013
Kathleen McLaughlin
Wisconsin-based B-Cycle LLC received a contract to spend up to $1.5 million to install its electronic stations and purchase bikes. Any spending beyond the federal funds will be covered by the Indianapolis Cultural Trail Inc.
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Carbon Motors’ Chapter 7 filing marks official end for firm

June 12, 2013
Scott Olson
The once-promising firm that had planned to build high-tech police cars at a Connersville plant filed for bankruptcy Friday, listing liabilities of $21.7 million.
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Remy seeks greater share of Chinese market with buyout

June 12, 2013
Dan Human
Pendleton-based auto parts manufacturer Remy International Inc. plans to buy out a partner’s share in a Chinese joint venture, potentially paving the way for a greater share of the growing Asian market.
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IDI’s Velocity project plumbs urban neighborhoods

June 12, 2013
Scott Olson
The strategic planning project is holding a series of neighborhood roundtable meetings this month in hopes of having final recommendations for the future of downtown by the end of the year.
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New law helps protect seniors from unscrupulous relatives

June 12, 2013
 The Statehouse File
The law is meant to help seniors fight back against more subtle manipulation that happens when a caregiver, friend or loved one uses intimidation—but not force—to gain access to money, credit cards or other resources.
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State lawmakers returning to consider veto override

June 12, 2013
Associated Press
Gov. Mike Pence wrote to lawmakers Monday asking them to sustain his veto of retroactively implementing local income taxes for Pulaski and Jackson counties.
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Agency: Opting for overdrafts means higher fees

June 11, 2013
Associated Press
A U.S. agency says consumers who opt for overdraft coverage on their checking accounts pay higher fees and are more likely to have their accounts closed than those who decline it.
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Bike sharing lined up for downtown Cultural Trail

June 11, 2013
Kathleen McLaughlin
The city is prepared to award $1.5 million in federal funds to Wisconsin-based B-Cycle LLC, which would provide the service along the 8-mile route downtown.
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Analysts: Midwest drivers to see lower gas prices

June 11, 2013
Associated Press
The worst may be over for drivers in the upper Midwest who have been grappling with the highest gasoline prices in the continental U.S.
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New tax break reduces Indiana share of casino revenue

June 11, 2013
Associated Press
Total tax receipts from casinos fell nearly 18 percent last month compared with May of last year, according a report released Monday by the Indiana Gaming Commission.
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Caponi to step down as St. Vincent system CEO

June 11, 2013
J.K. Wall
After overseeing 15 years of massive growth via mergers, Vince Caponi will become an executive of St. Vincent Health's parent organization.
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Councilor raises questions about cricket group's track record

June 11, 2013
Kathleen McLaughlin
The USA Cricket Association, a group that Indianapolis Mayor Greg Ballard hopes will bring high-level competition to a new $6 million local sports park, staged zero national tournaments in 2012.
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Out-of-state developer pitches $75M Carmel project

June 11, 2013
Andrea Muirragui Davis
Baltimore-based Atapco Properties wants to redevelop 34 acres of land at Carmel Drive and Guilford Road, converting a portion of the commercial property to residential use with hundreds of apartments.
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Woodard sells Canterbury Hotel to Ohio firm

June 11, 2013
Scott Olson
Local businessman Turner Woodard had owned the upscale downtown hotel since 2010. Terms of the deal with Columbus, Ohio-based RockBridge Capital LLC, a hotel investment firm, were not disclosed.
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Indiana highway commissioner picked for Purdue job

June 11, 2013
Associated Press
The head of the Indiana Department of Transportation is looking to join former Gov. Mitch Daniels at Purdue University.
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Anderson lodge's decline mirrors city's changed demographics

June 11, 2013
 IBJ Staff, Associated Press
Anderson Elks Lodge 209 wants to auction off its building at 1803 Broadway St. The lodge has about 260 members, a sharp decline from the nearly 2,000 members it boasted in the 1970s.
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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. 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.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. 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!

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