News & Analysis

Interactive Intelligence shares dive on expected shortfall

July 16, 2014
Dan Human
The local software and services firm has released disappointing preliminary results for its second quarter, leading to a 16-percent stock tumble.
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Indy home sales likely slowing to 'new normal'

July 16, 2014
 IBJ Staff
Home-sale agreements tumbled 14.9 percent in the nine-county Indianapolis area in June, the tenth straight month deals have decreased, according to F.C. Tucker Co.
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GM planning $27M investment in Bedford plant

July 16, 2014
Associated Press
The automaker filed a tax abatement request for the Bedford factory project, saying it would add about 40 jobs and raise the plant's employment to some 650 workers.
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Tower maker gets OK for factory, plans to hire 600

July 16, 2014
Associated Press
Nello Corp., a South Bend firm that manufactures steel towers, plans to sink about $60 million into the project.
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Pacers lose Stephenson to Hornets offer, reports say

July 16, 2014
 IBJ Staff
Pacers free-agent guard Lance Stephenson has come to terms with the Charlotte Hornets with a three-year, $27 million deal, multiple media outlets reported Wednesday morning.
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Study: U.S. millennials buying homes later in life

July 15, 2014
Associated Press
The number of first-time homebuyers in May was near record lows at 27 percent, versus a historic average of 40 percent.
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Emmert paid $1.7 million as NCAA revenue increases

July 15, 2014
Associated Press
Monday’s tax filing comes as the NCAA faces unprecedented scrutiny, including a handful of lawsuits and an effort by Northwestern University football players to form college sports’ first player union.
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Indiana sues county over I-69 noise ordinance

July 15, 2014
Associated Press
The Indiana Department of Transportation is suing the commissioners of a southern Indiana county, saying they have no authority to limit construction of the Interstate 69 extension near Bloomington with an ordinance that restricts overnight noise.
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NCAA, schools need more financial transparency, bill says

July 15, 2014
Bloomberg News
Athletic departments, conferences and the governing body of college sports should be more transparent financially, according to a bill co-sponsored by a pair of U.S. congressmen.
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House votes to extend moratorium on Internet taxes

July 15, 2014
Associated Press
Under current law, the moratorium expires Nov. 1, exposing Internet users to the same kind of connection fees that often show up on telephone bills.
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Ex-HHGregg manager's lawsuit grows into class-action

July 15, 2014
Scott Olson
The lawsuit now includes 62 current and former HHGregg employees who claim they were denied incentive bonuses totaling about $5 million.
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Convenience stores remount challenge to cold-beer laws

July 15, 2014
Mason King, Associated Press
Convenience stores in Indiana are appealing a decision from a federal judge in June that continued to prohibit them from selling cold beer.
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Yellen says economy still needs Fed support

July 15, 2014
Associated Press
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
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Seventy-lot subdivision slated for Fort Harrison property

July 15, 2014
Scott Olson
The proposed Residences of Lawrence at Fort Ben subdivision would be the first single-family project on the former army base since it closed in 1995.
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Lilly reaches multiyear agreement to sponsor IMS race

July 15, 2014
 IBJ Staff
The race, which takes place the day before the annual NASCAR Brickyard 400 race at IMS, will be called the Lilly Diabetes 250.
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South Bend council rejects smoking ban for bars

July 15, 2014
Associated Press
By a 5-4 vote, South Bend failed to join major Indiana cities such as Indianapolis and Fort Wayne that go further than state law to prohibit smoking inside taverns.
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Purdue reports big boost in research funding

July 15, 2014
Associated Press
Purdue University says its researchers obtained $389 million in outside funding in the past year, almost a 22-percent increase from the previous year and just short of a record.
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Councilors to IPL: Eliminate coal in county by 2020

July 14, 2014
Dan Human
Two City-County Council members want Indianapolis Power & Light Co. to stop burning coal in Marion County by 2020 and shift more attention to renewable energy.
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Maplehurst plans expansion into Lebanon, 219 jobs

July 14, 2014
 IBJ Staff
Maplehurst, which is based in Brownsburg, said it will renovate and equip a 180,000-square-foot facility in Lebanon that will house the warehouse, distribution and manufacturing operations for its cake and cupcake products.
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Court to hear gay marriage arguments in August

July 14, 2014
Associated Press
A federal appeals court in Chicago will hear arguments in challenges of gay marriage bans in Wisconsin and Indiana's on Aug. 13.
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UPDATE: Indiana surplus tops $2B after spending cuts

July 14, 2014
Associated Press
The cash reserves for Indiana's state government grew to more than $2 billion after spending cuts by most state agencies and a reduction in state funding for higher education.
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Herff Jones to close division with 110 local workers

July 14, 2014
 IBJ Staff
Indianapolis-based Herff Jones said the move would result in the permanent closure of a facility at 4719 W. 62nd St., where 110 production, support and administrative employees work.
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Regenstrief taps Deloitte to pick up more health care industry clients

July 14, 2014
J.K. Wall
With federal health research funding in decline, Indianapolis-based Regenstrief Institute Inc. wants to make up the difference by serving pharmaceutical companies, medical device makers, health insurers and hospital systems.
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City focuses on streets in $30M natatorium plan

July 14, 2014
Kathleen McLaughlin
Mayor Greg Ballard on Monday morning unveiled details of the plan, in which IUPUI and Lilly Endowment each contribute $10 million for the IU Natatorium renovation. The city's $10 million part of the plan involves nearby streets.
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Hogsett to resign this month as U.S. attorney

July 14, 2014
 Associated Press and IBJ Staff
Joe Hogsett, 58, has long been the subject of rumored bids for both Indianapolis mayor and U.S. senator. His resignation letter on Monday made no mention of future plans.
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  1. How is the private developer going to repay the bonds. Is this going to be a toll road?

  2. As well as a Portillio'S!!!!!!

  3. A Lou Malnati's would be awesome!!!!!!!!

  4. We aren't broke. We just aren't willing to raise revenues for this that we should be raising them.

  5. OK. now that the state is taking illegal immigrants, willing or not. There is a major concern that needs to be addressed. First: School starts here in 3 weeks in most parts of the country and probably in Indiana. So is the state going to vaccinate these kids before they intermingle with our kids in school? The problem we are going to have here in the US and possibly in Indiana is that some of these kids could be carrying health issues or diseases that are pretty much eradicated in the US. This could cause a major health issue in the US. Second: Who is going to pay for this building disaster? We are flat out broke….. Down here in Texas, we have 14 counties that have been so swamped with kids, (numerous thousands of them), they are on the verge of financial collapse. Now this is happening in counties in New Mexico, Arizona and California. The system is massively overloaded. Swine flu has started back up in San Antonio since they have nearly 2500 kids that have been placed there and lice is rampant. Not to be insensitive, but we need to stop this madness. I find it amazing that we cannot take care of our veterans and yet give carte blanche to illegals entering the country. Recently an article mentioned that these kids and teenagers can get on planes without TSA screening? What? What the Hell???? Keep in mind this about protecting our national sovereignty as a nation and also living under the rule of law. Not only the terrorist threat that can come over the border. This is a deliberate and irresponsible and illegal act from administration ignoring the constitutional duty of protecting the borders and also upholding the supreme law of the land. This is a classic Cloward and Piven strategy to overload the system until it collapses.

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