News & Analysis

Embattled prosecutor Brizzi plans new business

December 31, 2010
 IBJ Staff and Associated Press
Marion County Prosecutor Carl Brizzi said he plans a new business in reputation management. He will also work as an attorney from offices in Hamilton County and Indianapolis.
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Governor wants revamped teacher evaluations

December 31, 2010
Associated Press
Republican Gov. Mitch Daniels and state schools superintendent Tony Bennett say Indiana needs a more honest look at the job teachers and principals are doing.
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Indiana Medicaid cuts likely to be followed by more

December 30, 2010
Associated Press
The Office of Medicaid Policy and Planning has approved a series of emergency rules that it expects to save a total of $4.1 million over the next six months, but that will make up for only a small portion of the $31.4 million shortfall the agency anticipates for the fiscal year.
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Real estate startup hopes to raise millions in stock offering

December 30, 2010
Cory Schouten
A group of local entrepreneurs has filed plans with with the SEC to raise as much as $306 million to buy real estate assets in a so-called "blind pool" stock offering.
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Broadband provider sends troubling financial signals

December 30, 2010
Chris O'Malley
Omnicity Corp. is a half-year behind in payments to a Muncie lender and faces several lawsuits over unpaid bills from companies it acquired.
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Roche acquires Marcadia Biotech

December 30, 2010
Chris O'Malley
Marcadia Biotech Inc., a Carmel-based biopharmaceutical company founded by prominent scientists from Eli Lilly and Co. in 2006, has been acquired by Swiss life sciences giant Roche.
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U.S. unemployment benefit applications drop sharply

December 30, 2010
Associated Press
Applications dropped by 34,000, to 388,000, the lowest number since the week of July 12, 2008. The level of applications has either fallen or remained unchanged in five of the past six weeks.
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Indiana to stop mailing out state income tax forms

December 29, 2010
Associated Press
The State Department of Revenue estimates the change will affect about 1 million taxpayers and save the state about $200,000 in the next fiscal year.
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Lender takes action on Renaissance Bay project

December 29, 2010
Chris O'Malley
An incomplete $150 million development that was supposed to feature 305 luxury condominiums along a 25-acre lake on the north side of Indianapolis has been placed in receivership.
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Emmis pitching in on breach-of-contract lawsuit

December 29, 2010
 IBJ Staff
Emmis Communications Corp. will contribute $200,000 toward legal fees in a lawsuit that company founder Jeff Smulyan's JS Acquisition LLC filed over its failed effort to take the Indianapolis-based media company private.
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NCAA president predicts shrinking athletics revenue

December 29, 2010
Bloomberg News
Revenue growth in college sports' top tier will be held to 3 percent next year as states slash subsidies nationwide, predicts Mark Emmert, president of the National Collegiate Athletic Association.
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Simon lands $4.6B loan to fund offer for London mall owner

December 29, 2010
Bloomberg News
Simon Property Group Inc. has secured a 3 billion pound loan that will give the company the resources to bid for London-based Capital Shopping Centres Group Plc.
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Group questions growth of pharmacy schools

December 29, 2010
J.K. Wall
Two weeks before Manchester College announced a $35 million gift to help open a pharmacy school, a national trade group suggested there are too many pharmacy schools already.
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Q&A

December 29, 2010
J.K. Wall
Bruce Frank, a former Roche Diagnostics manager, McKinsey consultant and pro basketball player, talks about changes in the medical device and life sciences industries.
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Indiana prisons chief heading to Florida

December 28, 2010
Associated Press
Florida Gov.-elect Rick Scott, who takes office on Jan. 4, on Tuesday named Indiana corrections chief Ed Buss to run Florida's massive prison system.
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Mayoral contender Kennedy to leave day job

December 28, 2010
Francesca Jarosz
Democratic mayoral candidate Melina Kennedy will leave her attorney job at law firm Baker and Daniels on Friday to begin campaigning full-time next month.
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State GOP leaders weigh banning required union dues

December 28, 2010
Associated Press
Bills filed in the Indiana House would ban workers from being required to pay union dues.
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Post office issuing Indianapolis 500 anniversary stamp

December 28, 2010
Anthony Schoettle
Ray Harroun, winner of the 1911 Indianapolis 500, will be featured on a U.S. postage stamp this year to commemorate 100 years of racing at the famed Brickyard.
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Water employee: Veolia falsified records to get bonuses

December 28, 2010
Chris O'Malley
Testimony is part of effort to deny Veolia Water $29 million contract termination fee as part of utility sale. Group claims salaried employees owed millions of dollars.
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Duke/Browning team to develop building at new Wishard

December 28, 2010
Tom Harton
The team, which plans to build an office building in the 200,000-square-foot range, beat out six other groups that submitted proposals.
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Hoosier Park parent set to emerge from bankruptcy

December 28, 2010
 IBJ Staff and Bloomberg News
Hoosier Park Racing & Casino’s parent company could emerge from bankruptcy early next year if creditors approve a reorganization plan that’s set for a court hearing in Delaware on Feb. 1.
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Many big companies are hiring, just not in the United States

December 28, 2010
Associated Press
American companies have created 1.4 million jobs overseas this year, compared with less than 1 million in the U.S.
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Baby boomers near 65 with retirements in jeopardy

December 28, 2010
Associated Press
Starting in January, more than 10,000 baby boomers a day will turn 65, but many are facing a personal finance disaster just as they're hoping to retire.
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Rolls-Royce scores $49M military contract

December 28, 2010
 IBJ Staff
Rolls-Royce Corp.’s Indianapolis operation is finishing the year out the way it started—racking up lucrative military deals.
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Santa feeling stays with shoppers after Christmas

December 27, 2010
Associated Press
People hit the stores after Christmas to buy, indulging the rediscovered retail appetite that may have made 2010's holiday shopping season the biggest ever.
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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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