News & Analysis

Touted Build America Bonds may not be available for utility dealRestricted Content

December 4, 2010
Chris O'Malley
Citizens Energy previously said not using the bonds would add about $100 million to the cost of the deal over 30 years.
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Menard lawsuit entangles businessmen Hilbert, Dick

December 4, 2010
Kathleen McLaughlin
Former Conseco executives Steve Hilbert and Rollin Dick are caught in a bitter legal battle between billionaire hardware king John Menard and his ex-fiancee.
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Izod claims 350-percent return from IndyCar Series

December 4, 2010
Anthony Schoettle
Izod officials said that in 2010, Izod brand awareness increased 10 percentage points, brand familiarity rose 16 percent among 25- to 35-year-old men, and digital impressions increased 20 percent over 2009.
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Abandoned United Airlines repair base now bustlingRestricted Content

December 4, 2010
Chris O'Malley
Seven years ago, United Airlines abandoned the 1.7-million-square-foot aircraft repair base that once employed 3,000 people. Today, the mall-sized complex is humming and is essentially fully occupied.
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Fountain Square turning to first-of-kind tax to fund improvementsRestricted Content

December 4, 2010
Kathleen McLaughlin
A Fountain Square group led by neighborhood business owners hopes to create an “economic improvement district” for the up-and-coming neighborhood, where additional tax revenue could be used for everything from litter cleanup and marketing to capital improvements.
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IU tries new tack in online educationRestricted Content

December 4, 2010
J.K. Wall
Traditional colleges like Indiana University know they must shift to more online learning options or else lose students to upstart competitors using digital technology to offer college curriculum at greater convenience.
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Foreclosed-property care sparks fight over who's responsibleRestricted Content

December 4, 2010
Francesca Jarosz
Lawmakers might address in the upcoming legislative session the controversy over who is responsible for upkeep on foreclosed properties.
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WTHR winner during November sweeps period

December 3, 2010
Scott Olson
Channel 13 received a huge ratings boost at 11 p.m., enabling it to surpass WISH-TV Channel 8 as the most-watched newscast during that time. WTHR's newscast retained its lead in several other time slots, although audience numbers dipped, enabling competitors to close the gap.
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INSIDE DISH: Irvington favorite breaks off slice for Greenwood

December 3, 2010
Mason King
Jockamo Watch
                           VideoThe owners of Jockamo Upper Crust Pizza had seen other local eateries sink after expanding. They weighed many risks before pulling the trigger.
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Factory orders sink for first time since June

December 3, 2010
Associated Press
Factory orders declined 0.9 percent in October, the Commerce Department reported Friday. It was the first setback since June and the biggest decline since a 1.8-percent fall in May.
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Children's choir founder taps protege

December 3, 2010
Kathleen McLaughlin
Indianapolis Children's Choir founder Henry Leck has named Josh Pedde as the first assistant artistic director in the 25-year history of the not-for-profit organization.
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UIndy rolls out new Lugar Center scholarship program

December 3, 2010
The program will award $10,000 per school year to each of 10 incoming students who attend the annual Richard G. Lugar Symposium for Tomorrow's Leaders.
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Two more WellPoint executives set to depart

December 3, 2010
Associated Press, J.K. Wall
Chief Actuary Cynthia Miller and Chief Strategy Officer Bradley Fluegel—both of whom were prominent during the health reform debate—are leaving the health insurance giant.
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World Bank chief: U.S. still good place to invest

December 3, 2010
Scott Olson
Robert Zoellick, who was set to address the Economic Club of Indiana on Friday, doubts the United States' debt problems will become as severe as the crisis in Europe and said the U.S. is still a good investment for foreign countries.
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Jobless rate rises to 9.8 percent as U.S. job growth slows

December 3, 2010
Associated Press
With hiring so weak, the unemployment rate rose from 9.6 percent to 9.8 percent. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record.
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Indiana revenue shows slight gains in November

December 2, 2010
Associated Press
Indiana's finances showed signs of life in November as growth in sales and individual income tax collections helped bring in $49 million more than projected in the most recent revenue forecast.
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UPDATE: City Market has tentative deal with longtime tenant

December 2, 2010
Scott Olson
City Market operators have reached a tentative deal to settle a dispute with Grecian Garden's owners after alleging the eatery was late on its rent payments for several months. Details of the agreement were not disclosed.
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USA, Indianapolis lose out on 2022 World Cup

December 2, 2010
Associated Press
Qatar was selected as host of the 2022 World Cup, beating out a bid by the United States to bring soccer's showcase back to America for the first time since 1994.
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Ice Miller elects new chief managing partner

December 2, 2010
Phillip L. Bayt assumes leadership of the firm, which also elected two new deputy managing partners. Bayt currently chairs Ice Miller's real estate practice.
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Credit counselor to merge with Ohio-based network

December 2, 2010
J.K. Wall
Momentive Consumer Credit Counseling Service Inc. has agreed to be absorbed by Ohio-based Apprisen Financial Advocates, as financial pressures in the industry push not-for-profit agencies to become larger.
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Local GM stamping plant layoffs to begin next month

December 2, 2010
 IBJ Staff
It’s official: General Motors will begin shutting down its Indianapolis metal-stamping plant Jan. 28, with an initial wave of layoffs that will cost 75 workers their jobs.
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North of South financing clears first hurdle

December 2, 2010
Scott Olson
The Metropolitan Development Commission has approved an $86 million city loan to help fund the $155 million mixed-used development near the downtown campus of Eli Lilly and Co. The project still needs approval from the City-County Council.
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Jobless claims tick up again

December 2, 2010
Associated Press
Difficulties adjusting for the Thanksgiving holiday contributed to last week's spike in new applications, a government analyst said. The four-week moving average of claims, which smooths volatility, fell to 431,000 last week, a two-year low.
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Local coatings company plans expansion, 50 hires

December 2, 2010
 IBJ Staff
Locally based KECO Engineered Coatings Inc. has acquired a second location in Indianapolis where it plans to invest $1 million and hire 50 employees by 2013, the company announced Thursday morning.
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Rising Medicaid costs for Indiana mean service cuts likely

December 1, 2010
Associated Press
Indiana lawmakers likely will cut some Medicaid-provided services in the upcoming legislative session after learning Wednesday that the state's share of government health insurance program costs will balloon by $1.1 billion over the next two years unless checked.
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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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