News & Analysis

USDA investigating cattle brokerage for bad checks

November 18, 2010
Associated Press
Indiana-based Eastern Livestock Co. may owe more than 700 ranchers across the Midwest, South and West a total of $130 million.
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Community, Westview hospitals in 'strategic alliance' talks

November 18, 2010
J.K. Wall
The form an alliance would take is not clear, but Westview looked for additional resources from city's four major hospital systems.
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Printpack closing 230-worker Greensburg plant

November 18, 2010
 IBJ Staff
More than 200 workers will lose their jobs when packaging materials maker Printpack Inc. will close its Greensburg plant early next year, the company said in a notice filed this week with the state Department of Workforce Development.
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Home Loan Bank sues over losses on $3B mortgage portfolio

November 18, 2010
Cory Schouten
The Federal Home Loan Bank of Indianapolis is suing some of the nation’s largest financial institutions to recover losses on a $3 billion portfolio of mortgage-backed securities.
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Salvation Army hopes technology boosts fundraising

November 18, 2010
Andrea Muirragui Davis
After falling short of its fundraising goal last year, Salvation Army of Indiana is unveiling a text-to-give promotion and a social media campaign in hopes of ringing up gifts from new donors.
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AAR looking to fill 200 aircraft jobs in Indianapolis

November 18, 2010
Chris O'Malley
New business from Delta Air Lines is increasing demand for workers at the aircraft repair center at Indianapolis International Airport.
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Bankruptcy trustee sues Durham art bidders

November 18, 2010
Jim Mackinnon / Akron Beacon Journal
A Florida art dealer who successfully bid more than $260,000 on artwork that once belonged to Fair Finance Co. co-owner Timothy Durham says he canceled the sale. Now he and another big bidder from Philadelphia are being sued by Fair Finance bankruptcy trustee Brian Bash for nonpayment.
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Inventor files suit against local printing business

November 18, 2010
 IBJ Staff
Lawsuit alleges Harding Poorman Group shorted former Discom Technologies owner a percentage of sales after it acquired his company.
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Medical device maker expanding in Fort Wayne

November 18, 2010
L.H. Medical Corp. said it plans to create up to 65 jobs by 2013 and invest $5.4 million to more than triple the size of its manufacturing operations.
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Anthem, critics face off over rate-hike request

November 17, 2010
Associated Press
Anthem, a subsidiary of Indianapolis-based WellPoint Inc., is seeking a 19.9-percent raise for 48,000 individual policy holders in Connecticut, citing escalating health care costs.
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Landmark Theatres purchases Showplace Glendale 12

November 17, 2010
The theater at Glendale Mall will be called Landmark's Glendale 12. Landmark Theatres is co-owned by Mark Cuban, an Indiana University graduate and owner of the Dallas Mavericks.
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City approves Beckman Coulter tax abatement

November 17, 2010
The tax abatement is tied to an expansion in which the company plans to invest $18 million in its Indianapolis operations and add as many as 95 jobs in the next three years.
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Local parking vendor eyes contract with ACS

November 17, 2010
Scott Olson
T2 Systems Inc., which makes software to manage the enforcement of parking violations and the collection of fines, is hopeful it can continue providing the service under a new parking-meter manager.
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Foundation campaign raises $201M for Riley Hospital

November 17, 2010
 IBJ Staff
Riley Children’s Foundation raised $201 million through its “Hope Happens Here” fundraising campaign, the Indianapolis-based not-for-profit announced Wednesday. The money will be used to support Riley Hospital for Children.
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Fiat dealerships rolling back to metro area

November 17, 2010
Chris O'Malley
After a three-decade absence from the market, Fiat is coming back to the Indianapolis area with new dealerships in Carmel and Greenwood.
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Indiana Legislature to broadcast all meetings online

November 17, 2010
Associated Press
All Indiana General Assembly committee meetings will be shown live online in the 2011 session for the first time.
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Central Indiana software firm faces engineer crunch

November 17, 2010
 IBJ Staff and Associated Press
A software company based in central Indiana is going on a 10-city recruiting tour in search of applicants to fill 150 engineering jobs by next spring.
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Lilly scores series of small victories

November 17, 2010
J.K. Wall
The Indianapolis-based drugmaker finally won FDA approval for its antidepressant Cymbalta to treat chronic pain and fended off a patent challenge to rising-star cancer drug Alimta, but got a ratings downgrade on its debt.
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Q&A

November 17, 2010
J.K. Wall
Les Zwirn, executive director of Better Healthcare for Indiana, talked about his group’s progress on promoting community collaborations to improve health and reduce the cost of care in cities around Indiana. BHI is hosting its third health care summit of Indiana community leaders today at Second Presbyterian Church in Indianapolis.
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Greenwood airport board ends contract with private operator

November 17, 2010
 IBJ Staff and Associated Press
The Greenwood Board of Aviation Commissioners will replace Indy Jet Center Greenwood, which had only managed the airport since January, effective Nov. 25.
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State gives Speedway $2.9M for blight cleanup

November 17, 2010
 IBJ Staff and Associated Press
Indiana Lt. Governor Becky Skillman says the grant will pay to demolish old building foundations, deteriorated pavement and concrete slabs in the downtown business district.
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South Bend to lose 250 jobs with Bosch closing

November 16, 2010
Associated Press
Auto parts maker says it will close its South Bend facilities by the end of 2011 and will offer about 170 of the 250 employees who work there jobs in other states.
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Indiana House speaker offers two Democrats committee chairs

November 16, 2010
Associated Press
New Republican Indiana House Speaker Brian Bosma says he's serious about seeking bipartisan support in the upcoming legislative session.
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FedEx launches nonstop flights from China to Indy

November 16, 2010
Chris O'Malley
First nonstop scheduled cargo flights from China are a milestone for Indianapolis International Airport and could attract companies that rely on ready access to Asia.
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Super Bowl workshop targets minority, female firms

November 16, 2010
Scott Olson
The first of three meetings to encourage minority- and women-owned companies to pursue 2012 Super Bowl contracting opportunities is Tuesday evening at the Madame Walker Theatre Center.
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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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