News & Analysis

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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Art museum closing design-centered gift shop

December 27, 2010
Kathleen McLaughlin
The Indianapolis Museum of Art will close its design-centered gift shop next year to make way for a display about the Miller house and gardens in Columbus, Ind.
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ITT Educational OKs bonuses to keep managers in place

December 27, 2010
 IBJ Staff
Carmel-based ITT Educational Services Inc.’s management team will get special cash bonuses if they remain with the company until the end of June, ITT disclosed in a regulatory filing last week.
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State's big polluters spewed less last year

December 27, 2010
 IBJ Staff
EPA data show an 18 percent decrease in toxic emissions among big manufacturers and electric utilities, but it's unclear to what degree better practices—or the slow economy—had on declining levels.
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ICVA nearing hotel room-reservation target for 2010

December 27, 2010
Scott Olson
As of mid-December, the Indianapolis Convention & Visitors Association had hit about 93 percent of its 2010 goal of booking 650,000 room nights for future conventions. The group is stepping up its efforts to meet the demands of the new JW Marriott hotel and convention center expansion.
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Daniels, bankers may spar over deposit insurance fund

December 25, 2010
Francesca Jarosz
Elected officials—including Gov. Mitch Daniels—have started eyeing the little-known, $250 million public deposit insurance fund, or PDIF, as a potential way to plug budget gaps next year.
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Not-for-profits hang out consulting shingle

December 25, 2010
Kathleen McLaughlin
Tight budgets are prompting some of the state’s largest not-for-profit organizations to launch new businesses to shore up the bottom line. The Indianapolis Museum of Art, for example, has a contract to manage the airport's art collection.
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Broadbent spins off construction business

December 23, 2010
Cory Schouten
Beleaguered local developer The Broadbent Co. plans to spin out its construction arm as an independent company as of Jan. 1.
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Sound Mind launches its third mutual fund

December 23, 2010
Francesca Jarosz
The Securities and Exchange Commission on Thursday approved the Sound Mind Balanced Fund, a Columbus, Ind.-based mutual fund that aims to cater to conservative investors.
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Economy brightens as consumers spend, layoffs slow

December 23, 2010
Associated Press
The latest data confirm that the economy is improving, even though too few jobs are being created to lower the 9.8 percent unemployment rate.
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Fourth Artsgarden walkway gets final approval

December 23, 2010
Scott Olson
Construction on the walkway that will connect the downtown PNC Center with the Indianapolis Artsgarden should begin in March. Plans to pave the gravel parking lots on the former site of Market Square also received approval.
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Indiana Seed Fund makes 11th investment

December 23, 2010
 IBJ Staff
A $250,000 investment in Aarden Pharmaceuticals will go toward advancing tuberculosis therapy through the pre-clinical development stage.
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CIB seeking bids for stadium, convention security

December 23, 2010
Request for proposals calls for providing 24-hour security at both Lucas Oil Stadium and the Indiana Convention Center, as well as providing armed guards for special events. The CIB plans to award contracts in mid-March.
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Rolls-Royce, Raytheon win $154M in military contracts

December 23, 2010
 IBJ Staff
A pair of Indianapolis military contractors scored new government deals worth a combined $154.4 million, the Department of Defense announced late Wednesday.
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LEADING QUESTIONS: Carson talks Congress, whips, soft rock

December 22, 2010
Mason King
Carson Watch VideoU.S. Rep. Andre Carson on his new duties, earmarks, anti-Islam rhetoric, and his love for smooth tunes.
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Indianapolis Star gets new publisher

December 22, 2010
Cory Schouten
An Arizona newspaper executive is set to take over as publisher of The Indianapolis Star, replacing Michael Kane.
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UPDATE: Aprimo will stay put after $525M acquisition

December 22, 2010
Chris O'Malley
Marketing software company Aprimo Inc. will stay in Indianapolis after being sold for $525 million to Dayton, Ohio-based based data storage giant Teradata Corp., Aprimo CEO Bill Godfrey said Wednesday.
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Strong holiday sales give Finish Line a boost

December 22, 2010
Scott Olson
The company said on Tuesday sales at stores open more than a year rose 4.5 percent from Nov. 28 through Dec. 19 compared to the same period a year ago.
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Centerfield invests in California company

December 22, 2010
Centerfield Capital Partners' investment in Fresh Food Concepts Inc. is the 12th deal from the local venture capital firm's second fund.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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