News & Analysis

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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Some IUPUI adjunct instructors to receive 3-percent raises

November 16, 2010
A coalition representing part-time educators within IUPUI's School of Liberal Arts called for a pay hike after full-time faculty received a similar raise.
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Simon CEO: Mall owner has ‘firepower’ for deals

November 16, 2010
Bloomberg News
Indianapolis-based Simon Property Group Inc., the U.S. shopping-mall owner that paid $2.3 billion this year for an outlet-center business, has plenty of capital for more purchases, CEO David Simon said Tuesday.
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Trail Side project faces another hurdle

November 16, 2010
Tom Harton
A $10 million apartment and retail building planned for 875 Massachusetts Ave. was supposed to have broken ground by now. But difficulty in closing the sale of tax credits that will be used to finance the project could cause the deal to unravel.
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Labor costs being watched at Duke Energy plant

November 16, 2010
Chris O'Malley
Cost pressures could eat away at $2.9 billion Edwardsport project's contingency fund, leaving no room for unexpected costs during startup and testing, Duke told the Indiana Utility Regulatory Commission.
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Court upholds Lilly patent on cancer drug Alimta

November 16, 2010
 IBJ Staff and Associated Press
A U.S. District Court judge on Monday upheld Eli Lilly and Co.’s patent on the cancer drug Alimta, protecting the compound until July 2016. It was a welcome win after a difficult few months for Indianapolis-based Lilly, which is facing a wave of patent expirations in coming years.
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Automotive supplier plans 200 new jobs at Butler plant

November 16, 2010
 IBJ Staff
Multimatic Inc. plans to expand its northeast Indiana production operation, adding new assembly lines as it aims to create over 200 jobs by 2013—more than tripling employment there.
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Indiana environmental activists to push bipartisan agenda

November 15, 2010
Associated Press
Jesse Kharbanda, executive director of the Hoosier Environmental Council, said the new Legislature will make it more challenging to sell environmental initiatives mainly because there are more than two dozen freshmen lawmakers he and others will have to court.
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City-County Council OKs parking privatization

November 15, 2010
 IBJ Staff
City-County Council members voted 15-14 Monday night to clear the way for Indianapolis to lease its parking meters to a private firm, a move proponents say will upgrade the system even as it generates revenue for infrastructure improvements.
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KAR plans to add 249 jobs in Carmel expansion

November 15, 2010
 IBJ Staff
KAR Auction Services Inc. announced Monday night that it plans to expand its Carmel headquarters, creating up to 249 jobs by 2015.
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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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