News & Analysis

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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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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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

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