News & Analysis

WFBQ parent axes 'Bob & Tom' producer

July 9, 2010
Scott Olson
Programming executive and producer Marty Bender was let go from the popular radio show in apparent budget-cutting move.
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City receives $4.9 million for homeless initiatives

July 9, 2010
Federal funds will help provide 69 additional beds in three Indianapolis locations, including a large apartment complex on the east side.
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INSIDE DISH: Tulip Noir owner learns as she goes

July 9, 2010
Mason King
TulipNoir Watch VideoDina Romay-Sipe, a designer turned novice restaurateur, cooked up Tulip Noir from scratch. Good advice along the way: Stick to your budget, pay your bills, and get it in writing.
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New Jersey names Indiana's Walsh to head investment division

July 8, 2010
 IBJ Staff and Bloomberg News
Timothy Walsh will take over a $68 billion pension fund, eight times larger than the $8.5 billion Indiana State Teachers Retirement Fund he headed since 2008.
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Regenstrief names new CEO

July 8, 2010
J.K. Wall
Dr. Bill Tierney will replace Dr. Tom Inui on Oct. 1 at helm of Indianapolis-based medical research organization.
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Sales-prospecting firm expects to triple employment in 2010

July 8, 2010
Peter Schnitzler
Locally based consultancy LeadJen had 20 employees in January. Halfway through the year, the company already has hired 20 more, and President Jenny Vance expects to add another 20 over the next six months.
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Super Bowl Host Committee beefs up its staff

July 8, 2010
Three of the six additions are executives on loan from the Indiana Sports Corp. and the Indianapolis Convention & Visitors Association.
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Secondary lender sues Chase over fire sale

July 8, 2010
Kathleen McLaughlin
Indiana Community Business Credit Corp. alleges breach of contract after JP Morgan Chase auctioned off assets of American Sentry Guard of Greenwood.
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Westfield's proposed Symphony development under review

July 8, 2010
 IBJ Staff and Associated Press
The Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include thousands of homes, shops, a YMCA and a baseball stadium.
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Canadian chip maker locating U.S. HQ in Fort Wayne

July 8, 2010
Saratoga Potato Chips plans to create 175 jobs in the northeastern Indiana city by 2013 and will begin hiring later this year.
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Ex-owner of cemeteries gets prison time

July 8, 2010
Associated Press
Robert Nelms, ex-owner of cemeteries in four states, including Indiana, has been sentenced to between 32 months and 10 years in prison for embezzling $4.2 million from a Grand Rapids cemetery.
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Harlan Bakeries planning $9.7M expansion

July 7, 2010
Kathleen McLaughlin
Harlan Bakeries plans to expand its Georgetown Road production facility by 65,000 square feet to make a new line of products—creating 43 jobs in the process.
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Medical device firm eyeing Indianapolis growth

July 7, 2010
Greatbatch Medical wants to expand its facility on the east side of Indianapolis to accommodate its entrance into the orthopedics market. The New York-based company specializes in cardiovascular products.
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LEADING QUESTIONS: Telamon CEO adopts unorthodox style

July 7, 2010
Mason King
LQ Chen Watch VideoAlbert Chen, founder of Telamon Corp., revels in a messy desk, espouses the benefits of humility, and admires Warren Buffett.
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Taco trio takes unusual road to entrepreneurship

July 7, 2010
Scott Olson
Former soldier, disc jockey and nurse get off to a fast start selling hand-held food from a mobile unit.
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Farmers Bank opening two branches in Hamilton County

July 7, 2010
Frankfort-based bank plans to open locations in Fishers and Noblesville as part of its plan to expand its presence in Hamilton County.
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Health reform rule could cost WellPoint

July 7, 2010
J.K. Wall
WellPoint Inc. has about $800 million riding on one arcane rule: how to calculate a medical loss ratio. The ratio quantifies the percentage of customers’ premiums were spent on medical care, rather than overhead or profits.
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Lilly's Lechleiter: No change in plans

July 7, 2010
J.K. Wall
The global financial press keeps asking John Lechleiter for his end-game strategy to survive Eli Lilly and Co.'s nightmarish patent challenges. And, like a broken record, the Lilly CEO keeps giving the same answer: pipeline, pipeline, pipeline—no mega-merger.
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Solar panel maker must prove low production cost

July 7, 2010
Kathleen McLaughlin
The company says it will hire 900 to 1,200 people in Indiana, but first, it must focus on successfully scaling up its existing facility in Colorado.
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Former loan officer charged with falsifying documents

July 6, 2010
Prosecutors say Robert Tolle falsified a construction progress inspection report while at Old National Bank. He faces a maximum 30-year prison sentence and $1 million fine.
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Indiana mine operation to close

July 6, 2010
Peabody will close mine south of Terre Haute by mid-September, but a majority of the workers will move to jobs in other mining operations.
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Men on Viagra, Cialis show triple rate of sex diseases in study

July 6, 2010
 IBJ Staff and Bloomberg News
The findings suggest that users of drugs to treat erectile dysfunction, including Eli Lilly's Cialis, may be more likely to engage in unsafe sex than nonusers.
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Pearson ad agency closing after more than three decades

July 6, 2010
Scott Olson
CEO Ron Pearson attributed the decision to the difficult economic conditions. The firm was hit particularly hard in 2007, when it lost a $20 million HHGregg advertising account.
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Local attorney elected U.S. Libertarian Party's vice chairman

July 6, 2010
Peter Schnitzler
Mark Rutherford wants America's third-largest political party to make inroads by showing competence at the grassroots level of government.
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Broad Ripple baker opens downtown coffee shop

July 6, 2010
Kathleen McLaughlin
Rene's Bakery Inc. of Broad Ripple opened its first satellite location, Cafe Rene, Tuesday morning at 50 S. Meridian St.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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