News & Analysis

Gen Con Indy expects to draw 28,000 gaming fans

August 4, 2010
 IBJ Staff and Associated Press
Gen Con Indy runs Thursday through Sunday at the Indiana Convention Center. It's in its 42nd year.
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Indiana state revenue falls short of projections again

August 4, 2010
Associated Press
The State Budget Agency reported Wednesday that Indiana collected $917 million in July, $15 million below the most recent revenue projections.
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Smulyan considering another option to take Emmis private

August 4, 2010
Scott Olson
The communications company said in a news release that CEO Jeff Smulyan is continuing to negotiate with a group of preferred shareholders and is considering another buyout option that would not require their consent.
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Indiana company planning hybrid van gets GM backing

August 4, 2010
Associated Press
Anderson-based Bright Automotive is getting a boost from a $5 million investment by General Motors' new venture capital arm.
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Hillenbrand profit falls on acquisition costs

August 4, 2010
 IBJ Staff
Excluding acquisition costs, the Batesville-based maker of caskets exceeded Wall Street forecasts with earnings of $28.1 million.
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Indiana Downs cancels horse races after complaints

August 4, 2010
 IBJ Staff and Associated Press
The Shelbyville track's final race on Monday was canceled after a horse pulled up lame and was later euthanized. The track canceled its full card of Tuesday races.
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Former commerce chief lands at local company

August 4, 2010
Scott Olson
Nate Feltman, former state secretary of commerce, has left his partnership position at Baker & Daniels LLP to become president of Home Health Depot LLP, a growing home-medical-equipment supplier.
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LEADING QUESTIONS: Education guru's back-to-school advice

August 4, 2010
Mason King
LQ_Merisotis_Watch_VideoCollege costs continue to soar, putting more pressure on students. Jamie Merisotis, CEO of the Lumina Foundation, offers advice on how to keep them enrolled and engaged in school.
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Calumet see smaller loss in second quarter

August 4, 2010
 IBJ Staff
The Indianapolis-based owner of oil refineries lost $907,000 in the three months ended June 30. In the same quarter last year, the company lost $26 million.
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Consumers facing record prices for bacon

August 4, 2010
Bloomberg News
The U.S. hog-breeding herd is near the smallest on record, and wholesale pork-belly prices are up 72 percent in the past year, to the highest price since at least 1998.
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Analyst: Arcadia sales poised to take off

August 4, 2010
J.K. Wall
Arcadia Resources’ DailyMed business will grow revenue 10-fold in the next three years and push the Indianapolis-based company into profitability, according to a research report by the first analyst to officially cover the company.
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Q&A

August 4, 2010
J.K. Wall
Dr. Michael Meneghini, 37, became the first orthopedic surgeon at the Indiana Clinic when he joined last month. Until two years ago, he worked mainly at St. Vincent hospitals. After a two-year stint at the University of Connecticut Health Center, Meneghini returned to Indianapolis to be near family.
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Republic Airways profit dips despite higher revenue

August 4, 2010
 IBJ Staff
The 2009 acquisition of Frontier and Midwest airlines more than doubled second-quarter revenue for Indianapolis-based Republic Airways Holdings Inc., the company said late Tuesday, but profit fell because of additional expenses.
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Revenue, earnings up for KAR Auction Services

August 4, 2010
 IBJ Staff
The company had revenue of $470 million in the quarter ended June 30, a 7-percent increase over the $439.1 million it reported in the same quarter of 2009.
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UPDATE: Emmis postpones buyout decision

August 3, 2010
Scott Olson, J.K. Wall
Emmis Communications Corp. on Tuesday postponed a decision on CEO Jeff Smulyan's bid to take the company private, saying it did not receive enough votes from shareholders to reach a quorum.
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CNO Financial profits surge 20 percent, beating expectations

August 3, 2010
J.K. Wall
The Carmel-based life and health insurer earned $33.1 million in the three months ended June 30, or 12 cents per diluted share. Excluding losses on investments and retired debt, the company would have earned 16 cents per share.
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Trustee: Durham used Fair funds for gambling, donations

August 3, 2010
Greg Andrews, Associated Press
The bankruptcy trustee said Durham spent $2.8 million on gambling and resorts, $3.3 million on interior decorating and $14 million on real estate.
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Seven cab companies denied licenses

August 3, 2010
The city of Indianapolis' Department of Code Enforcement rejected the applications largely because the companies didn't have a dispatch facility or didn't have employees to staff a facility.
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Emmis shares skid ahead of buyout vote

August 3, 2010
J.K. Wall
Opposition by preferred shareholders has Emmis shares trading at more than 30 percent below the buyout price of $2.40 per share.
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Bank trying to sell former home of Premier Properties founder

August 3, 2010
Cory Schouten
A Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an asking price of $1.48M.
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Wellness-based development would be first of kind here

August 3, 2010
Tom Harton
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
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Construction

August 3, 2010
Tom Harton
-Browning Construction has broken ground on a 60,174-square-foot diagnosis, education, treatment and surgery center for Indiana Spine Group at 13225 N. Meridian St. The project is scheduled to be completed in September 2011.  

-Shamrock Builders-Commercial has completed construction of a 6,154-square-foot dental office for Daniel S. Martin at 1000 W. Jefferson St., Franklin.
 
-Shamrock Builders-Commercial has completed a 2,125-squhttps://admin.ibj.com/admin/article/workflow/claim?articleId=21452#are-foot tenant build-out for Synapse Neuromonitoring at East 10th Street and Mitthoeffer Road.
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Dow Agro boosts sales, profit in second quarter

August 3, 2010
 IBJ Staff and Bloomberg News
Indianapolis-based Dow AgroSciences improved sales and profit in its second quarter thanks to higher volumes and lower costs, the company said Tuesday morning.
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WellPoint, peers focus on health reform rules, campaign

August 3, 2010
Bloomberg News
WellPoint Inc., UnitedHealth Group Inc. and three other health insurers, criticized by Democrats during the health care reform debate, are seeking to influence how the new law will be implemented, and possibly change it, by campaigning for supportive congressional candidates.
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IU gets $9.2 million grant for 2 global networks

August 3, 2010
Associated Press
Indiana University has won a $9.2 million federal grant to lead two high-speed global networks intended to boost scientific collaborations between U.S., European and Asian researchers.
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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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