News & Analysis

Investors fear insurers' rosy outlook will boost regulators' scrutiny

July 29, 2010
Bloomberg News
Indianapolis-based WellPoint Inc. became the third U.S. health insurer this month to increase its 2010 profit forecast, stirring investor concern that state and federal regulators may increase scrutiny of industry pricing.
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Kokomo GM plant 'assessing' business operations

July 28, 2010
 IBJ Staff and Associated Press
GM spokesman Kevin Nadrowski says officials at the Kokomo Integrated Circuit Fab plant met with 375 workers Wednesday to say they're "assessing the business model at the plant based on recent business developments."
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Declining attendance forcing Speedway to make changes

July 28, 2010
Associated Press
Three days after witnessing the smallest Brickyard 400 crowd in the race's 17-year history, Indianapolis Motor Speedway CEO Jeff Belskus said he intends to cut ticket prices for about 75 percent of fans at next year's race.
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Frankfort manufacturer to build plant in Tennessee

July 28, 2010
Associated Press
NHK Seating of America's plant in Murfreesboro is expected to employ up to 224 workers when all phases of production are operating in 2015.
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Lilly loses appeal over patent for cancer drug Gemzar

July 28, 2010
 IBJ Staff and Bloomberg News
A U.S. appeals court Wednesday said a lower court was correct to invalidate a patent on the medicine that expires in 2013. Gemzar generated $1.36 billion in global sales in 2009.
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Developer making final push for embattled Uptown project

July 28, 2010
Cory Schouten
Developer Leif Hinterberger has spent five years and most of his savings trying to build a $19M mixed-use project at 49th Street and College Avenue. The project could be in trouble if he doesn't get city support.
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CEO of local chocolate company stepping down

July 28, 2010
Wayne Zink of Endangered Species Chocolate will become chairman of the company's not-for-profit foundation. Chief Operating Officer Curt Vander Meer will replace him as CEO.
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Life sciences deals pick up momentum

July 28, 2010
J.K. Wall
Venture dollars for Indiana life sciences companies are still few, but the flow of deals is picking up. Nine Hoosier companies scored investments totaling $10.4 million during the first six months of the year.
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WellPoint gains confidence as profits rise

July 28, 2010
J.K. Wall
The Indianapolis-based health insurer raised its full-year profit forecast after it earned $722.4 million, 4 percent higher than during the same quarter a year ago. Revenue and health plan membership fell.
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Movie-rental stores are next retail backfill opportunity

July 27, 2010
Tom Harton
Vacant movie-rental stores are beginning to flood the retail real estate market here and elsewhere as the nation’s second-largest chain liquidates and industry goliath Blockbuster Video fights for its life.
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Carmel finishes annexation of Southwest Clay

July 27, 2010
Associated Press
The community about 10 miles north of Indianapolis grew by 8.3 square miles and 8,000 people Tuesday with the long-planned annexation.
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Judge rules against Emmis shareholders, allows sale

July 27, 2010
Shareholders sued to temporarily block the sale of the public company, which is set to be acquired by JS Acquisition LLC, a private company formed by Emmis Chairman and CEO Jeffrey H. Smulyan.
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Feds: Texas pastor misused loan for Indiana church

July 27, 2010
Associated Press
A Houston minister accused of using money borrowed to build a new church to buy a mink coat and a Mercedes Benz missed his initial hearing in Indianapolis on Tuesday.
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Consumer confidence index retreats further

July 27, 2010
Associated Press
Economists watch the Consumer Confidence index closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong recovery.
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Lauth headquarters offered for lease

July 27, 2010
Cory Schouten
Financially troubled developer Lauth Group Inc. is looking for new office space after the company's largest investor took control of the building it now calls home.
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Cummins' profit rises on strong overseas sales

July 27, 2010
Columbus-based diesel engine manufacturer raised its full-year earnings forecast after second quarter profit rose to $246 million.
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Interactive Intelligence reports higher profit, revenue

July 27, 2010
The Indianapolis-based company reported second quarter profit of $2.5 million on increased sales of its business communications software.
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Pennsylvania, Indiana top Nevada in gambling taxes

July 27, 2010
Associated Press
Pennsylvania's tax revenue from commercial casinos approached $1.1 billion in the fiscal year that ended June 30. Indiana was second with $878 million and Nevada third with $831 million.
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Council advances utilities transfer proposal

July 27, 2010
 IBJ Staff and Associated Press
City-County Council members voted 19-10 Monday night to approve Republican Mayor Greg Ballard’s $1.9 billion plan to transfer Indianapolis’ water and sewer utilities to Citizens Energy Group.
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Survey: Many hospital patients in dark about debt-relief options

July 26, 2010
J.K. Wall
Marion County survey finds 80 percent of respondents in debt to local hospitals, with about half saying they were never informed about the availability of charity care or payment plans.
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Old National improves second-quarter performance

July 26, 2010
The Evansville-based bank reported a 9-percent increase in second-quarter profit, helped by a continued reduction in non-interest expenses and growth in commercial loan and business checking account activity.
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Holiday Inn to hit auction block with $1M opening bid

July 26, 2010
Cory Schouten
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month with a suggested opening bid of $1 million.
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Key vote ahead for utilities transfer

July 26, 2010
 IBJ Staff
A plan to transfer the city's water and sewer utilities to Citizens Energy Group faces a key vote Monday night at a meeting of the City-County Council.
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Lawsuit targets Simon's leasing tactics

July 24, 2010
Cory Schouten
One of Indiana’s largest privately held developers is suing Simon Property Group Inc., alleging the nation’s largest mall owner abused its “market power” to bully two national retailers into backing out of leases at a lifestyle mall near Mishawaka.
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Daniels criticized for lopping costs on I-69 extension

July 24, 2010
Chris O'Malley
Detractors of new-terrain route say cost cuts undermine economic development premise for extending the interstate.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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  5. i will love to share my testimony to you all the people in world i got married to my husband about 2 year ago we start having problems at home like we stop sleeping on the same bed,fighting about little things he always comes home late at night,drinking too much and sleeping with other women out side i have never love any man in my life except him. he is the father of my child and i don't want to loose him because we have worked so hard together to become what we are and have today .few month ago he now decided to live me and the kid,being a single mother can be hard sometimes and so i have nobody to turn to and i was heart broken.i called my mom and explain every thing to her,my mother told me about DR.okoro how he helped her solve the problem between her and my dad i was surprise about it because they have been without each other for three and a half years and it was like a miracle how they came back to each other. i was directed to DR. okoro on his email:okorospell@gmail.com and explain everything to him,so he promise me not to worry that he will cast a spell and make things come back to how we where so much in love again and that it was another female spirit that was controlling my husband he told me that my problem will be solved within two days if i believe i said OK So he cast a spell for me and after two days my love came back asking me to forgive him i Am so happy now. so that why i decided to share my experience with every body that have such problem contact Dr okoro the great spell caster on his email addresses spellcasterforlove@outlook.com

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