News & Analysis

Judge places Fair Finance into bankruptcy

February 19, 2010
Greg Andrews
A federal trustee will take control of the company's assets while securities-fraud probes continue.
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Airport picks team to study re-use of land at old terminal site

February 19, 2010
Chris O'Malley
The Indianapolis Airport Authority's plan for the next "30 to 50 years" starts with a team tapped Friday morning. Five firms will study ways to use airport property, including the former passenger terminal.
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Apartment developer plans 217 units in Lawrence

February 19, 2010
Cory Schouten
J.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village at the Fort.
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State funding cuts a setback for public stations

February 19, 2010
Scott Olson
The state's eight public television and radio stations, including WFYI in Indianapolis, will not receive their final two installments of public funding for fiscal 2010 because of Indiana's budget crisis.
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Teva gets European OK to sell generic of Lilly's Evista

February 19, 2010
Bloomberg News
Evista generated $1.03 billion in sales last year, of which $348.1 million came outside the United States.
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Blackstone may join Simon's bid for General Growth

February 19, 2010
Bloomberg News
Blackstone Group LP, the world's largest private-equity firm, may join Simon Property Group Inc.'s bid to buy bankrupt General Growth Properties Inc., according to two people with knowledge of the discussions.
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Indianapolis to demonstate plug-in electric vehicles

February 18, 2010
Chris O'Malley
Green watch
                           video iconCity will be among first to conduct demonstration of several plug-in electric vehicles prior to their market launch next year.
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J.D. Power ranks Indianapolis airport best

February 18, 2010
A survey by J.D. Power and Associates has Indianapolis International Airport tops among 64 major airports in the country when it comes to overall passenger satisfaction.
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Kite Realty reports quarterly profit, annual loss

February 18, 2010
Scott Olson
Indianapolis-based developer Kite Realty Group Trust turned a small profit in the fourth quarter, but reported a loss in 2009 amid difficult commercial real estate conditions.
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Foes keep up 31-year fight over central Indiana landfill

February 18, 2010
 IBJ Staff and Associated Press
A developer who has been trying for 31 years to build a central Indiana landfill says he's ready to start construction after receiving a state permit.
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Vortek Surgical moving HQ to Brownsburg, adding 60 jobs

February 18, 2010
 IBJ Staff
Indianapolis-based Vortek Surgical LLC will relocate to Brownsburg, expanding its headquarters, manufacturing and distribution operations and creating more than 60 jobs in the next three years.
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WellPoint rate hikes spark protest in Indianapolis

February 18, 2010
J.K. Wall
Congressman Andre Carson will make remarks Thursday during a public chastising of Indianapolis-based health insurer for 21-percent rate hike on individuals.
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House panel OKs delay in unemployment tax hike

February 17, 2010
Associated Press
An Indiana House committee endorsed legislation Wednesday that would delay for one year increases in taxes that employers pay into the state's bankrupt unemployment insurance fund.
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Mays named to Indiana Utility Regulatory Commission

February 17, 2010
Associated Press
Gov. Mitch Daniels has appointed former Democratic state Rep. Carolene Mays of Indianapolis to the Indiana Utility Regulatory Commission.
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WellPoint, insurance commissioner get earful from lawmakers

February 17, 2010
J.K. Wall
State House insurance committee chair grills executives about WellPoint's 21-percent premium increase for individual policyholders in Indiana.
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Cultural Trail snags $20.5 million stimulus boost

February 17, 2010
Scott Olson
The funds will be used for construction on the remaining 4.5 miles of the $62.5 million project, officials announced Wednesday.
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Bioanalytical Systems reports quarterly loss

February 17, 2010
Bioanalytical Systems Inc., a West Lafayette-based life sciences contract research firm, on Wednesday reported a loss of $1.4 million for its fiscal first quarter.
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Indiana part of national medical school surge

February 17, 2010
J.K. Wall
Marian University's planned medical school is one of two dozen nationally, but budget cuts are forcing Indiana University to retreat on enrollment expansion.
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WellPoint hits bottom with customers

February 17, 2010
J.K. Wall
Even before WellPoint dissatisfied President Obama over its rate increases in California, it wasn't doing so hot satisfying its actual customers, according to the American Customer Satisfaction Index.
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Carmel software consultant acquires Ohio firm

February 17, 2010
Carmel-based Blue Horseshoe has purchased TransTech Consulting Inc., a management consulting firm in Columbus, Ohio.
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Calumet's quarterly profit shrinks on higher oil prices

February 17, 2010
Indianapolis-based Calumet Specialty Products reported a profit of $8.2 million in the fourth quarter, a 56-percent decrease from the same period a year ago.
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General Growth snubs initial offer from rival Simon

February 17, 2010
Cory Schouten
Simon Property Group Inc. will have to wait in line with other potential bidders and raise its offer if it wants to land bankrupt rival General Growth Properties Inc., the Chicago-based company said in a letter late Tuesday.
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Earthbound RV plans Marion plant, 300 jobs by 2013

February 17, 2010
 IBJ Staff
A startup firm that makes fuel-efficient recreational vehicles plans to locate its manufacturing operation in Marion, state officials announced Tuesday night, creating as many as 300 jobs by 2013.
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State lawmakers to probe WellPoint premium hikes

February 17, 2010
J.K. Wall
Three WellPoint executives will be on hand Wednesday morning to answer questions about premium increases on its individual policies, which have risen as high as 39 percent this year.
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Airport ready to embark on redevelopment plan

February 17, 2010
Scott Olson
Indianapolis Airport Authority CEO John Clark revealed Tuesday evening that he is ready to proceed with a plan that could transform the former terminal site into a hub for urban development.
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  1. Yes sir keep cashing those 300K a year checks direct to IMS, while millions disappear from the teams like Rahal's. Guess there wasn't enough ka- ching going around to keep Sarah Fisher in business without their "merger". LOL._____.Meanwhile back in Realville the series with the "best racing in the world" drew what appeared to be about 5000 live spectators ( and probably 1500 of those Target "freebies", and was beaten in the ratings by a series that reportedly consists of "parades" and aired while most people are still sleeping. That will generate those big ka-chings for sure. :-). But, hey, as long as the Speedway gets the cash who gives a damn about the teams?

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  3. If I could actually get the prices...I would do this on my own. We need laws that force provides to publish the costs they will charge. Everyone else gives you the price in advance...except hospitals.

  4. I was under the impression that fencing is not allowed on a front yard and that on a corner, both sides are considered "front" yards, therefore can't be fenced without a variance. Also impedes the visibility for drivers at the intersection. Am I understanding this correctly? Might be why a fence was not included in the plans and a request for a variance will have to be made?.

  5. I was a big fan of Cowards and Carrots, which I got a chance to see at the show. It's currently on Kickstarter, but the designer also put out What's He Building in There last year, which got a fair amount of buzz.

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