News & Analysis

New federal funds come with big goals

May 5, 2010
J.K. Wall
Indiana has now received nearly $50 million in federal bucks to digitize health care around the state. But the latest grant—$16 million to the Indiana Health Information Exchange—comes with specific, ambitious goals for health care providers.
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Reduced production drives Calumet to a loss

May 5, 2010
 IBJ Staff
High crude oil prices and lower production hurt the bottom line at Calumet Specialty Products Partners LP, which Wednesday reported a $13.1 million first-quarter loss. It posted a $75.6 million profit in the first three months of 2009.
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Clarian hospital system to adopt IU name

May 5, 2010
J.K. Wall
Clarian will become Indiana University Health early next year in a bet the IU brand carries more punch statewide and nationally.
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Voters back school-funding plans across central Indiana

May 5, 2010
 IBJ Staff
Voters in Washington Township, Pike Township, Speedway, Carmel Clay and Noblesville approved higher tax rates to help prevent teacher cuts or support building projects.
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Voters turn out in light numbers for Indiana primary

May 4, 2010
Associated Press
The low turnout could be due in part to the number of people who sought ballots early this year. More than 96,000 early and absentee ballots were issued statewide.
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Carson to face Scott in 7th District race

May 4, 2010
Associated Press
Democratic Rep. Andre Carson easily defeated three challengers for his party's nomination in Indiana's 7th District.
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Rokita wins in Indiana's GOP-heavy 4th District

May 4, 2010
Associated Press
The race for Steve Buyer's seat became a three-month sprint among 13 candidates after he announced in late January that he would retire after 18 years in Congress.
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Burton gets another GOP nod in 5th District

May 4, 2010
Associated Press
Dan Burton is seeking his 15th term from the heavily Republican district after narrowly beating former state Rep. Luke Messer.
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Coats wins GOP nomination for Senate race

May 4, 2010
Associated Press
In Indiana this fall, Coats will face Democrat Brad Ellsworth, whose nomination is assured. The candidates are seeking the seat held by retiring Democratic Sen. Evan Bayh.
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Conseco profit edges analyst expectations

May 4, 2010
J.K. Wall
The Carmel-based life and health insurer earned $33.9 million in the quarter, more than 38 percent higher than during the same quarter a year earlier. Nearly all of that increase, however, was due to lower losses on investments and debt modifications.
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General Growth hearing delayed as Simon makes new bid

May 4, 2010
Bloomberg News
General Growth said the hearing before U.S. Bankruptcy Judge Allan Gropper has been moved from Wednesday to Friday.
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Central Indiana gets $16M in health IT stimulus

May 4, 2010
 IBJ Staff and Bloomberg News
The central Indiana area has been selected as one of 15 communities that will share in $220 million worth of grants for pilot projects to test health-care information technology.
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State revenue continues to fall short of projections

May 4, 2010
Indiana has missed budget projections for nine out of the last 10 months. April tax collections hit their lowest mark since 2004.
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Subaru adding production at Lafayette plant

May 4, 2010
Japanese automaker has boosted employment by 200 since August to meet demand for its Outback and Legacy models.
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Denny's proxy fight follows Steak n Shake template

May 4, 2010
Cory Schouten
A group of dissident investors is trying to wrest control of the Denny's restaurant chain using the same formula that led to a successful takeover of Steak n Shake.
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General Hotels lands 5 new properties

May 4, 2010
General Hotels Corp. will manage five more hotels in Indiana and Ohio.
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City targets Georgia Street for $12.5M makeover

May 4, 2010
The project will create an event-friendly corridor from the expanded Indiana Convention Center to Conseco Fieldhouse.
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Fraud scheme nets Indianapolis man 15 years in Texas

May 4, 2010
Louis Simpson bilked investors of $948,500 by claiming to operate a program with the Department of Housing and Urban Development.
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Obama plans tougher rules on for-profit colleges

May 4, 2010
Bloomberg News
The administration is gearing up to produce tougher regulations that may reduce the amount of federal financial aid flowing to for-profit colleges such as locally-based ITT Educational.
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Mass Ave project on verge of approval

May 4, 2010
Tom Harton
The addition of an underground parking garage is likely to get Trail Side off the drawing board and under construction.
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GOP fighting out congressional bids across Indiana

May 4, 2010
Associated Press
In the 5th District, they'll decide whether to pick Rep. Dan Burton for what would make 30 years in Congress. In the neighboring 4th District, the likely replacement for retiring Rep. Steve Buyer will be determined.
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37 contested Indiana House races prelude to November

May 4, 2010
Associated Press
Voters will nominate candidates in more than 30 Indiana House primary races Tuesday, completing matchups for November's general election that will determine control of the narrowly divided chamber.
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Indiana voters choose from 5 seeking GOP Senate nod

May 4, 2010
Associated Press
Indiana Republican voters will decide Tuesday which of five U.S. Senate candidates will represent the party in its fight to take the seat being vacated by Democrat Evan Bayh.
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Simon Property steps up fight for General Growth

May 4, 2010
Bloomberg News
The latest proposal is the Indianapolis-based company's third attempt to buy or gain a piece of the No. 2 mall owner.
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General Growth backs new Brookfield plan over Simon offer, source says

May 3, 2010
Bloomberg News
General Growth Properties Inc. plans to back a revised bankruptcy exit plan proposed by Brookfield Asset Management Inc. over a competing offer by Simon Property Group Inc.
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