News & Analysis

Approval of college-aid overhaul to shake Sallie Mae

March 22, 2010
 IBJ Staff and Associated Press
The legislation, piggybacked to the health care bill that passed Congress Sunday night, could also mean major job losses for Sallie Mae, which employs about 2,400 people in Indiana, including 1,700 in Fishers.
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Reform offers risk, opportunities for Lilly, WellPoint

March 22, 2010
 IBJ Staff and Bloomberg News
Drugmakers and insurers could gain millions of customers under the legislation, but the industry also will pay new fees and face stricter rules that may shrink profit and fuel mergers.
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Insurer lending $7M for east-side Super Bowl project

March 22, 2010
Scott Olson
The aim is to spur redevelopment on the city's blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
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ITT 'buying accreditation' strategy makes critics uneasy

March 22, 2010
Bloomberg News
ITT Educational Services and other for-profit educators are buying not-for-profit colleges to gain access to their regional accreditation. The tactic could fuel rapid growth but makes critics uncomfortable.
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Congress passes historic health care bill

March 21, 2010
Associated Press
To pay for the changes, the legislation includes more than $400 billion in higher taxes over a decade, roughly half of it from a new Medicare payroll tax on individuals with incomes over $200,000 and couples over $250,000.
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Moonlighting may be on rise among cash-strapped teachers

March 21, 2010
Associated Press
Teachers have traditionally taken summer jobs, but union claims more are working evenings and weekends during the school year.
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Attorney selected to fill Plowman's City-County Council seat

March 20, 2010
Associated Press
Republican precinct committee members selected a replacement of Lincoln Plowman, who resigned earlier this month.
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Animal shelter tries to improve under new leader, tight budget

March 20, 2010
Peter Schnitzler
Indianapolis' new public safety director says the city's pound is woefully underfunded. But he also takes umbrage at critics who call it a dirty death row for unwanted cats and dogs.
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Trucking firms shift gears to weather long downturnRestricted Content

March 20, 2010
Chris O'Malley
Logistics companies have found the last few years an unparalleled challenge. If it wasn't higher fuel prices, it was softening business in key sectors, such as the automotive industry. Fewer goods to move created overcapacity and softened rates.
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Indiana food manufacturers ramp up safety precautions

March 20, 2010
Kathleen McLaughlin
The peanut-borne salmonella outbreak of 2009 raised awareness about the risk of illness from unlikely sources. Unfortunately, that wasn’t the last time a seemingly innocuous ingredient made people sick, and prompted recalls.
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Prosecutor Brizzi defends no-cost real estate deal

March 20, 2010
Cory Schouten
Marion County Prosecutor Carl Brizzi paid nothing for a 50-percent stake in an Elkhart office building he acquired with a local defense attorney.
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Big guns behind Allos Ventures tech fund

March 20, 2010
Chris O'Malley
The region’s blossoming technology sector is about to get another shot of financial fertilizer. The newly formed Allos Ventures has raised $20 million from investors and plans to focus on early-stage tech companies.
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Indy Partnership aims to double economic development dealsRestricted Content

March 20, 2010
Peter Schnitzler
The organization last year closed 11 business expansion or attraction deals, netting 2,950 new jobs in the process.
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City, NCAA forge 30-year event pact

March 20, 2010
Anthony Schoettle
It started as a meeting seven years ago between the NCAA, city and state officials, representatives of the Indiana Sports Corp. and a few others. The result was an agreement assuring Indianapolis hosts a major NCAA event every year between now and 2039.
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Year delay in unemployment tax hike won't satisfy Uncle SamRestricted Content

March 20, 2010
Peter Schnitzler
Hoosier legislators are crowing about the deal they just brokered to delay a $400 million state tax hike meant to shore up Indiana's bankrupt Unemployment Insurance Trust Fund. Here's what they're not touting: the mandatory federal tax increases every single business in Indiana now faces the next three years.
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Sales slowdown prompts biz model change at WeblinkRestricted Content

March 20, 2010
Chris O'Malley
Software maker took abrupt turn into advertising for its customers when recession threatened.
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Thousands of teachers losing jobs, union says

March 19, 2010
Associated Press
Indiana State Teachers Association forecasts up to 5,000 teachers may lose their jobs. That's about 8 percent of public school teachers statewide.
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Shriners weighing legal options against Live Nation

March 19, 2010
Kathleen McLaughlin
Group that owns downtown's Murat Theatre is considering legal options to prevent the venue's name from changing to Old National Centre.
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Old National cut CEO's pay 10.6 percent last year

March 19, 2010
Peter Schnitzler
The Evansville-based bank, the largest financial institution headquartered in Indiana, awarded Robert Jones $1.2 million in total compensation last year, or $146,177 less than in 2008.
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Blue Bell ice cream coming to Indianapolis

March 19, 2010
Scott Olson
Texas-based Blue Bell Creameries will begin selling its ice cream in nine metropolitan Meijer stores beginning April 5. Distribution will be assisted by the building of a 12,000-square-foot facility on the northwest side.
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Ex-exec accuses JA of withholding retirement funds

March 19, 2010
Victor George filed suit in federal court, alleging Junior Achievement failed to properly remit money to his retirement and health-savings accounts.
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Democrat stalwart Hogsett said to be U.S. attorney nominee

March 19, 2010
Scott Olson
The U.S. Attorney's office in Indianapolis has been without a presidentially appointed U.S. attorney for more than two years. Joe Hogsett, a former secretary of state, is likely the frontrunner.
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Home builder officially declares bankruptcy

March 19, 2010
Indianapolis home builder Hansen & Horn Group Inc. has officially declared bankruptcy after owners agreed to liquidate the company earlier this month.
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Anderson schools might cut 200-plus jobs

March 19, 2010
Associated Press
A central Indiana school district could see 20 percent of its jobs cut for next school year as it works to close a multimillion-dollar budget deficit.
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City economic development office hires international leader

March 19, 2010
Peter Schnitzler
Former Indiana Economic Development Corp. project manager will focus on developing business relationships with European companies.
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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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