News & Analysis

Obama wants limits on U.S. company mergers abroad

July 24, 2014
Associated Press
President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers.
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Feds cap fines for not buying health insurance

July 24, 2014
Associated Press
Federal researchers predict that about 4 million people, including dependents, could be hit with fines by 2016.
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Indiana receives 245 children caught at U.S. border

July 24, 2014
Associated Press
The U.S. is battling a surge in the number of unaccompanied children who have been fleeing violence in Central America and crossing into the U.S. because they believe they will be allowed to stay.
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Feds scrutinize Indiana for Medicaid backlog

July 24, 2014
J.K. Wall
More than 80,000 Hoosiers had their applications for the Medicaid health benefits stuck in a backlog in May, prompting the federal government to launch a special review next week.
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Judge rules against residents in suit over hog smell

July 24, 2014
Associated Press
A judge has ruled state law protects four large hog farms from lawsuits filed by residents of an eastern Indiana county who complained about waste and foul smells from their operations.
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Allison profit upshifts on North American demand

July 24, 2014
 IBJ Staff
In its second quarter, the Indianapolis-based manufacturer of transmissions and propulsion systems rode accelerating sales for rugged-duty, student transport, and hydraulic fracturing equipment.
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First Internet reports smaller quarterly profit

July 24, 2014
 IBJ Staff
A slide in mortgage-banking income hurt earnings, but net-interest income, commercial loans, deposits and assets were all on the rise.
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NCAA enforcement director defends investigators

July 24, 2014
Associated Press
Two days after Big 12 Commissioner Bob Bowlsby called the NCAA enforcement system overwhelmed and "broken," the Indianapolis-based NCAA's top cop fired back.
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Street performers to make debut in Indianapolis

July 24, 2014
 Associated Press and IBJ Staff
A special project aims to foster the art of street performance in downtown Indianapolis. The project is being promoted by the Arts Council of Indianapolis, Indianapolis Downtown Inc. and arts group IndyFringe.
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Lilly sales, profit drop but beat analysts' expectations

July 24, 2014
J.K. Wall
Indianapolis-based Lilly and Co. lost 17 percent of its revenue during the second quarter as U.S. patents expired on its bestselling drugs Cymbalta and Evista.
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Lake County judge strikes down Indiana right-to-work law

July 23, 2014
Associated Press
Indiana Attorney General Greg Zoeller said he will ask for a stay to prevent the decision from taking effect immediately. A similar case is already pending before the Indiana Supreme Court.
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Sierra Club wants Indianapolis coal plant closed

July 23, 2014
Associated Press
The Sierra Club is pressing Indianapolis' local utility to retire an aging coal-fired power plant that's slated to continue burning coal for at least two more decades.
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Angie's List stock sinks on quarterly loss, downgrades

July 23, 2014
 IBJ Staff
Shares in Angie's List Inc. dropped as much as 24 percent and at least seven analysts downgraded the stock Thursday after the company reported a bigger-than-expected loss in the second quarter on Wednesday afternoon.
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Blood tests for DWI cases costing Hancock County

July 23, 2014
Associated Press
In drunken-driving cases, the same tests prosecutors say have become necessary to successfully convict are also draining an important county budget.
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Job fairs help Duke Energy fill its talent pool

July 23, 2014
Associated Press
The average age of the line technicians who work for Duke Energy Corp. is between 50 and 55 years. Enduring an influx of retirements before it's able to restock its work force with field-ready technicians is a genuine concern.
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Dow Agro reports record second-quarter sales

July 23, 2014
 Bloomberg News and IBJ Staff
Dow AgroSciences LLC posted sales of $1.9 billion in the second quarter, an increase of 3 percent over last year's second period, the Indianapolis-based company reported Wednesday morning.
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Simon profit jumps on improving occupancy, rents

July 23, 2014
The company reported a 20-percent increase in profit in the second quarter as occupancy in its malls climbed to 96.5 percent, prompting Simon to raise its guidance.
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Steel demand feeds shipping boom in Indiana

July 23, 2014
Associated Press
The automotive industry is behind the increase, pushing steel ahead of longtime leaders iron ore and coal.
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UPDATE: Lowe's to invest $20.5M in customer-service center

July 22, 2014
Mason King
The home-improvement retail titan plans to begin hiring immediately for the center on the northeast side, pledging to employ as many as 1,000 workers making wages of $10 to $14 per hour.
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Dueling rulings: Courts split on health law clash

July 22, 2014
Associated Press
President Barack Obama's health care law is snarled in another big legal battle, with two federal appeals courts issuing contradictory rulings on a key financing issue within hours of each other Tuesday.
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Gay couples' lawyers object to full-court hearing

July 22, 2014
Associated Press
Attorneys on either side of a lawsuit over Wisconsin and Indiana's overthrown gay marriage bans are wrangling over how many federal judges should hear the states' appeal.
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Lawmakers approve pair of new license plates

July 22, 2014
Associated Press
A panel of state lawmakers on Tuesday approved license plates recognizing the Indy 500 and Abraham Lincoln under a new system clamping down on the number of special license plates on the road.
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First Merchants acquires Noblesville-based bank

July 22, 2014
 IBJ Staff
Muncie-based First Merchants Corp. has agreed to acquire Noblesville-based Community Bancshares Inc. for about $46 million in stock, the companies announced Tuesday.
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Court nixes Obamacare subsidies for Indiana, 35 other states

July 22, 2014
 Bloomberg News and IBJ Staff
The Obamacare tax credits that brought nearly $400 million to Indiana this year to help Hoosiers buy health insurance could go away after a federal appeals court ruled Tuesday they were illegal.
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Kite Realty to engineer 1-for-4 reverse stock split

July 22, 2014
Mason King
The move will hike the real estate firm's stock price, combining every four shares into a single share. Kite officials hope a double-digit price will give shares a more stable foundation and an image makeover.
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  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

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