News & Analysis

Mattel may build Hot Wheels track at IMSRestricted Content

January 29, 2011
Anthony Schoettle
IndyCar Series and Indianapolis Motor Speedway officials are working on a deal with California-based Mattel Inc. to build a life-size Hot Wheels track in the Speedway’s infield in conjunction with the centennial running of the Indianapolis 500 this May.
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Firms put off paying, despite easing financial pressure

January 29, 2011
Norm Heikens
The trend toward small businesses' delaying payments appears to have leveled off, but it's still unclear how soon—or even whether—receivables will return to the 30 days that was standard for most businesses before the recession began in December 2007.
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Mini Thin marketer slapped with suitRestricted Content

January 29, 2011
Kathleen McLaughlin
A Carmel man whose Mini Thin dietary supplement was sold through convenience stores nationwide before the government banned its active ingredient now faces allegations of bankruptcy fraud.
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Charter school's nimble approach could become the norm

January 29, 2011
Francesca Jarosz, J.K. Wall
Indianapolis Metropolitan High School implemented a school-wide overhaul in its educational approach in only three months. The charter school might be the face of the future for all Indiana public schools.
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Judges to hear challenge to state’s alcohol permit process

January 28, 2011
Scott Olson
A panel of Indiana Court of Appeals judges on Monday will consider a complaint from the Indiana Association of Beverage Retailers, which insists too many competing drugstores are receiving beer permits.
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King Systems' two top execs exit company

January 28, 2011
Scott Olson
An executive at the Noblesville firm's parent company said the departures of CEO Don Dumoulin and Chief Financial Officer Yun Kim were the result of a "mutual agreement." A search is under way for replacements to lead one of the area's largest medical device manufacturers.
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Westfield sports complex scores deal with youth baseball group

January 28, 2011
Francesca Jarosz
City officials hope landing the Lids Indiana Bulls as a tenant at the planned Grand Park Sports Campus will help drive thousands of visitors to the 300-acre site—and nearby businesses.
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Interactive Intelligence reports higher profit, revenue

January 28, 2011
A rise in large orders enabled the business-communications software firm to more than double profit to more than $10.4 million in the fourth quarter. Revenue leaped 41 percent, to $50.7 million.
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Marketing firm VMS plans growth, new jobs

January 28, 2011
 IBJ Staff
Event-planning powerhouse VMS Inc. plans to invest more than $1.5 million to expand its Indianapolis life sciences marketing operation and create as many as 102 jobs over the next four years, state officials said Friday morning.
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Pence won't run for president; no word on governor's race

January 27, 2011
Associated Press
U.S. Rep. Mike Pence said Thursday he won't seek the Republican nomination for president in 2012 because he wants to focus on issues "closer to home" — a message some supporters are interpreting as his clearest sign yet that he'll run for Indiana governor.
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Indiana Health Information Exchange hires new CEO

January 27, 2011
Scott Olson
Harold Apple takes over for J. Marc Overhage, who will remain with the organization as its chief strategic officer and national policy adviser. IHIE is one of four operational exchanges in Indiana that allows for the sharing of medical records electronically.
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Local Tea Party group takes aim at Carmel mayor

January 27, 2011
Francesca Jarosz
A new Carmel-based Tea Party group, the Constitutional Patriots, has set its sights on Carmel Mayor Jim Brainard, taking issue with his spending on projects like the $170 million Center for the Performing Arts.
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Senate to consider ban of texting while driving

January 27, 2011
Associated Press
Previous attempts to ban texting while driving have cleared the House but met resistance from conservative leaders in the Senate. It will get a hearing this year, Sen. David Long said.
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Aerospace firm plans to add 159 engineering jobs

January 27, 2011
 IBJ Staff
Aero Engine Controls plans to invest as much as $8.5 million to expand its operations near Indianapolis International Airport, adding up to 159 jobs over the next two years.
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Duke Realty reports strong year-end results

January 27, 2011
Cory Schouten
Duke Realty Corp. reported a fourth-quarter profit almost 70 percent above last year's figure as it closed out its best leasing year since 2007 and finished with its highest annual portfolio occupancy rate since 2004.
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Lilly's fourth-quarter profit surges, topping analysts' predictions

January 27, 2011
J.K. Wall
The Indianapolis-based drugmaker earned $1.2 billion in the quarter, compared with $915 million in the same period a year ago. Profit per share beat Wall Street forecasts by a penny.
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U.S. says new rules would cut thousands of coal jobs

January 26, 2011
Associated Press
The Obama administration's own experts estimate their proposal for protecting streams from coal mining would eliminate thousands of jobs and slash production across much of the country
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Sony moving 150 jobs to Terre Haute plant

January 26, 2011
Associated Press
A plant closing in New Jersey will result in 150 jobs moving to Sony DADC's factory in Terre Haute.
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Bren Simon fires attorneys in estate dispute, appeals ruling

January 26, 2011
Cory Schouten
Bren Simon is poised to replace her outside legal team in favor of a heavy hitter from Chicago as she appeals two courtroom setbacks in Hamilton County.
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Scholarship bill raises questions about minors on campus

January 26, 2011
Francesca Jarosz
As Indiana lawmakers ponder a bill that would give high school students an incentive to graduate early, state university leaders are bracing for the possible impact—an influx of minors onto their campuses.
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Bill advances to set 40 as Indiana's alcohol ID age

January 26, 2011
Associated Press
The bill would change a much-ridiculed law that took effect last summer requiring everyone — regardless of age — to be carded for carryout alcohol.
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Emmis still facing NASDAQ-delisting danger

January 26, 2011
Scott Olson
After an eight-day trading stretch in which its shares traded above $1 each, Emmis stock fell to 97 cents on Tuesday, below an important NASDAQ exchange threshhold.
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LEADING QUESTIONS: Inside the mind of Scott Jones

January 26, 2011
Mason King
LQ_JOnes_WatchVideoDid the serial entrepreneur really "invent" voice mail? What's his tie to "Dr. Dunkenstein"? Why is lemonade so crucial? The CEO of ChaCha Search has answers.
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Cat Logistics to lay off 84 in Greenfield

January 26, 2011
 IBJ Staff
Caterpillar Logistics Inc. plans to permanently lay off 84 employees from a facility in Greenfield, where it handles distribution services for Irwin Industrial Tools.
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Life sciences to drive Purdue's next decade of building

January 26, 2011
J.K. Wall
Over the past 10 years, Purdue University has built Discovery Park into a thriving research and business incubation center, launching more than 30 companies and hosting dozens more. Now Purdue will spend more than $164 million to construct a Life and Health Sciences Quadrangle next to Discovery Park.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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