News & Analysis

Conseco name lives on at downtown arena

December 18, 2010
Anthony Schoettle
CNO Financial Group appears to have backed away from plans to change the name of the Indiana Pacers home it sponsors, Conseco Fieldhouse, even though the company no longer uses the Conseco name.
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Clarian off to slow start in insuranceRestricted Content

December 18, 2010
J.K. Wall
Clarian Health got few takers in its first year offering a health care benefits program to large employers, but the Indianapolis-based hospital system is undeterred in growing its budding insurance services business.
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Governor seeking leeway on road dealsRestricted Content

December 18, 2010
Francesca Jarosz
Gov. Mitch Daniels’ legislative priorities for next year include putting guidelines into law that would allow the state to more broadly use the private sector to design, finance or operate public infrastructure.
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Holy Cross startup sees plenty of room for more craft brewers

December 18, 2010
Cory Schouten
A startup brewery called Flat 12 Bierwerks has ignited a revival along lonely Dorman Street in Holy Cross, one of the city’s oldest neighborhoods.
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OneAmerica moves beyond small employers, eyes big retirement plansRestricted Content

December 18, 2010
J.K. Wall
OneAmerica Financial Partners Inc. last month launched an insurance product aimed at landing far larger retirement plans than it has served before, and significantly growing its assets.
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Airport consultant presents long-term land-use plan

December 17, 2010
Much-hyped study won't portend immediate investment, but will help steer development on and around airport through 2040.
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UPDATE: Regional bank shares rally on M&I Bank deal

December 17, 2010
Cory Schouten
Shares in regional banks are rallying after Canada's BMO Financial Group agreed to acquire Marshall & Ilsley Corp. in an all-stock deal.
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INSIDE DISH: Saffron Cafe surges in second year

December 17, 2010
Mason King
Dish Saffron Watch VideoAfter a $150,000 startup and skin-of-their-teeth opening in 2009, sales at downtown's Moroccan eatery have spiked as word has spread.
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State unemployment rate dips to 9.8 percent

December 17, 2010
 IBJ Staff
Indiana's jobless rate dropped for the second month in a row and has decreased four-tenths of a point since hitting 10.2 percent this summer.
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Canadian bank to acquire Marshall & Ilsley for $4.1B

December 17, 2010
 IBJ Staff and Bloomberg News
M&I has about 30 branches in the Indianapolis area and controls about 6 percent of the market's bank deposits, according to the Federal Deposit Insurance Corp. The bank is ranked sixth among area banks in terms of employment, with about 400 workers.
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Rolls-Royce scores more military business

December 17, 2010
 IBJ Staff
Rolls-Royce Corp. landed more than $100 million in new business this week, winning two contracts to provide support for aircraft engines it makes in Indianapolis for the U.S. Army and Navy.
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State reaches deal on coal-gasification plant

December 16, 2010
Associated Press
The state's finance authority said Thursday that it reached a 30-year deal to buy synthetic natural gas from a coal-gasification plant planned for southern Indiana, marking the first time the state has entered into such a venture.
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Toxic chemical releases decrease 18 percent in Indiana

December 16, 2010
Associated Press
The 2009 Toxics Release Inventory released Thursday shows releases of toxic chemicals to the environment by companies in Indiana decreased by 20.6 million pounds, or 18 percent.
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FBI investigating Durham firms for phone cramming

December 16, 2010
Cory Schouten
The FBI is asking land-line phone customers across the country to check their bills for phantom charges from more than 20 companies controlled by or connected to embattled financier Tim Durham.
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Daniels says he'd sign statewide smoking ban

December 16, 2010
Associated Press
Gov. Mitch Daniels said towns and cities have shown it's possible to enact smoking bans with significant benefits and minimal cost.
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Ganassi locating two new race teams in Brownsburg

December 16, 2010
Izod IndyCar Series team owner will invest $3.3 million and create up to 30 jobs. Ganassi plans to begin hiring employees immediately to prepare for the start of the 2011 season.
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State pushing to keep building-review wait times down

December 16, 2010
Francesca Jarosz
Wait times in the plan-review process for non-residential projects increased dramatically this year, creating a backlog of cases.
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North of South project clears rezoning hurdle

December 16, 2010
Scott Olson
The Metropolitan Development Commission agreed to rezone 14 acres of land, which houses a parking lot north of South Street between Delaware Street and Virginia Avenue downtown, to accommodate the $155 million mixed-use project.
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U.S. home construction up after two months of declines

December 16, 2010
 IBJ Staff and Associated Press
Locally, building permits were up 17 percent in the nine-county area, from 222 in November 2009 to 259 in November 2010.
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Judge removes Bren Simon as trustee over late husband's estate

December 16, 2010
Cory Schouten
A series of questionable decisions by Bren Simon in recent months appear to have paved the way for a Hamilton County judge’s order this week removing Bren as interim trustee over Simon Property Group co-founder Melvin Simon’s estate.
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First vehicles roll out of Indiana electric-car plant

December 16, 2010
Associated Press
Fifteen cars rolled out of Think North America's Elkhart plant on Wednesday, bound for Indianapolis. The cars will be used primarily by the state Department of Natural Resources.
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Daniels endorses findings of criminal code review

December 15, 2010
Associated Press
Sweeping changes proposed for Indiana's criminal sentencing system won the endorsement Wednesday of Gov. Mitch Daniels, who said that if lawmakers enact the changes they would hold down the state's ballooning prison population and save taxpayer money.
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Indiana may cut Medicaid services to check costs

December 15, 2010
Associated Press
The state Medicaid actuary projected Indiana's share of the program's costs will rise by about $1.46 billion this fiscal year, by about $1.84 billion in the 2012 fiscal year and by about $2 billion in the 2013 fiscal year unless some services are cut.
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Indiana GOP chairman stepping down after 5 years

December 15, 2010
Associated Press
Indiana Republican Party Chairman Murray Clark announced his decision Wednesday, saying it was time to turn over the party leadership.
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Indiana lawmakers plan to float corporate tax cuts

December 15, 2010
Francesca Jarosz
State lawmakers plan to propose reducing Indiana’s corporate income tax rate next year in a move they say will make the state a more appealing place for businesses to locate.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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