News & Analysis

Ex-Emmis exec uses estate toolkit to fund Butler venueRestricted Content

February 12, 2011
Kathleen McLaughlin
Howard Schrott will provide $6.5 million toward the $13 million performing-arts building.
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Medicaid expansion could tax community health centersRestricted Content

February 12, 2011
J.K. Wall
The president of the Indiana Primary Health Care Association wants to double the number of federally qualified community health centers in Indiana in the next five years.
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Diabetes boom sparks Roche expansion

February 12, 2011
J.K. Wall
Roche Diagnostics Corp. is expanding one of its Indianapolis manufacturing plants to keep up with growing sales of its leading brand of blood glucose monitors.
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Budget shrinks 21st Century tech fund

February 12, 2011
Chris O'Malley
Even as some of its investments bear fruit in grand fashion, the state’s principal fund for investing in high-tech companies may get even less in the next budget than it did two years ago when its funding was cut in half.
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Lawmakers eye bonds for debt reliefRestricted Content

February 12, 2011
Francesca Jarosz
State lawmakers are exploring the idea of paying back more than $2 billion in federal debt for unemployment insurance by issuing tax-exempt bonds.
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American Legion HQ changes membership tacticsRestricted Content

February 12, 2011
Kathleen McLaughlin
In a move to shore up American Legion’s bottom line, the organization is holding back thousands of new members—along with their dues—from state affiliates.
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UPDATE: Former Speedway announcer Carnegie dies

February 11, 2011
Associated Press
Tom Carnegie, 91, who served as the Indianapolis Motor Speedway's public address announcer for 60 years, has passed away.
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Push to make schools start after Labor Day fails

February 11, 2011
Associated Press
A proposal to not allow Indiana's public schools to start the academic year before Labor Day has failed in the General Assembly.
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Emmis likely escapes NASDAQ-delisting danger

February 11, 2011
Scott Olson
Stock in the Indianapolis-based media company closed above the necessary threshold of $1 per share for 10 consecutive business days on Thursday, meaning it should be back in compliance with NASDAQ rules.
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Lobbying commission fires executive director after leave

February 11, 2011
 IBJ Staff
The Indiana Lobby Registration Commission on Thursday fired its executive director after placing her on leave without explanation in mid-January.
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Lilly takeover provision to be voted on again

February 11, 2011
Scott Olson
The effort to remove an 80-percent approval threshold for takeover bids against the wishes of Lilly's board is on the agenda of the company's April 18 annual meeting.
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Water damage closes Carmel art gallery

February 11, 2011
Kathleen McLaughlin
The Evan Lurie Gallery in Carmel is recovering from water damage that will leave it closed for at least another week.
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Lilly names new head of cancer drug business

February 11, 2011
Associated Press
Eli Lilly and Co. on Friday named company insider Sue Mahony as president of its cancer drug business.
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Ice storm uses big chunk of city snow-removal budget

February 11, 2011
 IBJ Staff
Indianapolis spent almost half its 2011 budget for snow removal—$3.4 million—to deal with last week’s ice and snow storms, the city announced Friday morning.
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Census: Home vacancies follow job losses in Indiana

February 10, 2011
Associated Press
North-central and east-central Indiana, which absorbed the brunt of the job losses, also showed the highest percentage of unoccupied homes.
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Indiana Senate panel advances nuclear incentive bill

February 10, 2011
Associated Press
A bill that would allow Indiana's utilities to quickly pass onto their customers some of the costs of planning nuclear power plants is advancing in the General Assembly.
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Indiana moving ahead with plan to fix jobless fund

February 10, 2011
Associated Press
Legislators aren't holding up a plan to fix Indiana's debt-ridden unemployment insurance fund as they wait to see whether the federal government will put off charging the states interest on what they owe.
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Groups file suit to stop I-69 work downstate

February 10, 2011
 IBJ Staff, Chris O'Malley
Environmental and citizens groups seek to stop construction of the 142-mile link between Evansville and Indianapolis, saying it will destroy valuable natural resources.
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City agency signs off on North of South site plans

February 10, 2011
Scott Olson
Regional Center Hearing Examiner gives blessing to the $155 million development's master plan. Site plans will go before the Metropolitan Development Commission on March 2.
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Dreyer & Reinbold expanding racing operations

February 10, 2011
Scott Olson
Carmel-based team is building a 12,000-square-foot addition at its headquarters that will house a state-of-the-art machine shop outfitted with high-tech milling machines manufactured by Indianapolis-based Hurco Cos.
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Indianapolis customers line up for Verizon iPhone

February 10, 2011
Sean Morrison
Customers waiting outside the Verizon Wireless store in Castleton early Thursday wanted two things: iPhones and warmth.
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Local home sales fall again

February 10, 2011
 IBJ Staff
Home-sale agreements in the nine-county central Indiana region fell 12.2 percent in January compared to the same month in 2010, the ninth straight month in which year-over-year sales slumped locally.
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Keystone Towers heading toward demolition, city says

February 10, 2011
 IBJ Staff and Associated Press
An Indianapolis Department of Metropolitan Development official says the city has plans to tear down the abandoned 15-story Keystone Towers complex at Allisonville Road and Fall Creek Parkway and seek proposals for redevelopment.
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Labor board seeks rehiring of fired pro-union store worker

February 9, 2011
Associated Press
The National Labor Relations Board has asked a federal judge to order Fishers-based Marsh Supermarkets to rehire a pro-union worker whom the company fired.
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Lawmakers start work on teacher merit pay bill

February 9, 2011
Associated Press
Indiana lawmakers have started work on one of the more controversial aspects of Gov. Mitch Daniels' sweeping education agenda: a plan to tie teacher pay to student performance.
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