News & Analysis

Unions target Indianapolis hotels

November 13, 2010
Anthony Schoettle
Unite Here has high hopes, but the industry fears its cost advantage would erode.
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Spurned bidder: IURC program may cost consumers $65MRestricted Content

November 13, 2010
Chris O'Malley
An Indiana Utility Regulatory Commission-mandated initiative to help electric customers cut consumption and save money may wind up costing them $65 million more than necessary. At least that’s the claim of a consulting firm that lost its bid to administer the program.
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Retail sales at Indianapolis International Airport edge upRestricted Content

November 13, 2010
Sam Brattain
Revenue is uneven between the two concourses in the new midfield terminal, but overall sales nevertheless are outpacing growth in passenger traffic.
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Quick Hits: Indianapolis dwarfs Milwaukee in convention, tourism business

November 13, 2010
Indianapolis and Milwaukee are about the same size, with 1.7 million and 1.6 million people in their respective metro areas, but Indianapolis' convention trade is better developed.
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Most not-for-profit execs modestly paid, survey saysRestricted Content

November 13, 2010
Kathleen McLaughlin
Local consultants Bryan Orander and Jim Morris conducted the survey this summer to fulfill what they see as a lack of hard data on executive pay in the local not-for-profit sector.
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Expanding tax breaks could be a tough sell in Marion CountyRestricted Content

November 13, 2010
Francesca Jarosz
Republicans who now control the Indiana House are poised to push reforms next year that would strengthen local governments’ ability to offer businesses tax abatements. But the changes might be met with caution in Marion County.
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PCBs a concern at bankrupt ESI Environmental plant

November 12, 2010
Chris O'Malley
The EPA says 300,000 gallons of sludge at the firm's northwest-side site are suspected of containing carcinogenic PCBs. A recent court ruling could expedite clean-up efforts.
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Americold investing $30M to expand operations

November 12, 2010
The Atlanta-based company plans to break ground this month on a 100,000-square-foot expansion of its southeast-side cold storage facility. The expansion should be finished in November 2011.
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Moe & Johnny’s owner files for bankruptcy reorganization

November 12, 2010
Scott Olson
Owner Chuck Mack says popular tavern and restaurant Moe & Johnny's, open in Broad Ripple since 1996, is in no danger of closing despite the Chapter 11 filing.
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Study: Arthritis drug co-developed by Lilly shows promise

November 12, 2010
 IBJ Staff and Bloomberg News
Lilly paid $90 million in 2009 to acquire the global rights to the treatment in a bid to beef up its pipeline of medications for autoimmune diseases.
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Republic Airways prices stock offering

November 12, 2010
The Indianapolis-based company said it plans to raise $88.5 million by pricing 12 million shares of its common stock at $7.80 each in a public offering.
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States offering more college-savings vehicles

November 12, 2010
Bloomberg News
Indiana among those rolling out new, less-risky 529 plans to attract savers wary of losing money in the stock market.
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Indiana farmers expected to enjoy near-record income

November 11, 2010
Associated Press
Many Indiana farmers who had been worrying about a late summer drought are now looking forward to some extra spending money thanks to high grain prices.
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Bank of America seeks to dismiss racketeering suit

November 11, 2010
Homeowners Dwayne Ransom Davis and Melisa Davis sued last month in Indianapolis, claiming Bank of America “routinely” submitted perjured affidavits to support foreclosures. They lost their Knightstown home last year.
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Angie’s List attracts $2.5M infusion

November 11, 2010
The investment is from a San Francisco-based firm and follows a $22.5 million investment the company received in October from multiple investors.
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Noble Roman's reports loss

November 11, 2010
Costs related to discontinued operations prompted the loss for Noble Roman’s, which is shelving its traditional store model in favor of offering its products in convenience and grocery stores.
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Area homes sales down for 6th straight month

November 11, 2010
Home-sale agreements in the nine-county central Indiana region plunged 40.7 percent in October compared to the same month a year ago, according to a report released Thursday morning by F.C. Tucker Co.
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Gun club building, parking lot fetch $380,000 at auction

November 11, 2010
The historic, 8,000-square-foot Gatling Gun Club building sold for $250,000 and the 19,000-square-foot parking lot went for $130,000, to two separate bidders.
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Carmel strip mall fire starts in doughnut shop

November 11, 2010
Associated Press
The fire began at a Dunkin' Donuts shop Thursday morning, spread to a winemaking shop and threatened other businesses.
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Feds require Simon to sell outlet centers

November 11, 2010
Bloomberg News
The U.S. Federal Trade Commission said it is requiring Indianapolis-based Simon Property Group Inc., the largest U.S. mall owner, to sell outlets in a settlement related to the $2.3M purchase of Prime Outlets Acquisition Co.
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LEADING QUESTIONS: New councillor in for wild ride

November 10, 2010
Mason King
LQ Angel Watch VideoAs a new City-County Council member entrenched in several hot-button issues, Angel Rivera sometimes blows off steam on his Ducati SportClassic GT1000.
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Poll: Daniels little known among potential GOP candidates

November 10, 2010
Associated Press
Sarah Palin is the most polarizing of the potential 2012 Republican presidential candidates, while Mitch Daniels is one of the least recognized, a new survey finds.
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Daniels appoints new social services chief

November 10, 2010
Indiana Gov. Mitch Daniels has accepted the resignation of Family and Social Services Administration Secretary Anne Murphy and has appointed the agency's chief of staff, Michael Gargano, to replace her.
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GM's move to IndyCar could cost up to $50 million

November 10, 2010
Anthony Schoettle
Heavy investments in research and development, testing and marketing will be needed for the Detroit-based automaker to keep up with Honda.
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Gatling Gun Club building set for auction

November 10, 2010
Scott Olson
The historic structure at 709 N. Illinois St., along with a nearby parking lot, could be sold Wednesday afternoon. Declining membership and rising costs led the private club to seek a sale of the 160-year-old building.
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  1. Angela IS the best RD

  2. We are a nation of speed. All of our younger lives are filled with deadlines, quotas and bottom lines. We start to ease out of the pressured rat-race when we finally see "retirement." The most enjoyable travel on the planet is passenger rail service. Indy to Chicago does not beat Megabus or Southwest Airlines in speed. Passenger rail however has the best seating, mammoth legroon, seat backs that recline to more than 45 degrees and employers that really want you to return as a customer. Indiana municipalities need to maintain subsidies to support this transportation mode. Losing it is loss for all of us.

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  4. Its a THUG issue. Bleecker Street and NYX are thug bars. They attract thugs of all races. Places that attract thugs need to be kicked out of Broad Ripple. Ain't nobody got time for that!

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