News & Analysis

Former GIPC leader gets 2 years of home detention

September 19, 2014
Jeff Newman
The former executive director of the Greater Indianapolis Progress Committee was sentenced to two years of home detention Friday after pleading guilty to four counts of forgery. The plea agreement was approved after Matthew Hendrix turned over a restitution check for $126,356.
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ITT shares plunge 35 percent after SEC threatens action

September 19, 2014
Bloomberg News, J.K. Wall
ITT Educational Services Inc. dodged a bullet from the U.S. Department of Education, according to a securities filing issued Friday morning, but now faces a new threat: a potential enforcement action from the U.S. Securities & Exchange Commission.
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Indiana could be top state for school vouchers

September 19, 2014
 Scott Elliott, Chalkbeat Indiana
Preliminary data from the Indiana Department of Education shows 29,437 Indiana children applied for vouchers this year.
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Current to add Geist to growing newspaper stable

September 19, 2014
Anthony Schoettle
Current Publishing LLC, a Carmel-based firm which publishes five weekly newspapers covering parts of Hamilton and Boone counties, continues to thrive as the print news industry as a whole lags.
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State unemployment rate slips to 5.8 percent

September 19, 2014
 IBJ Staff
Indiana lost 2,600 private-sector jobs in August despite more big gains in manufacturing-sector employment, the state’s Department of Workforce Development said Friday morning.
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Second solar farm slated for Indy airport

September 19, 2014
Mason King
Airport officials have agreed to lease about 76 acres of land at the airport to the same private developers who created the current, 44,000-panel field by the Interstate 70 exit.
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FDA approves Eli Lilly's injectable diabetes drug

September 18, 2014
Associated Press
The agency on Thursday cleared the drug, Trulicity, as a weekly injection to improve blood sugar control in patients with type 2 diabetes, which affects more than 26 million Americans.
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Obamacare enrollment at 7.3 million people, official says

September 18, 2014
Bloomberg News
That’s a 9-percent reduction from the government’s May estimate of 8 million, which reflected only how many people had signed up, not how many had paid and were enrolled in the coverage.
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New state panel begins review of professional licenses

September 18, 2014
Associated Press
Since 2002, Indiana has created more than 40 new professional requirements, including 20 new licensed occupations, while eliminating only three licensure requirements and regulatory mandates.
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Indiana settles DCS adoption suit for $15 million

September 18, 2014
Associated Press
The state will pay $15.1 million to about 1,800 families who adopted special needs children. The settlement was filed in LaPorte Superior Court on Thursday afternoon and still needs court approval.
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Domestic violence activist, state disagree on deal

September 18, 2014
Associated Press
An advocate for victims of domestic violence said her group reached agreement Thursday with Indiana officials over funding for the private agencies serving them, but a state official denied there was a deal.
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Volatile apartment sector reduces U.S. home building

September 18, 2014
Associated Press
Apartment construction has surged 19.2 percent in the past 12 months. Meanwhile, single-family starts have risen just 4.2 percent. The shift among builders to increased apartment building is a sign that a rising share of Americans will be renters, rather than homeowners.
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Wal-Mart targeted by lawsuit for local PCB discovery

September 18, 2014
Scott Olson
The complaint stems from the discovery of the carcinogen at a Wal-Mart return center on the east side of Indianapolis. The suit seeks class-action status on behalf of its 600 workers.
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State energy trade association replaces longtime leader

September 18, 2014
Jeff Newman
The Indiana Energy Association has appointed former Northern Indiana Public Service Co. President Mark Maassel as president, succeeding longtime leader Ed Simcox, the organization announced Thursday.
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Testosterone drugs need study on heart risks, FDA panel says

September 18, 2014
Bloomberg News
Drugmakers, including Eli Lilly and Co., should conduct new trials to assess the heart risks of testosterone therapies used by millions of men last year, advisers to U.S. regulators said.
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30 counties to be reimbursed for snow storm costs

September 18, 2014
Paige Clark, The Statehouse File
Currently, $1.13 million has been processed for reimbursement, and more federal money will be distributed as applications are processed.
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Examiner appointed in HDG Mansur bankruptcy case

September 18, 2014
 Bloomberg News and IBJ Staff
An examiner will be appointed to conduct an investigation into the bankruptcies of two affiliates of troubled Indianapolis-based developer HDG Mansur. A judge, for the time being, denied a request to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7.
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Anderson bridge replacement denied federal money

September 18, 2014
Associated Press
Local officials say they're moving ahead with plans to replace a main bridge over the White River into downtown Anderson despite the $15 million project being rejected for a federal grant.
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USDA approves new modified corn, soybean seeds

September 17, 2014
Associated Press
The farmers won't be able to take full advantage of the seeds until the EPA issues a second ruling allowing the use of weed killer Enlist. The EPA has said it will rule this fall on Indianapolis-based Dow AgroSciences' application to market the chemical.
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Abortion-related complaints filed against doctors

September 17, 2014
Associated Press
Attorney General Greg Zoeller's office filed licensing complaints Wednesday against an Illinois doctor facing misdemeanor charges in Indiana and against three physicians who perform abortions in Indianapolis.
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Indiana asks tollway firm to prove financial stability

September 17, 2014
Associated Press
The state agency that oversees the Indiana Toll Road has given the highway's debt-saddled private operator until late November to prove that it's meeting its debt obligations.
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Kohl's plans surge in holiday hiring nationally, locally

September 17, 2014
 Associated Press and IBJ Staff
About 2,000 of those hirings will take place in Indiana, including about 900 in the Indianapolis area. Kohl's has 39 stores in Indiana, and 18 in the metro area.<
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Fed signals plan to keep key rate at record low

September 17, 2014
Associated Press
The Fed said it planned to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market.
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GIPC taps Indy Chamber exec as new director

September 17, 2014
 IBJ Staff
The Greater Indianapolis Progress Committee on Wednesday announced the selection of Molly Deuberry as its new executive director.
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Community Health plans $175M expansion of East facilities

September 17, 2014
J.K. Wall
Community executives said the investment and projects, which will begin this fall and extend over several years, prove their long-term commitment to the east side of the city.
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