Regional News

Edible Arrangements franchisee opens third locationRestricted Content

January 7, 2012
Ann Finch
Retha Parsley owns three franchises for Edible Arrangements, a fruit-bouquet-delivery business, including a new downtown location that also sells in-store dipped fruit, fruit smoothies and fruit parfaits.
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Feinstein sees growing interest in vocal competitionRestricted Content

January 7, 2012
 IBJ Staff
The Great American Songbook Vocal Academy and Competition will be open to students outside the Midwest this year.
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Boone County officials ‘surprised’ by ASI closing

January 5, 2012
Scott Olson
ASI Limited informed an estimated 250 employees by letter that the company was no longer profitable. The manufacturer's high-profile projects include Lucas Oil Stadium and the JW Marriott hotel.
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Endocyte stays course despite being battered by investorsRestricted Content

December 31, 2011
J.K. Wall
After spending most of 2011 as a Wall Street darling, the year ended ugly for Endocyte Inc. But CEO Ron Ellis thinks the West Lafayette-based drug developer is in better position than ever.
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Anderson mayor resigns, takes back police job

December 27, 2011
Associated Press
A central Indiana city's mayor has resigned with less than a week left to go in his term. Anderson Mayor Kris Ockomon submitted his resignation at a safety board meeting Monday.
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GM to idle Fort Wayne plant for nine weeks

December 24, 2011
Bloomberg News
General Motors Co., preparing to introduce new pickups in 2013, has scheduled 21 weeks without production at three U.S. full-size truck plants next year to update the factories for building the new models.
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Far-flung areas court Super Bowl spending

December 24, 2011
Anthony Schoettle
Downtown will be the focal point of Super Bowl XLVI, but communities from Zionsville to Columbus are aggressively pursuing some of the money visitors are expected to shower on the region.
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State unlikely to revive natural-gas grandeurRestricted Content

December 24, 2011
Sam Stall
Indiana was once the world’s capital for natural-gas production, but recent advances in drilling and resource-recovery technology are not likely to revive those glory days anytime soon because of a combination of human-made and natural obstructions.
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Area firms pledge 365 jobs

December 21, 2011
Francesca Jarosz
Two Central Indiana firms will receive tax incentives for growing their operations by a combined 365 workers by 2015, Indiana economic development officials announced Wednesday.
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Honda reworking Civic in plan to boost sales

December 21, 2011
Bloomberg News
Honda Motor Co. is sprucing up its Indiana-made Civic sedan, which received poor ratings, after less than a year on the market as part of a plan to boost U.S. sales by 24 percent in 2012 for its namesake brand.
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Marsh wins $19.5M judgment against Roche

December 20, 2011
Scott Olson
A Hamilton Superior Court judge awarded damages to the local supermarket chain in a soured sublease deal it signed with Roche Diagnostics in March 2008.
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Transit plan may boost real estate investmentRestricted Content

December 17, 2011
Chris O'Malley
A proposed $1.3 billion transit system might bring redevelopment to urban neighborhoods. Yet transit proponents have surprisingly little to say about how much the system could generate in new real estate investment.
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Is China headed for 'soft-landing slowdown'Restricted Content

December 17, 2011
Kathleen McLaughlin
An oasis of growth for some Hoosier manufacturers, China’s economy is headed for a slowdown. That affects both Indiana companies that have outposts in China, and the firms that export to the Asian powerhouse.
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Mayors back transit tax hike in Marion, Hamilton counties

December 13, 2011
Chris O'Malley
Indianapolis Mayor Greg Ballard, Carmel Mayor Jim Brainard say more local transit options are needed despite the steep cost. A ballot referendum would be required so voters could consider a 0.3-percent income-tax increase to pay for a $1.3 billion project.
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Endocyte shares plunge on clinical trial results

December 13, 2011
J.K. Wall
Shares of Endocyte Inc. plummeted more than 60 percent Tuesday morning after clinical trial results showed the company’s experimental ovarian cancer drug led to shorter survival times than treatment with a standard cancer drug.
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Carmel office/retail complex hurt by road project gets second chance

December 13, 2011
Tom Harton
Merchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start after major road construction drove away tenants and caused a previous owner to default.
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Startup wants animal shelter in Hendricks CountyRestricted Content

December 10, 2011
 IBJ Staff
The county lacks a private, not-for-profit group to find homes for stray dogs and cats.
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Indiana Live asks court for $23 million tax refundRestricted Content

December 10, 2011
 IBJ Staff
Bankrupt racetrack and casino asks for help recovering money from Indiana Department of Revenue.
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Lockhart Automotive co-owner recovering from losing SaturnRestricted Content

December 10, 2011
Ann Finch
Lynn Kimmel, president of Lockhart Automotive Group, is helping her family business recover from losing three Saturn dealerships and a Hummer dealership when General Motors Corp. folded both those lines.
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Midwest ISO announces $6.5B in electric grid improvements

December 8, 2011
The Carmel-based not-for-profit's long-term plan recommends 215 new transmission infrastructure projects to improve reliability of its electric grid.
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Carmel also likely competing for CME Group

December 5, 2011
Scott Olson
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange's description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
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Kokomo upshifting with Chrysler investmentRestricted Content

December 3, 2011
Kathleen McLaughlin
City north of Indianapolis feels the power of $1.3 billion upgrade of equipment in automaker's transmission plants.
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Popular chain plans to launch restaurant in NoblesvilleRestricted Content

December 3, 2011
 IBJ Staff
Huntington Beach, Calif.-based BJ’s opened its first central Indiana location in 2008 at Greenwood Park Mall.
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Defects prompt closure of county fair grandstands

December 1, 2011
Associated Press
A central Indiana county faces a big bill to replace its fairground's grandstand after numerous safety problems were found during an inspection prompted by this summer's deadly state fair stage collapse.
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Star parent plans to add 108 jobs at local media units

November 29, 2011
Scott Olson
Gannett Co. said the jobs will be added in central Indiana as part of an expansion of its media-related groups. Meanwhile, the newspaper's union continues to negotiate a new contract with the company.
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  1. You are correct that Obamacare requires health insurance policies to include richer benefits and protects patients who get sick. That's what I was getting at when I wrote above, "That’s because Obamacare required insurers to take all customers, regardless of their health status, and also established a floor on how skimpy the benefits paid for by health plans could be." I think it's vital to know exactly how much the essential health benefits are costing over previous policies. Unless we know the cost of the law, we can't do a cost-benefit analysis. Taxes were raised in order to offset a 31% rise in health insurance premiums, an increase that paid for richer benefits. Are those richer benefits worth that much or not? That's the question we need to answer. This study at least gets us started on doing so.

  2. *5 employees per floor. Either way its ridiculous.

  3. Jim, thanks for always ready my stuff and providing thoughtful comments. I am sure that someone more familiar with research design and methods could take issue with Kowalski's study. I thought it was of considerable value, however, because so far we have been crediting Obamacare for all the gains in coverage and all price increases, neither of which is entirely fair. This is at least a rigorous attempt to sort things out. Maybe a quixotic attempt, but it's one of the first ones I've seen try to do it in a sophisticated way.

  4. In addition to rewriting history, the paper (or at least your summary of it) ignores that Obamacare policies now must provide "essential health benefits". Maybe Mr Wall has always been insured in a group plan but even group plans had holes you could drive a truck through, like the Colts defensive line last night. Individual plans were even worse. So, when you come up with a study that factors that in, let me know, otherwise the numbers are garbage.

  5. You guys are absolutely right: Cummins should build a massive 80-story high rise, and give each employee 5 floors. Or, I suppose they could always rent out the top floors if they wanted, since downtown office space is bursting at the seams (http://www.ibj.com/article?articleId=49481).

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