Regional News

Memory Gardens manager sought $3.2M, awarded $175,000

April 29, 2010
Scott Olson
A Johnson County judge approved the reduced amount, which was agreed upon during mediation. The settlement brings funeral home and cemetery business a step closer to being sold.
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Cummins profit jumps on demand from emerging markets

April 27, 2010
Scott Olson
The Columbus-based engine maker sees sales increase in developing countries such as China, India and Brazil.
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Old National improves first-quarter performance

April 26, 2010
 IBJ Staff
Evansville-based Old National Bancorp on Monday reported a first-quarter profit of $10.1 million, up 84 percent from the prior-year period and a big improvement from the fourth quarter of 2009, when the company posted a loss of $9.3 million.
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Franklin residents still struggle with solution for flooded land

April 25, 2010
Associated Press
Crews will begin in late April demolishing the first of 74 homes south of downtown Franklin damaged by massive flooding in June 2008. Officials still haven't decided how to reuse the land, and residents are torn.
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Carmel City Center gaining momentum

April 24, 2010
Cory Schouten
Thirteen years after Mayor Jim Brainard first described his vision for a new downtown along Range Line Road, Carmel City Center is starting to look like a city.
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Anderson tech firm One Number files patent suit against GoogleRestricted Content

April 24, 2010
Chris O'Malley
An Anderson firm that provides a “one number” service that rings all of a client’s phones has filed suit against Web giant Google, alleging Google Voice infringes on two of its patents.
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Marsh renews effort to sublease headquarters

April 20, 2010
Tom Harton
Most of the 148,000-square-foot building just north and east of the 96th Street/Interstate 69 interchange is empty.
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Health care tech firm Gemms adding 69 jobs

April 20, 2010
 IBJ Staff
Carmel-based electronic medical records developer Gemms Inc. plans to invest $2.1 million to expand its headquarters and software development operations here, more than doubling its staff in the next five years.
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Arts Commission to share duties with regional groups

April 19, 2010
Kathleen McLaughlin
The Indiana Arts Commission revamped the way it allocates money out of concern about future state budget cuts, which would further reduce grants available to arts organizations.
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Hendricks County scales back hospitality plan

April 17, 2010
Kathleen McLaughlin
The convention bureau has shelved its plan to attract a full-service hotel and instead will boost spending on tourism marketing.
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Carbon Motors' prototype cop car is crammed with technology

April 17, 2010
Norm Heikens
Carbon_WatchVideoThe specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in the dark.
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MZD lands tourism account for Hendricks County

April 17, 2010
 IBJ Staff
Seventeen agencies submitted proposals for the account.
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Expansion set for Camp Atterbury training site

April 15, 2010
 IBJ Staff and Associated Press
The proposed plan will expand the Indiana National Guard's Camp Atterbury, bring economic development to south-central Indiana, and open a new fish and wildlife area in Putnam County in western Indiana.
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Judge OKs sale of cemetery, funeral home company

April 14, 2010
Scott Olson
Pennsylvania company is one step closer to purchasing the Indianapolis-based Memory Gardens Management Corp., whose former owner pleaded guilty to theft and securities fraud.
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Indiana Design Center lines up tenants

April 13, 2010
Tom Harton
The $25 million project, which is the cornerstone of Carmel's Arts & Design District, has signed 11 interior design-related tenants and a restaurant.
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Noblesville company has high hopes for pomegranate

April 10, 2010
Kathleen McLaughlin
Verdure Sciences, a botanical-extract distributor, has invested more than $1 million in marketing and research, and hopes to see its product in more foods and drinks, perhaps even mouthwash.
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$15M loan brings EnerDel closer to launching productionRestricted Content

April 10, 2010
Kathleen McLaughlin
The locally based battery maker serves as collateral on the financing lined up by its New York-based parent, Ener1.
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AIG's American General unit said to be seeking $3B term loan

April 9, 2010
Bloomberg News
Bank of America Corp. is arranging a five-year loan that will be sold at a discount of 98 cents to 98.5 cents on the dollar, according to a source who declined to be identified because the discussions are private.
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Shelbyville insulation company laying off 100 workers

April 8, 2010
Knauf Insulation will idle employees in June for at least six months, as demand for its building products remains soft.
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Carter Lumber plans to hire as many as 100 in Franklin

April 7, 2010
J.K. Wall
Ohio-based Carter Lumber plans to open new wholesale lumberyard and truss-making facility in Franklin in June.
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Former Shelbyville office manager charged with embezzlement

April 1, 2010
Federal prosecutors allege man embezzled $1.6 million from a title insurance company.
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Fishers approves $19M auto mall development

April 1, 2010
Kathleen McLaughlin
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive Group's proposed development.
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Cummins cuts CEO's pay by nearly one-quarter

March 24, 2010
Peter Schnitzler
Columbus-based engine maker Cummins trimmed Solso's total compensation by $2.3 million last year; remainder of management team took similar pay cuts.
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Tokusen USA planning 135 jobs at new Scottsburg plant

March 24, 2010
 IBJ Staff
Arkansas wire-maker Tokusen USA Inc. plans to establish a manufacturing plant in Scottsburg, state economic development officials said Wednesday, touting the nearly 135 jobs expected over the next two years.
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Judge: Bren Simon can't liquidate Simon Property holdings

March 16, 2010
Greg Andrews
A Hamilton County judge says Mel Simon’s widow can’t cash in partnership units worth more than $500 million.
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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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