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News & Analysis
Mortgage firm is fastest-growing private company
June 15, 2013
Stonegate Mortgage Corp. returns to the top 10 for a second year thanks to geographic expansion—it now does business
in more than 30 states, up from 20 at the end of 2011—and a couple of significant transactions.
MoreITT Educational branches into charter schools
June 15, 2013
J.K. WallThe for-profit educator won approval last month to start a charter school for 11th- and 12th-graders inside one of its ITT
Technical Institutes in Indianapolis.
MoreHead-swap performed on WTHR general manager
June 15, 2013
Someone apparently forgot to tell Pablo Pereira, the weatherman at Fox affiliate KTTV-TV Channel 11 in Los Angeles, that he’d
been promoted to president and general manager of WTHR-TV Channel 13 in Indianapolis.
MoreIndianapolis moving forward with startup land bank
June 15, 2013
Kathleen McLaughlinThe executive director of the Land Bank of Indianapolis anticipates working with the city to issue a request for qualifications
aimed at charitable and for-profit entities interested in acquiring properties.
MoreGovernments helped fuel nursing-facility developer's rise
June 15, 2013
Kathleen McLaughlinCarmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana
properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also
received $345,000 in state economic incentives.
MoreSuit: Menard pressured Tomisue Hilbert for sexual favors
June 15, 2013
J.K. WallThe lawsuit charges Tomisue Hilbert's rejection of the billionaire is the real reason he launched a bitter battle to remove
her husband, Steve Hilbert, as CEO of the Indianapolis-based private-equity funds the three of them started in 2005.
MoreLow-key charitable foundation facing turning point
June 15, 2013
Andrea Muirragui DavisThe low-profile but high-impact Nina Mason Pulliam Charitable Trust is at a key juncture after 15 years and more than $200
million in grants. Founding CEO Harriet Ivey plans to retire at the end of January, and one of her top lieutenants, Michael
Twyman, just departed.
MoreHamilton County wants squirrels on parade
June 15, 2013
Andrea Muirragui DavisInspired by more than 100,000 migratory squirrels that swarmed through Westfield and Fishers in the 1820s, a group of up-and-coming
Hamilton County leaders is working on a public-art initiative celebrating the bushy-tailed rodents.
MoreYoung & Laramore finds app draws eyeballs to brand
June 15, 2013
Chris O'MalleyIndianapolis ad agency Young & Laramore's recent project for footwear giant New Balance included developing a video game
intended to reach young consumers who’ve grown up with a smartphone as a bodily appendage.
MoreNew Hostess owners want abatement for equipment
June 14, 2013
Cory SchoutenThe new owners of Hostess Brands are seeking a tax abatement to support investment of $10 million in new equipment for a plant
on the east side that could employ up to 145 people.
MoreCity won't take back suspect properties sold by Land Bank
June 14, 2013
Kathleen McLaughlinThe city of Indianapolis won't try to take back properties that were sold by its Indy Land Bank to suspect not-for-profits
or to Naptown Housing Group LLC, in which former land bank director Reggie Walton is alleged to be a silent partner.
MoreCity to host USA Cricket championships in 2014
June 14, 2013
The tournament is slated for the new Indianapolis World Sports Park on the far-east side for three years beginning in 2014,
the USA Cricket Association said.
MoreEstate of Financial Center's former CEO seeks death benefit
June 14, 2013
Chris O'MalleyThe widow of former Financial Center CEO Roger Youngs alleges in a lawsuit that the Indianapolis credit union owes his estate
$936,162, per his retirement agreement.
MoreIPL credits $1B in Indiana investments with nabbing new U.S. hub
June 14, 2013
Dan HumanThe state's corporate-friendly environmental policies aside, Indianapolis Power and Light Co.’s parent chose the
city as its new center for U.S. operations largely because of the utility's billion-dollar upgrades.
MoreAES Corp. to locate U.S. operations HQ in Indianapolis
June 14, 2013
IBJ StaffAES Corp., the multinational parent of Indianapolis Power & Light Co., says the move will cost $1.2 million and create
up to 100 jobs by the end of 2014.
MoreReport: People problems persist in manufacturing, logistics
June 14, 2013
Dan HumanIndiana's manufacturing and logistics sectors are undoubtedly strong, but work-force quality issues continue to nag the state,
according to an industry report card released Friday morning.
MoreJapanese auto supplier adding 103 jobs in Columbus
June 14, 2013
Sunright America, a maker of nuts, bolts and specialty fasteners, plans to invest $35 million to build and equip two additional
facilities on its 33-acre campus.
MoreLilly halts trial of experimental Alzheimers drug
June 14, 2013
The trial ended after participants showed abnormal liver biochemistry, the Indianapolis-based drugmaker said Thursday in a
statement.
MoreIndiana Landmarks nearing $25M fundraising goal
June 13, 2013
Andrea Muirragui DavisPreservation group Indiana Landmarks kicked off the public portion of its $25 million capital and endowment campaign Thursday
evening, entering the homestretch of a fundraising effort that began in 2010.
MoreConour still free after hearing, but judge 'deeply concerned'
June 13, 2013
Dave StaffordA federal judge has withheld a ruling on revoking the bond for William Conour, the former high-profile personal-injury attorney
accused of defrauding 25 or more clients of at least $4.5 million.
MoreTop 6 ExactTarget officers reap $92.5M in option gains in sale
June 13, 2013
Dan HumanThe gains for top brass represent about one-third of the $277 million in option gains that the company's 1,700-person
work force will rack up, regulatory filings show.
MoreIPL parent eyes Indy for corporate services hub
June 13, 2013
Kathleen McLaughlinAES Corp., based in Arlington, Va., has been considering Indianapolis as the hub for a new shared-services center, and is
planning a major economic development announcement in the city on Friday.
MoreGreenwood sues over failed pharmaceutical facility
June 13, 2013
IBJ Staff and Associated PressGreenwood Mayor Mark Myers says city officials had tried for months to help with talks with possible investors for Elona Biotechnologies,
without any progress.
MoreState selling Coliseum seats for grand each
June 13, 2013
Associated PressThe Indiana State Fair Foundation says 100 pairs of platform-mounted seats are being sold for $1,000 each. All the money raised
from the sale will help pay for the ongoing $63 million renovation of the 1939 Fairgrounds Coliseum.
MoreNew law lets pharmacists provide pneumonia, HPV vaccines
June 13, 2013
The Statehouse FileStarting July 1, pharmacists will be able to offer a much wider variety of immunizations to customers, in an effort from lawmakers
to make health care more accessible.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!