News & Analysis

HHGregg shares slide on disappointing quarterly results

July 31, 2014
 IBJ Staff
HHGregg Inc. lost more money than expected in its latest quarter as sales slumped dramatically, the Indianapolis-based appliance, electronics and furniture retailer reported Thursday morning.
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Pence pushes Medicaid alternative with HHS chief

July 30, 2014
Associated Press
Gov. Mike Pence told U.S. Health and Human Services Secretary Sylvia Burwell that he wants to maintain Indiana's "freedom and flexibility" under any expansion of Medicaid.
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Indiana education split plays out in No Child request

July 30, 2014
Associated Press
A new critique of Indiana's efforts to maintain its exemptions from the No Child Left Behind requirements, written by top staff to Gov. Mike Pence, is widening a rift between state education leaders as federal officials near a decision on the waiver.
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Duke Realty reports strong quarterly results

July 30, 2014
 IBJ Staff
Duke Realty Corp. saw a surge in revenue, profit and funds from operations in the second quarter compared with a year ago, the Indianapolis-based real estate developer said late Wednesday afternoon.
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Fed offers no clearer hint on first rate increase

July 30, 2014
Associated Press
The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less help. But it's offering no clearer hint of when it will start raising its benchmark short-term interest rate.
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Probe exposes flaws behind HealthCare.gov rollout

July 30, 2014
Associated Press
Management failures by the Obama administration set the stage for the computer woes that paralyzed the president's new health care program last fall, nonpartisan investigators said in testimony released Wednesday.
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Venue change granted for Indy house blast suspect

July 30, 2014
Associated Press
Judge Sheila Carlisle granted the request for Mark Leonard on Wednesday after prosecutors withdrew their objection to the change-of-venue request.
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Revised data: Economy grew faster in 2nd half of 2013

July 30, 2014
Associated Press
Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
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Speedway officials seek new ways to attract fans

July 30, 2014
Associated Press
Every year the challenge of keeping racing fans engaged gets a little tougher as organizers increasingly compete against other sports and children's events while trying to get fan dollars in a still-tough economy.
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Ballard proposes $50M preschool program as part of crime initiative

July 30, 2014
J.K. Wall
Mayor Greg Ballard on Wednesday proposed a 5-year program to pay for preschool for 4-year-olds from low-income families. He also floated hiring another 280 police officers. The cost to the average household would be $86 per year.
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Indy Fuel inks broadcast agreement with WRTV

July 30, 2014
 IBJ Staff
The city's new professional hockey team, the Indy Fuel, said Wednesday that it has reached a broadcast agreement with WRTV Channel 6 to televise the team's 36 home games during the 2014-15 season.
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WellPoint beats expectations despite smaller profit

July 30, 2014
Associated Press, J.K. Wall
WellPoint Inc.'s profit fell in the second quarter, but still topped Wall Street's expectations. The health insurer raised its full-year profit forecast and projections for enrollment in its health plans.
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Marketing firm hired to find Fairgrounds Coliseum sponsor

July 30, 2014
Scott Olson
Denver-based Impression Sports & Entertainment announced Tuesday that it’s been retained to secure a naming-rights sponsor for the recently renovated coliseum.
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For-profit colleges tap GI Bill loophole for business

July 30, 2014
Bloomberg News
The so-called “90/10 rule” limits a for-profit college to getting no more than 90 percent of its revenue from the government. However, veterans’ and military tuition programs are excluded from the cap, and the colleges have aggressively recruited from the military.
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Pence wants immigrant children returned to home countries

July 29, 2014
Associated Press
Pence said Tuesday he did not learn about the placement of more than 200 immigrant children with Indiana families until reading about it in news reports. Thousands of unaccompanied children have migrated to the U.S. illegally this year.
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Connecticut nixes rate increase by WellPoint subsidiary

July 29, 2014
Associated Press
Anthem told regulators that the 12.5-percent rate increase was needed because of higher costs for medical services, pharmaceuticals and fees levied by the federal government as part of the Affordable Care Act.
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Soldiers get $92M in debt relief under settlement

July 29, 2014
Associated Press
Thirteen states, including Indiana, have settled an investigation into improper lending with a court agreement that is expected to provide $92 million in debt relief for 17,800 U.S. military personnel.
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Three-drink limit for beer, wine at Indiana State Fair

July 29, 2014
Associated Press
Strict limits will be in place when the Indiana State Fair sells alcoholic drinks for the first since 1946 when its 17-day run begins Friday.
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UPDATE: Court allows education board lawsuit to proceed

July 29, 2014
Associated Press
A Marion County judge has cleared the way for a lawsuit to proceed against members of the State Board of Education that alleges public access violations.
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Church wants to put sewer-overflow plan on hold

July 29, 2014
Dennis Barbosa
A Carmel church is asking a Clay Township utility to withdraw its offer to buy part of the church's land for a sewer-overflow tank so that church officials can conduct research and meet with neighbors for input.
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NCAA settles head injury suit, will change rules

July 29, 2014
Associated Press
In a deal expected to "change college sports forever," the NCAA agreed Tuesday to settle a class-action head injury lawsuit by creating a $70 million fund to diagnose thousands of current and former college athletes to determine if they suffered brain trauma.
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Shopping mall owner offers $5.6B for competitor

July 29, 2014
Bloomberg News
Klepierre SA, which is partly owned by Indianapolis-based Simon Property Group, has offered to buy Dutch competitor Corio NV to solidify its position as Europe’s second-largest publicly traded-shopping mall operator.
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Indiana BMV asks court to delay vanity plate sales

July 29, 2014
Associated Press
The Indiana Bureau of Motor Vehicles has asked the state Supreme Court for permission to continue its suspension on sales of vanity plates until a court case is settled.
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Hunt Construction acquired by L.A. engineering firm

July 29, 2014
Scott Olson
The city's largest construction contractor, whose local projects include Lucas Oil Stadium and the JW Marriott hotel, has been acquired by Los Angeles-based engineering firm Aecom Technology Corp.
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Speedway roundabout expected to spur economic development

July 29, 2014
Scott Olson
The reconfiguring of the roadways represents the town's latest attempt to become a year-round racing destination.
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  4. Elected officials, like Mourdock, get vested in 8 years. It takes 10 years for all other public employees, most of whom make a lot less money. So much for the promise to finish out his term.

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