News & Analysis

Stock market rebounds from worst day of the year

April 16, 2013
Associated Press
Good news on housing and earnings Tuesday morning helped stocks recover from a dismal Monday, when stocks suffered their biggest one-day decline since November.
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Construction begins on $16M downtown apartment project

April 16, 2013
Scott Olson
The property at 800 N. Capitol Ave. is receiving a total rehab from two local developers that are retrofitting the building with 111 apartments.
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Four ex-IRS call center workers convicted of fraud

April 16, 2013
Associated Press
The four individuals received more than $30,000 in jobless benefits while working at an IRS call center in Indianapolis.
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House OKs high-fence hunting bill, but fate murky

April 16, 2013
Associated Press
Supporters of the bill say it is needed to resolve an eight-year-old lawsuit over attempts by the Indiana Department of Natural Resources to shut down the existing deer preserves.
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Report: Medicaid expansion could juice economy

April 15, 2013
J.K. Wall
Proponents of a Medicaid expansion in Indiana are playing up the economic boost the state and its businesses could see from the expansion of health insurance coverage called for by President Obama’s health reform law.
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Mini-Marathon, Speedway review security after Boston blasts

April 15, 2013
Associated Press
The Indianapolis 500 and 500 Festival Mini-Marathon will evaluate security procedures for their events after explosions Monday hit the Boston Marathon. An Indiana Pacers game in Boston was called off.
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House OKs IMS bill, despite dispute over funding source

April 15, 2013
 The Statehouse File
A bill to help pay for $100 million in improvements at the Indianapolis Motor Speedway passed the House on Monday—but only on its second try, as some lawmakers expressed frustration about tapping horse racing money for the projects.
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Falling commodities give Dow worst day of the year

April 15, 2013
Associated Press
The Dow Jones industrial average tumbled 265.86 points Monday to close at 14,599.20, a decline of 1.8 percent.
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State legislator defends supporting daughter's client

April 15, 2013
Associated Press
A powerful Indiana House Republican on Monday defended his decision to support a Utah company his daughter represents as a Statehouse lobbyist, one week after Gov. Mike Pence placed a hold on state aid to a company run by the lawmaker's son.
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Pacers safe in Boston after bomb attack at marathon

April 15, 2013
 IBJ Staff
The team was in Boston Monday, preparing for its upcoming game against the Celtics. At least two people were killed and dozens wounded in a bomb attack near the finish line of the Boston Marathon.
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Lower tuition OK'd for some illegal immigrants

April 15, 2013
Associated Press
Persons who entered the country illegally and were attending Indiana public colleges when a state immigration law passed two years ago would again be eligible for in-state tuition rates under a bill approved by the Indiana House.
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Pence signs bills for job-training councils

April 15, 2013
Associated Press
Indiana will create two commissions that aim to increase vocational education in high schools and better coordinate job training programs under bills signed by Gov. Mike Pence.
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Q&A

April 15, 2013
J.K. Wall
Mike Ripley, a health care lobbyist for the Indiana Chamber of Commerce, talked about the business group’s views on a proposed expansion of coverage by the Indiana Medicaid program. As it stands now, the 2013 Indiana budget bill includes a plan passed by the Senate as Senate Bill 551, which would have OK’d the Pence administration to negotiate a block grant deal with the U.S. Department of Health and Human Services to expand Medicaid coverage via a program like the Healthy Indiana Plan. When that bill was altered in the House to remove the block grant concept, the Chamber dropped its support. The altered House bill is now dead, and the original Senate plan has been added to the budget bill. Its ultimate fate is still unknown
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Allison expects 50-percent drop in quarterly earnings

April 15, 2013
Associated Press
The Indianapolis-based transmissions manufacturer said its profit would be hurt by a steep drop in revenue in the first quarter.
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Lilly seeks $30.6M in tax breaks on downtown projects

April 15, 2013
Mason King
Indianapolis development officials on Wednesday will weigh the 10-year requests from the pharmaceuticals giant related to a new manufacturing plant and improvements to existing operations downtown.
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Analysts: Lilly faces 'ugly' period until its pipeline produces

April 15, 2013
J.K. Wall
Investor smiles about new experimental cancer drugs and an aggressive play for the animal health market in China turned to frowns after Lilly disclosed deep cuts to its U.S. sales force.
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Some states dropping GED as test price spikes

April 14, 2013
Associated Press
New version of ubiquitous test also will no longer be offered in pencil and paper format.
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Food trucks find patchwork of rules in northern suburbs

April 13, 2013
Andrea Muirragui Davis
As the food truck industry heats up in Indianapolis, leaders of its fast-growing northern suburbs are starting to rewrite the rules of the road.
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Greenwood's Old Town revival targets sidewalks, traffic flow

April 13, 2013
Dan Human
Greenwood city officials are in the early stages of a downtown revitalization plan that would begin with an investment of up to $9 million designed to make Old Town more appealing to both vehicle and foot traffic.
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Butler set to unveil $15 million Schrott Center for ArtsRestricted Content

April 13, 2013
Lou Harry
The new, 450-seat Howard L. Schrott Center for the Arts at Butler University fills a venue gap between the school's two theaters that each seat about 100 and the 2,200-seat Clowes Memorial Hall.
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IU medical school's push to launch startups bears fruitRestricted Content

April 13, 2013
J.K. Wall
The Indiana University School of Medicine has launched 12 companies in the past 18 months—a burst of startup activity the school has never seen before.
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Applications to Indiana law schools witherRestricted Content

April 13, 2013
Scott Olson
Applications to three of the four law schools in the state are in free fall as prospective students think twice about taking on mountains of debt at a time job prospects are dim.
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'Beer geeks' hatch plan for east-side hops farm

April 13, 2013
Scott Olson
A couple of fledgling entrepreneurs hope to tap into the increasing popularity of local microbreweries—not by starting one but by supplying them with a key flavoring ingredient integral to making beer.
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Digital marketers try to cut through clutterRestricted Content

April 13, 2013
Chris O'Malley
Element Three is among dozens of ad/marketing firms in the city that put digital marketing—in a dizzying array of formats and specialties—front-and-center. Often led by “millennial” types in their 20s and 30s to whom things like social media are second nature, they’re giving ensconced agencies a run for their money.
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Indiana pension shifts to international bondsRestricted Content

April 13, 2013
The Indiana Public Retirement System recently issued a request for proposals from international fixed-income managers and received 16 responses by the April 5 deadline. The $27.1 billion retirement system will hire two managers to oversee $900 million.
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  1. Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.

  2. Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!

  3. Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.

  4. As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.

  5. Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.

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