News & Analysis

Daniels revives agency mistakenly canceled

July 9, 2011
Associated Press
Gov. Mitch Daniels has signed an order restoring Indiana's largest state agency, the human services department, after it was accidentally eliminated due to a mistake in a new state law.
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Ultrasound broker finds stronger market overseasRestricted Content

July 9, 2011
Gabrielle Poshadlo
Used parts are in demand as health care reform changes industry dynamic.
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Hendricks Regional, YMCA debut fitness centerRestricted Content

July 9, 2011
Marc D. Allan
Partnership combines wellness, hospital services.
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Rural broadband provider Omnicity racks up legal bills tied to acquisitions

July 9, 2011
Chris O'Malley
The latest of at least five suits filed since early last year involves Columbus, Ohio-based SZD Whiteboard, a consulting firm the company used to identify acquisition targets.
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Turnaround experts eye state schoolsRestricted Content

July 9, 2011
J.K. Wall
Interventions by state officials next month in as many as 18 struggling schools will open Indiana to a new and unproven breed of private education entities that have sprung up in just the past decade. That introduction is likely to be smaller than originally thought, but have far-reaching ramifications.
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DJ says diverging from playlist cost him jobRestricted Content

July 9, 2011
Marc D. Allan
Former WFMS-FM 95.5 on-air personality J.D. Cannon said he was fired for insubordination after Jan Jeffries, Atlanta-based senior vice president of programming for Cumulus, heard WFMS play “Long Black Train” by Josh Turner and “Killin’ Time” by Clint Black.
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Agency: Duke customers shouldn't pay $530M in overruns

July 8, 2011
Chris O'Malley
The Indiana Office of Utility Consumer Counselor has filed a blistering rebuke of Duke Energy Corp. for the high cost of its Edwardsport coal-gasification plant and has asked regulators to deny Duke’s request to charge ratepayers $530 million for cost overruns.
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Black Expo changes to come after Summer Celebration

July 8, 2011
Scott Olson
Organization directors will announce in August any recommendations from an outside consultant brought in after employees voiced concerns about the leadership of president and CEO Tanya Bell.
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Indiana toll road came up $209M short in 2010

July 8, 2011
Bloomberg News
Now five years old, the Indiana Toll Road deal has yet to turn a profit, or break even, for its two overseas investors. The $3.8 billion contract, however, has been a bargain for the taxpayers of Indiana.
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Palladium works out kinks in accessible seating

July 8, 2011
Kathleen McLaughlin
The staff at the Palladium in Carmel will receive more training on how to accommodate people with disabilities after a would-be concertgoer said she was denied a pair of $20 tickets.
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Solar panel maker says Indiana factory on track

July 8, 2011
Associated Press
A solar panel manufacturer says its plans remain on track to start production at an unfinished auto parts factory in central Indiana. Abound Solar, which projects it could eventually have up to 1,000 employees, said it may begin hiring some workers this year.
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City exploring Mass Ave redevelopment options

July 8, 2011
Scott Olson
Property that houses Indianapolis Fire Department facilities on North New Jersey Street, bordering Massachusetts Avenue, could be sold to private developers. In turn, city police and fire services could be better connected.
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Simon Property Group signs CEO to long-term contract

July 8, 2011
 IBJ Staff and Bloomberg News
Indianapolis-based Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the largest U.S. mall owner for the next eight years—and give him a one-time award worth $120 million.
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J&J completes sale of animal-drug business to Lilly

July 7, 2011
Associated Press
Janssen Pharmaceutica said Thursday it has completed the sale of its animal health business to Eli Lilly and Co. Inc.
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Indiana fireworks tax raises millions for training

July 7, 2011
Associated Press
State budget officials said Indiana took in $2.5 million from the special 5-percent public safety tax on fireworks during the 2011 fiscal year that ended June 30. That indicates about $51 million in retail fireworks sales around the state during that time.
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McNamara moving from Broad Ripple after 57 years

July 7, 2011
Scott Olson
The florist is moving from the Broad Ripple retail space it has occupied since 1954. Local developer Buckingham Cos., which purchased the property in 2000, is preparing for the redevelopment of Monon Place.
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Outgoing CEO: After 'near-death experience,' CNO doing well

July 7, 2011
J.K. Wall
CEO Jim Prieur got more than he bargained for when he took over CNO Financial Group (then-Conseco) five years ago, but he said he's ready to step down now that the insurer is in good shape.
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Downtown garden growing more than food

July 7, 2011
Andrew Smith
Now in its second year, the Wishard Slow Food Garden grows produce for local markets, restaurants and residents alike. And from 11 a.m. to 2 p.m. on Thursdays, consumers can sample some of the harvest as the Duos Indy Mobile Kitchen sets up shop a few steps away.
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Advanced Physical Therapy acquired by Illinois company

July 6, 2011
Bolingbrook, Ill.-based ATI Physical Therapy has acquired Advanced Physical Therapy, which has 175 employees and ranks among the city's largest operators of physical therapy clinics.
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CNO says CEO Prieur to retire, to be replaced by CFO

July 6, 2011
J.K. Wall
Jim Prieur will retire as CEO of CNO Financial Group Inc. on Sept. 30 and will replaced by the company’s chief financial officer, Ed Bonach, the company announced Wednesday.
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Navistar seeks more tax breaks after old deal failed

July 6, 2011
Scott Olson
The company, which had planned to close its Brookville Road plant, now is set to create 250 new jobs by investing $19 million in new equipment. It previously received $18 million in tax breaks and repaid $5 million to the city.
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Carrier to invest $36.5M in local plant, create 276 jobs

July 6, 2011
Carrier Corp. has spent $32 million to upgrade equipment in Indianapolis and plans to invest another $36.5 million to start a second production line, creating 276 jobs at the plant. The company is seeking a tax abatement to help offset the costs.
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Shelbyville manufacturer takes on big name in tumblers

July 6, 2011
Kathleen McLaughlin
A Shelbyville manufacturer is seeking to cancel a trademark held by Tervis Tumbler Co., which built a $75 million business around making double-walled plastic cups.
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LEADING QUESTIONS: Conrad's top chef rustles up advice

July 6, 2011
Mason King
LQ_Matiya_WatchVideoDo you need a culinary degree to be an executive chef? How do you serve hundreds at a time? What's the difference between cooking for Hoosiers and Floridians? Michelle Matiya boils it down.
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Amazon planning fourth area distribution center

July 6, 2011
Kathleen McLaughlin
Amazon.com plans to open a second warehouse in Plainfield this year, the company announced Wednesday. The online retailer's fourth location in central Indiana is expected to create hundreds of jobs.
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