News & Analysis

Hospitals' finances improve somewhat in 2010Restricted Content

March 26, 2011
J.K. Wall
It was a good but not great year financially for three of the four largest hospital systems operating in the Indianapolis area last year—and hospital analysts are expecting several head winds to continue.
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WXLW beats odds to stay in sports-talk radioRestricted Content

March 26, 2011
Anthony Schoetle
Small Franklin station has survived loss of ESPN affiliation, emergence of better-funded competitors.
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High-end home audio gear will be made in IndianaRestricted Content

March 26, 2011
Kathleen McLaughlin
A team of former Klipsch Group engineers has spent the two years trying to infuse high-end home audio equipment with the all-in-one sophistication of a smartphone.
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Versus forces IndyCar to kill online streamingRestricted Content

March 26, 2011
Anthony Schoettle
IndyCar's television partner is planning its own online content, but that doesn't satisfy some racing fans.
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IU Health cancels $73M project, acquires Gateway PlazaRestricted Content

March 26, 2011
J.K. Wall
Indiana University Health has canceled its plans for a $73 million administrative office building at 16th Street and Capitol Avenue and has instead purchased the Gateway Plaza tower at 10th and Illinois streets.
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Can China maintain pace of economic growth?

March 26, 2011
Greg Andrews
People talk about China’s continued economic growth almost as if it is a foregone conclusion, but not all economists are so sure.
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Cummins' early start revs growth in China

March 26, 2011
Greg Andrews
Columbus-based engine maker Cummins Inc. has been building business in China for 30 years, long before many U.S. companies had even begun formulating a China strategy.Cummins now employs 8,000 people in China and racked up 2010 sales of $3.1 billion.
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Demographic shift steers Lilly's Asian operations

March 26, 2011
Greg Andrews
China remains a small market for Eli Lilly and Co. It generated $320 million in sales for the company in 2010, just 1.3 percent of its $23 billion in sales worldwide. But Lilly has big ambitions in China and is racing to capitalize on its rapid economic growth.
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Maturing Chinese market gives WellPoint new prospects

March 26, 2011
Greg Andrews
Premiums for private health insurers in China are expected to rise to $90 billion by 2020 from $9 billion now, and WellPoint Inc. is angling for a big piece of that pie.
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City names new golf manager for Eagle Creek

March 25, 2011
Scott Olson
Golf club's former operator defaulted on loan agreement, forcing city officials to make $222,724 in payments and search for another contractor to manage it.
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Sluggish demand for electric car forces layoffs at Ener1

March 25, 2011
Kathleen McLaughlin
Battery maker Ener1 has laid off about 3 percent of its 770 employees worldwide, partly because of lower-than-expected demand from the Think electric car being assembled in Elkhart. It had about 380 workers in central Indiana.
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Toning-shoe trend fading, but doesn't trip up Finish Line

March 25, 2011
Cory Schouten
The toning trend in athletic shoes apparently has run its course. Sales of the oddly shaped shoes fell more than 45 percent in the fourth quarter for The Finish Line Inc., but the local retailer still posted improved profit and revenue.
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State unemployment rate drops to 8.8 percent

March 25, 2011
The February decline marks the first time the state's jobless rate has been below 9 percent since December 2008. Still, the state lost 1,600 private-sector jobs and 6,300 government jobs in February.
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Brightpoint settles lawsuit with vendor

March 25, 2011
Scott Olson
The distributor of wireless phones agreed to drop its complaint, which accused a Massachusetts software provider of fraud and negligence in addition to breaching its agreement and warranty.
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Butler University to close 102-year-old dance academy

March 25, 2011
 IBJ Staff
Butler University said Thursday that it plans to close its Jordan Academy of Dance due to economic reasons. The academy, which has more than 200 students, ages 3-17, will shut down May 31.
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Finish Line reports rise in quarterly earnings, sales

March 25, 2011
Associated Press
The Indianapolis-based retailer earned $34.3 million in its fiscal quarter, compared with $30.6 million a year ago. Revenue rose 2.7 percent, to $384.6 million.
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No breakthrough in talks to end Indiana House walkout

March 24, 2011
Associated Press
Legislators from both parties threw cold water Thursday on optimism about a breakthrough ending the month-long boycott by Indiana House Democrats.
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Indiana incomes rose in 2010 despite jobless rate

March 24, 2011
Associated Press
A new federal report shows that Indiana residents' personal income grew last year at one of the fastest rates in the nation.
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Pentagon issues 90-day stop-work order on GE-Rolls engine

March 24, 2011
Bloomberg News
The U.S. Defense Department on Thursday directed General Electric Co. and Rolls-Royce Group Plc to halt work on a second engine for the F-35 Joint Strike Fighter until there is more explicit direction in the fiscal 2012 budget.
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UPDATE: City lures new convention chief

March 24, 2011
Chris O'Malley
The Indianapolis Convention & Visitors Association has hired Leonard Hoops, executive vice president for the San Francisco Travel Association, to replace Don Welsh as its new president and CEO.
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New convention chief impressed with Indianapolis' vision

March 24, 2011
Chris O'Malley
An executive headhunter had been dogging Leonard Hoops for years about various career opportunities around the country. He always dismissed the leads—until recently, when he was told about the CEO vacancy at the Indianapolis Convention and Visitors Association.
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Luna Music closes Mass Ave. store

March 24, 2011
Scott Olson
Closure leaves locally owned independent record shop with one location, in Meridian Kessler, as the industry struggles to compete with digital downloading.
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Indiana bill enhances rural areas for young entrepreneurs

March 24, 2011
Scott Olson
A bill signed by Gov. Mitch Daniels will create a type of auction among rural communities for young entrepreneurs graduating from some universities in the state.
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LEADING QUESTIONS: Startup a study in quick growth

March 23, 2011
Mason King
LQ_Bohlsen_Watch_videoVicki Bohlsen explains how her solo PR firm with $25,000 in seed money grew to 14 employees with $780,000 in revenue in one year.
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Smoking bill needs exemptions to survive Senate

March 23, 2011
Associated Press
Health advocates will have to live with wide exemptions in a proposed statewide smoking ban because a stricter, more comprehensive ban wouldn't be able to pass the conservative Senate, the head of a Senate committee said.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

  4. GOOD DAY to you I am Mr Howell Henry, a Reputable, Legitimate & an accredited money Lender. I loan money out to individuals in need of financial assistance. Do you have a bad credit or are you in need of money to pay bills? i want to use this medium to inform you that i render reliable beneficiary assistance as I'll be glad to offer you a loan at 2% interest rate to reliable individuals. Services Rendered include: *Refinance *Home Improvement *Inventor Loans *Auto Loans *Debt Consolidation *Horse Loans *Line of Credit *Second Mortgage *Business Loans *Personal Loans *International Loans. Please write back if interested. Upon Response, you'll be mailed a Loan application form to fill. (No social security and no credit check, 100% Guaranteed!) I Look forward permitting me to be of service to you. You can contact me via e-mail howellhenryloanfirm@gmail.com Yours Sincerely MR Howell Henry(MD)

  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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