News & Analysis

East-side apartment complex facing foreclosure

May 5, 2011
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East 38th Street and North Franklin Road.
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Medical device manufacturer seeks abatement

May 5, 2011
Indianapolis-based Medivative Technologies plans to build a 9,000-square-foot addition to its east-side facility and spend $2.5 million to equip it. The expansion should create 15 jobs.
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Eli Lilly pledges $2.5 million to Mind Trust

May 5, 2011
J.K. Wall
Eli Lilly and Co. plans to give $2.5 million toward a new fundraising campaign by the Mind Trust, an Indianapolis-based education reform group.
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Pence to enter race for Indiana governor

May 5, 2011
Associated Press
To no one's surprise, Republican Rep. Mike Pence said Thursday morning that he'll run for Indiana governor in 2012, giving the GOP an early edge in the race.
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Disasters sink Baldwin & Lyons quarterly results

May 5, 2011
 IBJ Staff
Earthquakes and flooding took a toll on Baldwin & Lyons Inc.’s first quarter results, the Indianapolis-based insurer announced Thursday morning.
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Justice Department to NCAA: Why no football playoff?

May 5, 2011
Associated Press
The U.S. Justice Department says there are "serious questions" about whether the current format of the college football playoff system complies with antitrust laws.
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House panel moves to revive alternate jet engine

May 4, 2011
Associated Press
A U.S. House panel on Wednesday took a step toward reviving the alternate engine for the next-generation F-35 fighter plane that the Indianapolis operations of Rolls-Royce Corp. had been working on until a month ago.
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Panel to rule in June on election chief challenge

May 4, 2011
Associated Press
The Indiana Recount Commission agreed Wednesday to rule by late June on whether indicted secretary of state Charlie White was eligible for office when he was elected six months ago.
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Butler University student wins Frankfort mayoral nod

May 4, 2011
Associated Press
A 23-year-old Butler University student is now a step away from becoming mayor of a small central Indiana city.
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LEADING QUESTIONS: Fast-growing firm handles ascent

May 4, 2011
Mason King
LQ_Meyer_watch VideoMichele Meyer, a former Air Force brat, piloted CSCI Consulting to 850 percent revenue growth over four years. So, why is her advice to "start small"? What obstacles await when a firm takes off?
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Kitchen incubator celebrates graduation of first user

May 4, 2011
Avec Moi, a company that prepares meals to go, is moving to a permanent home at 701 E. 62nd St. In recognition of the event, the city of Indianapolis awarded Indy's Kitchen a $17,000 grant.
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Calumet turns profit on higher product demand

May 4, 2011
The Indianapolis-based company reported first-quarter profit of $4.2 million after posting a loss in the year-ago period.
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Indianapolis Speedway exec wins Terre Haute nod

May 4, 2011
Associated Press
Democratic voters in Terre Haute have picked Indianapolis Motor Speedway executive Fred Nation to run against the city's incumbent Republican mayor this fall.
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Greenwood mayor rare incumbent to lose in area primaries

May 4, 2011
Four-term incumbent Charles Henderson was defeated, in part because of his plan to revitalize the city's downtown by destroying several historic buildings. Most other incumbent mayors in the Indianapolis metropolitan area were winners.
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Perry Township referendums pass, others fail

May 4, 2011
 IBJ Staff
Voters in the Metropolitan School District of Perry Township passed two referendums for increased school funding Tuesday night, but similar votes in Franklin Township and Avon failed.
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Auction services firm improves revenue, profit

May 4, 2011
 IBJ Staff
The parent company of the Adesa auto auction firm more than quadrupled its first-quarter profit on revenue that increased 5 percent.
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Ex-Indianapolis deputy mayor Kennedy wins primary

May 3, 2011
Associated Press
Former Indianapolis Deputy Mayor Melina Kennedy has easily won the city's Democratic mayoral primary and will face first-term GOP incumbent Greg Ballard in the November general election.
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J.D. Byrider sold to private equity firm

May 3, 2011
Scott Olson
The Indianapolis-based used-car chain has been acquired by Altamont Capital Partners near San Francisco, in a deal Byrider executives say will give the franchisor the necessary capital to grow.
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UPDATE: Republic Airways loses $22M on fuel, maintenance

May 3, 2011
 IBJ Staff and Associated Press
Indianapolis-based Republic Airways Holdings Inc. said it lost $22.4 million during the first quarter on higher fuel and maintenance costs.
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Verizon retirees coming to city to protest executive pay

May 3, 2011
 IBJ Staff
The Association of BellTel Retirees Inc. will press the board of Verizon Communications Inc. to tighten standards for executive pay when the New York company holds its annual meeting in Indianapolis this week.
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'Survivor' star looking for investors for casino game

May 3, 2011
Scott Olson
Rupert Boneham has created a casino table game and is searching for investors to help market it. A portion of the game's revenue will benefit his Indianapolis charity, Rupert's Kids.
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Duke Energy quarterly profit rises almost 15 percent

May 3, 2011
Associated Press
Duke Energy Corp.'s first-quarter earnings rose almost 15 percent on strong results from its international operations and lower corporate costs.
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School moving to vacant downtown building

May 3, 2011
Tom Harton
A small private school that serves gifted and talented students intends to move to a downtown building that has been vacant since a daycare center moved out three years ago.
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Watchdog: State agency heads colluded on gas deal

May 2, 2011
Chris O'Malley
Former Indiana Utility Regulatory Commission chief David Hardy and the state's then-finance director, Jennifer Alvey, improperly discussed the merits of a $6.9 billion contract the Indiana Finance Authority ultimately struck with operators of the Indiana Gasification plant proposed for Rockport, plant opponents alleged Monday.
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CNO Financial's first-quarter profits surge 59 percent

May 2, 2011
J.K. Wall
The Carmel-based life and health insurer earned $54 million, or 19 cents per share, topping the expectations of Wall Street analysts.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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  5. i will love to share my testimony to you all the people in world i got married to my husband about 2 year ago we start having problems at home like we stop sleeping on the same bed,fighting about little things he always comes home late at night,drinking too much and sleeping with other women out side i have never love any man in my life except him. he is the father of my child and i don't want to loose him because we have worked so hard together to become what we are and have today .few month ago he now decided to live me and the kid,being a single mother can be hard sometimes and so i have nobody to turn to and i was heart broken.i called my mom and explain every thing to her,my mother told me about DR.okoro how he helped her solve the problem between her and my dad i was surprise about it because they have been without each other for three and a half years and it was like a miracle how they came back to each other. i was directed to DR. okoro on his email:okorospell@gmail.com and explain everything to him,so he promise me not to worry that he will cast a spell and make things come back to how we where so much in love again and that it was another female spirit that was controlling my husband he told me that my problem will be solved within two days if i believe i said OK So he cast a spell for me and after two days my love came back asking me to forgive him i Am so happy now. so that why i decided to share my experience with every body that have such problem contact Dr okoro the great spell caster on his email addresses spellcasterforlove@outlook.com

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