News & Analysis

City's last independent map retailer set to fold

May 19, 2011
Scott Olson
Odyssey Map Store in downtown Indianapolis will close Aug. 31 after a 27-year run. The owners attribute the closing to the proliferation of GPS devices and smart phones.
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Franciscan Alliance takes control of VNS home health agency

May 19, 2011
J.K. Wall
Visiting Nurse Service Inc., a 200-employee agency based in Indianapolis, will operate under the umbrella of Franciscan St. Francis Health, the organizations announced Thursday.
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Businessman settles with SEC in fraud case

May 19, 2011
Francesca Jarosz
A Sheridan businessman has reached a settlement with the Securities and Exchange Commission in a case alleging he bilked investors, engaged in illegal trading practices and misappropriated funds.
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Best Buy closing Franklin warehouse; 301 jobs lost

May 19, 2011
The Minneapolis-based appliance and electronics retailer plans to close the facility by the end of March. Employees will be terminated in phases beginning in July.
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Cash-strapped IU closing Continuing Studies School

May 18, 2011
Associated Press
Indiana University says continuing financial pressures have led to the planned closing of its School of Continuing Studies, which serves about 4,000 students around the state.
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Indiana Downs owner halts lawsuit amid bankruptcy

May 18, 2011
Bloomberg News
Cordish Cos., a real-estate developer trying to build a casino near Baltimore, must temporarily halt a defamation lawsuit against the chief executive officer of Shelbyville casino owner Indianapolis Downs LLC, a federal judge said Tuesday.
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City proceeding with public safety complex at Eastgate

May 18, 2011
Scott Olson
City-County Council grants approval for the city to enter into a 25-year lease with the owner of the former Eastgate mall to take 76,000 square feet for a Regional Operations Center.
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Venture capitalist eyeing seventh education documentary

May 18, 2011
Francesca Jarosz
Former CID Equity Partners exec Bob Compton spends most of his time these days on education documentaries, which have largely focused on what successful school systems do and how that might be applied in the United States.
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Riley Hospital CEO resigns

May 18, 2011
Dan Fink, who joined Riley Hospital for Children nearly six years ago, will depart Friday. Marilyn Cox will serve as interim president and CEO while Riley conducts a national search for a new leader.
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LEADING QUESTIONS: Wishard's top doc stays true to roots

May 18, 2011
Mason King
LQ_Harris_watchVideoHow can practicing medicine prepare you for a CEO post? And why is it smart to continue seeing patients once you get the top job? Dr. Lisa Harris will see you now with answers.
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City proposes stricter towing rules

May 18, 2011
A proposed ordinance would crack down on "predatory" towing practices by requiring tow-truck operators to adhere to several rules meant to protect consumers.
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Growth in drug spending to slow as generics rise

May 18, 2011
Bloomberg News
The annual growth rate in spending on drugs may be cut in half over the next five years as people opt for less expensive generic medicines over brand-name treatments, a health-care research group said Wednesday, highlighting the challenge pharmaceutical firms like Eli Lilly and Co. are facing.
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Gregg's lobbying record doesn't worry Democrats

May 17, 2011
Associated Press
Many of the same Democrats who blasted Republican Sen. Dan Coats last year for his time spent as a federal lobbyist are backing Democratic gubernatorial candidate John Gregg, who's a registered lobbyist in Indiana.
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Brightpoint bringing 100 jobs to central Indiana

May 17, 2011
Kathleen McLaughlin
Brightpoint Inc. will add 100 jobs in Plainfield as it moves its Touchstone Wireless operations from Bristol, Tenn., the company announced late Tuesday afternoon.
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Ratio finishing City Market design work

May 17, 2011
Scott Olson
The architectural firm is set to be awarded a $120,000 contract to complete the work after the original designer of the renovations, Woollen Molzen and Partners Inc., disbanded last month.
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WellPoint approves annual 'say on pay' measure

May 17, 2011
J.K. Wall
Shareholders of WellPoint Inc. approved on Tuesday the hefty pay packages of the company’s executives and voted for the right to weigh in annually on future executive compensation.
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Fortune turns profit in first quarter on higher revenue

May 17, 2011
The Indianapolis-based professional employer organization reported a profit of $265,000 in the first quarter after posting a loss of $426,000 in the same three months last year.
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Butler provost named university’s interim president

May 17, 2011
Jamie Comstock will serve as temporary leader from June 1 to Aug. 1, as Butler University makes the transition between outgoing President Bobby Fong and President-elect James Danko.
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Notre Dame says no to ‘Made in China’ on Irish goods

May 17, 2011
Bloomberg News
Ten years after adopting its policy, Notre Dame remains the only major U.S. university that forbids license holders such as Adidas AG to put the school logo on any product from China.
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Fountain Square project to include concert venue

May 17, 2011
Tom Harton
The new owner of a 110-year-old building in the heart of Fountain Square is planning a renovation and expansion that will turn it into a restaurant, bar and 450-seat music hall called Pioneer.
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New laws affect commercial property owners

May 17, 2011
Tom Harton
Three bills with implications for owners of commercial real estate were approved by the General Assembly and have been signed by Gov. Mitch Daniels.
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Prescription drug abuse growing problem in Indiana

May 16, 2011
Associated Press
Prescription drugs are playing an increasing role in the drug-related crimes that are filling up Indiana's prisons, prison officials and prosecutors said.
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Indianapolis council OKs razing of Keystone Towers

May 16, 2011
Associated Press
The City-County Council in Indianapolis has voted to spend $4 million to demolish the abandoned 15-story Keystone Towers and the long-vacant former Winona Hospital.
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Area home-building activity shows April uptick

May 16, 2011
In the nine-county area, the number of building permits filed in April climbed to 361, an increase of 10 percent from the same month in 2010.
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Economists: Lower growth, higher oil prices coming

May 16, 2011
Associated Press
The predictions of the economists reflect the jitteriness of a public that is still recovering from the financial crisis and now getting squeezed by rising prices for gas, groceries and other household items.
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  4. The question is, where could they build a new stadium? It seems in the past year, all the prime spots have been spoken for with potential projects. Maybe in the industrial wasteland area a block past Lucas Oil? I think it needs to be close to the core, if a new stadium is built.

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