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News & Analysis
Securities firm Stifel Nicolaus balks at fraud charge
October 10, 2009
Peter SchnitzlerTransactions cited in the complaint involved advisers scattered across the firm’s seven Indiana offices, though two-thirds
were clients of Jeff Cohen.
MoreGrocery, housing projects could rejuvenate stretch of 16th Street
October 10, 2009
Cory SchoutenA troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
MoreIndiana State Museum chief trying to define brand on tight budget
October 10, 2009
Kathleen McLaughlinThe museum finally has a brand—it bills itself as a “center for science
and culture”—but don’t expect a splashy campaign.
MoreIndustrial real estate holding up during downturn
October 10, 2009
Industrial real estate in Indianapolis hasn’t escaped a bumpy ride caused by the recession, but it has managed to
withstand turbulence better than the office and retail sectors.
MoreDowntown public art campaign loses funding
October 10, 2009
Kathleen McLaughlinThe organizations that spearheaded the city’s public art campaign are crippled for a lack of funding. While other public
art efforts are under way in Indianapolis, no one organization has the money to commission an exhibit large enough to fill
downtown.
MoreMy Health Care Manager lands $3 million investment
October 10, 2009
Peter SchnitzlerThe company, which guides working adults and their parents through the maze of decisions and agencies involved in care for
seniors, plans to use the money primarily to augment its sales staff and operations.
MoreProposed Fishers medical park faces uncertain demand
October 10, 2009
Scott OlsonThe business park would encompass about 900 acres on the town’s northeast side and require rezoning
of much of the land, from residential and agriculture to commercial.
MoreLucas Oil out to build on Jiffy Lube deal
October 10, 2009
Anthony SchoettleOne year after emblazoning its name on the Indianapolis Colts’ mammoth new home, Lucas Oil Products Inc. has leveraged
that sponsorship into a pact with Jiffy Lube that company founder Forrest Lucas thinks will score huge profits for his company.
MoreFirms line up to find new uses for old airport terminal, other properties
October 10, 2009
Chris O'MalleyThe cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
MoreKroger ads in Star grab attention, raise eyebrows
October 10, 2009
Anthony SchoettleA new eye-grabbing advertising design in The Indianapolis Star has some wondering where ad content stops and news
content begins.
MoreIndiana life sciences leaders discover dozens of tiny outsourcing companies
October 10, 2009
Chris O'MalleyBioCrossroads, an Indianapolis-based not-for-profit, is cataloging Indiana businesses offering contract services to pharmaceutical
and biotechnology companies, and discovering many small firms operating in relative obscurity.
MoreArea home sales stronger, prices still down
October 9, 2009
Scott OlsonHome-sale agreements in the nine-county Indianapolis area ticked up in September, due in large part to first-time homebuyers
enticed by large tax breaks.
MoreEconomist: Recovery at hand, but barriers exist
October 9, 2009
Scott Olson
Leading
indicators show that an economic recovery likely will take hold in 2010, although several challenges remain that could delay
a solid rebound from the worst recession in a generation, an economist said Friday morning at IBJ's annual Economic Forecast.
WellPoint shares partially recover after Thursday plunge
October 9, 2009
J.K. WallShares of WellPoint Inc. partially recovered Friday morning after a plunge was touched off Thursday by gathering momentum
behind health care reform and talk of a windfall-profit tax by Speaker of the House Nancy Pelosi.
MoreEmmis smacked with quarterly loss of $135M
October 9, 2009
IBJ StaffEmmis Communications Corp. suffered a whopping loss of $135.6 million in its most recent fiscal quarter, the Indianapolis-based
media company reported Friday morning.
MoreDaniels warns of more cuts amid revenue declines
October 8, 2009
Scott OlsonIndiana Gov. Mitch Daniels warned Thursday morning that more state budget cuts could be forthcoming in light of a prolonged
drop in
tax collections. Indiana collected $3.3 billion in total revenue during the fiscal first quarter, 14 percent less than the
same period last year.
MoreAnonymous donor gives $5 million to Marian University
October 8, 2009
IBJ StaffMarian University has received an anonymous $5 million gift to support student scholarships, the Indianapolis-based school
announced Wednesday.
MoreAccuride restructuring under Chapter 11 bankruptcy
October 8, 2009
Evansville-based Accuride Corp. filed for Chapter 11 bankruptcy protection Thursday as part of a restructuring of debt.
MoreControversial downtown project to get tax abatement
October 7, 2009
Scott OlsonThe Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial
public-private plan to redevelop a vacant downtown office building.
MoreLilly settles Zyprexa suit with S. Carolina
October 7, 2009
IBJ StaffEli Lilly and Co. has agreed to settle the State of South Carolina's lawsuit that claimed Lilly improperly marketed the antipsychotic
drug Zyprexa, according to Bloomberg News.
MoreFever exec 'confident' about team's future
October 7, 2009
Scott OlsonAs the Indiana Fever try to win their first WNBA championship, an executive with the team's parent organization
is
optimistic the women’s basketball squad will remain in Indianapolis.
MoreSymphony musicians, management take big pay cuts
October 7, 2009
Kathleen McLaughlinIndianapolis Symphony Orchestra musicians will take a 12-percent pay cut this year, saving the cash-strapped organization
$4 million. Management-side salary reductions should save another $2 million.
MoreIU: Indiana economy turned in March
October 7, 2009
Norm HeikensThe Indiana economy turned up in March, but the recovery has been slow and dogged. That's the picture painted by a new
monthly index unveiled Wednesday by the Indiana Business Research Center within the Kelley School of Business at Indiana University.
MoreSenate bill doesn't fund Rolls-Royce jet engine
October 7, 2009
IBJ Staff and Associated PressThe measure holds potential bad news for Indianapolis engine maker Rolls-Royce because it does not contain funding for a key
jet engine the company produces, but lawmakers are expected to restore funding when the Senate and House combine bills into
a final version.
More'Makeover' making another trip to central Indiana
October 7, 2009
IBJ StaffPopular ABC show 'Extreme Makeover: Home Edition' is returning to central Indiana.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.