News & Analysis

Final negotiations on Indiana budget start next week

April 21, 2011
Associated Press
A $28 billion budget proposal that cleared the Indiana Senate on Thursday includes a way to fine boycotting lawmakers — a provision Democrats oppose — and doesn't include an automatic taxpayer refund that the Republican governor wants.
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Bronze sculpture atop monument to be fixed

April 21, 2011
Associated Press
State officials say a bronze sculpture atop the Indianapolis Soldiers and Sailors Monument will be removed for repairs on Saturday.
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CVS to pay $858K over inflated drug claims

April 21, 2011
Associated Press
Indiana Attorney General Greg Zoeller says the state will get $858,000 from CVS Pharmacy Inc. to settle allegations that the company overcharged Medicaid programs.
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Senate OKs plan spurred by White indictment

April 21, 2011
Associated Press
The Indiana Senate has approved a bill that would allow Gov. Mitch Daniel to appoint a new secretary of state if indicted Republican Charlie White is found to be ineligible.
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Economic Club of Indiana getting new manager

April 21, 2011
Francesca Jarosz
The Indiana Chamber of Commerce, which has overseen the Economic Club of Indiana for the last three and a half years, will end its relationship with the group after May's luncheon.
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Closed northwest-side theater set to reopen

April 21, 2011
Scott Olson
A Chicago native and independent theater owner plans to reopen the old AMC Loews College Park 14 movie complex on April 29, under the new moniker of Movie Buff Theatre.
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Insurer coveted by Biglari sold to another firm

April 21, 2011
Scott Olson
Steak n Shake's parent company, Biglari Holdings, twice tried to acquire Fremont Michigan Insuracorp Inc. before the insurer agreed to be sold to Michigan-based Auto Club Insurance Association. Biglari, which owns nearly 10 percent of the insurer's shares, nevertheless was a winner in the sale.
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Enrollment, profit fall at ITT Educational

April 21, 2011
J.K. Wall
The Carmel-based operator of for-profit colleges earned $85.4 million in the three months ended March 31, a 2.4-percent decline from the same quarter a year ago.
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Indiana Senate backs setting daily fines for boycotts

April 20, 2011
Associated Press
Republican frustration over the five-week walkout by Indiana House Democrats re-emerged Wednesday as the state Senate approved a method for $1,000-a-day fines against boycotting legislators.
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Navistar recalling workers at Indianapolis plant

April 20, 2011
Associated Press
Navistar has recalled 120 workers who were laid off when Indianapolis Casting Corp. stopped production at the facility in late 2010 and plans to recall 30 more of those workers by June.
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GOP forges ahead with Indiana redistricting

April 20, 2011
Associated Press
Republicans who now fully control the Legislature and the redistricting process say they've followed their commitment to draw new districts that are compact and avoid splitting up cities and counties.
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One-third in Indianapolis use cellphones only

April 20, 2011
Associated Press
Estimates released Wednesday by the federal Centers for Disease Control and Prevention showed that 33.5 percent of adults in Indianapolis, which encompasses Marion County, use cellphones and lack traditional wired telephones.
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State's top anti-smoking agency could be abolished

April 20, 2011
Scott Olson
Indiana Tobacco Prevention and Cessation, formed in 2001 and funded by money from a settlement with the tobacco industry, may be consolidated into the state Department of Health as a budget-cutting measure.
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Bill would shift tax appeals in property owners' favor

April 20, 2011
Francesca Jarosz
A bill expected to be heard Wednesday in the Indiana House would give property owners appealing the assessed value of their homes or buildings more clout in the fight.
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LEADING QUESTIONS: Indians boss still having a ball

April 20, 2011
Mason King
LQ Schumacher watch videoWhat's the secret to baseball profitability? Why is the offseason so important? Franchise President Max Schumacher fields questions.
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Allison to add 200-plus jobs over next two years

April 19, 2011
 IBJ Staff
Allison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as 205 jobs by 2013.
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State Senate OKs bill to cut Planned Parenthood aid

April 19, 2011
Associated Press
The Indiana Senate approved a bill Tuesday that would cut off funding to Planned Parenthood and give the state some of the country's tightest abortion restrictions.
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Indiana House passes criminal checks on medical workers

April 19, 2011
Associated Press
The Indiana House has approved a bill requiring criminal background checks for anyone seeking a new license to be a doctor, dentist or several other health care jobs.
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Bill on teacher union rights heads to governor

April 19, 2011
Associated Press
A bill to restrict Indiana teachers' collective bargaining rights has cleared its final legislative hurdle, becoming the first part of Republican Gov. Mitch Daniels' sweeping education agenda to make it to the governor's desk.
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Toyota extends North American production cuts

April 19, 2011
Associated Press
Toyota Motor Corp. has extended production cuts at its North American factories into early June as it struggles to deal with parts shortages caused by the earthquake that hit Japan.
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Daniels wants taxpayer refund back in budget

April 19, 2011
Associated Press
Indiana Gov. Mitch Daniels has written lawmakers to urge them to restore an automatic taxpayer refund that was removed from a budget proposal this week.
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Local home-building activity still slumping

April 19, 2011
 IBJ Staff and Associated Press
Home-building permits filed in the Indianapolis area sank by more than 20 percent in March compared with the same month last year. Still, signs show home construction both locally and nationally may be picking up.
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Wellfount nabs $6M in venture capital

April 19, 2011
The Indianapolis-based institutional pharmacy, which serves long-term-care facilities, wants to expand its business nationally.
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TV stations WXIN, WTTV get new general manager

April 19, 2011
 IBJ Staff
Tribune Broadcasting on Monday named TV veteran Larry Delia vice president and general manager of its two Indianapolis stations.
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Statehouse fight continues over bank-insurance fund

April 19, 2011
Francesca Jarosz
Indiana lawmakers likely will avoid tapping an obscure bank-insurance fund to help bolster state coffers, but bankers may not survive the battle completely unscathed.
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