News & Analysis

City's cash-strapped parks turn to private sector for ideas, manpower

September 12, 2009
Peter Schnitzler
Mayor Greg Ballard's administration has asked the businesses for ideas on
                     how Eagle Creek Park and Riverside Regional Park each could cut costs and generate more revenue.
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Ex-Lauth executive: 'Every day is a struggle' after a year of unemploymentRestricted Content

September 12, 2009
Cory Schouten
Michael Hartman earned a six-figure salary as a vice president at Lauth Group Inc. until he was laid off in early 2008. Since then, he’s struggled to find a job—any job that would allow his family to stay in their Westfield home.
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New Columbia Club general manager trying to reverse membership slideRestricted Content

September 12, 2009
Peter Schnitzler
James Rentschler hopes to restore the Columbia Club’s luster, and its membership roster, by returning the institution to its gilded roots.
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Benefits brokers fear impact of health insurance exchangesRestricted Content

September 12, 2009
J.K. Wall
If Congress implements a new system of health insurance exchanges across the country, Indianapolis benefits broker Joe Guzman is confident he and his peers would take a hit.
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After comeback, former United maintenance facility faces challengesRestricted Content

September 12, 2009
Chris O'Malley
The mammoth facility near Indianapolis International Airport now employs as many people as it did when United Airlines abandoned it six years ago, but its new tenants are contending with struggles of their own.
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Nucor Steel struggling to strike new power deal with Duke Energy

September 12, 2009
Chris O'Malley
After two years of fruitless negotiations, the Crawfordsville steel mill has asked the Indiana Utility Regulatory Commission to intervene. More than 700 jobs depend on Nucor and Duke striking a deal.
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Civic Theatre considering move to Carmel

September 11, 2009
Kathleen McLaughlin
Indianapolis Civic Theatre, one of the city’s oldest and largest cultural organizations, is considering a move to Carmel’s new performing arts center. Civic informed its current host, Marian University, yesterday of pending negotiations with the Carmel Performing Arts Foundation.
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Music Mill to reopen again under new owner

September 11, 2009
Jeff Newman, Scott Olson
The Music Mill, a local concert venue, restaurant and bar that has been closed down twice this year by different operators, has new life. Local entrepreneur Ravi Chopra, 44, who owns the 6 Lounge & Restaurant downtown, announced last night that he has purchased the Music Mill and plans to reopen it Oct. 12.
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Policyholders could pay more under Obama health plan

September 11, 2009
Associated Press
If President Barack Obama gets what he wants in his health care plan — covering all Americans and barring insurers from denying coverage — some analysts say individuals could wind up paying higher premiums.
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Museum of Art hires chief operating officer

September 11, 2009
 IBJ Staff
The Indianapolis Museum of Art announced this week that it has hired a veteran of the New York City arts community to fill its chief operating officer position.
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Area home-sale agreements level off, prices still falling

September 10, 2009
 IBJ Staff
The housing slump may be weakening in the nine-county Indianapolis area, if a report released today by F.C. Tucker Co. is any indication.
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Raytheon lays off 77 at local avionics center

September 10, 2009
Chris O'Malley
Raytheon Technical Services Co. LLC today eliminated 77 jobs at its avionics development center at 6125 E. 21st St. in Indianapolis.
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Purdue lands $105M grant to fund earthquake center

September 10, 2009
 IBJ Staff
Purdue University announced today that it has received $105 million from the National Science Foundation to fund a center to research earthquakes and tsunamis.
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Sanctions lifted, WellPoint returns to Medicare biz

September 10, 2009
J.K. Wall
Nine months after being suspended as a contractor for the federal Medicare program, WellPoint Inc. is back in the game.
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Community Fair promotes volunteerism

September 10, 2009
The city of Indianapolis and United Way of Central Indiana will host the eighth annual Community Fair on Monument Circle from 11 a.m. to 2 p.m. tomorrow to commemorate the anniversary of 9/11.
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Lithium-ion battery maker names new president

September 10, 2009
 IBJ Staff
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, has named a new president, the company announced today.
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Medical device developer receives $1M in federal funding

September 10, 2009
Scott Olson
Indianapolis-based FAST Diagnostics, a developer of a method to quickly measure kidney function, announced today that it has received $1 million in federal funding.
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BioCrossroads rolls out orthopedic initiative

September 10, 2009
J.K. Wall
With job growth surging in Warsaw's orthopedic cluster, the life sciences development group BioCrossroads Inc. set out to...
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Simon Foundation gives $1M to library literacy initiative

September 9, 2009
 IBJ Staff
The Indianapolis-Marion County Public Library Foundation today announced that it has received a $1 million gift from the Herbert Simon Family Foundation to expand its early childhood literacy initiative.
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Indiana expects jobless fund troubles until 2015

September 9, 2009
Associated Press
Indiana officials say it will take longer to resolve the state's bankrupt unemployment insurance fund's funding troubles than projected when a law designed to start fixing the system was enacted in April.
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Deals from China trip unlikely to come right away, official says

September 9, 2009
Scott Olson
Don't expect the contingent traveling with Gov. Mitch Daniels on his 10-day trade mission to China and Japan to return to Indiana with a major commitment from an Asian company.
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Local truck dealer strikes deal for big daddy of hybrids

September 9, 2009
Chris O'Malley
Indianapolis truck dealer Utility-Peterbilt leased its first hybrid medium-duty truck this summer after enduring months of tire-kicking but no action from fleet buyers and plenty of interest from television-news types.
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HHGregg promotes three executives

September 9, 2009
 IBJ Staff
Indianapolis-based electronics retailer HHGregg Inc. announced the promotions of three executives this morning, including the appointment of a new chief financial officer.
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Lilly paid doctors to prescribe Zyprexa, notes say

September 8, 2009
 IBJ Staff
Eli Lilly and Co. paid doctors in South Carolina for participating in a speakers' program in exchange for prescribing the antipsychotic Zyprexa, according to notes by Lilly sales representatives reviewed by Bloomberg News.
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Report: Ice Miller, Louisville firm end merger talks

September 8, 2009
Scott Olson
Merger talks that began last year between local legal heavyweight Ice Miller LLP and a Louisville-based law firm reportedly have broken down, putting an end to a deal that was expected to close by the end of the year.
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