News & Analysis

Product delays thwart $40M Roche purchase

March 12, 2011
J.K. Wall
Delays getting new diabetes meters into the U.S. market appear to have tripped up Roche Diagnostics Corp. on its way to acquiring a key software vendor.
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Do golf and business still mix?Restricted Content

March 12, 2011
Anthony Schoettle
Courses see shrinking revenue from companies, but many dealmakers still hit the links
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Best bets: Finding the Indiana casino that's a winner for youRestricted Content

March 12, 2011
Andrea Muirragui Davis
So given Indianapolis’ central location, what’s a gambler to do when she gets the urge to press her luck? Figuring that out is nearly as hard as deciding whether to hit or stand on 16.
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Hey Indiana, what's new?Restricted Content

March 12, 2011
Lou Harry
Travelers will see changes at statewide attractions.
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Banks OK with 'clean energy financing districts'Restricted Content

March 12, 2011
Scott Olson
Industry feared original bill would have put mortgage lenders at added risk.
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SOOFI: Islamic finance edging into ever-larger dealsRestricted Content

March 12, 2011
Asset-laden institutions sidestepped financial crisis.
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Regulatory overload is community banks' next big hurdle

March 12, 2011
Francesca Jarosz
Banks across Indiana are preparing for a deluge of new regulations that will cut into their bottom lines, make their businesses more complex and, in some cases, force them to consolidate.
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Antitrust lawsuit threatens 'essence' of NCAARestricted Content

March 12, 2011
Anthony Schoettle
A former Rice University football player argues that one-year limits on athletic scholarships is a “blatant price-fixing agreement” between the NCAA and its member schools.
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Feds call Indianapolis Power & Light coal-ash ponds 'high hazard'Restricted Content

March 12, 2011
Chris O'Malley
The Environmental Protection Agency and the local utility are at odds over the condition of the ponds and the extent of remediation that is necessary.
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Bill would give neighborhoods more power to resist annexationRestricted Content

March 12, 2011
Kathleen McLaughlin
Cities and towns would lose the power to annex land against the owners’ will, under a bill that easily cleared the Indiana Senate.
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Noble Roman's expands grocery offerings to boost bottom line

March 12, 2011
Cory Schouten
The Indianapolis company, founded in 1972, started as a chain of sit-down family restaurants but continues to find new outlets for its products.
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Purdue case highlights costs of defending intellectual propertyRestricted Content

March 12, 2011
J.K. Wall
A complicated legal case about trade secrets points up a down side to the success Indiana’s research universities have had turning their research into revenue: Large legal bills can eat much of the money.
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Retail chain Family Leisure finding new identityRestricted Content

March 12, 2011
Cory Schouten
Recreational product superstore Family Leisure changed its name from Watson's two years ago, but it could take years before the company led by Kevin Prefontaine builds the kind of brand equity tied up in the old name.
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Peru immigrant built career on helping local Hispanics

March 12, 2011
Ann Finch
Aida McCammon has spent 20 years helping Hispanics improve their lives and succeed in the United States.
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Not guilty plea entered for secretary of state

March 11, 2011
Associated Press
A Hamilton County court magistrate has entered a not guilty plea for Indiana Secretary of State Charlie White, who was indicted last week on seven felony counts including voter fraud.
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Firestone renews IndyCar Series supply agreement

March 11, 2011
 IBJ Staff
A week after announcing its intention to leave the IndyCar Series after the 2011 season, Nashville, Tenn.-based Bridgestone Americas announced Friday morning that its Firestone brand will continue to serve as the sole tire supplier to IndyCar through the 2013 race season.
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Super Bowl Host Committee lays out winter weather plans

March 11, 2011
Anthony Schoettle
Jim Schellinger, chairman and CEO of CSO Architects, has been appointed to handle weather preparedness for the Super Bowl to be hosted in Indianapolis in February.
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NFL, players face expiration of labor contract

March 11, 2011
Associated Press
With the NFL on the brink of its first work stoppage in nearly a quarter of a century, Commissioner Roger Goodell and union head DeMaurice Smith met at a federal mediator's office Friday, the day the league's twice-extended labor contract was set to expire.
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Local home sales continue downward slide

March 11, 2011
Home-sale agreements in the nine-county Indianapolis area fell 16.7 percent in February compared to the same month in 2010, marking 10 straight months of declining sales.
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Law student taps connections for shoe startup

March 11, 2011
Kathleen McLaughlin
Arsene Millogo is sitting out the current semester at IU School of Law-Indianapolis to work on his own line of running shoes, a startup he and three friends financed with more than $50,000 of their own money.
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Retail sales up 1 percent in February

March 11, 2011
Associated Press
Shoppers snapped up new cars, clothing and electronics gadgets in February, pushing retail sales up for the eighth straight month.
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Indiana University to offer workers buyout plan

March 11, 2011
Associated Press
Indiana University is drafting plans to offer thousands of university employees a voluntary retirement buyout.
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$8 million estate to benefit 13 local groups

March 11, 2011
Kathleen McLaughlin
Local attorney Lawrence Reuben has chosen two fledgling organizations—the Immigrant Welcome Center and Grameen Bank of Indiana—for the largest of $8 million in gifts from his mother’s estate.
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Indiana closes monument for repairs

March 10, 2011
Associated Press
Indiana says it's closing the Soldiers' and Sailors monument in downtown Indianapolis until November for repairs.
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Merger with Teradata fueling Aprimo's growth

March 10, 2011
Godfrey Watch VideoAprimo Inc. ratchets up customers, sales and market presence under new owner Teradata, and will continue job growth plans for Indianapolis.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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