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News & Analysis
IU sees $63M revenue boost from enrollment jump
October 3, 2009
Associated PressIndiana University officials say this school year's record enrollment is leading to nearly $63 million in unexpected revenue
for its campuses across the state.
MoreIndianapolis Colts, other small-market NFL teams at risk if salary cap ends
October 3, 2009
Anthony SchoettleThe prospect of a 2010 National Football League season without a players’ salary cap could cause high-profile free
agents for the Colts and other small-market teams to gallop off for greener pastures.
MoreCamera retailer Roberts adjusts to the times, plans new store
October 3, 2009
Cory SchoutenThe home-grown retailer lately has sought to
supply cameras for government and law-enforcement entities as its once-reliable newspaper clientele scales back.
MoreOverhaul of teacher training threatens college budgets
October 3, 2009
J.K. WallProposed changes to teacher licensing rules are a threat in the eyes of most deans of Indiana’s colleges of education—both
to the quality
of
teacher training and to the budgets of the colleges.
MoreCharter school may take over rest of former Herron Art Institute
October 3, 2009
Cory SchoutenPlans for residential development on the site stalled as the housing market plummeted and recession set in.
MoreFDIC fee hitting small banks particularly hard
October 3, 2009
Scott OlsonFees imposed on U.S. banks to rebuild a Federal Deposit Insurance Corp. fund nearly depleted by scores of bank failures is
expected to sap profits of small financial institutions. Community banks with less income than their larger counterparts are
particularly at risk of having their 2009 earnings erased by the charges after an emergency fee on banks took effect June
30.
MoreCarmel performing arts center betting big on fund raising
October 3, 2009
Kathleen McLaughlinCarmel’s $137 million performing arts center is still a year from completion, but Executive Director Steven Libman
already is pounding the pavement for donations.
MoreCarmel man's coupon app for iPhone grabbing Yowza response
October 3, 2009
Marc D. AllanA Carmel software developer's app has gotten a lift from a Hollywood actor's unrelenting promotion.
MoreStock-market rebound lifts hopes of Hoosier mutual funds
October 3, 2009
Peter SchnitzlerThe economic downturn walloped all three of the mutual funds headquartered in Indiana. But they've each enjoyed significant
recoveries this year. And the smallest of the bunch has big plans to break away from the pack.
MoreCity receives host of sale, privatization ideas for water, sewer utilities
October 3, 2009
Chris O'MalleyOfficials grappling with a water utility deep in debt and a sewer infrastructure needing upwards of $2 billion in
upgrades were swamped with proposals about how to fix the mess.
MoreNew Emmis exec Charlie Morgan faces big challenges as he re-enters radio
October 3, 2009
Anthony SchoettleWhen local radio industry veteran Charlie Morgan stepped down as president of Indianapolis Motor Speedway Productions last
month, it could’ve appeared he was trying to escape the daunting problems of open-wheel racing. Unless you considered
where he was going.
MoreBanks work to protect electronic records from identity theft
October 3, 2009
Peter SchnitzlerBanks are fighting an ongoing battle with would-be identity thieves. Because banks are where the money is, the fight is
likely to go on a long time, with both thieves and banks growing in sophistication.
MoreConnersville progresses on Carbon Motors deal
October 2, 2009
Kathleen McLaughlinConnersville Mayor Leonard Urban says the city soon will clear legal and environmental hurdles that stand in the way of Carbon
Motors’ launching its operations in the former Visteon plant.
MoreUPDATE: Hurco exec getting $500,000 exit package
October 2, 2009
IBJ Staff and Associated PressJames D. Fabris, who is leaving Hurco Cos. Inc. at the end of the month following a long management tenure, will receive an
exit package worth more than $500,000.
MoreBrightpoint repurchases shares in settlement
October 2, 2009
Scott OlsonIndianapolis-based Brightpoint Inc. said Friday that it has entered into a settlement agreement with NC Telecom Holding A/S
to repurchase about 3 million Brightpoint shares from the Denmark holding company. NC Telecom owned Denmark-based Dangaard
Telecom before Brightpoint, the world's biggest wireless phone distributor, bought the cell phone distributor in August 2007.
MoreU.S. jobless rate reaches 9.8 percent in September
October 2, 2009
Associated PressThe unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected.
The report is evidence that the worst recession since the 1930s is still inflicting widespread pain.
MoreHurco president Fabris to resign
October 1, 2009
IBJ Staff and Associated PressIndianapolis-based Hurco Companies Inc., a computer control and software maker, said Thursday that James D. Fabris will resign
as president and chief operating officer as of Oct. 31.
MoreCity becomes hub of 'cryo-cooling' for truck trailers
October 1, 2009
Chris O'MalleyIndianapolis is the new operating headquarters of a Ukrainian-American venture producing refrigeration units for semi trailers.
The move comes with the naming this spring of Thomas Roller as president and CEO of Ukram Industries. Roller is known locally
as former CEO of Indianapolis-based Norwood Promotional Products and of Fruehauf Trailer, which was based here in the 1990s.
MoreState charges Stifel Nicolaus didn't disclose risks of auction-rate securities
October 1, 2009
IBJ StaffAn administrative complaint filed today by the Indiana Secretary of State's Office alleges Stifel Nicolaus failed to disclose
risks associated with the sale of auction-rate securities to 141 Hoosiers who invested $54.9 million.
MoreIUPUI researchers land $22M in stimulus grants
October 1, 2009
J.K. WallResearchers at IUPUI have been awarded more than $22.3 million in grants by the National Institutes of Health, according to
U.S. Rep. Andre Carson. The money is part of a $5 billion program that was part of the federal stimulus bill approved earlier
this year, and will fund medical research across the country.
MoreIrsay joins ranks of nation's wealthiest
October 1, 2009
IBJ StaffIndianapolis Colts owner Jim Irsay has joined the ranks of the richest Americans, earning a spot on this year’s Forbes
400 list of the nation’s wealthiest people.
MoreWhirlpool agrees to maintain Evansville operations
September 30, 2009
Whirlpool Corp. has notified state officials that it will continue to operate its refrigeration product development center
in Evansville that employs nearly 300 people.
MoreCharter Homes owner gets 2-plus years for mortgage fraud
September 30, 2009
Cory SchoutenCharter Homes owner Jerry J. Jaquess has been sentenced to two-and-a-half years in prison and ordered to pay restitution of
$825,000 for his role in a $20 million mortgage fraud scheme.
MoreWaterworks proposes 35-percent rate hike
September 30, 2009
Chris O'MalleyThe Indianapolis Department of Waterworks today unveiled a capital-improvements proposal that would raise water rates for
the average residential customer by 35 percent, or $8 a month.
MoreLondon hedge fund sues Brightpoint over failed acquisition
September 30, 2009
Peter SchnitzlerA London-based hedge fund has sued Brightpoint Inc. over a $10 million loan it alleges the Indianapolis-based cell phone distributor
fraudulently brokered in anticipation of an acquisition in France that never materialized.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!