News & Analysis

Controversy engulfs Devington community groupRestricted Content

November 20, 2010
Kathleen McLaughlin
Devington Community Development Corp. tried to tackle a host of neighborhood ills before closing its doors this month. But the agency also was embroiled in disputes with a local minister and its landlord.
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Company thinks it can make college textbooks obsolete

November 20, 2010
J.K. Wall
An Indianapolis company has developed Web-based software that allows college students to read and electronically mark up textbooks, articles, chapters of books, etc. It also has a business model that its owners think will make more money for publishers and slash students’ textbook costs—which average $1,200 a year—in half.
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Federal Home Loan Bank suing major playersRestricted Content

November 20, 2010
Cory Schouten
The Federal Home Loan Bank of Indianapolis has filed suit against some of the nation’s largest financial institutions, including Bank of America, Wells Fargo and J.P. Morgan Chase, to recover losses on a $3 billion portfolio of mortgage-backed securities.
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Diversity key to west-side revitalization plan

November 20, 2010
Francesca Jarosz
Over the last few months, a wave of events has given momentum to grass-roots efforts to revive the West 38th Street corridor and its broader neighborhood, which includes Lafayette Square Mall.
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Turkey Hill chain targets Indianapolis

November 20, 2010
Cory Schouten
A convenience-store chain called Turkey Hill Minit Markets is expanding into central Indiana. The chain opened its first Indianapolis store in October and plans to add at least five more by the end of 2011.
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Running store chain changes name, opens new shopRestricted Content

November 20, 2010
Anthony Schoettle
The Running Co., now BlueMile, expands into Louisville, looks to add more stores in and outside Indiana
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Man gets 40-year sentence for lawmaker attack

November 19, 2010
 IBJ Staff and Associated Press
A man found guilty but mentally ill for an attack on Indiana state Rep. Ed. DeLaney was sentenced to 40 years in prison Thursday.
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Study: Rich still giving to charity, but in smaller amounts

November 19, 2010
Scott Olson
Study conducted by the Center on Philanthropy at Indiana University shows 98 percent of high net-worth households donated to charity in 2009, but the overall amount fell nearly 35 percent from 2007.
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INSIDE DISH: Santorini to return in short order

November 19, 2010
Mason King
Santorini Fire watch videoOwner Taki Sawi received a crash course in getting a restaurant back on its feet after a catastrophic fire on Oct. 11. The Greek eatery is slated to reopen in mid-December.
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Indianapolis air traffic rises

November 19, 2010
Double-digit growth by low-cost carriers helped overall boardings at Indianapolis International Airport increase in October.
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Governors see GOP’s Midwest gains as path to presidency

November 19, 2010
Bloomberg News
Republican governors meeting in San Diego said Thursday their statehouse victories in the Midwest leave the party well positioned for 2012 in the battlefield that often determines the presidency.
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USDA investigating cattle brokerage for bad checks

November 18, 2010
Associated Press
Indiana-based Eastern Livestock Co. may owe more than 700 ranchers across the Midwest, South and West a total of $130 million.
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Community, Westview hospitals in 'strategic alliance' talks

November 18, 2010
J.K. Wall
The form an alliance would take is not clear, but Westview looked for additional resources from city's four major hospital systems.
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Printpack closing 230-worker Greensburg plant

November 18, 2010
 IBJ Staff
More than 200 workers will lose their jobs when packaging materials maker Printpack Inc. will close its Greensburg plant early next year, the company said in a notice filed this week with the state Department of Workforce Development.
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Home Loan Bank sues over losses on $3B mortgage portfolio

November 18, 2010
Cory Schouten
The Federal Home Loan Bank of Indianapolis is suing some of the nation’s largest financial institutions to recover losses on a $3 billion portfolio of mortgage-backed securities.
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Salvation Army hopes technology boosts fundraising

November 18, 2010
Andrea Muirragui Davis
After falling short of its fundraising goal last year, Salvation Army of Indiana is unveiling a text-to-give promotion and a social media campaign in hopes of ringing up gifts from new donors.
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AAR looking to fill 200 aircraft jobs in Indianapolis

November 18, 2010
Chris O'Malley
New business from Delta Air Lines is increasing demand for workers at the aircraft repair center at Indianapolis International Airport.
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Bankruptcy trustee sues Durham art bidders

November 18, 2010
Jim Mackinnon / Akron Beacon Journal
A Florida art dealer who successfully bid more than $260,000 on artwork that once belonged to Fair Finance Co. co-owner Timothy Durham says he canceled the sale. Now he and another big bidder from Philadelphia are being sued by Fair Finance bankruptcy trustee Brian Bash for nonpayment.
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Inventor files suit against local printing business

November 18, 2010
 IBJ Staff
Lawsuit alleges Harding Poorman Group shorted former Discom Technologies owner a percentage of sales after it acquired his company.
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Medical device maker expanding in Fort Wayne

November 18, 2010
L.H. Medical Corp. said it plans to create up to 65 jobs by 2013 and invest $5.4 million to more than triple the size of its manufacturing operations.
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Anthem, critics face off over rate-hike request

November 17, 2010
Associated Press
Anthem, a subsidiary of Indianapolis-based WellPoint Inc., is seeking a 19.9-percent raise for 48,000 individual policy holders in Connecticut, citing escalating health care costs.
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Landmark Theatres purchases Showplace Glendale 12

November 17, 2010
The theater at Glendale Mall will be called Landmark's Glendale 12. Landmark Theatres is co-owned by Mark Cuban, an Indiana University graduate and owner of the Dallas Mavericks.
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City approves Beckman Coulter tax abatement

November 17, 2010
The tax abatement is tied to an expansion in which the company plans to invest $18 million in its Indianapolis operations and add as many as 95 jobs in the next three years.
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Local parking vendor eyes contract with ACS

November 17, 2010
Scott Olson
T2 Systems Inc., which makes software to manage the enforcement of parking violations and the collection of fines, is hopeful it can continue providing the service under a new parking-meter manager.
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Foundation campaign raises $201M for Riley Hospital

November 17, 2010
 IBJ Staff
Riley Children’s Foundation raised $201 million through its “Hope Happens Here” fundraising campaign, the Indianapolis-based not-for-profit announced Wednesday. The money will be used to support Riley Hospital for Children.
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