News & Analysis

Brizzi filed for OmniSource forfeiture

January 15, 2011
Cory Schouten
Former Marion County Prosecutor Carl Brizzi blasted metal-recycling giant OmniSource in a court filing in his last week in office, asking a judge to force the company to forfeit all five of its Indianapolis scrap yards and a foundry facility in Hendricks County.
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New IU football coach Wilson is focus of marketing blitzRestricted Content

January 15, 2011
Anthony Schoettle
Indiana University has undertaken a multi-pronged media initiative to make Kevin Wilson, its new head football coach, a household name statewide.
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Parking key issue in Rolls-Royce's possible downtown move

January 15, 2011
Francesca Jarosz
Rolls-Royce Corp.’s decision whether to move about 2,500 office employees to a former Eli Lilly and Co. downtown campus could hinge on three critical factors—parking, incentives and lease terms for the space.
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Universal curbside recycling program looks iffyRestricted Content

January 15, 2011
Francesca Jarosz
Finding a way to cover the cost of expanding the program with revenue from sales of recycled goods such as aluminum, plastic and glass has proved tough, even as commodities prices rise with the improving economy.
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Hoosier State Press Association revamps co-op advertisingRestricted Content

January 15, 2011
Kathleen McLaughlin
The press association hired a former marketing director for Columbus-based Home News Enterprises in late 2009 to spearhead the service.
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FedEx fights to overturn jury's $66M award to ATARestricted Content

January 15, 2011
Greg Andrews
ATA charged in the two-year-old breach-of-contract suit that FedEx’s unexpected decision in January 2008 to drop it as a military-charter partner forced it into bankruptcy liquidation that spring.
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Indiana businessman agrees to $3M fraud settlement

January 14, 2011
 IBJ Staff and Associated Press
Indiana businessman Lowell Hancher has agreed to pay $3 million and never run a public company again to settle allegations by regulators that he carried out three separate fraud schemes over 5 years.
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Bill seeks to boost investment credit, startups

January 14, 2011
Scott Olson
The legislation, assigned to a committee on Wednesday, would increase the maximum for venture capital tax credits from $500,000 to $1 million, helping high-potential startups attract outside funding.
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Peace gardens slated for downtown

January 14, 2011
Kathleen McLaughlin
The Indianapolis Cultural Trail being built through the heart of downtown will include sculptural gardens dedicated to Martin Luther King Jr. and Abraham Lincoln, an extension of the $2 million Glick Peace Walk.
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Newspaper chain expanding in Fishers

January 14, 2011
Anthony Schoettle
Current Publications is exhibiting growth seldom seen in the newspaper industry these days. Four years after launching, the company is preparing to debut its fourth weekly newspaper in Hamilton County on Jan. 25.
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Endocyte prices IPO stock

January 14, 2011
J.K. Wall
The West Lafayette-based drug development firm intends to sell 6.15 million shares for $13 to $15 apiece. That would fetch $80 million to $92 million.
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IUPUI's Bantz passed over for UMass president's job

January 13, 2011
 IBJ Staff and Associated Press
The University of Massachusetts Board of Trustees on Thursday tapped Robert Caret to lead the the five-campus UMass system, choosing him over IUPUI Chancellor Charles Bantz and Philip Clay, chancellor of the Massachusetts Institute of Technology.
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Emmis surges as industry anticipates radio sale

January 13, 2011
J.K. Wall
Emmis Communications’ share price soared 42 percent on Wednesday, a day after the company reiterated that it is “actively pursuing” the sale of some assets. CEO Jeff Smulyan says it's impossible to call a station sale imminent, but shares gained another 13 percent on Thursday.
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Local Superman auction to take flight this month

January 13, 2011
Scott Olson
The collection of superhero memorabilia, once displayed at a downtown Indianapolis museum, is being auctioned to satisfy a court order.
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Gleaners capital campaign raises $12.3 million

January 13, 2011
 IBJ Staff
Gleaners Food Bank is wrapping up an ambitious capital campaign, announcing Wednesday that it has exceeded its goal despite the difficult economic environment.
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JA inducting four into Business Hall of Fame

January 13, 2011
Ceremony at Indiana Roof Ballroom on Feb. 17 will honor Michael G. Browning, David R. Frick, Stephen Russell and the late Eli Lilly.
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Not much optimism in commercial real estate outlook

January 13, 2011
Cory Schouten
Another challenging year is in store for commercial real estate thanks to high unemployment, a still-struggling housing market and an unforgiving credit environment, Cassidy Turley plans to report Thursday at its annual State of Real Estate event.
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Analyst predicts modest year for REIT returns

January 12, 2011
Associated Press
Goldman Sachs & Co. analyst Jonathan Habermann expects a return of 5 percent to 10 percent this year after last year's 29-percent total return for REIT stocks.
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Indiana chief justice endorses sentencing changes

January 12, 2011
Associated Press
A report suggests allowing judges to sentence people convicted of lesser felonies to community corrections, which would help free up prison space for the state's worst offenders and potentially saving more than $1 billion that would otherwise go toward building new prisons.
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Casinos to escape smoking ban proposal

January 12, 2011
Associated Press
An estimate from a nonpartisan agency showed a statewide smoking ban that includes casinos could cost Indiana more than $180 million in lost gambling tax revenue.
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Neighboring states gleeful over Illinois tax increase

January 12, 2011
Associated Press
Neighboring states are plotting to take advantage of what they consider a major economic blunder and lure business away from Illinois.
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Panel says Lilly’s Solpura isn’t ready for approval

January 12, 2011
Bloomberg News
Eli Lilly and Co. failed to win an FDA advisory panel’s recommendation to introduce the first pancreatic enzyme that isn’t derived from pig parts.
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Roche back in court as partner looks to sell to competitor

January 12, 2011
J.K. Wall
Roche Diagnostics requested a temporary restraining order against Medical Automation Systems Inc. Tuesday after receiving word the company is speeding up plans to sell itself to Roche rival Alere Inc.
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Area home-sales slump continues in December

January 12, 2011
Scott Olson
Home-sale agreements last month dropped 15.4 percent compared to December 2009, capping a year in which sales overall dropped 10.9 percent from the previous year.
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Stadium construction issues nearly resolved

January 12, 2011
Scott Olson
More than two years after it opened, some construction problems persist at Lucas Oil Stadium, particularly with outside lighting and with some of the plumbing. The work was performed by contractors that are now defunct.
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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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