News & Analysis

WellPoint, other insurers' stock buybacks concern investors

October 12, 2010
Bloomberg News
Indianapolis-based WellPoint Inc. and competing U.S. health insurers approved $10 billion in stock repurchases in the past year, a concern to investors who say buybacks failed to increase share prices and who want more spent on dividends.
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Industry vet sees sectors on upswing, auctions booming

October 11, 2010
Cory Schouten
REW watch videoJeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
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Frontier could seek marketing deal with major airline

October 11, 2010
Bloomberg News
Frontier Airlines may seek a marketing agreement with a major carrier as industry collaboration continues, said Bryan Bedford, chief executive of Indianapolis-based parent company Republic Airways Holdings Inc.
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Broadbent subsidiary seeks bankruptcy reorganization

October 11, 2010
Scott Olson
The owner of the building that houses the Music Mill concert venue listed assets of $1.4 million and liabilities of $1.3 million.
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City Securities snares veteran stockbroker from competitor

October 11, 2010
Scott Olson
L. Gene Tanner has left PNC Investments to join City Securities Corp. The veteran stockbroker who began his career with the former Raffensperger Hughes firm in 1958 said he has returned to familiar territory.
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Lilly's Erbitux shows mixed results in cancer studies

October 11, 2010
Bloomberg News
In combination with chemotherapy, the drug failed to help colon-cancer patients in a European trial but did delay the spread of breast cancer in some patients with a certain type of aggressive tumor.
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CIB budget could face rough ride in council

October 11, 2010
Francesca Jarosz
Some City-County Council members are skeptical of the Capital Improvement Board's spending plan for 2011 that includes $10 million for the privately operated Indiana Pacers.
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New Purdue smoking policy sparks complaints

October 11, 2010
 IBJ Staff and Associated Press
The policy limits smoking to 22 designated areas across campus, where on at least a couple occasions overfilled receptacles have caught fire.
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IPL chief Ann Murtlow is 'personable' power

October 9, 2010
Francesca Jarosz
Mutlow_WatchVideoAnn Murtlow's ability to connect with employees and the community has helped her thrive in a male-dominated field. She is one of a only a handful of women in the country to lead utilities.
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Central Indiana real estate auction activity heats up

October 9, 2010
Cory Schouten
A recent wave of foreclosure auctions suggests banks and other underwater real estate owners finally are poised to let go of a glut of properties.
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Award winner Boehm defines public service

October 9, 2010
Marc D. Allan
Although Ted Boehm, who clerked for U.S. Chief Justice Earl Warren and served 14 years on the Indiana Supreme Court, has collected a lifetime of recognition, winning the Michael A. Carroll Award for his public service to Indianapolis is "something special" to him because Carroll was an admired friend.
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Finish Line introduces in-store kiosks to make custom T-shirts

October 9, 2010
Cory Schouten
Finish Line is testing touch-screen customization kiosks at its Greenwood Park Mall store. The kiosks, which look like oversize iPads, produce an individualized Nike T-shirt in about 15 minutes.
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Local MBA programs score with women

October 9, 2010
Tawn Parent
Female enrollment in Indianapolis master's programs surpasses the national average. Telamon Vice President Sunny Lu said her MBA has helped her grow business.
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Health care reform boosts business for consultantsRestricted Content

October 9, 2010
J.K. Wall
John Gause has grown the size of his benefits brokerage and consulting firm by more than half this year for one big reason: health care reform. He needs more hands on deck because his clients--employers--are facing a raft of new regulations with which they must comply.
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Creating smart-phone apps becomes big business for IUPUI students

October 9, 2010
Chris O'Malley
Used to be a college student would work in the dining hall to make ends meet. For IUPUI students Gagan Dhillon, 18, and Sarb “S.J.” Singh, 21, the future is now.
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Ailing library eyes new funding source

October 9, 2010
Francesca Jarosz
A state lawmaker is pushing for a law that would allow Indianapolis’ public library system to get a share of local income taxes. But some already are balking at the concept, saying it would divert money from other agencies that need it.
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Downtown praised for 'livability' but needs more residentsRestricted Content

October 9, 2010
J.K. Wall
The past decade has seen roughly 5,000 more residents living downtown than in 2000, wooed by new condos and apartments within walking distance of growing retail and cultural attractions. There are now 25,000 downtown residents—but still a long way from the 40,000 city leaders want by the end of the next decade.
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Ruling cuts $42M award for state workers seeking back pay

October 8, 2010
 IBJ Staff
An appeals court said union workers were eligible for just a couple of months of back pay, rather than for 20 years of back pay.
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INSIDE DISH: Cajun couple plays to strengths

October 8, 2010
Mason King
Zydecos_WatchVideoDeb and Carter Hutchinson, owners of Mooresville's unlikely Creole hotspot Zydeco's, have made a living through their gifts for shifting gears. Created on little more than a whim, the eatery thrives on its out-of-left-field approach.
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East-side distribution center with 80 workers set to close

October 8, 2010
Oshkosh, Wis.-based Hoffmaster Group said the plant at 2525 N. Shadeland Ave. will permanently close by Feb. 28. The facility distributes paper plates, napkins and party invitations.
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Local environmental contractor declares bankruptcy

October 8, 2010
Indianapolis-based ESI Environmental Inc. filed for Chapter 7 liquidation in U.S. Bankruptcy Court. The firm was the area's second-largest environmental contractor based on revenue, according to the most recent IBJ statistics.
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Jobless rate holds steady after wave of government layoffs

October 8, 2010
Associated Press
The nation's jobless rate has topped 9.5 percent for 14 straight months, the longest stretch since the 1930s.
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IHSAA launches Internet television network

October 8, 2010
The site, www.ihsaatv.org, will broadcast high school state championship games, as well as other high school sports-related content.
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Beckman Coulter plans $18.2M expansion, 100 new jobs

October 8, 2010
 IBJ Staff
California-based life sciences firm Beckman Coulter Inc. is planning its third local expansion since 2007, investing $18.2 million in its Indianapolis operation and adding as many as 95 jobs here in the next three years.
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Schrenker sentenced to 10 years for securities fraud

October 7, 2010
Associated Press
Hamilton Superior Court Judge Steven Nation sentenced Marcus Schrenker to 10 years in prison, ignoring Schrenker's claims that a lighter sentence would give him enough time to make things right.
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