News & Analysis

Indianapolis Star to be laid out in Louisville; local jobs likely lost

July 24, 2010
Anthony Schoettle
Virginia-based Gannett Co., the Star’s parent company, this month informed employees of a plan to move layout and design work for its 83 dailies to five regional design hubs.
More

Local investors make big bet on senior housingRestricted Content

July 24, 2010
J.K. Wall
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing projects around the state, spending $49 million and looking to do more.
More

Financial upheaval produced war stories galoreRestricted Content

July 24, 2010
Norm Heikens
The foreclosure epidemic has left a wake of carnage in the Indianapolis area.
More

Indianapolis City Ballet organizers proceeding slowlyRestricted Content

July 24, 2010
Kathleen McLaughlin
Local arts patrons Jane Fortune and her longtime partner Robert Hesse started City Ballet in the spring of 2009, but it was more of a pitch than a reality. More than a year later, organization leaders are still not sure when they will hire their own dancers.
More

Mind Trust education fund launches national networkRestricted Content

July 24, 2010
J.K. Wall
The organization uses its money to lure national reform programs like Teach for America to the city and to fund education entrepreneurship fellows to launch innovative programs for schoolchildren in Indianapolis.
More

Federal agents' raid hits University Loft at tough timeRestricted Content

July 24, 2010
Kathleen McLaughlin
Military contracts have helped shore up sagging sales at University Loft Co., the furniture maker federal agents raided two weeks ago. Still, University Loft's work force is almost 50 percent off its recent peak.
More

Judge rules against Inlow heirs

July 23, 2010
J.K. Wall
Hamilton County Judge Steve Nation ruled Friday that the heirs of former Conseco Inc. executive Lawrence Inlow failed to justify their attempt to remove Cincinnati-based Fifth Third Bank as the fiduciary of his estate.
More

Hoosier Energy reaches settlement with EPA

July 23, 2010
 IBJ Staff
Rural electric cooperative to pay civil penalty of nearly $1 million for not using most modern pollution controls. Hoosier Energy also to spend up to $300 million on pollution controls at coal-fired plants.
More

Key city highway to be closed for beautification project

July 23, 2010
Chris O'Malley
Commuters and truckers could get an all-day headache when Interstate 70 closes in October to allow Eli Lilly and Keep Indianapolis Beautiful to spruce up part of the city.
More

INSIDE DISH: Reviving an iconic east-side diner

July 23, 2010
Mason King
Dish_steerin_watchvideoHarold's Steer-In was on its last legs when the Kehrer family decided to rehabilitate the beloved eatery. After a slow start, sales are stampeding.
More

Small business lending measure clears filibuster

July 23, 2010
Associated Press
Community banks may soon be able tap a $30 billion government fund to help them increase lending to small businesses.
More

Integra Bank unloads five Kentucky branches

July 23, 2010
Transaction is part of Evansville-based Integra's plan to narrow its geographic footprint, CEO Michael J. Alley said. The bank has 59 branches in Indiana, Kentucky, Illinois and Ohio.
More

Proposal: Link federal aid to performance of ITT, peers

July 23, 2010
Bloomberg News
The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid, threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services is among those potentially affected.
More

Elevated jobless claims point to weak labor market

July 22, 2010
Associated Press
The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that drop was driven by temporary seasonal factors and not an improving job market.
More

Federal government asking questions about lease deals

July 22, 2010
Cory Schouten
The federal government is asking questions about how the Indiana Family and Social Services Administration handles office leasing after an IBJ investigation raised questions about potential conflicts of interest.
More

Carpenters union to unveil new training facility

July 22, 2010
Scott Olson
The recent dearth of construction activity has been an opportunity of sorts for the Indiana-Kentucky Regional Council of Carpenters: During the slowdown, the trade group built a $13 million training facility and administrative building in Greenwood.
More

ITT Educational posts profit, raises forecast

July 22, 2010
The Carmel-based operator of for-profit colleges saw its profit increase to $96 million in the second quarter, while enrollment jumped 10 percent.
More

Lilly's second-quarter profits surge 16 percent

July 22, 2010
J.K. Wall
Indianapolis-based drugmaker Eli Lilly and Co. recorded profits of $1.3 billion, or $1.22 per share, during the three months ended June 30, even after paying $27 million in severance to laid off employees.
More

Historic financial overhaul signed into law by Obama

July 21, 2010
Associated Press
Rep. Mike Pence of Indiana, a member of the House GOP leadership, on Wednesday joined House Minority Leader John Boehner of Ohio in calling for the law's repeal.
More

Indiana: IBM welfare intake work flawed from start

July 21, 2010
Associated Press
The state is suing IBM for more than $1.3 billion, claiming the company breached one of the biggest outsourcing deals in state history. IBM wants Indiana to pay $52.8 million it says it's owed in deferred payments and equipment costs.
More

City inks long-term deal with motorsports show

July 21, 2010
Scott Olson
An agreement with the International Motorsports Industry Show will keep it in the city indefinitely. Attendance for the three-day December convention is expected to top 20,000.
More

Auto plant's 300 jobs draw 3,000 applicants

July 21, 2010
Associated Press
The response to openings at a Chrysler transmission plant in Kokomo reflects the large number of people out of work, a union official said.
More

LEADING QUESTIONS: Racing promotions require big drive

July 21, 2010
Mason King
ZakBrown_WatchVideoMotorsports marketer Zak Brown, once a driver, feeds his competitive fire in the board room, and believes big egos are good for business.
More

UPDATE: Irvington charter school finds new home

July 21, 2010
 IBJ Staff
Under the agreement, Irvington Community School will lease the building from the city for 15 years at a cost of $1 annually.
More

Lilly completes $180 million acquisition of Alnara

July 21, 2010
Massachusetts-based Alnara Pharmaceuticals Inc. is a privately held company developing an enzyme-replacement therapy for disorders of the pancreas.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT