News & Analysis

Indianapolis gets $10 million for clean energy

April 21, 2010
Associated Press
The grant announced Wednesday is part of $452 million in stimulus funding nationwide for projects meant to make buildings more energy efficient.
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Report: Indiana far short of funding teacher pensions

April 21, 2010
Associated Press
Indiana is among the nation's five most underfunded teacher pension programs, but low ranking is misleading.
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Revised Mel Simon estate suit calls Bren 'abusive'

April 21, 2010
Greg Andrews
Melvin Simon’s daughter Deborah is lashing out at her stepmother Bren in a new court filing, saying  she was “mentally and verbally abusive” toward the billionaire late in his life and kept him isolated from friends and family.
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ITT Educational altered test scores, ex-employee's suit says

April 21, 2010
Bloomberg News
Former director says he saw employees give passing scores to students who had failed entrance exams, raise their grades and alter their attendance records so they would continue to receive U.S. financial aid.
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Ohio congressmen seek to raid Indy defense accounting jobs

April 21, 2010
Chris O'Malley
U.S. Reps. Kucinich and LaTourette say about 225 Marine Corps IT jobs belong in Cleveland instead of Indianapolis.
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Santorini owner realizes 'American Dream' with national honor

April 21, 2010
Scott Olson
Fountain Square eatery owner Taki Sawi is one of only three restaurant operators to receive an award given by National Restaurant Association every two years.
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LEADING QUESTIONS: Trucking firm CEO leans into the pain

April 21, 2010
Mason King
Russell_WatchVideoCeladon CEO Stephen Russell faced a treacherous patch of highway when fuel prices spiked and the recession drove the trucking industry into an economic Death Valley. In IBJ's new video feature on leadership issues, Russell explains how advice from his dentist helped pave the way to recovery.
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Huntington Bancshares reports first profit since 2008

April 21, 2010
 IBJ Staff and Bloomberg News
Huntington National Bank, a subsidiary of Huntington Bancshares, operates nearly 50 branches and has about 600 employees in the Indianapolis area.
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Drug prices rise ahead of rebates

April 21, 2010
J.K. Wall
Drug prices rose faster last year than they have in a decade—just in time for big rebates the drug industry promised as part of the health reform law.
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Chrysler's old assets in bankruptcy can be liquidated, court rules

April 20, 2010
Bloomberg News
Investors who had challenged the bankruptcy sale, including the Indiana State Police Pension Trust, had argued that Treasury Secretary Timothy Geithner violated the Constitution by using TARP money to finance the sale, and had their arguments overruled in the appeals court.
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City-County Building 'greening' project to cost $8 million

April 20, 2010
Chris O'Malley
City expects environmentally friendly overhaul of downtown headquarters to provide net savings of $250,000 per year.
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Democrats want government approval of health premiums

April 20, 2010
Bloomberg News
Insurers like WellPoint Inc. should be required to get U.S. approval to increase premiums, Sens. Diane Feinstein and Tom Harkin say.
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Circle Centre arcade reopens under new ownership

April 20, 2010
Texas-based Tilt Family Entertainment acquires GameWorks chain, which closed last month, leaving gaping hole on fourth floor of mall.
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City flush with energy-saving ideas for building

April 20, 2010
Chris O'Malley
City-County Building energy-efficiency upgrades are set to be unveiled Tuesday afternoon. The nearly 50-year old landmark is the centerpiece of the city's greener-building initiative.
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Airport cargo-traffic rise could be sign of improving economy

April 20, 2010
Chris O'Malley
Retailers restocking lean inventories and more online purchases could be driving cargo uptick.
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Super Bowl practice facility moving to UIndy

April 20, 2010
Scott Olson
Host committee opts to partner with University of Indianapolis and build community center at Arsenal Tech High School, the original site of the domed practice facility.
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USA Football makes move to Indianapolis official

April 20, 2010
 IBJ Staff
As expected, city officials announced Tuesday morning that USA Football will relocate its headquarters to Indianapolis from Vienna, Va. The move should be complete by August.
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Marsh renews effort to sublease headquarters

April 20, 2010
Tom Harton
Most of the 148,000-square-foot building just north and east of the 96th Street/Interstate 69 interchange is empty.
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Health care tech firm Gemms adding 69 jobs

April 20, 2010
 IBJ Staff
Carmel-based electronic medical records developer Gemms Inc. plans to invest $2.1 million to expand its headquarters and software development operations here, more than doubling its staff in the next five years.
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Simon's General Growth plan 'crazy,' fund manager says

April 19, 2010
Bloomberg News
Bid to invest in General Growth Properties would give Simon too much control over its biggest competitor, said fund manager Bruce Berkowitz, who's backing a rival plan.
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USA Football expected to announce relocation to city

April 19, 2010
Scott Olson
Mayor Greg Ballard's office has an announcement scheduled for 10 a.m. Tuesday to reveal a "major sport's national governing body" that is moving to the city. IBJ reported in February that USA Football was seriously considering moving here.
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Shareholders fail to remove Lilly's anti-takeover provision

April 19, 2010
J.K. Wall
The proposal to remove an 80-percent approval threshold for takeover bids against the wishes of Lilly’s board received approval from shareholders holding 74 percent of Lilly’s shares.
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Future of Brizzi radio show up in the air

April 19, 2010
Scott Olson
Marion County prosecutor Carl Brizzi has not hosted "Crime Watch" on WIBC in three weeks, due to a scheduled break. But station officials want him to address accusations on air if he is to continue the show.
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Shares fall after Lilly earnings report

April 19, 2010
J.K. Wall
Lilly shareholders are set to gather Monday in Indianapolis to hear an update on the company’s performance, including how it will keep paying its generous dividend during the lean years after Zyprexa’s patent expiration.
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Arts Commission to share duties with regional groups

April 19, 2010
Kathleen McLaughlin
The Indiana Arts Commission revamped the way it allocates money out of concern about future state budget cuts, which would further reduce grants available to arts organizations.
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