News & Analysis

Angie's List posts smaller loss on soaring revenue

April 24, 2013
Associated Press
The latest results beat Wall Street estimates, driving the Indianapolis-based company's shares upward by nearly 7 percent in after-market trading on Wednesday.
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University ends Greece program amid turmoil

April 24, 2013
Associated Press
Economic turmoil in Greece has forced the University of Indianapolis to close its undergraduate program in Athens.
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WTHR exec accused of discrimination lands new gig

April 24, 2013
Chris O'Malley
WTHR's John Cardenas, who was recently accused of sexual discrimination by his former executive assistant, has been named vice president of news for Dispatch Broadcast Group, the station's parent company.
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Mass Ave business owners split over proposed district tax

April 24, 2013
Kathleen McLaughlin
Opponents of a proposed tax to pay for improvements throughout the cultural district have accused tax advocates of rigging the proposal to ensure its passage.
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WellPoint CEO: Acquisitions of hospitals, doctors unlikely

April 24, 2013
J.K. Wall
Joe Swedish, who took the helm of the Indianapolis-based health insurer a month ago, threw cold-water Wednesday on widespread speculation that he will lead the company through a wave of buying hospitals and medical practices.
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Eli Lilly's profit shoots up despite lackluster sales

April 24, 2013
 IBJ Staff and Associated Press
The Indianapolis pharmaceutical company left its full-year profit forecast unchanged despite a spike in first-quarter earnings. Revenue fell short of analyst expectations.
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More Hoosiers favor legal pot than Pence's tax cut, poll says

April 24, 2013
Jeff Newman
A new poll of 600 voters by Howey Politics Indiana shows 39-percent approval for Gov. Mike Pence's proposed 10-percent tax cut. But 56 percent said they favor decriminalization of marijuana.
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Plan for massive reservoir finding more support

April 24, 2013
Associated Press
Hundreds of residents gathered at Daleville High School on Tuesday night to hear about the proposed Mounds Lake Reservoir, a 2,100-acre project that could cost as much as $400 million to build.
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Former U.S. education leader to take over USA Funds

April 24, 2013
 IBJ Staff
William D. Hansen, 53, served as Deputy U.S. Secretary of Education from 2001 to 2003. He'll replace current CEO Carl C. Dalstrom, who is retiring after more than a decade leading Indianapolis-based USA Funds.
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WellPoint raises profit forecast after solid first quarter

April 24, 2013
J.K. Wall
The Indianapolis-based health insurer easily beat Wall Street's expectations for earnings in the first quarter and revenue rose 15 percent.
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Indiana lawmakers drawing close on remaining measures

April 23, 2013
Associated Press
The leaders of the Indiana General Assembly said Tuesday they will continue meeting daily with Gov. Mike Pence to hammer out a broad range of issues before the 2013 session ends.
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Legislature taking tight-fisted stance with casinos

April 23, 2013
Associated Press
The casino bill approved by the House last week would grant less than a fifth of the tax breaks first proposed in the Senate. It also doesn't permit live table games at the racinos in Anderson and Shelbyville.
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Contractor pleads guilty to fraud involving FBI building

April 23, 2013
Associated Press
An Ohio man has admitted to defrauding more than $225,000 from contractors involved in FBI building projects in Indianapolis and Knoxville, Tenn.
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Pacers post solid attendance gains in regular season

April 23, 2013
Anthony Schoettle
Despite the negative noise this year about Pacers home attendance, the team had its second consecutive season increase. Revenue from tickets and sponsorships also rose.
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Banks scale back real estate needs as transactions shift online

April 23, 2013
Scott Olson
After zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level since 2006.
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Young & Laramore launches all-digital campaign for Scotts

April 23, 2013
Chris O'Malley
The growing preference for online-based advertising, exemplified by Y&L's new campaign for the national lawn-care service, is helping sow the seeds of traditional media's decline.
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After raid, pet store owner agrees to quit selling animals

April 23, 2013
 IBJ Staff
Animal control officers found hundreds of violations in March at The Fish Bowl, 2101 East Michigan St. The owner plans to continue operating his business as a pet-supply store.
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Nora pharmacy recalls compounded drugs

April 23, 2013
Associated Press
A pharmacy that makes specialty medications is recalling nearly 100 compounded drugs after federal regulators found potential safety problems during an inspection.
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Bill OK'd that grants Indiana tuition to some immigrants

April 23, 2013
Associated Press
Supporters say the change would help a couple of hundred students who had the rules changed on them after they had already started work on their college degrees.
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Indiana lawmakers approve looser superintendent rules

April 22, 2013
Associated Press
School district superintendents would no longer have to hold an Indiana superintendent's or teacher's license under a proposal that won final legislative approval on Monday.
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Senate bill jeopardizes tax-free online shopping

April 22, 2013
Associated Press
States could force Internet retailers to collect sales taxes under a bill that overwhelmingly passed a test vote in the U.S. Senate on Monday.
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Revoked charters could be forgiven $12M in loans

April 22, 2013
Associated Press
Seven schools whose charters were revoked by Ball State University in January would be absolved of payments along with another school which did not seek to renew its charter.
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Race for the Cure participation declines again

April 22, 2013
 IBJ Staff and Associated Press
This year's Komen Race for the Cure in Indianapolis fell to 21,380 participants—a 22-percent drop from a year ago—a top organizer said.
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Mercer courts employers with private exchange

April 22, 2013
J.K. Wall
Mercer Marketplace will offer health coverage from four companies—Aetna Inc., Cigna Corp., UnitedHealthcare and Anthem Blue Cross and Blue Shield.
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Republicans to question Ballard's $6M sports park

April 22, 2013
Kathleen McLaughlin
The City-County Council's GOP caucus will grill the mayor's staff in a private meeting Monday evening about plans for the park, which caught many of them by surprise last week.
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  1. In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.

  2. I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?

  3. Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!

  4. See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.

  5. I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.

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