News & Analysis

NCAA quarterly lobbying costs surge during legal fight

August 13, 2014
Bloomberg News
The National Collegiate Athletic Association spent more on congressional lobbying from April to June than it did in the previous three quarters combined, as it fought lawsuits challenging its structure.
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Church accuses JPMorgan of mismanagement, self-dealing

August 13, 2014
Cory Schouten
Christ Church Cathedral has filed a federal lawsuit against JPMorgan Chase, alleging the bank's "intentional mismanagement" and "self-dealing" led to $13 million in losses in church trust accounts endowed in the 1970s by Eli Lilly Jr.
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Democrats question $12M in consulting contracts

August 13, 2014
Kathleen McLaughlin
The cash-strapped city of Indianapolis has entered agreements worth more than $12 million as it pursues a public-private partnership for a new courthouse and jail. Mayor Greg Ballard's office says the fees will be paid by the developer.
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Mainstreet's Turner to sell REIT in $2.3B deal

August 13, 2014
Bloomberg News, J.K. Wall
HealthLease Properties REIT, which is led by Mainstreet Property's Zeke Turner, will be sold to Ohio-based Health Care REIT Inc., along with 17 projects Mainstreet has under construction. The deal includes 45 future projects.
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WRTV adds sports-talk host Grady to its staff

August 13, 2014
 IBJ Staff
Michael Grady, a radio sports-talk host on WFNI-AM 1070 and the public address announcer for the Pacers, will begin his job at WRTV on Aug. 22, the station announced Tuesday.
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Lender forecloses on two downtown office buildings

August 13, 2014
Scott Olson
The Gold Building and Two Market Square have been struggling to maintain tenants and face a potential exodus of others to the county's proposed criminal justice complex.
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Indiana challenge to Obamacare tax-credit rule can go forward

August 12, 2014
Bloomberg News
U.S. District Judge William T. Lawrence in Indianapolis on Tuesday denied an IRS bid to dismiss that portion of the state’s 2013 lawsuit, in which it claimed the rule illegally conflicts with a provision of the federal law.
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Pence: State to pay special-needs adoption subsidies

August 12, 2014
 The Statehouse File
The move comes just two months after a LaPorte woman filed a lawsuit, saying the state owed her subsidies.
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Farmers on pace for record corn crop, report says

August 12, 2014
Associated Press
A bigger crop was expected as adequate rain and cool temperatures made for favorable growing conditions in the 18 states that produce 91 percent of the nation's corn.
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WellPoint to change corporate name back to Anthem

August 12, 2014
 Bloomberg News and IBJ Staff, Associated Press
The name change will be completed by the end of the year, pending shareholder approval, the company said Tuesday.
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U.S. employment openings hit 13-year-plus high

August 12, 2014
Associated Press
Job openings have increased 17.6 percent during the past 12 months, while hiring has risen 9.3 percent during the same period, suggesting a mismatch in the jobs market.
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Teachers, students facing new state standards

August 12, 2014
Associated Press
Indiana teachers and students starting the new school year will have to quickly get up to speed on the state's new academic standards, drafted only months ago to replace the national Common Core standards.
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Struggling hospital finds buyer, enters bankruptcy protection

August 12, 2014
 Bloomberg News and IBJ Staff
Bloomington’s Monroe Hospital, which has had a close relationship with Indianapolis-based St. Vincent Health, filed for bankruptcy reorganization on Friday and plans to sell its business to a Canadian operator.
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Kite shares start trading under 1-for-4 split

August 12, 2014
Kite Realty Group Trust's stock fetched $25 on Tuesday, an increase of more than 300 percent from the previous close, after the company's split took effect.
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U.S. Postal Service suffers $2 billion quarterly loss

August 12, 2014
Associated Press
The agency blamed increases in compensation and benefits costs for the red ink and said it would be unable to make a congressionally mandated payment of $5.7 billion this September for health benefits for future retirees.
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Revitalization plan brings new homes to Crown Hill area

August 12, 2014
Dennis Barbosa
Near North Development Corp. is serving as master developer of the project, which is using $488,000 in U.S. Department of Housing and Urban Development grants.
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Noble Roman's dough rises with higher profit, revenue

August 12, 2014
Scott Olson
The Indianapolis-based franchisor continues to focus on offering take-and-bake pizzas in grocery stores and stand-alone locations to grow revenue.
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Nearly 700,000 Indiana voter registrations 'inactive'

August 12, 2014
Associated Press
Indiana Secretary of State Connie Lawson said Monday she has marked 696,000 registrations "inactive" as part of her efforts to clean up to the state's rolls of voters.
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Star reducing staff ahead of headquarters relocation

August 11, 2014
Jeff Newman
The Indianapolis Newspaper Guild, which represents most of the Star's newsroom and building-services employees, said the newspaper intends to chop newsroom staff and management 15 percent over the next few weeks.
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Ivy Tech to ask state lawmakers for more cash

August 11, 2014
Jacob Rund, The Statehouse File
The Ivy Tech Community College trustees have passed a resolution telling the college’s leaders to ask the Indiana General Assembly and the Indiana Commission for Higher Education for additional funding.
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NCAA seeks clarification from court in O'Bannon ruling

August 11, 2014
Associated Press
The NCAA is going back to court in Oakland, California—to clarify two points in U.S. District Judge Claudia Wilken's ruling.
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CIB to provide $5M for natatorium maintenance

August 11, 2014
Kathleen McLaughlin
The Capital Improvement Board of Managers of Marion County voted Monday to give the Indiana Sports Corp. $500,000 a year for the next 10 years to create a reserve fund for maintenance on the IU Natatorium at IUPUI.
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Groups want Indianapolis utility to test water

August 11, 2014
Associated Press
Environmental, health and neighborhood groups are calling on the Marion County Health Department to compel Indianapolis Power & Light to test groundwater at eight coal ash lagoons on the city's south side.
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Cuts, price hikes fuel IU Health's quarterly profit

August 11, 2014
J.K. Wall
The decline in patient visits slowed a bit for Indiana University Health in the second quarter, allowing the hospital system to use a price increase and cost cuts to significantly boost its operating profit.
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Purdue rolls out 3-year plan for communications majors

August 11, 2014
Associated Press
Purdue University has developed a three-year bachelor's program for communications students that it says will allow them to save more than $9,000.
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