News & Analysis

Mourdock compares U.S. economic woes to Nazi Germany

June 8, 2014
Associated Press
In a speech, Mourdock cautioned GOP members to be wary of politicians who promise entitlements and spending as debt grows. He said the Nazis made the same promises to Germans before that country's 1936 elections.
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School catering to juvenile offenders gets approval

June 7, 2014
Associated Press
The city will be the first in the nation to open a charter school designed for youth passing through the juvenile court system and other troubled students.
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Tiny Sheridan girds for inevitable growth

June 7, 2014
Andrea Muirragui Davis
The tiny Hamilton County community is mindful of sprawl in Carmel and Fishers, and is determined to absorb growth on its own terms.
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Fishers OKs tax break for medical building

June 7, 2014
Andrea Muirragui Davis
Cornerstone Cos. plans to locate the $11 million project near Interstate 69.
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ExactTarget execs: Expect smooth transition

June 7, 2014
Dan Human
Outgoing CEO Scott Dorsey wants to spend time with his four daughters, focus on mentoring young entrepreneurs, and maybe travel a little for leisure. His successor, longtime executive Scott McCorkle, plans to keep the company focused on email, even as the firm adds a broader suite of digital marketing services.
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Former restaurateur Peter George partnering on small new eatery

June 7, 2014
Scott Olson
George, 60, is targeting an August opening for Tinker Street, a chef-driven and plant-based concept he’s launching with business partner Thomas Main, 56, who also has a restaurant background.
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Providers increasingly joining health insurance game

June 7, 2014
J.K. Wall
When the next enrollment season opens for the Obamacare exchange in Indiana, more than half the “health insurers” will actually be doctors and hospitals.
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Crowds rocking at Klipsch Music Center following slump

June 7, 2014
Andrea Muirragui
The amphitheater sold almost 570,000 tickets to 34 shows last year, the most in recent history, as the live-entertainment industry rebounded from a recession-related slump. Ticket sales at Klipsch were up 60 percent from 2011, when it scheduled about 10 fewer events.
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Zoo adopts variable-pricing strategy for tickets

June 7, 2014
Dennis Barbosa
The Indianapolis Zoo last month dumped its old model of set ticket prices and installed a variable model—a first for the industry and one with mostly higher prices—to correspond with the opening of its orangutan exhibit.
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Housing developer hopes farm hooks new residents

June 7, 2014
Kathleen McLaughlin
A growing number of housing developers thinks farms, rather than golf clubs, are the perfect hook to lure residents. The first to experiment with the concept in central Indiana is Mike Higbee of Central Greens LLC, with his Seven Steeples Farm on the site of the old Central State Hospital.
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House Republicans to meet, discuss Turner's future

June 6, 2014
Associated Press
Indiana House Republicans will decide whether to take action against Speaker Pro Tem Eric Turner, who is accused of using his influence to protect his family's lucrative nursing home business.
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Unemployment rate holds steady as U.S. regains lost jobs

June 6, 2014
Associated Press
Employers added 217,000 jobs in May, a substantial gain for a fourth straight month, fueling hopes that the economy will accelerate after a grim start to the year.
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Federal agents seize documents at charter school

June 6, 2014
J.K. Wall
Agents collected documents from the Indiana Math and Science Academy this week as part of court-ordered search warrant. The school at 7435 N. Keystone Ave. said it provided information related to a federal grant program.
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Republicans deal Dems new hand with revised Rebuild Indy 2

June 6, 2014
Kathleen McLaughlin
The new, $300 million plan for streets, sidewalks and other neighborhood amenities will cost a bit less than originally proposed. Mayor Greg Ballard needs two more votes, including at least one from the majority Democrats, to make it happen.
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North Central grad returns to anchor WTHR weekend news

June 6, 2014
 IBJ Staff
Naomi Pescovitz will helm the Saturday and Sunday editions of "News Sunrise," beginning July 9.
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Hotel app maker to shift HQ accommodations to Indianapolis

June 6, 2014
Dan Human
Dallas-based Yikes, which automatically handles most hotel transactions for consumers, is planning on ramping up operations and settling its main office in downtown Indianapolis.
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Ivy Tech to offer new computing, informatics programs

June 6, 2014
Associated Press
Software development is among seven new tech-heavy subjects the community college will offer in its School of Computing and Informatics beginning in August.
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IU taps chamber executive to lead public-policy institute

June 6, 2014
 IBJ Staff
R. Mark Lawrance is scheduled to take over as head of the Indiana University Public Policy Institute.in July, succeeding John Krauss, who is retiring.
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Adviser who swindled Ball State out of $8M gets 4 years

June 6, 2014
Bloomberg News
Seth Beoku Betts persuaded the university to give him money to invest in collateralized mortgage obligations. His attorney say he lost the money through bad investments, but prosecutors say he spent much of it on himself, including buying a $1.5 million home in Florida.
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AG won't appeal ruling clearing ex-utility chief

June 5, 2014
Associated Press
A court decision dismissing ethics charges against former Indiana Utility Regulatory Commission Chairman David Lott Hardy will stand.
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Indy lands Big Ten championships through 2022

June 5, 2014
 IBJ Staff
Football will stay at Lucas Oil Stadium, and basketball will alternate with Chicago. The move allays suspicion that the conference intended to shift championship play to East Coast venues.
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Jury convicts Fishers man on 10 counts of fraud

June 5, 2014
 IBJ Staff
Hrond Arman Gasparian, 67, was involved in two separate but related schemes, according to prosecutors. One involved stealing $400,000 from an Indianapolis church.
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Heads roll at GM after investigation of defective switch

June 5, 2014
Associated Press
The automaker says 15 employees—many of them senior legal and engineering executives—have been forced out of the company for failing to disclose the defect linked to 13 deaths.
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Merger forms $382M, Indy-based motorcycle parts company

June 5, 2014
Dan Human
Indianapolis-based holding company LDI Ltd. has tripled its motorsports employee count and broadened its national reach with a deal for privately held Motorsport Aftermarket Group.
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States could be expanding wealth gap with tax policies

June 5, 2014
Associated Press
Politicians in Indiana and other states hope tax cuts for businesses will boost their economies, but those and other moves could be contributing to the income gap limiting growth in U.S. consumer spending.
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