News & Analysis

Home sales pick up for second straight month

July 12, 2011
 IBJ Staff
Sales agreements climbed to 1,967 last month, up from 1,694 in June 2010, according to a report released Tuesday by F.C. Tucker Co.
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City seeking long-term operator of Eagle Creek course

July 12, 2011
Scott Olson
Bids are due by July 29 for an eight-year contract to manage the golf club. The city intends to sue the former operator in an attempt to recover more than $200,000 after he defaulted on a $3.5 million loan.
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Buyer snaps up 175-acre Golf Club of Indiana

July 12, 2011
Cory Schouten
An investment group has acquired the Golf Club of Indiana in southern Boone County near Zionsville and is planning improvements to the 175-acre property.
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Event merges forces of old, new venture-capital groups

July 12, 2011
Francesca Jarosz
The third annual Innovation Showcase is getting a boost from a partnership between the Venture Club of Indiana and tech social group Verge.
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City seeks to close south-side hotel on nuisance charges

July 12, 2011
The owners of the Traveler's Inn on Bluff Road face public nuisance charges and are accused of operating without a proper business license, according to a lawsuit filed by the city on Monday.
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Lilly's Cialis finally overtakes Viagra

July 11, 2011
J.K. Wall
Why do drugmakers still pursue so many me-too drugs? Because, if marketed well, they can be extremely lucrative. Just ask Eli Lilly and Co. about its drug Cialis.
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Study: Medicaid better than nothing

July 11, 2011
J.K. Wall
Health care reform will add roughly 500,000 Hoosiers to the Medicaid program and, in spite of great criticism of that expansion, a new study suggests Medicaid coverage does help consumers get more care, have fewer unpaid bills and feel better.
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Lechleiter: German drug pricing creates 'uncertainty' for Lilly

July 11, 2011
Bloomberg News
Eli Lilly & Co. CEO John C. Lechleiter said Germany’s overhaul of drug pricing lacked transparency and the new policy creates “uncertainty” for the company’s business planning.
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United Way to distribute $34.6M from campaign

July 11, 2011
The amount to be given to local agencies is 3.6 percent less than last year. United Way raised a total of $38.2 million in its 2010 campaign, falling short of an ambitious $41 million goal.
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Can't stand the heat? Get off the job site

July 11, 2011
Andrew Smith
The combination of rising temperatures and humid air have prompted the National Weather Service to issue a heat advisory for central Indiana through 8 p.m., but some area workers can’t stay out of the elements.
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Local homeowners trying to cash in on Super Bowl

July 11, 2011
Francesca Jarosz
The approach of the 2012 Super Bowl has prompted some Indianapolis-area property owners to start looking for a chance to lease their homes and condos for the big game.
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Communications giant WPP buys stake in Just Marketing

July 11, 2011
Anthony Schoettle
One of the world’s largest communications firms has acquired a stake in Just Marketing International, a locally based motorsports marketing firm that has been valued at about $100 million.
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Legislative safeguards can't keep state from court

July 10, 2011
Associated Press
Indiana conservatives appeared to win major national victories with a trio of laws passed this year, but rebukes from a pair of federal judges and a lawsuit raised questions about how proposed laws are vetted for legal issues before they get to a vote.
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Music stations doing just fine without on-air DJsRestricted Content

July 9, 2011
Marc D. Allan
Many popular and well-paid disc jockeys in the local radio market have been let go over the last several years, and their station’s ratings generally didn’t suffer when they left.
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IndyCar CEO may take control of more races to boost TV ratingsRestricted Content

July 9, 2011
Anthony Schoettle
IndyCar Series CEO Randy Bernard is so driven to increase race attendance and television ratings, he’s considering taking control of more of the open-wheel circuit’s races to make that happen.
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Lenders battling Broadbent legal strategyRestricted Content

July 9, 2011
Cory Schouten
Developer George P. Broadbent sold The Broadbent Co. to his wife for $50,000 in March 2010 as he faced a barrage of lawsuits threatening his control over the real estate company he co-founded in 1972. He has also transferred several properties to her.
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Matriarch's work ethic inspires Holiday World staffRestricted Content

July 9, 2011
Ann Finch
Pat Koch, whose official title at her family-owned Holiday World theme park is director of values, sets a high bar for hard work and dedication.
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Simon wagers on Internet gambling's futureRestricted Content

July 9, 2011
Francesca Jarosz
Billionaire Herb Simon is betting online gambling will become legal—and that a new company he’s backing will reap a payoff as a result.
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Employers face messy decision to drop health insuranceRestricted Content

July 9, 2011
J.K. Wall
Companies that drop insurance coverage could, without spending any more money than they are now, give workers an 11-percent raise or else help them save as much as $2,000 per year buying health coverage in one of the exchanges, IBJ calculations show.
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Indiana first to require drug tests for job training

July 9, 2011
Associated Press
The U.S. Department of Labor says Indiana is the first state to require drug testing of people seeking job training. But at least 30 states have considered requiring drug tests for those receiving government assistance.
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Daniels revives agency mistakenly canceled

July 9, 2011
Associated Press
Gov. Mitch Daniels has signed an order restoring Indiana's largest state agency, the human services department, after it was accidentally eliminated due to a mistake in a new state law.
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Ultrasound broker finds stronger market overseasRestricted Content

July 9, 2011
Gabrielle Poshadlo
Used parts are in demand as health care reform changes industry dynamic.
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Hendricks Regional, YMCA debut fitness centerRestricted Content

July 9, 2011
Marc D. Allan
Partnership combines wellness, hospital services.
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Rural broadband provider Omnicity racks up legal bills tied to acquisitions

July 9, 2011
Chris O'Malley
The latest of at least five suits filed since early last year involves Columbus, Ohio-based SZD Whiteboard, a consulting firm the company used to identify acquisition targets.
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Turnaround experts eye state schoolsRestricted Content

July 9, 2011
J.K. Wall
Interventions by state officials next month in as many as 18 struggling schools will open Indiana to a new and unproven breed of private education entities that have sprung up in just the past decade. That introduction is likely to be smaller than originally thought, but have far-reaching ramifications.
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  1. Why not take some time to do some research before traveling to that Indiana town or city, and find the ones that are no smoking either inside, or have a patio? People like yourself are just being selfish, and unnecessarily trying to take away all indoor venues that smokers can enjoy themselves at. Last time I checked, it is still a free country, and businesses do respond to market pressure and will ban smoking, if there's enough demand by customers for it(i.e. Linebacker Lounge in South Bend, and Rack and Helen's in New Haven, IN, outside of Fort Wayne). Indiana law already unnecessarily forced restaurants with a bar area to be no smoking, so why not support those restaurants that were forced to ban smoking against their will? Also, I'm always surprised at the number of bars that chose to ban smoking on their own, in non-ban parts of Indiana I'll sometimes travel into. Whiting, IN(just southeast of Chicago) has at least a few bars that went no smoking on their own accord, and despite no selfish government ban forcing those bars to make that move against their will! I'd much rather have a balance of both smoking and non-smoking bars, rather than a complete bar smoking ban that'll only force more bars to close their doors. And besides IMO, there are much worser things to worry about, than cigarette smoke inside a bar. If you feel a bar is too smoky, then simply walk out and take your business to a different bar!

  2. As other states are realizing the harm in jailing offenders of marijuana...Indiana steps backwards into the script of Reefer Madness. Well...you guys voted for your Gov...up to you to vote him out. Signed, Citizen of Florida...the next state to have medical marijuana.

  3. It's empowering for this niche community to know that they have an advocate on their side in case things go awry. http://www.youtube.com/watch?v=Lrst9VXVKfE

  4. Apparently the settlement over Angie's List "bundling" charges hasn't stopped the practice! My membership is up for renewal, and I'm on my third email trying to get a "basic" membership rather than the "bundled" version they're trying to charge me for. Frustrating!!

  5. Well....as a vendor to both of these builders I guess I have the right to comment. Davis closed his doors with integrity.He paid me every penny he owed me. Estridge,STILL owes me thousands and thousands of dollars. The last few years of my life have been spent working 2 jobs, paying off the suppliers I used to work on Estridge jobs and just struggling to survive. Shame on you Paul...and shame on you IBJ! Maybe you should have contacted the hundreds of vendors that Paul stiffed. I'm sure your "rises from the ashes" spin on reporting would have contained true stories of real people who have struggled to find work and pay of their debts (something that Paul didn't even attempt to do).

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