News & Analysis

Local developer seeks bankruptcy protection

April 29, 2011
Scott Olson
Platinum Properties LLC, an Indianapolis upscale residential real estate developer, sought Chapter 11 protection on Monday, listing several huge debts to prominent local businesses and business people.
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Industrial support for utility sale to cost $1.5 million

April 29, 2011
 IBJ Staff
The price to get big industrial firms like Eli Lilly and Co., National Starch and Rolls-Royce Corp. to support the sale of the city’s water and sewer utilities to Citizens Energy Group is at least $1.5 million.
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INSIDE DISH: 'Diners' TV spot boon and bane for Jersey's Cafe

April 29, 2011
Mason King
Dish_Jersey_watch_videoAfter a massive spike in traffic sparked by a Food Network show, owner Blair Laing must deal with food shortages, employee departures and long waits for patrons.
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Simon Property results improve as store rents climb

April 29, 2011
Bloomberg News
Simon Property Group Inc., the largest U.S. shopping-mall owner, said funds from operations rose 75 percent in the first quarter as retail sales climbed.
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Brightpoint's earnings surge on smartphone sales

April 28, 2011
Associated Press
Brightpoint Inc., a distributor of wireless phones, said Thursday that its earnings increased more than sixfold as the growing demand for smartphones meant that more higher-priced devices passed through Brightpoint's facilities.
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New Indiana congressional districts clear Legislature

April 28, 2011
Associated Press
The Indiana House voted 62-31 mostly along party lines Thursday to give final legislative approval to the redistricting plan and send it to Republican Gov. Mitch Daniels, who is expected to sign it.
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Indiana budget deal includes Daniels-backed refund

April 28, 2011
Associated Press
Indiana lawmakers are set to vote Friday on a new $28 billion state budget that would give slight funding increases to schools without raising taxes, leave the state with more than $1 billion in reserves and give taxpayers refunds if the state takes in more money than it needs.
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Compromise emerges on Indiana immigration bill

April 28, 2011
Associated Press
The state senator who said Indiana should crack down on illegal immigration says a compromise includes the potential loss of state tax benefits for businesses hiring illegal immigrants.
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UPDATE: Skjodt-Barrett Foods bringing 300 jobs to Lebanon

April 28, 2011
Anthony Schoettle
The newest tenant in Lebanon Business Park will occupy 214,000 square feet and make a $20 million investment to build out the space and install equipment.
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Sports auction firm visits Indy seeking ABA, Clowns items

April 28, 2011
Anthony Schoettle
New York-based Clean Sweep Auctions plans to hold an "Antiques Roadshow"-like event in Indianapolis this week, offering local residents free valuation of sports memorabilia.
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Duke Realty reports strong quarterly results

April 28, 2011
Scott Olson
The Indianapolis-based real estate investment trust reported a first-quarter profit of $47.6 million compared with a loss of $15.3 million in the same quarter a year earlier. Gains from the sale of properties helped drive profit.
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Dow AgroSciences reports record revenue

April 28, 2011
 IBJ Staff
Indianapolis-based Dow AgroSciences on Thursday reported sales of $1.6 billion in its first quarter, up 17 percent from the same period last year due to higher volume and increased prices.
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Cultural Trail unveils garage's million-dollar art installment

April 28, 2011
Anthony Schoettle
The latest piece of art to be installed along downtown Indianapolis’ Cultural Trail will cost almost as much as the first eight displays combined.
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Angie’s List CEO says IPO possible in 2011

April 27, 2011
 IBJ Staff and Bloomberg News
Angie’s List Inc., a web service that provides consumer reviews to 1.5 million members, may decide to opt for an initial public offering as early as this year, CEO Bill Oesterle said.
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Indiana Legislature OKs redistricting proposal

April 27, 2011
Associated Press
Maps for new Indiana legislative election districts have gained final approval from the General Assembly and go to Gov. Mitch Daniels for consideration.
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Indiana poised to cut Planned Parenthood funding

April 27, 2011
Associated Press
The Indiana House voted 66-32 Wednesday to approve a bill cutting the $3 million in federal money the state distributes to the organization for family planning and health programs. The Senate approved the measure earlier this month.
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Key Indiana lawmakers optimistic about budget deal

April 27, 2011
Associated Press
Legislative leaders think they are on track to reach a budget deal by the time the legislative session ends Friday.
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Nation's broadest voucher plan passes final hurdle

April 27, 2011
Associated Press
The Indiana House voted 55-43 to give final approval to a bill creating the controversial voucher program. It would allow even middle-class families to use taxpayer money to send their children to private schools.
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Indiana lawmakers OK bill to expand charter schools

April 27, 2011
Associated Press
A bill aimed at spurring more charter schools in Indiana has cleared its final legislative hurdle, marking another piece of Gov. Mitch Daniels' aggressive education agenda to pass.
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Butler hires Villanova dean as its new president

April 27, 2011
J.K. Wall
Jim Danko, who became an entrepreneur at 19 and went on to become a business school administrator, will be the next president of Butler University.
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Local architectural firm Woollen Molzan disbands

April 27, 2011
Scott Olson
The venerable Indianapolis architectural firm that designed many of the city's most recognizable buildings—including the Minton-Capehart Federal Building—has closed and two of its leaders have joined a local competitor.
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WellPoint profit continues health insurance rally

April 27, 2011
J.K. Wall
Indianapolis-based WellPoint Inc. is the third health insurer in the past week to beat analysts' predictions by a huge margin and raise its full-year forecast.
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Bell Industries turns annual profit

April 27, 2011
The holding company for Bell Techlogix and the Recreational Products Group earned a profit of $300,000 in 2010 after losing $1.9 million the previous year.
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Rolls-Royce, union strike deal as competition looms

April 27, 2011
Kathleen McLaughlin
Competition from a new, state-of-the-art Rolls-Royce factory in Virginia drove contract talks in Indianapolis between the company and a union representing 1,700 of its workers here.
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Think hopes to boost sales through Indiana rebate

April 27, 2011
Kathleen McLaughlin
Electric car maker Think hopes to kick-start sluggish sales through a rebate program available only to Indiana residents.
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  1. I still don't understand how the FBI had any right whatsoever to investigate this elderly collector. Before the Antiquities Act it was completely legal to buy, trade or collect Native American artifacts. I used to see arrow heads, axes, bowls, corn grinders at antique shops and flea markets for sale and I bought them myself. But that was in the late 60's and early 70's. And I now know that people used to steal items from sites and sell them. I understand that is illegal. But we used to find arrow heads and even a corn grinder in our back yard when I was a child. And I still have those items today in my small collection.

  2. I lived in California and they had many of the things noted in the proposed suggestions from the "Blue Ribbon Panel". California is near financial collapse now. Let's not turn the great state of Indiana into a third world dump like California.

  3. The temporary closure of BR Avenue will get a lot of attention. But, one thing reported by the IndyStar really stands out to me, and is extraordinarily depressing: “Police also have agreed to crack down on noise violations, traffic violations and public intoxication.” In other words, the police have generously agreed to do their jobs (temporarily, at least), instead of just standing around waiting for someone to call 911. When is someone in this department going to get off their fat arse (looking at you, Chief), get their minds out of 1975-era policing and into 2014, and have his department engage in pro-active work instead of sitting around waiting for someone to be shot? Why in the hell does it take 7 people getting shot in one night in one of the city’s biggest tourist destinations, to convince the police (reluctantly, it would appear) that they actually need to do their f’n jobs? When is the Chief going to realize that there’s a huge, direct, proven correlation between enforcing the law (yes, all laws, especially those affecting quality of life) and preventing larger crimes from occurring? Is it racial BS? Is that what this extraordinary reluctance is all about? Is the department and the city terrified that if they do their jobs, they might offend someone? Whom, exactly? Will the victims of violence, murder, assault, rape, robbery, and theft be offended? Will the citizens who have to tolerate their deteriorating quality of life be offended? Will the businesses who see their customers flee be offended? Or, is it simple ignorance (maybe the Chief hasn’t heard about NYC’s success in fighting crime - it’s only the biggest g*&#am city in the country, after all)? Either way, Chief, if you don’t want to do your job, then step down. Let someone who actually wants the job take it.

  4. I thought Indiana had all the funding it needed for everything. That's why the state lottery and casino gambling were allowed, as the new tax revenue would take care of everything the state wanted to do.The recommendations sound like they came from California. Better think about that. What is the financial condition of that state?

  5. I was a fan of WIBC in the morning, Steve was the only WIBC host that I listened too, he gave the news with so much flare that I enjoyed listening to him on my way to work. Katz is no Steve. Sadly, I will not be listening to WIBC anymore.

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