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News & Analysis
Purdue to slice benefits for staff, techology costs
January 22, 2010
Associated PressUniversity will cut employee benefits, retirement contributions and information technology services to partially close a $67
million budget deficit for the West Lafayette campus
MoreState's unemployment rate jumps to 9.9 percent
January 22, 2010
Scott OlsonIndiana's jobless rate made its biggest increase since mid-2009. Department of Workforce
Development Commissioner Teresa Voors attributed the rise, in part, to a decrease in construction in December.
MoreIndiana businesses are welcoming investment from China
January 22, 2010
Peter SchnitzlerSome observers see a parallel to the state's seeking Japanese investment following recession in the early 1980s.
MorePickens' natural-gas plan may prove boon to truck builders
January 22, 2010
Bloomberg NewsConverting the U.S. trucking industry to natural gas will benefit manufacturers including Columbus-based Cummins Inc., T.
Boone Pickens says.
MoreSimon Property accepts $2.3B of notes in offer
January 22, 2010
Associated PressSimon will fund the purchase with available cash plus proceeds from the sale of $2.25 billion in senior unsecured notes.
MoreBill on Sunday microbrewery sales clears Senate
January 22, 2010
Associated PressThe bill would limit the amount of Sunday carryout sales from Indiana microbreweries to about three cases per transaction.
MoreEnerDel has more deals in the works
January 21, 2010
Kathleen McLaughlinLithium battery maker EnerDel will need more business than its existing relationships with Think and Volvo to justify the
$237 million investment
it announced Thursday.
MoreGrocery distributor buys convenience store supplier
January 21, 2010
An Indianapolis-based grocery wholesaler has purchased the assets of a convenience store supplier in Danville, enabling it
to expand its number of customers to 800 in five states.
MoreEnerDel hopes to hire 1,100 at new manufacturing plant
January 21, 2010
Peter SchnitzlerLithium battery-maker will get incentives worth $53.1 million for expansion into Hancock County.
MoreSimon says husband's shrinking fortune spurred new will
January 21, 2010
Greg AndrewsBren Simon says in a new court filing that her billionaire husband Mel Simon granted her a bigger share of his fortune in
the last year of his life because of alarm over Simon Property Group's plunging stock price and a sharp cut in its cash
dividend.
MoreITT Educational's quarterly profit, revenue climb
January 21, 2010
ITT Educational Services Inc. reported higher profit in the fourth quarter of 2009, earning $2.56 per share. The Carmel-based
for-profit educator's earnings topped analysts' expectations.
MorePNC profit rises despite growing loan losses
January 21, 2010
Associated PressThe bank's $1.01 billion in profit and its $5.08 billion in revenue were better than analysts expected.
MoreEnerDel expected to announce new manufacturing plant
January 20, 2010
IBJ StaffLithium battery-maker had requested a Hancock County zoning exemption to establish a manufacturing operation in the Mount
Comfort business park.
MoreIndiana House panel backs statewide smoking ban
January 20, 2010
IBJ Staff and Associated PressAn Indiana House committee approves legislation that would ban smoking in most public places statewide.
MoreAirport expert to bring 'Aerotropolis' concept to Indianapolis
January 20, 2010
Chris O'MalleyIdea for old terminal calls for more deliberative planning of development in and around Indianapolis International to make
airport more of an economic development hub.
MoreFinish Line forfeits incentive deal
January 20, 2010
Cory SchoutenMall retailer The Finish Line Inc. has agreed to forfeit a potentially lucrative tax-abatement deal because it won't be able
to meet a 2008 promise to create almost 200 jobs and invest $24 million at its Indianapolis headquarters.
MoreEnerDel in line for $3 million grant
January 20, 2010
Kathleen McLaughlinBattery maker EnerDel could land $3 million in federal disaster-recovery money that would help bring 200 more jobs to its
facilities on the north side of Indianapolis and in Noblesville.
MoreKnauf fills new CEO position
January 20, 2010
Knauf Insulation in Shelbyville appoints a company executive to its newly created position of CEO of North American operations.
MoreState Republicans try to block health reform mandates
January 20, 2010
J.K. WallJoint resolutions in the state Legislature seek to amend the state constitution to block enforcement of provisions in the
federal bills that would require individuals to buy insurance and all but the smallest employers to help pay for it.
MoreWall Street likes wobble on health reform
January 20, 2010
J.K. WallWith the stunning victory of Republican Scott Brown in the Massachusetts election for U.S. Senate, Wall Street analysts
expect to see a "run" on health care stocks.
MoreFormer attorney sentenced in fraud case
January 20, 2010
A former attorney who pleaded guilty to mail fraud has been sentenced to three years probation for submitting inflated bids
on foreclosed homes to the company for which he worked and pocketing the difference.
MoreKerasotes planning to sell theaters to AMC
January 20, 2010
IBJ Staff and Associated PressKerasotes, the nation's sixth-largest movie house chain, has four theaters in the Indianapolis area; AMC, the No. 2 player, has two.
Simon Property Group rolls out $2.25B offering
January 20, 2010
Associated PressProceeds from the offering will be used for general corporate purposes and to fund the purchase of senior notes.
MoreOutlook remains grim for commercial real estate
January 20, 2010
Cory SchoutenExpect another year of rising vacancies, declining property values and distressed sales in the central Indiana commercial
real estate
market. That's the message from Colliers Turley Martin Tucker in its annual State of Real Estate report.
MorePioneering automobile dealer Lockhart dies
January 20, 2010
IBJ StaffFreda Lockhart was the first woman to open dealerships for Cadillac and Saturn automobiles.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.