News & Analysis

Survey: Hospitals still rewarding docs for volume

June 20, 2011
J.K. Wall
The latest physician recruitment survey from Texas-based Merritt Hawkins shows three-quarters of all physician searches include a performance bonus for the doctor. Fewer than 10 percent of those bonuses are tied to something other than volume of procedures.
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Developer puts Cosmopolitan complex on block

June 20, 2011
Cory Schouten
The Cosmopolitan on the Canal, a 218-unit upscale apartment complex in downtown Indianapolis that cost more than $33 million to build, has been put on the market by Flaherty & Collins Properties.
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Receiver to manage assets of Fishers money manager

June 20, 2011
Cory Schouten
A receiver will take control of assets held by Samex Capital CEO Keenan R. Hauke, a prominent Fishers money manager accused by state officials of violating securities laws.
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Ex-charter school teacher to lead school effort

June 20, 2011
Associated Press
Indiana's education chief has appointed a former charter school teacher to lead the state's efforts to turn around 18 chronically failing schools.
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Container maker Arrow to expand, add 65 jobs

June 20, 2011
 IBJ Staff
Corrugated container manufacturer Arrow Container LLC plans to expand operations at its Indianapolis headquarters, more than doubling its staff over the next four years.
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Well-located Carmel retail center plagued by vacancies

June 18, 2011
Cory Schouten
Merchants' Square shopping center, built in 1970 as the enclosed Keystone Square Mall and redeveloped into an open-air center and renamed in the mid-1990s, is riddled with vacancies and bracing for another high-profile departure, despite its prime location.
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2010 was great for Indiana's 100 largest companiesRestricted Content

June 18, 2011
Norm Heikens
Despite enjoying rising revenues and profits, companies haven't followed with big increases in job numbers.
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Indiana public companies had banner yearRestricted Content

June 18, 2011
Corporations staged advances across a variety of industries in 2010 as the economy improved.
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State's private companies performed unevenly last yearRestricted Content

June 18, 2011
Norm Heikens
Fewer than half generated revenue increases.
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City's fast-growing companies surge with economic recoveryRestricted Content

June 18, 2011
Marc D. Allan
An economic recovery blowing against their backs propelled some Indianapolis-area companies to scorching growth.
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City's ambitious tech-corridor plan no sure thingRestricted Content

June 18, 2011
Francesca Jarosz
Indianapolis leaders are hoping a new plan launched by Mayor Greg Ballard’s administration to transform the area northwest of downtown into a high-tech job and life-sciences research magnet will turn the long-discussed idea into a reality.
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State paying MindTrust to develop IPS alternativesRestricted Content

June 18, 2011
J.K. Wall
The Indiana Department of Education is paying more than $680,000 to The MindTrust, a locally based not-for-profit, to develop other ways to oversee troubled schools than the traditional elected school board.
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Showdown looming over Marion County income taxRestricted Content

June 18, 2011
Francesca Jarosz
More agencies will be vying for a piece of the city’s income-tax revenue as next year’s budget process begins. But with that money flat-lined next year, city leaders say there may not be enough to share.
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Community Health adopts low-cost mantraRestricted Content

June 18, 2011
J.K. Wall
Community Health Network has embarked on a strategy to become a low-cost, high-output machine in order to survive the coming harsh economic environment that an aging population and expanded health care coverage promises for hospitals.
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Wind farm may fan economy in Madison CountyRestricted Content

June 18, 2011
Chris O'Malley
E.ON Climate & Renewables North America is planning some 75 wind turbines as part of Madison County’s first commercial wind farm, one that could temporarily employ 150 construction workers and bring a dozen permanent jobs.
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Pilots OK cuts, allowing Republic to pursue restructuring plan

June 17, 2011
Bloomberg News
Frontier Airlines pilots overwhelmingly approved concessions that will allow parent Republic Airways Holdings Inc. to pursue a $120 million restructuring at the unprofitable unit. Indianapolis-based Republic bought Frontier out of bankruptcy in 2009.
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State gets week to respond in Planned Parenthood case

June 17, 2011
Associated Press
A federal judge on Friday gave the state of Indiana a week to respond to the Obama administration's decision siding with Planned Parenthood of Indiana in an attempt to block the state's new abortion funding law.
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Towing companies sue city over contracts

June 17, 2011
Scott Olson
The plaintiffs claim the city violated the bid process by awarding contracts to companies that didn't meet the requirements. They're asking for an injunction to prevent the contracts from taking effect.
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INSIDE DISH: Italian eatery tables expansion amid downturn

June 17, 2011
Mason King
Dish_Augustinos_WatchVideoAaron O'Mara, co-owner of Augustino's, expected to open several locales until the economic downturn and a dip in sales scuttled those plans. Now he hopes to hold the line.
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Judge whacks claim that games infringe on Dillinger name

June 17, 2011
Cory Schouten
A federal judge has shot down a lawsuit brought by heirs of notorious bank robber John Dillinger over the depiction of the Dillinger name in video games based on the classic movie "The Godfather."
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UIndy launches $7.5M campaign for civic leadership institute

June 17, 2011
J.K. Wall
The Institute for Civic Leadership & Mayoral Archives will house a collection of official documents, correspondence, speeches, photos, audiotapes and other artifacts from the administrations of four Indianapolis mayors: Dick Lugar, Bill Hudnut, Steve Goldsmith and Bart Peterson.
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State’s jobless rate holds steady at 8.2 percent

June 17, 2011
Indiana's unemployment rate remained unchanged in May from the previous month. Because the rate has been at or below 8.5 percent for three consecutive months, the state is no longer eligible for a portion of extended unemployment benefits.
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IU Health strikes deal with Central Indiana Cancer Centers

June 17, 2011
J.K. Wall
Central Indiana Cancer Centers sold its five facilities to IU Health and transferred its 150 employees to the Indianapolis-based hospital system. The 16 physicians in the practice will remain independent, but they have signed a service agreement with IU Health that pulls the two entities into a tight embrace.
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Greenwood golf course reorganizing under bankruptcy

June 17, 2011
Scott Olson
Renamed Dye's Walk Country Club in 2007, the private golf course's original nine holes were the first designed by legendary course architect Pete Dye. The Greenwood course has fallen on financial hard times and is hoping to emerge under new ownership.
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Sources: Angie’s List picks adviser to handle planned August IPO

June 17, 2011
 IBJ Staff and Bloomberg News
Angie’s List Inc., a website that provides consumer reviews of plumbers, electricians and other services, is preparing to file in August for an initial public offering, said two people with direct knowledge of the plans.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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